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Crypto

Veteran trader Peter Brandt reverses bearish view on bitcoin, enters long position

Veteran trader Peter Brandt has taken a long position in bitcoin, reversing his earlier bearish view. He cited the completion of a rare inverted head-and-shoulders pattern and a break above key resistance as reasons to turn bullish. Bitcoin moved above the $64,000 resistance area and rose into the $73,000 range. Market reaction was mixed, with Brandt stressing risk management based on the law of large numbers.

Crypto

Humanity Protocol founder says pivot to enterprise AI after $36 million hack

Humanity Protocol is shifting away from identity verification and blockchain-based business to enterprise AI products, weeks after a $36 million hack drained assets and sent the H token price sharply lower. Founder Terrence Kwak said the company had been reviewing its direction for 6 to 9 months and the incident accelerated a transition already under way. On-chain analysts estimated more than $32 million left related wallets.

AI & Enterprise

ITCEN Entec wins Hyundai Department Store Group H.Point app renewal contract

ITCEN Entec said on Monday it has won a contract to renew the H.Point app, Hyundai Department Store Group’s integrated membership platform, and is expanding its business portfolio into retail digital services. The company said it has prepared to carry out the project with specialised staff, including project management professionals and IT experts in department store, retail and logistics. It plans to apply updated UI/UX design and work closely with the client.