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Monthly archives: October 2023
Bitcoin Could Plunge by Nearly 50%, According to Crypto Analyst Nicholas Merten – Here’s Why
Crypto analyst Nicholas Merten is warning that Bitcoin (BTC) could collapse if the economy is thrown into a recession. Merten tells his 512,000 YouTube subscribers that Bitcoin could decline by more than 46% from its current value if the Federal Reserve’s hawkishness leads to a prolonged economic downturn. According to Merten, if commodities like oil, …
Crypto Trader Says Avalanche (AVAX) To Surge by Double Digits, Updates Outlook on Solana (SOL)
A closely followed crypto strategist is predicting Avalanche (AVAX) will undergo a massive surge due to one main reason. Pseudonymous crypto analyst Altcoin Sherpa tells his 196,600 followers on the social media platform X that the Ethereum (ETH) rival could increase by more than 12% from its current value. The analyst says that Avalanche is …
Long and short positions, explained
The concept of long and short positions The long and short positions represent opposite strategies that investors and traders use to speculate on the price movements of assets under consideration. The idea of long and short positions is still applicable to traditional financial markets in the realm of cryptocurrencies. In order to profit from a …
This Decentralized Data Storage Altcoin Could Explode by Over 1,700% As AI Economy Booms: Arthur Hayes
BitMEX co-founder Arthur Hayes is expressing bullish sentiment on a decentralized data storage crypto project on the grounds that demand for censorship-resistant artificial intelligence (AI) infrastructure is bound to grow. Hayes says in a new blog post that AI technology “craves decentralization” for the two things that it requires – compute power and cloud storage. …
House Republicans urge tighter export controls on advanced chips
The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation. News Join us on social networks On Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to strengthen the enforcement of export controls …
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What are ETFs and why do they matter?
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Spot Bitcoin ETFs Could Send BTC Skyrocketing by Over 3,200%, Says InvestAnswers Host – Here’s the Timeline
The anonymous host of InvestAnswers is predicting that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will trigger massive inflows from Wall Street giants. The analyst tells his 447,000 YouTube subscribers that investing giants Fidelity Investments, Charles Schwab, Citadel, Deutsche Bank, BlackRock, Nomura and Franklin Templeton collectively have $25.22 trillion in assets under …
Elon Musk’s X platform faces backlash over XRP account suspension
Crypto Eri, a prominent figure in the cryptocurrency community, contacted Elon Musk on X, seeking clarification about the account suspension. News Join us on social networks X (formerly Twitter) executive chair and chief technical officer Elon Musk has faced criticism for the suspension of an XRP-related account. Crypto Eri, a well-known figure in the cryptocurrency …
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$17,400,000,000 in US Treasuries Dumped by BRICS Nations China, Brazil and Saudi Arabia in One Month
Founding BRICS members China and Brazil along with newcomer Saudi Arabia are quietly unloading their US Treasury holdings. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities dropped from $835.4 billion at the start of July to $821.8 billion at the end of the month – a decline of $13.6 billion. …
X’s ‘everything app’ push continues as Elon Musk tests video game streaming
During his stream, Elon Musk said that X has plans to integrate streaming services with Xbox and PS5, but has no plans of trying to be better than specialised streaming platforms. News Join us on social networks X, formerly Twitter, has made another step toward becoming an “everything app” after Elon Musk tested out video …
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Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team. News Join us on social networks Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several …
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First week of SBF’s trial paints a grim picture for the former billionaire
As the curtains lifted on the highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF), the week unfolded with a series of damaging claims and a visibly charged atmosphere inside the courtroom. The U.S. Department of Justice (DOJ), tasked with leading the prosecution, has pulled no punches, portraying Bankman-Fried as a central player in …
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Yuga Labs cuts staff as part of larger restructuring
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Bank Abruptly Freezes $48,000 in Customer’s Account, Denying Access to Funds and Refusing to Verify Identity: Report
A Tennessean woman says her bank has abruptly frozen tens of thousands of dollars in her account – even after she took additional steps to prove her identity and verify the source of her funds. Torrie Jackson says she and her husband received more than $68,000 in back taxes from the IRS earlier this year, …