Controversial Stock-to-Flow (S2F) model creator PlanB has recently made a bold prediction about Bitcoin (BTC) that’s captured the crypto community’s attention. Via his social media handle X, PlanB stated that Bitcoin’s price would never plummet below the $35,000 threshold again. PlanB supported his claim with a chart illustrating Bitcoin’s valuation trend about its intrinsic hash …
Monthly archives: November 2023
Bitcoin Storms Past $38,000 Once More, Anticipating Breakout To New Annual Peak
Bitcoin (BTC) has again demonstrated its bullish momentum by surging above the $38,000 mark. Breaking free from the recent trading range between $36,500 and $37,500, BTC currently trades at $38,100, slightly below its yearly high of $38,400 achieved on Friday, November 24. However, this is just one of the many milestones BTC has achieved during its …
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Top 2 Under The Radar Altcoins That Could Do A 70000% Run Like Kaspa (KAS)
Anyone paying attention to the crypto industry and altcoins in the last few months will have noticed the incredible run that the Kaspa native token, KAS, went on. When all was said and done, the token’s price had risen over 70000% from its all-time low of $0.0001699 which was recorded on June 1, 2022, according …
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XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data
Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling. XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins. …
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What crypto traders can learn from Charlie Munger — even if he hated BTC
Legendary investor Charlie Munger may have once called Bitcoin “rat poison squared” — but that doesn’t mean crypto traders should ignore his years of investing wisdom. News Join us on social networks Legendary investor and billionaire Charlie Munger, known as the right-hand man of Warren Buffet who helped build investment powerhouse Berkshire Hathaway, has passed …
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Ethereum’s Vitalik Buterin Warns AI May Cause Human Extinction, Says ”Even Mars May Not Be Safe”
Ethereum founder Vitalik Buterin said artificial intelligence (AI) may become the ”apex species” on earth and potentially lead to human extinction. “A superintelligent AI, if […] Go to Source
Binance Co-Founder Changpeng Zhao Barred From Leaving The US For Now
Binance co-founder Changpeng Zhao will not be leaving the US for his residence in Dubai any time soon after the court barred his exit in […] Go to Source
Coinbase Shares Soar After Binance US Settlement As Ark’s Cathie Wood Takes Profits
Coinbase shares have surged so much since Binance agreed to a $4.3 billion penalty to settle criminal charges in the US that Ark Invest’s Cathie Wood […] Go to Source
‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts
The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop, say analysts. Follow up Join us on social networks Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay …
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New dYdX Chain Goes Live With $20,000,000 in DYDX Token Rewards Up for Grabs
Decentralized exchange (DEX) dYdX is going live with its new native blockchain featuring a hefty rewards program for its users. dYdX Chain, built using the Tendermint consensus with the Cosmos SDK, is a standalone chain for the DEX, which previously ran on Ethereum (ETH). The launch of dYdX also features a six-month incentive program, launched …
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SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs
The request for public comment are standard for ETFs under review and have an open period of 35 days. News Join us on social networks The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The …
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Amazon launches ‘Q’ — a ChatGPT competitor purpose-built for business
Employees in HR, legal, product management, design, manufacturing and operations departments will benefit from Q, said AWS CEO Adam Selipsky. News Join us on social networks Amazon has launched its own artificial intelligence-powered assistant built for business, “Amazon Q.” The AI chatbot can be used to have conversations, solve problems, generate content, gain insights and …
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Jump Crypto filed docs confidentially in SEC v. Terraform Labs case
The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits. News Join us on social networks A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission’s case against Terraform Labs. In a Nov. 28 …
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Decentralized Bitcoin mining pool OCEAN raises over $6M in seed funding
OCEAN, a new decentralized Bitcoin mining pool, announced that it had raised $6.3 million in seed funding from various sources on Nov. 28. The seed funding round is notably led by Jack Dorsey, co-founder and CEO of Block Inc. and also a co-founder and former CEO of Twitter/X. Dorsey said in a statement: “Our contribution …
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SEC advances decision process on Franklin Templeton’s Bitcoin ETF application
In a surprising turn of events, the U.S. SEC has advanced its decision-making process regarding Franklin Templeton’s Bitcoin ETF application, which was not due until Jan. 1, 2024. The watchdog punted the previous Nov. 15 deadline to Jan. 1, 2024, to allow for a more comprehensive review of the proposal’s alignment with regulatory standards, particularly …
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