A closely followed crypto strategist believes that Chainlink (LINK) has officially entered bull territory after months of sideways price action. Pseudonymous analyst Rekt Capital tells his 365,500 followers on the social media platform X that LINK is now in the midst of a long-term uptrend. “The macro downtrend is over. The macro range is over, …
Monthly archives: November 2023
Altcoins Rally: What’s Next After The Breakout
Altcoins have witnessed a significant surge recently, with their collective market capitalization rising from $575 billion to $615 billion in just a few days – an increase of 7%. This momentum hints at the potential for further growth in the Altcoin sector. Breakout From Descending Triangle The Altcoin market capitalization had been trading within a …
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Polkadot (DOT) Market Cap Dips: Q3 Sees 16% Decrease In Value
Polkadot (DOT), one of the prominent blockchain networks in the crypto space, experienced a 16% decline in market capitalization in the third quarter (Q3) of 2023, according to a recent report from Messari. This decline came after a moderate downturn in the overall cryptocurrency market during Q3, despite favorable court rulings for XRP and Grayscale. …
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Ethereum Layer-2 Booming: Will Gas Fees Drop Even In A Bull Market?
The adoption of Ethereum layer-2s is on the rise if Token Terminal data shared on November 6 is anything to go by. According to statistics from the blockchain analytics platform shared by Erik Smith, the Chief Investment Officer (CIO) of 401 Financial, the average active addresses over the past three months has exceeded 10 million, a nearly …
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Top 3 Altcoins For November 2023 That Could 100x Your Crypto Portfolio
Altcoins have become one of the most preferred ways for crypto investors to secure massive gains in the industry especially given Bitcoin’s massive growth rate in the last decade. Because a lot of these altcoins have significantly smaller market caps, they tend to have a lot of runway for growth, making them an enticing option. …
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Four Reasons Why Investors Are Bullish On Chainlink
Chainlink’s recent price surge of 63% has turned heads in the cryptocurrency community. This uptrend begs the question: what’s driving investor confidence in Chainlink? Let’s dive into four key reasons that might be contributing to this bullish trend. #1 Chainlink Dominance In The Oracle Space Oracles act as a bridge between blockchain networks and the …
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US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies. News Join us on social networks A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year. In a proposed amendment to …
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OpenAI promises to fund legal costs for ChatGPT users sued over copyright
OpenAI joins Google, Microsoft and others in legally backing their users if they face legal action over copyright infringement. News Join us on social networks OpenAI says it will cover the legal costs for business-tier ChatGPT users that find themselves in hot water over copyright infringement. OpenAI is calling its pledge Copyright Shield which only …
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Wyoming Senator Cynthia Lummis Aiming for New Crypto Bill To Be Passed in Early 2024: Report
Pro-Bitcoin (BTC) Senator Cynthia Lummis wants a crypto regulation bill to pass early next year in the US. In a new interview with Yahoo Finance, Senator Lummis says that the overreach by the U.S. Securities and Exchange Commission (SEC) into crypto is just one of the reasons she wants to introduce crypto regulation by early 2024. “I …
Moody’s unveils service that uses AI to predict stablecoin depeggings
Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings. News Join us on social networks Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ …
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6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto
Lugui Tillier is the sales manager for Lumx Studios, one of the top cryptocurrency firms in Rio de Janeiro — a city with a burgeoning crypto industry. But for Tillier — who holds dual citizenship between Belgium and Brazil — cryptocurrency is more than a job. It was a passion sparked by a friend, and it …
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Solana price corrects as recent (SOL) rally factors come under question
SOL price has started to cool off as investors potentially question the reasons for the most recent double-digit rally. Market Analysis Join us on social networks Solana’s SOL (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, it failure to breach the $44.50 mark resulted in a 10% correction …
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SEC Inspector General says prohibition on crypto ownership hinders agency hiring
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar – lack of legislative clarity, lack of interagency coordination, etc. News Join us on social networks The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission (SEC) has released its annual examination …
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SEC wants to hire crypto experts, but job candidates won’t sell their holdings
The U.S. Security and Exchange Commission (SEC) is facing challenges in recruiting cryptocurrency experts, a problem partly attributed to its own policies, as highlighted in a recent agency document. That document, published in October and modified Nov. 2, is titled The Inspector General’s Statement on the SEC’s Management and Performance Challenges. It indicates that the …
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OpenAI unveils GPT-4 Turbo, custom GPTs, and more at OpenAI DevDay
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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