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Monthly archives: November 2023
Elon Musk denies that X, Tesla, or SpaceX will ever issue crypto tokens
Billionaire entrepreneur Elon Musk said in a social media post on on Nov. 3 that his various companies will never issue a cryptocurrency token. Musk stated: “To be super clear, none of my companies will ever create a crypto token.” Musk made that comment in response to news about a token that is attempting to …
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SEC Commissioner pushes agency to impose stronger preventative measures on crypto industry
In a Nov. 6 speech, Republican SEC Commissioner Mark Uyeda said the watchdog needs to reassess its approach to the crypto industry. According to Uyeda, regulatory clarity is the need of the hour, and the SEC has the power to establish it. Proactive rulemaking Speaking at an international event in London, Uyeda stated that the …
Bank of England, Financial Conduct Authority seek public input on stablecoin regulation
The UK’s Financial Conduct Authority (FCA) has joined forces with the Bank of England (BOE) to gather public input on their forthcoming regulatory framework for stablecoins. In a joint statement released on Nov. 6, the FCA and BOE unveiled a discussion paper to solicit feedback to shape the regulations governing stablecoins. This initiative represents the …
‘Abnormal’ Move Coming for Bitcoin as One Indicator Forms Setup, According to Crypto Analyst Jason Pizzino
Crypto analyst Jason Pizzno says that Bitcoin (BTC) could be gearing up for an unexpected bull phase that carries on into next year. In a new strategy session, Pizzino takes a look at the average true range (ATR) indicator, which measures volatility within a given time period. Pizzino points out that about 1,030 days passed …
‘They’re Gonna Print the Money’: Investor Luke Gromen Says US Government Will Be Forced Into QE To Avert Crisis
Macro investor Luke Gromen says the US government will soon be forced to print more money to address its rising debt and obligations. In a new interview with Peter McCormack on the What Bitcoin Did podcast, Gromen says that with the combination of diminishing productivity and rising costs, the US will face a simple choice …
OpenSea CEO Announces Job Cuts, Says NFT Marketplace Building New Foundation for Faster Innovation
The chief executive of non-fungible token (NFT) marketplace OpenSea is announcing job cuts as the firm says that it’s rebuilding from the ground up. In a thread on the social media platform X, OpenSea CEO Devin Finzer says that the prominent NFT marketplace will be building a new foundation for faster innovation and upgrading its …
Institutions Pile Into Bitcoin, Ethereum and Solana With $262,000,000 in Capital Flows: CoinShares
Digital assets manager CoinShares says Bitcoin (BTC), Ethereum (ETH), Solana (SOL) saw heavy inflows from institutional investors last week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to allocate to crypto as the asset class enjoys its sixth consecutive week of institutional inflows. “Digital asset investment products saw inflows …
ChatGPT launches new feature that lets subscribers make their own GPTs
The ‘GPTs’ feature potentially reduces the need for paid subscribers to enter complex prompts, the OpenAI team claimed. News Join us on social networks Artificial intelligence (AI) system ChatGPT now allows users to create their own generative pre-trained transformers (GPTs), according to a November 6 blog post from developer Open AI. This means that users …
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UK stablecoin regulation begins to take shape in multiple FCA, BOE documents
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking. News Join us on social networks A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as …
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Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
Bitcoin price is consolidating near $35,000. Will altcoins capitalize on the sideways price action and move higher? Price Analysis Join us on social networks Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation …
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Former Justice Department Prosecutor Says Sam Bankman-Fried Will Likely Receive 25-Year Sentence: Report
A former prosecutor with the U.S. Justice Department’s Securities and Commodities Fraud Section reportedly says that Sam Bankman-Fried may only receive about 25 years in prison. On November 2nd, a jury of 12 found Bankman-Fried guilty of seven criminal charges related to the collapse of the FTX crypto exchange, including wire fraud, conspiracy to commit …
Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?
Bitcoin recaptured a key price level and a handful of altcoins look poised to breakout. Price Analysis Join us on social networks The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. …
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Binance’s spot trading market share falls to 40% in 2023: Report
The exchange’s share in crypto spot trading was slashed by one-third over the past year. News Join us on social networks Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange …
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3 reasons why Ethereum price is underperforming altcoins
Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900. Market Analysis Join us on social networks Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% …
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