A Bloomberg crypto analyst says that Ethereum (ETH) and two other altcoins are creating unprecedented financial opportunities for emerging markets. Blockchain analyst Jamie Coutts says on the social media platform X that ETH, Polygon (MATIC) and Solana (SOL) are unlocking greater access to the private credit market. “Public blockchains hold immense potential for empowering global …
Monthly archives: November 2023
BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst
Bitcoin eats away at upside which followed the Federal Reserve interest rate announcement, with BTC price action over $1,000 lower. Market Update Join us on social networks Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives. BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains Data …
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‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%
Hayes may face short-term losses on his Solana buy-in, but the long-term upside looks promising as the cryptocurrency market recovers. Altcoin Watch Join us on social networks Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the …
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4 signs Bitcoin is starting its next bull run
Here are four factors supporting the argument for an upcoming Bitcoin bull run as BTC price breaks above $35,000, an 18-month high. Market Analysis Join us on social networks As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April …
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Over half of musicians concerned over audience perception of AI use: Survey
Over half of musicians surveyed said they’re concerned with how their audience might perceive music created using AI, yet many artists have found it useful in their creative process. News Join us on social networks As artificial intelligence (AI) continues to permeate various sectors worldwide, the music industry has been receptive to its transformative capabilities while …
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Top Trader Updates Outlook on AI-Focused Altcoin That’s Exploded 307% Year-to-Date, Unveils Targets for Solana
A widely followed crypto strategist is updating his outlook on one red-hot artificial intelligence (AI) altcoin. The pseudonymous crypto analyst Pentoshi tells his 707,100 Twitter followers that Fetch.AI (FET) is likely entering a consolidation phase after soaring 307% year-to-date. “Update: mid-term resistance resisting. Guessing a week or so of some consolidation and chop for this …
Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact
Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives. Podcast Join us on social networks The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s Hashing It Out …
SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System
SafeMoon was exploited in March after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds. News Join us on social networks The decentralized finance project SafeMoon, which was exploited in March, resulting in a net loss of $8.9 million in BNB (BNB), has been charged by the United States Securities and …
Hong Kong issues rules for asset tokenization as interest mounts
Hong Kong’s securities regulator treats tokenized securities like traditional securities, subject to the same legal and regulatory norms. News Join us on social networks The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization. The circulars offer instructions to intermediaries participating in tokenized securities activities and outline the criteria …
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PayPal faces SEC action related to PYUSD stablecoin: Official
PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. News Join us on social networks Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin. The Enforcement division of the SEC has …
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Potential Bitcoin bull run predicted by closing gap between realized and long-term holder prices
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 …
PayPal receives SEC subpoena regarding its $156M market cap PYUSD stablecoin – Reuters
PayPal has disclosed it received a subpoena from the Securities and Exchange Commission (SEC) tied to its U.S. dollar stablecoin, PYUSD, marking yet another milestone at the intersection of traditional finance and digital currencies, according to reports. As Reuters reported, this significant development follows PayPal’s pioneering move in August, when the tech giant became the first …
UK triples funds for AI supercomputer to £300 million to boost AI safety research
The UK government has announced a significant boost to its artificial intelligence (AI) prowess, with a tripling of its previously announced £100 million investment in its ‘AI Research Resource.’ The £300 million investment, as the Department for Science, Innovation, and Technology reported, is set to bolster the UK’s most advanced computer, Isambard-AI, along with a newly …
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Solana SOL token value grows by more than 330% YTD to 14-month high
Solana’s SOL token is the best-performing top 20 digital asset by market capitalization in the last 24 hours, according to CryptoSlate’s data. SOL’s price climbed to a 14-month high of $46 during the reporting hours before retracing to its current levels of $43.5904 as of press time, per CryptoSlate’s data. This price movement continues a …
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Revolut identified as the most crypto-friendly UK bank as 38% of crypto investors leave legacy banks – report
The UK government aims to establish London as a global blockchain hub. Yet, restrictive cryptocurrency policies implemented by major banks appear to contradict these ambitions, according to a recent report by crypto tax software provider Recap. The report reveals the risk-averse approach adopted by banks has led to blanket bans on crypto transactions, impacting businesses …