Day: April 14, 2023

ADA Surges to 7-Month High, as XRP Extends Recent Gains  – Market Updates Bitcoin News

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Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high. ADA/USD raced to an intraday peak of $0.4441 earlier in today’s session, after trading at a low of $0.4115 on Thursday. Friday’s…

BTC price targets see $33K next as Bitcoin eyes key resistance flip

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Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no major retracement as it headed further into ground it originally lost in June 2022. Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends. United…

UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy

The country’s 2023 Spring Budget, released in March, said the government wanted to “lead on the future of web technology, sometimes known as Web3 or the metaverse.” The new tech department, set up in February, will lead the charge in this work. The department’s work will not focus on specific technologies like blockchain and virtual reality but will instead look at potential economic growth opportunities, investment and business models associated with concepts including the Metaverse and Web3, along with implications for regulation, according to the source. Source

Elon Musk’s Tweet Pushes Aptos Token (APT) Price to New Highs

Soon after Elon Musk’s tweet, the Aptos token clocked a total trading volume of $460 million. On the technical chart, APT has formed a bullish pattern and could rally even further. In an interesting development, the Aptos token (APT) got an unexpected boost from the world’s second-richest man Elon Musk. In one of his cryptic tweets, which he deleted later, Elon Musk mentioned ‘AI’ and ‘APT’ spurring massive interest from the crypto community. This was enough to catapult the Aptos (APT) token price to jump more than 10% hitting a…

Technical indicators suggest bitcoin on cusp of bull market

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin has been bullish since the beginning of the year, making it above the $30,000 barrier for the first time since June 2022. However, some analysts believe that the rally is not over yet and that there are still signs of strength in the market. One is @BTC_Archive, a Twitter account that posts bitcoin-related news and charts. On April 13, the analyst suggested that BTC was headed towards a more sustained bull market judging by its…

JPMorgan Chase Reports Record Q1 2023 Revenue Haul amid US Banking Crisis

JPMorgan topped Q1 2023 revenue expectations by more than $3 billion on the back of higher Fed-facilitated interest rates.   JPMorgan Chase (NYSE: JPM) recently posted a Q1 2023 record revenue haul that beat analysts’ expectations. The banking giant’s record first-quarter revenue largely benefitted from net income on higher interest rates which surged 50% year-over-year (YoY). JPMorgan said its Q1 revenue came in at $39.34 billion compared to the $36.19 billion analysts expected. Furthermore, the New York-based bank also realized adjusted earnings of $4.32 per share versus the consensus estimate of $3.41.…

What can blockchains do to ensure fairness?

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Projects rooted in artificial intelligence (AI) are fast becoming an integral part of the modern technological paradigm, aiding in decision-making processes across various sectors, from finance to healthcare. However, despite the significant progress, AI systems are not without their flaws. One of the most critical issues faced by AI today is that of data biases, which refers to the presence of systemic errors in a given set of information leading to skewed results when training machine learning models.  As AI systems rely heavily on data; the quality of the input…

Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor – Featured Bitcoin News

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Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England (BOE) governor, Andrew Bailey, stablecoins can only function as money if they attain the characteristics of “inside money” and when they are regulated as such. Bailey also claimed the BOE had determined that stablecoins lack…

U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations

“The cryptocurrency industry is rapidly expanding with some industry lobbyists insisting that their offerings and platforms fall outside the securities laws and regulations,” Better Markets, a Washington-based group advocating for tougher protections in the financial system, wrote in a comment letter last year. “But clearly, the commission must apply securities regulation equally to all securities regardless of how novel, ‘innovative,’ popular, or profitable such offerings may be.” Source