Day: October 9, 2023

Binance’s CZ expects Bitcoin to hit new all-time high in 2025

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As Bitcoin halving approaches, the Binance boss doubts that BTC will reach a new maximum by the end of 2024. The crypto community should brace for a long recovery as Binance CEO thinks Bitcoin (BTC) won’t hit a new all-time high (ATH) sooner than 2025. In a blog post on Binance Feed, the exchange’s head, Changpeng Zhao (CZ), said the market will face “anxiety, expectations, hype, hope” as the halving approaches. Based on his experience, CZ says the bitcoin price won’t double overnight the day after the halving. However, once…

Crypto investment products see largest inflows since July: CoinShares

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Digital asset investment products have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report. Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinShares reported in its weekly analysis report on Oct. 9. According to CoinShares, the volumes of crypto exchange-traded products (ETPs) also surged by 37% last week, reaching $1.1 billion. Bitcoin (BTC) volumes also rose 16% on trusted exchanges, the report notes. Solana (SOL), the eighth largest cryptocurrency by…

S. Korean Crypto Exchange Upbit Deflected 160K Hacking Attempts in the First Half of the Year

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UK FCA Flags Huobi (HTX), KuCoin, and 140 Companies as Unauthorized

The warning list serves as a clear message from the FCA, indicating that the included companies lack authorization or have failed to meet regulatory requirements for operating within the United Kingdom. On October 8, the UK’s Financial Conduct Authority (FCA) included 143 new entities in its warning list of unauthorized firms. Notably, this list features major crypto companies like Huobi/HTX and KuCoin, both significant players in the crypto industry. The warning list essentially functions as a public notice intended to caution users against engaging with these entities. The Financial Conduct…

Is Shiba Inu About To Skyrocket? Insights After A Consolidation

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Shiba Inu (SHIB) investors have been caught in a whirlwind of uncertainty for the past month as the cryptocurrency’s price has stubbornly clung to a narrow range between $0.0000075 and $0.000007. This protracted period of stagnation has left traders and enthusiasts alike scratching their heads, wondering when the next significant move might occur. The current SHIB price, as reported by CoinGecko, hovers at $0.00000715, representing a modest 1.4% decline over the last 24 hours. Over the span of seven days, the meme coin has dipped by nearly 6%, indicating a…

Crypto analyst calls for Bitcoin price to blast off

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Crypto analyst Jason Pizzino examined historical stock market cycles and predicted that Bitcoin could see significant price increases. In an Oct. 9 YouTube video, crypto analyst Jason Pizzino took a deep dive into historical stock market cycles. He used that data to predict where the price of Bitcoin (BTC) could be headed in a new video posted on October 9, 2023. Pizzino claimed that if you look back over the last 100 years, stock markets tend to follow approximate 20-year cycles. At the end of each cycle, markets historically hit…

EU mulls more restrictive regulations for large AI models: Report

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Representatives in the European Union are reportedly negotiating a plan for additional regulations on the largest artificial intelligence (AI) systems, according to a report from Bloomberg.  The European Commission, European Parliament and the various EU member states are said to be in discussions regarding the potential effects of large language models (LLMs), including Meta’s Llama 2 and OpenAI’s GPT-4, and possible additional restrictions to be imposed on them as a part of the forthcoming AI Act. Bloomberg reports that sources close to the matter said the goal is not to…

Oil Prices Rise 4% as Hamas Attacks Israel Killing and Wounding Thousands

Oil prices rose today as Hamas and Israel continue their conflict with many injured and several dead on both sides. Oil prices have risen following the conflict between Israel and the Palestinian militant movement Hamas as the fight extends into the third day. Global benchmark Brent hit $88.41 per barrel on Monday after rising by 4.53%. The US West Texas also recorded an increase, climbing 4.69% to $88.67 a barrel. The conflict between both sides does not directly impact oil prices as neither is a major oil producer. According to…