Day: October 10, 2023

Asian and European stocks rally amid a wave of risk appetite

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Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite. Another major factor that played a key role in the bullish resurgence of European and Asian stocks was the United States Federal Reserve’s optimistic outlook on bond yields. U.S. Treasury yields fell sharply on Tuesday, with Federal Reserve officials hinting that the central bank may be done raising interest rates. Fed Vice Chair Philip Jefferson said the institution may “proceed carefully” in determining whether any additional rate rises are necessary, while Dallas Fed…

Binance freezes Hamas-linked accounts after Israeli request

Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement. According to an Oct. 10 WeChat post by Yi He, the exchange’s co-founder, the freeze is targeted toward Hamas and not the people of Palestine. As stated by He: “Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“ Yi He further explained that no…

Here’s Why The Ethereum Price Fell Toward $1,500

The price of Ethereum has experienced a notable decline following a major Ether sale this week. The unexpected decrease has left the crypto community anxious about the stability of the world’s second-largest cryptocurrency and the long-term effects of the decline.  Ethereum Price Drops After Large-Scale Ether Swap On Monday, October 9, the price of Ethereum declined following an extensive Ether swap by the Ethereum Foundation, a non-profit community-run organization dedicated to enabling better human coordination.  The Ether transaction which took place on Uniswap, a decentralized crypto exchange platform, saw the…

Home to critical crypto data reports

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In a rapidly changing blockchain and cryptocurrency landscape, staying informed is crucial. Cointelegraph has launched its new Research Terminal — an all-in-one destination for comprehensive crypto insights, detailed reports and extensive data.  The revamped terminal offers an improved user experience with a user-friendly interface, making it effortless to explore our wealth of content, whether on a desktop or mobile device. Check out the new Cointelegraph Research Terminal here The updated Cointelegraph Research Terminal covers the crypto ecosystem like never before. Cointelegraph Research is still committed to free public reports An…

Why Paul Tudor Jones is still bullish on bitcoin

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Paul Tudor Jones says bitcoin along with gold are looking more attractive these days given the “cataclysmic” fiscal situation in the U.S., likelihood of a recession and new geopolitical turmoil abroad. The legendary hedge fund manager and founder of Tudor Investment told CNBC both assets could take on a bigger role in investors’ portfolios given not only recent events like the war in Israel but also as a result of the Federal Reserve’s inflation-fighting rate hikes, which could tip the economy into a recession, potentially sending the stock down 12%…

Saudi Arabia Working with China to Build Arabic-focused AI System

Saudi Arabia and Chinese universities to work on AceGPT, an Arabic-focused AI system based on Meta’s LlaMA2, designed as an AI assistant for Arabic speakers. Every big country on the planet has been spearheading efforts to build new artificial intelligence (AI) systems. Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) has joined forces with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system. This large language model (LLM), named AceGPT, is based on Meta’s LlaMA2 and was developed by a Chinese-American professor at KAUST, in collaboration…

Circle rolls out native USDC tokens on Polygon

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US dollar stablecoin issuer Circle has announced that it has begun minting USD Coin (USDC) natively on Ethereum layer 2 scaling protocol Polygon. USDC is accessible to both users and developers without the need to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circle’s developer API’s now support Polygon-based USDC, tapping into Polygon’s scaling capabilities. 1/ It’s official. #ItsStillStableSeptember and $USDC is now available natively on @0xPolygon PoS mainnet! Learn the benefits of native USDC and how to switch from bridged USDC.e https://t.co/KcK55sT4KH pic.twitter.com/Gm6HjR62KW — Circle (@circle)…

Flare Network Taps Partnership with Subsquid to Empower Developers

Subsquid’s integration with Flare paves the way for greater innovation and collaboration in the blockchain ecosystem. Flare Network, an EVM smart contract platform, has announced its collaboration with Subsquid,  a full-stack blockchain indexing solution to make historical data stored on the Flare blockchain readily available to developers utilizing the Subsquid network. Subsquid: A Game-Changer for Blockchain Data Access Subsquid is a full-stack blockchain indexing solution equipped with an open-source Software Development Kit (SDK), specialized data lakes designed for on-chain data, and a hosted service. Its mission is to empower developers…

Shiba Inu Price Dips Below Key Support: Enter Or Exit SHIB?

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The Shiba Inu (SHIB) price currently treads on crucial technical terrains. As highlighted in previous comprehensive analysis, the potential impacts of two distinct chart patterns were observed on the 1-week timeframe for SHIB, both leading to vastly different price trajectories. The 1-week chart reveals a compelling quadruple bottom formation for SHIB. If this pattern materializes, it could suggest a bullish surge of up to 250% from its breakout point, as delineated in prior assessments. Conversely, a starkly contrasting pattern emerges in the form of a descending triangle, which has taken…