Day: October 11, 2023

Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

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Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield curve wasn’t included in Tudor’s comments, it’s yet another important factor for investors to consider. Geopolitical conflicts exacerbate macro uncertainty In a recent interview with CNBC, Jones mentioned the factors he’s keeping an eye on with regard to the Israel-Palestine…

Crypto Regulation Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick

The uncertainty over Scalise also keeps Rep. Patrick McHenry (R-N.C.), the stand-in speaker, from returning to his chairmanship of the House Financial Services Committee, which has been shepherding the leading crypto legislation in this session. When Republicans eventually pick a speaker, industry lobbyists have suggested McHenry may have built up some goodwill for taking the party’s reins, and he could spend some of that on getting floor votes for two crypto bills that cleared his panel. Source

Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

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Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF.  This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high.  Unmoved Bitcoin Supply Reaches Record…

Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?

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Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins.  In September, LINK’s price surged by an impressive 35.5%, but in the month-to-date performance for October, LINK has faced a 10% correction. Investors are concerned that breaking the $7.20 support level may lead to further downward pressure, potentially erasing all the gains from the previous month. Chainlink (LINK) 12-hour price index,…

Hata receives in-principle approval to be fifth Malaysian digital exchange

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The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months. Hata will become the fifth regulated digital asset exchange in Malaysia and the first legal entity to receiveapproval as a digital broker, allowing it to display trade orders from other regulated exchanges. Hata also received a money broker license from the Labuan Financial Services Authority in June, allowing it…

How BlackRock Used Crypto To Complete Deal On JP Morgan’s Blockchain

Per a report from Bloomberg, the world’s largest asset manager, BlackRock, achieved a new milestone in its crypto roadmap. The company has been working on new ways to integrate with blockchain technology and thus has partnered with other financial institutions. BlackRock Takes Another Step In The Crypto Space According to the report, BlackRock completed a transaction on the derivatives market using Onyx, the blockchain platform developed by JP Morgan. The transaction “used tokenized collateral,” or digital versions of shares from one of the asset manager’s funds. The asset manager used…

Nothing to see here: OpenSea denies exec involved in $60M rug pull: Nifty Newsletter

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Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how an art gallery in Dubai plans to educate artists about nonfungible tokens (NFT) and Web3, and why NFT marketplace OpenSea said it’s unaware of any involvement of a former executive in a $60 million rug pull. Check out what happened with the Astrology-themed…

Jim Cramer Doesn’t Know Bitcoin

The veteran blow-hard, former trader and CNBC host was talking about hedge investments at a time of inflation and economic turmoil. He told his audience that they would be better putting money into gold, the traditional safe-haven, rather than crypto. “The charts…suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you should stick with gold,” he said. Source

An Examination Of Their 3 New Altcoin Targets

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Savvy crypto investors—often dubbed “crypto whales” due to their sizable holdings, which can influence market trends have recently been setting their sights on a select group of altcoins, potentially aiming to capitalize on their prospective gains. Recent developments, such as the US Federal Reserve’s (Fed) hint at pausing rate hikes and speculations around the approval of more futures exchange-traded funds (ETFs) in the U.S., are suspected to be the catalysts steering crypto whale interests, according to Marti, a recognized voice from the Altcoin Buzz YouTube channel. Notably, Macroeconomic events have…

CoinMarketCap launches ChatGPT plugin

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Crypto data aggregator CoinMarketCap, owned by crypto exchange Binance, has created a novel plugin for the large-language model (LLM)-based AI chatbot ChatGPT. According to the Oct. 11 announcement, users can access the feature by signing in to their ChatGPT Plus account and simply enabling the plugin, allowing them to ask the LLM a variety of crypto-related questions. There is no additional fee to use the plugin, aside from the $20-per-month subscription fee for ChatGPT Plus. “The base ChatGPT has limited use to crypto enthusiasts, as data is mostly restricted up…