Since Hamas stormed into Israel 10 days ago, triggering a war and a siege of the Palestinian enclave of Gaza, Israeli law enforcement has been working with the public and crypto firms to block fund flows to the group, classified as a terrorist organization by the U.S., U.K. and many other jurisdictions worldwide. Source
Day: October 17, 2023
Long-term Bitcoin holders prop prices above $27K; AI coin drawing whales
Amidst the bearish sentiment in crypto, Bitcoin (BTC) remains resilient. This strength can be attributed to long-term holders’ commitment and unwavering support for the world’s first coin. Currently, Bitcoin is above the $27,000 mark. Meanwhile, a newcomer at the intersection of artificial intelligence (AI) and blockchain, InQubeta (QUBE), has managed to capture the attention of whales. This article will delve into Bitcoin’s resilience and explore why InQubeta is attracting attention, especially from whale investors in the ongoing presale. Let’s dive in. InQubeta: why are whales interested? InQubeta lies at the intersection…
Lido Finance Sunsets Solana (SOL) Staking Product After DAO Vote
A proposal floated by P2P Validator, the developers who built the product on Lido in early September, revealed that they took losses of over $480,000 in the past year against the $700,000 spent to build the product. It shared concerns about being unable to achieve objectives in the next year, citing difficult market conditions. Source
Roblox integrates XRP as payment method
Roblox, an online game platform with over 200 million monthly active users, now accepts XRP (XRP) as a payment method, according to an Oct. 17 announcement from BitPay on X (formerly Twitter). News Alert @Xsolla now accepts XRP(@Ripple) with BitPay as a payment method for their games, such as @Smitegame and @Roblox. You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.#BitPay #crypto #Smite #Xsolla #Roblox pic.twitter.com/NAg2EyOVGM — BitPay (@BitPay) October 17, 2023 XRP as a payment option is now supported by the company, which…
Pension funds could use AI to cut costs, increase returns, says report
Artificial intelligence (AI) could be used by pension funds to cut costs, increase investment returns, and highlight possible risks, but there are still “significant challenges to overcome” with its use, said the Mercer CFA Institute global pension report. On Oct. 17, the annual joint report from the consulting firm and investment professional association marked AI as useful for helping pension fund managers trawl through massive amounts of data that could highlight opportunities and build custom investment portfolios. “AI will affect the operations of pension systems around the world,” lead author…
Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had since stabilized around $28.2k on Tuesday, but notable damage had already been done to leverage traders. According to market aggregate data provided by Coinglass, more than $111 million was liquidated from the Bitcoin market in the past 24 hours.…
Solana (SOL) Price Primed For 50% Surge: Here’s Why
Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL iHS alert. Chart is the chart, love it or hate. Looks a helluva lot better than spot ETH that’s for sure.” Solana Poised For A 50%+ Rally? After reaching a peak of $260 in November 2021, the Solana price experienced a steep decline in value, plummeting to a low of $8…
Rising Bitcoin (BTC) Dominance Rate Puts Altcoins Rally, Which Started in 2021, At Risk
According to technical analysis by Fairlead Strategies, it’s likely to continue in the coming days, reversing the decline from 60% to 40% seen during the hazy crypto bull market days of March-April 2021. Investors then rotated money from the relatively expensive bitcoin into altcoins, leading to a decline in BTC’s dominance rate. Original
FTX Plans to Return 90% of Customer Funds, But There's a Catch
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved. Source
Trust Wallet announces rebranding and interface update
Trust Wallet crypto wallet has redesigned the application and updated the user interface. The changes will affect the logo, application design and functionality. The new slogan of the project is “Trust yourself.” The idea behind the rebranding is to combine a simple and accessible interface with reliable functionality. Among other things, it is aimed at attracting a new wave of users to web3, the project team emphasized. The new appearance of Trust Wallet is made in a two-color palette of Trust Blue and Green. All interfaces adapt to both light…