Day: October 17, 2023

Crypto Research Firm Predicts 200% XRP Price Rally To $1.5

As the XRP price and its future trajectory continue to be a hot topic for debate, crypto research firm Sistine Research has weighed in on this debate using technical analysis. XRP holders are set to love this one, as their prediction is bullish.  Where Is XRP Price Headed? In a post shared on the X (formerly Twitter) platform, Sistine Research stated that, despite the current market outlook, XRP is one of the tokens with a bullish chart in the crypto market as of now.  Their bullish sentiment was projected in…

Bitget Reveals Its Card Plans at Dubai’s Future Blockchain Summit

At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry.  Seychelles-based cryptocurrency exchange Bitget is taking part in the Future Blockchain Summit being held in Dubai from October 15 to October 18. The participation marks the company’s expansion into the Middle East region announced earlier this year. During the event, the company revealed its plans to launch a Bitget Card – a premium crypto-backed…

Video Editor CapCut Adds AI Ad Scripting for Businesses and Creators

One of the new tools is an AI-powered script generator designed to help advertisers generate script ideas based on prompts that describe the product or business. Video editing app CapCut is expanding its offerings to include AI-powered business tools. CapCut, which is owned by ByteDance, is the company’s second app, after TikTok, to hit $100 million in customer spending. The video editing app features easy-to-use templates, TikTok integration, and AI effects and filters. It usually ranks in the top 10 or 20 apps in the iOS App Store and has…

FTX Chief Engineer Reveals Reckless Spending by SBF on Deals and Sponsorships

Former FTX’s head of engineering Nishad Singh spills the beans over reckless expenditure of customers’ funds by Sam Bankman-Fried. He also admits to being part of these crimes. During his trial at the Manhattan Federal court on Monday, October 16, FTX chief of engineering Nishad Singh disclosed the reckless spending by SBF and his associates. Singh said that FTX under the disgraced founder Sam Bankman-Fried spent huge sums of money on real estate, campaign donations, celebrity endorsements, and venture investments. Nishad Singh’s testimony comes just days after SBF’s ex-girlfriend Caroline…

Bitcoin (BTC) Prices Hover Over $28K as Bulls Remain Unfazed by ETF Rumor-Driven Market Whirlwind

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“Relative to other assets, the risk vs. reward (or upside vs. downside) of crypto looks much better relative to other asset classes,” said Solo Cessay, co-founder of social app Calaxy, in a note to CoinDesk. “Crypto looks like it has the best upside vs. downside potential, given the current asset prices. Real estate, the S&P 500 – everything is still trading near all-time highs.” Original

Meta’s Stealth Approach to AI Points to Higher Revenue in Fiscal Year 2024

Meta intends to commercialize the Llama 2, its large language model (LLM), as it focuses on the metaverse as the bigger picture amid mainstream adoption of generative AI technologies. Meta Platforms Inc (NASDAQ: META) has undeniably enjoyed a profitable YTD with a strong interaction recorded in its family of applications. According to the company’s recent quarterly earnings report, its daily active users are about 2.06 billion and its monthly active users stand at around 3.03 billion. With a revenue of around $32 billion, the company highlighted that the products in…

LinkedIn Dismisses Nearly 700 Employees, Says Company’s Priorities Changed

LinkedIn assures of its commitment to ensure that the affected employees have a soft landing, promising to treat them with utmost care and respect. Microsoft-owned LinkedIn has announced its decision to relieve another 668 employees of their duties with the company. The announcement, which was shared via a Monday memo, follows an earlier layoff that saw the professional social network announce 716 job cuts in May. According to sources familiar with the company’s decision, the latest layoff will affect LinkedIn’s engineering unit the most. However, the cuts also extend to…

Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news

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Fake news on Bitcoin ETF, initially posted by Cointelegraph, forced a whale to buy an astounding amount of Bitcoin Futures. A whale made a Bitcoin (BTC) futures purchase of $5.7 billion following the false report suggesting that BlackRock, the world’s largest asset manager, had obtained approval for a BTC spot exchange-traded fund (ETF).  Ki Young Ju, co-founder and CEO of market resource CryptoQuant, highlighted this development on X. Bitcoin’s pump on the back of the false ETF report had catalyzed a high trading activity and short liquidations. Ju confirmed that…

XRP Path To Recovery: Will $0.5 Be Conquered?

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XRP, the cryptocurrency associated with Ripple, has been grappling with renewed supply pressure, with its price circling around the $0.5 mark, indicating that the prevailing downtrend is likely to persist. The recent pressures led to the breaking of a crucial support trendline associated with an ascending triangle pattern. This breach is a clear signal of potential bearishness for XRP in the near term. An ascending triangle pattern is a technical chart formation frequently observed in financial markets. This pattern suggests a potential bullish breakout and often serves as an indicator…

Crypto market sees massive ‘pump and dump’ amid fake Bitcoin ETF news

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The cryptocurrency ecosystem witnessed “pump and dump” after false news around the BlackRock Bitcoin (BTC) spot exchange-traded fund (ETF) emerged on Oct. 16. According to CoinMarketCap (CMC), the global crypto market capitalization reached a two-week high of $1.12 trillion just a few minutes after Cointelegraph shared the fake news of the iShares BTC ETF approval.  Crypto market cap briefly touching $1.12b | Source: CoinMarketCap The 24-hour trading volume of the digital currency market also reached a local top of around $63 billion. However, after BlackRock officially denied the approval of…