Day: October 18, 2023

QCP Capital does not anticipate any Bitcoin ETF approval in Q4 2023

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QCP Capital’s Q4 2023 forecast warns of volatility in Bitcoin and equities, citing macro factors and geopolitical tensions as key drivers while dismissing hopes for ETF approval.  Singapore-based QCP Capital has issued a Q4 2023 forecast underscoring the uncertain landscape for Bitcoin (BTC) and equities. The firm indicated that Bitcoin’s price is currently driven by anticipation of a BTC spot ETF approval by the SEC. However, QCP Capital does not expect any approval to happen this year, leaving Bitcoin’s price at the mercy of macroeconomic conditions. The firm is bearish…

Expert Trader Identifies 6 High-Potential Altcoins To Watch

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In its latest update on October 18, renowned crypto analyst Rekt Capital has highlighted six altcoins that have caught his attention, showing potential for the remainder of 2023, Ocean Protocol (OCEAN), Dogecoin (DOGE), Woo Network (WOO), Verasity (VRA), Stellar (XLM), and Injective (INJ). Mixed Signals For Dogecoin Rekt Capital’s analysis suggests a crucial moment for the Ocean Protocol. Whether the current price deviation will result in a downside wick below the red channel placed at $0.2763 or if the price will close below it weekly.  While a downside wick followed…

ECB officials move to ‘preparation phase’ for digital euro

The governing council of the European Central Bank (ECB) has announced it will begin the ”preparation phase” for the digital euro project following a two-year investigation. In an Oct. 18 notice, the ECB said it plans to “start laying the foundation for the possible issuance of a digital euro” beginning on Nov. 1, adding the issuance of a central bank digital currency (CBDC) was not a foregone conclusion. The announcement followed the release of a 44-page report on a potential digital euro’s design and distribution. The preparation phase, as the…

Meta makes progress towards AI system that decodes images from brain activity

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The new system combines a non-invasive brain scanning method called magnetoencephalography (MEG) with an artificial intelligence system. A typical MEG imaging machine. Image public domain, source: NIMH/Wikipedia This work leverages the company’s previous work decoding letters, words, and audio spectrograms from intracranial recordings. According to a Meta blog post, “This AI system can be deployed in real time to reconstruct, from brain activity, the images perceived and processed by the brain at each instant.” A post from the AI at Meta account on X, formerly Twitter, showcased the real-time capabilities…

Ethereum DeFi protocol Hope Lend drained after exploit

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Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack. According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat the original hacker after discovering the exploit and the original hacker themselves — stole a combined 526 Ether (ETH) from Hope Lend, worth $825,357 at the time of publication. “The successful attacker gained 264 ETH and paid a 263 ETH bribe to an ETH validator,” wrote CertiK.  Hope.money, the DeFi protocol’s developer, presented a different…

When Will Bitcoin Price Reach $1,000,000? Pundit Lays Out A Timeline

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Since the Bitcoin Price crossed $50,000 back in the 2021 bull market, there have been speculations on when the price will hit $100,000, and on the other extreme end, $1,000,000. Over time, various analysts and pundits have put forward their forecasts, but the most recent of these is from budding economist Alessandro Ottaviani who believes BTC could hit the $1 million mark in the next three years. Bitcoin Price On Its Way To $1 Million Ottaviani starts out his X (formerly Twitter) post by pointing out that the Bitcoin market…

Nifty Newsletter, Oct. 11–Oct. 17

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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 a parliamentary committee in the U.K. has urged officials to take action on nonfungible token (NFT) copyright infringement issues. Check out a Web3 executive’s thoughts on how the NFT market slump is actually a sign of maturity, and in other news, learn more…

Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment

Bitcoin (BTC) price continues to show strength this week by hitting an intra-day high at $28,516 even as macroeconomic headwinds in the United States continue to weigh on investor sentiment. It’s possible that a certain degree of BTC’s price stability can be attributed to increasing institutional activity and positive institutional investor interest in Bitcoin.  On Oct. 17, Fidelity Investments, a large asset management institution, amended their proposed spot Bitcoin ETF with the Securities and Exchange Commission (SEC). The ETF called the Wise Origin Bitcoin Trust, updated and outlined how Fidelity…

Silk Road Hacker Jimmy Zhong Arrest Details Come to Light

“The government has certainly not been hurt by Jimmy’s conduct whatsoever,” Zhong’s attorney Michael Bachner told CNBC. He noted that if the government had gotten its hands on those 50,000 bitcoins at the time of Silk Road operator Ross Ulbricht’s arrest, it would have sold them for about $320 per coin, or roughly $14 million. “As a result of Jimmy having them, the government has gotten a $3 billion profit,” Bachner said. Source