Day: October 28, 2023

Google to invest another $2B in AI firm Anthropic: Report

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Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by the Wall Street Journal (WSJ), which cited people familiar. The mega-deal adds to Google’s $550 million investment into Anthropic earlier in the year. Google Cloud also striked a multi-year deal with Anthropic a…

Floki up 13% as devs launch RWA platform

Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum…

Leading The Charge In The Crypto Market

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Over the last month, Bitcoin’s price has seen a significant surge. Its price has increased by 30%, reaching a new yearly high of $35,000, 10% above its previous peak this year. Interestingly, while the growth of Bitcoin is clear to see, the broader cryptocurrency market hasn’t quite managed to keep up. Altcoin Market Cap The Altcoin market cap, which is the total cryptocurrency market cap excluding Bitcoin, has been trading within a descending triangle. This pattern, characterized by its lower highs and equal lows, often indicates a bearish trend in…

How to safeguard assets if your crypto exchange is in trouble

Discover how to protect your crypto and recognize the early signs of a potential exchange collapse in this essential guide. The downfall in November 2022 of the FTX crypto exchange is a stark reminder of the risks inherent in this high-stakes financial sector.  The rapid fall, sparked by revelations of questionable financial health, left investors scrambling, underscoring the necessity for robust contingency planning.  Understanding the impacts of such a collapse, recognizing the warning signs, and knowing how to prepare can be the difference between safeguarding your assets and financial ruin.…

Wall Street Journal corrects article misciting Hamas’ crypto terrorism funding data

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The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies. The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to say Palestinian Islamic Jihad (PIJ), a terrorist organization operating on the Gaza Strip, raised as much as $93 million between August 2021 and June 2023. In the cited report, Elliptic said Israel’s counter-terrorism unit seized PIJ-linked wallets which received…

Neo, Floki and Injective lead top gainers in the last 24 hours

Following a Bitcoin price surge over $35,000, a number of other assets have taken on a bullish momentum. Looking at price data from CoinMarketCap, top gainers in the last day include Neo, the Ethereum of China, Floki and Injective. Double-digit gains Neo has reported the biggest gainer on the top 100 crypto assets in the past week, growing 16.35 percent in the last 24 hours, claiming a price of $9.00 at the time of writing. Top Crypto Gainers And Losers Today | Source: CoinMarketCap Sitting below NEO is Floki, which…

After A 170% Spike, Is The Maker (MKR) Dream Rally Over?

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After rallying over 170% from June 2023 lows, there are signs that Maker (MKR) bulls are losing momentum, looking at price action and decisions by various whales acting via an intermediary. At spot rates, MKR is changing hands at near 2023 highs but is down 16% from October highs.  Maker (MKR) Is Selling Off: The Bull Run Is Over? MKR is dumping at an unexpectedly faster pace, reversing gains posted in early Q4 2023, a concern. According to The Data Nerd, Falcon X sent 5,690 MKR worth $8.52 million to multiple…

Bitcoin On-Chain Data Points To Bullish Outlook, But There’s A Catch

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Santiment, a leading blockchain intelligence platform, has recently provided insights pointing to a favorable short-term scenario for Bitcoin (BTC). However, according to other signals that seem ‘hidden,’ there’s a catch. These on-chain metrics can serve as the north star for investors looking to strategize their next steps. However, according to another metric, though recent revelations by Santiment might hint at continued positive momentum for Bitcoin, there’s also a possible contrary move that could play out. Bitcoin Sentiments Bullish On-Chain Indications Santiment’s recent post revealed a positive narrative for BTC’s immediate…

Gemini sues Genesis for $1.6b GBTC shares ownership

Gemini wrote to a federal judge asking the bankruptcy court to invalidate any claims Genesis has to a trove of Grayscale Bitcoin Trust (GBTC) shares in an ongoing dispute between both the two crypto entities. The lawsuit filed on Oct. 27 seeks ownership over some 60 million GTBC shares offered as collateral by Genesis Global, a now-defunct crypto lender under the Digital Currency Group (DCB) umbrella and Gemini’s former partner for its Earn program. Gemini said the GBTC shares worth $1.6 billion “would completely secure and satisfy the claims of…

Crypto Analyst Says Prepare For 50% Drop

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Trellor (TRB) has been one of the winners of the recent crypto market rally after going from a monthly low of $43 to over $115 in less than two weeks. This impressive rally has triggered heightened interest in the cryptocurrency leading to more momentum for the digital asset. However, not everyone is buying into this bullish fantasy as one crypto analyst has predicted a rapid decline in price for the digital asset. Why The Price Of Trellor Will Crash A TradingView crypto analyst has given reasons for why they see…