Day: October 30, 2023

Bitcoin’s bull move might not be over yet — Here are 3 reasons why

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The bullish momentum that propelled the price of Bitcoin (BTC) to a year-to-date high continues into its third week as it presses toward the $35,000 handle.  Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day moving average and 200-day moving average on the daily timeframe. Liquidity maps from DecenTrader and Kingfisher highlighting the potential for a short squeeze in the $36,300–$40,000 range if Bitcoin’s price manages to blitz the $36,300 level. Options market data highlighting a shift in investors’ sentiment and positioning.…

G7 Nations Forge Ahead with AI Code of Conduct

The G7’s AI Code of Conduct emerges at a time when governments worldwide are grappling with the transformative power of AI. The Group of Seven (G7) industrial countries, consisting of Canada, France, Germany, Italy, Japan, Britain, the United States, and the European Union is set to make a significant stride in the Artificial Intelligence (AI) development space. As of October 30, G7 nations are expected to agree upon a comprehensive AI code of conduct, a crucial framework designed to guide developers in the responsible creation and deployment of AI systems.…

Can Bitcoin fix this? Cointelegraph Cape Verde video

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Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress. In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and opportunities faced by small island nations worldwide. Cape Verde, officially the Republic of Cabo Verde, is an island nation in the central Atlantic Ocean. Cape Verde comprises 10 main islands and several smaller islets, sitting 570 kilometers (350 miles) west of Senegal, West Africa. Hall discovers that more Cape…

OKX Latest Proof of Reserves Shows Exchange Over-collateralized

Although in the immediate aftermath of FTX there was a concern that Sam Bankman-Fried had made the case for decentralized exchanges (DEXs) – and those fears still resonate with some consumers – the data shows that centralized exchanges (CEXs) are very much alive and well. “I think there are advantages of being a centralized exchange for a trader for an investor,” Rafique said. “Centralized exchanges have the ability to work with market makers and cater to a diverse customer base, including retail, institutional, and high net worth customers, while also…

This Chart Makes It Clear: Bitcoin Is Bullish

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When Bitcoin price action is sideways and directionless for the better part of a year, bulls and bears argue over which direction will be ultimately chosen. However, considering macro conditions like rising interest rates, a sinking stock market, and mounting ting debt, bears aren’t ready to throw in the towel. But they might want to after seeing this chart. Bitcoin Price Chooses A Direction: Up And Away Bitcoin and other cryptocurrencies are normally notoriously volatile. But volatility has dwindled to next to nothing since the FTX collapse struck. Few have…

Singapore, UK, Swiss, and Japan Regulators Collaborate on Asset Tokenization Pilots

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The MAS’ announcement mentions the Financial Services Agency of Japan (FSA), the United Kingdom’s Financial Conduct Authority (FCA), and the Swiss Financial Market Supervisory…

PancakeSwap adds portfolio manager function in partnership with Bril

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Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an Oct. 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are deposited, they go into a liquidity provision algorithm with automatic rebalancing. The development teams for PancakeSwap and Bril claim that this system will allow users to get higher risk-adjusted returns compared to other methods. PancakeSwap user interface. Source: PancakeSwap. According…

What’s Behind The Double-Digit Surge?

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Artificial Intelligence crypto coins have recently experienced a significant surge in the market, drawing the attention of investors and enthusiasts alike. The sudden upward trajectory of these digital assets has raised questions about the underlying factors driving this extraordinary momentum.  While the domain of artificial intelligence (AI) has rapidly expanded in recent times, its intersection with the world of cryptocurrencies has become a focal point of interest and speculation. The surge in AI crypto coins, including Injective (INJ), The Graph (GRT), Render (RNDR), and Fetch.ai (FET), has been remarkable over…