Day: November 1, 2023

Turkey in “Final Stage” of Bringing Crypto Legislation as Last Step to Get off FATF’s Grey List: Minister

CryptoX – Cryptocurrency Analysis and News Portal “We will submit a law proposal on crypto-assets to the parliament as soon as possible,” Simsek said, according to CryptoX Turkey. “After that, there will be no reason for Turkey to stay in that grey list, if there are no other political considerations.” Source The post Turkey in “Final Stage” of Bringing Crypto Legislation as Last Step to Get off FATF’s Grey List: Minister appeared first on CryptoX. CryptoX Portal

Thorchain Beats Rivals In Top 100 Coin Rankings With 34% Rally

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Over the past week, the market has exhibited a pattern of lateral movement, particularly noticeable in the top cryptocurrencies which have shown a downtrend in their pricing. Notably, THORChain has emerged as the standout performer, demonstrating significant strength by surging over 5% in value within the last day, and an impressive 34% increase over the course of the week. RUNE Soars Over 270%: A Thrilling Journey Of Value Surge Recently, the RUNE token on THORChain has seen a tremendous ascent. It started off on a fantastic trajectory, rising from a…

Russian bank begins tracking customer crypto activities

By tracking crypto transactions, the Russian government seemingly wants to make a regulatory field for state corporations to enter the market. A Russian bank has started tracking its customers’ activities in crypto as the government desires to form regulatory conditions for state corporations to enter. In an interview with Russia’s state newspaper, Parlamenstakaya Gazeta, Russian lawmaker Anton Tkachev said the initiative is just a pilot so far, but eventually the system might be rolled out at the state level should the pilot be a success. Tkachev did not disclose the…

XRP Price Prediction – A Strengthening Case For Rally Above $0.62

XRP price is correcting gains from the $0.620 resistance against the US Dollar. The price might test the $0.5760 support, where the bulls could take a stand. XRP started a strong increase above the $0.580 resistance. The price is now trading above $0.585 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5760 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.5760. XRP…

Cardano Experiences Decline In Q3 Activity

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Cardano, one of the prominent blockchain networks, experienced a mixed bag of performance during the third quarter of the year, leaving investors and enthusiasts intrigued about its future trajectory. While certain metrics presented a less-than-stellar picture, there are emerging indicators that suggest the potential for a positive turnaround.  In this article, we look into Cardano’s Q3 performance, examining stagnant metrics, the impact they have had, and the potential price direction that could shape its future. The Impact Of Stagnant Metrics In the realm of cryptocurrencies, metrics play a crucial role…

Ethereum Price is About to See “Liftoff” if It’s Able to Hold One Crucial Level

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Ethereum price is still struggling to clear the $1,850 resistance against the US dollar. ETH might rally again if it clears $1,820 and $1,850. Ethereum is still facing a key barrier near the $1,850 zone. The price is trading above $1,785 and the 100-hourly Simple Moving Average. There is a major rising channel forming with support near $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase if it clears the $1,820 resistance. Ethereum Price Remains Supported Ethereum started a slow and steady…

AI chatbots are illegally ripping off copyrighted news, says media group

Artificial intelligence developers heavily rely on illegally scraping copyrighted material from news publications and journalists to train their models, a news industry group has claimed. On Oct. 30, the News Media Alliance (NMA) published a 77-page white paper and accompanying submission to the United States Copyright Office that claims the data sets that train AI models use significantly more news publisher content compared to other sources. As a result, the generations from AI “copy and use publisher content in their outputs” which infringes on their copyright and puts news outlets…

Frax Finance Says its Domain Name Has Been Hijacked

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Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $35K

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Bitcoin price is still struggling to clear the key $35,000 resistance. BTC might correct lower and revisit the $34,000 support zone if it continues to struggle near $35,000. Bitcoin is still facing a major hurdle near the $35,000 resistance. The price is trading above $34,250 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $34,260 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might remain active near $34,000. Bitcoin…