Day: November 2, 2023

BTC price cools off, but ‘You can never have too much Bitcoin,’ says Saylor

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This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the rally remain valid.  Despite the intraday price action, which saw a 4.67% drawdown, a number of analysts remain bullish on Bitcoin, and some expect another “gamma squeeze” if BTC price manages to push through the…

Fidelity executive calls Bitcoin “exponential gold”

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Fidelity Investments executive Jurrien Timmer compares Bitcoin to “exponential gold,” emphasizing its potential to surpass gold’s value in response to certain economic conditions. Fidelity Investments’ Director of Global Macro Jurrien Timmer offers a perspective that sees Bitcoin as an “exponential gold,” highlighting its potential to outpace the value increase of gold under specific economic scenarios. Bitcoin is on the move again (following the pattern of previous boom-bust cycles, so far). What to make of it? Let’s revisit my thesis from late 2020: 🧵 pic.twitter.com/gNFtbOScr2 — Jurrien Timmer (@TimmerFidelity) November 1,…

Solana (SOL) Price Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?

Lookonchain pointed out that the last two Novembers have not been good ones for SOL. While the reasons seem obvious – early November 2021 was the epic top of the entire cryptocurrency market and November 2022 included the FTX meltdown – Lookonchain noted that the Solana Breakpoint conference, an annual gathering for the ecosystem, is an early November event (this year’s version is currently taking place in Amsterdam) and has coincided with local tops in price. Source

Discredited Crypto Terrorist Funding Figures Gain Fresh Life in U.S. House Hearing

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XRP, TON win approval in Dubai International Financial Centre free trade zone

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The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC).  The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There are over 4,000 companies located in the special economic zone. Ripple opened its MENA headquarters in the DIFC in 2020. About 20% of Ripple customers are in that…

Aragon Association to dissolve, will disburse $155M in assets to tokenholders

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The governing body for the aragonOS software will dissolve, distributing most of its assets to tokenholders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to tokenholders as it unwinds. We have an important update for all stakeholders of the @AragonProject. We passed a resolution to: – Deploy most of the treasury to allow all ANT holders to redeem their ANT for ETH– Dissolve the AA– Continue…

Celestia Price Prediction as TIA Pumps 15%; Which Cryptos Could Surge Next During the Bull Run

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The price of Celestia (TIA) has surged over 15% since yesterday, making it one of the biggest gainers on CoinMarketCap. With the TIA token now hovering around $2.50, early investors are wondering just how high its price could go in the remaining weeks of 2023. This article will take a closer look at Celestia’s price action, forecast where the token could be headed next, and highlight some of the most promising new cryptocurrencies that could be primed for a significant breakout. Celestia’s TIA Token Surges After Mainnet Launch – Can…

Law professor says blockchain tech could ‘revolutionize’ copyright offices

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.”  Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&M University School of Law’s Center for Law and Intellectual Property, and the paper’s sole author, asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual…

Solana Whales Deposit To Exchanges, Selloff Incoming?

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Data shows Solana whales have made large transactions towards exchanges during the past day, which could signal a selloff. Solana Whales Have Deposited Tokens Worth $34.1 Million To Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a few large SOL transfers have occurred on the Solana blockchain during the past day. Three of the transactions were all headed towards a centralized exchange: Binance. The first of these saw the movement of 256,652 SOL (worth about $11.3 million at the time of the transfer), the second 249,999…