Day: November 2, 2023

‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%

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Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency. Fam I have something embarrassing I must admit. I just bot $SOL, I know its a Sam-coin piece of dogshit L1 that at this point is just a meme. But it is going up, and I’m a degen. Let’s Fucking Go! — Arthur Hayes (@CryptoHayes) November 2, 2023 SOL’s price has rallied 500% in 11 months Hayes’ self-admitted SOL purchase occurred…

4 signs Bitcoin is starting its next bull run

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As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away. BTC price historical patterns, halving Bitcoin’s (BTC) price trends often exhibit cyclical behavior. Analysts have drawn parallels between the current price trajectory and historical patterns, suggesting a potential bullish cycle reminiscent of 2013 to 2017. BTC/USD 1-month chart (Bitcoin halving marked in yellow). Source: TradingView Similarly, Bitcoin’s historical bull runs tend to follow four-year cycles, often…

Nym Plans Early 2024 Rollout of ‘Decentralized VPN’ NymVPN

“This brings together a decentralized VPN and a mixnet on the same network to offer users the highest level of privacy and security for all their online activities,” according to a press release. “Unlike centralized VPNs, which funnel all your data through a single server, the NymVPN disperses your traffic across a network of nodes.” Source

Over half of musicians concerned over audience perception of AI use: Survey

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As artificial intelligence (AI) continues to permeate various sectors worldwide, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists.  In a recent survey released by the private music studio house Pirate, 53% of respondents said they have “concerns about how their audience might perceive music created with the assistance of AI.” The survey reached 1,141 of its artists across the United Kingdom, United States and Germany — including band members, singer-songwriters, producers, instrumentalists and rappers. It also revealed artists’ hesitancy to employ…

MicroStrategy buys $5.3m in Bitcoin, bringing total holdings to over 150,000 BTC

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Since the end of Q2, 2023, MicroStrategy acquired a total sum of 6,067 BTCs at $27,531 price per each. MicroStrategy shows no signs of letting up on its crypto strategy with an additional purchase of 155 BTC for $5.3 million in October 2023. According to the firm’s Q3 2023 earnings report, MicroStrategy is now holding 158,400 BTC worth more than $5.6 billion as of press time. MicroStrategy CEO and President, Phong Le, said the Tysons-headquartered firm is “well situated to capitalize on both the tailwinds in Bitcoin and growth in…

Dubai VARA grants ‘initial approval’ to crypto firm WadzPay

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The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “initial approval” license to crypto firm WadzPay, marking a pivotal step in the company’s journey toward obtaining a Virtual Asset Service Provider (VASP) license for virtual asset services and activities. According to the announcement, Wadzpay’s VARA license allows it to commence preparations to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The VARA license does not allow the company to offer any other of its virtual asset products and services. The…

‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal – Cointelegraph Magazine

Read Part 1 here: Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal Growing up in poverty in a Delhi ghetto with an alcoholic father and an illiterate mother, Sandeep Nailwal has always had a fire in his belly to achieve something better. He wants to go big or go home — middling success is not an option. “I am not doing something small,” he tells Magazine. “Okay, we build some network, and it has a token. It does well for one cycle and then fades into the dawn, and…

Citadel, Fidelity-backed EDX Markets delists Bitcoin Cash

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Institutional crypto exchange EDX Markets removed Bitcoin Cash from its website after listing BCH at launch. EDX Markets, an institutional crypto exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation and others, has removed Bitcoin Cash (BCH) from its website, first noted by crypto reporter Colin Wu. In an interview with Digital Assets, Jeanine Hightower-Sellitto, Chief Strategy Officer of EDX Markets, confirmed the removal, saying that “EDX is not currently supporting BCH,” without going into details. As of press time, spokespersons for Bitcoin Cash made no public statements…

3 Satoshi Era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

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Three Satoshi Era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transferred 6,500 BTC, estimated to be worth $230 million, on Nov. 2. Satoshi Era BTC refers to the very early stage of Bitcoin network when it was still relatively unknown. According to data from Bitinfocharts, the first wallet moved 2,550 BTC, estimated to be worth $90 million. A second address moved around 2,000 BTC worth $71 million, and the third address transferred around 1,950 BTC worth $69 million. All three wallets had another thing in common,…