Day: November 3, 2023

Canada reported top country for spot Bitcoin ETFs

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According to a CoinGecko report dated Nov. 3, only 8 countries around the world offer spot Bitcoin ETFs.  Of these countries, Canada is ranked in the top spot for having seven spot Bitcoin ETFs worth a total of $2 billion in total assets. Canada and Europe lead Data from the report shows that Canada and Europe are the main markets for spot Bitcoin ETFs, with the seven in Canada and 10 in Europe. Since spot Bitcoin ETF assets amount to $4.16 Billion globally in total assets across 20 available offerings,…

Jack Dorsey’s Block stock jumps as Cash App’s Bitcoin revenue hits $2.42b

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Block, Inc. reported a significant 37% increase in Bitcoin revenue in Q3 2023, reaching $2.42 billion, with an overall net revenue boost of 24% to $5.62 billion year-over-year. Block, Inc., spearheaded by Jack Dorsey, has made headlines with a notable 37% surge in Bitcoin (BTC) revenue in Q3 of 2023, amassing $2.42 billion as opposed to the $1.77 billion reported in the same quarter of last year. This leap in revenue is paralleled by a 22% increase in Bitcoin gross profit, escalating from $37 million in Q2 2022 to $45…

Charles Hoskinson Takes The Stage, A Conversation With SingulariyNET

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In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development. 🎉 Kicking off the Networking Soirée in Dubai! #CardanoSummit2023 pic.twitter.com/6KwkVHSlZo — Cardano Foundation (@Cardano_CF) November 2, 2023  What’s Missing In The Cardano Ecosystem? The Cardano Summit 2023 began with a networking soirée leading to…

“Bitcoin is the only asset to store for the next 10 years”

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Cathie Wood of ARK Investment Management champions Bitcoin over gold and cash as a long-term hedge against deflation, in light of technological advancements. In a recent podcast with Bloomberg’s Merryn Somerset Webb, CEO of ARK Investment Management Cathie Wood shared her conviction in Bitcoin as the prime asset for potential deflation hedge over the next decade. Wood’s stance comes amidst a market climate heavily leaning towards the risks of heightened inflation, yet her bet on deflation is unwavering, citing transformative technologies like artificial intelligence, electric vehicles, robotics, genomic sequencing and…

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

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2023 was anticipated to be the comeback year for Bitcoin (BTC). Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more than 150 winning alerts so far this year.  Smart investors are not sitting on the sidelines and waiting for legacy coins to pop. Instead, they rely on Markets Pro — the breakthrough AI-powered crypto trading…

Understanding Bitcoin’s recent market dynamics and price predictions

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Bitcoin’s price rally mirrors investor optimism, with the Fear and Greed Index reaching highs not seen since November 2021. What’s next? Bitcoin’s (BTC) price trajectory from October to early November exhibits a commendable uptrend, marking approximately a 34% increase from the $27,000 range at the start of October to a 16-month peak of $35,919 on Nov. 2. However, the atmosphere has cooled somewhat amid the volatility sparked by the trial of cryptocurrency figure Sam Bankman-Fried, with Bitcoin’s value adjusting to the $34,200 mark as of Nov. 3. The rally seen…

Valkyrie’s McClurg expects spot Bitcoin ETF approval in November 2023

Steven McClurg, co-founder of Valkyrie Investments, believes the U.S. Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded fund (ETF) applications in November 2023.  In his assessment, firms have addressed all the issues of market manipulation raised by the regulator.  By McClurg’s estimation, the regulator may send another round of comments to those who submitted for the ETFs in the next one to three weeks, followed by approval of 19b-4 rule changes in November 2023.  However, the market will likely see spot Bitcoin ETFs in February 2024. This comes…

Validation Cloud Launches Staking-as-a-Service Platform for Institutional Investors

Several key features of the platform make it ideal for institutional staking providers. For instance, it enables bulk validator deployment, allowing institutions to launch a large number of validators at the same time. Validation Cloud, a Web 3.0 infrastructure platform, recently launched a staking-as-a-service platform for institutional clients. This platform enables institutions to use multiple validators at the same time and earn rewards by automating smart contract activities. This staking service is non-custodial, which means it has no control over the assets staked. Key Features of the Validation Cloud’s Institutional…

Singapore Police Issue Warning Over WhatsApp Phishing Scam That Saw Actress Aileen Tan Targeted

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