Day: November 6, 2023

GROK Tokens Emerge on Blockchains after Musk’s AI Chatbot Announcement

GROK on the Base network has reached a $4.32 million capitalization where it has exceeded $3.5 million in trading volumes in the past 24 hours. Anonymous developers have unveiled different GROK tokens on various blockchains over the weekend. The tokens began to pop up after Elon Musk announced the beta launch of its AI chatbot Grok. Modeled after the Hitchhiker’s Guide to the Galaxy, Grok is designed to answer questions with wit and humor. It can also suggest questions to ask and engage in a dynamic conversational experience. According to…

Chainlink Bullish Run: Is $15 On The Horizon Amidst Strong Recovery?

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Chainlink (LINK) has witnessed a noteworthy surge in its price over the past week, defying the increasing overhead supply pressure that typically exerts downward force on cryptocurrencies. Despite these challenges, LINK’s price has managed to maintain a slow yet steady rally, driven by the influence of a rising channel pattern. As of the latest data from CoinGecko, Chainlink is currently trading at $12.44, marking a 1.3% gain in the last 24 hours and a remarkable 12.9% rally over the past seven days. This upward trajectory has left many investors and…

Bitcoin slides amid decrease in whale transactions

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Bitcoin’s (BTC) price slightly declined while whale activity constantly showed downward momentum.  According to an X post by the market analysis company CryptoQuant, whales that led the downward trend in July 2022 haven’t been making moves lately. Per the post, these whales hold between 1,000 and 10,000 Bitcoins.  Large-scale selling liquidity remains low. “Whales in the 1k~10k range that led the downward trend are still relatively quiet. Entities still exerting selling pressure are in the range of 10 to 100 $BTC..”by @mignoletkr pic.twitter.com/QZrRlOYVkt — CryptoQuant.com (@cryptoquant_com) November 6, 2023 The…

Ripple’s XRP Surges to $0.68, Nears Overtaking Binance Smart Chain

With the current positive news surrounding XRP, the prevailing sentiment, and the increased participation of crypto whales, it is expected that the price will continue to rise. XRP’s market capitalization has surged to $36 billion, coming close to Binance Smart Chain (BNB), which boasts a market capitalization of $37 billion. This achievement followed a major price spike that propelled the price to $0.68. XRP’s 22% increase in the last seven days indicates that it outperformed the other top 5 cryptocurrencies, with Bitcoin only gaining 1%, Ethereum 3%, and Binance Coin…

Hong Kong regulator issues tokenized investments requirements amid demand

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The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2. The market demand in Hong Kong for tokenized investment products combined with the various benefits of blockchain technology became one of the key drivers for the SFC to consider issuing public guidelines on tokenizing the securities and futures market. With the conclusion of the closely watched central financial work conference, China has outlined future priorities and directions for the pursuit of the…

Arthur Hayes Warns against Institutional Custody of Bitcoin

Hayes fears that most institutional entities are effectively controlled by governments, who will have to dance to the tune of the state when needed. Crypto expert Arthur Hayes is seeing the bad side of a potential spot Bitcoin exchange-traded fund (ETF) approval and has issued a warning to anyone that it may concern. Presently, the crypto community is abuzz with excitement about a soon-to-be approval following reports about the same. That is because an ETF approval is expected to not only bring more institutional involvement to crypto but also send…

An apology from the ICO to Dame Alison Rose

The ICO recently investigated a complaint from Nigel Farage. The ICO’s investigation was solely into NatWest’s actions as a data controller. Our comments gave the impression that we had investigated the actions of Alison Rose, the former CEO of NatWest Group. This was incorrect. We confirm that we did not investigate Ms Rose’s actions, given that NatWest was the data controller under investigation. We accept that it would have been appropriate in the specific circumstances for us to have given Ms Rose an opportunity to comment on any findings in…

London Stock Exchange seeks digital assets director

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The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it’s seeking a director of digital assets.  LSEG says it is looking for candidates who have a “passion for and understanding of digital assets, cryptocurrencies and distributed ledger technology,” among other skills and requirements. According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well…