Day: November 6, 2023

Crypto Capital Inflows Reach One-Year High

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Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward trend.  New Liquidity Coming Into The Market Could Boost Bitcoin, Ethereum In a post shared on his X (formerly Twitter) platform, Crypto analyst Ali Martinez revealed that the crypto market has seen close to $10.97…

NEO reaches 36-week high while short-positions rise

NEO gained bullish momentum after over eight months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19.  The asset reached $15.3 on Nov. 5, marking a 36-week high — NEO reached $15.5 in mid-February. The native crypto of the Chinese blockchain Neo, which once competed with the second-largest blockchain, Ethereum (ETH), has gained bullish momentum after eight months of constant declines. According to data from the market intelligence platform Santiment, NEO’s social volume skyrocketed over the past week — marking an 800% surge in the past seven days.  NEO…

Microsoft’s Lack of Proper App Vetting Facilitates $588K Crypto Wallet Scam via Ledger Live

The scam was reported by blockchain security analyst ZachXBT on Sunday hence resulting in Microsoft removing the fake Ledger Live application to avoid further damage. Amid the mainstream adoption of the cryptocurrency market around the world, scams directed at both novice traders and veteran investors have evolved into sophisticated methods. In the past two weeks, an old-time scam orchestrated through phishing attempts happened on the Microsoft Corporation (NASDAQ: MSFT) store, thus robbing investors about 16.8 Bitcoin worth approximately $588K. Notably, the scammer developed a web3 application that resembles Ledger Live,…

Pro-XRP Lawyer Says $20M Settlement Would Be 99.9% Win for Ripple against SEC

Over the weekend, Jeremy Hogan, an attorney and partner at Hogan & Hogan, offered his perspective on the SEC vs Ripple case. Hogan focused on the issue of disgorgement, as the SEC aims for a substantial $770 million penalty for the illicit sale of XRP to institutional investors. Hogan emphasized that the law grants the SEC the authority to pursue disgorgement, interest, and penalties. The disgorgement matter arose in the wake of the court’s decision, which found that around $770 million in XRP sales to institutional investors were in violation…

Elon Musk’s xAI Launches Grok AI Chatbot to Rival ChatGPT

The chatbot currently does not have audio and visual capabilities. xAI stated that these will be added soon to enable broader applications such as real-time interactions and assistance.   Elon Musk’s artificial intelligence (AI) startup xAI has released “Grok” – an AI chatbot that can reportedly outperform ChatGPT-3.5 in several academic tests. In a November 5 post on social media platform X, Musk and XAI revealed that the purpose of the AI tool is to “assist humanity in its quest for understanding and knowledge.” Just released Grokhttps://t.co/e8xQp5xInk — Elon Musk (@elonmusk) November…

FTX seeks sale of Grayscale and Bitwise trust assets worth $744 million

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Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware to allow it to sell certain key trust funds, including assets from crypto asset manager Grayscale and custody service provider Bitwise valued at around $744 million. In a court filing dated Nov. 3, FTX debtors requested the court to allow them to sell Trust assets as it will make way for the firm to prepare for “forthcoming dollarized distributions to creditors.” These trust assets are held in one Bitwise trust valued at $53 million and five Grayscale trusts valued…

Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

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Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price moves head next? The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close. In what analysis is increasingly describing as a change in sentiment, Bitcoin and altcoins alike are refusing to retrace gains which first kicked in over one month ago. Amid a torrid macroeconomic environment, crypto is striking out on its own where assets such as stocks are feeling the pressure, and bulls are hopeful that…

Elon Musk’s Cousin Among First Investors In Solana: Expert

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A recent social media post by crypto pundit MartyParty has sparked renewed interest in the early investment patterns surrounding Solana. This interest centers around the revelation that Lyndon Rive, a cousin of Elon Musk, was among the first investors in Solana, a fact that has largely flown under the radar since Rive’s announcement on July 30, 2019. “Why is Elon Musk’s cousin Lyndon Rive one of the first investors in Solana. Rive is a cousin of Elon Musk as their mothers are twin sisters,” Marty remarked. The Story Of Solana…