Day: November 10, 2023

French investors increasingly prefer crypto over stocks, survey reveals

A new study reveals that more French investors own crypto than stocks and ETFs. The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic. A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by…

Bitcoin (BTC) Funds Hit All-Time High Crypto Holdings as 125% BTC Price Rally Entices Investors

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Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it’s Hougan’s contention that the majority of financial advisors continue to believe a spot ETF isn’t coming until 2025 or later. Original

MicroStrategy’s $4.6 Billion Bitcoin Bet Pays Off, Here’s How Much It’s Worth Now

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The cryptocurrency industry has experienced significant growth in recent weeks with an influx of capital. This influx of capital has forced Bitcoin over various price resistances, with the latest being a brief cross over the $37,000 level. MicroStrategy has emerged as a prominent public company that has successfully capitalized on this price push. MicroStrategy’s blockbuster bet on the world’s largest cryptocurrency has certainly paid off so far. The company has posted over $1 billion in unrealized profit thanks to Bitcoin’s 36% increase from $26,750 since October 13. Shares of MicroStrategy…

3 theses that will drive Ethereum and Bitcoin in the next bull market

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After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs). This shift represents a critical perspective that is set to guide three theses for the upcoming bull market. To fully grasp these theses, it is crucial to understand that everything is data. Money is data. Your engagement with a brand is data. Your credentials are data. The ticket for your favorite show is data. Since 2021, the ecosystem…

Hodlnaut heading for liquidation after failure of restructuring, sale efforts

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Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022.  Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a letter dated Nov. 10 and posted on the website of EY that he and fellow IJM Ee Meng Yen Angela have been discharged from that position and appointed liquidators. Aaron Lee’s letter from Nov. 10. Source: EY The liquidation decision was made by the Singaporean court in a…

Justin Sun offers 5% bounty as Poloniex losses cross $100 million

The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy. Justin Sun provided three wallet addresses to which hackers could transfer the stolen funds. Sun also added that an internal investigation was underway and affected assets would be fully reimbursed as the platform maintains a “healthy financial position”. We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC…

Is A Bearish Reversal Coming For Bitcoin? This Metric May Warn So

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The latest trend in the Bitcoin taker buy-sell ratio could suggest a bearish reversal may be coming soon for the cryptocurrency. Bitcoin Taker Buy Sell Ratio 100-Day EMA Has Encountered Resistance An analyst in a CryptoQuant Quicktake post explained that the asset may be heading towards a correction due to the taker buy-sell ratio coming across strong resistance. The “taker buy sell ratio” is an indicator that keeps track of the ratio between the Bitcoin taker buy and taker sell volumes. When the value of this metric is greater than…

One Year Since FTX Collapse and 2 Years Since BTC $69K ATH

The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years. A year after the crypto market saw the collapse of the now-defunct FTX Derivatives exchange and two years after Bitcoin (BTC) saw an all-time high of $69,044, the narrative of “Crypto is dead” has been unequivocally debunked. Crypto Market: Post-FTX Collapse The collapse of FTX was a turning point for the crypto market, leading to widespread skepticism and calls for its demise. However,…

Elon slings AI-generated insults at GPT-4 after OpenAI’s CEO mocks Grok

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The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have made waves throughout the machine learning community or directly threatened the status quo, but it’s certainly drawn the attention of Sam Altman, the CEO of ChatGPT maker OpenAI.  In a post on the social media app X, formerly Twitter, Altman compared Grok’s comedic chops to that of a grandpa, saying that it creates jokes similar to “your dad’s dad.” GPT-4? More like GPT-Snore! When it comes to humor, GPT-4 is about as funny as a screendoor…

Bitcoin’s new high signals major market shift: analysis and predictions

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Explore the dynamics behind Bitcoin’s bullish run and the growing anticipation around a U.S.-based Bitcoin ETF. A deep dive into market trends and predictions. Over the past few days, Bitcoin (BTC) has demonstrated significant resilience and growth, marking a noteworthy trend in the cryptocurrency market. Amid a surge in trading volume, BTC price reached its fresh 52-week high of $37,926 on Nov.9. However, amid the volatility, the price retraced and trading at $37,100 as of Nov. 10. BTC price chart | Source: CoinMarketCap This recent rise is partly attributed to…