Day: November 10, 2023

Famous trader reveals next growth target for Bitcoin

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Trader Peter Brandt shared his thoughts on the prospects for further movement of BTC. The trader believes that the next growth target for Bitcoin (BTC) could be the level of $43,200. The forecast is based on calculations of the expected trajectory of the asset through the measurement of technical analysis figures. Prior to this, Brandt gave a long-term forecast for Bitcoin. According to his calculations, cryptocurrency will enter an active growth phase no earlier than the third quarter of 2024 after the spring halving. Anyone who declares they know the…

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

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One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022. According to a press release published by Lloyds Bank, an increasing number of investors face the threat of falling victim to fraudulent schemes through a wave of fake adverts posted on social media. Each victim of a cryptocurrency investment scam is losing an average of $13,115 (£10,741), an increase from $8,562 (£7,010) the previous…

Ether Surges on BlackRock’s ETF Plans

Ether’s (ETH) BlackRock (BLK)-prompted surge past $2,000 on Thursday stole the spotlight from bitcoin (BTC), which is down slightly on the day, at around $36,500, while ether is now around $2,100. According to David Lo, head of financial products at Bybit, ether could push further. “Historically, ETH often makes significant gains following a peak in Bitcoin’s value, a pattern that may repeat here giving us a price target of around $2500,” said Lo. “After that, there may be a final rotation of profits into lower-cap coins before a cooling-off period,…

$9 Trillion BlackRock Files Ethereum Spot ETF, What’s So Special About It?

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Following BlackRock’s official filing of Spot Ethereum with Nasdaq, reports have confirmed that BlackRock’s Ether ETF plan has been confirmed by Nasdaq and is on its way to the US SEC to gain final approval.  BlackRock Ethereum Spot ETF Confirmed American multinational investment company, BlackRock has been making waves in the crypto space after news spread of NASDAQ listing the investment firm’s Ethereum Spot ETF, iShares Ether Trust in Delaware. “BlackRock’s Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq,” Bloomberg Research Analyst, Jeff Seyffart stated.  While BlackRock’s…

Poloniex exchange suffers $100M exploit, offers 5% bounty

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A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe that the company was breached, leading to as much as $100 million in crypto being drained by the attackers. On Nov. 10, millions of crypto assets were transferred from an account labeled Poloniex 4 on Etherscan. Initial estimates of the losses were around $60 million. However, it was later determined that over $100 million was taken by the attackers. According to blockchain security firm CertiK, the…

MicroStrategy (MSTR) Shares Soar 246%, Michael Saylor Credits Bitcoin’s Rise

Saylor sees Bitcoin’s potential to soar even higher, especially once regulators approve financial firms’ Bitcoin spot ETF products. MicroStrategy Inc (NASDAQ: MSTR), the software firm led by Executive Chairman Michael Saylor, has seen its shares surge by an astounding 246% in 2023. Saylor attributes this success to Bitcoin (BTC), which has not only fueled MicroStrategy’s growth but also positioned the company to compete with tech giants like Apple Inc (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), and others collectively known as the ‘Magnificent Seven’ tech stocks. MicroStrategy Inc’s Shares and Bitcoin’s Rally…

CME Tops Binance, Holds Largest Bitcoin Futures Open Interest

CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions. The Chicago Mercantile Exchange (CME) has surpassed Binance as the exchange with the largest Bitcoin futures open interest (OI) for only the second time in history. The first time was over two years ago. At the time, strong investor appetite after the launch of ProShares Bitcoin Strategy ETF increased Bitcoin (BTC) Futures trading on the exchange. CME surpassed Binance by about $2 million on open interest before the latter retook…

The Sandbox Introduces Virtual Cinematic Neighborhood Cinerama in Partnership with Lionsgate and Skydance

To make the sales go smoothly, The Sandbox has created a watchlist system that will allow community members and interested participants to secure their desired LAND. The Sandbox is partnering with Lionsgate and Skydance for the Cinerama LAND sale. Cinerama is a virtual cinema that gives users the privilege of creating their own immersive movie-inspired universe. The metaverse company is launching this new virtual world with the hope of reigniting rabid hopes for digital environments. The entire buzz around the metaverse has died down after enjoying major popularity in 2021,…

Celsius Bankruptcy Exit to Be Implemented Early Next Year After Court Approval

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Bitcoin Price Targets $40,000 as Traders Engage in Tough Fight

Bitcoin traders have engaged in a tough battle as BTC price shoots to $37,000. The Bitcoin futures open interest has shot to a seven-month high. Earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move to $37,000 levels and is currently hovering around those levels. After significant overnight gains, Bitcoin price is making a determined push towards the $40,000 threshold. Surging by 6.6% in November and achieving nearly a 30% gain in October, the cryptocurrency’s robust performance is surprising some market observers. Bitcoin Price Movements However, concerns…