Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday. Original
Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit
Day: November 10, 2023
Coinbase (COIN) Shares, ETH Liquid Staking Tokens Surge on BlackRock ETH ETF Application
COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According to a Thursday report, BlackRock Advisors registered the iShares Ethereum Trust as a corporate entity in Delaware. BlackRock’s Application for Spot ETH ETF Sends Tokens Soaring The news was first greeted by an Ether urge…
Crypto ETF trading now available for UBS clients in Hong Kong
Swiss financial services company UBS Group AG will now allow wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs), joining its rival HSBC Holdings. According to Bloomberg, citing anonymous sources, UBS Group’s Hong clients can trade Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs. Those are authorized by the Securities and Futures Commission (SFC), starting from Nov. 10th. Hong Kong’s largest financial institution, HSBC, became the first bank to allow its customers in the special administrative region of China to trade the three…
OpenAI and Microsoft partner with Humane on wearable AI pin
The artificial intelligence (AI) startup Humane released a physical device on Nov. 10 that serves as a wearable AI virtual assistant. The AI Pin is a lapel pin-style device that the user wears and taps to speak with a virtual AI-powered assistant. It is equipped with technology from OpenAI, the creator of the well-known chatbot ChatGPT, and has cloud computing capabilities via Microsoft. According to Humane, users can also interact with the pin via an intuitive touchpad, holding up objects, performing gestures and through its laser ink display that is…
Expert Reveals Why Investors Should Be Cautious
In a recent development, a prominent figure in the XRP community has explained why members of the community should be careful about being so excited about a Ripple IPO. Using historical data, she elaborated on why an IPO isn’t as straightforward and profitable as some might think. Why Investors Should Be Cautious In a post shared on her X (formerly Twitter) platform, Crypto Eri revealed how investors aren’t excited about IPOs in what sounded like a note of warning to those who are ready to go all in if Ripple…
Deutsche Börse Announces New Investment Strategy Dubbed Horizon 2026 to Tap on Digital Assets
Deutsche Börse intends to further use cloud computing to accelerate the development of its digital post-trading platform D7 and a crypto trading platform to ensure sustainable future growth prospects. The Web3 market and blockchain technology have triggered a fast shift in the global financial system from the traditional stock market to digital assets and tokenization in the past few years. The shift has been accelerated by the ongoing crypto regulatory changes around the world led by European countries. In Germany, the country’s legislators have passed several crypto regulations to ensure…
Fed Chair Expresses Inflation Concerns, Future Rate Hikes Possible
Fed Chair Jerome Powell said that if is required, they won’t hesitate to rise interest rates further in order to bring the inflation to its desired target of 2%. On Thursday, November 9, while speaking at an International Monetary Fund audience in Washington D.C., Fed chair Jerome Powell said that they are closely monitoring the inflation situation in the country. Powell added that although policymakers feel encouraged by the slowing pace of inflation, they’re still unsure at this point. The Fed has an uphill battle to fight against inflation. Powell…
Pepe Climbs 13% – What’s Igniting the Meme Coin Fire?
PEPE, the meme coin that had seemingly fallen into silence with no major positive developments, has staged a significant comeback in the crypto market. Today, the coin experienced a noteworthy surge, witnessing a price increase of $0.000001417 in 24-hour trading, marking an impressive 21% rally. Source: Coingecko Highlighting PEPE’s Potential The sudden surge in PEPE’s value has sparked interest and speculation within the crypto community. One possible catalyst for this upward movement is the revelation of PEPE’s undervaluation index. Top-11 #PJTs with Market Cap from $300M to $500M by #Undervaluation…
Lightspeed Faction Unveils $285M Venture Fund for Blockchain Startups
With the launch of the $285 million investment fund, Lightspeed Faction aims to be a collaborative partner, assisting projects in achieving their goals. Lightspeed Faction, a United States-based venture capital firm, has announced the launch of a $285 million venture fund aimed at supporting blockchain projects with potential. According to an official press release, on November 9, the funds will be used to invest in crypto and blockchain projects, particularly startups utilizing the public ledger to bring real utility to users and businesses, contributing positively to the ecosystem and advancing…
Bitwise insists ‘no affiliation’ with startup facing SEC charges
Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission. Today we announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about the company’s finances. — U.S. Securities and Exchange Commission (@SECGov) November 9, 2023 On Nov. 9, Irma Olguin Jr. and Jake Soberal, the founders of Bitwise Industries, were…