Day: November 11, 2023

Arthur Hayes Dubs US Treasury Secretary ‘Bad Gurl’ of Pax Americana

Hayes predicts that Yellen’s actions, in collaboration with the US Federal Reserve, will result in a net liquidity injection of $1 trillion into global financial markets. In a recent essay titled ‘Bad Gurl,’ Arthur Hayes, a renowned crypto expert and former CEO of BitMEX delves into the intricate world of finance, spotlighting the influential figure of US Treasury Secretary Janet Yellen. Hayes characterizes Yellen as the orchestrator of financial maneuvers capable of shaping the global economic landscape.  The Power and Influence of ‘Bad Gurl’ Yellen Janet Yellen, according to Hayes, holds…

FTX files lawsuit against Bybit to recover $953m in assets

Consultants for the collapsed crypto exchange FTX have filed a lawsuit against crypto exchange Bybit to regain digital and monetary assets totaling $953 million. The FTX advisers claim that Bybit extracted the assets just before FTX went into Chapter 11 bankruptcy in November 2022, Bloomberg reports. FTX’s bankruptcy advisers sued crypto exchange Bybit and two corporate affiliates to recover cash and digital assets valued at roughly $953 million https://t.co/Vy607xzNkO — Bloomberg Crypto (@crypto) November 11, 2023 Lodged in a Delaware court on Nov. 10, the lawsuit mentions Bybit Fintech and…

Machine Learning Algorithm Reveals December Target

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The crypto market has experienced somewhat of a resurgence in recent times. Shiba Inu (SHIB) happens to be one of the altcoins that many seem to have their eyes on during this period. And if the prediction of this machine learning algorithm is anything to go by, it would seem that these SHIB holders are well positioned for more profitable times ahead. SHIB’s Projected Price By December According to data from the price prediction algorithm on the crypto analytics platform CoinCodex, SHIB’s price is predicted to hit $0.000009534 by December 11.…

Assessing Shiba Inu and Dogecoin alternatives, focus on NuggetRush

Shibarium’s recent performance disappoints the Shiba Inu (SHIB) community. Demand for Dogecoin (DOGE) Futures rising in November. NuggetRush (NUGX) offers new utilities in the memecoin scene The Shibarium network has shown a lackluster performance, sparking concerns among analysts that its popularity may be waning. In contrast, Dogecoin (DOGE) has experienced a recent surge in open interest, surpassing both Bitcoin and Ethereum. Meanwhile, there is growing optimism among analysts regarding NuggetRush (NUGX). Over 30 million have been sold in the ongoing presale.  Shiba Inu disappointed by the underwhelming Shibarium metrics Shiba…

Why the service industry needs blockchain, explained

The need for blockchain technology in the service industry Blockchain technology has the potential to completely transform the services sector by improving efficiency, security and transparency.  Blockchain technology reduces the risk of fraud and errors in industries, including supply chain management, healthcare, and media and entertainment, by ensuring tamper-proof record-keeping through decentralized ledgers.  Blockchain-based smart contracts, or self-executing contracts, automate work and lessen the need for intermediaries to manage legal and real estate services operations. Additionally, blockchain enables safe and quick transactions in the hospitality industry, facilitating easy international payments…

Why is Solana price up this week?

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The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58.  That is Solana’s best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart. Source: TradingView FTX-dump fears fails to shake Solana bulls Solana’s rise coincides with the daily selling of 250,000-750,000 SOL tokens by FTX bankruptcy estate in the last two weeks. FTX has been selling between 250k-700k…

Kaspa Rules The Weekend Top 100 Coin Roster With 63% Rally

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Kaspa (KAS) has emerged as a notable altcoin, drawing considerable interest from investors. Notably, the cryptocurrency has achieved its all-time high, experiencing an impressive 66% increase over the previous week. Examining the monthly performance charts reveals an even more substantial upward trajectory, with KAS exhibiting a remarkable surge of over 90%. Zooming out to a year-long perspective, the altcoin has witnessed an astonishing increase of over 2,000%, showcasing its significant growth over this extended period. Investors are closely monitoring Kaspa as it continues to showcase strong bullish momentum, reflecting the…

SafeMoon’s CEO release bail on hold as he still poses risks

U.S. prosecutors claim SafeMoon CEO Braden John poses “serious risks of flight.” SafeMoon (SFM) CEO Braden John will not get a quick resolution of his case as prosecutors have secured a hold on his bail release, citing flight risk concerns. A New York judge delayed SafeMoon CEO Braden John Karony’s bail on Nov. 9 after prosecutors challenged a Utah judge’s decision to release him on a $500,000 bail. The government claims Karony poses “serious risks of flight and continued danger to the community should he be released.” Prosecutors also claimed…

The fall of FTX: A tale of hubris in the crypto world

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the world of technology and cryptocurrency, a world where everyone seems to be a “founder”, “leader” or “entrepreneur”,  one word that seems to persistently hover in the atmosphere is “arrogance.” It’s as if the very essence of innovation and disruption is interwoven with an air of invincibility, a sense that the old rules don’t apply to the new kids on the block. This arrogance often leads…

Panel Of Market Experts Predict When Ethereum Price Will Cross $14,000

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Finder’s board of crypto market experts has predicted a positive long-term increase in the price of Ethereum in 2023, 2025, and 2030.  Ethereum To Surpass $14,000 By 2030? The price of Ethereum has been on a fairly positive sentiment since the news of BlackRock’s Ethereum Spot ETF filing news. The cryptocurrency saw a spike that took its price above $2000 this week.  Industry specialists from Finder, an independent comparison platform and information service have stated that Ethereum will continue experiencing a price increase in the coming years.  The comparison platform…