Day: November 14, 2023

$48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

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Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his thoughts on BTC price action. Filbfilb: Bitcoin has given “strong indicator” of bear market breakout Bitcoin has well and truly cemented its exit from a sub-$30,000 trading range, which characterized the market for much of 2023, Filbfilb believes. Having overcome a multitude of resistance levels, the question for Bitcoin bulls now is how price action will turn…

Bitcoin Price Ready To Go ‘Supersonic’, Analyst Says

Popular crypto analyst Don Alt has joined the bandwagon of predictions pertaining to Spot Bitcoin ETFs. Don Alt recently took to social media platform X to convey a strong bullish Bitcoin price sentiment, issuing a forecast that the cryptocurrency is on the verge of going supersonic to $60,000 in the coming months.  Even a $100,000 price point is not out of the books, according to this analyst. The catalyst for this potential liftoff? The long-awaited approval of a Spot Bitcoin ETF in the US.  Bitcoin’s Supersonic Rally to $60,000 Don…

Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs

I asked about other restrictions around the apps, though did not hear about anything geographical, and should add the site wasn’t technically live when I was doing research for the article, which may impact findings. However, on Pinnacle promotional material it is noted: “Fans in Florida can now collect and trade dynamic pins in real time alongside other fans in California, France, India, Japan and elsewhere around the world,” though I am unsure if that just means for the waitlist. (Will update if Dapper gets back.) Source

Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

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Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol. Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of the biggest global football and sports teams. Europe’s most loved football clubs and a number of household sports brands have tapped into the solution to power Web3 fan tokens and other blockchain-based offerings. Animoca Brands co-founder Yat Siu says the partnership presents an opportunity for…

Circle CCTP Sets Date for Noble Launch, for USDC on Cosmos, dYdX

“What is important here is the sheer amount of USDC liquidity we expect to migrate to Cosmos using this novel non-custodial bridging mechanism,” said Jelena Djuric, CEO and co-founder of Noble. “DYdX is uniquely positioned to be the first power user of CCTP given its v3 product on Ethereum and the industry-leading trading volumes of billions of dollars per day it has achieved.” Source

Unveiling the daily Web3 podcast

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Looking for a way to get all the crypto news you need each day from the best source on the net? Then look no further! Hosted by Robert Baggs, Rise ’n’ Crypto is a daily podcast covering the most recent and important news, insights and stories without the fluff or rambling. Every morning at 9:00 am Eastern Time, while you sip your coffee, commute to work, or as you go about your day, you can get a rundown of everything you need to know about from the wild world of…

Bitcoin Price (BTC) Higher After U.S. Inflation Data

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Prior to this morning’s report, traders were pricing in about an 86% chance the Fed would hold rates steady at its next meeting in mid-December, and there’s roughly a 75% chance of a continued pause at the January meeting, according to the CME FedWatch Tool. Shortly after the data, the odds of a December pause rose to 99.5% and for a January pause to 95.6%. Original

FTX, BlockFi claims settlement allowed to proceed, judge declares

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Bankrupt crypto companies FTX and BlockFi are allowed to proceed in negotiations for their claims settlement, according to a new court filing. On Nov. 13, United States bankruptcy Judge Michael Kaplan ordered the end of an automatic holding placed on proceedings between the two firms. FTX debtors can now pursue their “arguments, defenses, counterclaims, setoffs, or otherwise” concerning the BlockFi claims in the FTX bankruptcy proceeding. Both entities filed for Chapter 11 bankruptcy status in November 2022 after the implosion of FTX at the beginning of that month. BlockFi is…

Tether credits USDT growth surge to ETF excitement, emerging markets

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Tether (USDT), the largest stablecoin by market value, has been breaking new records throughout 2023, with its market capitalization adding at least $20 billion so far this year. According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4 billion USDT being issued in the past four weeks. After starting the year with a market cap of roughly $66 billion, Tether USDT has been steadily gaining momentum, with its market value surpassing $80 billion in April 2023.…

Goldman Sachs Leads Blockchain Firm Fnality Raise of $95M

Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million in Series B funding led by Goldman Sachs and BNP Paribas. DTCC, Euroclear, Nomura and WisdomTree participated in the round, which also saw further commitment from a number of institutions that backed Fnality’s $63 million fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corp. and UBS. Source