Day: November 18, 2023

Dogecoin Metrics Signal Impending Breakout, How High Can The Price Go?

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Dogecoin is definitely on a rally as shown by crypto market numbers. The cryptocurrency has experienced a significant market increase amidst a wider consolidation, with the price up by 7.46% in the past seven days.  Although the price of DOGE was recently pushed back down today by some level of resistance near $0.087, it has since bounced back up again at $0.082. At the time of writing, DOGE is trading at $0.084, an increase of 2.4% from this support level. This indicates that the bulls are not ready to give…

Elon Musk receives show of support from crypto pros

X owner Elon Musk received a show of support from crypto professionals, despite a storm of criticism and advertiser departures from his social platform after the world’s richest person made what critics perceived as an anti-Semitic comment.  In a Nov. 18 post, Tamara Haasen, who presides over InputOutput, the engineering and research company behind Cardano (ADA), described Musk as an “effective” leader, a “great operator” and someone clear on what battles to fight. Haseen’s post was in response to an earlier post by Musk stating X will be filing a…

Presidential candidate Vivek Ramaswamy unveils crypto policy

Vivek Ramaswamy, a U.S. Republican presidential candidate, introduced a crypto policy framework designed to safeguard elements of the Web3 space, including non-custodial digital currency wallets. In a document titled “The Three Freedoms of Crypto,” Ramaswamy urged regulators to scale back a significant portion of SEC crypto rules. The proposed framework, unveiled at the recent North American Blockchain Summit in Fort Worth, Texas, outlines a “safe harbor” exemption policy for newly introduced cryptocurrencies. This exemption offers regulatory clarity, granting new cryptocurrencies protection from securities laws for a specified period after their…

Justin Sun gives new ultimatum to Poloniex hackers

Tron founder Justin Sun has increased the white hat bounty, offering the Poloniex hackers a $10 million reward if they return the stolen funds, adding that the team has already unmasked their identity. In an on-chain message to the hackers, Justin Sun gave them until Nov. 25 to return the stolen funds, as law enforcement from the United States, Russia, and China were already involved. According to Sun, the assets “have been marked for tracking and cannot be used, adding that “financial counterparties will be frozen.” Cryptocurrency exchange Poloniex suffered…

Hodler’s Digest, Nov. 12-18 – Cointelegraph Magazine

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Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Shortly after, OpenAI co-founder and president Greg Brockman revealed his exit…

Trader Joe suffers breach, urges users to take action

Trader Joe has swiftly addressed a vulnerability in its analytics plugin, advising users to revoke access to a suspicious contract and restore safety. The popular decentralized exchange (DEX) Trader Joe, on Nov. 17 announced a security breach in its frontend interface.  The breach, identified in a third-party analytics plugin, potentially put numerous users at risk, leading to immediate action by the platform’s team. 🚨 Important Security Alert We have been alerted to a possible vulnerability in our frontend interface. Our team is conducting an immediate and thorough investigation. We strongly…

OpenAI’s crisis escalates as more staff resign after CEO removal: Report

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The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company. OpenAI’s board of directors announced Altman’s removal from the CEO position in a blog post, claiming that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” According to the post, chief technology officer Mira Murati is now the interim CEO. The decision triggered a wave of resignations in the company since then. OpenAI…

Fidelity Investments floats fresh Ethereum ETF application

Fidelity Investments filed for a spot Ethereum (ETH) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange.  Fidelity and BlackRock await SEC greenlight According to its filing, the fund is a spot exchange-traded fund (ETF) that would hold Ethereum’s ether (ETH).  The ETF, if approved, will trade in compliance with the Cboe BZX Rule. Fidelity’s Ether ETF push comes after BlackRock’s Ethereum ETF filing. It is believed that ETFs could make it far easier…

Crypto Analyst Projects $7 Trillion Market Cap For Altcoins

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The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts. Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches. Altcoins To Go Parabolic…

SEC delays verdict on Franklin and Globe X’s Bitcoin ETF

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The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on whether to approve the country’s first spot Bitcoin exchange-traded fund. Documents released on Nov. 17, reveal that the regulator has deferred decisions on filings from Franklin and Globe X.  This deferral follows delays for other applicants, as both companies submitted their initial applications later than some of their competitors. The postponement of decisions on these two spot Bitcoin ETF applications, Franklin and Globe X Bitcoin Trust, contributes to the prevailing uncertainty regarding the approval of such…