Day: November 20, 2023

Why Bitcoin price predictions often miss the mark

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Discover the risks associated with trusting Bitcoin price predictions in a fluctuating market. Bitcoin (BTC), the first and most widely recognized cryptocurrency, has witnessed a meteoric rise in both value and popularity since its inception in 2009. Its journey has been marked by extreme highs and lows, making it a focal point for investors and analysts alike. A key fact to consider is Bitcoin’s history of unpredictable price swings. For instance, in November 2021, Bitcoin reached an all-time high of nearly $69,000, only to plummet to $16,000 levels by the…

Bitcoin advocate Javier Milei wins Argentine presidential race

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Bitcoin advocate Javier Milei has emerged victorious in Argentina’s presidential run-off election on Nov. 19, surpassing his rival Sergio Massa. With nearly 99% of votes counted, reports indicate that Milei secured a commanding lead with over 55% of the vote, surpassing his nearest competitor by almost 3 million votes. Milei leads Massa by over 10% point, with nearly all votes counted | Source: Bloomberg Argentina welcomes a BTC-friendly leader Sergio Massa, Argentina’s Minister of Economy, congratulated Milei on his victory after over 90% of votes were counted, ahead of the…

Mastercard combats crypto fraud with latest AI integration

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Financial services provider Mastercard has revealed a new partnership with artificial intelligence (AI) firm Feedzai, according to reports from CNBC on Nov. 20.  Mastercard says this integration aims to boost its ability to detect and prevent fraud routed through cryptocurrency exchanges. According to the report, Feedzai will be integrated directly with Mastercard’s CipherTrace Armada platform, a bank tool to monitor transactions from thousands of crypto exchanges for fraud and other suspicious activities. Feedzai’s software was built to identify and block suspicious transactions in “nanoseconds” using AI. Data from Feedzai says…

Stock-to-flow mastermind PlanB outlines key Bitcoin price levels before halving

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Dutch creator of the Stock-to-Flow model says the largest by market cap crypto has entered a pre-bull market. An anonymous Dutch investor and quantitative analyst, PlanB, best known for his stock-to-flow (S2F) model for Bitcoin (BTC), says the cryptocurrency is now in the pre-bull stage. He anticipates further growth as halving approaches. IMO bitcoin is currently in pre-bull market (yellow) and on track towards a full blown bull market (red, after halving unless earlier ETF approval). Note I changed colors and stage names again, to better align with S2F model:🟡pre-bull🔴bull…

Crypto Exchange Bullish Led by Former NYSE President Buys 100% of CoinDesk

100% of Coindesk stocks were acquired by Bullish, a cryptocurrency exchange run by former NYSE President. Just recently it has been revealed that Bullish, a crypto exchange that is led by former NYSE President Tom Farley,  has bought 100% of CoinDesk stocks.  It is known that it was an all-cash deal. However, financial terms remain undisclosed. Speaking on this strategic move, Tom Farley stated: “With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem. Bullish will immediately inject…

Crypto AI project raises nearly $5m in presale

Investors are looking at yPredict (YPRED), an artificial intelligence (AI) and machine learning-powered crypto trading platform, near the end of its presale, which has raised almost $5 million. YPRED will eventually be listed on multiple crypto exchanges. yPredict democratizes crypto analytics yPredict aims to make advanced crypto analytics accessible to all traders by providing custom-built AI models that generate actionable market insights. yPredict’s whitepaper explains that these models offer clear, objective trading signals, enabling investors to capitalize on price movements without hours of prior research. Alongside trading signals, the yPredict platform…

Crypto Friendly Javier Milei Wins Argentine Presidency

The next president of Argentina will be Javier Milei after his opponent Sergio Massa conceded on Sunday evening, saying “Argentines chose another path.” With roughly 87% of the votes counted, Milei had 56% of the tally versus Massa’s 44%, according to Bloomberg. Trading quietly through most of the weekend, bitcoin began rising late Sunday afternoon on chatter about a strong showing for Milei. Following Massa’s concession, the crypto is higher by around 2% over 24 hours at $37,150. “We have to understand that the central bank is a scam,” Milei…

Solana DEX Trading Volume Spikes 54% In Last Week, TVL Climbs

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Solana has recorded a massive surge in trading volume on two decentralized exchanges, Raydium and Orca, in the last seven days. According to data, this dramatic surge birthed a 42% increase in SOL’s Total Value Locked (TVL). SOL’s price also reacted to this increased interest, scoring notable gains in the last week and rising above $60 to a high of $67.69 on November 15.  Solana’s DEX Volume Spikes 54% in a Week. Data from DeFiLlama showed a 54% increase in Solana’s trading volume on decentralized exchanges (DEX). According to the data,…

Santander Private Bank Introduces Crypto Trading for Swiss Clients

Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them. Santander Private Banking International has announced plans to allow its high-net-worth Swiss clients a chance to trade crypto assets. The bank will offer these clients a chance to buy, sell, and hold two major cryptocurrencies – Bitcoin (BTC) and Ether (ETH). It also plans to add further cryptocurrencies that meet its criteria. According to the banking giant, the service will be provided based on client requests through relationship managers.…