Day: November 20, 2023

Argentina Welcomes First Pro-Bitcoin President, BTC Price Surges Above $37,000

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In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President.  Argentina Elects Pro Bitcoin President On November 19, Argentina released the results of its presidential election. Reports of the election results reveal that right-wing libertarian and Bitcoin advocate, Javier Milei won almost 56% out of 90% of votes counted. While his rival candidate, Minister Sergio Massa garnered 44% of the votes.  The momentous victory positions Milei as the face of a new era in Argentina,…

Estonia-Based Atomic Wallet Seeks Dismissal of $100M Hack Lawsuit

Atomic Wallet states that most of the users impacted by the hack do not actually reside in the United States, and only one plaintiff out of the entire class action lawsuit is based in Colorado, where the suit was initiated. Crypto wallet company Atomic Wallet, based in Estonia, has asked a United States court to dismiss a class action lawsuit brought against it. The lawsuit seeks financial compensation related to a hack earlier this year that resulted in $100 million stolen. Atomic Wallet argues that the lawsuit should not have…

Crypto ETP volumes surge 91%, outpacing underlying assets — Report

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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023, Fineqia reported. The surge of crypto ETPs has outperformed the growth of underlying digital assets by 30%, as cryptocurrencies had comparatively slower growth of around 70% over the same period. Fineqia’s study included all currently…

70% of BTC dormant for a year — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now comes slower than in previous weeks, BTC/USD is up 7% month-to-date. How could the coming days shape up for Bitcoin? Macroeconomic data prints provide the opportunity for some snap volatility, while under the hood, the…

Popular Bitcoin Advocate Javier Milei Wins Argentina’s Presidential Election

After winning the election on Sunday, Milei, often compared to former United States President Donald Trump, promised drastic changes for Argentina. In a historic turn of events on November 19, Bitcoin-friendly presidential aspirant Javier Milei secured victory in Argentina’s presidential run-off election, defeating his opponent Sergio Massa with 55% of the votes and establishing a significant lead of almost 3 million votes. The win comes amidst Argentina’s prolonged struggle with a severe inflation crisis, marked by the Argentine peso’s alarming 140% increase in annual inflation over the past year. Electoral…

Bitcoin Fundamentals Have Never Looked Better: Bernstein

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Another tailwind is the approval of a U.S.-listed spot bitcoin exchange-traded-fund (ETF), which will make it easier for companies and retail to gain access to the cryptocurrency. “U.S. bitcoin ETF is on track for an early 2024 approval, as the Securities and Exchange Commission (SEC) continues to engage on the applications from leading asset managers,” the authors wrote. Original

The Astonishing 400% Rise Of An AI Crypto

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The merging of blockchain technology with the prowess of AI (artificial intelligence) has paved the way for groundbreaking initiatives. Among these, Bittensor (TAO) stands out as a cutting-edge protocol specifically developed for the advancement of machine learning models. This dynamic synergy between blockchain and AI not only underscores their capabilities but also heralds a new era of collaborative innovation. Bittensor (TAO), a cryptocurrency centered around artificial intelligence, has made notable traction in the trending altcoin space. Its value surged nearly fivefold in under 30 days, riding the wave of excitement around…

Cardano Founder Charles Hoskinson Invites OpenAI’s Ousted CEO Sam Altman to Build Decentralized LLM

The OpenAI board has been at loggerheads with Altman, thus putting the ChatGPT project in limbo as other competitive AIs like Grok from the X platform gain momentum. The initial team that founded OpenAI Inc, an American artificial intelligence (AI) research organization, has slowly been moving away and starting new competitive projects. In the latest San Francisco tech saga, the OpenAI board has been cited to disagree with former Chief Executive Officer (CEO) Sam Altman among other top executives. As a result, Altman was forcefully removed from the CEO position…