Day: November 30, 2023

Google DeepMind AI predicts 2 million novel chemical materials for real-world tech

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Google DeepMind artificial intelligence (AI) has predicted the structure of over two million novel chemical materials, marking a breakthrough in enhancing real-world technologies. In a scientific paper released in Nature on Wednesday, Nov. 29, the AI company reported that nearly 400,000 of its theoretical material designs may soon undergo laboratory testing. Possible uses for the research include the development of batteries, solar panels and computer chips with enhanced performance. According to the paper, identifying and creating new materials is often expensive and time-intensive. It took approximately two decades of research before…

Hong Kong Securities Association suggests ICO to boost island’s economy

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The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The suggestions include the legal recognition of Islamic finance, and inviting stakeholders from the Islamic world to set up a committee to formulate “Islamic finance guidelines with Hong Kong characteristics.” The tenth point of the list…

Why Fed Policy Will Push Bitcoin and Gold to New Highs after Spot BTC ETF Approval

Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as the United States Federal Reserve changes course. In a Bloomberg interview, Novogratz shared optimism for these assets based on expectations that the Fed will become less aggressive with its policies. Since it looks like the…

Analyst backs Cardano amid ongoing bullish momentum for Bitcoin and Everlodge

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Ali Martinez expresses optimism about the future of Cardano (ADA), attributing its potential growth to increasing demand. Bitcoin (BTC) has stabilized around the $37,000 level, with analyst remaining bullish. Everlodge (ELDG) is also gaining attention for its potential to disrupt the real estate market. Summary Cardano might reach $0.4413 by year’s 2023 Bitcoin bulls target $42,000 Everlodge supporters expect more growth Cardano may rally above $0.4413 According to crypto analyst Ali Martinez, Cardano might rally in the near future based on positive network adoption signals and rising momentum. #Cardano sits…

Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time

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Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run.  A Powerful Bull Market Indicator In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market. This was based on…

Galaxy’s Novogratz predicts Bitcoin reaching $70k with ETF approval

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Galaxy Digital founder Mike Novogratz believes the market will see a ‘pretty successful shift of psychology’ when the government allows spot Bitcoin ETFs. Bitcoin (BTC) is poised to reach its old highs a year from now, should the U.S. Securities and Exchange Commission (SEC) give the go-ahead to spot Bitcoin exchange-traded funds (ETFs), predicts Galaxy Digital Holdings Ltd. founder Mike Novogratz. In an interview with Bloomberg on Nov. 29, 2023, the founder and chief executive officer of Galaxy expressed his strong optimism about the cryptocurrency’s future as talks of spot…

Anonymous Buyer Splashes $424M on Bitcoin (BTC) Purchase

The demand for BTC is expected to skyrocket once a spot exchange-traded fund ETF is approved by the US SEC. A yet-to-be-identified buyer has acquired 11,268 Bitcoin (BTC) between November 10 and now. The purchase, which is worth a total of $424 million, has also made the buyer the 74th largest holder of Bitcoin, per Bitinfocharts data. The latest of the buys, which took place on Wednesday, saw the wallet adding 875 BTC. At the current price range of between  $36,000 to $38,000, this means that the wallet owner still…

Crypto payment firm Alchemy Pay adds SEPA deposits in Europe

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Cryptocurrency payment platform Alchemy Pay is scaling its payment options by integrating new on-ramps — or new ways to buy crypto — in Europe and the United Kingdom. Alchemy Pay has introduced new deposit options, including the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and the U.K. fast money transfer option, Faster Payments. Announcing the news on Nov. 29, Alchemy Pay noted that the new payment options aim to simplify purchasing cryptocurrencies like Bitcoin (BTC), enabling transfers to be processed in “seconds to a few minutes.” With SEPA…