Day: December 6, 2023

Ethereum can surge to $3,100; InQubeta on bullish path

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum (ETH) is up 73% this year and remains the second most popular crypto after Bitcoin (BTC). Speculation surrounds ETH, with many envisioning it surpassing BTC in the future. Meanwhile, InQubeta (QUBE) is gaining attention due to its growth potential. The project provides access to artificial intelligence (AI) investments.  Launched on Ethereum, InQubeta utilizes smart contracts, the ERC-20 standard, and fractionalization, enhancing accessibility in crypto investment. Looking at InQubeta…

French Lender Societe Generale Floats Controversial Euro Stablecoin

Unlike what JPMorgan offers with its JPM Coin, the EUR ConVertible will be available for trading, thus opening up immediate access for a wide range of investors. Societe Generale, the third-largest bank in France is set to launch its EUR CoinVertible stablecoin on the crypto exchange Bitstamp. The move represents a pioneering effort by the Paris-based bank as it will be the first bank to offer a stablecoin on a cryptocurrency exchange. For what it’s worth, the bank’s groundbreaking action will cause a major shift in the way traditional financial…

Elon Musk’s X Secures Money Transmitter Licenses across Three US States

With the latest authorization from three US states, the X platform expanded its ability to offer financial services to users in the region. Elon Musk-owned social media platform X has received money transmitter licenses from three states in the United States to aid its transformation into an “everything app”. According to a TechCrunch report, the platform formerly known as Twitter was authorized to operate as a payment gateway in the US states of Dakota, Kansas, and Wyoming in late November 2023. X has previously received the same money transmitter license…

Bitcoin Bull Rally Is Far From Over According To These Large Whales

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Bitcoin has really heated up in the past few weeks, pushing its price above consecutive price resistances to reach new yearly highs. Bitcoin recently pushed past $44,000, registering gains of 15% in a 7-day timeframe.  However, while the price gain can be partly attributed to hype around the spot Bitcoin ETFs, on-chain data shows increased activity among many big holders. According to the on-chain analytics platform Santiment, the recent surge in the price of BTC has been connected with an increase in the number of wallets holding more than 100…

Coinbase Wallet Introduces Shareable Links Option for Local and International Payments to Simplify Money Transfers

Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a shareable payment link to distribute via messaging apps, social media, or email. The new feature removes the need to exchange complicated bank details or wait through sluggish traditional wire transfers. With a few taps, people…

PlanB forecasts Bitcoin bull run, eyes $100K target in 2023-2024 based on stock-to-flow modelling

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Crypto analyst PlanB predicts Bitcoin entering a bull market, potentially reaching over $100,000 in 2023-2024 based on technical indicators and his stock-to-flow model. Cryptocurrency analyst PlanB states in a YouTube video that he believes Bitcoin (BTC) is on the cusp of entering a new bull market phase. Pointing to the stock-to-flow (S2F) model, the analyst explained why he sees Bitcoin potentially surpassing $100,000 in 2023 or 2024. The stock-to-flow model is used by some analysts to predict the price of Bitcoin, arguing that its scarcity (as quantified by the stock-to-flow…

FTT rising as Bitcoin hits $41k, new crypto AI project could dominate 2024

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid the deluge of new crypto projects and fluctuation of crypto prices, Bitcoin (BTC) is trading at around $41,000 while FTT is being tracked. Amid this, investors are considering BorroeFinance (ROE), an AI-focused project. FTT rising FTT, the native token of FTX, a defunct crypto exchange.  Investors are increasingly exploring FTT as the excitement around FTX’s relaunch proposals pushes the token higher. BorroeFinance is AI-powered BorroeFinance aims to establish itself…

Surpassing Bitcoin, Altcoin Surge Next?

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For the first time in 2023, the Ethereum price has outperformed Bitcoin across several metrics, hinting at a fundamental shift in market structure. The second cryptocurrency by market capitalization follows the general sentiment in the sector, setting new yearly highs. As of this writing, the Ethereum price trades at $2,300 with a 4% profit in the last 24 hours. Over the previous week, the cryptocurrency recorded a 10% profit, with most of the altcoin sector still lagging the current price action. ETH’s price trends to the upside on the daily…