Day: December 6, 2023

Institutions can consider these tokens; can they outpace GFOX

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In mid-2020, major financial institutions started investing in Bitcoin (BTC), previously considered a joke. This shift is significant for existing investors as it indicates a substantial influx of funds beyond what individual retail investors contribute.  While Bitcoin remains a preferred choice for institutional investors, some are exploring other facets, such as NFTs and the metaverse. This has led to active investments in projects like Axie Infinity (AXS), Gala (GALA),…

Assemblyman Proposes Bill to Regulate Digital Assets as Securities

The bill shows that New Jersey is following New York’s lead by establishing a comprehensive crypto framework. A new bill in New Jersey aims to regulate digital assets and virtual currencies as securities. The bill, introduced by Democratic Assemblymember Herb Conaway, Jr., specifies the conditions under which a digital asset would be considered a security under state law. According to the proposal, all virtual currencies issued and sold to institutional investors should be treated as securities. The bill goes further to define institutional investors as “companies or organizations that invest…

Exchange Launches Version 2.0, Adds Support for Solana and DEX Aggregation

By directly integrating Solana, Hashflow 2.0 becomes the first DEX to offer cross-chain trading between Ethereum and Solana. Decentralized exchange Hashflow is out with its 2.0 iteration, and may have added some advancements to its platform. First off, the December 5 launch includes support for Solana, which is arguably one of the fastest and most scalable blockchains. It also features DEX aggregation services, albeit for the first time on its platform. That is, traders may now access the best prices and liquidity across multiple DEXes, and would, therefore, be able…

XRP Greed Index Soars, Backed By Robust $1.3 Billion Volume

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The price of XRP, the native token of the Ripple payment network, increased by 4% to $0.639999 over the course of the previous day. This occurred on a day when rising optimism caused the cryptocurrency market as a whole to rise by 5%. XRP has increased by 4% over the past month and by 1.5% in only one week. It is currently the fifth-largest token by market capitalization, having increased by a remarkable 80% since the start of the year. This demonstrates how, in the cryptocurrency world, XRP is moving…

Bitcoin (BTC) Price Surges Past $44,000 as Momentum Builds

The consensus within the crypto community is that a green light for a Bitcoin ETF is imminent, with expectations pointing towards an early approval in 2024. Bitcoin (BTC), the world’s leading cryptocurrency has once again captured the financial industry’s attention by surging past the $44,000 price mark, reaching its highest level since April 2022. Bitcoin price is currently trading at $43,483, representing a substantial 4% increase within the last 24 hours and extending gains from Tuesday. As the crypto community eagerly watches these developments, the drumbeat for a spot Bitcoin…

Bitcoin Core developer calls Ordinals a ‘fraud,’ announces fix

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With a new set of upgrades, Bitcoin Core developer Luke Dashjr hopes to put an end to BRC-20 tokens as well as Bitcoin-based NFTs. The Bitcoin network is about to undergo a set of upgrades, which are expected to essentially put an end to BRC-20 tokens as well as non-fungible tokens (NFTs) known as Bitcoin Ordinals minted on the network. In an X post on Wednesday, Dec. 6, 2023, Bitcoin Core developer Luke Dashjr said that a loophole in the Bitcoin blockchain made it possible for users “to spam the…

Saxo Bank Makes Outrageous Predictions for 2024

Saxo Bank expects crude oil to hit $150 per barrel in 2024 while the Japanese economy to grow by a staggering 7%. As the year draws to a close, Wall Street banks are unveiling their forecasts for 2024, and Denmark’s Saxo Bank has once again embraced its annual tradition of presenting outrageous predictions. Termed as “unlikely but underappreciated events,” these forecasts could potentially shake the global economy and elevate volatility in financial markets. Topping the list of Saxo Bank’s eccentric predictions for 2024 is the victory of Robert F. Kennedy…

Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K

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Bitcoin (BTC) has gained almost 170% since the European Central Bank (ECB) warned of its impending “irrelevance.” As noted by crypto proponent Eric Wall and others on Dec. 4, BTC price action has done the complete opposite of economists’ predictions. ECB Bitcoin myopia: “What else are they wrong about?” Bitcoin traded at just $16,400 when on Nov. 30, 2022, the ECB published a blog post dedicated to its death. Coming just after the implosion of exchange FTX and subsequent market flight, the post argued that even those levels were a…

Cathie Wood’s ARK Sells $33M of Coinbase (COIN) Shares, $5.9M of Grayscale Bitcoin Trust (GBTC)

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