Day: December 7, 2023

Crypto analyst sees XRP as a potential market driver

A crypto analyst expressed optimism about the current crypto market while also urging investors not to get carried away. In a recent video published on the Jungle Inc Crypto YouTube channel, the analyst expressed the belief that we could be at the start of a new bull run, but cautioned that there are no guarantees. This looks bullish. This is exciting this very well may be our moment, but you just don’t know that so don’t do stupid stuff like leverage to the hilt because some youtuber told you it’s…

Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

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Since October 2023, Solana (SOL), often called the Ethereum killer, has seen significant network and price action growth.  However, everything points out that the most notable growth in recent months has been in SOL’s price, which has surged over 368% year-to-date, taking the token from a low of $7.95 in 2022 to a now staggering $64.20, with an annual high of $68. But are these numbers reflective of fundamental growth, or are there discrepancies between price action and network progress?  Growth In Network And Price Action Fuel Optimism According to…

Basel Committee Seeks to Consult on Stablecoins Risk Treatment

The initial December report separated its criteria for the treatment of crypto into two groups. Group one cryptos would meet the full set of classification conditions and would be subject to capital requirements. Group two cryptocurrencies that do not meet classification conditions, and so needs newly prescribed capital treatment. Source

Meta releases ‘Purple Llama’ AI security suite to meet White House commitments

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Meta released a suite of tools for securing and benchmarking generative artificial intelligence (AI) models on Dec. 7. Dubbed “Purple Llama,” the toolkit is designed to help developers build safely and securely with generative AI tools, such as Meta’s open-source model, Llama-2. Announcing Purple Llama — A new project to help level the playing field for building safe & responsible generative AI experiences. Purple Llama includes permissively licensed tools, evals & models to enable both research & commercial use. More details ➡️ https://t.co/k4ezDvhpHp pic.twitter.com/6BGZY36eM2 — AI at Meta (@AIatMeta) December…

SEC discussing ‘key technical details’ with spot crypto ETF applicants: Report

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Officials with the United States Securities and Exchange Commission are reportedly discussing aspects of Bitcoin (BTC) exchange-traded funds, or ETFs, proposed by asset managers. According to a Dec. 7 Reuters report, industry insiders said the SEC and certain asset managers were discussing “key technical details” related to U.S. exchanges listing shares of a spot Bitcoin ETF. To date, the commission has never given the green light to any spot cryptocurrency exchange-traded product, instead postponing decisions on applications for the maximum allowable time. Memos released by the SEC in November showed…

BNB’s failure to capitalize the crypto rally reflects Binance’s troubles

Despite the significant rally across the crypto market, Binance’s BNB is down by nearly 5% in a month. BNB’s immediate competitor, Ethereum, is up by over 25% in a month. Also, recent statistics reveal that while the cryptocurrency market experienced an approximately 12% increase in value, amounting to an upswing of around $180 billion, BNB only recorded a modest 1.7% growth. This muted performance of BNB, which is closely linked to the fortunes of Binance, might reflect the market’s response to the exchange’s recent legal challenges in the United States.…

Cardano Could See 70% Rally To $0.75, Analyst Predicts When

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An analyst has explained how Cardano may be heading towards a rally to $0.75 soon if the historical pattern is anything to refer to. Cardano Could See A Rally Of Over 70% In The Near Future As explained by analyst Ali in a post on X, ADA currently appears to be mirroring the same pattern as that between 2018 and 2020. Below is the chart shared by the analyst, which points out this similarity. Looks like ADA might be heading towards a break | Source: @ali_charts on X From the…

Do Kwon Faces Extradition From Montenegro to U.S. for Charges Tied to UST and LUNA Collapse: WSJ

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