Tag: Isnt

Shark Tank’s Kevin O’Leary isn’t interested in Bitcoin ETFs

boss

Kevin O’Leary, renowned investor and star of the TV show “Shark Tank,” has doubts about Bitcoin (BTC) exchange-traded fund (ETF) investments. While spot Bitcoin ETFs are viewed as a milestone for the U.S. crypto industry, O’Leary sees little value in participating in the frenzy. In a recent statement on Fox Business, O’Leary emphasized his position as a long-term Bitcoin holder and expressed skepticism about investing in BTC ETFs. He argued against purchasing ETFs, stating that as a purist and just holding Bitcoin for the long term, he would never buy…

Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

Ethereum price is moving lower below the $2,250 support zone. ETH is now at risk of more downsides below the $2,120 support zone. Ethereum struggled to start a fresh increase above the $2,250 resistance. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance near $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it declines below the $2,120 support zone. Ethereum Price Takes Hit Ethereum price attempted a…

Sam Altman’s ouster shows Biden isn’t handling AI properly

boss

CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI salaries in an attempt to lure top-tier talent. The debacle — and its associated lack of transparency — highlighted the need to regulate AI development, particularly when it comes to security and privacy. Companies are developing their artificial…

Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

boss

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill.  On Oct. 24 Bitcoin staged its largest single day rally in over a year, surging more than 14% on the news that the ticker of BlackRock’s spot Bitcoin ETF — IBTC — had been listed on the Depository Trust & Clearing Corporation (DTCC) website, something markets understood as a positive step forward for the funds’…

Ripple Is on a Winning Streak (but the Game Isn’t Yet Won)

For a while, it seemed like Ripple may not even survive. The firm was flush enough (thank you programmatic sales, bay-bee), but no one knew what would result from what is still, arguably, the most significant regulatory action taken against a crypto company to date. Firms like Telegram and EOS were sued, they settled and were given “slaps on the wrist” (relative to amount of money involved). Source

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

boss

Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092. Tron is moving higher above the $0.0850 resistance level against the US dollar. The price is trading above $0.0862 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.092 or even $0.095. Tron Price Regains Strength In the…

The Government Shutting Down Isn’t Great for Crypto

The House of Representatives does not look particularly close to a deal on keeping the federal government running in the short term, with House Speaker Kevin McCarthy facing dissatisfaction from his right flank, decreasing the chances of a continuing resolution that would keep federal employees paid. Source

The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit

There is a lot of evidence that when the user benefit is great enough, users are willing to jump through UX hurdles and learn new behaviors, in crypto and beyond. Examples include the first iPhone (which lacked a touch keyboard), the internet itself, and all crypto assets and applications that have had significant adoption to date (non-fungible tokens, or NFTs, during the last bull market being a primary example). For products that solve a core need, unfamiliar and complicated UX hasn’t been a blocker. Source

Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin

boss

Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic.  However, a question that lingers is whether another crash is really the end of the world for Bitcoin. In such an event, Mike McGlone, a senior analyst at Bloomberg, believes that even a decrease in price to $10,000 would not be bad for Bitcoin. Bitcoin Still…