Tag: News

Bitcoin (BTC) Price and BNB Coin (BNB) Price Rally on Binance Settlement News

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AI Tokens Pump on Positive Industry News as X Corp Announces xAI Shareholding

A number of AI tokens have seen recent significant increases, following Musk’s xAI shareholder announcement, along with other news updates. Artificial intelligence (AI) tokens climbed over the past weekend following news from AI companies about the future of the sector. X Corp owner and Chairman Elon Musk said on Sunday that the company’s shareholders would have a 25% stake in xAI, Musk’s new AI company. Another factor that pumped AI stock over the last few days is news that former OpenAI CEO Sam Altman could return to the company after…

Yearn.Finance’s YFI token skyrockets on upcoming v3 launch news

Yearn.Finance (YFI), a key player in the decentralized finance (defi) sector, has witnessed a remarkable surge of 106.87% over the past week, with a 2.11% increase in the last 24 hours. As of press time, YFI is trading just under $17,800 at a market cap of $506 million. Most growth came shortly before the team behind the project announced significant updates on Nov. 16. In the announcement, the official Yearn.Finance Twitter profile stated that “Yearn v3 launches soon.” Unlike the earlier version where each Vault could only contain one strategy,…

Major Bank Predicts Significant Interest Rate Cuts – Blockchain News, Opinion, TV and Jobs

Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This development is perceived as highly positive for Bitcoin, especially in light of recent economic indicators. US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes Recent data reveals a slowdown in U.S. inflation, erasing expectations for further Federal Reserve…

Fake News on BlackRock’s iShares XRP Trust Sends Price Briefly to $0.74 Leading to High Liquidation

For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake. Amid the ongoing Bitcoin (BTC) and Ethereum (ETH), exchange-traded funds (ETFs) in the United States, the crypto community has questioned why the Ripple Labs-backed XRP has not been included and it has legal clarity. On Monday, reports circulated on the X platform that BlackRock Inc (NYSE: BLK) had filed to list an XRP exchange-traded fund (ETF). Notably, BlackRock’s iShares XRP Trust…

Evidence of Greater Traditional Finance Participation in Bitcoin – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…

Crypto news site The Block shakes off SBF ties with Foresight Ventures deal

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The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which has valued it at $70 million. Foresight Ventures, the firm behind the deal, is buying an 80% stake for $60 million. The venture capital (VC) firm says The Block will continue operations as an independent business. The media company’s CEO, Larry Cermak, is the second-largest shareholder in the company, while Foresight CEO Forest Bai will become chairman, with partner Tony Cheng taking a board seat. Cermak…

Ethereum co-founder Vitalik Buterin makes $57m in one day on ETF news

Ethereum co-founder Vitalik Buterin saw his cryptocurrency holdings surge in value by over $57 million in a single day, according to data gathered from blockchain analytics platform Arkham Intelligence. The platform reported that the assets held in Buterin’s publicly known addresses grew from $468 million on November 9 to $525 million on November 10, an increase of over 12% in 24 hours. Of Buterin’s $525 million in holdings, $518 million is in Ethereum (ETH). This means the one-day growth is almost entirely attributed to the appreciation of ETH. This Ethereum…

What is HyperWrite AI? | Blockchain News

Introduction HyperWrite AI is a cutting-edge AI-powered writing assistant that has emerged as a significant player in the realm of digital writing tools. It leverages advanced artificial intelligence to enhance writing efficiency and creativity, catering to a wide range of writing needs, from professional content creation to casual email composition. HyperWrite AI was developed to address common challenges faced by writers, such as writer’s block, time constraints, and the need for high-quality, error-free content. Utilizing the latest advancements in natural language processing and machine learning, HyperWrite AI aims to streamline…

SUI rallies amid market downturn following partnership news

The native token of the Sui blockchain, SUI, has seen its prices surge over the past week amidst a broader cryptocurrency market downturn. SUI has risen 28% in the last 7 days and is currently trading around $0.5791. The rally was strengthened despite the market downturn on the heels of Sui’s Nov. 8th announcement revealing a strategic collaboration with Space and Time (SxT), a verifiable compute layer. Sui is a layer 1 blockchain created by former Facebook developers that launched its mainnet in May 2023. It aims to provide fast…