Bitcoin remains on track to deliver “possible” further gains of up to 30% versus current BTC price levels, says CryptoCon. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-model-45k-phase-november
Month: October 2023
What Is Moonpay and How Does It Work? A Beginner’s Guide – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly
The crypto ecosystem thrives on innovation and trust, especially when it revolves around converting cryptocurrency to fiat. MoonPay is one such platform that’s been making waves, offering users a promising blend of ease and security. However, in an industry where safety is paramount, how does MoonPay measure up? In this article, we’ll explore the essence of MoonPay and evaluate its…
Bitcoin price model expects $45K ‘phase’ to hit in November
Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon says. In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels. Analyst: $45,000 next month “possible” for Bitcoin Bitcoin reaching 17-month highs this week has many market…
Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
Pro-Ripple lawyer John Deaton has said he expects a lengthy legal process for the Securities Exchange Commission (SEC) v Ripple case, possibly lasting a year. Deaton suggests that a settlement may only be considered if Coinbase’s motion to dismiss (MTD) the SEC’s case against it is successful. In a detailed post on X (formerly known as Twitter), Deaton discussed the…
Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches
Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024. The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting the supply of the asset amid growing demand and leading to bullish price momentum.…
Mastercard partners with crypto payment firm MoonPay for Web3 services
Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing, or new ways to connect with Mastercard’s consumers. The firm also took to X (formerly Twitter) to report that MoonPay’s enterprise president…
Sam Bankman-Fried has no way to ‘out-fox’ prosecutors: Scaramucci
Sam Bankman-Fried will be no match for government prosecutors who will poke holes in his defense when he takes the stand in his criminal trial, says SkyBridge Capital founder Anthony Scaramucci. In an Oct. 25 interview on CNBC’s “Last Call,” Scaramucci said the Department of Justice prosecutors will “point out all the contradictions” he believes Bankman-Fried has made which will…
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
Google’s parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. Source: https://cointelegraph.com/public/index.php/news/tech-stocks-tumble-billions-crypto-market-cap-surge
FTX probes $6.5M in payments to AI safety group amid clawback crusade
Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS). In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million to CAIS between May and September 2022 — months before the…
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to make up a quarter of…