Bitcoin’s ETF hype-inspired rally may have run out of steam, but several leading altcoins still surged. Source: https://decrypt.co/204370/this-week-in-coins-bitcoin-rally-cools-and-solana-explodes
Month: November 2023
English school turned BTC miner in China expands capacity with 220 new units
China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month. The deal was made with “two unaffiliated third parties” for Bitmain Antminer S19j Pro units in…
Stablecoin Supply Has Bottomed Out—Is It Bullish for Crypto?
Notable crypto talking heads are calling it: there’s now only one way things can go. “I believe that the supply of stables has bottomed and will be Up Only from here,” tweeted Nic Carter. After dropping for most of 2023, the total supply of all stablecoins appears to have stalled. But why? Instead of stablecoin holders pulling their digital dollars…
Opinion: With Bitcoin’s halving months away, it may be time to go risk-on
Robert Kiyosaki has predicted that Bitcoin’s price is going to reach $100,000. Michael Saylor is aiming for $1 million. Is it a good time to start buying? Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-halving-months-away-may-time-risk-on
Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts
The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked name of the Federal Reserve’s…
BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move. A mild correction during an uptrend does not signal a trend…
FTX Is Handing Over Customer Crypto Trading Data to the FBI
Bankruptcy advisors to collapsed crypto exchange FTX passed customer information to the United States Federal Bureau of Investigation (FBI), according to court records. A number of FBI offices—including Philadelphia and Oakland—have received client transaction data, consultancy Alvarez & Marsal documents show. Bloomberg first reported the news. The documents reveal that feds made the request to sift through the data to “investigate…
Could regulation have prevented Sam Bankman-Fried’s criminal verdict?
Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its verdict in less than 10 minutes after nearly 4 hours of deliberation, leaving his parents to fall silent in the crowded courtroom at the Southern District Court of New York. Over the course…
DeepMind co-founder chides Elon over UK AI summit comments: ‘He’s not an AI scientist’
World renowned AI scientist Mustafa Suleyman appears to disagree with Elon Musk’s assessment of the threats and benefits A.I. technologies could pose in the future. Source: https://cointelegraph.com/news/deep-mind-co-founder-mustafa-suleyman-chides-elon-over-uk-ai-summit-comments-he-s-not-an-ai-scientist
CME Bitcoin futures hit record high, but uncertainty looms above $36K
Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active…