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Financial Giant Fidelity’s Director Sees Bitcoin as ‘Exponential Gold’


Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value —...

ATP Tennis Tour Unveils NFT Drop for Personalized 2023 Finals Posters


The Association of Tennis Professionals (ATP) has unveiled a partnership with digital art platform Artchild and artist Honor Titus to introduce fan-customizable digital and physical tennis posters during the upcoming 2023 Nitto ATP Finals. The partnership, titled POSTER, will allow fans...

Billionaire Stan Druckenmiller: I Don’t Own Bitcoin but I Should


Renowned billionaire hedge fund manager Stanley Druckenmiller says he doesn’t own any bitcoin but he should. He sees the crypto as a brand. When comparing bitcoin to gold, he said: “It’s clear that the young people look at it as a store of value because it’s a lot easier...

Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study


As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...

Biggest Movers: LINK Nears 18-Month High on Saturday, as Bulls Extend Momentum


Chainlink moved towards an 18-month high to start the weekend, following a second day of bullish momentum. The cryptocurrency rose by as much as 7% in today’s session, despite the global market cap mostly consolidating on Saturday. Cardano also rallied, nearing a multi-month high of its own....

JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin


JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....

SBF’s Legal Battle: Scaramucci’s Grim Outlook on Testimony


FTX founder Sam Bankman-Fried began testimony in his own fraud trial on Thursday, defending himself from accusations of intentionally defrauding his exchange’s customers. Prior to taking the stand, SkyBridge Capital founder Anthony Scaramucci said that the former crypto mogul’s odds...

Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak


Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its...

Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils


Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly...

Biggest Movers: TON, ADA Rebound From Recent Points of Support


Toncoin rebounded from a three-week low on Thursday, as the cryptocurrency collided with a key support point. The move comes despite the global crypto market mostly consolidating during today’s session. Cardano was another notable mover, rallying away from a support point of its own. Toncoin...

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