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Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise
21.10.2023
In the turbulent macroeconomic landscape marked by clashes in Ukraine and Israel, and with the Fed’s Jerome Powell alluding to persistent and escalated interest rates, the 10-year Treasury note has soared to 5% — a milestone not seen since 2007. Amid this whirlwind, both gold...
NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn
21.10.2023
Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions....
Biggest Movers: SOL Rallies Towards $30, Following 33% Surge in Price
21.10.2023
Solana has undoubtedly been one of this week’s biggest gainers, with price rallying by as much as 33% in recent days. The move comes as the global crypto market cap remained mostly in the green to start the weekend. Chainlink was another big mover, hitting a three-week high. Solana (SOL) Solana...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Lower as Traders Secure This Week’s Profits
21.10.2023
Bitcoin traded around the $30,000 region to start the weekend, as markets remained optimistic that an ETF approval could be looming. This has been the topic of the week, with many speculating how high crypto markets could surge on such potential news. Ethereum slipped from Friday’s peak....
Bank of Russia Predicts Digital Ruble Won’t End Other Payment Methods
21.10.2023
The Central Bank of Russia does not expect the introduction of the digital ruble to end the popularity of other non-cash and cash payment options. According to statements offered by Alla Bakina, director of the bank’s national payment system department, other non-cash payment options have...
Binance Resumes Euro Transfers Through New Fiat Partners
21.10.2023
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe. Crypto Exchange...
Roblox to End Remote Work Policies; Metaverse and Digital Workspaces ‘Still Not There’
21.10.2023
Roblox, a metaverse gaming company, has recently announced the end of its remote work policies, calling all but a few workers to work from its headquarters in San Mateo, California. Roblox founder and CEO David Baszucki stated that the metaverse and digital workspaces were still not...
Crypto Exchange Coinbase Chooses Ireland as EU MiCA Hub
21.10.2023
U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under the pan-European Markets in Crypto Assets (MiCA) law....
Americans Have Their Say in Constitution for AI
21.10.2023
Anthropic has acquired the views of a group of American citizens on the fundamental principles that should govern artificial intelligence (AI). The gathered opinions have formed the basis of a “constitution for AI” as part of an attempt to explore how democratic processes can influence...
Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards
21.10.2023
Several reports have revealed that Binance, which is recognized as the leading crypto exchange by trading volume, intends to discontinue its Visa crypto card on December 20, 2023. The enterprise emphasized that only a “small number of Binance users” would be affected by this...
Ethereum Co-Founder, Consensys Sued By Early Employees Over Alleged Equity Promises
20.10.2023
More than two dozen early employees of the blockchain software company Consensys have filed a lawsuit against Ethereum co-founder Joseph Lubin, Consensys, and other parties. The plaintiffs allege Lubin broke contractual promises related to equity compensation made when the employees joined...
Amid Rising Bitcoin ETF Hopes, Critics Warn of Vulnerability and Echoes of Precious Metal Manipulation
20.10.2023
In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn’t universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors...
MultiversX Launches Strategic Partnership With Google Cloud to Further AI and Big Data Ambitions in the Web3 World
20.10.2023
PRESS RELEASE. After outlining a comprehensive strategy to spearhead the development of blockchain-powered tools and Web3 solutions that leverage and extend the reach of emerging AI technologies, MultiversX, the leading layer-1 smart contract platform, has announced a strategic partnership with...
Biggest Movers: XRP Surges as SEC Drops Lawsuit Against Ripple’s Senior Management
20.10.2023
XRP was a big gainer on Friday, as markets reacted to the SEC’s decision to drop its lawsuit against Ripple’s management team. The commission previously alleged that CEO Brad Garlinghouse and chairman Chris Larsen had violated securities laws. Solana also surged, rising by over...
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...
Bitcoin, Ethereum Technical Analysis: BTC Above $30,000 as ETF Hopes Intensify
20.10.2023
Bitcoin rallied to a three-month high on Friday, as market optimism grew that the Securities and Exchange Commission (SEC) could soon approve several spot bitcoin ETFs. As reported yesterday, SEC Chair Gary Gensler stated that the regulator is currently reviewing up to ten filings for the product....
LBank Labs Demo Day Marks a Notable Collaboration in Web3 In Partnership With Collab+Currency and Blockchain Builders Fund
20.10.2023
PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees...
Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems
20.10.2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital...
Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows
20.10.2023
Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East....
Peter Schiff: ‘No One Needs Bitcoin’
20.10.2023
Peter Schiff, a renowned economist and gold bug, has criticized Bitcoin’s role and utility in today’s economy. According to Schiff’s remarks, Bitcoin is useless, and its advocates are like a cult, trying to convince people to buy bitcoin after buying it themselves. Peter Schiff:...