Posts

French investors increasingly prefer crypto over stocks, survey reveals

A new study reveals that more French investors own crypto than stocks and ETFs. The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic. A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by the pandemic. You might also like: Justin Sun offers 5% bounty as Poloniex losses cross $100 million France’s new wave of crypto investors The demographic profile of these new investors is predominantly male, with a marked preference for crypto currencies and Non-Fungible Tokens (NFTs) over traditional investment vehicles. Their investment decisions are largely influenced b
Post a Comment
Read more

JPMorgan enhances JPM Coin with a programmable payments feature

JPMorgan introduces programmable payments for JPM Coin users. Clients can now automate payments based on preset conditions. The move aims to enhance flexibility and responsiveness in transactions. In a strategic move to adapt to the evolving landscape of 24×7 crypto payments infrastructure, JPMorgan has introduced a new feature for users of its blockchain-based settlement token, JPM Coin. Clients can now leverage programmable payments, allowing them to automate transactions based on preset conditions rather than relying on standing orders for payments to occur at predetermined times. Adapting to crypto market dynamics Traditionally, JPMorgan clients had to set standing orders for payment s to take place at specific times, limiting their ability to respond dynamically to market events. With the introduction of programmable payment s, users can now program their accounts to initiate payment s when relevant criteria are met. This includes scenarios such as
Post a Comment
Read more

Global Banks Increasingly Using Ripple's Fintech For Transactions

Image
Ripple ’s partial victory in its legal battle with the SEC (Securities and Exchange Commission) has significantly increased its popularity. The firm utilizes the XRP token for cross-border transactions and remittances. A US court ruled that the firm’s sale of XRP to retail customers does not constitute securities, despite the SEC’s claims. Although the court ruling did say that the sale of tokens to institutions fell under the definition of security, more and more firms are lining up to partner with the crypto firm to utilize its blockchain network. Top banks using Ripple’s fintech platform Source: cryptonews.com HSBC: HSBC is the latest financial institution to announce a partnership with Ripple. However, HSBC will not work directly with the crypto firm. It is partnering with Metaco, another company owned by the fintech firm. The bank plans to launch a digital asset custody service for its institutional clients. Metaco will provide storage solutions for the new service, which wil
Post a Comment
Read more

Ark Invest and 21Shares partner to launch digital asset ETF suite

Five digital asset ETF products will be listed on the Chicago Board Options Exchange and are scheduled to start trading next week. Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investors looking to get digital asset s into their trading portfolio.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR — 21Shares Funds (@21shares_funds) November 8, 2023 According to the 21Shares website, the companies will utilize on-chain signals and their crypto-native experience to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures
Post a Comment
Read more

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

Image
LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink’s ecosystem. Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink's current valuation of $8.1 billion justified? Cointelegraph research shows that the impressive price surge is driven by expectations of real-world asset (RWA) tokenization and initial signs of institutional adoption. However, let's delve deeper to assess the sustainability of the current rally. Spot Bitcoin ETF expectations and real world asset tokenization boost sentiment Bloomberg's ETF strategists, James Seyffart and Eric Balhunas, issued a research note on Nov. 8, which has boosted the confidence of cryptocurrency traders. New
Post a Comment
Read more

ChatGPT predicts price of Cardano for start of 2024

Image
With Cardano (ADA) rising approximately 40% in a year and more than 30% in October alone, investors are again wondering if the cryptocurrency might reach $1 before the year is out.  Additionally, a significant surge in trading volume and the increase of Cardano staking to a value of about $8 billion that was reported on November 7 only added to the overall interest. In its search for answers for whether the current bullish sentiment is justified, Finbold decided to consult the artificial intelligence (AI) of ChatGPT on where ADA might stand on January 1, 2024.  ChatGPT weights Cardano’s merits OpenAI’s ChatGPT assessed that there are six key factors that will determine ADA’s price over the coming two months. As per the AI, these include various development milestones and upgrades of the ecosystem, staking and other on-chain metrics, and regulatory and market attitudes toward Cardano. Key factors influencing the price of Cardano (ADA). Source: ChatGPT and Finbold Tech
Post a Comment
Read more

NEAR CEO Rejects Wintermute’s 11.2M USN Token Swap for USDT Request

NEAR Foundation CEO Illia Polosukhin denied Wintermute’s request to exchange 11.2 million USN stablecoins for USDT. NEAR suspected that the acquired USN tokens may have questionable origins and potential ties to illegal activities. Illia Polosukhin, the new CEO of NEAR Foundation, took on the role to guide the organization’s growth and coordination. NEAR Foundation CEO Illia Polosukhin revealed that the organization had denied a request from crypto market maker Wintermute to exchange 11.2 million USN stablecoins for USDT. NEAR Foundation CEO Illia Polosukhin said that Wintermute acquired 11.2 million USN from Alameda estate and requested to exchange them for USDT. These USN is of suspicious origin and may be related to illegal activities, and Wintermute is trying to arbitrage. Therefore its… — Wu Blockchain (@WuBlockchain) November 8, 2023 The revelation was first reported by Chinese journalist Colin Wu. In a tweet, Wu stated that Polosukhin had flagged
Post a Comment
Read more

The company that created Moonstone Bank is no more | Protos

Image
While Farmington State Bank — which was doing business as Moonstone — sold off its assets to the Bank of Eastern Oregon and wound down in August of this year, the company that had a controlling interest in the small Washington state-based bank, FBH, also seems to be calling it quits. FBH was founded in 2020 by Jean Chalopin — the creator of Inspector Gadget and CEO and chairman of Deltec Bank and Tr US t in The Bahamas — seemingly for the sole purpose of purchasing Farmington State Bank. The mission statement and name of the bank were changed shortly after purchase to ‘Moonstone’ in order to represent its customer demographic shift: cryptocurrency companies (to the moon) and marijuana companies (stoned). End of Moonstone, end of FBH Unfortunately for Chalopin, one of the investors he sought out to buy equity in Moonstone was Sam Bankman-Fried, who poured $11.5 million into the bank for 9.9% ownership . The investment valued the third-smallest bank in America at $115 million and o
Post a Comment
Read more

FTX Transfers $19M Worth of SOL and Deposits 1500+ETH, What is Happening?

Lookonchain tweeted that FTX transferred $19 million worth of SOL out and deposited 1,583 ETH to exchanges. FTX founder is guilty of seven charges and will be sentenced by Judge Kaplan in March. A federal prosecutor says that the judge could take SBF’s age into consideration and give him a shorter sentence. Market Analysis platform Lookonchain tweeted that FTX transferred 462,964 $SOL ($19.2 million) and deposited 1,583 $ETH ($3 million) to exchanges. When the aggregate of the transfers made by FTX/Almeda was calculated as of November 7, it added to almost $275 million in crypto assets.   UPDATE: FTX transferred 462,964 $SOL($19.2M) out 8 hours ago and deposited 1,583 $ETH($3M) to exchanges 5 hours ago. As of Nov 7, FTX/Alameda had transferred ~$275M in crypto assets.https://t.co/UQrOPnA34R pic.twitter.com/ZaVpVIhba8 — Lookonchain (@lookonchain) November 7, 2023 Meanwhile, in the proceedings in the courtroom a few days ago, a jury of twelve found FTX f
Post a Comment
Read more

Shiba Inu Forecasted To Reach 50 Cents by 2024

Image
Shiba Inu (SHIB) has kicked off the week on a positive note, defying the broader trend of consolidation in the world of altcoins. In contrast to Bitcoin (BTC), the frontrunner in the crypto market, which experienced a marginal dip of 0.88%, Shiba Inu has managed to display 0.88% growth at the time of reporting. Meanwhile, its price stood at $0.000008162. This upward momentum has sparked optimism among the SHIB community. It further led to discussions about the possibility of SHIB achieving the ambitious target of 50 cents. This optimistic outlook within the Shiba Inu community is bolstered by forecasts and technical Analysis . Telegaon, a platform that employs AI-driven technical Analysis has presented an encouraging long-term outlook for Shiba Inu. According to Telegaon’s projections, SHIB could potentially reach a valuation of $0.50 between the years 2040 and 2050. Their forecast suggests that SHIB might attain a peak price of $0.089 by 2040. This will be followed by further gro
Post a Comment
Read more

FTX Creditors Seek Permission To Sell $744M Worth of Trust Assets

FTX’s creditors filed a request to US bankruptcy court for authorization to sell certain assets held in trusts. The assets include five trusts held by Grayscale, including one managed by Bitwise.  FTX and Alameda Research had previously dumped $13.5 million in assets. A court filing from November 3 revealed that bankrupt crypto exchange FTX, along with its creditors, has submitted a request to the U.S. bankruptcy court in Delaware for authorization to sell certain assets held in trusts. These assets include funds from Grayscale and Bitwise, with an approximate total value of $744 million. The filing highlighted that the sale would be carried out under the guidance of an investment advisor and noted: The Debtors’ proposed sale(s) or transfer(s) of the Trust Assets will help allow the estates to prepare for forthcoming dollarized distributions to creditors and allow the Debtors to act quickly to sell the Trust Assets at the opportune time. The “Trust Asse
Post a Comment
Read more

XRP rallies 10% in a day amid slowdown; Here’s why

Image
Even though the majority of assets in the cryptocurrency market have started to slow down or even consolidate their gains, XRP is rushing on, driven by the positive narrative around the case between Ripple and the United States Securities and Exchange Commission (SEC). Specifically, XRP has already rallied more than 10% in a single day, adding up to the 23.68% increase over the previous week and 31.28% over the past month, while it has also grown its value by over 100% in 2023, according to the most recent information retrieved by Finbold on November 6. XRP 24-hour price. Source: Finbold At press time, the XRP token was changing hands at $0.6878, getting extremely close to breaking the critical psychological price level at $0.70, last seen in July, following Ripple’s massive victory in the SEC case that saw Judge Analisa Torres declare that all retail sales of XRP were non-securities sales. Meanwhile, the token has also received a massive influx of $3.49 billion to its market capi
Post a Comment
Read more

Elon Musk Impersonator Considers XRP For Payments on The X App

An Elon Musk impersonator claims X plans to use a payments system with cryptographic rails. According to the impersonator, DOGE isn’t ready, and Bitcoin cannot scale. A voice note claimed XRP is the ideal solution for payments on X. An X (formerly Twitter) user, Max Walker-Williams, posted that Elon Musk, the platform’s CEO, plans to introduce a payments system with cryptographic rails. In the post, the user referred to a recorded X-spaces session where a voice note that sounded like Musk made the claims but did not clarify which particular cryptocurrency the platform would adopt. Someone found it… pic.twitter.com/EdKwQeDYqO — Max Walker-Williams (@MWalkerWilliams) November 4, 2023 In the voice note, the supposed social media platform’s owner hinted that DOGE and Bitcoin, in their current state, do not pass as some of the cryptos that would work for payment purposes on X. It also stated that DOGE isn’t ready for such an implementation, while Bitcoin can
Post a Comment
Read more

Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

Ethereum (ETH) competitor Solana (SOL) is sustaining its upward momentum as it overtakes layer-2 scaling solution Polygon (MATIC) in daily decentralized exchange (DEX) volume. New data from blockchain tracking platform Artemis reveals that the smart contract platform has surpassed MATIC in both overall DEX volume and the number of daily transactions. Artemis’ data shows that as of yesterday, Solana had a DEX volume of about $240.5 million, outpacing Polygon’s $137.5 million. The numbers also show that Solana greatly surpassed Polygon – and other digital assets such as ETH and Avalanche (AVAX) – in terms of daily transactions. Solana has seen millions more daily transactions compared to its competitors, logging 19.5 million on November 2nd compared to ETH’s 1.05 million, MATIC’s 2.59 million, and AVAX’s 192,000. Another chart that displays Solana’s recent upward momentum is that of market cap. Since the start of October, SOL has been outpacing its competitors in
Post a Comment
Read more

Shiba Inu’s surprise announcement, Ethereum and Everlodge are trending

Image
In crypto, Shiba Inu (SHIB), Ethereum (ETH), and Everlodge (ELDG) have been making headlines, mainly because of their storylines.  Shiba Inu recently made a surprise announcement , sparking activity in its community. Meanwhile, ETH continues to edge higher.  Amid this, Everlodge is emerging as a new contender in real estate, integrating blockchain technology as it seeks to reshape property investment.  Shiba Inu: what’s in store for SHIB? Shiba Inu, a meme-inspired crypto project, recently made a surprise announcement , spurring activity.  You might also like: Shiba Inu’s Shibarium reemerges after initial setbacks Though details are scant, the Shiba Inu development team hinted that they will introduce a major change in blockchain.  Shib Army, brace for a seismic shift in the blockchain world! Attention, Shib Army! We all love a good surprise , and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away! Plus, here’s y
Post a Comment
Read more

‘We were worried about ecosystem startups' — Solana CEO on FTX collapse

Image
Solana co-founder Anatoly Yakovenko reflects on the fallout of FTX's failure and its initial impact on Solana ecosystem builders. The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout.  Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, Solana co-founder and CEO Anatoly Yakovenko recalls his concern for several projects that were building on the layer 1 smart contract blockchain protocol. “I was more worried about the ecosystem of start ups; we didn’t know how exposed teams were,” Yakovenko explains. Solana’s native token SOL saw a significant drop in value in the immediate wake of FTX’s bankruptcy, with its token trading at $36 in early Nov. 2022 before dropping as low as $12 in the days after the exchange’s collapse . Related: Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial Solana’s
Post a Comment
Read more

Solana Price Prediction - With Dip Back To $40, Is It Too Late To Buy $SOL?

Image
Major cryptocurrencies are back to their bullish ways, with the Bitcoin price today finally breaching the $35k mark before a dip. The global crypto market capitalization surged by 2% on Thursday and is currently at just under $1.3 trillion.  However, Solana is once again grabbing all the headlines, with the Solana price hitting a fourteen-month high of $46.25 before correcting slightly to trade near the $40 mark. The $SOL price is now up approximately 30% this week and 65% over the past month.  No major altcoin has been as bullish as Solana since the start of 2023, with the token now up 330% year-to-date. According to CoinMarketCap, SOL’s market capitalization is now above the $16.8 billion mark - at its highest point since May of 2022.  Despite the bullish price action, the Solana price could face selling pressure in the coming days, considering that the popular crypto is facing crucial resistances in the weekly-time frame.  The bankrupt crypto exchange FTX is also lookin
Post a Comment
Read more

Top Trader Updates Outlook on AI-Focused Altcoin That’s Exploded 307% Year-to-Date, Unveils Targets for Solana

Image
A widely followed crypto strategist is updating his outlook on one red-hot artificial intelligence (AI) altcoin. The pseudonymous crypto analyst Pentoshi tells his 707,100 Twitter followers that Fetch.AI (FET) is likely entering a consolidation phase after soaring 307% year-to-date. “Update: mid-term resistance resisting. Guessing a week or so of some consolidation and chop for this on FET before anything more significant happens. Very strong move, so naturally profit taking occurring and coins changing hands.” Source: Pentoshi/X FET opened the year at $0.0922 and is trading for $0.375 at time of writing, after retracing from $0.3909. Next up, the trader says Solana (SOL) will likely take out range highs before retracing to the $32 level to set up another move to the upside. “SOL take out these equal highs at the top of the range and in next couple weeks likely a chance to refuel at the mid-range at $32.” Source: Pentoshi/X Solana is trading for $43.14 at t
Post a Comment
Read more

FTX and Alameda Research Dump $83.6 Million on Binance, Coinbase

Bankrupt FTX and Alameda projects transfer $13.6 million to major exchanges in 24 hours. Cumulatively, they have moved over $83 in various cryptocurrencies within a week. FTX and Alameda still control over half a billion dollars in various cryptocurrencies. In a recent development, it has come to light that addresses closely associated with the bankrupt crypto projects FTX and Alameda have engaged in significant transfers again within the last 24 hours.  According to multiple on-chain tracking resources, FTX-tagged wallets have moved six crypto assets worth over $13.6 to crypto exchanges Binance and Coinbase today alone. Their most recent crypto movement at the reporting time was valued at $5.49 million. These transfers encompassed a range of popular Ethereum Virtual Machine (EVM) tokens. It includes $2.64 million in DYDX, $1.05 million in AXS, $520,000 allocated to AAVE, and $4.85 million directed towards GRT. Prominent Chinese reporter Colin Wu captured
Post a Comment
Read more

Bitcoin Price Prediction: $76 Billion Asset Manager Says BTC Is ”Close To Perfect Trade,” And That’s Great News For This New Presale

Image
The Bitcoin price remains unchanged over the last 24 hours, rising a mere 0.8% to trade at $34,370 as of 2:00 a.m. EST.  The rally witnessed in the BTC price since Oct.13 appears to be fizzling out as the big crypto token turns down on the daily timeframe. Bitcoin, however, remains bullish in the medium to long term. It is up 23% over the last 30 days and 17% over the last three months. The flagship cryptocurrency is also up 18% over the last six months and remains bullish in 2023 as its year-to-date (YTD) gains stand at a whopping 108%. As BTC continues to maintain its stability, analysts project a positive outcome for the cryptocurrency going into 2024. Jan van Eck, CEO of giant asset management firm VanEck, says that conditions are becoming extremely favorable for the cryptocurrency industry as 2024 draws near. Speaking in a new interview on the Empire podcast , he says that Bitcoin has now been established as the main alternative to gold as a store of value. With the Fed chang
Post a Comment
Read more