The 2024 United States elections will be held on Nov. 5, as digital asset policy becomes a growing concern among pro-crypto voters. As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace…
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Bitcoin price is down 6.5% from its recent local high, and market analysts expect BTC to bottom in the $65,000 to $69,000 range. Bitcoin price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week. Data fromCoinbase shows that the BTC price fell from a…
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The move by UBS to launch a tokenized fund on Ethereum is like “putting ETH right into the heart of traditional finance,” says one crypto commentator. The Union Bank of Switzerland (UBS) has rolled out a tokenized fund on the Ethereum blockchain network after highlighting the increasing interest among investors for tokenized financial assets. In…
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A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows. An unknown PR agency that claims to know the true identity of Bitcoin creator Satoshi Nakamoto says it will reveal this long-held secret in a press…
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Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours. Shares in Meta Platforms Inc. and Microsoft Corp both fell in after-hours trading despite strong Q3 earnings on Oct. 30, as executives reduced their earnings outlook and forecasted more AI…
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Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically. Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game theory is now in motion,” Nico…
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ETF analyst Eric Balchunas said the outsized trading volume across BlackRock’s spot Bitcoin ETF is proof that investors are panic-buying Bitcoin as the asset nears an all-time high. Daily trading volume for BlackRock’s Bitcoin exchange-traded fund (IBIT), surged to $3.35 billion during the trading day of Oct. 29, its highest level in over six months.…
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If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise chief investment officer Matt Hougan. Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US…
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Crypto analysts suggest a Trump victory could give the crypto market a “dopamine hit,” but with considerable volatility already priced in, traders should remain cautious. Many crypto industry pundits have predicted that a Donald Trump victory in the United States presidential election on Nov. 5 may trigger a major crypto market rally. Still, some analysts…
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Share prices of Bitcoin miners soared as high as 24.4% on Oct. 28 as Bitcoin rallied over $70,000 — with an analyst pointing to an increasingly favorable macroeconomic climate and miners’ continued diversification into AI.…
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