Crypto analyst and Power Law advocate PlanC predicts Bitcoin could reach between $150,000 and $300,000 within the next 10 to 18 months. He believes that once Bitcoin surpasses $80,000, the likelihood of it dropping below $60,000 again becomes minimal. PlanC notes that the recent eight-month consolidation period has established a…
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Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. The report said that in the lead-up to the US elections, Bitcoin has already demonstrated “whipsaw”…
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The Hong Kong Monetary Authority (HKMA) announced a new partnership with Banco Central do Brasil (BCB) to advance cross-border tokenization initiatives, joining their respective digital currency infrastructures to conduct experimental transactions under Project Ensemble and Brazil’s Drex pilot program. The HKMA and BCB are exploring cross-border settlement models, focusing on…
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Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck’s head of digital assets research, Matthew Sigel. Speaking on CNBC’s “Squawk Box” on Oct. 28, Sigel said that much like how new gamers…
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Wallet provider Phantom services experienced nearly three hours of downtime on Oct. 28 amid users’ rush to claim GRASS tokens. Users on X reported missing balances and an inability to perform transactions. According to Phantom Status, a major incident with the wallet’s back end made the service unresponsive at 1:36…
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Inco Network and Circle Research introduced the Confidential ERC-20 Framework, an innovative solution aiming to bring compliant privacy to public blockchains The whitepaper of the new framework, published on Oct. 28, transforms standard ERC-20 tokens into confidential, encrypted versions that shield transaction amounts and balances from public view, meeting regulatory…
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Bitcoin’s price has gained momentum over the past weeks and recently touched a high of more than $69,000, which is only 6% away from its all-time high. However, the high amounts of leverage behind the impressive performance raises concerns about its sustainability. Leverage trading involves using borrowed funds to increase…
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Emory University has become the first endowment to report an investment in spot Bitcoin (BTC) exchange-traded funds (ETFs), with a total exposure of $15.8 million, according to recent 13F filings. Bloomberg senior ETF analyst Eric Balchunas noted that with Emory’s investment, every major institutional category is now represented in Bitcoin…
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Robinhood is broadening its offerings to attract more users by introducing investment contracts linked to the outcome of the November US Presidential election, according to an Oct. 28 statement. Event-based derivatives trading allows investors to speculate on specific occurrences, such as election outcomes or economic policy announcements, without purchasing related…
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The Bank for International Settlements (BIS) has collaborated with several central banks to showcase regulatory compliance in cross-border transactions through Project Mandala, according to an Oct. 28 statement. This initiative involves the BIS Innovation Hub Singapore Centre and the central banks of Australia, Korea, Malaysia, and Singapore. The project aims…