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Cryptocurrency News Articles
Cryptocurrency News Weekly Update: Binance’s CZ Released, Bitcoin 70k October Prediction, Trump Keen on Crypto
Oct 04, 2024 at 07:00 am
Dapp Labs' NBA Top Shot Rebounds with WNBA digital collectables interest. Wine industry embraces blockchain with tokenized bottles and RFID tracking.
Bitcoin ETFs experienced a withdrawal of $242.66 million at the beginning of October. This was the biggest outflow since the beginning of September after hitting $1 billion spot Bitcoin ETF inflows, days before, on September 28.
The blend of feelings mirrors the nature of the cryptocurrency market. While certain investors remain optimistic about Bitcoins growth others are cashing in and leaving the market. However, a lot of analysts are still confident about Bitcoin’s prospects.
Is Bitcoin set to reach $70K in October?
Bitcoin is still dominating the spotlight in cryptocurrencies. In a report published on October 1 by FXStreet, it was suggested that Bitcoin might see an increase, to $70k by the end of this month. There has been a surge in investments in Bitcoin amounting to over $1 billion, per week. This positive outlook is fueled by investors’ fear of missing out (FOMO) as they seek to capitalize on the uptrend of Bitcoin.
Binance’s CZ Released from U.S. Custody
On September 27, Binance founder Changpeng Zhao was released from U.S. custody after being drawn into a legal storm due to regulatory practices in Binance. CZ’s legal troubles highlight the larger obstacles that players in the digital asset sector have on their path as governments toughen up global regulations to challenge them.
Trump Commits To Crypto: World Liberty Financial and Crypto is the Capital of America
The announcement by former U.S. President Donald Trump on September 30, bluntly outlined his vision and the future of cryptocurrencies in the United States. At a public event, Trump stated that he would turn America into the “crypto capital” of the world. It is worth noting that his statements came soon after the announcement of the World Liberty Financial project — a platform for financial freedom based on decentralized technologies. His post on X stated, “The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment.”
The comment from Trump signals a rising political curiosity in cryptocurrency. That stance is similar to positions taken by tech figures like Elon Musk, who floated a digital currency at one point for better government functions.
Cryptocurrency Gets Political Support, Prices Fluctuations
Reported on September 30th, Grayscale Investments and The Harris Poll presented the changes in voters’ priorities as important voter issues in upcoming elections. According to the survey, only 34% of citizens in America believe it is important for a candidate who is vying for the presidency to state his/her stand on Cryptocurrency. The poll results highlighted that media coverage of cryptocurrency is no more a curiosity but is shaping wider political outcomes.
Claims Disputes at the SEC and Consumer Crypto Interactions at Token2049
The legal framework also remained hostile to the cryptocurrency business. On October 1, the SEC lodged an appeal against a court ruling that sought to limit its regulatory powers over digital assets. The SEC is now seeking to regain powers that a federal court has previously limited for the agency. Moreover, on October 3, the SEC underlined the necessity of having proper regulations in the sphere of stock market security. They added that the results of this court case could determine how digital assets will be governed in America.
Cryptocurrency News Weekly Update: Binance’s CZ Released, Bitcoin 70k October Prediction, Trump Keen on Crypto
Dapper Labs’ NBA Top Shot Rebounds with WNBA digital collectables interest
Wine industry embraces blockchain with tokenized bottles and RFID tracking
Consumer Crypto: The Next Big Shift
Token2049 Singapore presented the debate over what is the next major consumer crypto trend. During a side event, specialists described different sectors where digital currencies slowly start to become incorporated into people’s daily lives. The Street, in particular, reported on the event and stressed that people now start to use cryptocurrencies as tools for daily settlements. As one of the speakers stated, “The future of crypto is much more than finance, it is about encompassing it in every action.”
Recent Technology Advancements and New Updates in Decentralized Exchange (DEX)
Two major developments in the tech sector that remained relevant this year include blockchain and artificial intelligence or AI. There was an article The Street that discussed the problem of availability of internet data for training these AI models. According to the Anderson, Nelson and Ragheb sources, as AI develops, new such things as the proper management of undersized data sets has emerged.
According to Lisa Gibbon’s report, blockchain solutions might be to provide decentralized and transparent systems for sharing data. A source in the article mentioned that “AI and blockchain together present massive innovation opportunities, but conserving the data opportunity is the solution.”
AMA with SparkDEX From DeFi 1 to DeFi2 to DeFi 3
In decentralized finance, decentralized exchanges (DEXs) emerged to popularity with people rallying towards security and transparency. On September 27, Blockleaders conducted an AMA session with Sparkdex that has become increasingly
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- French treasure hunt 'On the Trail of the Golden Owl' appears to have come to an end after 31 years
- Oct 04, 2024 at 10:20 am
- A 31-year-long treasure hunt that drew in thousands of enthusiasts across France appeared to have come to an end Thursday, after official social media accounts linked to the search said the token needed to claim the grand prize had been found.
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- Crypto Index Investing Gains Momentum as Asset Managers Seek to Drive More ETF Products
- Oct 04, 2024 at 10:15 am
- Crypto index investing seems to be gaining momentum based on recent filings from potential issuers. On the 1st of October, Hashdex submitted an amended registration filing (S-1) with the U.S. SEC after the agency requested more time to review its crypto index ETF's initial application.