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Following a massive upside push that the cryptocurrency market has recently made under the leadership of Bitcoin (BTC), artificial intelligence (AI) and machine learning (ML) algorithms predict further success for the flagship decentralized finance (DeFi) asset for this year’s Halloween. Indeed, after things started to look bleak this month, the famous ‘Uptober’ seems to have returned, and AI-driven algorithms deployed at the cryptocurrency analytics platform CoinCodex suggest more gains by Halloween, setting the price of Bitcoin at $41,160 for October 31. Bitcoin 1-month price prediction. Source: CoinCodex According to the most recent information, this predict ed price would represent an increase of 20.04% from the price of the maiden crypto asset at the time of publication on October 24. At the same time, ChatGPT, the text-based AI platform that is the brainchild of OpenAI, provided some historical context, pointing out that Halloween in previous years “has seen significant ...

The crypto world is at a crossroads. Discover why tech leaders believe the SEC might be on the wrong path. The world of finance is changing fast, especially with the rise of cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) is in charge of making sure things run smoothly and fairly for everyone. But, as new tech like crypto becomes popular, some big names in the business world think the SEC isn’t handling things quite right.  Let’s dive into what they have to say about the SEC’s approach. Musk, Cuban, and the SEC As the constant debate over what constitutes “fair play” in the financial world continues, Elon Musk and Mark Cuban emerge as two defiant figures challenging the conventions set by the SEC.  Elon Musk  Known for his ventures like Tesla, SpaceX, and his recent rebranding of Twitter to X, Musk is frequently at odds with regulators, including the SEC. His history with the agency is notable, especially the incident in...

Bitmain, the largest maker of Bitcoin (BTC) mining rigs, said it plans to launch the Aleo mining machine .  The Aleo project uses Zero Knowledge Proof (ZKP) technology and provides full-stack programmability, and users can build privacy applications on the Aleo network. Aleo aims to create a blockchain network that considers decentralization, scalability, and privacy protection.  “The Aleo project deeply uses Zero-Knowledge Proof ( ZKP ) technology and aims to build a blockchain network that takes into account decentralization, scalability, and privacy protection.” Aleo project Earlier, it was reported that the company partially failed to pay salaries to employees for September due to its difficult financial situation. The company discovered negative cash flow for the month. Bitmain also fired three workers for “illegally publishing the company’s salary announcement.” You might also like: Bitmain fired employees after salary data leak However, shortly before the ...

Michael Saylor’s big bet on Bitcoin is paying off for MicroStrategy, despite the cryptocurrency’s steep price decline this year. MicroStrategy has accumulated a stockpile of 152,000 bitcoin s purchased for $4.52 billion as of June 28, 2023. With the price of bitcoin currently around $29,865, the firm is sitting on unrealized gains of over $60 million for its holdings. Also read: Shiba Inu Price Prediction (SHIB): October End 2023 JUST IN: Michael Saylor’s MicroStrategy #Bitcoin investment is currently at a $60,000,000 unrealized gain. — Watcher.Guru (@WatcherGuru) October 22, 2023 MicroStrategy remains firm with Bitcoin HODL strategy The results validate a long-term investment strategy Saylor has stuck to, even amid extreme volatility. While the crypto bear market has ravaged prices, MicroStrategy continues holding and acquiring more bitcoin when opportunities arise. In April and June of this year, with bitcoin trading near $30,000,...

A widely followed crypto analyst is expressing bullish sentiment on Bitcoin Cash (BCH) after a sudden move to the upside. Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the social media platform X that BCH could soar 25% from its current value. “BCH: no clue why this is pumping so well but keep it going. The chart is clean on this one. I think it’s still going to go higher. Buying a dip around $220 would be nice.” Source: Altcoin Sherpa/X The trader uses the Fibonacci retracement levels to suggest that BCH may dip to $220 before a rally to $300. Bitcoin Cash, a Bitcoin (BTC) hard fork that spun off from the top crypto asset in 2017, is trading for $240 at time of writing. Next up, the trader says that the crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish. “On-chain coins are doing really well lately. RLB, UNIBOT both still looking good but there are lots of other really strong mid-caps...

1. Ryder – Undisclosed Date: October 20, 2023 Financing Amount: $1.2M Category: Web3 Infrastructure Subcategory: Hardware Wallet About Ryder: Ryder has successfully raised $1.2 million in its recent funding round, marking the launch of its pioneering Ryder One hardware wallet. This unique physical device eliminates the traditional seed phrases, replacing them with the innovative TapSafe recovery feature. Prominent backers of this round include Oak Grove Ventures, Bitcoin Frontier Fund, Muneeb Ali from Trust Machines, and SBX Capital. Investors Snapshot: Oak Grove Ventures Type: Fund Portfolio Companies: 1 Bitcoin Frontier Fund Type: Fund Year Founded: 2021 Portfolio Companies: 4 Muneeb Ali Type: Angel Investor Location: USA Portfolio Companies: 1 SBX Capital Type: Fund Location: UK Year Founded: 2020 Portfolio Companies: 4 Email: saoud@sbxcapital.co Company Profile: Ryder is a transformative hardware wallet designed to seamles...

Jonah — a popular Twitter account of a pseudonymous crypto trader — made waves this week with a scathing Twitter thread explaining why he believes Solana’s future prospects look grim. In his Oct. 18 tweet, Jonah kicked off the thread by claiming Solana has a “structural oversupply of blockspace” and its speed advantage won’t matter for years. He went on to criticize Solana’s ties to FTX, Jump Trading, and Multicoin Capital, suggesting their plan to “watch your transactions and systematically frontrun them” is a major red flag. Further, Jonah argued decentralization is critical in crypto and centralized entities like FTX cannot be trusted, especially after recent events. He predicted developers will avoid building on Solana while FTX dumps tokens, stifling innovation. You might also like: Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program Technologically, Jonah believes Solana’s ...

The U.S. Securities and Exchange Commission (SEC) and Ripple have agreed to a “dismissal with prejudice,” potentially averting an upcoming trial. The U.S. Securities and Exchange Commission (SEC) has informed the U.S. District Court for the Southern District of New York that the parties in its ongoing case against Ripple have agreed upon a “dismissal with prejudice.” This implies that there will be no need for the previously scheduled trial. However, the announcement does not mean that the SEC’s civil case against Ripple, initiated in 2020, has been dropped altogether. The exact nature and outcome of this dismissal remain to be seen. Both parties will discuss the appropriate remedies for Ripple’s alleged Section 5 violations regarding its Institutional Sales of XRP. They have until Nov. 9, 2023, to agree upon a briefing schedule, or they will seek a plan from the court. Today was an even better day. Ripple: 3 SEC: 0 In all seriousness, Chris and...

Circle announced the launch of a new platform that uses pre-vetted templates to make building Web3 apps easier for traditional developers. Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows developers to deploy smart contracts using a set of pre-vetted code templates and either a console or REST APIs, making it potentially easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that lets developer s pay for their users’ gas fees, which they claim may make onboarding users easier. 1/ Introducing Gas Station and Smart Contract Platform - built for #devs & available in beta! Our two new #Web3 Services products provide solutions for devs & businesses to remove cost, complexity & friction for app users. Let’s dive in to learn how ou...

The BRICS alliance is indulging in massive sell-off by offloading billions worth of US treasuries and stocks. China is on a US Treasury dumping spree as it looks to halt the rise of the US dollar against the Yuan. The Chinese government is defending the weakened Yuan by offloading billions worth of US treasuries and stocks from its reserves. BRICS member China dumped $21.2 billion in US treasuries and stocks in August, according to latest data released by the US Treasury Department on Wednesday. This is the highest that the Chinese government sold US government bonds in four years. Also Read: BRICS Is Now Richer Than G7 Countries The sell-off comes at a time when the Chinese Yuan fell to its 10-month low against the US dollar. Reports state that the Communist government initiated state-run banks to intervene in the currency markets on behalf of the Central Bank. The bulk of the offload came from state-run banks as they dumped US treasuries and equities worth $21.2 billion....

Shiba Inu’s burn rate increased substantially, with a total of 84,203,486 Shib tokens burned. Over the past 24 hours, the Shiba Inu token has experienced 9 transactions. The memecoin is currently priced at $0.00000674 with a plunge of 2.69% in one day and 1.20% in 7 days. Shiba Inu has become a prominent player in the fluctuating crypto market within a short period of time, garnering investors’ interest. Over the recent days, Shiba Inu has been creating shockwaves in the industry with the astounding increase in the burn rate. The official Shib burn tracker Shibburn took to X (formerly Twitter) earlier today to draw the community’s attention to the appreciable performance of the decentralized cryptocurrency. According to the tweet, the burn rate of Shiba Inu has substantially increased, with a considerable amount of tokens, to be specific, 84,203,486 Shib tokens successfully removed from the total supply of the tokens in one day. The post also shed light on th...

SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support. Rollux offers a comprehensive suite of DeFi tools and privacy-focused SuperDapp. Syscoin’s architecture and UTXO Bridge boost Web3 scalability and interoperability. SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This development represents a significant leap in the DeFi universe, enhancing the Web3 ecosystem’s performance and inclusivity. The Rollux Phase 2 Rollux Phase 2 signifies a quantum leap in the DeFi universe, marked by innovation and inclusivity. SYS Labs’ commitment to enhancing the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance. Rollux, an EVM Layer-2 solution, harnesses the s...

Memeinator will return by 132% during its 29 presale stages The project has utility in AI, staking, Web 3.0 gaming, and NFTs Memeinator could replicate meme gains, with about a 1,000% surge in potential What’s the future of meme crypto currencies? Undeniably, the meme coin sector has exponentially grown from a market cap of $0 in 2020. In August 2023, cumulative trading of meme tokens peaked at $36 billion. However, the meme sector has not been without controversies. Parody and fake projects have been a thorn to investors. Memeinator promises to clean the sector using cutting-edge AI technology. The project’s token has been on  presale , with investors buying over $748,130 in less than 3 weeks. Is Memeinator the best meme crypto project of 2023? It is still too early to speculate whether Memeinator will be the  best meme coin of 2023. However, there are suggestions it could be the most attractive project. First, Memeinator is t...

The X user Emperor Osmo revealed that the number of new contracts on Avalanches-C-Chain has reached a 6-month high. Despite the positive development, the price of AVAX dropped 1.93% over the past 24 hours. A significant bullish technical flag was on the verge of being triggered on AVAX’s daily chart. The number of new smart contracts deployed on Avalanche’s (AVAX) C-Chain have spiked over the past few days. In an X (formerly Twitter) post published earlier today, the X user Emperor Osmo revealed that the number of new contracts on this specific chain has reached a 6-month high. New Contracts deployed on @avax C-Chain reach a six-month high. Quite a bit happening on the red chain. pic.twitter.com/JtcJLN9UF5 — Emperor Osmo (@Flowslikeosmo) October 17, 2023 The positive development was not able to influence AVAX’s price positively. At press time, the cryptocurrency market tracking website CoinMarketCap indicated that the altcoin suffered a 24-hour los...

Ripple published a new job listing for a senior manager of shareholder communications, sparking speculation it may be preparing to go public. BREAKING 🚨🚨 #Ripple Is Getting Ready For IPO. #XRPHolders #XRPCommunity pic.twitter.com/Orhn5dWyxN — XRP CAPTAIN (@UniverseTwenty) October 16, 2023 Making the announcement on its website’s career page, Ripple described the role’s responsibilities as including communication with the company’s shareholders and investors, a task that is mainly carried out in publicly traded companies.   “With the CFO and other senior leaders, build and maintain meaningful relationships with analysts, and educate existing and prospective shareholders and investors on the company’s product/business strategy and goals, performance, financial position, and announcements,” Ripple wrote in the job advertisement.  The ad reaches out to candidates in New York City, Miami, and London.  If ...

The FTX bankruptcy team said it has an agreement to settle customer claims in 2024. The plan will return 90% of lost assets to customers but is subject to court approval. FTX will exclude customers who knew about FTX’s misuse of customer funds from recovering lost assets. FTX Trading Ltd and affiliated debtors on Tuesday announced a proposed settlement for customer property disputes that may see customers reclaim 90% of lost assets in mid-2024. The FTX debtors said the agreement reached with creditors is a “major milestone” in their Chapter 11 case. The FTX bankruptcy committee floated a plan that was raised by FTX last year on the brink of its collapse to settle bankruptcy claims. A notice of the proposed settlement was submitted by the FTX debtors with a Delaware-based U.S. bankruptcy court on October 16. However, the group of debtors will formally file the plan on December 16 to seek the court’s approval. As per the filing, the amended Plan Term S...

Charles Hoskinson, co-founder of Cardano, addressed speculation about preferential treatment for Ethereum by the SEC compared to XRP. Hoskinson emphasized the need for substantive proof before making allegations. He argued that without an investigation, SEC’s motivations for a “free pass” to Ethereum remain unknown In a recent live on X, Charles Hoskinson, the co-founder of Cardano, addressed lingering speculation about whether Ethereum received preferential treatment from the SEC compared to other cryptocurrencies like XRP. Hoskinson cautioned against jumping to conclusions without evidence. Something a Little New https://t.co/hRu6JJzZ5p — Charles Hoskinson (@IOHK_Charles) October 15, 2023 Hoskinson acknowledged the frustration around this topic but stressed the need for substantive proof before alleging misconduct. He argued that without a proper investigation, it’s impossible to know the SEC’s motivations for a pote...