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Cryptonews
7d
299
Image Credit: Cryptonews
AI and Crypto Revolution Is Coming, Says Raoul Pal, with Bitcoin Potentially Hitting US$2.6 million
- Entrepreneur and founder of the financial education platform, Real Vision, Raoul Pal, has speculated about the impact of artificial intelligence (AI) on society, arguing that it could “break the entire economic model.”
- Pal believes AI's level of innovation will result in two types of people: those who merge with machines and those who don’t. He thinks investing in blockchain could be the best way to survive the impending all-consuming technological revolution.
- The scarcity of blockchain will make it more important, and Pal predicts that Bitcoin could reach $2.6m by the early 2030s.
- Pal added that blockchain isn't really about money or finance, but about truth. Having a verifiable source of truth will be essential in the world of tomorrow.
- Blockchain can solve a lot of problems without us even realizing they exist, creating a global infrastructure layer in which people can invest.
- Pal suggests that investing in blockchain is like investing in future technologies and use cases built atop layer 1 networks like Bitcoin and Ethereum
- Raoul Pal does not recommend investing in assets other than tech stocks or crypto. He believes that in a digital world, everything goes to zero except for blockchain.
- Pal predicts a Bitcoin high of $2.6m and an Ethereum high of $125,000 by 2034, with the total crypto market cap soaring to $100tn.
- Young people should move towards industries that will be the least impacted by AI. These include the AI industry itself or jobs that will be harder to automate, such as eco-tourism since they are human-centric roles.
- Pal predicts that society will fracture along AI lines, with those that opt for brain implants embedding neural links for enhancement and those that reject AI and remain fully human.
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Cryptonews
7d
245
Image Credit: Cryptonews
Trump Made Big Promises for Crypto, Here’s What’s Next According to Experts
- Donald Trump has promised major changes for the crypto industry, including dismissing SEC Chair Gary Gensler and creating a Bitcoin reserve.
- Crypto analysts and industry leaders anticipate deregulation and increased institutional adoption under Trump's administration.
- However, the fulfillment of Trump's promises faces legal and political hurdles.
- Despite the uncertainty, the crypto market reacts positively, setting new price records.
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Cryptonews
7d
137
Image Credit: Cryptonews
CME Bitcoin Futures Hit Record $13.15 Billion in Daily Trading Volume Amid Surging Demand
- The Chicago Mercantile Exchange (CME) recorded a record of $13.15 billion in daily trading volume for Bitcoin futures, indicating the increasing popularity of Bitcoin in financial markets.
- Bitcoin's price surged past $75,000 after Trump's re-election, fueling demand and attracting strong interest from institutional investors.
- The CME's basis, measuring spot-to-futures price gaps, rose sharply from 7% to over 15%, indicating heightened demand for Bitcoin futures among US institutional investors.
- The Bitcoin options market anticipates further gains, with contracts targeting $80,000 as November contracts approach expiration, supported by hopes for regulatory easing under Trump's administration.
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Cryptonews
7d
344
Image Credit: Cryptonews
After Fresh All-Time High, Bitcoin Eyes $77K as US Fed Lowers Interest Rates
- Bitcoin's price soared 8% in the past week, reaching new highs above US$76,943 following Trump's electoral victory.
- Global central banks, excluding Australia's RBA, are reducing interest rates, contributing to Bitcoin's upward trend.
- Recent statements by Fed Chair Jerome Powell clarify that US elections and presidential pressures have no immediate policy impact.
- Analysts highlight substantial capital inflows into Bitcoin, setting the stage for further price increases.
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Bitcoinist
7d
170
Image Credit: Bitcoinist
Exchanges Receive 2nd Largest Stablecoin Inflows Ever: Fuel For Bitcoin?
- Exchanges have received the second largest stablecoin inflows ever, potentially benefiting the Bitcoin rally.
- The Exchange Inflow for stablecoins has seen a sharp increase, indicating high demand for trading.
- Stablecoin exchange inflows suggest that investors are looking to sell these tokens and potentially buy into volatile assets like Bitcoin.
- Massive deposits of ERC-20 stablecoins, amounting to $9.3 billion, were made to platforms like Binance and Coinbase.
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Bitcoinist
7d
220
Image Credit: Bitcoinist
Latecomers To Bitcoin Rally Get Cautionary Advice From Analyst, Here’s Why
- Latecomers to the Bitcoin rally are being cautioned by analysts about potential risks and market pullbacks.
- Crypto analyst Ali Martinez warns that while BTC's long-term outlook is promising, investors should be prepared for short-term volatility and corrections.
- Martinez predicts a possible price correction to $72,000 before a potential rally to $78,000, with a target peak at $85,000.
- Maintaining momentum is key for Bitcoin's entry into uncharted territory, according to analyst Negentropic, who suggests a bullish trend may lead to higher peaks.
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Changelly
7d
0
Image Credit: Changelly
Best Crypto to Buy Now: Cryptocurrencies with the Most Potential
- The cryptocurrency market is experiencing a resurgence after the winter slump, leading many to wonder which cryptocurrencies are worth investing in. With a wide range of options and fluctuating prices, it can be overwhelming to navigate. We are here to help by providing insights into the best crypto choices for current market conditions.
- Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), and Solana (SOL) are some of the recommended cryptocurrencies for long-term investment stability and smart contracts and DeFi innovation, stable growth, cross-border payments, and fast transactions respectively.
- Loopring (LRC), Shiba Inu (SHIB), Avalanche (AVAX), Aave (AAVE), Uniswap (UNI), Toncoin (TON), ChainLink (LINK), Cosmos (ATOM), Stellar (XLM), Filecoin (FIL), The Graph (GRT), Hedera (HBAR), Maker (MKR), PancakeSwap (CAKE), Aptos (APT), and Enjin (ENJ) are also considered top cryptos for various purposes such as data indexing in DeFi, meme coin with expanding ecosystem potential, blockchain interoperability, affordable global transactions, decentralized storage solutions, scaling solutions, and blockchain-based gaming and digital assets.
- Solana (SOL), Toncoin (TON), Shiba Inu (SHIB), PancakeSwap (CAKE), and Cronos (CRO) are some of the cryptocurrencies which are expected to explode in the near future.
- Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Basic Attention Token (BAT), and Fantom (FTM) are some of the best coins to invest for under $5.
- Adoption, past performance, prospects of adoption, and market conditions and trends are some of the critical indicators to look into while deciding on selecting the best cryptocurrency.
- Bitcoin, Ethereum, or other established projects with solid reputations that promise longevity are recommended for long-term investment.
- AI-related crypto projects like THETA, GRT, and FET; Utility tokens of decentralized applications and cryptocurrency exchanges, such as UNI; Metaverse and NFT projects are currently popular.
- Cryptocurrency investment is known to be high risk and high reward, and there would be different coins going up. Thus, many investors prefer to buy a variety of digital assets instead of looking for one specific new crypto.
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Medium
7d
332
Image Credit: Medium
These 5 Altcoins Will SKYROCKET If Trump Wins: What You Need to Know
- A recent analysis suggests that altcoins could experience significant growth if Donald Trump wins the upcoming elections.
- The outcome of the election may lead to a more favorable regulatory environment for altcoins.
- Meme coins and altcoins with strong fundamentals are expected to benefit from a Trump victory.
- Investors are closely monitoring the political landscape's potential impact on the cryptocurrency market.
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Newsbtc
7d
382
Image Credit: Newsbtc
Shiba Inu Hits Monthly Peak — Is Another Record-Breaking Rally Coming?
- Shiba Inu (SHIB) has reached a monthly high, prompting speculation of a potential rally to new heights.
- SHIB is facing a resistance level at $0.00001900 that needs to be overcome for sustained upward momentum.
- The current market environment is more favorable, with reduced political uncertainty and a recovering crypto market.
- The vision for Shiba Inu includes an ambitious initiative to make the US a global leader in blockchain technology.
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Cryptoslate
7d
24
Image Credit: Cryptoslate
Galaxy Digital explores AI potential in response to Bitcoin mining slowdown
- Bitcoin mining firm Galaxy Digital is exploring the potential of AI in response to a mining slowdown caused by competition and rising difficulty.
- Galaxy Digital has announced a preliminary agreement with a US hyperscaler to convert its 800 MW Helios mining facility in Texas for high-performance computing.
- Other major mining companies, including Riot Platforms and Marathon Digital, are also considering AI expansions as a way to unlock new revenue streams.
- In its Q3 earnings report, Galaxy Digital reported a 27% drop in Bitcoin production, but saw growth in operating revenue and remains on track with its reorganization plans.
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Coin Telegraph
7d
270
After US election wins, the crypto industry looks to the 2026 midterms
- Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections.
- Many experts said crypto interest groups and political action committees (PACs) spent more than $100 million through campaign contributions and media buys supporting or opposing political candidates in the United States.
- As of Nov. 7, more than 200 candidates running for the House of Representatives, Senate, and White House who had expressed support for digital assets and blockchain had won their respective 2024 races.
- Crypto leaders claimed that the victories of Donald Trump for US President and Bernie Moreno for one of Ohio's Senate seats were good for the industry, proving the power of the crypto lobby.
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Bitcoinist
7d
391
Image Credit: Bitcoinist
Bitcoin Advocate Is The Top-Pick For Treasury Secretary Under Trump: Report
- Scott Bessent, a billionaire hedge fund manager, is positioning himself as the top pick for Treasury Secretary under Donald Trump.
- He has been actively canvassing candidates for deputy roles and is widely regarded as a key economic adviser to Trump.
- Bessent is a strong advocate for Bitcoin and the crypto industry, expressing enthusiasm about its intersection with Republican values.
- He believes that Bitcoin has the potential to engage a new generation of investors and highlights the importance of cultivating a market culture.
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Hackernoon
7d
133
Image Credit: Hackernoon
Understanding Runes: A Breakthrough for Fungible Tokens on Bitcoin
- Rune Protocol is the latest protocol to launch on the Bitcoin ecosystem, and one that has made waves across the entire crypto space. It was created to revolutionize the way fungible tokens were issued and controlled directly on the Bitcoin blockchain.
- The objective of the Rune Protocol is to facilitate more minor transaction management on the blockchain via the UTXO-based (Unspent Transaction Outputs) foundation that is consistent with Bitcoin’s original design.
- Casey Rodarmor, driven by his passion for innovation, created the Ordinals Protocol and later developed Rune to expand the DeFi ecosystem on Bitcoin. Establishing a robust fungible token protocol on Bitcoin could greatly expand its user base, attract more developers, and boost transaction fee revenue.
- The protocol utilizes the UTXO model to embed data about token creation and transfers directly within Bitcoin transactions without compromising transaction legitimacy.
- Runes are the basic units representing fungible tokens at the center of the protocol, which can be uniquely identified by its Rune ID, containing its value and current output.
- Three concepts establish the framework of the Runes protocol, namely; UTXOs, Runestones, and OP_RETURN.
- Etching describes a process of creating a fungible token using the Runes protocol. After miners have validated and processed a transaction containing an etched Runestone, a new Rune token is created and stored in the transaction’s allocated output.
- Burning Runes, or Cenotaphs, destroy Runes, incentivizing the conscious and meticulous use of Runes.
- Runes represents a major shift in the interaction possibilities of fungible tokens and the Bitcoin network, revolutionizing the way fungible tokens were issued and controlled directly on the Bitcoin blockchain.
- Compared to other token solutions that create tiny, unspendable outputs, Runes focuses on integration with Bitcoin's UTXO system, reducing blockchain bloat and keeping the blockchain leaner.
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Bitcoinsensus
7d
341
Image Credit: Bitcoinsensus
Bitcoin Nears All-Time High as Fed Cuts Interest Rates by 25 Basis Points
- Federal Reserve Chair Jerome Powell announced a 0.25% interest rate cut, following a 0.5% cut in September.
- Inflation rates are now at 4.5% to 4.75%, with the American economy showing signs of taming inflation.
- Bitcoin rose by 0.8% to $76,614 after the interest rate announcement.
- With the cost of borrowing money lowering as interest rates decrease, risky markets like crypto tend to react favorably.
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Bitcoinist
7d
129
Image Credit: Bitcoinist
PlanB’s Bitcoin Price Roadmap To $1,000,000 Starts Playing Out, Here’s The Rest Of The Prediction
- Bitcoin price predictions by crypto analyst PlanB are starting to play out.
- PlanB envisions Bitcoin reaching $1 million by 2025.
- According to the roadmap, Bitcoin could reach $150,000 by December 2024 and $500,000 by May 2025.
- Current Bitcoin price is $75,120 and it is expected to reach $80,000 soon.
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