Cryptocurrency

Hayes, known for his keen insights into the crypto market, took to social media to express his views on the Fed’s actions and their implications on the world of crypto.Under the banner of “Time to Pump Assets,” Hayes declared his intentions to accelerate his rotation out of traditional Treasury bills and into cryptocurrencies, particularly and altcoins.Despite the Fed’s decision to pause rate hikes, Hayes highlighted his concerns about inflation, citing that every measure of inflation is currently above the Fed’s target of 2%. In response, he urged followers to join him in boosting financial assets, specifically emphasizing the potential of .Additionally, Hayes anticipated a domino effect globally, as he predicted other central banks, including those in China, Europe and Japan, implementing massive stimulus measures in response to the Fed’s decision.With this perspective, the expert reinforced his conviction on the potential of cryptocurrencies and urged investors to capitalize on this favorable market environment.This article was originally published on U.Today More

The UK-based firm’s revenue for October increased by 19% to $4.26 million, up from September’s $3.59 million. This surge is notable considering the company’s stock price experienced a slight decline of 1.4% to 9.00 pence during the same period.Argo Blockchain’s mining operations in October yielded a total of 143 Bitcoins or equivalent, reflecting the 2% increase in daily production. Alongside its robust revenue and production growth, the company maintained a reserve of 21 BTC by the end of October.These figures underscore Argo Blockchain’s resilience amid rising network difficulties and fluctuating market conditions, highlighting the company’s ability to adapt and maintain efficiency within its operations. The company’s focus on minimizing economic curtailment at their Helios facility played a crucial role in achieving this growth, demonstrating the effectiveness of their strategic operational decisions.Delving into the real-time data from InvestingPro, Argo Blockchain PLC has seen a slight increase in its price total return over the past six months, with a 3.02% increase. The company’s stock closed at a price of 26.25 USD. Despite the slight decline in the company’s stock price in October, the return over the last month is strong, as pointed out in one of the InvestingPro Tips.On the other hand, a couple of InvestingPro Tips suggest potential challenges for Argo Blockchain PLC. The company is noted to operate with a significant debt burden and is quickly burning through cash. Additionally, the company’s earnings per share are on a declining trend, and analysts do not anticipate the company will be profitable this year. These factors could impact the company’s financial stability and future growth.While the company’s recent performance shows resilience and adaptability, potential investors should consider these factors when making investment decisions. For a more comprehensive understanding, it’s worth noting that InvestingPro offers numerous other tips for Argo Blockchain PLC to help investors make informed decisions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The cryptocurrency reached its peak at the 38.2% Fibonacci retracement level at $35,912 before experiencing a pullback. Despite this rise, QCP Capital warned that the broader macroeconomic environment remains largely unchanged, which could question the sustainability of this rally in sparking a long-term global uptrend in equities and bonds.In addition to these factors, QCP Capital pointed out heightened activity in the Bitcoin derivatives market. This suggests traders are preparing for a significant move contingent on spot ETF approval. However, the firm emphasized that macroeconomic indicators such as bond yields exert more influence over Bitcoin than ETF speculation.The firm also noted the impact of bond market fluctuations on investor risk sentiment and thereby influencing the crypto market. Particularly, they highlighted the 30-year Treasury yield reaching a 16-year high above 5%.As of now, Bitcoin is priced at $34,235 and risks breaking its established uptrend channel. Meanwhile, traders are observing high derivative indicators while awaiting spot ETF approval that could further boost Bitcoin’s rising spot price.Imminent events such as earnings reports from Coinbase (NASDAQ:COIN) and Apple (NASDAQ:AAPL) and the release of non-farm payroll data could trigger expected implied volatility and high call option premiums. However, significant regulatory actions led by SEC Chair Gary Gensler would be required to push the market below the $32K support level.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

These addresses have piqued interest primarily because of their dormant state. All the Bitcoins in these three wallets were transferred on Nov. 5, 2017, and have not seen any activity since then. This prolonged inactivity is intriguing and raises questions about the motives behind such a move after an extended period.Source: But what makes these transfers even more fascinating is the historical pedigree of the Bitcoin involved. The source of this traces back to a transfer from July 2011. This period is often referred to as the “Satoshi Era” – a time when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still believed to be active in the community. Such early transactions are historically significant and are viewed with a kind of reverence in the crypto space. Moreover, some of these Bitcoins appear to have links to F2Pool, as identified by bitinfocharts. Given F2Pool’s reputation as one of the earliest Bitcoin mining pools, it is plausible to assume that some early miners are behind these transactions.Speaking of price appreciation, a brief review of Bitcoin’s recent performance shows a consistent upward trajectory. Over the past few months, Bitcoin has been on a bullish run, breaking resistance levels and reaching new highs. The current atmosphere is optimistic, with many predicting further growth.This article was originally published on U.Today More

The firm had $5.62 billion in revenue in the third quarter of 2023, boosted by solid revenue growth in Cash App and Square, with $44 million in profit on its Bitcoin (BTC) holdings thanks to a price surge in recent months.Continue Reading on Cointelegraph More

Сapital injection can be a game-changer. Recently, Near Protocol managed to raise an impressive sum of $350 million in a funding round. This round was spearheaded by renowned digital investor Tiger Global. Such a substantial capital infusion not only bolstered the project’s financial standing but also played a pivotal role in amplifying investor confidence. Source: TradingViewWhen a heavyweight investor like Tiger Global shows trust in a project, it invariably serves as a strong endorsement in the eyes of retail and institutional investors. However, it creates certain risks for retail investors who might act as whenever larger players decide to cash out. Layer-1 protocol NEAR took a significant step forward in fortifying its network’s security. The platform announced its partnership with Nym, an esteemed blockchain security firm, to introduce end-to-end encryption and metadata privacy services within its ecosystem. Nym, which operates as a “Layer-0” privacy infrastructure provider, will now be sharing its expertise in mixnet tools with NEAR. This collaboration is aimed at encrypting and camouflaging blockchain traffic, thus shielding the data during its transition.The primary goal behind this strategic alliance is to offer enhanced security and privacy to NEAR users. With the rise of decentralized applications (DApps), DeFi protocols and NFTs, the need for impeccable security is paramount. Nym’s tools will address the inherent vulnerabilities present in permissionless blockchains, where transaction data, IP addresses and even geolocation data can sometimes be accessed by adept users. This exposure can pave the way for undesirable surveillance, pinpointed attacks and other forms of cyber threats.Analyzing the daily chart of NEAR, it is evident that the recent is not just a flash in the pan. The positive news surrounding the funding round and the partnership with Nym has had a clear reflection in the price trajectory. The increased volume and bullish candles, especially in recent days, indicate strong buying sentiment on the market. Furthermore, consolidation periods between the rally hint at healthy price action, making it less susceptible to abrupt bearish reversals.The cup and handle is a bullish continuation pattern that begins with a rounding bottom and is followed by a consolidation phase, the handle. The key to this pattern is the U-shaped cup formation, which appears to be in the process of forming for .On the Ethereum chart, we can see a rounded bottom taking shape since mid-August. The current price movement, approaching the resistance at approximately $1,873, is crucial in determining if the cup formation will be completed. A successful breakout above this resistance could confirm the cup’s formation and potentially signify a bullish rally for Ethereum.However, while the current chart shows promising signs, it is essential to approach this with a level of skepticism. The pattern is still in its infancy, and predicting the final formation of the cup would be premature. Several factors could impact Ethereum’s price movement, both from the broader crypto market and Ethereum-specific developments.This article was originally published on U.Today More

The firm’s net loss in Q3 was trimmed from a $545 million net loss in the prior year period, according to a Nov. 2 earnings statement.Continue Reading on Cointelegraph More

According to the November 1 announcement, Visa said that it achieved “near real-time” finality with transfers involving tokenized deposits of the digital Hong Kong dollar (e-HKD). “Tokenized deposits were burned on the sending bank’s ledger, minted on the receiving bank’s ledger, and simultaneously settled interbank via the simulated wholesale CBDC layer,” the payments firm wrote. Continue Reading on Cointelegraph More