Cryptocurrency

Examining historical trends, it is evident that October has consistently been a strong month for , with an average monthly return of 22.2%. This October’s 27.1% increase falls in line with these historical patterns, surprising some but not those well-versed in Bitcoin’s past performances.BTC to USD by Bears, however, find themselves caught off guard by the cryptocurrency’s relentless ascent.Delving deeper into the annals of Bitcoin’s history, a mixed narrative emerges. Over the past five years, only one November, in 2020, yielded positive results, boasting a substantial 42.9% gain. This fact injects an air of uncertainty into the otherwise promising statistics.Bitcoin Monthly Returns by In the ever-fluctuating realm of crypto, where certainty is a rare commodity, historical data offers intriguing but inconclusive insights. While the numbers suggest a potential surge to $51,000, the market’s inherent unpredictability means nothing is set in stone.As November dawns, investors find themselves on the edge of their seats, eagerly awaiting the next chapter in Bitcoin’s riveting saga. Only time will reveal whether history will repeat itself or take an unexpected turn. Stay tuned for the thrilling ride ahead.This article was originally published on U.Today More

Several compelling factors underpin Solana’s escalating fame on the Indian subcontinent. For one, the cost-effectiveness of Solana transactions stands out. In a nation where value-driven decisions often determine market choices, the frugality associated with Solana is hard to overlook. The relatively low transaction fees offer a refreshing alternative, especially in contrast to the sometimes excessive fees on the Ethereum network.Source: Further cementing its position in the Indian ecosystem is strategic marketing, tailored specifically to resonate with Indian developers. By recognizing the vast talent pool and the potential of Indian developers, Solana has effectively broadened its user base and fostered a sense of community. It is a smart move, considering India’s rich IT sector and its knack for innovation in the tech arena.Moreover, during bullish market cycles, gas fees tend to skyrocket, positioning Solana as an economical alternative. The price point, combined with its robust technical foundation, lends credence to the argument that Solana is not just a fleeting trend but a sustainable force in the crypto realm.The accompanying chart reinforces this narrative. From the latter part of 2023, there is a noticeable uptick in Solana’s trajectory. The sharp ascent, particularly in the last quarter, indicates not just increased interest but also growing trust in its stability and potential return on investment. While past performance is not always indicative of future results, this consistent growth trajectory suggests that Solana is on a path that many seasoned investors are keen to watch.This article was originally published on U.Today More

“Freedom,” the tech tycoon wrote, citing his own tweet from October 28 last year, in which he had stated “the bird is freed,” hinting at the iconic blue bird — the logo of Twitter.Finally, he did pay $44 billion for the social media giant and rapidly began to cut costs of the company — fired a lot of people from the top management team and average staff, closed local offices in several other countries. Then Musk introduced a mandatory $8 montly fee for blue verification check marks, which previously were given to users for free but based on vague merits. Musk allowed anyone to have those, thus adding income to the company, explaining it by saying that Twitter cannot rely solely on advertisers when it comes to profits.A lot of advertisers then left Twitter, but gradually they began to return. Monetization and Subscription features have been added. The former allows users to get a share of revenue from advertising, and the latter allows them to get monthly fees from those who choose to subscribe to their content. Twitter users can now write long posts (it is no longer a microblogging platform) and live stream videos. Voice and video call features are being tested now. Finally, Twitter is being rebranded as X. It has gained 500 million of monthly active users.When buying Twitter, Elon Musk stated that his major goal was to give people back freedom of speech on this platform. He likened Twitter to the “global town square,” where people can talk to each other and exchange opinions. Hence, the tweet he published last year about “freeing the bird.”While the X boss spoke of freedom in his tweet, the Kraken exchange responded in its own way, mentioning the leading cryptocurrency, BTC: “Bitcoin is to financial freedom, as X has aimed to be with freedom of speech.”The Gost privacy coin team, started by the late John McAfee, also made an appearance in the comment thread, promoting their project.Overall, the community thanked Musk for “freeing the bird,” but haters showed up too. One X user asked whether Musk intends to integrate Dogecoin on X as he hinted several times in the past.This article was originally published on U.Today More

Data from resources, including Bloomberg, showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.Continue Reading on Cointelegraph More

During an interview with CNBC on June 29, 2023, Clayton expressed his view that the SEC should pursue legal action against specific companies only when they have strong legal grounds. He emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.Continue Reading on Cointelegraph More

Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by The Wall Street Journal (WSJ), which cited people familiar with the matter.Continue Reading on Cointelegraph More

In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action against LBRY in March 2021. In November 2022, a judge ruled in favor of the SEC, stating that the firm’s LBC token was a security. Though LBRY appealed the decision, the company announced in October that it planned to wind down, citing millions of dollars in debt due to legal costs.Continue Reading on Cointelegraph More

According to the suit, Gemini has received $284.3 million from foreclosing on the collateral for the benefit of Earn users, but Genesis has disputed the action, preventing Gemini from distributing the proceeds.Continue Reading on Cointelegraph More