Bitcoin BTC/USD experienced a significant surge on Thursday evening, reaching a price of $29,000. 

What Happened: This surge came shortly after Federal Reserve Chair Jerome Powell acknowledged the persistence of elevated inflation levels and expressed the need for lower economic growth to address the issue.

Powell stated, “Incoming data over recent months show ongoing progress toward both of our dual mandate goals — maximum employment and stable prices.” However, he also emphasized that “inflation still remains too high.”

On the liquidation side, out of the total $25 million in liquidations that occurred in the last 24 hours, over $20 million worth of BTC shorts was liquidated,…

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After parting ways with Ben Armstrong, Bitboy Crypto brand has relaunched as Discover Crypto. 

What Happened: The decision to rebrand follows the legal suit between HIT Network and Armstrong, popularly known as Bitboy Crypto. 

TJ Shedd, CEO of Discover Crypto wrote to Benzinga in an emailed interview, “We recently parted ways with Ben and believe that hitting the reset button on the brand is what’s best for the channel and our community. Going forward, we’re confident that we can build even broader recognition by taking a more mature, nuanced approach to producing content about the Bitcoin and crypto sector.”

Under the Discover Crypto banner, the channel will continue its twice-daily live…

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A cryptocurrency analyst on Thursday made a bold prediction regarding Dogecoin DOGE/USD, suggesting that it could experience an extraordinary surge of over 27,000% and potentially reach $16, breaking its all-time highs.

What Happened: The analyst, who goes by the username AMINSHEYBANI, shared a chart on TradingView along with the caption “Doge to the moon.” According to the chart, DOGE’s price could potentially find support at $0.058. 

Once it surpasses this level, the analyst believes that there is potential for a remarkable rally of 27,500%, with the price of DOGE soaring to as high as $16 at its peak. 

The total supply of DOGE is 141.48 billion and it reaches a value of $16, its…

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American venture capitalist Tim Draper alerted crypto users to the rise of scammers employing artificial intelligence (AI) voice generators. 

What Happened: Draper, with a following of approximately 254,000 on X, formerly Twitter, advised his followers to remain vigilant against “thieves” utilizing AI to mimic his voice. He pointed out that “AI is getting smarter,” with instances of followers reporting attempts by fraudsters impersonating him in order to persuade individuals to send cryptocurrency.

Advancements in AI technology have made it increasingly accessible for ordinary individuals to mimic celebrities’ voices or manipulate videos of politicians, thereby enabling them to…

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Major cryptocurrencies were trading mixed on Thursday as Wall Street analyzed remarks from Federal Reserve Chair Jerome Powell.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+0.76%$28,614Ethereum ETH/USD-0.13%$1,563Dogecoin DOGE/USD+0.11%$0.058

What Happened: Powell acknowledged that inflation remains at elevated levels and indicated a need for lower economic growth to address this issue.

“Incoming data over recent months show ongoing progress toward both of our dual mandate goals —maximum employment and stable prices,” Powell said.

Nevertheless, he noted, “Inflation is still too high.” He pointed out that while positive data in the past few months is promising,…

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Crypto Aid Israel, a collective of influential figures in the crypto industry, on Thursday, announced raising over $185,000 to aid Israelis affected in the region’s conflict with Hamas. The funds were distributed to various NGOs, aiming to provide immediate relief to those most in need.

More than 30 companies have extended their support to this cause.

Among them, accounting conglomerate KPMG has played a significant role, not just in fundraising, but also in overseeing the distribution of the collected funds.

Other noteworthy contributors also include Zengo, Fuse, Wonderland and Psagot Equity.

Speaking with Benzinga, Noam Kaplan, director at KPMG Israel, elaborated on KPMG’s pivotal…

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The Open Network Foundation (TON Foundation) and Blockchain.com have come together to enable crypto accessibility seamlessly within the Telegram ecosystem and its more than 800 million monthly active users.

The partnership also included an attractive incentive program for Blockchain.com users wherein they would receive an additional $5 worth of Toncoin TON/USD on a purchase of $20 worth of Toncoin on the platform.

Find out more about the TON Foundation and Blockchain.com. Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event: Future of Digital Assets. Tickets are flying: Get yours!  

TON Foundation is a Swiss…

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In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) asked the judge presiding over the case to dismiss its lawsuit against Ripple’s XRP/USD key executives Christian Larsen and Bradley Garlinghouse.

The decision was conveyed via an official letter to Analisa Torres, a U.S. District Judge for the Southern District of New York, on Thursday.

The lawsuit, which had been looming over Ripple for some time, centered around allegations that Larsen and Garlinghouse aided and abetted Ripple’s violations of Section 5 of the Securities Act of 1933 with Ripple’s “Institutional Sales” of XRP.

Following a stipulation between the involved parties, the claim is dismissed…

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As tokenization gains popularity in the crypto industry, clearing house DTCC marked its presence in the acquisition space with the purchase of Securrency to gain a strong foothold for providing enhanced services to investors.

What Happened: The premier market infrastructure for the global financial services industry, Depository Trust & Clearing Corporation (DTCC) announced its definitive agreement to acquire startup company Securrency to position the former to encourage the adoption of digital assets. It marks the company’s first acquisition after 10 years.

The deal is expected to close in the upcoming weeks. DTCC paid around $50 million for the company, Bloomberg reports, citing…

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A new analysis points to a possibility that Bitcoin’s BTC/USD price might see a jump to $56,000, provided the BlackRock Inc BLK ETF receives approval.

The forecast by digital assets financial services platform Matrixport comes in the wake of BlackRock’s announcement of its ETF application, which has generated considerable excitement in the cryptocurrency community.

Benzinga is set to further discuss the future of digital assets and the implications of such ETF approvals in the upcoming Future of Digital Assets conference on Nov. 14. This event is anticipated to gather experts from across the globe to share insights and predictions on the rapidly evolving digital currency landscape.

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