With Bitcoin’s halving months away, it may be time to go risk-on

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, including excitement over the Bitcoin spot ETF applications pending with the Securities and Exchange Commission.

If, like me, you’ve been in the crypto space since 2014, you’d agree that the holiday season comes with a euphoric feeling — especially this year. Everyone seems to agree that a bull run is just around the corner, so it’s time to keep a watchful eye on the market and explore unique…

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Block’s Cash App bitcoin revenue up, investment holdings now above breakeven

Block, maker of the Cash App, recorded an increase in revenue from sales of bitcoin of $660.8 million in the third quarter, according to a regulatory filing Thursday.

The 37% increase over the company’s second quarter results reflects its customer’s appetite for buying bitcoin, even though the asset’s price fell by 11% during that period. These results have not yet accounted for the price surge experienced in October. 

Total bitcoin revenue was reported to be $2.42 billion in the third quarter, up from $1.76 billion in the same period last year. After deducting costs of acquiring that bitcoin on behalf of customers, profit from sales came in around $45 million, similar to…

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Market Watch Alert – Analysts Predict Surge in On-Chain Liquidity as Stablecoin Supplies Set to Turn Positive in 90-Day Percentage Change

In a potentially pivotal shift for the cryptocurrency market, the 90-day percentage change in stablecoin supplies is on the cusp of moving into the green. This indicator, closely monitored by industry experts, suggests an imminent increase in on-chain liquidity, potentially signaling a positive turn for crypto ecosystems and investors alike.

Boba Guys, Shopify users showcase adoption of Web3 tools — Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.

The four day conference hosted in Amsterdam in 2023 attracted a wide variety of businesses and projects from Web2, Web3 and traditional backgrounds. A prominent takeaway was adoption of Solana-based tools and services innovating payments and loyalty programmes.

Boba Guys, a growing United States-based bubble tea brand in the mold of Starbucks, unpacked how its pilot programme for a new customer loyalty app delivered insightful data while seemingly incentivizing customers to return to…

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BitGo wants to be ‘exchange agnostic’ as a qualified custodian

BitGo wants to reduce the “redundancy of exchanges.”

In partnership with Copper, international institutions will have the choice to access certain spot and derivative exchanges from cold storage. A press release on the announcement names ByBit, OKX, Bitfinex and Bitstamp as a few of the exchanges accessible.

Put simply, BitGo aims to “intentionally” separate “regulated custody from being able to still access liquidity in the market.” 

BitGo seeks to marry the “cold storage ability to manage those assets in a way that meets the needs of regulators but also allows those assets to stay connected to the marketplace,” BitGo’s managing director Matt Ballensweig told…

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Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more than 150 winning alerts so far this year. 

Smart investors are not sitting on the sidelines and waiting for legacy coins to pop. Instead, they rely on Markets Pro — the breakthrough AI-powered crypto trading dashboard — to spot market-moving events before they drive select crypto prices up. As a result, they had the opportunity to jump ahead of gains like 50%, 61%, 80%,…

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SBF Trial Endgame: Jury Finds Bankman-Fried Guilty on 7 Counts

Sam Bankman-Fried (SBF), the disgraced founder of digital asset trading platform FTX, has been found guilty by a 12-member jury in Manhattan federal court. In the latest development on SBF trial series, Bankman-Fried, previously termed as the white knight of the digital asset space, is now facing decades in prison after being found guilty on seven counts.

SBF Trial: Bankman-Fried Found Guilty on Seven Counts

Bankman-Fried was convicted on two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He has been found guilty on all these counts, carrying…

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DCG will become ‘an insolvent zombie company,’ Ahluwalia says 

Any time a CEO says “our balance sheet is strong” in crypto, jokes Santiago Santos, “it’s definitely not. Run away.”

Following the collapse of FTX, DCG’s CEO Barry Silbert attempted to reassure frazzled investors with a calming letter, suggesting things were copacetic despite the spreading market contagion. But Lumida Wealth co-founder and CEO Ram Ahluwalia says “things still didn’t make any sense” at the time.

“And now, of course, here we are,” he says. “The NYAG has filed a complaint against DCG and Barry Silbert personally.”

Speaking to Blockworks on the Empire podcast (Spotify/Apple), Ahluwalia says the digital asset conglomerate is now mired in a legal…

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Federal Reserve Threatens to Sue Bitcoin Magazine

The U.S. Federal Reserve is taking legal action against Bitcoin Magazine in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service.

In a letter sent to the publication by the Federal Reserve Bank of Chicago, the central bank of the United States is claiming that Bitcoin Magazine merchandise that parodies its services are not protected speech, but rather an unauthorized infringement of its image and trademarks.

The dispute centers around the use of the FedNow Service image and trademark in a line of merchandise sold by Bitcoin Magazine that seeks to criticize the surveillance capabilities of the FedNow system, and how it threatens American…

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Universal Music releases Beatles ‘last song’ with help from AI

The Beatles have released what they’re calling their “last song” featuring vocal tracks of the late John Lennon developed with the assistance of artificial intelligence (AI) on Nov. 2. 

“Now and Then” was released by Universal Music Group (UMG), one of the world’s leading music companies, and was accompanied by a short documentary detailing how they came to create the track using new technologies

The video explains how director Peter Jackson developed software while working on his comprehensive Beatles documentary “Get Back” that allowed the team to uncouple John’s vocals from his piano part in the original cassette tape recording of “Now and Then” from the late…

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