This Week in Crypto: Cramer’s Bull Thesis, Hoskinson’s Test, and a Maybe a Terra Revival?
Jim Cramer advised investors to invest in Bitcoin (BTC), prompting scepticism from the investment community, given his past anti-Bitcoin statements.
CBDCs Will Have a Significant Impact on Central Banks’ Risk Profiles: Report
The Bank of International Settlements (BIS) has delineated how the introduction of central bank digital currencies (CBDC) could bring about new risks. “Since risks change, this is not a one-off action but needs to take place on a recurrent basis,” the report declared.
Altseason Approaching, Is This The Last Dip Buying Opportunity?
Talk of altseason is still dominating the crypto community despite a market pullback. However, most analysts are in agreement that it is not here yet so is this the last opportunity to buy the dip? Altcoins are in retreat at the moment which may provide more opportunities to load up before altseason.
100,000 Koreans to Participate in CBDC Experiment in 2024
In the midst of global speculation surrounding central bank digital currencies (CBDC), South Korea is set to experiment with the new technology with 100,000 of its citizens. Additionally, the pilot is allegedly in conjunction with the Bank of Korea (BOK) and local financial authorities.
AI Humanity Threat Warning Issued to OpenAI Board: Report
OpenAI researchers allegedly notified the board about AI threats to humanity, before the dismissal of CEO Sam Altman.
Only Days Left for Customers to Withdraw Crypto from Bittrex Global
Major cryptocurrency exchange Bittrex Global has announced that it will be ceasing operations effective from the beginning of December. “Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the winding down process,” the statement declared.
Dogecoin Drops 7.5% as Elon Musk’s SpaceX Loses Starship Spacecraft
Dogecoin’s market value recently experienced a 7.50% drop, going from $0.0857 to $0.0802, following an unexpected development from SpaceX. The aerospace company, led by Elon Musk, reported the loss of its Starship spacecraft during a key test flight. This marks a significant setback for SpaceX’s deep-space launch system, notably its second major test flight challenge.
Here’s Why The Sandbox (SAND) Claimed Top Spot in the Metaverse Sector
The Sandbox’ (SAND) has claimed top spot in the metaverse, as a 45% price bounce catapulted the project’s market cap above Axie Infinity (AXS).
Binance Loses Counter-Terrorism Advisor Just 2 Months After Starting
Binance, one of the world’s largest cryptocurrency exchanges, has witnessed the resignation of Jennifer Hicks, its first-ever anti-terrorism financial advisor. This development is a significant part of a series of high-level departures that signal turbulence within the company.
Illicit Crypto Marketing and Promotions on Social Media Under Fire From Spanish Regulators
The Spanish National Securities Market Commission (CNMV) is intensifying its efforts to regulate crypto marketing and promotions on social media. This move is part of a broader clampdown on financial fraud, especially concerning the unregulated and often misleading crypto marketing sector.