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Best-selling author Nassim Nicholas Taleb, renowned for his book ‘Black Swan,’ has taken issue with the views expressed by financial commentator Robert Kiyosaki and broadcaster Tucker Carlson regarding the diminishing purchasing power of the U.S. dollar. Taleb’s critical remarks shared via an X (formerly Twitter) post on September 28 were prompted by a prior statement from precious metals dealer Lear Capital. In their statement, Lear Capital asserted that Kiyosaki and Carlson concurred on the swift erosion of the dollar’s value over the last 50 years.  In the post, Lear Capital asserted that Kiyosaki’s views on the dollar prompted his recommendation to invest in gold and silver. Taleb countered by referencing historical data, which he argued demonstrates the dollar’s resilience compared to gold and silver, even during periods of substantial economic turmoil. Cryptocurrency 2024 Bitcoin forecast by ChatGPT: Insights on the post-halving f...

Frequently the target of criticism due to his metaverse technology presentations, Mark Zuckerberg seems to have astonished denizens of the internet with his latest innovation in avatar technology. While naysayers have been engrossed in penning obituaries for Meta’s metaverse ambitions over the past few years, Mark Zuckerberg’s recent showcase of photorealistic avatars hints at a future far removed from obsolescence. On a fateful September 28th episode of the Lex Fridman podcast, Zuckerberg and the esteemed computer scientist engaged in an hour-long, face-to-face conversation. Except, it wasn’t face-to-face in the traditional sense. Instead, the entirety of Fridman and Zuckerberg’s tête-à-tête unfolded through photorealistic avatars within the metaverse, seamlessly facilitated by Meta’s Quest 3 headsets and state-of-the-art noise-canceling headphones. Critics often derive amusement from Meta’s substantial investment in metaverse research, seemingly...

Hong Kong police arrested four more people in the investigation of a suspected HK$1.5 billion ($157 million) fraud at crypto exchange JPEX.  The arrests were of people ”relatively close to the core,” the police said, according to local media reports. One of those detained was found in an apartment where it appeared documents had been shredded and bleached in a bath, the South China Morning Post reported. “We found the scale of the syndicate very big, there’s still massive investigation work that needs to be done,” said Eve Chung Wing-man, assistant police commissioner for crime.  The latest arrests bring the total to 18 in what is believed to be one of Hong Kong’s biggest ever fraud cases. Hong Kong and Macau police joined efforts to arrest two people, with the family names Ho and Lo. Visa Cards Bearing JPEX Label Seized At Lo’s residence in Hong Kong, cash, gold bars, and watches valued at HK$8.7 million in total were seize whi...

Gemini, a New York-based cryptocurrency exchange, has chosen to withdraw from the Dutch market, following in the footsteps of the crypto giant Binance. The company cites its inability to meet the stringent regulatory requirements imposed by Dutch authorities. However, it asserts its intention to re-enter the Dutch market in the future. In a letter addressed to its Dutch user base on September 26th, Gemini has requested that users either withdraw their assets or transfer them to an alternative wallet address. This decision stems from the impending suspension of the platform’s operations in the Netherlands, mandated by the De Nederlandsche Bank (DNB). The letter explicitly states: “We kindly request that you take steps to empty your Gemini account, ensuring that your account balance reads zero as of November 17th, 2023.” Gemini has suggested that users consider transferring their funds to Bitvavo, a local cryptocurrency exchange registered with the DNB. Founded in 20...

A top crypto trader is expressing bullish sentiment on one top-20 altcoin that’s up over 10% in the past week. Pseudonymous analyst DonAlt tells his 53,300 YouTube subscribers that the price action of Bitcoin Cash (BCH) on the daily chart is signaling a bullish move. “If you go on the lower time frames that looks like a breakout in the making… You have your structure here kind of looks like an ascending triangle, whatever you want to call it, doesn’t really matter… The only thing that you really have to keep in mind, or that is important for the trade, is that you put in a low, you retested it and now we’re putting in a higher low with the same highs.” On what could prove his bullish thesis for Bitcoin Cash wrong, the pseudonymous analyst says, “If this goes back below $200 or $180-ish, $180 being the better invalidation, I think it’s cooked.” According to DonAlt, the price trajectory of Bitcoin Cash and other al...

The controversial Staff Accounting Bulletin 121 (SAB 121) issued by the Securities and Exchange Commission (SEC) in March 2022 has sparked intense criticism. During a recent House Financial Services Committee hearing on September 27, Gary Gensler, the SEC’s Chairman, expressed his willingness to testify before the committee. Gensler patiently endured over four hours of questioning, with much of it revolving around critiques of his agency’s policies and actions. Among the myriad concerns raised, one particularly focused inquiry came from Representative Mike Flood, who questioned the SEC’s handling of Staff Accounting Bulletin 121 (SAB 121), released in March 2022. This bulletin pertains to the accounting and disclosure of CRYPTOCURRENCY assets held by public companies, including banks and platforms like Robinhood and Coinbase. Flood pointed out that, contrary to expectations, the SEC did not collaborate with prudential regulators before publishing SAB 121. Furthermor...

The Uniswap Foundation has proposed a $62.37 million fund allocation, and an on-chain vote is scheduled for Oct. 4 to decide on it. These funds are intended to strengthen various aspects of the Uniswap ecosystem, including developer support and research initiatives. The foundation also mentioned plans to expand its Hooks ecosystem, designed for Uniswap v4, in the future. In our initial UF proposal, we broke our funding request into two tranches. We received our first portion last year. We are request ing the remainder of our funds in this post. We will kick off the formal governance vote to send the remainder of funds next Wednesday 10/4. — Uniswap Foundation (@UniswapFND) September 27, 2023 The upcoming vote is significant for Uniswap. The protocol is one of the largest decentralized exchanges (DEXs) by total value locked (TVL), DeFiLlama data shows. Unlike last year’s $74 million funding, this year’s proposal includes a 10% buffer to protect against market f...

Hedera struggles at dynamic support If the US dollar weakens and Hedera fails to follow, it suggests internal problems Bulls may want to see a daily close above $0.07 Bitcoin rallied at the start of 2023 and triggered similar rallies in all corners of the cryptocurrency market. Even less known and popular projects, such as Hedera, benefited from Bitcoin’s bullish breakout.  HBAR/USD surged from $0.04 to $0.1 in less than three months. It appeared like only the sky was the limit, but reality settled in slowly.  Fast forward several months, and Hedera gave back all of its gains. Moreover, it is unable to bounce convincingly, as all rallies are sold.  Currently, it sits on dynamic support and struggles to hold above. With the US dollar rallying across the board, will HBAR/USD bounce from dynamic support ? Hedera chart by TradingView The bullish case for Hedera Bulls have a case as long as HBAR/USD holds above the dynamic support ar...

Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher. Santiment says that the supplies of the Ethereum (ETH)-based native tokens of decentralized exchanges SushiSwap (SUSHI) and Injective Protocol (INJ), decentralized finance platform CurveDAO (CRV) and cross-chain protocol Biconomy (BICO) are falling on exchanges as the assets are moved into self-custody. The native tokens of decentralized finance platform Reef Finance (REEF) and delegated proof of stake blockchain Aelf (ELF) are also among the “biggest 2023 swaps from exchanges to cold wallets,” according to Santiment. On what it indicates, the crypto analytics says, “Historically, these kinds of major waves off exchanges are good for future prices.” Source: Santiment/X Turning to Ethereum-based synthetic assets platform Linear Finance (LINA) and the Ethereum-based virtual reality platform Decentraland (MANA), Santiment says that the numbe...

CommEX, the entity that has acquired Binance’s Russian branch, will establish its base in Seychelles but will be accessible to users in Crimea, a sanctioned territory. In a Q&A session on Telegram, a CommEX spokesman said they are working with Crimea, a peninsula in Eastern Europe sanctioned by the U.S., the European Union (EU), United Kingdom (UK), Canada, and Australia. CommEX channel on Telegram | Source: Telegram At the same time, CommEX claims in its Terms of Use that users from Cuba, Iran, North Korea, and Syria, are barred from accessing the platform. You might also like: Crypto exchange SDK adds regional Swiss bank, Hypothekarbank Lenzburg Crimea is notably not mentioned. CommEX Terms of Use | Source: CommEX CommEX also says it will not offer services to “individuals or entities named as a restricted person or party on any list maintained by the United States of America, United Kingdom, European Union or United Nations, including the sanct...

Crypto-based play-to-earn gaming has skyrocketed in the past few years. Moreover, cloud-based gaming has opened up the possibility of not needing high-end hardware to play AAA gaming titles. Both developments have the potential to disrupt the gaming industry, currently led by mobile devices, Microsoft’s Xbox and PC, and Sony’s PlayStation. According to a report by Newzoo, consumers will spend up to $188 billion in 2023 on video games. About 50% will go towards mobile gaming, about 20% will go towards PC gaming, and the remaining 50% will go towards Xbox and PlayStation. Also Read: Microsoft’s Updated Xbox Rumored to Include Crypto Wallets Today, gamers mostly have one of two options. They can purchase a physical copy of a game or buy a subscription, like Microsoft’s Game Pass or Sony’s PS-Plus. However, this could soon change with the advent of cloud-based gaming . Cloud-based gaming uses distant servers to process the game and stream it to players...

After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well. Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions. Bank ABC will at first use the U.S. dollar in transactions involving Bahrain, the United States, United Kingdom, Singapore and Hong Kong. The partners are planning more locations and transactions with the euro as well. Programmable payment s are also in the works. The service has been launched after two years of experiments. Global head of Onyx Coin Systems Naveen Mallela said in a statement: “This enables cross-border commercial transactions to be executed between Bahrain and US corridors instantly, atomically and with certainty.” The new service was developed in close collab...

As per a video shared on Twitter, crypto influencer Ben Armstrong was seen live-streaming outside a former colleague’s house. Armstrong was subsequently arrested by the Police; no specific charges have yet been pressed. Community members on X have suggested that Armstrong was in possession of a loaded firearm at the time of his arrest. On September 26, Bitcoin expert Ramekin shared a 37-minute video of popular crypto influencer Ben Armstrong, also known as Bitboy Crypto, live streaming outside the property of a former business associate, Carlos Diaz. Consultant and NFT investor Diaz, who allegedly has custody of Armstrong’s Lamborghini, also has reported ties with Hit Network, Armstrong’s former crypto media company. The entire insane 37-minute #bitboy stream starting from Carlo's driveway (him on his property) to him ending the stream. @HitNetwork_ @NickDimondi Insane! #crypto @AltcoinDailyio @cryptoblood_ @CryptoSavy1 @atozy pic.twitter.com/...

Anthropic has announced a collaboration with Amazon to use its web service for future operations. Both companies plan to accelerate the development of Anthropic’s future foundation models. Anthropic will use AWS Trainium and Inferentia chips to build, train, and deploy its future foundation models. Anthropic, an artificial intelligence (AI) safety and research company, has announced a collaboration with Amazon to use the latter’s web service (AWS) for future operations. On Monday, September 25, the AI company stated that it will partner with Amazon to accelerate the development of its future foundation models and make them widely available to AWS customers. According to a press release, Anthropic will use AWS Trainium and Inferentia chips to build, train, and deploy its future foundation models. That would enable the AI company to benefit from the price, performance, scale, and security of AWS. The collaboration will also qualify AWS as Anthropic’s primary cl...

Ethereum co-founder Vitalik Buterin said he’s losing hope on central bank digital currencies (CBDCs), which are turning into little more than the “front ends” of traditional banking. “As each and every one of those [CBDC} projects come to a certain maturity, all sort of fall away as the thing comes closer and closer to being a 1.0,” he told CNBC in an interview. “We get systems that are not actually much better than existing payment systems because they just basically end up being different front-ends for the existing banking system.” While five years ago he was hopeful around talk that CBDCs would become blockchain friendly and provide transparency, verifiability guarantees and thus a level of privacy, he said that’s all given way to their ability to monitor financial transactions and those who use them, he said. “They end up being even less private and basically break down all of the existing barriers against both corporations a...

Widely followed crypto analyst Benjamin Cowen says that a lot of altcoins are being primed for another collapse some time this year without a recovery. In a new video update, Cowen tells his 787,000 YouTube subscribers that an “altcoin reckoning” is on the horizon – one that many crypto assets won’t ever come back from. “While I would agree the altcoin market as a whole will eventually go back up, there’s a good chance that a lot of the altcoins today are not part of that. Some of them probably will be, and some of them probably will see new highs, eventually. Unfortunately, many of them will likely not see new highs and so you could have sort of a scenario where the altcoin market just sort of spends some time in [$323.5 billion] range, maybe eventually comes back down to [$290 billion range], and then just capitulates and [falls even further] into the depression phase before coming out of it in 2024.” Source: Benjamin Cowen/YouTube According ...

CREAM token price surged 82% in the last 24 hours.  Cream Finance unlocked $4.27M CREAM tokens to 19 addresses in response. Machi Big Brother stakes back $3.8M CREAM upon receiving them. In a recent tweet shared by on-chain resource Spot On Chain, it was reported that the CREAM token experienced a remarkable surge in price, skyrocketing by an impressive 82% within a single day. In response to this significant price surge, Cream Finance executed a noteworthy transaction by unstaking a substantial amount of 241,415 CREAM tokens, which equates to a staggering $4.27 million. These tokens were distributed across 19 different wallet addresses. $CREAM price surged sharply up to 82% today!@CreamdotFinance unstaked 241,415 $CREAM ($4.27M) to 19 addresses over the past 10 hours, right after the price surge, of which: – @machibigbrother received the most at 215,236 $CREAM ($3.8M) via 2 addresses and then staked all… pic.twitter.com/xjYcKuN10T — Spo...

CryptoGeek shared on X that there are talks of XRP being integrated into a digital U.S. FED coin. Most people believe this is fake news, and XRP’s price performance reflected the same. Technicals suggest XRP could flip the resistance level at $0.5515 into support. Ripple (XRP) enthusiast, CryptoGeek, shared on X yesterday that there are talks by Fox News relating to XRP being integrated into a digital U.S. FED coin. Although many believe this to be an extremely bullish sign, most commenters on the post disregarded an XRP FED coin as only a rumour or even fake news BREAKING: RUMORS OF $XRP TO BE INTEGRATED INTO DIGITAL U.S FED COIN FOLLOWING REPORT BY FOX NEWS. pic.twitter.com/IE6tAoroPK — CryptoGeek (@CryptoGeekNews) September 22, 2023 It seems like those who believe CryptoGeek’s announcement on X was fake news might be right as the price of XRP has not shown any reaction to the news. According to CoinMarketCap, XRP’s price only climbed by 0.73% ov...

Arbitrum (ARB) price rose 9% this past week, trading to above $0.86. Meanwhile, Toncoin (TON), Chainlink (LINK) and Aave (AAVE) saw double digit gains. What next for ARB? Arbitrum (ARB) is trading higher over the 24-hour timeframe, holding off bears around $0.84 with nearly 3% upside. Over the week, the cryptocurrency’s value is up 9%. That makes ARB among the top gainers this past week, with Toncoin (TON), Chainlink (LINK), ImmutableX (IMX) and Aave (AAVE) posting double digit gains to lead the top 50 coins by market cap.  With Bitcoin looking to reclaim some joy above $26,600 and most altcoins showing resilience, could ARB break higher to target $1.00? Data shows the altcoin last traded at the psychological level on August 23. Whale activity and recent ARB price Arbitrum’s native token slipped to $0.74 on September 11, mirroring the broader market performance that also had Bitcoin sliding to below $25k. A nice uptick for ARB/USD had buye...

Terra Classic is at a crossroads, according to YouTuber Clay. LUNC is facing some crucial decisions ahead that could make or break its future. He anticipates the LUNC community pool could dry up by the end of this year. Clay, the ClayBro crypto YouTube channel’s host, believes that Terra Classic is at a crossroads. According to Clay, the blockchain project is facing some crucial decisions that could make or break the future of LUNC. He sees the possibility of LUNC’s community pool drying up by the end of this year. In a recently uploaded video, Clay noted that LUNC is experiencing diminished price action. He observed that LUNC’s price has been trending downward since last year and has disappointed many people. According to the YouTuber, LUNC epitomizes the current bear market. The YouTuber further explained that the persistent bear trend in LUNC’s price has led to an exodus of supporters from the project. He noted that many crypto participants who su...

SEC Chair Gensler expresses reluctance to let courts influence his crypto views. The crypto community reacts strongly to Gensleer’s statement. Some believe Gensler should lose his job for disrespecting the legal system. In a recent post on X (formerly Twitter), pro-crypto attorney Jeremy Hogan shared a snippet of an interview featuring U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler. In the clip, Gensler expressed that the crypto industry is rife with non-compliance. When asked whether any court decisions could alter his perspective, Gensler indicated that he would remain unswayed by such prospects. He provided no particular agreement that a court decision would change his perspective about the crypto space. Instead, he hoped for a court decision that would “help bring the compliance soon.” Chair Gensler: The crypto space is full of hucksters and non-compliance. Q: Would anything a Court says change your mind? Gensler: Well, no, not r...

Crypto influencer Ben Armstrong, formerly known as BitBoy, took to social media yesterday numerous times to collect donation s via livestream — and has collected over $80,000 from his followers at press time. Armstrong has been struggling since his YouTube channel and other social media accounts were taken from him by the Hit Network — a company that he helped to found — after he was accused of drug use and a family affair. Unable to use the BitBoy name, the crypto influencer has reinvented himself as Ben. Claiming to be down on his luck, Armstrong listed three addresses for individuals to donate to: a Bitcoin address, a Cardano address, and an Ethereum address. So far one of the largest donation s appears to be an almost 11,000 USDT donation from an anonymous source. “The fact is I was under duress, I’ve been under duress.” Armstrong said in a livestream yesterday, “like, when people see what they did to me with this Lamborghini, trying to bleed me out, that’s what they’re...