Health Canada has approved the start of clinical trials of Neuralink neurochips. Recruitment of volunteers is open, Elon Musk's company reported.
One of Canada's largest research and medical centres, University Health Network (UHN), said its Toronto Western Hospital will be the first outside the US to implant a wireless brain-computer interface (BCI) from Neuralink.
The head of the Russian Ministry of Finance still hasn’t opened a crypto wallet
Russian Finance Minister Anton Siluanov is interested in acquiring cryptocurrencies, but has not yet taken any steps to do so. The official said this in an interview with the Rossiya-24 TV channel.
“I’m interested, but I don’t have a crypto wallet,” he said.
Siluanov previously noted volatility as the main risk of using cryptocurrencies as a means of saving. However, he highly praised their capabilities for payments.
On November 21, Bitcoin quotes exceeded $97,800 (Binance exchange), setting a new ATH. Over the past day, the asset grew by 5.1%, according to CoinGecko. At the time of writing, the first cryptocurrency is trading above $97,100. In the top ten assets by market capitalization, there is no significant growth observed. The greatest positivity is shown by XRP — +2.1%.
Address "sleeping" for 14 years moved $180 million worth of bitcoins
A wallet that had been dormant for 14 years moved 2,000 BTC worth over $180 million to a new address. This was noticed by analysts at Lookonchain.
According to experts, the user earned these coins through mining back in 2010. He had been HODLing them all this time.
According to CoinDesk, the wallet received the assets when Bitcoin was trading at $0.06. Thus, the user managed to turn $120 into $180 million in 14 years.
Russia recognizes digital currencies as property for tax purposes
On Friday, November 15, the Russian government approved amendments to the mining bill regulating the taxation of cryptocurrency. Digital currencies were recognized as property for tax purposes.
Income in the form of cryptocurrencies obtained as a result of mining will be taken into account at the market value at the time of their receipt. However, they can be reduced by the costs incurred during the mining process.
By 2030, the first cryptocurrency will reach $650,000 in the base case and the range of $1 million to $1.5 million in the bull case. This opinion was expressed by ARK Invest CEO Cathie Wood in an interview with CNBC.
"We're getting regulatory relief. I think that's one of the most important things from this [US presidential] administration. We're getting regulatory relief on all kinds of innovation," she explained.
In its paper, “The Impact of Artificial Intelligence on Financial Stability,” the FSB outlined the benefits and risks of AI, calling for tighter oversight of the technology.
The international organization analyzed the consequences of using neural networks in the global financial sector and ways to reduce potential risks. Among the advantages are:
Expert names conditions for RWA market growth. Tether has already entered the game
Traditional financial institutions will be the main growth driver for the asset tokenization market, Bitfinex Securities COO Jesse Knutson told Cointelegraph.
"[Right now] it's the more nimble institutions that can move quickly, like family offices. I think they're going to have a huge impact in these early days. But ultimately the benefits of tokenization will attract traditional institutional investors," the expert said.
US Senator Cynthia Lummis has introduced the Bitcoin Act of 2024 to a vote in Congress, which would create a strategic reserve for the country's first cryptocurrency.
“[It is proposed] to establish a Bitcoin Strategic Reserve and other programs to ensure transparent management of the Federal Government’s Bitcoin assets, offset costs through the use of certain Federal Reserve System (FRS) resources, and for other purposes,” the document says.
Mike Novogratz: Bitcoin Will Reach $500,000 If US Includes It in Strategic Reserve
If the US creates a strategic reserve in bitcoin, its price will reach $500,000. This is what the head of Galaxy Digital Mike Novogratz believes.
"If we get a reserve of bitcoin, as someone who owns a lot of it, I'm not going to cry. I think bitcoin is headed to $500,000," the investor said on Bloomberg Television.
Bhutanese Government Transfers Additional 367 BTC to Binance
On November 14, the Royal Government of Bhutan moved ~367.26 BTC ($33.5 million) to a Binance deposit address, according to Arkham data.
Before this, a similar transfer took place on October 29, when the “kingdom of dragons” sent ~935 BTC ($66.4 million at the time of the transaction) to the largest crypto exchange.
On July 1, Bhutanese authorities moved 381 BTC ($24.1 million at the time) to the American exchange Kraken.
A user named qklpjeth lost access to 7,912 ezETH ($25.8 million at time of writing) after sending them to the wrong address.
According to the victim, on June 19, he accidentally copied the wrong data and sent tokens to a smart contract without the possibility of withdrawal. qklpjeth tried to solve the problem with the help of Renzo developers who could update the code and unlock the funds, but they were unable to help, citing "regulatory restrictions."
Missing Crypto Blogger's Body Found in Montreal Park
Police in the Canadian province of Quebec have confirmed that the body they found in a Montreal nature park on October 30 belongs to cryptocurrency influencer Kevin Mirshahi, local media reported.
According to the case file, the 25-year-old blogger and his three neighbors were kidnapped from a luxury condominium on De la Commune Street on June 21. While the latter were found 24 hours later near a bus stop in western Montreal, the search for Mirshahi was fruitless for a long time.
Peanut the Squirrel meme token (PNUT) jumped from $0.41 to $1.7 in less than a day. The token's market cap peaked at $1.73 billion. At the time of writing, the meme token is trading around $1.69 and is ranked 68th in the crypto asset rankings on CoinGecko. Peanut the Squirrel launched in early November on the Solana blockchain. Its mascot was a squirrel named Peanut, who lived with his owner in New York City. On October 30, authorities seized the animal on suspicion of rabies and later euthanized it.
US Inflation Meets Expectations, Bitcoin Renews ATH Above $93,000
According to the results of October, annual inflation in the US amounted to 2.6% against 2.4% a month ago. The indicator corresponded to market expectations of 2.6%.
On a monthly basis, the consumer price index rose 0.2%, the same as in September. The consensus forecast was for a 0.2% increase.
The indicator, excluding food and energy prices, rose 0.3% compared to the previous month and 3.3% compared to October last year. In the previous report, the figures were 0.3% and 3.3%, respectively. Analysts expected September's pace to be maintained.
"Welcome to the Bull Market": Bernstein Calls for Buying Crypto Assets
As Bitcoin grows to new historical highs above $82,000, analysts at brokerage firm Bernstein have called for adding crypto assets to investment portfolios “as soon as possible,” The Block reports.
"Don't fight it. Welcome to the bull market. Buy everything you can," experts led by Gautam Chhugani wrote in a note to clients.
Report: 80% of Meme Coins Listed on Binance Have Increased in Price
12 out of 15 memecoins added to Binance's list of tradable instruments have risen significantly in price, according to analyst Ai_9684xtpa. According to the illustration, BOME (-1.3%), MOG (-11.8%) and MYRO (-33.3%) lost value.
L2-network TAC to develop EVM-compatible solution for Telegram
The developers of the TAC L2 network have announced the creation of a technology for access of Telegram users and the TON ecosystem to EVM applications. This was reported by The Block.
The team raised $6.5 million in a seed funding round led by Hack VC and Symbolic Capital. Other participants include Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures, Ankr, and Polygon co-founder Sandeep Naiwal. The valuation and structure of the round were not disclosed.
The total market capitalization of digital assets is $2.83 trillion. The Bitcoin dominance index is 58.9%.
According to Coinglass, the total volume of liquidated positions over the day was $385 million. Of this, $280 million was from shorts. On Sunday, November 10, the quotes of the first cryptocurrency updated the historical maximum at $79,788.
The quotes for the first cryptocurrency will reach $300,000. This opinion was expressed in an interview with CNBC by the CEO of VanEck, Jan van Eck.
"Bitcoin will update its historical maximum today [November 8], and I believe it will continue to grow. Ultimately, I think Bitcoin's capitalization will reach half of gold's figure, so we're talking about approximately $300,000 per Bitcoin," he stated.