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Fidelity sold 64.9 million ETH for $213 million - appreciate the implications.Ethereum [ETH] may be trying to recover from its recent rally, but the massive sale has put its chances in doubt. A large amount of ETH has reportedly been sold from an address owned by Fidelity. According to a recent Lookonchain analysis, #Fidelity transferred 64,997 #ETH to Coinbase. This happened on Friday, and the value of the transferred ETH is reportedly worth more than $213 million. The transfer came after a bearish week where the #cryptocurrency had already experienced a significant pullback during the week. the transfer from a private wallet to an exchange suggests that Fidelity is getting rid of ETH. This came on the same day that the #Ethereum ETF recorded net outflows totaling $159.4 million. Unsurprisingly, Fidelity's FETH ETF recorded the largest outflow among ethereum ETFs on Thursday - $147.7 million. Is Fidelity's ETH sell-off a reflection of market sentiment? ETH has been under net selling pressure since Tuesday, and this trend continued on Friday, the same day Fidelity moved the aforementioned coin. Thus, it fell 15.54% from its weekly high to its weekly low. At the time of publication, ETH is at USD 3,308, thanks to a 2.89% rise in the last 16 hours. This slight recovery suggests that demand has returned after Friday's close. As a result, there has been some accumulation after a week-long decline. But will cryptocurrencies be able to sustain this growth? That will depend on the level of demand and who is buying - Onchain's data confirmed that whales were buying last fall. For example, on January 9, large holders had inflows of 547,230 ETH and outflows of 321,650 ETH. If demand from whales increases, ETH could recover over the weekend. Even exchange flows suggest that cryptocurrencies are in a state where demand could return. Exchange flows have recently fallen to levels last seen in early November. According to CryptoQuant, cryptocurrency outflows at the time of writing totaled 227,955. This is a slight increase to 256,829.05 ETH from 58 ETH. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations

Fidelity sold 64.9 million ETH for $213 million - appreciate the implications.

Ethereum [ETH] may be trying to recover from its recent rally, but the massive sale has put its chances in doubt. A large amount of ETH has reportedly been sold from an address owned by Fidelity.

According to a recent Lookonchain analysis, #Fidelity transferred 64,997 #ETH to Coinbase. This happened on Friday, and the value of the transferred ETH is reportedly worth more than $213 million. The transfer came after a bearish week where the #cryptocurrency had already experienced a significant pullback during the week.
the transfer from a private wallet to an exchange suggests that Fidelity is getting rid of ETH. This came on the same day that the #Ethereum ETF recorded net outflows totaling $159.4 million. Unsurprisingly, Fidelity's FETH ETF recorded the largest outflow among ethereum ETFs on Thursday - $147.7 million.
Is Fidelity's ETH sell-off a reflection of market sentiment?
ETH has been under net selling pressure since Tuesday, and this trend continued on Friday, the same day Fidelity moved the aforementioned coin. Thus, it fell 15.54% from its weekly high to its weekly low.
At the time of publication, ETH is at USD 3,308, thanks to a 2.89% rise in the last 16 hours. This slight recovery suggests that demand has returned after Friday's close. As a result, there has been some accumulation after a week-long decline.
But will cryptocurrencies be able to sustain this growth? That will depend on the level of demand and who is buying - Onchain's data confirmed that whales were buying last fall. For example, on January 9, large holders had inflows of 547,230 ETH and outflows of 321,650 ETH.
If demand from whales increases, ETH could recover over the weekend. Even exchange flows suggest that cryptocurrencies are in a state where demand could return.
Exchange flows have recently fallen to levels last seen in early November. According to CryptoQuant, cryptocurrency outflows at the time of writing totaled 227,955. This is a slight increase to 256,829.05 ETH from 58 ETH.

Read us at: Compass Investments
#FinTechInnovations
Bitcoin will reach $1.5 million by 2035 thanks to Metcalfe's Law, analysts predict.Peterson is the author of a widely discussed paper titled Metcalfe's Law as a Model of Bitcoin Value, which uses the law to predict the trajectory of the bitcoin price. Peterson, known for his bullish stance on #bitcoin , has long argued that the global spread of #BTC is inevitable. Although traditional currency models do not work for bitcoin, various mathematical laws that explain network connectivity convincingly explain bitcoin's value. Peterson has also demonstrated his accuracy in identifying important market trend reversals. For example, he correctly determined that bitcoin hit a localized bottom last September. Peterson's bullish forecast of $1.5 million is music to the ears of bitcoin bulls, but the cryptocurrency's current price movement could upset them. but the cryptocurrency's current price movement could upset them. At the time of writing, over $524 million has been liquidated in the last 24 hours, with $136 million liquidated in BTC alone. crypto analyst Keith Allan said of bitcoin's recent price movements that this drop is not over. According to him, the price has not yet finished its fall. According to Mr. Allan, selling pressure is actively pushing the price down, while buyers seem to be waiting for prices to drop to make large purchases. Clearly, sellers are trying to push prices down. It is unclear whether the wall of buying is related to the same entities pushing prices down, but what is clear is that they are not confident in this price level and some or all of the liquidity may be moved or tampered with. Allan said that USD 91,500 is a potential support level and USD 86,500 is a second line of defense, he noted. He noted that there is over USD 300 million of liquidity available for trading in this range and that a BTC #bounce from these levels is likely. Allan also noted that a drop to USD 86,500 would be a 20 percent drop from bitcoin's (ATH) recent all-time high of USD 108,135. He emphasized that this would mean that the bitcoin price would fall to $ 86,500. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations #InvestSmart

Bitcoin will reach $1.5 million by 2035 thanks to Metcalfe's Law, analysts predict.

Peterson is the author of a widely discussed paper titled Metcalfe's Law as a Model of Bitcoin Value, which uses the law to predict the trajectory of the bitcoin price.

Peterson, known for his bullish stance on #bitcoin , has long argued that the global spread of #BTC is inevitable. Although traditional currency models do not work for bitcoin, various mathematical laws that explain network connectivity convincingly explain bitcoin's value.
Peterson has also demonstrated his accuracy in identifying important market trend reversals. For example, he correctly determined that bitcoin hit a localized bottom last September.
Peterson's bullish forecast of $1.5 million is music to the ears of bitcoin bulls, but the cryptocurrency's current price movement could upset them. but the cryptocurrency's current price movement could upset them. At the time of writing, over $524 million has been liquidated in the last 24 hours, with $136 million liquidated in BTC alone.
crypto analyst Keith Allan said of bitcoin's recent price movements that this drop is not over.
According to him, the price has not yet finished its fall. According to Mr. Allan, selling pressure is actively pushing the price down, while buyers seem to be waiting for prices to drop to make large purchases. Clearly, sellers are trying to push prices down. It is unclear whether the wall of buying is related to the same entities pushing prices down, but what is clear is that they are not confident in this price level and some or all of the liquidity may be moved or tampered with.
Allan said that USD 91,500 is a potential support level and USD 86,500 is a second line of defense, he noted. He noted that there is over USD 300 million of liquidity available for trading in this range and that a BTC #bounce from these levels is likely.
Allan also noted that a drop to USD 86,500 would be a 20 percent drop from bitcoin's (ATH) recent all-time high of USD 108,135. He emphasized that this would mean that the bitcoin price would fall to $ 86,500.
Read us at: Compass Investments
#FinTechInnovations #InvestSmart
69,000 BTC may be sold by the US governmentThe US government has been authorized to liquidate 69,370 bitcoins seized from the now-defunct Silk Road trading platform. The plaintiffs (Battle Born Investments Company, First 100, 1st Oneundred Holdings) moved for a stay of judgment in this action after the U. S. Department of Justice received information that "person X" unidentified hacker who helped the U. S. Department of Justice seize bitcoins stolen from Silk Road for the benefit of the U. S. government was arrested by the U. S. Department of Justice and accused of being "person X". BREAK argued that a stay of execution was necessary because he had filed another lawsuit seeking to reveal his identity. This mystery man allegedly hacked Silk Road more than a decade ago and received threats from jailed founder Ross Ulbricht. Battle Born Investments and other plaintiffs had hoped to uncover this man's identity through the Freedom of Information Act (FOIA). However, the U. S. District Court for the Northern District of California ruled in favor of the government. This ruling means that the government could begin liquidating confiscated #bitcoin assets. This potential selling pressure is likely to worsen the situation for bitcoin bulls who are currently trying to revive momentum. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #InvestSmart #FinTechInnovations #CryptoTrends #CryptoUpdates

69,000 BTC may be sold by the US government

The US government has been authorized to liquidate 69,370 bitcoins seized from the now-defunct Silk Road trading platform.

The plaintiffs (Battle Born Investments Company, First 100, 1st Oneundred Holdings) moved for a stay of judgment in this action after the U. S. Department of Justice received information that
"person X"
unidentified hacker who helped the U. S. Department of Justice seize bitcoins stolen from Silk Road for the benefit of the U. S. government was arrested by the U. S. Department of Justice and accused of being "person X".
BREAK argued that a stay of execution was necessary because he had filed another lawsuit seeking to reveal his identity. This mystery man allegedly hacked Silk Road more than a decade ago and received threats from jailed founder Ross Ulbricht.
Battle Born Investments and other plaintiffs had hoped to uncover this man's identity through the Freedom of Information Act (FOIA). However, the U. S. District Court for the Northern District of California ruled in favor of the government.
This ruling means that the government could begin liquidating confiscated #bitcoin assets.
This potential selling pressure is likely to worsen the situation for bitcoin bulls who are currently trying to revive momentum.
Read us at: Compass Investments
#InvestSmart #FinTechInnovations #CryptoTrends #CryptoUpdates
Gary Gensler discusses the future of cryptocurrencies in an interview with Bloomberg.REGULATION: In the interview, Gary Gensler tried to distance himself from the image of cryptocurrency foes, saying that during his tenure as chairman, the SEC has reviewed more than 100 cryptocurrency cases, while his predecessor, Trump appointee Jay Clayton, is still reviewing about 80. INDUSTRY CRITICISM: Gensler reiterated his concerns about the #cryptocurrency sector, saying it is rife with bad players. TradFi vs. DeFi: Gensler also mentioned his concerns about the cryptocurrency sector. DeFi: Gensler also said that in traditional financial markets, investors trade based on fundamentals and sentiment, whereas in #DeFi , investments are mostly sentiment-driven. According to Gensler, during his tenure as chairman of the U. S. Securities and Exchange Commission ( SEC), Gensler stunted innovation in the cryptocurrency sector, and his aggressive interpretation of securities laws stalled DeFi builders. His actions emphasized the need for clearer compliance standards, but people argue that the lack of tailored legislation is holding back the industry. It is hoped that his departure will lead to a turnaround in the regulation of the cryptocurrency sector with more constructive policies. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations #CryptoMarketTrends #CryptoTrends

Gary Gensler discusses the future of cryptocurrencies in an interview with Bloomberg.

REGULATION: In the interview, Gary Gensler tried to distance himself from the image of cryptocurrency foes, saying that during his tenure as chairman, the SEC has reviewed more than 100 cryptocurrency cases, while his predecessor, Trump appointee Jay Clayton, is still reviewing about 80.

INDUSTRY CRITICISM: Gensler reiterated his concerns about the #cryptocurrency sector, saying it is rife with bad players.
TradFi vs. DeFi: Gensler also mentioned his concerns about the cryptocurrency sector. DeFi: Gensler also said that in traditional financial markets, investors trade based on fundamentals and sentiment, whereas in #DeFi , investments are mostly sentiment-driven. According to Gensler, during his tenure as chairman of the U. S. Securities and Exchange Commission (
SEC), Gensler stunted innovation in the cryptocurrency sector, and his aggressive interpretation of securities laws stalled DeFi builders. His actions emphasized the need for clearer compliance standards, but people argue that the lack of tailored legislation is holding back the industry. It is hoped that his departure will lead to a turnaround in the regulation of the cryptocurrency sector with more constructive policies.
Read us at: Compass Investments
#FinTechInnovations #CryptoMarketTrends #CryptoTrends
2.9 billion steles (XLM) in 24 hours, what's going on?Currently, despite an initial rally, XLM has fallen 6.15% to a price of $0.4263. XRP, on the other hand, has fallen in price by 4.23% over the past 24 hours; this drop, which is considered a temporary setback for XRP, came amid bullish sentiment towards the asset. As for #XLM , the coin has also seen increased investor interest as trading volume increased by 80.76%. The trading volume in 24 hours amounted to about $1.25 billion, which is equivalent to 2.93 billion XLM. Some analysts attribute the phenomenal increase in XLM trading volume to the bulls' desire to spark a rally. However, it is still unclear whether the whales are behind the current surge, what are the dynamics of the market and how long it will last. As U. Today previously reported, XLM has risen markedly in Asia. In particular, #Binance , one of the leading cryptocurrency exchanges in the world, has launched a new XLM/JPY pair in Japan. This development could further boost XLM's performance and market ranking given Binance's incentives. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #MarketInsights #TokenEconomy #FinTechInnovations

2.9 billion steles (XLM) in 24 hours, what's going on?

Currently, despite an initial rally, XLM has fallen 6.15% to a price of $0.4263. XRP, on the other hand, has fallen in price by 4.23% over the past 24 hours; this drop, which is considered a temporary setback for XRP, came amid bullish sentiment towards the asset.

As for #XLM , the coin has also seen increased investor interest as trading volume increased by 80.76%. The trading volume in 24 hours amounted to about $1.25 billion, which is equivalent to 2.93 billion XLM.
Some analysts attribute the phenomenal increase in XLM trading volume to the bulls' desire to spark a rally. However, it is still unclear whether the whales are behind the current surge, what are the dynamics of the market and how long it will last.
As U. Today previously reported, XLM has risen markedly in Asia. In particular, #Binance , one of the leading cryptocurrency exchanges in the world, has launched a new XLM/JPY pair in Japan.
This development could further boost XLM's performance and market ranking given Binance's incentives.
Read us at: Compass Investments
#MarketInsights #TokenEconomy #FinTechInnovations
There is an 87 percent chance that cryptocurrency advocate Pierre Poilievre will succeed him.In this article: Prime Minister Trudeau's resignation paves the way for Poilievre, who enjoys 87 percent support on Polymarket, to become Canada's next prime minister. Poilievre's stance could make Canada more cryptocurrency-friendly. Poilievre opposes central bank digital currencies but supports financial freedom and privacy. Justin Trudeau's resignation on Jan. 6, 2025, opens the door for Conservative Party leader Pierre Poilievre, who has an 87% chance of becoming Canada's next #prime minister. January 6, 2025, Canadian Prime Minister Justin Trudeau announced his resignation, ending nearly a decade of leadership. He wanted to change the country because his party was in trouble. Because the party was in trouble. This means that the post of prime minister could be occupied by a new person who may be a supporter of #cryptocurrency . Poilievre is actually the leader of the Conservative Party and is considered a candidate for the post of prime minister of Canada. According to Polymarket, he has an 87% chance of being elected. This high probability indicates that many voters support him and share his views on digital currencies. Mr. Poilievre supports #cryptocurrencies and opposes digital currencies being subordinated to central banks. He believes that Canadians should be free to spend their own money and that the government should not interfere. Thanks to cryptocurrencies, he has as many supporters as Trump has in the U. S. Trudeau's resignation will lead to major changes in the management of #digital assets in Canada. During Trudeau's time in office, the government did not support digital currencies. For example, his government banned 34 cryptocurrency wallets associated with the Freedom Convoy 2022 protests. The move drew a lot of criticism from the crypto community and attracted a lot of attention during the U. S. election. With Poilievre in power, things may change a bit as the country starts to welcome cryptocurrencies more. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations

There is an 87 percent chance that cryptocurrency advocate Pierre Poilievre will succeed him.

In this article: Prime Minister Trudeau's resignation paves the way for Poilievre, who enjoys 87 percent support on Polymarket, to become Canada's next prime minister.

Poilievre's stance could make Canada more cryptocurrency-friendly.
Poilievre opposes central bank digital currencies but supports financial freedom and privacy. Justin Trudeau's resignation on Jan. 6, 2025, opens the door for Conservative Party leader Pierre Poilievre, who has an 87% chance of becoming Canada's next #prime minister. January 6, 2025, Canadian Prime Minister Justin Trudeau announced his resignation, ending nearly a decade of leadership.
He wanted to change the country because his party was in trouble. Because the party was in trouble. This means that the post of prime minister could be occupied by a new person who may be a supporter of #cryptocurrency .
Poilievre is actually the leader of the Conservative Party and is considered a candidate for the post of prime minister of Canada. According to Polymarket, he has an 87% chance of being elected. This high probability indicates that many voters support him and share his views on digital currencies.
Mr. Poilievre supports #cryptocurrencies and opposes digital currencies being subordinated to central banks. He believes that Canadians should be free to spend their own money and that the government should not interfere. Thanks to cryptocurrencies, he has as many supporters as Trump has in the U. S.
Trudeau's resignation will lead to major changes in the management of #digital assets in Canada. During Trudeau's time in office, the government did not support digital currencies.
For example, his government banned 34 cryptocurrency wallets associated with the Freedom Convoy 2022 protests. The move drew a lot of criticism from the crypto community and attracted a lot of attention during the U. S. election.
With Poilievre in power, things may change a bit as the country starts to welcome cryptocurrencies more.

Read us at: Compass Investments
#FinTechInnovations
XRP bull flag price chart targets $15 amid rising open interestThe XRP price has risen 15% over the past seven days after weeks of consolidation following the altcoin's rise to $3.00 in early December. According to Cointelegraph Markets Pro and TradingView, the XRP/USD pair rose 1.5 percent to a daily high of $2.44 on Jan. 6. The intraday high was US$44. XRP's upside potential is supported by a significant increase in open interest (OI) over the past 24 hours. The chart below shows that XRP's OI increased by 45% from US$2.6 billion to US$3.7 billion in the last 24 hours, indicating that investors are opening positions in anticipation of a rise in the price of #XRP . This also indicates increased trading activity and inflows into the XRP market. Historically, significant spikes in interest in OI have preceded spikes in the XRP price. For example, between July 13 and July 14, 2023, the OI jumped 107% and the price jumped 107% over the same period. This price movement came after Judge Annalisa Torres ruled in the Securities and Exchange Commission's case against #Ripple that XRP tokens are not securities. Similar price movements occurred in 2024. If history repeats itself, the latest spike in OI could cause the XRP price to break out of consolidation and record a significant rise towards $BTC XRP/USD is expected to resume its bullish momentum despite the recent pullback from the highs. XRP price movement from November 5, 2024 to January 6, 2025 is shown on the chart below, with a bullish flag on the daily chart. A pattern has been formed. A daily candle above the upper boundary of the flag at $2.41 would signal the beginning of a strong upside breakout. target is determined by the height of the flagpole, which is about $15, or about 520% of the current price. Other bullish indicators on the chart are the 50-day simple moving average at $2.10 and the Relative Strength Index just above 50. Several analysts also cite market sentiment for XRP adoption and partnership growth, fueled by the cryptocurrency-friendly Trump administration, with a target price of XRP by 2025. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #CryptoMarketTrends #DigitalCurrency #FinTechInnovations

XRP bull flag price chart targets $15 amid rising open interest

The XRP price has risen 15% over the past seven days after weeks of consolidation following the altcoin's rise to $3.00 in early December. According to Cointelegraph Markets Pro and TradingView, the XRP/USD pair rose 1.5 percent to a daily high of $2.44 on Jan. 6. The intraday high was US$44.

XRP's upside potential is supported by a significant increase in open interest (OI) over the past 24 hours.
The chart below shows that XRP's OI increased by 45% from US$2.6 billion to US$3.7 billion in the last 24 hours, indicating that investors are opening positions in anticipation of a rise in the price of #XRP . This also indicates increased trading activity and inflows into the XRP market.
Historically, significant spikes in interest in OI have preceded spikes in the XRP price.
For example, between July 13 and July 14, 2023, the OI jumped 107% and the price jumped 107% over the same period.
This price movement came after Judge Annalisa Torres ruled in the Securities and Exchange Commission's case against #Ripple that XRP tokens are not securities. Similar price movements occurred in 2024.
If history repeats itself, the latest spike in OI could cause the XRP price to break out of consolidation and record a significant rise towards $BTC XRP/USD is expected to resume its bullish momentum despite the recent pullback from the highs.
XRP price movement from November 5, 2024 to January 6, 2025 is shown on the chart below, with a bullish flag on the daily chart. A pattern has been formed. A daily candle above the upper boundary of the flag at $2.41 would signal the beginning of a strong upside breakout.
target is determined by the height of the flagpole, which is about $15, or about 520% of the current price.
Other bullish indicators on the chart are the 50-day simple moving average at $2.10 and the Relative Strength Index just above 50.
Several analysts also cite market sentiment for XRP adoption and partnership growth, fueled by the cryptocurrency-friendly Trump administration, with a target price of XRP by 2025.

Read us at: Compass Investments
#CryptoMarketTrends #DigitalCurrency #FinTechInnovations
Metaplanet plans to grow its bitcoin holding to 10,000 BTC by 2025.In a January 5 X statement, Metaplanet CEO Simon Gerowicz said his goal for this year is to grow the stock to 10,000 BTC by leveraging the most favorable capital market instruments. Mr. Gerowicz also said his goal is to promote #bitcoin we're not just creating a company, we're creating a movement, Gerowicz said. According to BitcoinTreasuries, Metaplanet is the largest corporate bitcoin holder in Asia and ranks 15th among listed companies. Mr. Gelowitz said that if the U. S. decides to create a bitcoin reserve, it would "cause a global domino effect. He said it could - "If President Trump adopts bitcoin as a strategic reserve, Japan and many other Asian countries will do the same because countries around the world are following suit, and Japan is one of the countries that sees the U. S. as a big brother following in its footsteps, Jerowitz explained at Michael Saylor's New Year's Eve bitcoin party in Florida. Metaplanet is one of many companies entering bitcoin in 2024, as bitcoin has risen in value by about 120% in one year. BREAK The latest purchase of 619.7 bitcoins on Dec. 23 was the largest purchase in Metaplanet's history, accounting for more than 35% of the company's total shares, and its stock is up 27.5% with an average purchase price of $77,196 since April 23, when bitcoin accumulation began. Gerowitz's company plans to increase bitcoin accumulation after 2025 through a combination of loans, stocks and convertible bonds. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #Crypto2024 #CryptoUpdates #CompassInvestments #FinTechInnovations

Metaplanet plans to grow its bitcoin holding to 10,000 BTC by 2025.

In a January 5 X statement, Metaplanet CEO Simon Gerowicz said his goal for this year is to grow the stock to 10,000 BTC by leveraging the most favorable capital market instruments.

Mr. Gerowicz also said his goal is to promote #bitcoin we're not just creating a company, we're creating a movement, Gerowicz said. According to BitcoinTreasuries, Metaplanet is the largest corporate bitcoin holder in Asia and ranks 15th among listed companies.
Mr. Gelowitz said that if the U. S. decides to create a bitcoin reserve, it would "cause a global domino effect.
He said it could -
"If President Trump adopts bitcoin as a strategic reserve, Japan and many other Asian countries will do the same because countries around the world are following suit, and Japan is one of the countries that sees the U. S. as a big brother following in its footsteps, Jerowitz explained at Michael Saylor's New Year's Eve bitcoin party in Florida.
Metaplanet is one of many companies entering bitcoin in 2024, as bitcoin has risen in value by about 120% in one year.
BREAK The latest purchase of 619.7 bitcoins on Dec. 23 was the largest purchase in Metaplanet's history, accounting for more than 35% of the company's total shares, and its stock is up 27.5% with an average purchase price of $77,196 since April 23, when bitcoin accumulation began.
Gerowitz's company plans to increase bitcoin accumulation after 2025 through a combination of loans, stocks and convertible bonds.
Read us at: Compass Investments
#Crypto2024 #CryptoUpdates #CompassInvestments #FinTechInnovations
Pakistani crypto trader kidnapped and paid $340,000 for freedomPermanent link to this post: Pakistani crypto trader Mohammed Arsalan kidnapped and released after paying $340,000. crypto trader kidnapped two police officers and five suspects. Inspector General of Police Ghulam Nabi Memon, he promised to get rid of the suspects and police officers. Pakistani crypto trader Mohammed Arsalan was released after paying $340,000 to a criminal gang involved in digital asset theft. Inspector General of Police Ghulam Nabi Memon said in a statement that authorities have arrested seven suspects in connection with the crime. Inspector General Memon said the criminals were arrested late Friday, and a Counter Terrorism Department (CTD) officer was also involved in the crime. According to Inspector General Memon, another suspect, a police officer, is still at large, and efforts are underway to apprehend him as soon as possible. Superintendent Memon said the group kidnapped the crypto trader and forced him to pay a ransom of $340,000 before releasing him. Ashar, Mohammed Rizwan Shah, Umer Irshad, Muzammil Raza, Tariq Hasan Shah, Noman Rifat and Umer Jilani. They are currently in custody. According to the details of the incident, Pakistani crypto trader Mohammed Arsalan was kidnapped in Manhopir on December 25. After the kidnapping, the criminals forcibly transferred USD 340000 to his #Binance account through another account. After the transfer, he was released near Brigade police station. After his release, he lodged a complaint with Manhopir police who registered an FIR under Sections 365-A (kidnapping or intent to extort) and 34 (general intent) of Pakistan Penal Code and then the investigation was transferred to AVCC/CIA. According to official documents, AVCC formed a team led by SSP Anil Haidar Minhas and AVCC SHOs conducted technical operations in several areas of the capital and arrested seven kidnappers. It all started 15-20 days before the kidnapping. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #CompassInvestments #Crypto2024 #FinTechInnovations

Pakistani crypto trader kidnapped and paid $340,000 for freedom

Permanent link to this post: Pakistani crypto trader Mohammed Arsalan kidnapped and released after paying $340,000.

crypto trader kidnapped two police officers and five suspects.
Inspector General of Police Ghulam Nabi Memon, he promised to get rid of the suspects and police officers.
Pakistani crypto trader Mohammed Arsalan was released after paying $340,000 to a criminal gang involved in digital asset theft. Inspector General of Police Ghulam Nabi Memon said in a statement that authorities have arrested seven suspects in connection with the crime.
Inspector General Memon said the criminals were arrested late Friday, and a Counter Terrorism Department (CTD) officer was also involved in the crime.
According to Inspector General Memon, another suspect, a police officer, is still at large, and efforts are underway to apprehend him as soon as possible. Superintendent Memon said the group kidnapped the crypto trader and forced him to pay a ransom of $340,000 before releasing him.
Ashar, Mohammed Rizwan Shah, Umer Irshad, Muzammil Raza, Tariq Hasan Shah, Noman Rifat and Umer Jilani. They are currently in custody.
According to the details of the incident, Pakistani crypto trader Mohammed Arsalan was kidnapped in Manhopir on December 25. After the kidnapping, the criminals forcibly transferred USD 340000 to his #Binance account through another account. After the transfer, he was released near Brigade police station. After his release, he lodged a complaint with Manhopir police who registered an FIR under Sections 365-A (kidnapping or intent to extort) and 34 (general intent) of Pakistan Penal Code and then the investigation was transferred to AVCC/CIA. According to official documents, AVCC formed a team led by SSP Anil Haidar Minhas and AVCC SHOs conducted technical operations in several areas of the capital and arrested seven kidnappers.

It all started 15-20 days before the kidnapping.

Read us at: Compass Investments
#CompassInvestments #Crypto2024 #FinTechInnovations
Maximous-Cryptobro:
Unfortunately, many databases have leaked online 😬 Security is at risk 🤕
The post BlackRock launches the only two cryptocurrencies worth buying appeared first on Finbold.BlackRock reveals the only two cryptocurrencies worth buying BlackRock has moved from skepticism to acceptance of #cryptocurrencies . Initially hesitant, it launched a #bitcoin #ETF with SEC approval after Grayscale had a legal battle with the SEC over a similar product. Bitcoin fund #BlackRock has achieved historic success, with assets under management (AUM) exceeding $50 billion in just 11 months. The fund's unprecedented performance has led to speculation that its AUM could surpass that of gold ETFs in the coming years, and institutional investor interest has shifted significantly away from traditional funds. Nate Geraci, CEO of ETF store , said that if the price of bitcoin doesn't fall in 2025, the BlackRock Bitcoin Fund (IBIT) could overtake the world's largest gold ETF. He predicted that it could overtake the SPDR Gold Shares. earlier this year, BlackRock's Robert Mitchnack said investors are showing "little interest" in other cryptocurrencies, suggesting that altcoin's growth potential remains limited. BlackRock's cryptocurrency strategy focuses on bitcoin and Ethereum, but a broader market is developing. Companies such as Franklin Templeton and Van Eck are exploring blockchain projects such as Solana (SOL), and there is optimism that altcoins could gain momentum with future ETF approvals. Franklin Templeton Franklin Templeton Franklin Templeton has been a strong supporter of Solana, calling it one of the most promising blockchain projects. Meanwhile, WisdomTree, Bitwise and Canary Capital have filed applications to create an XRP ETF, signaling a growing interest among institutional investors to expand their cryptocurrency offerings beyond these two giants. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations

The post BlackRock launches the only two cryptocurrencies worth buying appeared first on Finbold.

BlackRock reveals the only two cryptocurrencies worth buying

BlackRock has moved from skepticism to acceptance of #cryptocurrencies . Initially hesitant, it launched a #bitcoin #ETF with SEC approval after Grayscale had a legal battle with the SEC over a similar product.
Bitcoin fund #BlackRock has achieved historic success, with assets under management (AUM) exceeding $50 billion in just 11 months. The fund's unprecedented performance has led to speculation that its AUM could surpass that of gold ETFs in the coming years, and institutional investor interest has shifted significantly away from traditional funds. Nate Geraci, CEO of ETF store
, said that if the price of bitcoin doesn't fall in 2025, the BlackRock Bitcoin Fund (IBIT) could overtake the world's largest gold ETF. He predicted that it could overtake the SPDR Gold Shares.
earlier this year, BlackRock's Robert Mitchnack said investors are showing "little interest" in other cryptocurrencies, suggesting that altcoin's growth potential remains limited.
BlackRock's cryptocurrency strategy focuses on bitcoin and Ethereum, but a broader market is developing. Companies such as Franklin Templeton and Van Eck are exploring blockchain projects such as Solana (SOL), and there is optimism that altcoins could gain momentum with future ETF approvals.
Franklin Templeton Franklin Templeton Franklin Templeton has been a strong supporter of Solana, calling it one of the most promising blockchain projects. Meanwhile, WisdomTree, Bitwise and Canary Capital have filed applications to create an XRP ETF, signaling a growing interest among institutional investors to expand their cryptocurrency offerings beyond these two giants.
Read us at: Compass Investments
#FinTechInnovations
--
Bullish
Swiss MEPs demand bitcoin be included in national reserves.This article in the post Swiss lawmakers lead consideration of a federal law to include bitcoin in the constitution. Because of its volatility, there is skepticism about including #bitcoin in the constitution. The parliament of the Swiss canton of Bern has approved a proposal to use surplus electricity to mine bitcoins. Samuel Kurman, a member of the Swiss Federal Council, is pushing for a constitutional referendum to include bitcoin in the central bank's financial reserves. The referendum requires 100,000 signatures. the MP is strategically promoting the topic of bitcoin in parliament and on all platforms where he has an audience. His campaign is already bearing fruit. Swiss supporters of #cryptocurrencies have put forward a proposal to oblige the Swiss National Bank (SNB) to keep part of its reserves in gold and bitcoins. The debate about cryptocurrencies is gaining momentum in Switzerland, but many people are cool to the idea of including cryptocurrencies in the state reserves. These include. Swiss National Bank President Martin Schlegel has expressed concern, calling cryptocurrencies such as bitcoin and ether a niche phenomenon. He believes that this currency system will play an important role in the Swiss payment system. At an event organized by the Aargauis Kantonalbank in Brugg in November, he noted that bitcoin and other virtual currencies have grown significantly in recent years. However, he noted that these currencies remain a niche phenomenon. He has never expressed an opinion on the future of cryptocurrencies, but has raised a number of concerns, including that fluctuations in value make them difficult to use as a means of payment. There are also concerns about the amount of energy bitcoin consumes and illegal activities related to cryptocurrencies. One netizen, @PB3g3r, believes the initiative is merely an educational or campaign tool, as the proposal will be rejected. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #CryptoTrends #CryptoUpdates #FinTechInnovations

Swiss MEPs demand bitcoin be included in national reserves.

This article in the post Swiss lawmakers lead consideration of a federal law to include bitcoin in the constitution.

Because of its volatility, there is skepticism about including #bitcoin in the constitution.
The parliament of the Swiss canton of Bern has approved a proposal to use surplus electricity to mine bitcoins.
Samuel Kurman, a member of the Swiss Federal Council, is pushing for a constitutional referendum to include bitcoin in the central bank's financial reserves. The referendum requires 100,000 signatures.
the MP is strategically promoting the topic of bitcoin in parliament and on all platforms where he has an audience. His campaign is already bearing fruit. Swiss supporters of #cryptocurrencies have put forward a proposal to oblige the Swiss National Bank (SNB) to keep part of its reserves in gold and bitcoins.
The debate about cryptocurrencies is gaining momentum in Switzerland, but many people are cool to the idea of including cryptocurrencies in the state reserves. These include. Swiss National Bank President Martin Schlegel has expressed concern, calling cryptocurrencies such as bitcoin and ether a niche phenomenon. He believes that this currency system will play an important role in the Swiss payment system.
At an event organized by the Aargauis Kantonalbank in Brugg in November, he noted that bitcoin and other virtual currencies have grown significantly in recent years. However, he noted that these currencies remain a niche phenomenon.
He has never expressed an opinion on the future of cryptocurrencies, but has raised a number of concerns, including that fluctuations in value make them difficult to use as a means of payment. There are also concerns about the amount of energy bitcoin consumes and illegal activities related to cryptocurrencies.
One netizen, @PB3g3r, believes the initiative is merely an educational or campaign tool, as the proposal will be rejected.

Read us at: Compass Investments
#CryptoTrends #CryptoUpdates #FinTechInnovations
'9K% surge; trader alert for reverse as new liquidity forecast.'Trader warns altcoin up 9,000% in two months, ready for a pullback and updates hyper-liquidity forecast - The Daily Hodl Altcoin trader Sherpa says one artificial intelligence (AI)-focused crypto asset presents a bullish opportunity altcoin Sherpa believes, that ZEREBRO, which is positioned as an artificial intelligence system that creates and distributes content autonomously across multiple platforms to 236,000 subscribers on social media platform X could enter the market in the $0.40 range, he said. After the correction, traders say ZEREBRO is "very strong" going forward. I consider the $0.40 area to be a good entry point. At the time of writing, ZEREBRO is trading at $0.54, up 38% in the past 24 hours. Altcoin Sherpa is also positive on decentralized perpetual #cryptocurrency exchange Hyperliquid (HYPE). he says that those looking to take a long position in HYPE should look at the 50 level. He says they can start looking at accumulating at current prices, with potential targets above the USD level. DCA (Dollar Cost Average) HYPE is between 30-25, and it feels good in that regard. I am also considering keeping some dollars to buy lower if it happens, the low $20's are a gift and I will add many more if it happens, thinks it will be $50 before this cycle ends. He thinks the price will be $ 50 before this cycle ends. Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #FinTechInnovations #TokenEconomy #transscreen.ru #MarketInsights

'9K% surge; trader alert for reverse as new liquidity forecast.'

Trader warns altcoin up 9,000% in two months, ready for a pullback and updates hyper-liquidity forecast - The Daily Hodl

Altcoin trader Sherpa says one artificial intelligence (AI)-focused crypto asset presents a bullish opportunity
altcoin Sherpa believes, that ZEREBRO, which is positioned as an artificial intelligence system that creates and distributes content autonomously across multiple platforms to 236,000 subscribers on social media platform X could enter the market in the $0.40 range, he said.
After the correction, traders say ZEREBRO is "very strong" going forward.
I consider the $0.40 area to be a good entry point. At the time of writing, ZEREBRO is trading at $0.54, up 38% in the past 24 hours.
Altcoin Sherpa is also positive on decentralized perpetual #cryptocurrency exchange Hyperliquid (HYPE).
he says that those looking to take a long position in HYPE should look at the 50 level. He says they can start looking at accumulating at current prices, with potential targets above the USD level.
DCA (Dollar Cost Average) HYPE is between 30-25, and it feels good in that regard.
I am also considering keeping some dollars to buy lower if it happens, the low $20's are a gift and I will add many more if it happens,
thinks it will be $50 before this cycle ends. He thinks the price will be $ 50 before this cycle ends.
Read us at: Compass Investments
#FinTechInnovations #TokenEconomy #transscreen.ru #MarketInsights
Bitcoin critic Peter Schiff shares eco forecast thoughts firsthand sourceBitcoin critic Peter Schiff and his economic forecasts - ecoinimist How to follow Peter Schiff on Twitter Where I can listen to Peter Schiff's podcasts Peter Schiff is making a name for himself in the financial world. He is a renowned economic forecaster. Known for his economic forecasts, he has become a prominent figure in the financial industry. Schiff's views are often controversial. His bearish views on the US economy and his criticism of the Federal Reserve have made him a controversial figure. However, his predictions are often accurate. In particular, he foresaw the 2008 financial crisis and has earned a reputation as a reliable economic forecaster. But who is Peter Schiff? How did he achieve his fame? And why do his economic forecasts deserve so much attention? This article seeks to answer these questions. It examines Schiff's background, his investment philosophy, and his public persona. It also analyzes his past predictions and their accuracy. Schiff's stance on various investment options is examined. From gold and precious metals to #cryptocurrencies such as #bitcoin , Schiff's views are often unconventional but insightful. Schiff's influence on social media is also covered. His Twitter account and podcast are platforms for sharing economic views and communicating with the public. Schiff's net worth is described, reflecting his success as an investor and financial commentator. It also describes his businesses, including an investment company and a gold sales company. Finally, it answers frequently asked questions about Schiff. Whether you are an investor, a financial enthusiast, or simply interested in economic trends, you will find valuable insights in this article. It's time to understand Peter Schiff's economic predictions and their impact on the financial world. Who is Peter Schiff? Read us at: [Compass Investments](https://www.binance.com/en/square/profile/compass_investments) #Crypto2024 #FinTechInnovations #DigitalCurrency

Bitcoin critic Peter Schiff shares eco forecast thoughts firsthand source

Bitcoin critic Peter Schiff and his economic forecasts - ecoinimist

How to follow Peter Schiff on Twitter
Where I can listen to Peter Schiff's podcasts
Peter Schiff is making a name for himself in the financial world. He is a renowned economic forecaster. Known for his economic forecasts, he has become a prominent figure in the financial industry.
Schiff's views are often controversial. His bearish views on the US economy and his criticism of the Federal Reserve have made him a controversial figure. However, his predictions are often accurate. In particular, he foresaw the 2008 financial crisis and has earned a reputation as a reliable economic forecaster.
But who is Peter Schiff? How did he achieve his fame? And why do his economic forecasts deserve so much attention?
This article seeks to answer these questions. It examines Schiff's background, his investment philosophy, and his public persona. It also analyzes his past predictions and their accuracy.
Schiff's stance on various investment options is examined. From gold and precious metals to #cryptocurrencies such as #bitcoin , Schiff's views are often unconventional but insightful.
Schiff's influence on social media is also covered. His Twitter account and podcast are platforms for sharing economic views and communicating with the public.
Schiff's net worth is described, reflecting his success as an investor and financial commentator. It also describes his businesses, including an investment company and a gold sales company.
Finally, it answers frequently asked questions about Schiff. Whether you are an investor, a financial enthusiast, or simply interested in economic trends, you will find valuable insights in this article. It's time to understand Peter Schiff's economic predictions and their impact on the financial world.
Who is Peter Schiff?

Read us at: Compass Investments
#Crypto2024 #FinTechInnovations #DigitalCurrency
Bitcoin stocks on Binance are at January levels - months before BTC soared 90%.According to TradingView, bitcoin's dominance currently stands at 58.40%, just below the critical 60% level. However, some analysts believe that the 60% level could signal a broad rotation toward other crypto assets. On August 18, Benjamin Cowan, founder of Into The Cryptoverse, said that he believes #bitcoin will take the final steps toward 60% by the end of December at the latest. It has struggled to stay above the $100,000 mark since breaking through it. Bitcoin has been trading below $100,000 since Dec. 19, after hitting a high of $108,300 on Dec. 17. According to Ryan Lee, chief analyst at BitGet Research, bitcoin could surpass $105,000 if liquidity returns after the Christmas holidays. The current bitcoin downtrend is a classic symptom of low liquidity during the year-end and New Year's holidays. Lee recently told Cointelegraph that market activity typically picks up again after Christmas and funds are expected to take aggressive positions in sectors that could benefit from Trump's upcoming inauguration.... Our expected trading range for #BTC this week is between $ 94,000 and $ 105,000. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #FinTechInnovations #news #InvestSmart

Bitcoin stocks on Binance are at January levels - months before BTC soared 90%.

According to TradingView, bitcoin's dominance currently stands at 58.40%, just below the critical 60% level.

However, some analysts believe that the 60% level could signal a broad rotation toward other crypto assets.
On August 18, Benjamin Cowan, founder of Into The Cryptoverse, said that he believes #bitcoin will take the final steps toward 60% by the end of December at the latest. It has struggled to stay above the $100,000 mark since breaking through it. Bitcoin has been trading below $100,000 since Dec. 19, after hitting a high of $108,300 on Dec. 17.
According to Ryan Lee, chief analyst at BitGet Research, bitcoin could surpass $105,000 if liquidity returns after the Christmas holidays. The current bitcoin downtrend is a classic symptom of low liquidity during the year-end and New Year's holidays. Lee recently told Cointelegraph that market activity typically picks up again after Christmas and funds are expected to take aggressive positions in sectors that could benefit from Trump's upcoming inauguration.... Our expected trading range for #BTC this week is between $ 94,000 and $ 105,000.
Read us at: Compass Investments
#FinTechInnovations #news #InvestSmart
Sega, etc., enter Japan crypto game alliance; via CryptoNews.SEGA Square Enix and Konami join Blockchain Gaming Alliance The new alliance will operate under the auspices of the JCBA and will be officially approved as a subcommittee. The JCBA has subcommittees for "NFT-, "decentralized finance (DeFi)" and "stable There is a similar subcommittee for "coins. The new subcommittee will be headed by Tomoyuki Isaka, president of Coincheck. Keisuke Hata of #Square Enix will serve as vice chairman, while representatives from Konami, Coroplast, Sega and Dorcom will serve as executive directors. The new subcommittee will deal with "legal, accounting and tax issues. It will also "strive to provide cross-industry guidance. It will also "review the development of games" that "utilize" aspects of "cryptocurrency intermediation. He will also look into legal issues related to "NFT-" and work on "case studies" to advance the agenda. Japan is known for its strict regulation of the #cryptocurrency and gaming sectors. However, critics say a "lack of clarity in legislation, accounting and taxation" has so far prevented Japanese companies from developing blockchain-based games. Strong partnerships? The Extended Association was founded in 2016. Since then, 155 companies have become its members. In recent years, it has also engaged in self-regulation and frequently speaks to the government on policy issues. Konami's share price on the Tokyo Stock Exchange over the past five years. Earlier this year, Konami announced that it would partner with #blockchain startup Avalanche on a new trading platform. The announcement was made. Last year, SEGA also talked about blockchain and using FT- in their games. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #FinTechInnovations #InvestSmart

Sega, etc., enter Japan crypto game alliance; via CryptoNews.

SEGA Square Enix and Konami join Blockchain Gaming Alliance

The new alliance will operate under the auspices of the JCBA and will be officially approved as a subcommittee.
The JCBA has subcommittees for "NFT-, "decentralized finance (DeFi)" and "stable There is a similar subcommittee for "coins.
The new subcommittee will be headed by Tomoyuki Isaka, president of Coincheck. Keisuke Hata of #Square Enix will serve as vice chairman, while representatives from Konami, Coroplast, Sega and Dorcom will serve as executive directors.
The new subcommittee will deal with "legal, accounting and tax issues.
It will also "strive to provide cross-industry guidance.
It will also "review the development of games" that "utilize" aspects of "cryptocurrency intermediation.
He will also look into legal issues related to "NFT-" and work on "case studies" to advance the agenda.
Japan is known for its strict regulation of the #cryptocurrency and gaming sectors. However, critics say a "lack of clarity in legislation, accounting and taxation" has so far prevented Japanese companies from developing blockchain-based games.
Strong partnerships? The Extended Association was founded in 2016. Since then, 155 companies have become its members. In recent years, it has also engaged in self-regulation and frequently speaks to the government on policy issues.
Konami's share price on the Tokyo Stock Exchange over the past five years.
Earlier this year, Konami announced that it would partner with #blockchain startup Avalanche on a new trading platform. The announcement was made.
Last year, SEGA also talked about blockchain and using
FT- in their games.
Read us at: Compass Investments
#FinTechInnovations #InvestSmart
Tua's gf Hallie discusses coins; gets ridiculed online.After the failed launch of the HAWK coin meme, Hawk Tua girl Hallie Welch finally opened up, but was heavily berated by members of the crypto community After launching HAWK, Welch went silent for weeks. The last time we heard from her was an audio stream on December 4, in which she tweeted that she was going to sleep. After that, there were no social media posts, no podcasts, no tweets - nothing until Friday's X message. I take this very seriously and want to reach out to my fans, affected investors and the community at large. I am fully cooperating with the legal team representing the victims and I am ready to help them, uncover the truth, bring the perpetrators to justice and resolve this matter. Welch's statement came as the creator and promoter of Hawk Toa #Meme Coin On Thursday, investors filed a lawsuit against Tuah The Moon Foundation, OverHere Ltd, Clinton So and #Alex Larson Schultz, alleging that HAWK tokens were sold as unregistered securities. The lawsuit, filed in the Eastern District of New York, alleges that Welch's misleading promotion using his internet fame led to a dramatic loss of 90% of the tokens and over $151,000 in investor losses. LINE_ BREAK However, Welch has nothing to do with the lawsuit. In a recent statement, she advised anyone who lost money on HAWK to contact the Berwick law firm, which is handling the case along with Wolf Popper. the internet has reacted with jokes, memes, and serious complaints; even Polymarket reported that Welch is not going to tweet again until December 20. Even Polymarket launched a poll to see if Welch would tweet again before December 20th, and she got there just in time. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #CryptoUpdates #MarketInsights #FinTechInnovations

Tua's gf Hallie discusses coins; gets ridiculed online.

After the failed launch of the HAWK coin meme, Hawk Tua girl Hallie Welch finally opened up, but was heavily berated by members of the crypto community After launching

HAWK, Welch went silent for weeks. The last time we heard from her was an audio stream on December 4, in which she tweeted that she was going to sleep.
After that, there were no social media posts, no podcasts, no tweets - nothing until Friday's X message.
I take this very seriously and want to reach out to my fans, affected investors and the community at large. I am fully cooperating with the legal team representing the victims and I am ready to help them, uncover the truth, bring the perpetrators to justice and resolve this matter.
Welch's statement came as the creator and promoter of Hawk Toa #Meme Coin On Thursday, investors filed a lawsuit against Tuah The Moon Foundation, OverHere Ltd, Clinton So and #Alex Larson Schultz, alleging that HAWK tokens were sold as unregistered securities.
The lawsuit, filed in the Eastern District of New York, alleges that Welch's misleading promotion using his internet fame led to a dramatic loss of 90% of the tokens and over $151,000 in investor losses. LINE_ BREAK However, Welch has nothing to do with the lawsuit. In a recent statement, she advised anyone who lost money on HAWK to contact the Berwick law firm, which is handling the case along with Wolf Popper.
the internet has reacted with jokes, memes, and serious complaints; even Polymarket reported that Welch is not going to tweet again until December 20. Even Polymarket launched a poll to see if Welch would tweet again before December 20th, and she got there just in time.
Read us at: Compass Investments
#CryptoUpdates #MarketInsights #FinTechInnovations
BlackRock and a16z back Elon Musk's xAI with $6 billionElon Musk's artificial intelligence company xAI announced on Monday that it has raised $6 billion in a Series C funding round backed by BlackRock, Andreessen Horowitz (a16z), Fidelity, Morgan Stanley and other prominent investors.LINE According to the Financial Times, only existing xAI investors participated in the funding round, many of whom supported Musk's acquisition of company X. The funding information was first disclosed in a filing with the U. S. Securities and Exchange Commission last week, bringing xAI's total funding to US$12 billion, after a previous round of US$6 billion completed in early 2024. The new capital will be used for research, development and infrastructure expansion of xAI's generative #AI model, Grok, the team said in a statement. Since receiving Series B funding in May 2024, #xAI has launched several key initiatives, including Colossus, which the company calls "the world's largest AI supercomputer, Grok 2 and the xAI API for developers. the company also announced its own image generation model, Aurora, for real-time processing and xAI is currently preparing Grok 3, which it calls "the most powerful model ever. The company aims to compete with or surpass OpenAI's GPT-5, with a focus on improving natural language understanding, image generation, and coding tasks. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #Crypto2024 #TokenEconomy #FinTechInnovations

BlackRock and a16z back Elon Musk's xAI with $6 billion

Elon Musk's artificial intelligence company xAI announced on Monday that it has raised $6 billion in a Series C funding round backed by BlackRock, Andreessen Horowitz (a16z), Fidelity, Morgan Stanley and other prominent investors.LINE According to the Financial Times, only existing xAI investors participated in the funding round, many of whom supported Musk's acquisition of company X.

The funding information was first disclosed in a filing with the U. S. Securities and Exchange Commission last week, bringing xAI's total funding to US$12 billion, after a previous round of US$6 billion completed in early 2024. The new capital will be used for research, development and infrastructure expansion of xAI's generative #AI model, Grok, the team said in a statement. Since receiving Series B funding in May 2024, #xAI has launched several key initiatives, including Colossus, which the company calls "the world's largest AI supercomputer, Grok 2 and the xAI API for developers.
the company also announced its own image generation model, Aurora, for real-time processing and
xAI is currently preparing Grok 3, which it calls "the most powerful model ever.
The company aims to compete with or surpass OpenAI's GPT-5, with a focus on improving natural language understanding, image generation, and coding tasks.
Read us at: Compass Investments
#Crypto2024 #TokenEconomy #FinTechInnovations
Bitcoin & Solana hit peak prices during present market cycle per @Invest_answrs.According to InvestAnswers, this is where bitcoin and solanas will peak in the current market cycle - The Daily Hodl Bitcoin is a special animal: everything is based on supply and demand. If demand continues, then yes, these goals are very easily achievable. If you asked me this in 2023, I would say: "Wow, that's bullish. Moreover, I believe that spot ETFs (exchange traded funds) will continue to add at least another $48 billion in 2025. This is the amount added in 2024. According to analysts, cryptocurrencies should peak in the third or fourth quarter of next year, based on historical patterns. 2015-2017 will peak 518 days after the half-life, 2019-. 2021 will peak 546 days after the half-life, so if we take the average, it will be about [August-October]. #Bitcoin is trading at $94,882 at the time of writing and has seen little growth over the past 24 hours. Turning to Solan's rival #Ethereum (ETH), cryptostrategists are sticking to conservative and : "I have two targets, as is the case with bitcoin. The conservative target is $332 and the bullish target is $BTC Is it possible to reach $BTC Yes, it's very easy. All one has to do is really understand fundamental analysis, and one will see that this chain is pretty cheap. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #InvestSmart #FinTechInnovations #CryptoTrends

Bitcoin & Solana hit peak prices during present market cycle per @Invest_answrs.

According to InvestAnswers, this is where bitcoin and solanas will peak in the current market cycle - The Daily Hodl

Bitcoin is a special animal: everything is based on supply and demand. If demand continues, then yes, these goals are very easily achievable.
If you asked me this in 2023, I would say: "Wow, that's bullish.
Moreover, I believe that spot ETFs (exchange traded funds) will continue to add at least another $48 billion in 2025. This is the amount added in 2024.
According to analysts, cryptocurrencies should peak in the third or fourth quarter of next year, based on historical patterns.
2015-2017 will peak 518 days after the half-life, 2019-. 2021 will peak 546 days after the half-life, so if we take the average, it will be about [August-October].
#Bitcoin is trading at $94,882 at the time of writing and has seen little growth over the past 24 hours.
Turning to Solan's rival #Ethereum (ETH), cryptostrategists are sticking to conservative and
: "I have two targets, as is the case with bitcoin. The conservative target is $332 and the bullish target is $BTC Is it possible to reach $BTC Yes, it's very easy. All one has to do is really understand fundamental analysis, and one will see that this chain is pretty cheap.
Read us at: Compass Investments
#InvestSmart #FinTechInnovations #CryptoTrends
Post Sui expected to exceed XRP & SOL soon according to expert forecast; ~Sui can outperform XRP and Solana in the upcoming market cycle, expert macro expert Raul Pal believes that as long as #XRP remains strong, #Sui (SUI) can outperform it in the long term. Last Strategy During the session, Mr. Pal analyzed the SUI/XRP trading pair and noted that it is currently in an ascending channel. He noted that SUI is now heading towards the upper boundary of the channel after reaching the lower range, indicating that it may soon overtake XRP. Pal also noted a similar pattern in the SUI/Solana (SOL) pair. He noted that an inverse head-and-shoulders pattern has formed on the weekly chart of SUI/SOL, indicating that a breakout is imminent. He noted that while #Solana remains strong and good momentum is expected, SUI is becoming a more promising asset in the near term. He noted that sui is becoming a more promising asset at the moment. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #CryptoAdoption #FinTechInnovations

Post Sui expected to exceed XRP & SOL soon according to expert forecast; ~

Sui can outperform XRP and Solana in the upcoming market cycle, expert

macro expert Raul Pal believes that as long as #XRP remains strong, #Sui (SUI) can outperform it in the long term.
Last Strategy During the session, Mr. Pal analyzed the SUI/XRP trading pair and noted that it is currently in an ascending channel.
He noted that SUI is now heading towards the upper boundary of the channel after reaching the lower range, indicating that it may soon overtake XRP.
Pal also noted a similar pattern in the SUI/Solana (SOL) pair. He noted that an inverse head-and-shoulders pattern has formed on the weekly chart of SUI/SOL, indicating that a breakout is imminent.
He noted that while #Solana remains strong and good momentum is expected, SUI is becoming a more promising asset in the near term. He noted that sui is becoming a more promising asset at the moment.
Read us at: Compass Investments
#CryptoAdoption #FinTechInnovations
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