Coinatory

Paul Tudor Jones III, a well-known hedge fund manager, said he will always have a "small" exposure to bitcoin since it is "the only thing that humans can't adjust the supply in." The American billionaire also suggested that the US Federal Reserve will cease its aggressive interest rate hike policy. A lot of experts have previously believed that such a move may be good for the entire cryptocurrency business and raise the value of BTC.  In a recent interview for CNBC, he vowed to always have exposure, praising its fixed supply of 21 million coins ever to exist: “From the beginning, I’ve always said I want to have a small allocation to it because it’s a great tail event. It’s the only thing that humans can’t adjust the supply in. So I’m sticking with it; I’m going to always stick with it. It’s just a small diversif Read more about I Will Always Stick With Bitcoin: American Billionaire Paul Tudor Jones III #Bitcoin, #Cryptonewst...

In a recent report, a group of British MPs recommended that trading in so-called "unbacked cryptoassets" like Bitcoin and Ether be treated more like gambling than a financial activity. Currently, the UK is developing a framework for regulating cryptocurrencies that combines current laws governing financial assets with new crypto-specific regulations. However, the U.K. Treasury Committee "strongly recommended" regulating retail cryptocurrency trading and investment activities as gambling in a report to the House of Commons Committee on May 17. This recommendation was in line with the adage "same risk, same regulatory outcome." It argued the price volatility and lack of intrinsic value mean unbacked crypto assets will “inevitably pose significant risks to consumers.” According to Treasury Committee Chair Harriett Baldwin, Bitcoin an Read more about Crypto retail trading should be regulated as gambling: UK lawmakers #Bitcoin, #Cryptocurrency, #Cryptomarket, #...

The indexes are proxy measures of the performance of the global NFT market.They are run by CryptoSlam, a subsidiary of Forkast.News that falls under the Forkast.Labs brand. The Forkast 500 NFT index fell 0.13% to 3,378.53 points in the non-fungible token (NFT) market in the 24 hours leading up to 7:30 a.m. in Hong Kong, down 2.32% for the entire week. Related: Discover how to create NFT in just 6 easiest steps! This, said CryptoSlam NFT analyst Yehudah Petscher, can again be attributed to “low volume and high transacting fees from crypto trading.” On Ethereum, the most popular blockchain for NFTs, 24-hour NFT sales increased 2.16% to US$18.6 million.  Sales on the Bitcoin blockchain took second place on Cryptoslam’s blockchain ranking by gaining 32.11% to US$4.6 million. Yehudah said: “Bitcoin NFTs are jus Read more about Bitcoin to challenge Ethereum’s NFT supremacy? #Bitcoin, #Blockchain, #BoredApeYachtClub, #Cryptonewstoday, #Ethereum, #NF...

According to data from Parsec Finance on May 15th, the Lido liquid-staking protocol enabled its users to withdraw Ether for the first time. This was made possible through an upgrade to version two, which was approved by the Lido decentralized autonomous organization. Before the upgrade, users were unable to withdraw their ETH because of the lack of a withdrawal function. After the upgrade, users were able to redeem their stETH for its underlying ETH, resulting in over $500,000 worth of ETH being withdrawn in the first three hours. Liquid staking has become increasingly popular since the Shapella upgrade, and on May 1st, it became the top decentralized finance category in terms of total value-locked, surpassing decentralized exchanges. However, there are still legal uncertainties surrounding liquid staking in the United States, Read more about $500K worth of stETH redeemed in 3 hours as Lido enables withdrawals #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonews...

Billionaire investor and hedge fund manager Paul Tudor Jones believe that a halt in the United States Federal Reserve's (Fed) interest rate hikes could benefit stock prices. According to Jones, declining inflation readings over the past year suggest that the Fed may stop tightening in the coming months, potentially leading to an increase in the prices of risk assets such as stocks and cryptocurrencies such as Bitcoin. Although BTC prices are sensitive to macroeconomic factors, an accommodative monetary environment could increase the funds available for investment in riskier assets. Jones expects stock prices to recover gradually by the end of 2023 but is not excessively bullish. Some commentators attribute the current state of monetary policy to the banking industry's recent troubles, with some banks blaming the Fed's rate hikes Read more about Paul Tudor Jones Predicts Potential Stock Price Recovery as Fed Pauses Rate Hikes #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryp...

Three new cryptocurrency exchanges added FLOKI, a popular meme token based on a dog theme, to their listings on May 15. This brings the total number of support exchanges to over 93. The first exchange to announce the listing of FLOKI was the ABX Exchange, a globally recognized trading platform for cryptocurrencies and nonfungible tokens (NFTs). The ABX Exchange has received accolades for its exceptional service, including the "Best Crypto Exchange" award at the Crypto Expo Dubai 2023. The decision to list FLOKI on the ABX Exchange signifies the growing prominence and popularity of meme coins. Trading activities, including deposits, withdrawals, and spot trading with the FLOKI/USDT trading pair, began on May 15, 2023. Hotcoin, an Australian-based crypto exchange with a substantial user base of over five million individuals, also Read more about FLOKI Expands Listing to Three New Cryptocurrency Exchanges #Adoption, #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Crypton...

According to the Chair of the US Securities and Exchange Commission, Gary Gensler, the agency is prepared to assist crypto intermediaries in achieving compliance. Gensler made this statement during his speech at the Atlanta Fed's 2023 Financial Markets Conference, which followed the increased tension between the regulator and exchanges regarding the process of registering with the agency. Gensler emphasized that the business models of crypto intermediaries often rely on non-compliance. He added that these models frequently involve commingling customer funds and are plagued by conflicts of interest. Gensler urged crypto platforms to register with the SEC, categorizing the majority of cryptocurrencies as securities. However, crypto exchanges such as Coinbase resisted this call, asserting that they do not list securities. In March, Read more about SEC Chair Gary Gensler Offers Assistance for Crypto Intermediaries to Achieve Compliance #Adoption, #Altcoin, #Blockchain, #Cryptocurrency,...

Amazon is preparing to revamp its search features on its online web store by developing and implementing a new "search" functionality with an interface similar to ChatGPT. Job posts from the company revealed their intention to reinvent existing search features using advanced deep-learning techniques on a large scale. The posts indicate that Amazon is seeking experienced professionals to lead this AI-driven initiative, offering competitive salaries ranging from $119,000 to $261,500 per year, depending on the position and location. The company aims to create an interactive conversational experience that helps customers find answers to product questions, perform comparisons, receive personalized suggestions, etc. These announcements align with the rapid advancements in generative AI following the launch of OpenAI's ChatGPT Read more about Amazon to Revamp Online Search with ChatGPT-like Interface #Amazon, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News