“`html It has been a tumultuous three days for the cryptocurrency market… to put it mildly. However, bitcoin holders are doing the best, as the bitcoin price surged sharply to approximately $116,000 today following a turbulent weekend that witnessed a decline in the broader crypto market. The bitcoin price declined to the lower $100,000s on Friday as U.S. and China trade conflicts unsettled global markets. President Donald Trump declared new 100% tariffs on Chinese merchandise after Beijing introduced extensive export controls set to commence Nov. 1. Yet during the weekend, market anxieties subsided and the bitcoin price gradually recovered. President…
Autore: wsjcrypto
“`html Norwegian authorities have allegedly initiated an inquiry into prediction platforms’ wagers on 2025 Nobel Peace Prize laureate María Corina Machado, considering the matter as potential espionage.As per a Bloomberg article on Monday, the Norwegian Nobel Institute, the organization that supports the Nobel Committee in determining the peace prize honoree, commenced investigating claims that wagers on the prediction platform Polymarket skyrocketed in the hours preceding the announcement of Machado as the victor. Authorities are reportedly still investigating whether an individual “managed to obtain confidential information and profited significantly from it,” according to the director of the institute, Kristian Berg Harpviken.…
“`html Reliable Editorial content, assessed by prominent industry professionals and experienced editors. Ad Disclosure Indian exchange WazirX has obtained approval from the Singapore High Court, allowing users to finally retrieve their crypto assets. WazirX Restructuring Ratified By Singapore High Court As disclosed by WazirX founder and CEO Nischal Shetty in an X post, the recent hearing at the Singapore High Court concluded with the endorsement of the platform’s restructuring plan. The hearing represented the peak of WazirX’s recovery initiatives following the notorious July 2024 breach. This breach, later associated with North Korea’s Lazarus Group, siphoned nearly $235 million in user…
“`html By Kenneth Christiane L. Basilio, Reporter Cerberus Capital Management LP has presented an unsolicited offer to manage the Subic Bay International Airport, as stated by a Subic Bay Metropolitan Authority (SBMA) official on Monday. The American investment company suggested to “assume control” of the Subic airport as a component of its strategy to rejuvenate the facility, which previously was part of a larger US naval base prior to its closure in the 1990s, SBMA Deputy Administrator Vicente A. Evidente, Jr. mentioned during a House of Representatives hearing. “Cerberus has… proposed an unsolicited plan to take over the Subic Bay…
“`html As per reports, BNB displayed remarkable resilience during a recent market decline that eradicated nearly $20 billion in liquidations at its peak. Initially, the token barely shifted — dropping approximately 2-3% in the early turmoil — and later traded above $1,130, registering a gain of over 10% within 24 hours as purchasers returned. CZ Responds To Skeptics Changpeng Zhao, the former Binance executive, addressed naysayers on social media who claimed BNB’s stable price movement warranted careful examination. He ridiculed those raising concerns, using a laughing emoji and encouraging individuals to provide more examples of BNB’s resilience. He also mentioned…
“`html The UK risks falling behind in the global competition to utilize artificial intelligence, with small enterprises in particular lagging behind their American equivalents, according to Debbie Weinstein, President of Google Europe. Weinstein, who formerly headed Google’s UK and Ireland divisions, stated that although Britain continues to be an innovation center, its small and medium-sized enterprises (SMEs) are more hesitant to embrace AI — a disparity that could hinder productivity growth and broader economic benefits. “The largest divide in terms of productivity-driven expansion is with the US,” Weinstein remarked. “If you examine what has propelled the US compared to the…
“`html A significant crypto derivatives gambler that recently earned $192 million wagering on the crypto market with a oddly timed short has initiated additional bearish positions.The whale trader (0xb317) on the Hyperliquid decentralized derivatives platform has commenced a $163 million leveraged perpetual contract to short Bitcoin (BTC) on Sunday.The 10x leveraged position currently stands at $3.5 million in profit, but it will be liquidated if BTC hits $125,500.The entity garnered attention from the crypto community after establishing a short position merely 30 minutes prior to Trump’s tariff announcement on Friday, which caused the crypto market to plunge but secured them…
“`html Individuals close to Changpeng Zhao, the prior CEO of Binance more commonly referred to as ‘CZ,’ indicate that conversations are escalating within the Trump White House regarding the possibility of granting a presidential pardon for the troubled crypto leader, as per reporting from Charles Gasparino, a Senior Correspondent at FOX Business. Zhao, formerly one of the most powerful personalities in the digital asset arena, served time after a plea agreement with the U.S. Department of Justice in 2023 that resulted in a money-laundering conviction and $4.3 billion in penalties for Binance. However, according to multiple sources acquainted with the…
“`html Today in cryptocurrency, US and Chinese officials indicate a reduction in trade frictions, Bitcoin is revisiting the golden cross, a favorable formation that has historically preceded previous explosive surges. Meanwhile, cryptocurrency traders engage in their “standard justification” behavior by attributing Trump’s tariffs as the cause for the market downturn.US and China officials indicate reduction in trade frictionsOfficials from the United States and China softened the intense dialogue surrounding trade regulations after hostilities between the two nations escalated this week due to China’s restrictions on rare earth exports and US President Donald Trump’s declaration of an additional 100% tariff on…
“`html PHILIPPINE STOCKS might persist in declining this week as negative sentiment stemming from corruption worries burdens local financial markets. On Friday, the benchmark Philippine Stock Exchange index (PSEi) dropped 0.32% or 19.61 points to finish at 6,037.79, while the broader all shares index decreased by 0.23% or 8.57 points to 3,658.44. Week over week, the PSEi also fell by 71.07 points from its closure of 6,108.86 on Oct. 3. “The local market continues to show a bearish inclination as indicated by its trajectory and value turnover. The market remains in a downward trend as corruption matters and the peso’s…