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JPMorgan is skeptical of crypto next year, says ETF approval may be ‘sell-the-news’ event – CNBC
The market reaction when a bitcoin exchange-traded fund finally gets approved may not match the current buildup, according to JPMorgan. Bitcoin has been breaking through one resistance level after another as excitement around the potential of a bitcoin ETF approval in January intensifies, putting the cryptocurrency at overbought levels similar to those seen in the 2021 bull market, analyst Nikolaos Panigirtzoglou said in a note Thursday. "We are cautious on crypto markets into 2024 and we continue to see a high chance of buy-the-rumour/sell the-fact effect once the SEC approves spot bitcoin ETFs early next year," he said
Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina? – Cointelegraph
Since bottoming around $16,800, Bitcoin (BTC) has displayed resilience throughout 2023, posting over 153% gains year-to-date and 143% over the last 12 months to outperform major tech companies. Despite this impressive performance, the flagship cryptocurrencys price is still 39% below the all-time high (ATH) level against the U.S.
Grayscale mulls over potential tax implications for spot Bitcoin ETFs – Cointelegraph
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-traded funds (ETF) following inaccurate reports circulating about unfavorable tax implications. In a series of posts on X (formerly Twitter), Grayscale clarified that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund sells Bitcoin to generate cash for meeting share redemptions. Grayscale explained this is due to the GBTC being structured as a grantor trust, which means the entity establishing the trust is the proprietor of the assets in this case, the underlying Bitcoin for income and tax purposes
The rise of CBDCs: What lies ahead for crypto and Bitcoin? – CryptoSlate
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more Welcome! You are connected to CryptoSlate Alpha
Ann Coulter Slams Anti-Abortion Activists After Texas Ruling – The Daily Beast
Abortion rights activists just got a show of support from the unlikeliest of sources: Ann Coulters keyboard.
Liberals Extremely Befuddled After Finding Themselves Retweeting Ann Coulter – Mediaite
Befuddled liberals may be the reason why Ann Coulter was trending on X (formerly Twitter) Tuesday after they found themselves retweeting her despite expressing their own confusion about agreeing with the conservative pundit. Coulter posted in defense of a Texas woman who was denied an abortion, even though her fetus had a fatal condition called Trisomy 18.
Ann Coulter Shocks Liberals With Sensible Abortion Take – UPROXX
Ann Coulter used to be the scourge of liberals. The far right commentator has written untold columns and books painting Democrats as a pox upon America.
Could FIDE’s Russian President Get A Third Term In Office? – Chess.com
FIDE could be on the verge of scrapping its presidential term limit and allowing Russian incumbent Arkady Dvorkovich to run for four more years in office. The world chess federation's current rulesbrought in as an election promise by Dvorkovichare contained in the FIDE Charter and state the president has to step down after two four-year terms in power. But a controversial amendment, to be discussed when FIDE meets for its annual general assembly on Sunday, seeks to remove that clause
Refugee team to make historic debut at 45th Chess Olympiad in Budapest – FIDE
In a groundbreaking decision aimed at promoting inclusivity and support for displaced persons, a team representing refugees will take part in the 45th Chess Olympiad set to take place in Budapest, Hungary, in 2024 The move follows a request made by the United Nations High Commissioner for Refugees (UNHCR) to the FIDE Council, which has now been officially approved. The team of refugees will be carefully selected through a supervised process and endorsed by the UNHCR to compete in both the Open section and the Women's section of the most prestigious team chess tournament. The selection process will be coordinated with the UNHCR and finalized on or before April 1 2024
"It’s a problem we will continue to deal with" – Viswanathan Anand on cheating claims in Chess – Sportskeeda
India's first grandmaster and International Chess Federation (FIDE) vice president Viswanathan Anand expressed his views on recent cheating allegations by top players. The five-time world champion thinks that claims and counter-claims of this type will continue to flow. In September 2022, former world champion Magnus Carlsen pulled out of the $50,000 Sinquefield Cup after a defeat against America's Hans Niemann.