Solana has surpassed $32 with its native SOL token this week and VanEck’s predictions predict a bright future.
In the exciting world of cryptocurrencies, Solana, Ethereum’s contender in the layer 1 blockchain category, is making waves this week as its native coin, SOL, surpasses the impressive $32 mark. A rollercoaster of emotions for investors and a hot topic in crypto conversations. In this sense, predictions have come out from VanEck that predict a bright future for the token.
Asset management firm VanEck, known for its expertise in the world of cryptocurrencies, has presented a report that sheds light on the future of Solana. In this detailed analysis, VanEck describes various scenarios for the price of SOL, from a conservative estimate of USD 9.81 to a bold projection of USD 3,211.28 by 2030. This could mean an astronomical 10,600% price increase for Solana in the next years.
Wall Street Journal Corrects Figures on Cryptocurrency Financing by Militant Groups in the Middle East
The Wall Street Journal (WSJ) has issued a partial correction to an article published on October 10 that caused a stir by claiming that Hamas and other militant groups were financing their terrorist activities with cryptocurrencies. The review sheds light on the need for accurate and balanced information in a field as delicate as this.
The original article, titled “Hamas Militants Behind Attack on Israel Raised Millions in Crypto,” cited blockchain forensics firm Elliptic to claim the Palestinian Islamic Jihad (PIJ). A terrorist organization operating in the Gaza Strip had raised up to USD 93 million between August 2021 and June 2023. However, this data required essential clarification.
Elliptic, the firm in question, made it clear that the seizure of wallets linked to the PIJ, which received USD 93 million during that period, did not necessarily imply that these funds were used to finance terrorist activities. Research from another blockchain forensics firm, Chainalysis, suggests that just $450,000 of those funds were sent to a wallet known to be affiliated with terrorism.
SEC Commissioner Advocates for Greater Clarity in Regulation of Cryptocurrency Projects
The Securities and Exchange Commission (SEC) has stated that the application of securities laws is clear. However, Commissioner Hester Peirce, known for her support of cryptocurrencies, has expressed her concerns in a statement on Friday. Arguing that the situation is far from clear.
SEC member Hester Peirce did not mince words in her dismay at the way the agency has addressed charges against crypto startup LBRY.
Despite the agency’s claims that securities laws apply clearly to token-based projects, Peirce maintained in his statement: “There is no clear path for a company like LBRY to register its offering.” of functional token. Furthermore, he noted that even if a company manages to register its token offering, this effort might not be particularly useful.
Google Increases Investment in Artificial Intelligence with USD 2 Billion in Anthropic
In the exciting world of artificial intelligence (AI), Google is making big moves by reinforcing its commitment to this technology. According to a recent report, the tech giant has invested another $2 billion in AI startup Anthropic.
This move by Google follows an initial $500 million investment in Anthropic, which had already attracted attention for being a competitor to OpenAI, the creators of ChatGPT. According to a note published by the Wall Street Journal, Google plans to disburse the remaining USD 1.5 billion over time. According to sources close to the matter.
By Leonardo Pérez
