✅ In October, the capitalization of stablecoins increased by over $1.7 billion.
As of November 1, 2023, the total market capitalization of stablecoins reached $120.22 billion, according to Glassnode. Over the past month, this figure has grown by 7%. Experts believe that the increase in capitalization in the stablecoin sector indicates a capital influx into the cryptocurrency market.
✅ Bernstein: Bitcoin Price to Reach $150,000 by 2025
If spot Bitcoin ETFs are approved, the asset's price is expected to reach $150,000 by 2025. CNBC reports this based on a report from Bernstein. According to analyst Gautam Chugani, the U.S. Securities and Exchange Commission (SEC) is expected to approve applications for these exchange-traded funds in the first quarter of 2024.
✅ Ripple Labs and the National Bank of Georgia to Launch a CBDC Pilot
The National Bank of Georgia (NBG) has chosen Ripple Labs as a technological partner to launch a pilot project for a central bank digital currency (CBDC). According to Ripple, NBG intends to use the platform's technical capabilities to evaluate the potential applications of the digital lari, determining its advantages for the government sector, businesses, and individual retail users.
✅ The Beatles Released a Song Created with AI
On November 2, 2023, the music band The Beatles released their latest song titled "Now And Then," which was successfully recorded using artificial intelligence (AI). The track was released by the Universal Music Group and is based on John Lennon's original composition from 1978.
A cassette containing the song was handed over to the band by John Lennon's widow, Yoko Ono, in 1994. However, at that time, the composition couldn't be played due to the poor recording quality. In 2021, director Peter Jackson released a mini-series titled "The Beatles: Get Back." During the filming, the project's team developed their own AI-based software for audio processing, as mentioned in the video. With the help of this tool, they were able to isolate Lennon's voice from the 1978 recording. This way, the composition was completed, with a significant contribution from AI.
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