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Prediction platform Polymarket announced that the chance of winning Donald Trump, the pro-bitcoin (BTC) candidate, in the US presidential election has reached 58.7%. On the other hand, the chance of Kamala Harris is estimated to be 41.2%, 17.5% less than Trump. These figures show Trump's significant advantage in current forecasts.
A new survey by Francisco Gavidia University in San Salvador shows that only 7.5% of El Salvadorians use Bitcoin (BTC) for transactions. Meanwhile, President Nayib Bukele introduced Bitcoin as legal tender in El Salvador in 2021. Only 1.3% of the respondents believe that Bitcoin should be the main economic priority of the country in the future. However, 58 percent of people are satisfied with the performance of Bagileh. Bagileh recently admitted that the number of citizens using Bitcoin was lower than the government expected. This survey asked 1,224 people about various issues including economy and security.
James Howells, a 39-year-old man, is suing Newport City Council for not allowing him to dig into a landfill to recover a hard drive containing 8,000 Bitcoins (BTC). These bitcoins, which were mistakenly thrown away in 2013, are now worth $646 million. Howells, with a team of experts, is ready to conduct a $13 million dig at no cost to the council, offering to split 10% of the value of the recovered bitcoins with the council. The city council claims to be the legal owner of the hard drive and considers the excavation to be in violation of the environmental permit. The court will hear the case in December.
Changpeng Zhao aka CZ, founder and former CEO of Binance, warned about the dangers of deepfake videos created by artificial intelligence in the field of digital currencies. These videos can encourage users to make fake investments and scams. Zhao emphasized the need for more education about artificial intelligence. After serving his four-month sentence, he plans to attend the Binance Blockchain Week in Dubai. Zhao believes that the correct use of artificial intelligence can transform industries, but its misuse can have devastating consequences.
In the 4-hour time frame, degen has broken its downtrend line and, in my opinion, will soon reach the price of 0.015.
BlackRock, the world's largest asset management company, recently sold 182 Bitcoin (BTC) worth $11.34 million and bought 7,574 Ethereum (ETH) worth $18.52 million. This change in strategy could indicate BlackRock's renewed interest in Ethereum. Analysts believe that this move may increase the price of Ethereum and start a new season for altcoins. However, BlackRock still holds 369,640 Bitcoins worth $23.02 billion versus 414,168 Ethereums worth $1.01 billion.
BlackRock, the world's largest asset management company, set a new record for the third consecutive quarter, with assets under management exceeding $11.5 trillion. This significant increase to $8.59 trillion in 2022 is due to the growth of exchange-traded funds (ETFs) and entry into the digital currency market with Bitcoin (BTC) and Ethereum (ETH) ETF offerings. BlackRock recently acquired Global Infrastructure Partners for $12.5 billion and plans to acquire Preqin for $3.2 billion, indicating the company's expansion strategy.
Peter Schiff, an economist and staunch critic of Bitcoin (BTC), in response to the US government's decision to sell 69,370 Bitcoins confiscated from the Silk Road, sarcastically suggested Michael Saylor. CEO of MicroStrategy, to borrow $4.3 billion to buy these bitcoins. This comment caused a heated debate between Bitcoin fans and critics. Schiff, who favors gold, emphasized bitcoin's lack of intrinsic value, while bitcoin supporters pointed to its unique features. The online debate once again showed the ideological divide between traditional gold supporters and Bitcoin supporters.
Nobuaki Kobayashi, the trustee of Mt. Gox, has announced that the deadline for repayment to creditors has been extended until October 31, 2025 (November 9, 1404). This decision has been taken with the aim of completing the repayment process for all creditors. Since July, about 21,000 creditors have received their Bitcoin (BTC) and Bitcoin Cash (BCH). According to data from the Arkham Intelligence platform, Matt Gox's wallets currently contain 44,900 bitcoins worth approximately $2.75 billion.
Supra, a layer 1 blockchain, has introduced a new solution called Supra Containers, which can eliminate the need for layers 2, 3 and application-specific chains. This solution offers the benefits of Layer 2, such as dedicated execution and token creation, without security and bridging challenges. Supra containers solve the problems of distributed liquidity, limited composability and security by creating a unique execution space called DappSpace and using Supra's fast layer 1 infrastructure. These containers are secured by a network of Supra Layer 1 nodes and share liquidity across the network.
Canary Capital Investment Company (Canary Capital) submitted an application for the registration of exchange-traded fund (ETF) Spot Ripple (XRP) to the United States Securities and Exchange Commission (SEC). Canary Capital is the second company to apply for such a product this month. The Canary Ripple ETF allows investors to access the Ripple market through a traditional brokerage account. This action has been taken after a similar request by Bitwise last week. However, the SEC's approval of Ripple's Spot ETF could face challenges as the agency continues to tussle with Ripple over the legal nature of XRP.
With 861 million shares worth $107 billion, Nvidia CEO Jensen Huang is now worth more than Intel's $96.59 billion market cap. The event highlights Nvidia's impressive growth in recent years. For Huang's fortune to surpass AMD's $276.59 billion worth, Nvidia stock would need to grow another 158%. Despite challenges like the AI ββbubble, Nvidia's future plans for annual innovation in its AI infrastructure could pave the way for further growth. Nvidia shares have grown 174.49% in the last 12 months and reached $124.29.
Max Keiser, a well-known analyst and staunch supporter of Bitcoin (BTC), recently expressed his negative view on the future price of Ripple (XRP). Sharing a video, he claimed that the price jump that XRP investors are waiting for will never happen. This statement comes in the context that XRP has faced selling pressure after the US Securities and Exchange Commission (SEC) appealed the Ripple case. However, some analysts are still optimistic about the future of XRP and believe that technical analysis indicates the possibility of a price jump in the long term. This difference of opinion reflects the uncertainty in the XRP market.
Blockchain security company PeckShield reported that in September 2024, there were more than 20 hacker attacks on digital currency projects. These attacks have caused about 120.23 million dollars in damage. The biggest victims of these attacks are:
1. BingX: $44 million
2. Penpie: $27 million
3. Indodax: 21 million dollars
Other affected platforms included DeltaPrime at $5.98 million, Truflation at $5.6 million, and Onyx at $3.8 million. These events show that despite security advances, the digital currency industry still faces serious challenges in protecting users' assets.
1. BingX: $44 million
2. Penpie: $27 million
3. Indodax: 21 million dollars
Other affected platforms included DeltaPrime at $5.98 million, Truflation at $5.6 million, and Onyx at $3.8 million. These events show that despite security advances, the digital currency industry still faces serious challenges in protecting users' assets.
Analyzing the Coinbase Flow Pulse indicator, an analyst has explained why Bitcoin (BTC) is still bullish despite the recent price drop. This index, which shows the flow of Bitcoin from other exchanges to Coinbase, has been on an upward trend since the beginning of 2023. The 30-day moving average of this index is still above the 90-day average, which indicates the continuation of the upward trend. The bull market is also showing signs of increased buying by Coinbase users, as well as the Coinbase Premium Gap indicator.
Bitcoin (BTC) is nearing the $60,000 support level, down about 10% from its September peak. However, analysts have observed that major Bitcoin miners have reduced their Bitcoin transfers to centralized exchanges in recent weeks. This trend can help support the price. Short-term holders need to reduce the supply by 80,000 bitcoins to continue the uptrend. Otherwise, the price may fall below $57,000. Despite a weak start to Q4 2024, October and November are expected to be bullish for Bitcoin.
The Coinbase digital currency exchange has announced that it plans to remove unauthorized stablecoins from its list by December this year (Azer 1403) in order to comply with the European Union's MiCA regulations. This action will be implemented from December 30, 2024. According to the new rules, stablecoin issuers must have an electronic money license in one of the EU member states. Circle is the first global stablecoin issuer to receive this license, but Tether, the USDT stablecoin issuer, has yet to obtain it. Coinbase plans to announce more details of its plan in November and will offer options for EEA customers to transfer to authorized stablecoins such as USDC and EURC.
The International Monetary Fund (IMF) has once again called on El Salvador to limit Bitcoin (BTC) testing. IMF spokeswoman Julie Kozack recommended in a press conference that El Salvador limit public sector exposure to Bitcoin. This request comes three years after Bitcoin was legalized in El Salvador. The IMF, which has been one of the main critics of this plan, has called for strengthening the regulatory framework and limiting the scope of Bitcoin law. Nayib Bukele, the president of El Salvador, has so far ignored the concerns of international bodies, but recently admitted that the test did not live up to expectations. Despite the government's efforts to promote the use of Bitcoin, research shows that many citizens are indifferent to the use of this digital currency.
An anonymous cryptocurrency trader managed to turn his initial investment of $368 into a theoretical profit of $2 million within three days. This transaction was done with the meme coin HIPPO (HIPPO) on the Sui network. According to Lookonchain, this person first bought 253.5 million hypos and then sold part of it worth $325,000. The remaining value of his tokens is estimated to be around $1.7 million. This transaction has created speculations about the possibility of intra-organizational transactions. At the same time, concerns have been raised about the economics of Tokenomics and the risks of trading memecoins. Experts warn that such transactions are associated with high risks.
According to the Lattice VC report, more than 80% of digital currency startups that received initial funding in 2022 will continue to operate. This statistic is promising despite several crises in the cryptocurrency industry that year, including the collapse of Terra-Luna and the bankruptcy of FTX. In 2022, venture capitalists invested more than $5 billion in 1,200 teams, 2.5 times more than in 2021. However, only 1% of these teams have achieved product-market fit, and only 12% have successfully reinvested. This statistic shows that many of these startups are facing serious challenges to survive.
Benjamin Cowen, a digital currency analyst, warned that rising unemployment rates in the US could hinder Bitcoin (BTC) price growth in the final quarter of the year. Pointing to the historical correlation between employment data and risky assets, Cowen predicted that if the unemployment rate were to reach around 4.9% by the end of the year, Bitcoin would likely not be able to break out of its current price structure. He also noted the similarity of Bitcoin's current pattern to 2019, when prices were trending down on the monthly chart. Cowen emphasized that labor market conditions will play an important role in determining the future direction of Bitcoin.