📊 Comparison of BTC and other top assets returns since the beginning of this year
Users who purchased Bitcoin at the beginning of 2021 earned 79.2%, the highest return compared to the world's top stocks and base metals.
Among companies, Nvidia (+56.3%), Google (+54.2%) and Microsoft (+30.9%) were the most profitable stocks this year.
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🇨🇳 China will launch a digital yuan-linked stablecoin for international trade
The new asset is to be called an “offshore RMB stablecoin”, while its functionality is expected to be limited to international trade, and its value will be pegged to China's CBDC.
The developers stated that unlike other popular stablecoins, such as USDT and USDC, the new asset will be “fully decentralized”.
The new asset is to be called an “offshore RMB stablecoin”, while its functionality is expected to be limited to international trade, and its value will be pegged to China's CBDC.
The developers stated that unlike other popular stablecoins, such as USDT and USDC, the new asset will be “fully decentralized”.
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Pantera Capital CEO:
"Bitcoin is in a new bull market"
The CEO of a U.S. hedge fund stated in a report to investors that after "a period of temporary insanity" that involved Chinese bans on cryptocurrency and a heated debate on the environmental impact of Proof-of-Work, now Bitcoin is "in a new bull market".
Still, Dan Morehead noted there might be an event that could reverse the uptrend: the Bitcoin ETF launch. He recalled the CME futures launch and the Coinbase stock listing on Nasdaq, both events that, despite bullish expectations, led to long cycles of bear markets (Bitcoin crashed 83% and 53%, respectively):
"On Wall Street, there’s a saying “Buy the rumor, sell the fact.” Definitely working in crypto space." It definitely works in the crypto space."
"Bitcoin is in a new bull market"
The CEO of a U.S. hedge fund stated in a report to investors that after "a period of temporary insanity" that involved Chinese bans on cryptocurrency and a heated debate on the environmental impact of Proof-of-Work, now Bitcoin is "in a new bull market".
Still, Dan Morehead noted there might be an event that could reverse the uptrend: the Bitcoin ETF launch. He recalled the CME futures launch and the Coinbase stock listing on Nasdaq, both events that, despite bullish expectations, led to long cycles of bear markets (Bitcoin crashed 83% and 53%, respectively):
"On Wall Street, there’s a saying “Buy the rumor, sell the fact.” Definitely working in crypto space." It definitely works in the crypto space."
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Crypto platform Bakkt has announced a partnership with Google
Now all Bakkt users can add their virtual card to Google Pay and pay for any services and products on the Internet and in stores, where Google Pay is accepted: when making payments, cryptocurrencies will be automatically converted into fiat currency.
Now all Bakkt users can add their virtual card to Google Pay and pay for any services and products on the Internet and in stores, where Google Pay is accepted: when making payments, cryptocurrencies will be automatically converted into fiat currency.
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Switzerland proposes to make Bitcoin a reserve asset, by analogy with gold
⚡️2B4CH think tank has suggested making Bitcoin one of the reserve assets of the Swiss National Bank, along with gold, and adding it to the constitution.
A minimum of 100,000 signatures are required to put the initiative to a vote.
However, the 2B4CH Founder said that they hoped the vote would be successful, but even if it was not, it would already be a success if the topic was brought to the public debate.
⚡️2B4CH think tank has suggested making Bitcoin one of the reserve assets of the Swiss National Bank, along with gold, and adding it to the constitution.
A minimum of 100,000 signatures are required to put the initiative to a vote.
However, the 2B4CH Founder said that they hoped the vote would be successful, but even if it was not, it would already be a success if the topic was brought to the public debate.
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Wages in cryptocurrency
🇭🇳Employees in Salvador now can get paid in BTC
Bitcoin wallet Strike has launched a "Pay Me in Bitcoin" feature that allows to transfer any portion of a dollar salary into Bitcoin without any commission fee.
Jack Mullers, Strike's director, said that saving BTC, which has quadrupled in price over the past year, is the best way to save assets, setting the example of fiat savings accounts that fail to keep up with inflation.
🇭🇳Employees in Salvador now can get paid in BTC
Bitcoin wallet Strike has launched a "Pay Me in Bitcoin" feature that allows to transfer any portion of a dollar salary into Bitcoin without any commission fee.
Jack Mullers, Strike's director, said that saving BTC, which has quadrupled in price over the past year, is the best way to save assets, setting the example of fiat savings accounts that fail to keep up with inflation.
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PlanB, the Stock to Flow (S2F) model Founder, published a chart on his Twitter account comparing 3 BTC cycles after the Halving and added the phrase "Clear skies", that means there is a way to fly.
Stock to Flow (S2F) — modeling the BTC value with Halving and limited issuance.
Stock to Flow (S2F) — modeling the BTC value with Halving and limited issuance.
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BlackRock CEO doubts on bitcoin's chances of hitting $80,000
Larry Fink agreed with a recent statement by JPMorgan CEO Jamie Dimon, who called bitcoin worthless.
"I'm probably more on the Jamie Dimon's camp. I'm not a student of bitcoin and where it's going to go, so I can't tell you whether it's going to $80,000 or 0. But I do believe there's a huge role for a digitized currency."
Cryptocurrencies have a global impact around the world, he said, but it concerns not only bitcoin.
Larry Fink agreed with a recent statement by JPMorgan CEO Jamie Dimon, who called bitcoin worthless.
"I'm probably more on the Jamie Dimon's camp. I'm not a student of bitcoin and where it's going to go, so I can't tell you whether it's going to $80,000 or 0. But I do believe there's a huge role for a digitized currency."
Cryptocurrencies have a global impact around the world, he said, but it concerns not only bitcoin.
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Brazilian kid made 6,500% on father's Bitcoin investment
In 2017, a father made the most needed and profitable move of all buying 1 BTC for $915.8 in honor of his daughter's birthday.
"I bought Bitcoin for her not just as a gift, but as a way of investing in this new economy," the happy father added.
Already, the 4-year-old Brazilian girl owns $61,700, and could well be a millionaire by the time she comes of age.
In 2017, a father made the most needed and profitable move of all buying 1 BTC for $915.8 in honor of his daughter's birthday.
"I bought Bitcoin for her not just as a gift, but as a way of investing in this new economy," the happy father added.
Already, the 4-year-old Brazilian girl owns $61,700, and could well be a millionaire by the time she comes of age.
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The third-largest Bitcoin whale could drop the BTC exchange rate -80% by dumping just 10% of his portfolio
‼️One of the first cryptocurrency largest holders, owning 105,758 BTC at the moment, can significantly influence the BTC rate by selling a small part of his portfolio and buying on drawdowns.
Commonly, the whale sells on every upside and buys back where the TA advises against it.
Altogether in October, the whale sold 7000 BTC (sales minus buys), and in September bought about 2800 BTC.
There is an opinion that by dumping just 10% of his portfolio he can drop the BTC rate by 80%. Yet, as we understand, that’s not the only large holder who manipulates the market.
‼️One of the first cryptocurrency largest holders, owning 105,758 BTC at the moment, can significantly influence the BTC rate by selling a small part of his portfolio and buying on drawdowns.
Commonly, the whale sells on every upside and buys back where the TA advises against it.
Altogether in October, the whale sold 7000 BTC (sales minus buys), and in September bought about 2800 BTC.
There is an opinion that by dumping just 10% of his portfolio he can drop the BTC rate by 80%. Yet, as we understand, that’s not the only large holder who manipulates the market.
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The Senate demanded that Mark Zuckerberg stop the launch of Facebook's cryptocurrency wallet
Yesterday Facebook in partnership with Coinbase announced the launch of cryptocurrency wallet Novi, and immediately received a letter from the U.S. Senate demanding a halt to work on the project:
"We urge you to immediately discontinue your Novi pilot and to commit that you will not bring Diem to market."
The senators noted that the Facebook's head of Financial Markets David Marcus had previously assured them that the company would not pursue the cryptocurrency initiative "without the proper regulatory framework."
Yesterday Facebook in partnership with Coinbase announced the launch of cryptocurrency wallet Novi, and immediately received a letter from the U.S. Senate demanding a halt to work on the project:
"We urge you to immediately discontinue your Novi pilot and to commit that you will not bring Diem to market."
The senators noted that the Facebook's head of Financial Markets David Marcus had previously assured them that the company would not pursue the cryptocurrency initiative "without the proper regulatory framework."
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Ethereum price exceeded $4,000.
The world’s largest digital currency by market capitalization rose by 7% on the background of a new Bitcoin maximum above $66,000.
In early August, the Ethereum network released new London update that completely changed the charging commissions mechanism for transactions. Some of them used to be rewarded to miners as commissions are now burned off.
Burning is the elimination of a part of tokens to reduce their number in circulation. This method is used to fight inflation and increase the value of cryptocurrency.
The world’s largest digital currency by market capitalization rose by 7% on the background of a new Bitcoin maximum above $66,000.
In early August, the Ethereum network released new London update that completely changed the charging commissions mechanism for transactions. Some of them used to be rewarded to miners as commissions are now burned off.
Burning is the elimination of a part of tokens to reduce their number in circulation. This method is used to fight inflation and increase the value of cryptocurrency.
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"Bitcoin’s record run to $67,000 is being driven by inflation and investors' desire to protect themselves from it"
- JPMorgan
Financial conglomerate analysts refuted the view that the reason for the BTC new historic high was the launch of the first U.S. Bitcoin ETF, as exchange-traded funds based on Chicago Mercantile Exchange Futures are unlikely to attract much money in the first cryptocurrency.
⚡JPMorgan representatives believe that the main reason for the current growth of BTC is inflation and the desire of investors to protect themselves from it.
- JPMorgan
Financial conglomerate analysts refuted the view that the reason for the BTC new historic high was the launch of the first U.S. Bitcoin ETF, as exchange-traded funds based on Chicago Mercantile Exchange Futures are unlikely to attract much money in the first cryptocurrency.
⚡JPMorgan representatives believe that the main reason for the current growth of BTC is inflation and the desire of investors to protect themselves from it.
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Walmart stores started selling bitcoins
The cryptocurrency is being sold as part of a pilot program through Coinstar terminals
Walmart didn't make an official announcement about selling the cryptocurrency in its stores after fake news about Litecoin support appeared in September. At the time, fake information was even published on the official Litecoin Foundation account, leading to increased volatility in the market.
The cryptocurrency is being sold as part of a pilot program through Coinstar terminals
Walmart didn't make an official announcement about selling the cryptocurrency in its stores after fake news about Litecoin support appeared in September. At the time, fake information was even published on the official Litecoin Foundation account, leading to increased volatility in the market.
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A 3.1 million CoinMarketCap account base appeared on the darknet
3,117,548 email addresses were stolen as a result of the leak; passwords were not affected. CoinMarketCap representatives have not yet determined the exact cause of the hack.
Some users are alleging phishing emails.
3,117,548 email addresses were stolen as a result of the leak; passwords were not affected. CoinMarketCap representatives have not yet determined the exact cause of the hack.
Some users are alleging phishing emails.
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As we remember, on October 21, bitcoin rate on the crypto exchange Binance US momentarily fell to $8.2 ths.
After that, quotations recovered their previous values. As of October 24, 15:00 Moscow time, the first cryptocurrency is trading at $60.3 ths, it has fallen in price by 2% over the past 24 hours.
The day after the incident, the company explained that the reason for the instantaneous collapse of the cryptocurrency rate by 87% was an error in the trading algorithm of one of its users. The institutional trader discovered it in his trading terminal.
That's not the first time it has happened. For instance, in March last year, the BTC rate paired with the stablecoin USDS fell from $8,800 to $101 on the decentralized Binance DEX platform. The trader who managed to catch that decline made an 8700% profit in a single trade.
After that, quotations recovered their previous values. As of October 24, 15:00 Moscow time, the first cryptocurrency is trading at $60.3 ths, it has fallen in price by 2% over the past 24 hours.
The day after the incident, the company explained that the reason for the instantaneous collapse of the cryptocurrency rate by 87% was an error in the trading algorithm of one of its users. The institutional trader discovered it in his trading terminal.
That's not the first time it has happened. For instance, in March last year, the BTC rate paired with the stablecoin USDS fell from $8,800 to $101 on the decentralized Binance DEX platform. The trader who managed to catch that decline made an 8700% profit in a single trade.
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Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products
— CNBC
— CNBC
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"Layer 2 solutions are the future of Ethereum scaling"
During the Shanghai Blockchain Week conference, Vitalik Buterin said that the only safe way to scale Ethereu while also maintaining a worthwhile level of decentralization is to use Layer 2 solutions, and added that own "segmentation" solutions will take a long time.
During the Shanghai Blockchain Week conference, Vitalik Buterin said that the only safe way to scale Ethereu while also maintaining a worthwhile level of decentralization is to use Layer 2 solutions, and added that own "segmentation" solutions will take a long time.
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