MLM Network Zone

Only Bitcoin should be considered cryptocurrency because PoW relies on cryptography and nothing else to secure the network. Reclaiming the name “crypto” is both powerful and important because it speaks volumes that mathematics alone enforces the robustness of the ledger. bit.ly/3f7o14k http://dlvr.it/Sy9t6H

Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it. from Cointelegraph.com News https://ift.tt/5AUMO6H via IFTTT

Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins. from Cointelegraph.com News https://ift.tt/wRJybDF via IFTTT

About 60,000 bitcoins valued at just over $2 billion were removed from trading platforms in the past 90 days. The number of bitcoins on centralized exchanges is slightly more than 2 million. A recent report from Falconx says swings in the market have been exacerbated by a persistent lack of liquidity. Crypto Exodus: Over $2 Billion in Bitcoins Pulled from Exchanges in 90 Days The count of bitcoins on centralized exchanges has plummeted to a multi-year low, with a mere 36,000 BTC exceeding the 2 million mark. This starkly contrasts the 2.513 million BTC stashed on trading platforms as of November 5, 2022. Within a span of under a year, exchanges saw a reduction of 477,000 BTC . Fast forward to July 31, 2023, and about 2.096 million bitcoins were held on these trading platforms. This implies that, at current BTC exchange rates, a hefty sum of $2 billion in bitcoins, or 60,000 BTC , has been withdrawn from these platforms. The same can be said about the number of ethereum ( ETH ...

Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year. from Cointelegraph.com News https://ift.tt/RmvduT2 via IFTTT

When and if the government cracks down on Bitcoiners and free speech, having a resilient social layer can make all of the difference between thriving and unable to function in society. bit.ly/3f7o14k http://dlvr.it/Sy8Mx5

A new acquisition suggests competition among regional Thai banks for exposure to the Bitcoin and crypto sector is on the rise. bit.ly/3f7o14k http://dlvr.it/Sy7xvB

VanEck joins the group of asset managers updating applications for a spot Bitcoin ETF in the United States. from Cointelegraph.com News https://ift.tt/REFmhY0 via IFTTT

Vaneck, a leading digital asset manager, has recently unveiled a study on the network Solana, providing a wide spectrum of SOL valuation scenarios for the year 2030. Authored by Patrick Bush, the senior investment analyst, of digital assets, and Matthew Sigel, the head of digital assets research, the report dives deep into Solana’s potential, presenting a balanced view from base-case to bearish to bullish prospects. Vaneck Research Report Offers Solana Valuation Scenarios for 2030 On October 27, 2023, Vaneck published a report on the Solana (SOL) network, exploring various SOL valuation scenarios for the year 2030. The document authored by Bush and Sigel aims to provide a detailed examination of Solana’s potential future, covering a range of possibilities. The Vaneck study outlines different potential futures for Solana, with predictions ranging from $9.81 to $3,211.28 per SOL by 2030. The forecast considers various market share predictions and revenue estimates across several se...

USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023. from Cointelegraph.com News https://ift.tt/uOc4oqU via IFTTT

Drawing upon the latest statistics, ten nations are grappling with inflation rates surpassing 40% as of October 2023, while four countries are enduring inflation rates in excess of 100%. A look into the data curated by the International Monetary Fund’s World Economic Outlook reveals that the Venezuelan bolivar is weathering significant inflation at a rate of 360%, closely followed by the Zimbabwean dollar at a rate of 314.5%. 10 Nations Grapple With Soaring Inflation, Surpassing 40% and Shaking Economies Numerous fiat currencies have faced challenges throughout 2023, resulting in a depreciation when measured against others. In essence, this inflation translates to a diminished capacity to purchase goods and services with the same amount of money, directly linked to decreased purchasing power. Inflation significantly influences consumers, and it equally disrupts businesses, leading numerous companies to collapse. Moreover, hyperinflation is typically characterized by monthly inflat...

Economist Peter Schiff has warned that the U.S. dollar will tank, taking the U.S. economy and the American standard of living down with it. Noting that everyone who owns U.S. dollars could “get destroyed,” he cautioned: “We are getting very close to a crash in Treasuries. That means the party will finally come to an end. The truth will be laid bare as the day of reckoning arrives with a vengeance.” Peter Schiff on Treasuries Crashing, US Dollar Tanking Economist and gold bug Peter Schiff warned about the state of the U.S. economy and the collapse of the U.S. dollar again this week. “We are getting very close to a crash in Treasuries. That means the party will finally come to an end. The truth will be laid bare as the day of reckoning arrives with a vengeance,” he wrote on social media platform X Wednesday. The economist stressed: The dollar will tank, taking the U.S. economy and the American standard of living down with it. “U.S. Treasuries are now the ultimate risk asset, as l...

Sam Bankman-Fried testifies in court, searches for ‘buy Bitcoin’ surge, and Gemini sues Genesis over collateral. from Cointelegraph.com News https://ift.tt/lJnCrAV via IFTTT

Mark Cuban, a Shark Tank investor and the owner of the NBA team Dallas Mavericks, has shared what he thinks crypto is really about. “Crypto is still waiting for its Instagram moment,” the billionaire said, noting that “What crypto is missing is that one application that grandma really wants to use.” Mark Cuban Shares What Crypto Needs to Go Mainstream Billionaire Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, answered a number of questions from users on social media platform X during an episode of Wired’s “Tech Support,” broadcast on Wednesday. Some questions were about cryptocurrency and non-fungible tokens (NFTs). Replying to a question about whether he thinks crypto is dead, Cuban promptly said: “No. Hell no.” However, the billionaire added: But I do think crypto has some problems. Number one, most people, when they think crypto, they think speculation. That’s not what crypto’s really about. “Number two, crypto is really about creating new appl...

Year-to-date, the dynamic landscape of crypto data reveals a 106% surge in bitcoin ( BTC ) value against the U.S. dollar. However, it’s noteworthy that it does not clinch the title of the top performer in this period. A closer look at the metrics since the dawn of the year illuminates the impressive rise of several cryptocurrencies eclipsing the 700% mark against the greenback. Meanwhile, a selection of these digital assets has experienced a staggering loss, plummeting over 60% in value within the fiscal year’s framework. Outshining Bitcoin: The Altcoins That Soared Beyond 700% in 2023 A journey through the last 300 days since January 1, 2023, unveils the volatile performance of various digital currencies against the U.S. dollar. While bitcoin (BTC) has experienced a commendable 106% increase, other tokens like aptos (APT) and chainlink (LINK) have also basked in the glory of gains surpassing 100%. Nevertheless, it’s crucial to highlight that 26 other cryptocurrencies have outsho...

The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a new era for the Dydx chain. The introduction of dydx as the L1 token brings with it enhanced utility, including the distribution of network fees to validators and stakers, and the allocation of trading fees to stakers in the USDC stablecoin. Dydx Chain’s Mainnet Goes Live, Introducing Dydx as Integral L1 Token Located in Zug, Switzerland, the Dydx Foundation oversees the Dydx chain , ensuring a secure and efficient operation of the network. Utilizing the Cosmos SDK and leveraging CometBFT for consensus, the Dydx network requires validators to stake its native tokens, contributing to the network’s security and governance. The development team’s announcement sent to Bitcoin.com News details that the L1 protocol token is pivotal in upholding ...

LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? from Cointelegraph.com News https://ift.tt/AVJ4snm via IFTTT

Debasement is the action or process of reducing the quality or value of something, particularly in relation to money. bit.ly/3f7o14k http://dlvr.it/Sy2sDj

According to the study, a blockchain’s “fullness” is directly related to its security. from Cointelegraph.com News https://ift.tt/RbYX8AT via IFTTT

Could Javier Milei's campaign actually have revitalized the energy and determination of the incumbent system? bit.ly/3f7o14k http://dlvr.it/Sy2VM6

Kraken has notified its users when they will comply with a requirement to provide IRS with user records. bit.ly/3f7o14k http://dlvr.it/Sy0fVQ

The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate. from Cointelegraph.com News https://ift.tt/qgm1Q2T via IFTTT

The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present. from Cointelegraph.com News https://ift.tt/24qcIdA via IFTTT

With bitcoin trading higher amid rising anticipation of a spot bitcoin exchange-traded fund (ETF) approval in the U.S., investor moods have clearly shifted. The index measuring the balance between fear and greed emotions of participants in the crypto market entered the green zone of the scale this week. Crypto Fear and Greed Index Registers Bullish Market Sentiments The price of bitcoin ( BTC ) surged this week, likely in reaction to developments interpreted positively by investors anticipating the regulatory approval of America’s first spot bitcoin ETF. BTC is trading well over $34,000 at the time of writing, compared to around $28,000 last Thursday. The change in sentiment was quickly registered by the Crypto Fear and Greed Index ( CFGI ) which exceeded 70 points out of 100 this week and stands at 71 (greed) on Oct. 26, according to the one devised by the software development platform Alternative.me. Last week, the indicator was in the neutral zone and last month it was below ...

From “The Withdrawal Issue”, Ray Youssef tells the story of how Paxful began falling apart due to mismanagement. bit.ly/3f7o14k http://dlvr.it/Sy0MP8

Despite many jurisdictions with uncertain or disapproving legal stances, African Bitcoin users seem to have much more freedom to experiment and build than Americans. bit.ly/3f7o14k http://dlvr.it/SxzzlK

The price of BTC continues to rise as hype builds for a spot Bitcoin ETF approval and the halving next year. bit.ly/3f7o14k http://dlvr.it/Sxymtl

A relatively simple proposal can help improve both the Lightning Network's payment success rate, but also one of it's worst privacy short comings. bit.ly/3f7o14k http://dlvr.it/SxymT7

The battle for financial freedom at the precipice of total government control hinges on our active engagement and collective commitment to protecting our liberties and Bitcoin's transformative potential. bit.ly/3f7o14k http://dlvr.it/SxymK3

FinCEN has proposed to regulate Bitcoin privacy tech under the PATRIOT Act. But the data used to support FinCEN‘s proposal is partial at best, highlighting the gravity of blockchain surveillance software shortcomings. bit.ly/3f7o14k http://dlvr.it/SxymF4

The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and expert witnesses? from Cointelegraph.com News https://ift.tt/gj8F75Z via IFTTT

Bitcoin’s break above $32,400 points to the continuation of the bull move, but will traders be able to sustain the current momentum? from Cointelegraph.com News https://ift.tt/PgwcZuq via IFTTT

This is a legitimate vulnerability in the Lightning protocol, but the sky is not falling. bit.ly/3f7o14k http://dlvr.it/Sxw72g

A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range? from Cointelegraph.com News https://ift.tt/xMu7sEI via IFTTT

Bitcoin futures open interest (OI) has surged dramatically within the last day, with CME Group’s OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This isn’t an isolated event; platforms such as Binance, Deribit, Bitget, and Okx are also experiencing significant upticks. Bitcoin’s Futures Landscape Heats Up For those new to the term, in bitcoin futures, open interest (OI) represents market engagement and the volume of money or contracts actively circulating. In layman’s terms, it’s the sum of unsettled futures contracts — those not yet cleared by a counter-trade or delivery. Recent data shows a noteworthy increase in bitcoin futures OI in just 48 hours. K33 Research ‘s latest findings highlight CME BTC futures OI’s rise beyond 100,000 BTC , setting a new record. With this leap, CME now commands a 25% market slice, narrowing the gap with Binance’s lead in the futures sector to a mere 4%. On October 23, there was also a notable rise in CME’s options volume and ...

It’s unclear if Rep. Emmer will have enough support to win in a full floor vote, but the lack of a Speaker of the House has effectively halted all legislation since Oct. 3. from Cointelegraph.com News https://ift.tt/PFNdpKx via IFTTT

An analysis of the inevitable political situation in El Salvador when Nayib Bukele can no longer hold the office of president. bit.ly/3f7o14k http://dlvr.it/SxtgPc

A classic Bitcoin Twitter post is resurfacing, showcasing the remarkable price growth of Bitcoin over the last decade. bit.ly/3f7o14k http://dlvr.it/SxtDsH

According to the onchain analyst Zachxbt, 4,800 bitcoins taken from the now-defunct darknet marketplace Abraxas were transferred to a bitcoin mixing service. Abraxas exit scammed in November 2015 after less than a year, and the bitcoins had remained untouched since then. $144M in Bitcoin from 2015 Abraxas Scandal Suddenly Moved to Mixer Zachxbt reported on the social media site X (formerly Twitter) that the 4,800 bitcoins, valued at $144 million, from an Abraxas wallet were moved to a mixing service. “An entity moved ~4800 BTC ($144M) originating from Abraxas darknet market which exit scammed in Nov 2015 after previously sitting dormant,” the analyst said on Monday. “They consolidated funds and also deposited [them into] a bitcoin mixer,” Zachxbt added. When Abraxas defrauded its customers and vendors, bitcoin was trading at $386 per unit on the day the marketplace disappeared. This means the stolen bitcoins from Abraxas were worth about $1.85 million at that time. Abraxas beg...

Worldcoin, which uses iris biometrics to create a unique human identity database, said Sunday it is changing the distribution of its circulating WLD token supply and its market maker loan agreements. The project, launched in July, will decrease the loan amounts to market makers and will start rewarding operators with WLD instead of USDC. Worldcoin Updates Token Supply and Loan Agreements WLD’s circulating supply is now close to 134 million tokens, an increase from the 100 million at its debut. In an update published on Sunday, the company said this jump is attributed to more than 800,000 new and current users who claimed about 34 million tokens through free grants. To boost liquidity, Worldcoin provided 100 million WLD in loans to five market makers, with those loans set to end on October 24, 2023. The company backed by Openai CEO Sam Altman has extended these loans to December 15 but has cut the overall loan amount to 75 million WLD. On October 24, market makers can return as ma...

The Supreme Court of El Salvador introduced requirements preventing campaigning and holding the office of the President simultaneously. bit.ly/3f7o14k http://dlvr.it/Sxr1CS

The author of "Rich Dad, Poor Dad," Robert Kiyosaki, believes central bank monetary policy will buoy the price of Bitcoin, pushing the asset to $130,000. bit.ly/3f7o14k http://dlvr.it/Sxqbwg

Pro-Bitcoin presidential candidate Javier Milei has forced a run-off election in Argentina by winning 30% of the national vote. bit.ly/3f7o14k http://dlvr.it/SxqCjw

Over the span of ten months, since mid-December 2022, the cryptocurrency known as wrapped bitcoin (WBTC) experienced a reduction of nearly 23,000 coins from its circulation. Today, WBTC has 79,839 distinct wallet holders. Notably, a hefty 73.76% of these tokens are concentrated within the top 100 holders. Aave and Compound Emerge as Leading Holders of Wrapped Bitcoin As of October 22, 2023, there are 79,839 individual wallets holding WBTC, a token pegged 1:1 with bitcoin ( BTC ). The circulating WBTC tokens number 163,006, valuing the project at $4.88 billion. From December 17, 2022, there’s been a 12.31% reduction in WBTC’s circulating supply, declining from 185,909 WBTC to the current 163,006 WBTC . The inception of the Wrapped Bitcoin project is credited to a collaboration between Bitgo, Kyber Network, and Ren (previously known as Republic Protocol). It made its debut on the Ethereum blockchain in late January 2019. Minting and redemption processes are facilitated through cust...

Anthony Scaramucci, founder of Skybridge Capital, believes that if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded fund, the value of bitcoin could surge significantly. Scaramucci also discussed Sam Bankman-Fried, the former head of FTX, and Gary Gensler, the current chair of the SEC. Scaramucci Shares His Bold Bitcoin Prediction, Discusses SEC Chair Gensler and Former FTX Chief Bankman-Fried Scaramucci , who is optimistic about bitcoin, recently spoke with Altcoin Daily about various crypto-related topics. The American financier touched on Blackrock’s Bitcoin ETF, mentioning he was its first external investor. He also addressed the situation with Sam Bankman-Fried , the former FTX chief who owned a 30% stake in Skybridge Capital. Scaramucci said he’s negotiating with the bankruptcy estate and has no plans to testify in Bankman-Fried’s trial. The Skybridge leader stated he spent approximately four hours with the Department of Jus...

In a startling investigation report, Atlanta News First uncovered the concerning practices of the U.S. Drug Enforcement Administration (DEA) task force officers. At Hartsfield-Jackson Atlanta International Airport, DEA officers, in plain clothes, have been found searching passengers’ carry-ons without warrants and seizing large sums of cash without making arrests. The report and attorneys say the practice raises constitutional and privacy concerns among American citizens. Plainclothes Cash Hunts at Airports Atlanta News First recently shadowed DEA task force officers at Hartsfield-Jackson, observing them as they discreetly moved from gate to gate. Passengers were searched right after scanning their boarding passes, often without any clear indication of the officers’ actual identity or purpose. Film director Tabari Sturdivant recounted his unsettling experience. Mistaking a DEA agent for a Delta representative due to displayed airport credentials, he said, “He just approached me, a...