Cryptocurrency

Craig Wright has been embroiled in legal controversies for years, particularly after publicly declaring himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits regarding the intellectual property rights to the Bitcoin whitepaper and Bitcoin code.In a recent twist, Wright, who was discredited in the U.K. High Court’s ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers seeking a staggering £911,050,000,000. Wright contends that the Bitcoin Core developers misrepresented BTC as the original Bitcoin, but he believes that Bitcoin SV, commonly known as BSV, is the actual version of Bitcoin.Since this claim was filed, Wright has been in the spotlight, arguing his claims on social media in numerous X posts.Wright went on further to say that “partnerships unless structured as limited liability partnerships (LLPs) usually operate under joint and several liability. BTC Core is not.””This means every partner is on the hook for the full weight of any legal claims or debts. When some partners don’t respond, the court won’t chase them down immediately; instead, they’ll direct their focus on the one partner who did show up,” Wright stated.Wright’s latest comments aiming to define BTC Core attracted attention from the crypto community. An X user replied, “Bitcoin Core isn’t a legally recognized partnership. Contributors to open source projects don’t magically become members of a partnership.”Ripple CTO David Schwartz reacted to the points raised by Wright saying: “This argument might almost work if you tried to target all bitcoin holders. At least then you can argue that the token represents shares of the partnership and they have agreed to split revenue by token holdings. But even that’s a crazy stretch.”This article was originally published on U.Today More

Extracts of this interview have been separately published on X by other crypto enthusiasts. One of the statements that caught the attention of the Bitcoin community was the statement made by MicroStrategy’s Saylor about those who prefer self-custody to hedge funds like BlackRock (NYSE:BLK).Madison Reidy’s question about this was if there are any risks posed on those people who prefer to hold Bitcoin with custodians and whether it increases the risks of having their Bitcoin confiscated and seized by the U.S. government in the future. Here, she made a historical reference to the Great Depression, when the government confiscated gold from wealthy American citizens.In 1933, during the Depression, President Roosevelt announced that gold holders should turn their gold bullion and coins in and get $20.67 per ounce in return. Back then, the U.S. dollar was on the gold standard, and after collecting the gold, Roosevelt raised the price per ounce to $35. The gold inflow from holders and the printing of dollars that followed was one of the radical measures that allowed the U.S. to steer out of the Depression.Saylor claimed that only “paranoid Bitcoin anarchists” fear that Bitcoin can be seized from them, and he claimed that gold was not seized in 1933 but turned in voluntarily. Since the U.S. is not on the Bitcoin standard, he said, there is nothing to be afraid of.The community was stunned by these words, reacting strongly in the comments.This article was originally published on U.Today More

Bitcoin (BTC) mining difficulty, i.e., the indicator of how difficult is to find the next hash of a Bitcoin (BTC) block, is also set to reach a record-breaking value.In tomorrow’s adjustment, it is expected to gain 4.17% and surpass 95.88 T. The previous high was registered in mid-September over 92.76 T.Currently, the Bitcoin (BTC) network is processing blocks 40 seconds faster than expected. This mirrors the growing Bitcoin (BTC) network activity and, therefore, the optimism of miners.When miners are looking for potential gains, they most likely add new hardware to the network, which is reflected in increased hashrate and mining difficulty.As a result, Bitcoin (BTC) investors immediately turned greedy: the Fear and Greed Index reached 72/100, which is an indicator of strong greed.In the last 24 hours, short positions have covered over 70% of liquidations on derivative markets. As covered by U.Today previously, Bitcoin (BTC) has only five days left to start a bullish phase. Otherwise, the market would log the longest bearish recession ever.According to CryptoQuant’s CEO Ki Young Ju, we might be seeing the longest sideways in a halving year in BTC’s history.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the expanded cashback program for its signature Bybit Card. In addition to the current option to receive cashback in USDT, Bybit Card users may opt to receive BTC or ETH cashback for the first time, enabling holders to increase BTC or ETH holdings and potentially capture market upside when prices go up.The limited-time offer is an innovative Bybit Card feature to introduce more rewards options into the mix, rotating different tokens with each campaign. From now until the rewards pool is fully unlocked, users who are bullish on BTC or ETH can potentially boost their holdings through everyday spendings with their Bybit Card. Receiving cashback in these two dominant cryptocurrencies takes just three steps: The feature is available for eligible Bybit Card users in applicable regions only.Terms and conditions apply: Bybit Card – BTC/ETH Crypto Cashback#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony Autony.au@bybit.comThis article was originally published on Chainwire More

The analysis focuses on the seven-month inverted expanding triangle, a key technical pattern that has been in place since March of this year without being breached. This pattern of lower highs and lower lows, according to the trader, signals that Bitcoin remains primed for a major move higher to as high as $150,000 per BTC. Putting his money where his mouth is, Brandt revealed that he holds a substantial speculative position in the major cryptocurrency.Brandt also shared his thoughts on other major cryptocurrencies, including Ethereum and Solana. Similarly, Ethereum has formed an inverted head and shoulders pattern on its price chart, which is considered a major bullish pattern. Despite this, Brandt remains flat on Ethereum as well, signaling no current exposure to the asset, which he often referred to using an unpleasant word.Brandt also compared Bitcoin’s performance against gold, the most analyzed asset along with the main cryptocurrency. There, the inverted head-and-shoulders pattern on the Bitcoin-to-gold ratio chart, which, as can be seen on an attached chart, predicts Bitcoin to soar more than 400% against gold. Yet the veteran trader is long both on the precious metal and on the cryptocurrency.This article was originally published on U.Today More

In Friday’s trading session, the largest cryptocurrency reached a high of $69,000, its highest level since July 29, when Bitcoin last traded at $70,000.At the time of writing, BTC was up 0.17% in the last 24 hours to $68,277 and up 9% weekly.Bitcoin’s (BTC) ongoing price comeback might have prompted global investors to seek exposure to exchange-traded products (ETPs) linked to the leading cryptocurrency as seen in a remarkable increase in inflows.In particular, U.S.-listed spot ETFs have seen a strong uptake, pulling in $2 billion in investor money in the week just concluded, according to Arkham Intelligence.In a major milestone, On Oct. 18, the U.S. Securities and Exchange Commission (SEC) authorized applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the much-awaited options for spot Bitcoin exchange-traded funds (ETFs).This is the largest ETF week since March, indicating a revived interest and confidence in Bitcoin among institutional investors. Bitcoin ETFs were initially approved in the United States in January.The top contributors to this large inflow include BlackRock (NYSE:BLK), Fidelity, ARK Invest and Bitwise.BlackRock led the push in Bitcoin acquisitions, adding a staggering $1.14 billion to its holdings. Other significant players in the ETF space also ramped up their Bitcoin acquisitions: Fidelity boosted its holdings by $319 million; ARK Invest added $306 million while Bitwise increased its Bitcoin portfolio by $150 million.Bitcoin reached an all-time high of $73,797 in March after soaring for weeks amid optimism on demand for Bitcoin ETFs. The price then fell by more than 30% by early August, before commencing on the present bull market run.This article was originally published on U.Today More

$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called “$DOGTOBER 19.” These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.This exclusive collection, featuring 100,000 individually serialized plushies, will be available globally on launch day. Each plushie will wear one of three hoodie colors—Common, Uncommon, or Rare, each inspired by milestones in $DOG’s journey within the Bitcoin blockchain. This release aims to offer fans a unique, tangible keepsake while marking $DOG’s entry into physical products, a move that distinguishes it within the cryptocurrency landscape.In addition to being a collectible, the $DOG plushies come with exclusive benefits for holders. Owners will gain entry to the $DOG Millionaire Raffle, where they have the chance to win up to 10 million $DOG tokens, currently valued at over $100,000. The first 1,000 buyers will also receive a complimentary Ordinals Profile Picture (PFP) NFT. As part of its community-focused mission, $DOG of Bitcoin will donate 10% of plushie sales to children’s orphanages and dog shelters.The $DOG project, which launched after the activation of the Runes Protocol on Bitcoin, distinguishes itself through its fair distribution model, releasing all 100 billion tokens to holders of Runestone Ordinals NFTs. This upcoming plushie release further establishes $DOG’s presence both on-chain and in the real world, reinforcing its commitment to innovation and community engagement within the Bitcoin space.Plushies will be shipped worldwide, allowing collectors and fans to connect with the $DOG brand wherever they are. For further information about the $DOGTOBER 19 launch and to purchase, visit the official $DOG shop.For the latest updates, users can follow $DOG of Bitcoin on X.About $DOG of Bitcoin$DOG of Bitcoin is a pioneering meme coin project launched on the Bitcoin blockchain following the activation of the Runes Protocol. The project is designed with a strong commitment to fairness and decentralization, distributing its entire supply of 100 billion $DOG tokens to holders of Runestone Ordinals NFTs. As the first meme coin to establish itself on the Bitcoin network, $DOG of Bitcoin aims to foster a community-driven ecosystem that celebrates Bitcoin’s principles while engaging fans through unique initiatives. With its innovative distribution model and community-focused values, $DOG of Bitcoin is setting new standards within the meme coin space, offering both digital and physical connections to its growing community.For more information, users can visit https://dogofbitcoin.com.Social Media:ContactVittorio Pantoliano$DOG of Bitcoincontact@dogofbitcoin.comThis article was originally published on Chainwire More

Blockchain data tracker Whale Alert reported that a Bitcoin wallet that had remained dormant for over 10 years has now been reactivated: “A dormant address containing 25 BTC worth $1,711,020 has just been activated after 10.8 years.”This wallet, which held 25 BTC, was worth roughly $1.71 million at the time of activation. The wallet in question had not made any transactions since 2013 when Bitcoin was valued at a fraction of its current price. At the time, BTC was priced below $1,000, making this whale’s holdings valuable given Bitcoin’s meteoric rise over the past decade.The timing of this whale’s reactivation coincides with Bitcoin’s brief surge to $69,000, a level last seen in July this year. While BTC couldn’t sustain the price and slightly pulled back, BTC remains higher daily, up 0.67% in the last 24 hours to $68,392.The largest cryptocurrency briefly reached a high of $69,000 on Coinbase (NASDAQ:COIN) on Friday, exceeding a level recorded on Wednesday, which was also the highest since July 29. Bitcoin last traded for $70,000 on June 12.At the time of writing, BTC had marginally fallen to $68,399 after reaching highs of $68,689 during today’s trade. Bloomberg reports that investors have added more than $1.8 billion this week to the dozen U.S. exchange-traded funds that hold Bitcoin. The investment products were initially approved in the United States in January.Bitcoin reached an all-time high of $73,797 in March after soaring for weeks on expectations that demand for ETFs would outstrip the number of tokens available for sale. The BTC price then fell by more than 30% by early August, before commencing on the present bull market run.This article was originally published on U.Today More