Cryptocurrency

Thanks to a report from Whale Alert, dormant address “1PNRpMZ” containing 18 BTC has been activated after almost 11 years. The early Bitcoin investor, who was last active in November 2013, has transferred part of their coins to two other new addresses “3EgCi” and “15UaJb.”These may be test transactions, and the choice of address type is interesting, as usually such transfers happen to new type “bc1,” but this particular investor chose the types 3 and 1 of BTC addresses.Long story short, Legacy addresses start with 1 and are in the original format offer basic functionality but less efficiency. P2SH addresses start with 3 and allow for more complex transactions, such as multi-signature wallets. Bech32 addresses, starting with bc1, are the latest format, optimized for Segregated Witness (SegWit) transactions, offering lower fees, better scalability and improved network efficiency.Thus, our early investor opted for the original 1 format of Bitcoin addresses. Meanwhile, the bulk of their wallet, now estimated at $1.15 million, resides in the “1PNRp” address. Imagine that, in 2013, it cost the unknown investor only $10,883 to acquire 18 BTC, and now they see a 10,408% profit on their holdings.On average, that is a 946.2% return on investment for every year held.This article was originally published on U.Today More

Strategic Investment Propels PiP World’s Mission to Transform Financial Education Through Innovative Web3 Gaming and EdTech SolutionsPiP World, a pioneering Web3 gaming and EdTech ecosystem, has secured $10 million in seed funding from Exinity, a leading global fintech firm. This investment represents a key milestone in PiP World’s mission to revolutionize financial education, transforming it into an engaging and gamified experience that’s accessible to users at all levels. Exinity, headquartered in the UAE with offices in the United Kingdom and Cyprus, is regulated across multiple jurisdictions, including the ADGM Financial Services Regulatory Authority in Abu Dhabi.Pip World blends engaging gameplay with personalized learning to empower users globally. Key offerings include PiP Trader, a strategy management simulator game for building trading portfolios; PiP Academy, a gamified app that simplifies financial concepts; and StockRise, Roblox’s top-grossing stock simulator, now integrated into the PiP World ecosystem.PiP World’s integration into the Web3 gaming ecosystem is particularly timely given the Middle East’s growing prominence in this sector. The UAE, especially Dubai, is rapidly positioning itself as a global hub for Web3 gaming. With the region set to attract up to 100 million gamers and create a market worth an estimated $1 billion by 2025, PiP World is at the forefront of this transformation.With the backing of Exinity and the integration of StockRise into its ecosystem, PiP World is well-positioned to lead the charge in gamified financial education. The platform’s unique blend of gaming, education, and Web3 technology offers a powerful tool for individuals looking to build financial literacy and achieve financial freedom.Exinity Group is a global fintech powerhouse committed to empowering the next generation of investors. With decades of experience in trading and investment, Exinity operates successful retail brands, including ForexTime (FTXM) and Nemo, serving over two million clients across 180 countries. The group’s focus on developing economies in Asia, the Middle East, and Africa, coupled with its commitment to fostering financial success, aligns seamlessly with PiP World’s vision.About Pip World:Backed by Exinity, one of the world’s leading fintech organizations, PiP World will leverage Exinity’s extensive network, including access to its 5 million-strong trader user base and 500,000 monthly active users across Alpari and FXTM. PiP World offers a platform with simplified, visualized, personalized, and gamified experiences that appeal to both novice and seasoned traders alike.The PiP World ecosystem features several unique offerings:About ExinityExinity Group (https://group.exinity.com/) is a global fintech business dedicated to providing a new generation with the freedom to succeed. From its roots in FX brokerage, Exinity is creating and developing a unique range of innovative trading and investing products, using proprietary platforms and original concepts to attract new customers who want the freedom financial independence can bring – but for whom traditional products don’t appeal. Exinity focuses on the developing economies of Asia, the Middle East and Africa, huge markets served by a highly motivated, customer-focused and creative workforce operating out of four strategic centres.Linktree | Website | Twitter | Discord | InstagramContactHead of CommunicationsHari Govindarajanhari@pip.worldThis article was originally published on Chainwire More

Though SHIB has had difficulty holding its position, the tightening range of the symmetrical triangle suggested a potential spike in volatility. The token’s incapacity to sustain the rally has been attributed in part to the absence of strong buying pressure.Still, there is a bright spot in the technical picture. The asset may have another opportunity to strengthen even though the breakout momentum has not materialized because the price is still above the upper line of the symmetrical triangle. The asset might try a more significant upward move if SHIB can muster enough volume and overcome the $0.000017 resistance level. Should this move not occur, SHIB might go through more consolidation or perhaps retrace back to lower support levels at $0.000015.The likelihood of a short-term recovery may be further reduced if bulls are unable to drive the price higher and the token is subject to increased selling pressure. Now traders should be watching to see if SHIB can regain momentum with key resistance levels around $0.000017 serving as important indicators to keep an eye on. In the absence of consistent purchasing support, the road to recovery could become more difficult.This level has acted as a significant psychological barrier, and the market’s recovery implies that bullish momentum may be returning. While the price of Bitcoin is strengthening, it is important to take note of the declining trading volume. Lower volume typically denotes less confidence in the direction of the price movement.This could be an indication that absent an increase in volume the current upward trend may not have enough momentum to last. Nevertheless, this low volume may be advantageous given the mood of the market as a whole, particularly in light of the asset’s recent decline.The fact that Bitcoin was able to rebound from this level indicates that there may be buying interest that could keep the asset safe from further losses.However, for BTC to validate this bullish reversal there needs to be a steady increase in buying pressure. If the sentiment of the market as a whole shifts negative, there is always a chance of another decline. However, at $60,000, Bitcoin is currently demonstrating resilience, which is good news for bulls who are anticipating a longer-term recovery.For Ethereum, the $2,400 mark seems to be both a psychological and a technical barrier, serving as a turning point where sellers have repeatedly intervened to stop further gains. Supporting this is the 50 EMA, which technical analysts frequently view as a dynamic resistance line.The market is still cautious as evidenced by the fact that ETH has been rejected three times at this point, and a breakout appears unlikely in the absence of strong buyer momentum. A more robust bullish reversal may be possible if Ethereum is able to break above $2,400. Under such circumstances, $2,600 and $2,800 would be the next important resistance levels to keep an eye on. A strong breakout could cause investors’ opinions to change and spark a rally that could push ETH back toward $3,000.On the other hand, if Ethereum is unable to muster sufficient buying momentum to overcome this barrier, it may struggle moving forward. If $2,400 is not broken, there may be a retracement and ETH may go back to the lower support levels, which are roughly $2,300 or even $2,200. Ethereum may experience additional losses if the price drops below these levels, which could cause the market to turn bearish.This article was originally published on U.Today More

But the token, along with broader crypto prices, still remained largely rangebound, amid few broader positive signals for crypto markets. Prices were rattled last week by fears of more regulatory action in the U.S..Bitcoin rose 1.7% to $63,913 by 01:32 ET (05:32 GMT). Trading volumes were muted on Monday on account of a holiday in Japan. The trustees of Mt Gox said last week that they will distribute the remaining assets due to creditors- which were stolen during a 2014 hack- by October 31, 2025. The defunct exchange had begun returning nearly $9 billion worth of stolen tokens- most of them Bitcoin- to creditors in July. But recent data showed the trustees still held $2.8 billion worth of tokens. Fears of the distribution had triggered deep losses in Bitcoin earlier this year, given that it entailed a massive increase in supplies. But despite some gains in recent  sessions, Bitcoin remained squarely within a trading range seen through most of the year- between $50,000 to $65,000. The token struggled to break above $65,000 amid a dearth of positive cues. Prices were also dented by fears of more regulatory action, after the U.S. Securities and Exchange Commission last week sued crypto market maker Cumberland for acting as an unregistered dealer with crypto assets. Conversely, crypto exchange Bitnomial sued the SEC for allegedly overstepping its authority in regulating a XRP futures contract. The SEC has several running cases against major crypto exchanges, including COIN and Kraken, over the nature of cryptocurrencies- specifically whether they are regarded as securities. Crypto assets have largely lagged gains in stock markets in recent sessions, while the prospect of a slower decline in U.S. interest rates also weighed on sentiment. Among broader crypto prices, most altcoins tracked gains in Bitcoin.World no.2 crypto Ether rose 2.7% to $2,529.79. SOL and XRP rose 3.6% and 0.2%, respectively, while ADA and MATIC drifted lower.Among meme tokens, DOGE fell slightly. More

Saylor is known for his extremely bullish views on the major cryptocurrency, which he doesn’t forget to confirm with almost daily Bitcoin-focused statements on social media, sometimes viral, sometimes unconventional, sometimes shocking and sometimes insightful, which have already become part of the crypto market lore.The most recent one, however, is more insightful, as Saylor plotted the performance of MSTR stock against other top-performing stocks in the S&P 500, the main index of the U.S. stock market.According to him, MicroStrategy had its best stock performance since August 2020, when the software maker adopted the Bitcoin strategy. To put this in perspective, MSTR is up 1,620% year to date, while its nearest competitor, Nvidia (NASDAQ:NVDA), is up 1,107%, and that’s despite all the artificial intelligence hype.At the moment, this colossal amount of Bitcoin brings the company around $5.85 billion in unrealized profits.The result is clear to see, and despite the bear market we’ve seen throughout 2022 and beyond, Saylor & Co has not stopped buying Bitcoin, and that is perhaps the unspoken part of the strategy, as you need to be prepared for the toughest times along the way.This article was originally published on U.Today More

Powerledger (POWR) has officially completed its integration with the Solana ecosystem, accelerating the pace of innovation in the global sustainability markets. This move combines Solana’s cutting-edge blockchain technology with Powerledger’s proven energy and environmental commodities trading and energy tracking solutions, setting the stage for faster, more efficient, and cost-effective clean energy solutions worldwide.On October 1, 2024, Powerledger began the deprecation of its own blockchain, marking a transition for the POWR token across both Ethereum and Solana. This dual-chain approach unlocks potential for the tokenisation, trading, and tracking of renewable energy assets, including excess clean energy, renewable energy certificates (RECs) and carbon credits (CCs), while driving global environmental accountability. Powerledger’s proprietary energy solutions are now transitioned to Solana mainnet. This integration enables Powerledger’s platform to scale faster, support high-volume energy and environmental commodities transactions, and contribute to a more efficient and decentralised energy future for global sustainability efforts. This integration with Solana mainnet offers, About PowerledgerPowerledger is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity and transparent environmental trading marketplace. Founded in 2016, Powerledger is known for being Australia’s first and most successful ICO. Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland. For more information, please visit https://www.powerledger.io/YouTube: https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBmContactSnehal PawarPowerledgerpr@powerledger.ioThis article was originally published on Chainwire More

Notably, since the launch of Bitcoin ETFs in January, MicroStrategy stock has increased by more than 240%, setting a new record high Oct. 8. That’s around eight times higher than Bitcoin’s performance, which has fallen by 16% since setting its record high of nearly $74,000 in mid-March.This development, as Bitcoin lags behind MicroStrategy’s performance, has caught the attention of the market, sparking discussions among traders and market observers.In a recent X exchange, legendary trader Peter Brandt shared his thoughts on the recent MSTR price action. An X user asked Brandt “what is your thought on MSTR? It has made a massive leg up recently without the help of Bitcoin.”Brandt replied while advising caution: “Just do not follow it. Chart looks volatile, and it will trend with Bitcoin.”Despite the recent disconnect between MSTR’s price and Bitcoin’s performance, Brandt’s view is that the two are still closely linked. He believes MicroStrategy will eventually return to trending alongside Bitcoin, meaning the stock’s long-term performance is highly dependent on Bitcoin’s trajectory.At the time of writing, Bitcoin (BTC) was up 3.11% in the last 24 hours to $62,729.MicroStrategy’s net asset value (NAV) premium has reached 2.5 times its Bitcoin holdings, the highest since February 2021.Not only is the NAV multiple at its greatest level in years, but dividing the MicroStrategy stock price by the Bitcoin price yields 0.0030. This is the highest ratio since MicroStrategy began adopting Bitcoin in August 2020. MicroStrategy raised its “Bitcoin Yield” KPI to 5.1% from 4.4% in Q2, 2024.This article was originally published on U.Today More

After losing the case against COPA (the Crypto Open Patient Alliance) this summer, Craig Wright has filed a new lawsuit, this time without any legal support or representation, against Bitcoin Core and founder of Twitter and the Square payments company Jack Dorsey.The reason for this, according to the sources, is that they wrongfully represented BTC as the true Bitcoin. According to the sources, Wright demands almost 1 billion pounds sterling from Bitcoin Core developers and Dorsey’s Square.In his recent tweet, Craig Wright also hinted that he considered filing a suit against MicroStrategy and its co-founder and executive chairman Michael Saylor, who is also a renowned Bitcoin evangelist.The self-proclaimed Satoshi tweeted: “The shareholders, those supposed defenders of rational self-interest, remain blissfully unaware that their chosen captain, Michael Saylor, steers their ship towards the very rocks that could shatter it—utterly and irreparably.”This article was originally published on U.Today More