Cryptocurrency

Over the past few days, the attention and mental efforts of most crypto market participants have been focused on determining who will be nominated for the role of Satoshi in the movie, while creating meme coins and betting on the outcome on the Polymarket. However, despite all the speculation and discussion, which is largely absurd and frivolous in nature, revealing who created Bitcoin may actually have a greater impact on the market. After all, according to an old story circulating among crypto market participants, Satoshi Nakamoto’s wallets may hold more than one million BTC, which is 4.76% of the total possible supply of the main cryptocurrency and is currently valued at more than $62.3 billion. No doubt this will have a resounding effect on Bitcoin itself and the entire crypto market. In many ways, however, expectations for solving the mystery of Satoshi Nakamoto are now rather low.This article was originally published on U.Today More

This article was originally published on U.Today More

According to Bitcoin historian Pete Rizzo, on this day 14 years ago, Bitcoin was traded at one cent, a price that seems almost unimaginable today. This milestone marks a significant moment in the history of digital currencies, highlighting the impressive journey Bitcoin has taken from its early days.This milestone marked one of the first times Bitcoin reached a price that began to reflect its growing value. At the time, few could have predicted the meteoric rise BTC would eventually experience, transforming from an obscure digital currency.Created by the mysterious, pseudonymous figure Satoshi Nakamoto, Bitcoin was initially traded on private forums between early adopters, miners and enthusiasts. At that time, Bitcoin was still a niche project, known only to a small group of enthusiasts and early adopters.In the years since the historic one-cent milestone, Bitcoin’s price has skyrocketed, reaching an all-time high of about $74,000 in mid-March this year.Moving forward, cryptocurrency traders are looking to Federal Reserve meetings later this week for clues on further positioning. The fed is scheduled to disclose FOMC minutes as well as crucial economic data from August that show growth.Whale or large holder behavior on the market is also being monitored. According to CryptoQuant CEO Ki Young Ju, Bitcoin whales seem to be experiencing a generational shift. New whales have invested $108 billion, while older whales have invested $113 billion since Bitcoin’s inception. “The ratio is now 48:51,” Ju stated.This article was originally published on U.Today More

“In July we migrated Mythical Market to Polkadot, and now we are migrating both the Blankos collection to Mythical Market as well as D-Market to Polkadot. This is currently in excess of 5M wallets being migrated to Polkadot,” Mythical Games’ CFO Kasper Joergensen told Investing.com.Mythical Games, the creator of popular titles like NFL Rivals, has migrated to the Polkadot ecosystem as a parachain. This approach taps Polkadot’s EVM module to ensure address compatibility with the EVM and allows developers to use the WebAssembly-based Substrate framework.Kasper added that DMarket is consistently the largest NFT collection worldwide, with daily sales in excess of $600,000 and around 25,000 transactions of gamers buying and selling in-game assets. Mythical Market mainly handles transactions related to NFL Rivals, but soon will see other collections there as well, such as Blankos, Nitro Nation and much more to come.In addition to supporting this game, Mythos is expanding its capabilities by migrating its Mythical Market and NFT collections, such as Blankos and DMarket, to Polkadot.According to John Linden, CEO of Mythical Games, the integration of Mythical Market into Polkadot is part of a strategy to enhance secondary trading of gaming assets. The platform’s decentralized approach ensures all transactions on the Mythos Chain are transparent and secure. This approach makes it a major player in the gaming blockchain space, just behind major layer 1 chains like Ethereum, Bitcoin, Solana, and Polygon.Led by gaming industry veterans, Mythical Games builds games around player-owned economies and has been involved in developing major franchises like Call of Duty, World of Warcraft, Marvel Strike Force, and Skylanders.The Mythical Platform provides both custodial and non-custodial gaming wallets for digital items. This setup protects gamers who are new to blockchain while allowing advanced players to link their own wallets through bridges between the Mythical Chain and public mainnets. More

This move was unusual for a Wall Street business at a time when the global economy was close to collapsing. Under Michael Saylor’s leadership, MicroStrategy started buying Bitcoin and remained consistent.Before its Bitcoin adoption in 2020, the company’s share price traded well below the $20 mark. However, with the firm’s resolute embrace of crypto, investors have continued liking MSTR, injecting liquidity along the way.Within the space of four years, MicroStrategy stock has outperformed the majority of its Wall Street counterparts. Shares have surged by more than 446% in the trailing 12-month period. Since August 2020, MSTR has skyrocketed by over 1,166.7%.While its Bitcoin adoption has helped it surpass this historic milestone, MicroStrategy stock is still below its March 10, 2000, all-time high (ATH) of $313.With its last purchase, the company sold 7,420 BTC for approximately $458.2 million at about $61,750 per Bitcoin. For that purchase on Sept. 20, MicroStrategy said it has achieved a BTC yield of 5.1% QTD and 17.8% YTD. The company now HODLs 252,220 BTC, acquired for approximately $9.9 billion at about $39,266 per Bitcoin. With Bitcoin’s current price coming in at $62,430.35, this total holding is worth $15.7 billion. With a $5.8 billion gross profit raked in, investors might be more confident about betting on MSTR because of its promising future outlook.This article was originally published on U.Today More

Earlier today, Lookonchain provided details about a massive purchase from a giant Bitcoin whale. The on-chain tracking service revealed that this whale withdrew 250 BTC from crypto exchange Binance a few hours ago. This BTC purchase is estimated to be worth around $15.6 million, based on the BTC price at the time.With today’s move, the giant whale now holds 10,408 BTC. The overall value of these coins is estimated to be around $696 million. However, Lookonchain revealed that the whale is currently in loss. At the current Bitcoin price, this giant whale has lost around $46 million in BTC. Despite these losses, the whale is still holding the coins and avoiding panic selling.This means that this giant whale is still bullish on Bitcoin, anticipating high gains in the future. Moreover, such a long-term holding trend by whales like this is positive for Bitcoin. It can encourage other investors to avoid panic selling, eventually creating bullish sentiment across the community. Consequently, the Bitcoin price may get a significant boost from it.This article was originally published on U.Today More

StakeLayer has announced the launch of its Cross-Chain Restaking Protocol, a solution which offers users the ability to restake their assets across multiple blockchains, including Bitcoin, Ethereum, Solana, TON, and more. StakeLayer’s native token, $STAKELAYER, is set to debut on Wednesday, October 9th at 2 PM UTC. The team announced on their X page that TGE and the listing of $STAKELAYER will mark a significant milestone for StakeLayer and the broader DeFi community.StakeLayer introduces a Multichain EigenLayer- a solution that introduces Restaking for Bitcoin, Solana, Ton and other chains users and hopes to advance user interaction onchain.Similar to the EigenLayer on Ethereum, StakeLayer utilizes a restaking mechanism cross-chain. This enables holders to earn additional rewards on their holdings by participating in Proof-of-Stake activities on various applications.Pioneering Cross-Chain Restaking Protocol, StakeLayer, Set to Launch $STAKELAYER TokenPotential Impacts of StakeLayer’s Cross-Chain ProtocolAbout StakeLayerStakeLayer presents an approach to unlocking new functionalities for Bitcoin, Solana, Ton, introducing a revolutionary EigenLayer on Bitcoin. By introducing multichain restaking, StakeLayer aims to open doors for increased capital efficiency opportunities, potential security benefits, and a wider range of applications built in crypto.Although the project is in its early stages, StakeLayer’s features are designed to contribute to the future development of the ecosystem and its integration with the evolving DeFi landscape.ContactSam VidenStakeLayercontact@stakelayer.ioThis article was originally published on Chainwire More

Oviato’s platform addresses critical pain points in the digital art space, including initial funding barriers, lack of technical knowledge, and ordinal tooling fragmentation. By providing a user-friendly, Canva-like interface for creating Ordinals, combined with a robust Launchpad, Oviato empowers creators to bring their visions to life, set traits, rarity, and metadata for the Bitcoin blockchain without the need for coding expertise. About OviatoOviato offers a comprehensive suite to simplify the creation, management, and distribution of inscriptions and Ordinal collections on the Bitcoin blockchain. Their innovative no-code Creator Studio empowers artists and creators to effortlessly design and launch recursive collections and large-scale inscriptions. With features like customizable rules, rarity calculation, and on-chain metadata, Oviato makes creating complex Ordinals accessible for creators of all skill levels. Users can get started today at http://oviato.com/ ContactTeflonOviatotef@oviato.comThis article was originally published on Chainwire More