Cryptocurrency

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 [email protected] 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

Kiyosaki opines that those who invested in gold 24 years ago, including himself, have done well for themselves. On the flip side, the higher gold prices may not equate to a good market outlook.Such high prices are usually attributed to investors’ pessimism. In other words, they are beginning to shift out of stocks to acquire defensive assets. Kiyosaki expects that the stock market will crash very soon. Should his forecast become reality, the author does not think it would turn out well for investors who do not own gold, silver or BTC.He believes that smart investors are the only ones who stand a chance at happiness when the stock market crash eventually comes. To avoid sitting on the supposed losing side, the author of “Rich Dad Poor Dad” advised non-investors to take their time to study and join an investment club. Then, watch for bargains and begin to plunge funds into assets like Bitcoin.This set of people will likely join the “gainers” in the next market bull run. “You will be one of the richer, smarter investors,” Kiyosaki added.Three weeks ago, he revealed a big reason for believing BTC will likely soar to $1 million per coin. He sees AI bringing changes that will likely impact the financial world. As a result, Bitcoin is bound to soar to $500,000 in 2025 and hit a mind-boggling level of $1 million by 2030.This article was originally published on U.Today More

This article was originally published on U.Today More

By Camillus EbohABUJA (Reuters) – Binance’s head of financial crime compliance was denied bail for a second time on Friday as his trial on money laundering charges started in Nigeria, with a judge ruling that the prison in which he is being held is capable of meeting his medical needs.Tigran Gambaryan, an American citizen, has been in detention in Nigeria since the end of February. He and Binance deny the charges against him. He had asked the Federal High Court in Abuja to free him on medical grounds, arguing that he needed to undergo surgery outside prison and that his health was deteriorating.”There is no evidence before this court that the Nigerian Correctional Service cannot handle the health challenges of the accused,” Judge Emeka Nwite said. Nwite also said Gambaryan had not withdrawn an appeal against a previous bail ruling in May and so his latest request “amount to abuse of judicial process to admit the accused to bail while an appeal is pending at the court of appeal.”The judge adjourned the trial to Oct. 18 after Gambaryan’s lawyer cross-examined two state witnesses.Gambaryan’s wife, Yuki Gambaryan, said her husband should not be in detention because he was never a decision maker at Binance and she would continue to fight for his freedom.”I just pray that when he is finally released that the damage he is suffering is not permanent. I am exhausted and deeply disappointed,” she said in a statement.  Binance separately faces tax evasion charges, which it denies.     More