Cryptocurrency

Because Bitcoin can only be created through mining, all BTC in existence are those that have been mined. Bitcoin’s total supply is currently 19,760,384 BTC or 94.10% of its maximum supply of 21 million BTC, according to CoinMarketCap data, this implies about 1,239,588 BTC left to be mined.Saylor’s prediction implies an acceleration in Bitcoin mining activities over the next decade that would see nearly 5% more of Bitcoin’s maximum supply being mined.If Saylor’s prediction holds, it would mean that 99% of Bitcoin’s total supply will be in circulation much sooner than many had anticipated. Several market analysts forecast that the final Bitcoin (or the final satoshi) will be generated around the year 2140.This could lead to several potential outcomes, with 99% of Bitcoin mined, the remaining 1% will become increasingly scarce, potentially driving up the price of Bitcoin as demand outstrips supply. The economics of Bitcoin mining may change considerably, with miners having to adjust to an environment in which the rewards for mining new blocks are significantly decreased.Bitcoin is on track for one of its best September increases as a global wave of interest-rate cuts, led by the U.S. Federal Reserve, aids the largest digital asset in overcoming a seasonal jinx.Bitcoin is up more than 11.31% this month, compared to an average 5.9% loss in September over the past decade.According to cryptocurrency analyst Ali Martinez, historically, when Bitcoin ends September in the green, the final three months of the year might see even greater gains.This article was originally published on U.Today More

Event Highlights Strategies for Integrating Digital Assets into Traditional Finance PortfoliosOn September 19th, the Digital Fusion Summit convened at the W Hotel – Victory in Dallas, Texas, bringing together family offices, institutional investors, and high-net-worth individuals for an exclusive event focused on the burgeoning digital asset class. Hosted on the 33rd Floor Altitude Center, the summit provided a premier platform for education, networking, and strategic discussions at the intersection of traditional finance and digital assets.Co-hosted by industry leaders Jake Claver and Max Avery of Digital Ascension Group and Syndicately, alongside Jordan M. Hutchinson, President and Managing Partner of Black Ocean Capital & Jest Events, and supported by team members Eric Ascione and Jedidiah Wick, the summit assembled experts to delve into opportunities, challenges, and investment strategies surrounding digital assets.The event featured a series of panels and discussions addressing critical aspects of the digital asset landscape, including blockchain technology, cryptocurrency adoption, asset tokenization, and fintech innovations.”What Digital Assets Really Mean for Family Offices: Strategy, Adoption, and Investment Opportunities”—This panel, moderated by Ray Fuentes, explored how family offices can develop effective strategies and assess value propositions in the digital asset space. Panelists included thought leaders such as Jake Claver, Matthew Snider, Erin Friez, and Rustin Diehl, who shared insights on successful investment cases and adoption strategies within blockchain and cryptocurrency markets.”Professional Service Providers for Digital Assets: Ensuring Security and Compliance”—Moderated by Rachel Wolfson, this discussion focused on the evolution of custody solutions, best practices for digital asset security, and navigating regulatory considerations in the cryptocurrency sphere. Panelists Eric Ervin, Joe Medioli, and John Wingate offered valuable perspectives on the role of institutional custody in driving widespread adoption of digital assets.”Fintech Companies Providing Liquidity to Private Investments: Opportunities and Challenges”—This panel, led by Ray Fuentes, delved into the potential of tokenizing real assets, legal considerations in asset tokenization, and successful case studies. Industry specialists Lee Mosbacker IV, Connor McLaughlin, Jake Claver, and John Wingate shared their expertise on navigating early-stage investments in digital assets and the tokenization process, highlighting how fintech innovations are reshaping liquidity in private markets.”Legal Innovations in Blockchain”—Rachel Wolfson moderated this discussion with legal experts Rick Tapia, Rustin Diehl, and Erin Friez to explore the evolving legal frameworks shaping the blockchain and cryptocurrency sectors. The panel examined intellectual property rights, compliance issues, and the impact of regulatory changes on the deployment of blockchain technology and digital assets.The summit also featured keynote speeches from Joe Medioli of Anchorage Digital and Lee Mosbacker IV of Cyrannus, providing deeper insights into institutional digital asset services and the importance of liquidity in private markets. Their presentations underscored the critical role of secure, compliant, and efficient digital asset solutions in the financial industry’s future.Sponsors Cyrannus, Anchorage Digital, and Securitize for Advisors played a pivotal role in making the summit possible, demonstrating their commitment to advancing the digital asset ecosystem and supporting the integration of blockchain technology into mainstream finance.The Digital Fusion Summit successfully bridged the gap between traditional finance and the digital asset landscape, offering attendees a comprehensive view of the opportunities and challenges in this rapidly evolving sector. As digital assets, blockchain, and cryptocurrency continue to gain traction among institutional investors and family offices, events like this are crucial for fostering education, collaboration, and growth within the industry.The success of this inaugural Digital Fusion Summit sets the stage for future events aimed at uniting traditional finance with the burgeoning world of digital assets. For those interested in attending upcoming events or learning more about opportunities in the digital asset space, the team at Digital Ascension Group welcomes inquiries. To stay informed about future events and explore how your family office or institution can navigate the world of digital assets, please visit www.digitalfamilyoffice.io. The team at Digital Ascension Group looks forward to fostering more insightful discussions and valuable networking opportunities in the digital asset sector.ContactsBusiness DevelopmentMax AveryDigital Ascension Groupmax@digitalfamilyoffice.ioDirectorJake ClaverDigital Ascension Groupjake@digitalfamilyoffice.ioThis article was originally published on Chainwire More

Arkham’s findings suggest that Tesla’s Bitcoin holdings have exceeded the previously reported figure. Arkham reported that Tesla held $780 million worth of BTC in March. The data also shows SpaceX possesses a sizable Bitcoin treasure chest valued at approximately $560 million.Tesla’s foray into Bitcoin began in February 2021 when the firm bought $1.5 billion. The firm said the Bitcoin purchase was to help further diversify and maximize returns on its cash. Tesla also said it will start accepting payments in Bitcoin in exchange for its products, subject to applicable laws.Elon Musk also revealed SpaceX’s Bitcoin holdings in 2021 at “The B Word” online conference. “I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,” Musk stated.At press time, the BTC price was $65,765, up 0.36% in the past day and 4.4% in the past week. However, the 24-hour trading volume registered a tempered outlook, experiencing a 33% decline.Nevertheless, Bitcoin is now on course to secure its best September despite expectations of a bad month.This article was originally published on U.Today More

This time, Pippen again claimed that he received an insight from the mysterious Bitcoin creator.Pippen spilled the beans about the reason for this, allegedly given to him by Satoshi: “CZ is free.” After that, Satoshi told him to go and show up to basketball practice.Among the comments to his tweets were those who wondered if it was the former NBA player himself who made that post: “This isn’t scottie posting. it’s a social media crypto team being opportunistic.”As reported by U.Today, at the start of September, Scottie Pippen for the first time tweeted that Satoshi visited him in his dream and gave him the message that Bitcoin was to surge to $84,650 on Nov. 5.He had got off lightly by spending in the cell only four months on charges of violating the U.S. securities laws and helping Binance high profile clients to launder money. Unlike CZ, the founder of the FTX exchange Sam Bankman-Fried has been sentenced to 25 years and the founder of the Silk Road darkweb marketplace Ross Ulbricht was given a double-life sentence.Many in the crypto community are positive that the release of CZ from jail is likely to spark a bull run for Bitcoin and the whole crypto market. Founder of the CryptoQuant on-chain data company Ki Young Yu yesterday tweeted that CZ just needs to tweet “I’m back” and “the market will skyrocket.”Besides, October is about to start, which is historically a bullish month and has received the name “Uptober” in the trading community.This article was originally published on U.Today More

According to this report, SHIB greatly outpaced not only DOGE and ADA, but such giants as Bitcoin and Ethereum in terms of weekly gains.The reported is called “1 Week Returns for Top 10 Crypto Assets.” According to it, in terms of weekly profits, SHIB has surpassed Cardano, Dogecoin, Solana, Ethereum, Binance Coin, Bitcoin as well as Toncoin, Tron and XRP.SHIB’s gains totaled 32.1% compared to those of the other large-cap coins on the list. ADA and DOGE come closest to SHIB with 14.5% and 12.4% weekly gains. ETH showed profits of 6.7%, while BTC demonstrated 3.4% gains.The SHIB community responded with comments full of excitement and pride over their favorite meme cryptocurrency.Since Thursday, the second largest canine-themed cryptocurrency Shiba Inu has skyrocketed by a whopping 42.51%, burning one zero from its price and surging from $0.00001501 to the $0.00002139 level earlier today.However, after that it was pushed down by almost 9%, and currently SHIB is trading at $0.00001951.In a tweet, Shiba Inu’s Lucie commented on this TVL historic peak, saying that SHIB is much more than “just your trend of the week.” She stated that this price surge took place because “behind Shib is a massive ecosystem in development, with consistent support from dedicated developers.”This price surge also coincided with a massive burn rate increase that happened on Thursday, when this metric soared by 33,818% with 1,884,288,401 SHIB scorched in total.This article was originally published on U.Today More

Over the past few days, digital gold has demonstrated an increase of more than 5%, reclaiming the $66,000 price mark.As of September this year, BTC shows annual gains of 51%. The second largest after it comes the Magnificent 7 stocks index (which includes such monsters as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA)) with 27%, followed by S&P 500 (14% rise), real estate (10% increase) and gold (7%). As for the market of bonds, it has entered the red zone, plunging by 4%.Highlighting Bitcoin’s success, Saylor tweeted, “Bitcoin is winning.”On Friday, Saylor reacted to Bitcoin recapturing $66,000 by publishing a tweet saying “Bitcoin is Storm-Proof.” He also responded to a tweet by a renowned investor Raoul Pal after Pal stated that his core crypto bets include SOL and DOGE. Saylor stated that “Bitcoin misses” Pal, to which the investor replied that while he still believes in Bitcoin 1,000%, he looks for assets that can bring large profits quickly, even if high risks are involved.Since Wednesday last week, Bitcoin has added more than 10%, soaring from $59,410 after the Fed Reserve announced a 50 basis point interest rate cut first time in the last four years. This was the initial driver of the Bitcoin price, followed by a similar announcement by the Central Bank of China and BlackRock (NYSE:BLK) purchasing a mammoth amount of Bitcoin this week. In the past four days, its spot Bitcoin ETF IBIT has seen consecutive inflows of $388.19 million in total.This article was originally published on U.Today More

Former CEO Zhao was sentenced to four months in prison earlier this year, after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange.Reuters could not immediately reach the Bureau of Prisons for comment.Prosecutors had said that Binance adopted a model that welcomed criminals and failed to report more than 100,000 suspicious transactions with designated terrorist groups including Hamas, al-Qaeda and Islamic State.They also said Zhao’s exchange supported the sale of child sexual abuse materials and received a large portion of ransomware proceeds.Binance agreed to a $4.32 billion penalty, and Zhao paid a $50 million criminal fine plus $50 million to the U.S. Commodity Futures Trading Commission. More

The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said. Jurors in federal court in Manhattan earlier this year convicted a crypto trader of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform. More