Cryptocurrency

His tweet comes as Bitcoin has printed a rise to regain the $63,000 level over the past 24 hours. It even managed to come really close to retaking $64,000.Since Wednesday last week, BTC has demonstrated a price rise of 6.20% as it has gone up from the $60,000 level to $63,800 earlier today. By now, though, BTC has dipped to $63,520 and is changing hands at this price mark.Bitcoin has shown a 3% growth since Friday as the US jobs report that was published significantly surpassed the expectations of economists and analysts, thus making way for funds to start flowing into risk assets, which many traditional investors consider Bitcoin to be.Commenting on a tweet by hedge fund manager Kyle Bass saying that Satoshi is a “Chinese intelligence operation,” Mow tweeted that he was working in China in 2009 – the year, when BTC was launched. After that, he “managed the biggest Bitcoin exchange in China”.Mow tweeted that if one looks at the way the name Satoshi Nakamoto and the word China are spelled in hieroglyphs, the very first character in both will be the same. “It’s just can’t be coincidence,” Mow concluded.Kyle Bass suggested that China’s intelligence service deliberately created Bitcoin in order to undermine the US economic supremacy in the world reached thanks to the strength of the US dollar.These discussions have been going on social media over the past week ahead of the HBO Satoshi documentary release this Tuesday, in which the creators hinted they would disclose the real identity of the mysterious Bitcoin inventor.This article was originally published on U.Today More

The financial markets, including Bitcoin, may become more volatile as a result of these events. Why does Bitcoin care about this? The sensitivity of Bitcoin and other cryptocurrencies to macroeconomic data is growing particularly because investors are using them as a hedge against inflation and currency devaluation. The Fed’s position on interest rate inflation and the state of the economy as a whole will become clear with the release of its minutes. Higher interest rates often cause investors to gravitate toward more conservative assets, so if the minutes show a hawkish tone suggesting more rate hikes, Bitcoin may suffer. When assessing the level of inflation in the U.S., the CPI and PPI data will be essential. More aggressive tightening measures by the Federal Reserve may follow from a higher-than-expected PPI or CPI, which could indicate persistent inflation. Such acts might increase the volatility of risky assets like Bitcoin. Additionally, initial unemployment claims will provide a glimpse into the U.S. labor market. A more fragile labor market might lead the Fed to reduce its rate hikes, which would be good news for Bitcoin. Watch out for important levels and potential volatility. Bitcoin’s price is probably going to be more volatile because of impending events. Investors should pay special attention to the following key levels: at $63,000, Bitcoin is getting close to a crucial resistance level. The price could move toward the next target of $65,000 if there is a breakout above this level. Strong support at $60,000 is a critical level of support when things are trending negative. The next support level at $58,000 could be the source of panic selling if this level is broken. Expect Bitcoin to spike in response to any surprises in the Fed minutes or inflation data as Oct. 9 draws near.This article was originally published on U.Today More

By tapping into blockchain technology, Polkadot makes cross-chain connections and digital asset ownership possible, changing the way gamers engage with and benefit from their in-game achievements.Unlike traditional gaming ecosystems, where in-game items are often locked and limited to a single title, Polkadot allows for the creation and exchange of non-fungible tokens (NFTs) that players can trade across different games and decentralized marketplaces.Polkadot’s focus on interoperability means that these digital assets can move between multiple blockchain networks, which allows players to use their NFTs or tokens beyond a single game. Polkadot’s cross-chain capabilities enable communication between different blockchain systems. In play-to-earn gaming, this means that digital assets, such as NFTs earned in one game, can be used or traded in another, which creates a connected ecosystem of games where assets retain their value across platforms.For example, in games like NFL Rivals, Polkadot’s modular architecture supports the in-game economy by enabling the transfer and trade of player NFTs. This functionality not only adds to the gameplay experience but also creates a scalable economic model that could expand to include more games in the future.NFL Rivals is a clear example of how Polkadot is influencing the evolution of mobile sports gaming. By incorporating Polkadot’s blockchain technology, NFL Rivals allows players to collect and trade digital assets like player NFTs. These assets are stored on the Mythos Chain and can be bought, sold, or exchanged on secondary marketplaces.The use of Polkadot’s technology in NFL Rivals also enables players to manage teams, participate in football matches, and profit from their in-game investments, all while benefiting from the cross-chain functionality that Polkadot offers. More

On October 22-23, the Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for the crypto event to share industry insights on the eve of Bull Run 2025.Participants will hear from leading voices in the blockchain space, who will share market analysis on market trends and potential future developments.Confirmed figures include:The forum is coming soon. Readers can purchase tickets with a 10% discount using promo code chainwire. [email protected] article was originally published on Chainwire More

SUI meme token $HIPPO donates 5M Thai Baht and enters into an official charity partnership with Moo Deng’s zoo – Khao Kheow Open Zoo The SUI Moo Deng fan token Sudeng – $HIPPO has officially entered into a charitable partnership with Khao Kheow Open Zoo donating a hugely significant 5 million Thai Baht (approx US$150k) to the zoo and zoos of Thailand.$HIPPO’s team were in Thailand represented by Kullathida Othong, to creating a strong and lasting charity partnership to support Moo Deng’s zoo and the other zoos of Thailand citing the difficulties the North of Thailand’s wildlife is facing from the current floods.$HIPPO is a community-focused project and the leading meme on the SUI ecosystem with a current market cap of $160m, the team is looking to create a sustainable ecosystem and will be announcing more significant partnerships and collaborations soon.About $HIPPO$HIPPO is the leading community driven meme on SUI, a meme inspired and in support of Moo Deng. No cats, no dogs, only $HIPPO.To find out more about $HIPPO (Sudeng) please visit https://x.com/hippo_ctoContactMrMike MHippo [email protected] article was originally published on Chainwire More

Betting markets also showed investors leaning more towards a Donald Trump presidency over Kamala Harris, which presents a better regulatory outlook for crypto. Bitcoin tracked strong gains in global stock markets after stronger-than-expected U.S. nonfarm payrolls data quashed fears of a U.S. recession. But the reading also diminished expectations for deep interest rate cuts by the Federal Reserve. Bitcoin rose 2.7% to $63,558.3 by 00:41 ET (04:41 GMT).Crypto betting platform Polymarket showed traders pricing in a 50.6% chance of a Trump victory in the 2024 U.S. elections, compared to 48.4% for Harris.The shift towards Trump comes after the former President held a rally at Butler, Pennsylvania- where he was subject to an assassination attempt earlier this year. Tesla Inc (NASDAQ:TSLA) CEO Elon Musk also made an appearance at the rally, endorsing Trump.Trump has presented a pro-crypto stance in his campaigning efforts, and also accepts donations in crypto. He has also promised to enact crypto-friendly regulations if elected. Harris, on the other hand, has offered no insight into her stance on crypto, and is expected to potentially continue the Biden administration’s crackdown against the sector. Broader crypto markets rose on Monday, tracking gains in Bitcoin and as risk sentiment improved. World no.2 crypto Ether rose 3% to $2,487.07, while altcoins SOL, XRP and ADA rose between 2.3% and 5%. MATIC was flat, while DOGE rose 4.7%. Further gains in crypto were held back as the dollar rebounded on expectations of smaller interest rate cuts.Focus this week is on more cues on the U.S. economy, after stronger-than-expected nonfarm payrolls data last week saw traders wipe out bets on a 50 basis point rate cut. Traders were seen pricing in an over 90% chance for a 25 bps cut in November, and were also seen pricing in a higher terminal rate, according to CME Fedwatch.A slew of Fed officials are set to speak in the coming days, while the minutes of the Fed’s September meeting are due this week.Consumer price index inflation data is also due this week, and is likely to factor into the Fed’s outlook on rates.   More

Of particular note is the uneven distribution of these liquidations, with 78% — or $3.76 million — coming from long positions. The collapse appears to be due to bullish investors trying to capitalize on a potential price spike.Just yesterday, Bitcoin showed promising price action, briefly surpassing $62,000 per BTC, fueling optimism about a possible march to a new all-time high.However, the market quickly changed direction. Instead of an immediate breakout, the cryptocurrency encountered a series of red candlesticks. While this did not result in a significant price drop, it did result in a notable cascade of long liquidations.After finding a bottom at $60,700, BTC’s performance has left traders somewhat in limbo as they eye $53,000 and $66,000 as two main options for the near future, and as we may see, the bulls are leading the charge as they have managed to take the tug to their side by over 3% so far.Is another attempt at a new all-time high in play? Based on the recent price action, yes is the more likely answer. However, it is still a long way to go as bulls would first have to defend the weekly close above $60,700, get to $66,000 per BTC and then perhaps hold there for another week.This article was originally published on U.Today More

For those investors who are seeking to preserve capital over the long term, Bitcoin is the preferred asset due to its decentralized structure and store of value narrative. Higher liquidity, a strong infrastructure supported by institutional investors and a large network effect are all advantages of Bitcoin. This gives Bitcoin a stable market advantage over many other cryptocurrencies.However, Cardano presents itself as a blockchain platform that goes beyond Ethereum and other smart contract platforms to offer a more sustainable and scalable solution. With its peer-reviewed academic methodology and proof-of-stake consensus, Cardano seeks to provide scalability, energy efficiency and a solid foundation for projects involving decentralized apps and decentralized finance.Despite these developments in technology, ADA has come under fire for its sluggish adoption and development, which may have something to do with its pricing issues. The majority of investors are concerned about ADA’s competitiveness in the crowded market for smart contract platforms because its price has decreased dramatically over the last 12 months.Max Kaiser made an extremely bold prediction, but it is in line with the views of some investors who think Bitcoin will only become more and more dominant. Long-term success for Cardano, however, will rely on its capacity to fulfill its commitments, draw developers and cultivate an ecosystem that will be useful for the majority of investors.This article was originally published on U.Today More