Cryptocurrency

As you might expect, such an ambitious approach to one of the best-kept secrets of our century caused a stir in the market, and everyone’s head was turned toward Oct. 8 as the release date. Of course, amid all the anticipation, rumors and speculation about who Satoshi really is have begun to spread, and old theories have resurfaced. Back, who is active on social media, addressed the resurfaced speculations with just two words “not me,” strongly denying any shadow of being Satoshi Nakamoto. At the same time, the British cryptographer is known to be taking part in the upcoming series.Among other highly discussed options of the identity of the Bitcoin creator was James A. Donald, an anonymous Canadian cypherpunk, who was one of the first critics of Bitcoin, and Len Sassaman, American technology specialist and cryptographer.This article was originally published on U.Today More

Prediction market Polymarket is now accepting bets on who the documentary will name as the true Satoshi. Numerous well-known candidates are leading the predictions, which is surprising given the platform’s output. Len Sassaman is leading the charge with a 45% chance of becoming Satoshi, according to Polymarket betting results as of Oct. 8, 2024.Sassaman, a cryptographer and privacy advocate, has long been seen as a potential candidate because of his familiarity with cypherpunk communities and his depth of knowledge in the field. Despite his tragic death in 2011, many think Sassaman is a strong candidate because of his extensive experience in cryptography. Second place with a 15% chance goes to Hal Finney, a pioneer in cryptography and one of the first users of Bitcoin. Finney is renowned for having received the very first Bitcoin transaction from Nakamoto, and speculation about his role in the early stages of the cryptocurrency has increased. Some speculate that Finney may have known the true identity of or been operating under the alias Satoshi. Other well-known individuals with considerably lower odds are Nick Szabo and Adam Back at 2% and 7%, respectively. The origin of Bitcoin is commonly attributed to Szabo, a computer scientist well known for his work on digital contracts. The betting markets are dubious about his claim to be Nakamoto despite these ties. Though there is less of a likelihood that Adam Back, the creator of Hashcash, is Satoshi, he has also been suggested as such. Notably, Craig Wright, who has openly asserted his identity as Nakamoto, is only 1% likely to win. His controversial claim has been largely rejected by the Bitcoin community due to a lack of convincing evidence. Last but not least, 38% of wagerers think the documentary will either name more than one person or not reveal who Satoshi is. The world of cryptocurrencies continues to watch and speculate as the HBO documentary’s release date draws near with no clear answers.This article was originally published on U.Today More

The presentation described the features of Bitcoin in comparison to conventional financial assets like U.S. gold and Treasuries. The presentation’s main conclusions indicate that in contrast to the U.S. markets’ variable supply, BlackRock views Bitcoin’s supply as fixed. S. Treasury bonds and the gold supply are somewhat fixed. But in contrast to the relatively low volatility of U.S. stocks, volatility for Bitcoin is still high. The short track record of Bitcoin, in contrast to the medium and long histories of gold and Treasuries, is another significant distinction. However, Bitcoin differs from U.S. currency in that it is a decentralized asset akin to gold’s money reserves. The presentation’s second section concentrated on Bitcoin’s volatility and relationships with other assets, especially gold and stocks. Since Bitcoin and the stock market have little historical correlation, Bitcoin is a desirable portfolio diversifier. Even though it is highly volatile, its volatility has declined over time, which has added to its increasing market maturity. The last section focused on the potential effects that even modest Bitcoin holdings could have on a conventional portfolio. Proposed were scenarios in which Bitcoin was allocated 1% to 5% of the portfolio. The results indicated that despite higher volatility, portfolios with Bitcoin experienced better returns and risk-adjusted metrics. Better returns are achieved with higher Bitcoin allocations, but risk metrics such as drawdowns are sharper. The wider market may continue to develop, bridging the divide between cryptocurrency and more established financial systems, as institutional players like BlackRock begin to include Bitcoin in their portfolios and see it as a viable alternative to traditional assets.This article was originally published on U.Today More

Moongate Protocol, an attention asset protocol disrupting the $1 trillion-plus attention economy, announces significant milestones in its expansion, the launch of its Moon Odyssey community points program, and the upcoming release of its first NFT collection, the Moongate Voyager Pass.Building on this momentum, Moongate recently took the on-chain questing phenomenon offline with its newly developed MoonQuest platform, which it unveiled through a partnership with TOKEN2049 Singapore, the world’s largest cryptocurrency conference. By designing interactive quests throughout the TOKEN2049 venue and utilizing smart tokens to reward attendees for their participation, Moongate delivered immersive and engaging experiences while introducing many Web2 users to Web3. The activation drew in over 1,500 participants who completed more than 6,000 quests over two days, demonstrating the effectiveness of smart tokens in large-scale events.Users can learn more about Moongate’s funding success here.Expected Token Generation Event and Earning OpportunitiesAmidst its rapid growth, there are talks of an upcoming Token Generation Event slated in the coming months. While official details are yet to be announced, speculation suggests that the event could offer new avenues for users to engage with Moongate’s ecosystem.In anticipation, Moongate has launched Moon Odyssey, a community points program where participants can earn points by completing social tasks and checking into the platform daily. These points will contribute to future rewards, potentially tied to the upcoming TGE. Adding to this excitement, Moongate is also introducing its first NFT collection—the Moongate Voyager Pass. The limited collection of 6,969 NFTs will offer various benefits, with a primary feature being a guaranteed airdrop. The Moongate Voyager Pass is set to launch on October 21 this year on the OKX NFT Launchpad. Official news regarding the launch is available on its website: https://app.moongate.id/quest.About MoongateMoongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.To learn more users can visit Moongate’s Official Website | Twitter | LinkedInContactCEOJonathan [email protected] article was originally published on Chainwire More

Bought 11 years ago for just $91,940, this amount of cryptocurrency is now worth an incredible $6.12 million. This is a great example of how well this long-term Bitcoin (BTC) investor has done, with a massive 6,656% return. If you look at the whole period since the start of 2014, you get 665.6% per year, which is a fantastic return. It is not yet clear why the wallet, which had been inactive for so long, has suddenly started moving again. Maybe someone remembered their seed phrase. Or maybe it is because the unknown early investor was willing to transfer funds to the new standard wallet, which is better for smaller transactions, compatible with SegWit and more future-proof. It is also worth noting that the unknown investor decided to cash out their Bitcoin holdings after the news broke about a new series from HBO about the mystery behind Satoshi Nakamoto, the enigmatic creator of cryptocurrency. The show is set to air on Oct. 8, in which the authors claim the true identity of Nakamoto will be revealed. If that will be the case remains to be seen, but the collision of events is remarkable.This article was originally published on U.Today More

Submitted to the Polkadot community on October 2 by Hash Forest LLC, the center seeks to provide AI developers access to top-tier technology, including 16 Nvidia (NASDAQ:NVDA) H100 GPUs, each valued at around $500,000. These powerful GPUs, which are crucial for advanced AI processing, are typically out of reach for smaller developers.The proposal outlines a tiered pricing model, granting Polkadot community members free access, subsidized rates for researchers and startups, and market rates for larger corporations.The initiative is touted as a way to “democratize access” to high-powered computing and decentralize AI development. By offering open access to AI algorithms, data, and computing power—similar to open-source software—the project is said to shift control away from tech giants and proprietary systems.Polkadot’s scalable infrastructure and shared security model provide a foundation for this vision, with collective participation boosting network security as a critical component for protecting sensitive AI data. Meanwhile, Polkadot’s proposed Super AI Center is generating buzz across social media, particularly on X, where opinions range from excitement to skepticism about its long-term viability and decentralization goals. The proposal to decentralize AI development using Polkadot’s blockchain has sparked conversations about how realistic decentralized AI is and what it could mean for the broader blockchain space.One user, @dominic_bucher, raised a critical question: “How is it gonna be decentralized AI if it’s unable to run on-chain?” This comment touches on a central challenge of the project—while the Super AI Center promises democratized access to high-powered AI computing, questions remain about its true decentralization if parts of the infrastructure still rely on off-chain components.Others, such as @CryptoCappex, see the project as an opportunity for Polkadot to play a leading role in the ongoing AI revolution: “This seems like a great opportunity to do something incredibly forward-thinking considering the AI revolution is not going to stop.”However, not all reactions were optimistic. @Lucas203209 was concerned about Polkadot’s treasury spending and its impact on token holders, stating: “No thanks, don’t need more dumping on holders who are already rekt from the treasury spendings with no results or any positive outcome to the price.”  More

Schiff gives HODLers a direct message: Bitcoin’s ongoing difficulties may indicate that investors are failing to acknowledge the realities of the market. Schiff contends that although Bitcoin is presently holding above the crucial $60,000 support level, this is only a temporary state of affairs. Schiff claims that the weakness of Bitcoin in comparison to gold is becoming more obvious as long as global macroeconomic conditions continue to place a significant burden on risk assets like Bitcoin. However, information gathered by Glassnode offers a more complex picture of the recent behavior of the Bitcoin market. About 4-5% of all net capital inflows into Bitcoin since the beginning of January can be linked to U.S. spot ETFs. Given that the cost basis of these ETFs varies from $54,900 to $59,100, many institutional investors who made their initial investment in these funds are now getting close to the break-even psychological point. There is a chance that investors looking to cut losses will start to sell Bitcoin if it falls below these levels. This paints a rather fragile picture for Bitcoin. Schiff is advising investors to reevaluate their bullish position even though the $60,000 support level has so far held firm. The larger trend is still unclear. The pivotal points to keep an eye on are $59,000 below and $64,000 above. Bitcoin may enter even more bearish territory if it breaks below $59,000, but a rise above $64,000 might rekindle optimism for a wider rebound. As the saying goes, time is the best tool to determine who needs you the most, and only time will tell if anyone truly needs Bitcoin. This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report deciphering movements in the derivatives market and painted a positive picture of underlying sentiment. The latest data revealed that short-term options have only recently mirrored long-term volatility smiles which have consistently favored out-of-the-money (OTM) calls. Spirit remains high in the derivatives market. This is against the backdrop of the volatility premium created by the upcoming U.S. presidential election for options expiring after Nov.5, 2024, and the recent decline in spot prices in September. Key Highlights:Download the Full ReportFor a comprehensive analysis and in-depth findings, download the full report here.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More