Cryptocurrency

The sculpture shows the upper half of a figure with a reflective face covered by a hoodie with the Bitcoin logo. Designed to embody the notion that “we are all Satoshi,” the statue eloquently expresses the belief that innovation and progress are the collective achievements of many. Backed by the support of influential Hungarian cryptocurrency advocates such as Mr. Coin, Kripto Akademia, the Blockchain Hungary Association and Blockchain Budapest, the “Statue of Satoshi” itself is a powerful symbol of the collaborative spirit that drives technological progress.Interestingly, it is the only known monument to Satoshi Nakamoto, even though Bitcoin is already a trillion-dollar-plus asset that gave birth to a whole new financial market worth $2 trillion itself and made a lot of people crazy-rich.The next big milestone for Bitcoin regarding Nakamoto will be at the end of October, as this year marks 16 years since Satoshi Nakamoto released the Bitcoin Whitepaper, the foundational document that outlined the concept and technology behind the first cryptocurrency.This article was originally published on U.Today More

“Bitcoin ETFs are buying. The Bitcoin ETFs acquired $250 million of BTC yesterday – that’s the most in over a month,” Arkham Intelligence wrote in a recent tweet.Bitcoin ETFs, investment vehicles that allow investors to gain exposure to Bitcoin without directly holding the cryptocurrency, have been steadily increasing their holdings. This surge, as highlighted by Arkham Intelligence, saw Bitcoin ETFs scoop up $250 million worth of BTC in just one day. For perspective, this level of buying marks the highest in over a month, sparking interest and speculation about what is driving the uptick.Several factors could be fueling the recent wave of Bitcoin ETF purchases, although the exact reason remains unknown. The cryptocurrency market is bracing for the impact of the Fed’s meeting on Tuesday and Wednesday, when rates are generally expected to be cut for the first time since the beginning of a hiking cycle in March 2022. A rate cut this week might be a game-changer for risk assets like cryptocurrencies.The jump in inflows toward the end of the week could be attributed to a major shift in market expectations for a probable 50-basis-point interest rate decrease on Sept. 18, after comments by former New York Federal Reserve President Bill Dudley. Bitcoin was the primary focus, with $436 million in inflows following a 10-day outflow of $1.18 billion.The next few weeks will be crucial in determining whether this surge in ETF buying is a temporary trend or the beginning of a wider accumulation period that might drive Bitcoin prices higher.At the time of writing, BTC was up 4.82% in the last 24 hours to $60,082 and up 6% weekly.This article was originally published on U.Today More

According to a press release, the grant reflects the Foundation’s support for Deep Ink Ventures’ approach to venture development and community engagement within the Polkadot network.Deep Ink Ventures prioritizes a quick time-to-market, MVP-focused development, and scalable business models within the Polkadot ecosystem. Their approach blends traditional venture development with a decentralized, community-driven model, where the blockchain community votes on projects.The Web3 Foundation, the development agency for Polkadot, dedicates a prize pool of 10 million DOT tokens, roughly $65 million, to support the rollout of the Join-Accumulate Machine (JAM) upgrade for the Polkadot ecosystem.The initiative seeks to create a decentralized network capable of handling a wide range of computational tasks within the Polkadot ecosystem. To qualify, participants need to meet specific criteria like importing and producing blocks, meeting performance standards on Kusama and Polkadot, and passing security audits. Deep Ink Ventures Studio operates in six-month cycles, launching new ventures every four months. Each cycle begins with a community-driven process where startup ideas are proposed, voted on, and refined. Selected projects are then developed with the appointment of a Founder in Residence, who leads the venture through the initial stages of MVP development, business planning, and investor engagement.Deep Ink Ventures is also known for its expertise in Substrate development, ink! smart contracts, and the Ethereum Virtual Machine (EVM). Ventures launched through their studio benefit from access to investor networks, partnerships, and proprietary products like Genesis DAO.Next on its roadmap, Deep Ink Ventures plans to expand into a seed fund and venture builder, supporting blockchain startups by attracting diverse investors, including VCs, angel investors, and businesses.  More

This took place as the world’s flagship digital currency began showing signs of revival, recapturing the $60,000 level once again. Several hours prior to that, MicroStrategy made another big Bitcoin offer to its investors.Over the past few hours, Bitcoin has demonstrated a roughly 2.76% recovery, coming close to the $60,000 price level. Before that, on Monday, BTC faced a substantial decline of 4.55% as it collapsed from $60,358, hitting the $57,600 zone.On March 14 this year, Bitcoin reached a new all-time high of $73,750. Currently, BTC is changing hands 19.55%, below that level. This was the first time in Bitcoin’s history that it reached a new historic price peak before an expected halving and not after that important event.Several days ago, Saylor’s company announced the acquisition of another mammoth-sized Bitcoin stash of 18,300 BTC worth $1.1 billion in fiat. After this purchase, MicroStrategy holds a total of 244,800 Bitcoins valued at roughly $14,675,662,080. This amount of crypto constitutes 1.17% of the total Bitcoin supply of 21 million coins. The company now holds more Bitcoin that the majority of spot BTC exchange-traded funds launched in January.Investors will be able to convert these notes into MSTR shares at a later date and receive interest on them. Basically, MicroStrategy began functioning as a spot Bitcoin ETF before actual funds of this type appeared and began trading on the market.This article was originally published on U.Today More

To back up its strategy, MicroStrategy also launched a $700 million debt offering, set to mature in 2028. This lets lenders earn interest while benefiting from the company’s exposure to Bitcoin’s market performance.Interestingly, Fred Thiel, CEO of Marathon Digital (NASDAQ:MARA) Holdings, responded to this latest development, noting that MicroStrategy’s massive acquisition reduces the available Bitcoin for others to acquire. Marathon, which itself recently bought 5,000 more Bitcoin, now holds 26,200 BTC, worth around $1.5 billion. This places the company as the second-largest public holder of BTC, trailing closely behind MicroStrategy.As Marathon keeps building up its Bitcoin stash, it now owns about 0.12% of the total Bitcoin supply. This race between MicroStrategy and Marathon to get their hands on Bitcoin shows a larger trend in the business world, where companies are actively trying to get their share of the cryptocurrency. Over the past year, public companies have increased their Bitcoin holdings from 272,770 BTC to 333,329 BTC, showing growing interest in the digital asset. Meanwhile, ETFs and funds have also increased their Bitcoin holdings, with total reserves jumping from 771,000 BTC to over one million BTC in the same period.This article was originally published on U.Today More

Before Monday’s net inflow for BlackRock, it had 11 days of zero flows and two days of net outflows. This has been the longest spell for the world’s largest asset manager. Despite these seeming setbacks for IBIT, its dominance remains in the spot Bitcoin ETF space.From January until now, BlackRock has generated a cumulative $20.9 billion in net inflows. This sets it over $11 billion above the closest asset manager, Fidelity. Fidelity’s FBTC comes in second with $9.6 billion.Other asset managers in the spot Bitcoin ETF space on Sept. 16 registered zero flows except for Grayscale (GBTC). It saw $20.8 million in outflows. Notably, Grayscale has the highest fee of 1.5%, a factor experts attribute its constant sell-off.At the time of writing, the world’s premier digital currency, Bitcoin, traded for $59,086, up by 0.68% in the last 24 hours. BTC has witnessed significant positive market sentiment recently, but it has not been sufficient to push it past the $60,000 level.This article was originally published on U.Today More

Vector Smart Gas (VSG), the native coin of the Vector Smart Chain (VSC) blockchain, is making waves in the crypto world as it climbs to #876 on CoinMarketCap. This ranking comes on the heels of several major achievements, including recent listings on prominent exchanges such as Coinstore and AscendEX, further boosting VSG’s visibility and global reach.Exchange Listings Drive GrowthVSG’s presence on Coinstore and AscendEX has opened new pathways for investors and traders, allowing them to engage with the coin in broader markets. These listings are key milestones for the project, helping to enhance liquidity and solidify its place in the competitive crypto space.Yan Whittaker, co-founder of VSG, has ambitious plans for the future, aiming to propel the coin into the top 20 crypto projects within the next 12 months. “We’re building something that’s not just about short-term gains but reshaping decentralized finance for the long term,” he said. With its focus on scalability, security, and enterprise solutions, VSG is well on its way to achieving this goal.Major AnnouncementAdding to the momentum, VSG’s testnet is already live, offering developers and users a real-time environment to engage with the blockchain. Upcoming deployments on the testnet are expected to bring significant benefits to users, with a large development scheduled to go live this Thursday. These enhancements will further improve the platform’s performance, positioning VSG as a key player in the decentralized finance (DeFi) space.To sign up and hear the news first:t.me/vsgportalx.com/VECTORCOIN About VSGVSG is a native coin built on the Vector Smart Chain (VSC) blockchain. With a focus on scalability, security, and cost-effective solutions, VSG is designed to revolutionize decentralized finance by providing enterprises and individuals with a robust platform for secure, efficient transactions.ContactFru LedererVector Smart Chainfruzsi.lederer@gmail.comThis article was originally published on Chainwire More

Leading Crypto Liquidity Provider BlockFills Integrates NCFX’s Benchmark Data to Deliver Unmatched Quality and Service to Institutional Clients.As the financial landscape continues to evolve, institutions are increasingly seeking robust, data-driven insights to inform their trading strategies. By integrating NCFX’s market-neutral data and analytics into its offering, BlockFills is not only expanding its product suite but also reinforcing its commitment to providing the highest quality service at the exacting standards of traditional finance within crypto markets.About BlockFillsBlockFills is a global prime brokerage, technology and trading firm offering access to the digital asset markets. We provide liquidity, technology and clearing of digital assets for professional and institutional clients. Clients include principal trading groups, exchanges, hedge funds both traditional and crypto-only, banks, asset managers, OTC desks and active tradersFor more information users can visit BlockFills’ Website | Twitter | LinkedinAbout New Change FXNew Change FX is an independent company dedicated to the measurement of foreign exchange and crypto pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX doesn’t offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process. To find out more users can visit www.newchangefx.com.NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.For more information, users can contact:Kinga Broel-PlaterChief Commercial OfficerE-mail: kinga.broel-plater@newchangefx.comContactDirector of MarketingJessica DarmoniBlockFillsdata@blockfills.comThis article was originally published on Chainwire More