Cryptocurrency

This historical fact provides a contrast to Bitcoin’s current market value, demonstrating its phenomenal development and adoption over the last decade and a half.On this day in 2010, Bitcoin was still in its early stages, known only to a few tech enthusiasts and early adopters. The cryptocurrency, created by the mysterious Satoshi Nakamoto, was still in the process of proving its utility and value proposition.From a mere $0.05, Bitcoin’s rise to its present price is nothing short of astonishing. Bitcoin is now traded on major exchanges worldwide, accepted by many businesses, and held by institutional investors.Bitcoin’s value has skyrocketed, reaching levels inconceivable in its early days. Bitcoin is already trading at more than $60,000 per coin, a remarkable gain that demonstrates its growth and the increasing acceptance of cryptocurrencies in mainstream finance.In the most recent development, one of the world’s largest wealth management firms, Morgan Stanley, has authorized hundreds of financial advisers to solicit eligible clients to purchase spot Bitcoin exchange-traded funds as early as next week.In a remarkable feat, U.S. Bitcoin ETFs have attracted nearly $18 billion in net inflows since their listing in January, marking a record debut for a fund category.Bitcoin is extending its sell-off from a six-week high of nearly $70,000 reached on July 29. Since this date, Bitcoin has marked five out of six days in losses and is currently trading in red, down about 11% weekly. At the time of writing, Bitcoin was down 2.14% in the last 24 hours to $60,279.CoinGlass data show that over $162 million worth of bullish crypto wagers in the market were liquidated in the past 24 hours, accounting for the majority of a total $197 million liquidations.This article was originally published on U.Today More

This major move by one of the world’s largest wealth management firms has been celebrated by many in the crypto community, including MicroStrategy’s chairman and co-founder Michael Saylor.Morgan Stanley’s decision to enable the solicited sale of Bitcoin marks a pivotal moment in the integration of digital assets into mainstream finance, with Saylor highlighting this significant milestone.In a tweet, Saylor wrote: “Morgan Stanley just became the first major bank to approve Bitcoin for solicited sale to their clients.”Under Saylor’s leadership, MicroStrategy has amassed a huge quantity of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. In July, MicroStrategy acquired an additional 169 BTC for $11.4 million and now holds 226,500 BTC.Saylor, a strong Bitcoin supporter, began buying it in 2020 as an inflation hedge and cash alternative.This move implies the firm’s approximately 15,000 financial advisors will be able to solicit eligible clients to purchase shares of two exchange-traded Bitcoin funds, reportedly BlackRock (NYSE:BLK)’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7.The move from Morgan Stanley, one of the world’s top asset management firms, is the latest sign of the adoption of Bitcoin by mainstream finance. In January, the U.S. Securities and Exchange Commission approved applications for 11 spot Bitcoin ETFs in a remarkable milestone for the crypto industry.This article was originally published on U.Today More

As such, what is happening with Bitcoin (BTC) and major altcoins looks like a regular day in trenches to the seasoned macro expert.Also, Pal mentioned impressive performance of Church of the Smoking Chicken Fish (SCF), a novel eccentric Solana-based meme coin.He added that the pessimism on this market is nothing but “noise.” Pal’s statements were echoed by BitMEX founder Arthur Hayes. As covered by U.Today previously, Hayes calls the current days “shopping time.”The BitMEX founder attributed current volatility spikes to macro processes in the U.S. and Japan.However, as covered by U.Today previously, some voices of Crypto Twitter do not share the enthusiasm of Pal and Hayes. For instance, trader Henrik Zeberg said that we might be two months short of the largest collapse since the 1929 Great Depression.He “lifted the deadline” for the major macro top to this October. Also, a number of prominent traders insist that we will not see new highs for Bitcoin (BTC) in the next four years.This article was originally published on U.Today More

On August 3rd, the “2024 GIPR2” voting event, hosted by the metaverse virtual community MEET48, which is based on an AI and WEB3.0 diverse UGC entertainment content ecosystem, officially concluded. The top participants in the Idol Group, Sprout Group, and Virtual Idol Group were announced, along with their promotion plans for multiple overseas large-scale Web3 events organized or co-hosted by MEET48. The on-chain data of the MEET48 voting event Dapp and its rankings on DappBay and DappRadar have garnered significant attention.The top participants in each group are as follows:It is reported that the top participants in each group will be invited to perform and interact at several international events organized or co-hosted by MEET48. These include the Tokyo WebX, where MEET48 is the title sponsor, the WebX official opening party co-hosted by MEET48 and Line Next, the TOKEN2049 in Singapore where MEET48 is a platinum sponsor, and the “Back to the Streets” event at Clarke Quay co-hosted by MEET48 and Hape. This overseas promotion plan will offer fans more opportunities to interact closely with their idols and further promote the MEET48 brand and philosophy.During this event, the MEET48 “2024 GIPR2” voting event Dapp registered over 3 million users, with a total of over 116 million votes cast, more than 24,000 UGC videos uploaded, and over 10 million views of UGC. These airdropped users will eventually be integrated into the MEET48 intelligent social metaverse community through the MEET48 content ecosystem matrix products.As of August 3rd, the MEET48 event Dapp ranked first in the social category on DappBay and third in the social category on DappRadar. According to DappRadar, the MEET48 event Dapp achieved 31.54 million on-chain transactions and 705.94K UAW in the past 30 days. Similarly, DappBay reported that the MEET48 event Dapp achieved 32.61 million on-chain transactions and 701.68K UAW in the past 30 days.Additionally, MEET48 announced that next year, the global Web3 metaverse voting event, “The 1st Web3.0 All-Metaverse Annual Idol Popularity Audition & Ceremony” will be held in Hong Kong. This event aims to connect Web2 and Web3 users through entertainment, marking the beginning of an era of Web3’s mass adoption by the general public. It is expected to be the largest mass adoption event in Web3 history.About MEET48MEET48 is considered one of the largest Web3 application project teams in the world, with a technical and R&D team of 500 people and a regional operation network covering Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve the social-scale application of Web3 technology through an AI UGC content ecosystem focusing on AIGC (Animation, IDOL, GAME, and Comics) Gen Z trendy entertainment content and a graphical, intelligent metaverse social foundation.Official Website: https://www.meet48.xyz/ Twitter (X): https://x.com/meet_48 Telegram: https://t.me/MEET_48 Discord: https://discord.gg/meet48ContactMarketing DirectorYang [email protected] article was originally published on Chainwire More

Bitcoin extended its sell-off, dropping to an intraday low of $60,240 after the July U.S. jobs report released on Friday fueled concerns that the world’s largest economy might be in danger of recession. Stocks also sank as the unemployment rate jumped to its highest level since October 2021.A further sell-off in Japan occurred in response to the Bank of Japan’s most minimal monetary tightening actions on Wednesday when it lifted its benchmark lending rate to 0.25% from a previous range of 0%-0.1%.At the time of writing, BTC was down 3.56% in the last 24 hours to $62,142.In a tweet, Schiff highlighted the weekly decline in Bitcoin’s value against the Japanese yen, suggesting that Japanese investors might soon abandon the cryptocurrency.Schiff wrote: “This week Bitcoin is down 13% in Japanese yen. That’s a big drop for something Japanese investors bought as a safe haven. Gold is down too, but only 2.5% in yen. That’s not bad considering that Japanese stocks fell 7.3% on the week. The Japanese will soon say sayonara Bitcoin.”In another tweet, Schiff criticizes Ethereum ETFs and predicts a drop to $2,000: “Ethereum ETFs have been trading for just two weeks and they’re already down 15%. They closed the week on new lows. Ethereum itself is now trading below $3,000. It won’t be long before it break $2000. Gold rose 2% this week. Bitcoin fell 10%. The race is over. Gold wins the medal.”Peter Schiff has long criticized cryptocurrencies, typically citing gold as a more dependable store of value. His recent comments reflect his ongoing skepticism towards cryptocurrencies; thus, Schiff’s prediction of Japanese investors abandoning Bitcoin should be read in light of his overall investment approach. This article was originally published on U.Today More

Such statements were shared by Arthur Hayes, the founder of major crypto exchange BitMEX and the CIO of Maelstrom Fund, with his 526,000 followers on X.However, he views the period of recession as yet another window of opportunities: Hayes says that the time to “go shopping” has come.Since the local bottom reached on July 11 at about 161 JPY per USD, the Japanese currency managed to add over 10% and stabilize at 140 JPY per USD.By contrast, Bitcoin (BTC), the largest cryptocurrency, after being twice rejected at $70,000 on July 29, plunged below $61,000, losing 14% in just three days.The Nikkei Stock Average 225, an index of largest Japanese companies stocks, lost 2,216.63 points, or 5.81% in just one day. The broader Topix index performed even worse with a 6.14% drop to its lowest closing marks in half a year.Economists indicated that both drops are the second-largest in the history of relevant indexes. As such, Japanese stocks have not seen such pressure since Black Monday in 1987.This article was originally published on U.Today More

While they are crashing, he still sees an opportunity for investors and entrepreneurs.Robert Kiyosaki reminded his 2.1 million followers on X that he had been predicting this crash in his multiple tweets issued over the past few years. The author of “Rich Dad Poor Dad” many times warned that a crash would be coming soon.One of the ways to behave now, he said, is to use the chance to get rich, which he believes has emerged now — to start “buying assets at bargain basement prices.” He admitted that losses that many investors and companies are facing now are “substantial.”He referred to his aforementioned book and stated that “Rich dad taught his son and me when markets are crashing is the time the rich get richer” using the recommendation from above.He explained that this was not actually a prediction but rather his “target, a dream, and a wish.” Curiously, he also revealed that he was holding and buying not only Bitcoin but also leading altcoins, in particular Ethereum and Solana.Kiyosaki has been actively tweeting about Bitcoin since at least 2020, when the pandemic landed, and he kept accusing the U.S. government of printing “fake” U.S. dollars to support the economy. This year, the financial guru has been giving another big reason for his Bitcoin surge expectations — the size of the U.S. national debt (by now) has reached a staggering $35 trillion.This article was originally published on U.Today More

Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce Margex TON (Toncoin) deposit and withdrawal.TON (Toncoin) has become a revolutionary blockchain technology that aims to bring something unique into the cryptocurrency ecosystem. TON, a native token of “The Open Network,” is designed to promote the infrastructure of digital transactions and decentralized applications. TON’s objective to focus on scalability, speed, and ease of use has tremendously improved the demand for and usability of the blockchain experience for many users, thereby positioning it as a major player and contributor to the blockchain space. Despite being relatively new to the blockchain space, TON (Toncoin) has grown significantly since 2024, helping with decentralized applications (DApps), TON has a total value of over $760 million and a market capitalization of $17.1 billion, sitting above TRON (Tron network) and AVAX (Avalanche). Key Features of TON for Margex UsersKey features of TON (Toncoin) that have driven much adoption and increased high demand for activities on its network include the following; 1 A Distributed Supercomputer – TON’s blockchain has been designed to act like a supercomputer that helps coordinate different products and services. Due to its unique design, TON has the potential to process millions of transactions per second (TPS), positioning its technology as a fast, secure, and decentralized system.2 Performance – TON has been built to handle smart contracts of different capacities and other complex transactions. This high-design system of TON also allows it to scale gaming platforms, decentralized finance systems (DeFi), and DAOs. 3 Speed and Scalability – In TON’s ecosystem, new blocks are generated every 5 seconds, making transactions and executing smart contract orders fast. To scale and meet demand, TON employs workchains and dynamic sharding to accommodate large numbers of users and transactions.Additionally, TON’s integration with Telegram enables seamless transactions, boosts usability experience, and opens the widespread adoption of Telegram-based tap-to-earn games like Notcoin (NOT), Hamster Kombat (HMSTR) airdrop, and other tap-to-earn Telegram games.The addition of TON on Margex to a list of its instant deposit and withdrawal options, such as Kaspa, will improve usability and provide more options for users to carry out transactions in the shortest time. Margex is a legit copy trading platform. To further improve the user experience, it has redesigned its platform with key features such as a zero-fee converter and a listing of high-traded pairs.Margex’s zero-fee converter enables users to swap from one token to another without additional cost, thereby encouraging portfolio diversification. Margex also plans to launch its ultra-modern wallet, which will help users manage all assets within its platform.With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry. Users can follow Margex on Facebook (NASDAQ:META), Twitter, Telegram, Discord, and YouTube, or join the Margex teamContactHead of CommunicationsAlsu IrkabaevaMargex [email protected] article was originally published on Chainwire More