Cryptocurrency

Kennedy Jr. has been quite vocal about his commitment to Bitcoin, stating in the past that he has invested the majority of his wealth into the cryptocurrency. “I’m a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I’m fully committed,” he has previously stated.In addition to his personal investment, RFK Jr. has also spoken about the broader implications of Bitcoin. He has labeled it as the “currency of freedom”, suggesting it serves as a hedge against inflation for middle-class Americans. He also views Bitcoin as a remedy against the dollar’s downgrade from the world’s reserve currency and as an escape from a burdensome national debt.The disclosure of RFK Jr.’s Bitcoin holdings through Fidelity Crypto reflects his commitment to the cryptocurrency and his belief in its potential to address economic challenges.Original Article More

Kennedy Jr. has been quite vocal about his commitment to Bitcoin, stating in the past that he has invested the majority of his wealth into the cryptocurrency. “I’m a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I’m fully committed,” he has previously stated.In addition to his personal investment, RFK Jr. has also spoken about the broader implications of Bitcoin. He has labeled it as the “currency of freedom”, suggesting it serves as a hedge against inflation for middle-class Americans. He also views Bitcoin as a remedy against the dollar’s downgrade from the world’s reserve currency and as an escape from a burdensome national debt.The disclosure of RFK Jr.’s Bitcoin holdings through Fidelity Crypto reflects his commitment to the cryptocurrency and his belief in its potential to address economic challenges.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

According to Saylor, the company recorded a 1.36% BTC yield on its 45,000 BTC base, indicating that the 6,120 BTC qualifies as profit. Benchmarking the asset at an approximate market price of 105,000 per BTC, Saylor emphasized that it translates to $642.6 million.This amount represents the gains from MicroStrategy treasury operations alone. As noted by Saylor, this notable performance reinforces the company’s commitment to “maximizing shareholder returns.”The MicroStrategy executive chairman clarified with his post that the company remains focused on utilizing Bitcoin as a core pillar of its strategy. That is, Bitcoin remains key in delivering long-term value to its shareholders.Last week’s performance dwarfs that from two weeks ago, when the gains accruing to MSTR shareholders came from 1,440 BTC. That week, the cumulative value stood at just about $138 million. It is worth mentioning that BTC traded at approximately $96,000 then.Financial experts highlight that this price movement of BTC shows the coin could shock market participants with new peaks in the first quarter of 2025.Meanwhile, Saylor recently restated his unshaken belief in Bitcoin’s potential and value in cryptocurrency. The Bitcoin enthusiast maintains that no other cryptocurrency could compare or rival BTC.This article was originally published on U.Today More

On Jan. 21, 2009, Hal Finney, a computer scientist and one of the first people to run Bitcoin software, tweeted about his work on Bitcoin. This tweet has resurfaced, attracting the interest of the cryptocurrency community. At that time, Bitcoin was a nascent project, and its value was essentially zero.Finney had tweeted, “Looking at ways to add more anonymity to bitcoin.” The unearthing of this 16-year-old tweet provides a glimpse into Bitcoin’s early days. It also reminds the crypto community of the vision and dedication that have catapulted Bitcoin from obscurity to becoming a trillion-dollar asset.On Jan. 12, 2009, Finney received the first Bitcoin transaction from Bitcoin’s pseudonymous creator, Satoshi Nakamoto. His early contributions to Bitcoin’s development have left an indelible mark on the cryptocurrency’s history.Despite battling ALS, Finney continued to support and work on Bitcoin until his passing in 2014.At the time of writing, Bitcoin was up 0.68% in the last 24 hours to $104,436, with a current market capitalization of $2.07 trillion.According to Glassnode, Bitcoin’s Binary Coin Days Destroyed (CCD) indicator suggests a decrease in activity by long-term holders. In practical terms, this suggests that sell-side pressure has subsided, and the market may require new catalysts to unlock supply.In addition, long-term holders (LTH) are showing signs of returning to accumulation. Following a sharp sell-off at $100,000, Glassnode reported that the LTH supply is presently going upward. A similar trend was observed following the intra-cycle local peak in March of last year. This article was originally published on U.Today More

The initiative, named “AI Manifesto,” is a project within the ecosystem of 0G, which recently secured an additional $30 million in funding through node sales. AI Mafia’s approach is to offer an alternative to organizations like OpenAI, advocating for open and verifiable AI usage to prevent potential abuses in critical societal sectors such as medicine, military, and governance.AI Mafia’s agent is touted as the first verifiable activist AI, incorporating insights from various thought leaders across technology, cryptocurrency, AI, and political realms, including Peter Thiel, Elon Musk, and Andrew Yang, among others.The agent is designed to report on important news, educate the public on regulatory issues, contribute ideas to the crypto and AI sectors, and encourage the formation of coalitions and social movements.The societal implications of such activist AI agents are significant. Drawing parallels with the influence of bots in past political events, AI Mafia anticipates that autonomous systems will have a concentrated impact on shaping narratives and activating political engagement at scale.The team behind AI Mafia envisions a network of SuperPac-style agents representing various interests, emphasizing the need for these systems to be verifiable and tamper-proof.AI Mafia’s manifesto outlines their commitment to an open-source revolution, the deployment of activist agents, and political mobilization through AI-powered networks.  More

Fink said he is a “big believer in the utilization” of Bitcoin as an instrument, explaining that those worried about the debasement of their currencies or the economic or political stability of their countries can have an “internationally based instrument called Bitcoin.”It will “overcome those local fears,” he added. He continued that when speaking with a sovereign wealth fund earlier in the week, the conversation centered on whether they should have a 2% or 5% allocation to Bitcoin.“If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin,” declared Fink. However, he clarified: “I am not promoting it by the way. That is not my promotion.”In December last year it was reported that BlackRock said in a report it recommends investors consider an allocation of as much as 2% of their portfolio in Bitcoin.“Bitcoin’s role as a store of value and payments system make it a potential diversifier,” said Samara Cohen, Chief Investment Officer (CIO) of ETFs and Index Investments at BlackRock.Given its unique value drivers, we see no intrinsic reason why bitcoin should be correlated with major risk assets over the long term,” the BlackRock report stated. More

The CryptoQuant CEO warned that Bitcoin might experience a pullback or move sideways for months. This signals that the current bullish momentum could slow down, leading to a period of consolidation or a minor pullback.Despite the warning, Ju expressed uncertainty about the end of the current bull cycle. According to CryptoQuant, other on-chain indicators remain bullish, indicating that the long-term outlook for Bitcoin remains positive. This mixed signal highlights the speculative nature of predicting market movements and the importance of considering multiple factors.In line with this, Ju urges caution for those trading with leverage. Leveraged trading can boost profits but also increase the risk of significant losses. In volatile markets, leveraged positions could be vulnerable to liquidations.A liquidation occurs when an exchange forcefully closes a trader’s leveraged position because the trader was unable to meet the margin requirements. Large-scale liquidations may imply market extremes, such as panic selling or purchasing.The launch of a Securities and Exchange Commission task force on U.S. digital-asset regulations helped to lift the markets at the start of the week. The task force will create a “comprehensive and clear” regulatory framework and will be chaired by Hester Peirce, the SEC commissioner known as “Crypto Mom” for her opposition to SEC enforcement proceedings against cryptocurrency businesses.Bitcoin traded at about $105,076, up 1.29% in the last 24 hours and slightly below the record high of $109,358 set on Monday. The rest of the crypto market was mixed in early Monday’s trading session.On the macroeconomic front, investors are awaiting economic data on Wednesday, which might provide clues as to the outlook of the economy.This article was originally published on U.Today More

The reasons behind the decision are called into question by the wallet’s reactivation. Whether the money will be sold, transferred or just moved for security reasons is unclear, but thus far, the market impact seems to be small. Since Bitcoin currently has strong liquidity levels and a market valuation of over $500 billion, even large amounts like $678 million are unlikely to materially alter the overall price trajectory. Regarding price performance, Bitcoin is still trading close to the $105,000 threshold. Bitcoin has been steadily increasing over the last few months, but now it is encountering psychological resistance. Despite this, the long-term trend is still positive due to growing institutional interest adoption and agreement that Bitcoin is a good inflation hedge. In the event that such a wallet is activated, sentiment may be affected. A portion of these funds may be liquidated by the holder, which could result in short-term volatility. However, any price correction would probably be short-lived and contained given the depth of the Bitcoin market right now. The history of Bitcoin and its allure as a long-term store of value may also be rekindled by this movement. These kinds of incidents underscore Bitcoin’s distinct place in the financial industry as it develops further.Key levels are important for investors to watch: $100,000 is a crucial support zone, and $110,000 is probably where the next significant resistance will appear. The market’s capacity to withstand such fluctuations without suffering major setbacks demonstrates Bitcoin’s maturity and tenacity, boosting faith in its long-term outlook.This article was originally published on U.Today More