Cryptocurrency

The world’s biggest cryptocurrency had come within spitting distance of a record high last week, before sharply pulling back as traders grew more uncertain over the upcoming election. Losses in broader risk-driven markets, especially stocks, also showed that sentiment remained weak, with a Federal Reserve meeting later this week also coming into focus.Bitcoin fell 1.2% to $68,345.5 by 00:27 ET (05:27 GMT). Initial gains in Bitcoin were driven by increased speculation that Donald Trump would beat Kamala Harris in the upcoming elections.But recent polls and prediction markets showed Trump’s lead had largely evaporated heading into the elections, with voting set to begin later on Tuesday.Trump had promised crypto-friendly policies, with increased bets on a Trump victory driving sharp gains across crypto markets last week. Harris has also pledged to a crypto regulatory framework, although both candidates have given few actual details on their plans for crypto.Online prediction market Polymarket showed Trump’s odds at 59.1%, while Harris’ odds were at 40.9%. An Investing.com poll showed 78% of users expect a Trump victory. Broader crypto prices traded in a flat-to-low range on Tuesday, although most altcoins were nursing recent losses in tandem with Bitcoin.World no.2 crypto Ether fell 1.8% to $2,428.50.XRP and ADA rose slightly, while SOL and MATIC drifted lower. Among meme tokens, DOGE outperformed, surging 9.1%. Focus this week was also on a Federal Reserve meeting on Thursday, where the central bank is widely expected to cut interest rates by 25 basis points. Focus will also be squarely on signals from Fed Chair Jerome Powell on the Fed’s plans to cut rates further, especially as recent data showed U.S. inflation remained sticky.But nonfarm payrolls data from Friday showed a sharp cooling in the labor market, a trend that could elicit more rate cuts from the Fed.  More

EarnBet.io, a leading online crypto betting platform, proudly announces that it has surpassed the $2 billion mark in player winnings and rewards. This achievement underscores the platform’s rapid growth and unwavering commitment to delivering a unique gaming experience.EarnBet is a dedicated and innovative gambling platform that’s been providing a seamless, player-friendly gaming experience since 2017. The site has uniquely distinguished itself as one of the best betting platforms, known for wildly-entertaining original games, a commitment to transparency, and best-in-class player rewards programs. Last year, EarnBet processed over $20 million in money rains, rakeback, leaderboard rewards, and buy backs to its EBET token for users all over the world. Recently, the platform has launched more fan-favorite in-house games to go along with their cutting-edge digital currency wallet system, helping players consistently streamline their deposits and withdrawals with minimal downtime and maximum satisfaction.This revamped site is exceptionally user-centric, featuring hassle-free sign-ups, instant withdrawals and deposits, and a generous player rewards system. The rakeback program takes advantage of EarnBet’s new Profile Leveling Progression (PLP) system, making instant cash-back rewards available to each player regardless of level. The more users play, the more Experience Points (XP (NASDAQ:XP)) they receive, and the higher the rakeback percentage. If players want to increase their rewards even faster, they can stake EarnBet’s EBET token to turbocharge their rakeback level.On top of these rewards, EarnBet also offers a unique VIP Members Club, offering additional rewards and perks for larger players, including direct access to the team. The launch of their revamped website marks a major milestone in their journey to become a dominant force in the crypto casino space, with more exciting releases planned for 2025. To experience the next level of crypto betting users can visit www.EarnBet.io and join the community today.ContactEarnBet Teamsimon@earnbet.ioThis article was originally published on Chainwire More

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In a recent tweet, BitMEX Research highlights that MicroStrategy’s stock has held steady, maintaining a closing price above $186.23 for 18 out of the last 28 trading days. If this trend continues for the next two days, MSTR will have closed above this critical threshold for 20 trading days within 30 days.Since the collapse of the crypto markets two years ago, MicroStrategy has outperformed almost every major U.S. stock, including AI bellwether Nvidia Corp . (NASDAQ:NVDA)In the past week, MicroStrategy neared a more than two-decade high of $258.24 as Bitcoin surged toward its all-time high of nearly $74,000 set in March. The shares have risen by more than 300% this year, beating Bitcoin’s roughly 70% advance, thanks to Executive Chairman Michael Saylor’s leveraged investment strategy.In a recent blog post, BitMEX research examined MicroStrategy’s outstanding bonds, taking a look at their structure and convertibility options. Thus, the anticipation surrounding MSTR’s potential milestone.As explained by BitMEX, on or after a specific date, MicroStrategy has the right, but not the obligation, to redeem the bonds and pay the holders cash. This right can only be exercised if the stock trades more than 30% above the conversion price, for any 20 days (consecutive or not) in any rolling 30-day trading window.With zero coupon bonds, the MSTR cash option date of February 2024 has already passed. The conversion price is $143.25, and a 30% premium to this is $186.23. This option is close to coming into play as MSTR is set to close above $186.23 for 20 days within a 30-day window. Exercising this option would create value for MSTR shareholders, but bondholders may be able to prevent this by exercising their conversion rights.This article was originally published on U.Today More

Davinci published a tweet that may be interpreted in various ways: “Truth is indestructible. #Bitcoin” and may refer to specific things, such as the strictly limited 21 million Bitcoin supply, or to things that are vague and abstract that Bitcoiners love to tweet about regarding BTC as an idea or an innovative concept.This tweet triggered bullish comments from Davinci’s followers, who support the world’s flagship digital currency, Bitcoin.Over the past 24 hours, BTC has been trading in the $69,000 range, and just in the past hour, it plunged to the $68,300 zone, losing 1.33% in the past day overall. Looking at a longer time frame, it has shed 7.26% since Tuesday, Oct. 29, after it had come really close to the $74,000 price high.Another on-chain data source, Lookonchain, also reported several massive Bitcoin purchases made on the Binance exchange since Nov. 1. Five different wallets purchased 2,780 Bitcoins in total in the following chunks: 880 BTC, 615 BTC, 595 BTC, 550 BTC and 140 BTC.All these five purchases but one were made below the $70,000 level. The massive Bitcoin plunge witnessed at the moment can be attributed to the high level of uncertainty present on the market as U.S. Election Day approaches. Many weak hands are selling Bitcoin, but those holders who are called “diamond hands” in the crypto community are purchasing BTC at a discount from them.Multiple experts have predicted a staggering Bitcoin rise next year. Among them was Robert Kiyosaki, known as the author of “Rich Dad Poor Dad” on personal finance management. In a recent tweet, he stated that he loves “the Bitcoin Standard.”This article was originally published on U.Today More

WebZero has announced the full agenda for its conference sub0 reset, inviting developers, investors and innovators to join Polkadot founder Dr Gavin Wood, along with industry leaders from Parity and the Web3 Foundation, to work on building JAM, a new paradigm paving the way forward for writing and securing Web3 applications.The three day event from 9-11 November in Bangkok is dedicated to the most exciting innovation of the Polkadot ecosystem: advancing Gavin Wood’s visionary JAM chain project into the implementation stage and showcasing the most innovative projects built on Substrate.JAM takes Polkadot’s current architecture to a new level of flexibility, in which Polkadot’s cores can be used for any verification task, whether for smart contracts or sovereign blockchains, maximizing the potential of the cores. It seeks to offer a real solution to the scalability vs coherency dilemma in Web3.sub0 reset kicks off with a dedicated education day. Attendees can learn from industry greats such as Polkadot founder Robert Habermeier and Avail’s Anurag Arjun, and join barcamp deep-dives focused on Substrate. Day two is Modularity Day, with discussions from leading innovators at Avail, R0gue, Midnight and Parity Technologies. Day three is JAM & Scalability day, building out Polkadot’s founder Gavin Wood’s vision to transform the ecosystem into the world’s first global computer. The venue’s 24/7 hackerspace will give new teams the chance to co-work and compete for 10k USD in prizes.A limited supply of free tickets for sub0 reset are available here. The event runs from 10 AM until late each day. Make sure to subscribe to the WebZero Luma for full scheduling opportunities. The hackerspace runs 24 hours a day, ensuring developers can build at all hours of the night with food and beverages provided free of charge. Media lounge and recording rooms are provided.The event will be streamed on the Polkadot Youtube channel.For any further media enquiries, please contact media@joinwebzero.comAbout WEBZEROWebZero is a developer experience builder that is establishing a hybrid between event production and developer relations, based on its own unique vision and methodology.About PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.ContactManager of comms / PRJonathan DuranDistractivemedia@joinwebzero.comThis article was originally published on Chainwire More

CryptoQuant CEO Ki Young Ju brought this development to the attention of the crypto market in a recent tweet. “BlackRock’s IBIT recorded the highest weekly netflows since March 2024. $2.11 billion flowed into the Bitcoin market,” Ju wrote in a new tweet.In the past week, BlackRock’s Bitcoin fund posted an unprecedented net inflow in the past week, in which $872 million poured into the iShares Bitcoin Trust exchange-traded fund on Wednesday, hitting a daily record. This was one of the largest since its launch, with BlackRock setting a new record for the highest inflow ever.Bitcoin rose to a high of $73,624 last Tuesday before falling for six days in a row. Bitcoin bulls were disappointed over the weekend as the market continued to fall from last week’s liquidated longs.Bitcoin plummeted to lows of $67,444 in Sunday’s trading session before managing only a modest rebound.Bitcoin was attempting to recover at the time of writing, having increased by 0.52% in the previous 24 hours to $68,308. Most other major digital assets were experiencing mild losses, with some posting minor gains.Traders were last pricing in a 99% likelihood of a quarter-point interest rate drop, according to CME Group’s (NASDAQ:CME) FedWatch tool. This comes after the Fed’s significant 50-basis-point rate decrease in September.Before the Fed’s decision, investors will be watching for additional economic data points on Monday and Tuesday.This article was originally published on U.Today More

The responsibilities in this partnership are split so that MMS is going to use its Web3 expertise to run mining systems, while Bankhaus Metzler will look for new opportunities to perform financial services related to digital assets.Based on the results of this pilot, the partners plan to assess the feasibility of larger-scale projects and further blockchain integrations in the German energy sector.Importantly, the project will be launched in a pilot phase. It should provide insight into the potential of Bitcoin mining as a tool for energy regulation, a strategy that is already in use in other countries such as the U.S. and Finland. Through the use of regulated mining loads, surplus energy can be diverted to cryptocurrency mining during times of low demand, which can help eliminate the fluctuations often faced by renewable energy producers.This article was originally published on U.Today More