Jeff Park says “merger arb-style probability math” could mean Bitcoin rallies to $92,000 following a Trump victory. Source: https://cointelegraph.com/news/bitwise-head-of-alpha-strategies-bitcoin-hitting-92k-trump-election-win?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes
Bitcoin’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting. In the coming days, it’ll be fascinating to watch how the combination of increased difficulty and dipping prices […] Source: https://news.bitcoin.com/uncharted-territory-bitcoins-mining-difficulty-reaches-new-extremes/
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […] Source: https://news.bitcoin.com/global-finance-faces-a-shift-as-mbridge-digital-currency-platform-challenges-us-dollar/
Ripple ‘made a mistake’ not talking to regulators early, says CEO
Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, who added it’s now “trying to make up for lost time.” Source: https://cointelegraph.com/news/ripple-made-mistake-not-engaging-regulators-brad-garlinghouse?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash
“I support self-custody for those willing and able,” said Saylor in a new post after encouraging “big bank” custody in an interview earlier this week. Source: https://cointelegraph.com/news/bitcoin-bull-michael-saylor-reverses-remarks-self-custody-after-backlash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Teen’s mom sues Character.ai, alleging sexed-up bots led to son’s death
The 14-year-old boy’s last interaction was with a Character.ai chatbot before he tragically shot himself in the head in February, his mom alleged in a lawsuit filed on Oct. 22. Source: https://cointelegraph.com/news/ai-chatbot-firm-character-ai-sued-teenage-boys-suicide?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries and stablecoins, while his stablecoin legislation aims […] Source: https://news.bitcoin.com/senator-claims-brics-push-to-ditch-us-dollar-could-boost-usd-global-dominance/
Bitcoin Bounces Back Above $67,000 as Traders Navigate ‘Liquidity Hunt’ Post-Surge
Bitcoin’s price has rebounded from a ten-day low as traders attempt to gauge a short-term direction amid a “liquidity hunt” following last week’s surge to its near-all-time high. The asset is trading relatively flat on the day to around $67,500 after dropping to as little as $65,160 on Thursday, CoinGecko data shows. It comes as Bitcoin’s price breached $69,000 on…
Denmark Tax Council recommends bill to tax unrealized crypto gains
Denmark’s Tax Law Council has recommended introducing a bill that could tax unrealized gains and losses on crypto assets beginning as early as 2026. Source: https://cointelegraph.com/news/denmark-propose-bill-to-tax-unrealised-crypto-gains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national currencies, stressing cooperation within BRICS. Lula Champions Unified BRICS Financial System Brazilian President Luiz […] Source: https://news.bitcoin.com/brazil-calls-for-unified-brics-financial-system-challenging-western-hegemony/