It came down as quickly as it went up. Bitcoin’s price was fast closing in on $70,000 per coin on Sunday, but whiffed on the potential feat. Instead, it started falling and dipped below the $67,000 mark late Monday morning—and derivatives traders are getting smashed as a result. The biggest digital asset by market cap is now trading hands for $67,300,…
Month: October 2024
Transak hit by data breach, 92K users exposed
Transak disclosed a data breach affecting over 92,000 users after a phishing attack compromised an employee’s laptop. Source: https://cointelegraph.com/news/transak-hit-data-breach-92-k-users-exposed?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
VanEck Adds Staking Rewards to Solana Investment Product in Europe
VanEck Europe’s exchange-traded note (ETN) for Solana underwent a key transformation Monday, offering Solana staking rewards for investors across the European Union. Listed on the Euronext Amsterdam stock exchange in the Netherlands, the $74 million product will now accrue Solana rewards that are reinvested daily, the firm said. Dubbed the VanEck Solana ETN, the change represents a new form of…
Trump Takes Commanding Lead Over Harris on Prediction Markets After McDonald’s Appearance
Former President Donald Trump reached a new high on the predictions market Polymarket on Monday rising to 62.6% while his competitor Vice President Kamala Harris now stands with a 37.5% lead. The news follows Trump joining the team at a McDonald’s in Feasterville-Trevose, Bucks County, Pennsylvania. Trump’s Strong Lead Surges Ahead of Harris as Election […] Source: https://news.bitcoin.com/trump-takes-commanding-lead-over-harris-on-prediction-markets-after-mcdonalds-appearance/
Tether-Owned Northern Data Considering Sale of Bitcoin Mining Firm Peak
Northern Data Group said Monday it is considering selling its Bitcoin mining business, Peak Mining, as it plans to bolster its AI offerings. Majority-owned by stablecoin giant Tether, the AI and high-performance computing (HPC) solutions firm is exploring the divestment of Peak Mining “to focus on the acceleration of [its] AI solutions business,” Northern Data said Monday in a statement.…
Better Know a Crypto Candidate: John Avlon
As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. Source: https://cointelegraph.com/news/crypto-candidate-john-avlon-congress-new-york?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gold Surges to Record High Amid Safe-Haven Demand
Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This sentiment also fueled a rise in silver prices, […] Source: https://news.bitcoin.com/gold-surges-to-record-high-amid-safe-haven-demand/
The Global Digital Asset & Cryptocurrency Association Announces Proposed Information Guidelines for Certain Tokens Made Available in the United States
Proposed Voluntary Framework for Digital Asset Tokens Designed to Identify Material Information Enabling the Market to Make Informed Decisions CHICAGO, Oct. 20, 2024 /PRNewswire/ — The Global Digital Asset and Cryptocurrency Association (Global DCA), in collaboration with Global Blockchain Business Council (BGGC), The Digital Chamber and the Proof of Stake Alliance, today announced the Proposed Information Guidelines for Certain Tokens Made…
Why Bitcoin ETF Options Will Supercharge the Trump Trade, According to QCP
Bitcoin ETFs are witnessing a record surge in inflows, and according to analysts, the momentum is far from over. Experts point to several factors, including strong institutional demand, favorable market conditions, and increasing confidence in Bitcoin as an asset class—all of which are likely to fuel further growth in inflows. Bitcoin ETFs saw net inflows of $2 billion last week,…
9 AI Chatbots Forecast Bitcoin’s Price Under Trump vs. Harris—Here’s What They See
On Oct. 20, 2024, bitcoin’s price broke past the $69,000 mark, leaving many in the market eager to see what’s next. With the 2024 U.S. elections approaching, bitcoin (BTC) prices could swing unpredictably, given the speculation surrounding the face-off between Donald Trump and Kamala Harris. As prices continue to rise, we gathered several generative artificial […] Source: https://news.bitcoin.com/9-ai-chatbots-forecast-bitcoins-price-under-trump-vs-harris-heres-what-they-see/