源聚合

FTX, once a giant in the crypto exchange world, has cleared a major hurdle in its bankruptcy proceedings. On Monday, a US bankruptcy court approved its plan to repay customers using up to $16.5 billion in recovered assets. The approval signals a win for the company’s efforts to right the wrongs that caused its collapse.

US Bankruptcy Judge John Dorsey, presiding over the case, called FTX’s resolution “a model case” for handling such complex Chapter 11 filings. The approval offers hope for FTX customers, many of whom have been waiting since 2022 to recover their funds.

FTX APPROVED TO REPAY CUSTOMERS AMID BATTLE FOR $1 BILLION SEIZED ASSETS

– A U.S. bankruptcy judge approved a plan for FTX to repay customers over $12.6 billion after their digital assets were locked on the platform following its collapse in November 2022.

– FTX is in talks to… pic.twitter.com/TWjNV1BhAP

— BSCN (@BSCNews) October 7, 2024

The Payback Schedule: A Complicated Package For Clients

FTX would pay approximately 98% of account holders with less than $50,000 on the platform through this settlement. The plan will start the payout after 60 days of activation. Although it sounds sweet for those customers, not all of them are satisfied. Because the values are based on the cryptocurrency prices from November 2022 and also happened to be the month that FTX collapsed, they feel they’re getting the raw end of the deal.

Bitcoin was only valued about $16,000 at the time. In the present day, the value of bitcoin has skyrocketed above $63,000. Some consumers, backed by lawyer David Adler, contend that, given the current value of cryptocurrencies, FTX’s claim of a 100% return doesn’t accurately represent their losses. Yet, FTX claims that since founder Sam Bankman-Fried mismanaged those assets, it is not feasible to just reimburse cryptocurrency deposits.

The Part Bankman-Fried Played And What FTX Acquired

FTX’s disastrous collapse is largely due to the efforts of Sam Bankman-Fried. The founder was earlier this year sentenced to 25 years in prison for using client funds to finance high-risk wagers made by his hedge fund, Alameda Research. When FTX declared bankruptcy, it possessed barely 0.1% of the bitcoin that its users believed they had.

The new management of FTX has been searching for the missing assets ever since. They have succeeded in reclaiming billions of dollars in cryptocurrency as well as cash. The proceeds from the sale of stakes in businesses such as the AI company Anthropic were among the sources of these cash. Because of this endeavor, FTX calculated that it could pay back creditors between $14.7 billion and $16.5 billion.

A Win For Some, But There’s Still Dissatisfaction

Although the reversal is positive, issues are still at hand. For the extra $1 billion seized in the inquiry into Bankman-Fried’s crime, FTX, and the US Department of Justice have yet to agree on most matters. The seized money could eventually ensure as much as $230 million for the shareholders, who would otherwise benefit nothing from a bankruptcy.

Even though there have been improvements, some clients feel like they are missing out on the current rise in cryptocurrency. Since the market fell in 2022, the value of cryptocurrencies has gone up by a huge amount. A lot of people lost more than just money when FTX went down; they also missed their chance to make money when the market went back up.

Featured image from The Economic Times, chart from TradingView

Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don’t favor risk assets like these meme coins. 

Dogecoin And Shiba Inu Price Crash Amid Market Uncertainty

Dogecoin and Shiba Inu prices have crashed amid market uncertainty, thanks primarily to the macro side. The US job report released on October 4 suggested that the US economy is healthier than many imagined. However, this has raised concerns that the Federal Reserve might no longer be in a hurry to cut interest rates. 

The Fed cut interest rates by 50 basis points (bps) at its September FOMC meeting following concerns that the US economy might be heading into a recession if the US Central Bank didn’t act fast and implement a monetary easing policy. However, this recent job report showed that the labor market is solid, contrary to experts’ opinions. 

Considering that the US economy is healthier than earlier imagined, the Fed might not cut rates as anticipated by the markets. The market had favored the Fed cutting rates by an additional 50 bps at its November FOMC meeting, which would have been positive for risk assets like Dogecoin and Shiba Inu. 

However, the CME FedWatch data shows that the odds for a 50 bps rate cut have since dropped to 0% following the release of the job report. Instead, the odds favor only a 25 bps rate cut. This isn’t favorable for Dogecoin and the Shiba Inu price, as investors are likely to lower their risk appetite once more if the Fed doesn’t cut interest rates by 50 bps as earlier envisaged. 

Geopolitical Tensions And US Elections

Geopolitical tensions and the upcoming US elections have also contributed to the price crashes for Dogecoin and Shiba Inu. The Isreal-Iran conflict has sparked a wave of sell-offs as investors are skeptical about allocating so much capital to these risk assets, considering how much they could be affected if the rising tensions in the Middle East become a full-blown war. 

Israel has threatened that it would retaliate for the Iranian missile strikes on October 1. In line with this, market participants are apprehensive that these retaliatory attacks could come at any moment. 

Meanwhile, the upcoming US presidential elections have also brought market uncertainty, further heightened with the November 5 election drawing nearer. Although the Polymarket odds currently favor Donald Trump, who is pro-crypto, investors are choosing to remain on the sidelines until after the elections. 

Therefore, the Dogecoin and Shiba Inu prices are currently bearish, and these external factors will likely continue to cast a dark cloud over the market in the short term.

At the time of writing, Dogecoin is trading at around $0.107, down over 5% in the last 24 hours, while the Shiba Inu price is trading at around $0.000017, down over 7% during this period, according to data from CoinMarketCap.

Редко упоминается на нашем канале такой феномен общественно-политической жизни России пред- и периода СВО как курс Основы Российской государственности. Много копий сломали общественники в попытках понять,...

Сегодня на арене политического Колизея Радио АВРОРА — битва идеологических титанов, а также новый выпуск проекта «Пассионариум» В первом блоке передачи в поединке сойдутся лидеры общественного мнения,...

Anticipation toward the next major rally for Bitcoin continues to increase within the cryptocurrency community following the start of this bull cycle. However, the wait could be over as a crypto expert has predicted a potential rally for BTC in the final quarter of this year.

Bitcoin Likely To Reach A New All-Time High By The Year’s End

Timothy Peterson, an author and network economist has cited a positive outlook for Bitcoin in Q4 of 2024, predicting that the crypto asset could be gearing up for a short-term price surge, possibly to a new all-time before the end of the year.

The analyst made the bold forecast after exploring several past BTC price trends in Q4, fueling optimism for the crypto asset’s potential in the upcoming months. Several factors that are currently seeing improvements such as rising demand, growing whale accumulation, and strong market sentiment could also contribute to this impending surge.

According to the analyst, the performance of Bitcoin usually improves significantly in the fourth quarter. Meanwhile, bear market years such as 2022 and 2018 are typically the exceptions, but 2024 is not one of those years.

As a result, Peterson is confident about the potential of BTC in this final quarter as he anticipates a rise in the value of the digital asset by 30% to 60%. He further pointed out an over 40% likelihood that BTC could reach a whopping $100,000 price mark before 2024 ends, demonstrating his stark optimism towards the coin’s short-term capabilities.

Peterson is optimistic about a new all-time high for BTC before the year’s end in spite of the waning price movement, as the asset continues to struggle to revisit its current peak of around $73,000, which was achieved in March of this year.

Since then, the coin has been in a consolidation mode, fluctuating between $55,000 and $67,000. However, Negentropic, a crypto analyst, believes that the correction has come to an end, predicting that BTC’s next leg up is just beginning.

Negentropic attributes his forecast to Bitcoin’s resiliency during geopolitical risks witnessed last week, demonstrating strong fundamentals in light of the turmoil that caused BTC to drop. Particularly, this resilience of BTC was mostly triggered by network growth and increasing liquidity, suggesting that a move on the upside is “just starting.”

Is The Recent Rebound Over?

Thus far, BTC has once again experienced a setback after retesting the $63,000 due to an overall market recovery on Monday. Such movements have been happening lately, but there is still firm optimism in the community about a rally in the short term.

Even though the value of the asset has dropped by nearly 2% to $62,290 in the past day, its trading volume is demonstrating a positive outlook, rising by over 64% in the last 24 hours. The rise in trading volume indicates the presence of market players, which might lead to a price rebound.

Согласно отчету аналитиков криптобиржи Bitfinex, биткоин переживает стадию «здоровой перестройки». Коррекция цены первой криптовалюты позволила снизить вероятность чрезмерной волатильности актива, заявили эксперты.

On Tuesday, digital asset exchange Crypto.com became the latest target of the US Securities and Exchange Commission (SEC), which has been increasingly employing a regulation-by-enforcement strategy over the past year. This latest action follows the SEC’s previous scrutiny of trading platforms, including Robinhood, just a few months ago. 

Crypto.com Accuses SEC Of Overreach

In response to receiving a Wells Notice from the SEC, Crypto.com has filed a lawsuit against the regulatory body, aiming to safeguard the future of the cryptocurrency industry in the United States. In its statement, Crypto.com emphasized the necessity of the legal action, stating: 

We are doing so to protect the future of the crypto industry in the US, joining a series of our peers who are actively defending themselves against a misguided federal agency acting beyond its authorization under the law.

The exchange argues that the SEC is overstepping its jurisdiction and has unilaterally expanded its authority to classify nearly all cryptocurrency transactions as securities, except for those involving Bitcoin (BTC) and Ethereum (ETH). 

This distinction, they claim, lacks a solid legal basis and fails to adhere to required regulatory procedures, including the notice-and-comment rule mandated by the Administrative Procedure Act.

Crypto.com contends that the SEC’s enforcement actions are “arbitrary and capricious,” particularly given that many cryptocurrencies share characteristics and transactional methods similar to those of BTC and ETH. The exchange seeks to halt what it describes as the SEC’s unlawful activities that exceed its statutory authority and violate federal law.

 Push For CFTC Oversight Of Crypto Derivatives

In addition to the lawsuit, Crypto.com | Derivatives North America (CDNA) has filed a petition with both the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC). 

This petition aims to clarify the regulatory framework governing certain cryptocurrency derivative products, advocating for a joint interpretation that would designate these products as solely under the jurisdiction of the CFTC. 

The agencies involved have 120 days to respond, either by issuing a jointly approved interpretation or by providing written reasons for any denial.

At the time of writing, Crypto.com’s ecosystem token Cronos (CRO) is trading at $0.075, down 5% in the last hour. 

Featured image from DALL-E, chart from TradingView.com

Crypto and AI are two of the most transformative technologies of our time. Individually, they’ve disrupted traditional industries and reshaped how we think about finance, data, and automation. But what happens when you bring them together? 

You get the opportunity to transform everything from online shopping to data management. Let’s explore why combining crypto and AI is so important and three standout projects leading the charge.

Why Crypto and AI Matter Together

At first glance, crypto and AI might seem like separate worlds. Crypto deals with DeFi and secure transactions, while AI focuses on learning algorithms and automation. But their intersection opens up new possibilities. 

AI can enhance blockchain efficiency, making transactions faster and smarter. Meanwhile, blockchain can add layers of security and transparency to AI operations. 

Together, they tackle complex problems that both could only solve with help, paving the way for innovations we hadn’t thought possible.

Top 3 AI Crypto Projects

Imagine an online shopping experience tailored just for you, with product descriptions that read your mind and recommendations that hit the mark every time. Or consider a decentralized data marketplace where you can share and monetize your data securely. 

These are real developments happening right now, thanks to the merging of AI and crypto. This synergy is not just improving existing processes; it’s creating entirely new ecosystems where efficiency, personalization, and security are the norm rather than the exception.

Let’s dive into three AI crypto projects that are making significant waves in the world we live in today.

1. YOUR AI

YOUR AI is changing the game in e-commerce by making product content creation effortless. Running an online store often means spending endless hours on product descriptions and images. YOUR AI simplifies this with AI-driven solutions that automate content creation and personalize it for each customer.

At the heart of YOUR AI is the $YOURAI token, which powers the platform and enables access to its advanced AI tools. This token is essential for transactions within the YOUR AI marketplace, where online retailers can tap into a vast database of AI-enhanced product content. 

Having already integrated with major platforms like Shopify—which hosts over 4.5 million stores—YOUR AI plans to expand to others like WooCommerce, Magento, and Salesforce Commerce Cloud, positioning itself as a key player in the future of online retail.

What makes YOUR AI stand out are its proprietary AI models:

• AI Monet acts like an automated content generator, producing high-quality product descriptions, specifications, and articles. With a database of over 30 million products, it ensures that online stores stay fresh and informative without the need for manual updates.
• AI Picasso elevates personalization by adjusting product pages in real time based on each visitor’s preferences. Whether a customer enjoys minimalist layouts or detailed specifications, AI Picasso modifies the content to match their tastes, effectively serving as a 24/7 personalized sales assistant.

Exciting developments are on the horizon, expanding YOUR AI’s reach and enhancing the utility of the $YOURAI token within the ecosystem. 

With a growing network of over 200 major web stores and more than 25,000 content creators, YOUR AI is strengthening its position in the market. By addressing critical e-commerce challenges—such as content creation bottlenecks and the increasing need for personalization—it offers solutions that could benefit a wide range of industry stakeholders.

YOUR AI is carving out a unique space in a sector projected to reach a combined valuation of $41.5 trillion by 2027 across both B2B and B2C markets. Its integration with multiple e-commerce platforms and dedication to enhancing customer experiences through AI make it a project with significant potential for growth and impact in the e-commerce landscape.

2. Fetch.ai

Next on our list is Fetch.ai, a project that’s bringing the concept of autonomous software agents to life. It’s like having digital assistants who can perform tasks on your behalf without constant oversight.

Fetch.ai creates a decentralized digital world where these autonomous agents can interact, negotiate, and execute tasks. They help you find the best flight deals, manage your energy consumption at home, or even optimize complex supply chains. Fetch.ai combines machine learning and blockchain to enable these agents to function efficiently and securely.

The platform uses an open economic framework, allowing agents to discover and communicate with each other seamlessly. What’s impressive is the potential applications across various industries. 

These autonomous agents could streamline operations, reduce costs, and improve outcomes from finance to healthcare. It’s a glimpse into a future where AI doesn’t just support us but actively works for us in meaningful ways.

3. Ocean Protocol

AI thrives on data, but sharing data securely and transparently has always been challenging. Ocean Protocol offers a solution by creating a decentralized data exchange.

In this marketplace, data providers and consumers can share and monetize data while maintaining control and privacy. Think of it as a secure bazaar where data is the currency, and blockchain ensures that every transaction is transparent and tamper-proof.

Ocean Protocol uses tokenization to manage data assets. Data sets are treated as unique tokens that can be bought, sold, or traded. This approach incentivizes data sharing and ensures that data owners retain control over how their information is used.

The implications are huge for AI development. With easier access to diverse data sets, AI models can become more accurate and robust. At the same time, individuals and organizations can monetize their data securely, opening up new revenue streams. 

Conclusion

AI and crypto are more than a tech trend; they are a transformative movement reshaping multiple facets of our lives. 

As we stand on the edges of this new frontier, it’s exciting to ponder what the future holds. The intersection of AI and crypto promises incremental improvements and leaps in how we interact with technology and each other. 

Keep an eye on crypto AI projects—they’re not just changing the game; they’re creating entirely new ones.

Балашихинский городской суд Московской области приговорил к 16 годам колонии и штрафу в 500 млн рублей бывшего начальника отдела Следственного Комитета России по Тверскому району Москвы Марата Тамбиева по делу о получении взятки в биткоинах.

The United States Supreme Court has declined to hear an appeal from Battle Born Investments over the forfeiture of 69,370 bitcoins originally linked to the Silk Road darknet marketplace. The decision, listed under “CERTIORARI DENIED” in the Supreme Court’s October 7 publication, effectively allows the US government to seize and potentially sell the Bitcoins, currently valued at approximately $4.4 billion.

US Govt Retains The Right To The Seized Bitcoins

The case revolves around a civil forfeiture action initiated by the US government following the shutdown of Silk Road. Battle Born Investments claimed legal ownership of the Bitcoins, asserting that in March 2018, they had entered into an agreement to purchase assets—including the Bitcoins in the “1HQ3” wallet—from the Chapter 7 bankruptcy estate of Raymond Ngan. They alleged that these assets were tied to an individual known as “Individual X,” who had stolen the bitcoins from Silk Road and was associated with Ngan.

However, US authorities contested Battle Born’s claims, maintaining that the Bitcoins were subject to forfeiture due to their connection with illegal activities on Silk Road. In 2022, the US District Court for the Northern District of California ruled in favor of the government, ordering that it should “dispose of the defendant’s seized property in accordance with the law.”

Battle Born Investments appealed the decision, but on August 18, 2023, the Ninth Circuit Court of Appeals affirmed the lower court’s ruling. The appellate court determined that Battle Born “did not have standing to challenge the forfeiture,” stating that their claims were speculative and lacked substantial evidence to establish direct ownership of the Bitcoins.

Following the appellate court’s decision, Battle Born sought a rehearing en banc, which was denied on December 12, 2023. Persisting in their legal efforts, they filed a petition for a writ of certiorari to the Supreme Court on April 25, 2024, arguing that the lower courts had erred in their interpretation of their standing and ownership claims.

The Supreme Court’s refusal to review the case effectively upholds the decisions of the lower courts. By denying the petition, the Supreme Court confirms that Battle Born Investments lacks the necessary standing to contest the forfeiture of the Bitcoins. This outcome moves the 69,370 BTC from a seized status to a forfeited and sellable asset, granting the US government the authority to “dispose of the defendant’s seized property in accordance with the law.”

The government’s position, supported by filings from the US Department of Justice, emphasized that “mere claims of ownership, without substantial evidence, are insufficient for establishing standing in civil forfeiture cases.” The courts agreed, highlighting the need for concrete evidence tying the claimed assets directly to Battle Born.

The potential sale of 69,370 BTC by the US government could have significant implications for the market. Valued at approximately $4.4 billion at current prices, the liquidation of such a large amount of Bitcoin could influence market dynamics and investor sentiment. In the past, US govt selling news have stirred the market massively.

Notably, Donald Trump vowed to transfer all seized Bitcoin into a “strategic national stockpile.” Following this, on July 29, the Biden-Harris administration transferred 29,800 Bitcoin to an unknown wallet address.

At press time, BTC traded at $62,356.

Принадлежащая Штутгартской фондовой бирже компания Bison сообщила о соглашении с Munich Re и Staking Facilities, позволившем предложить клиентам страхование стейкинга эфира. Страховка покрывает такие риски как мошенничество или кража активов.

Just recently, an economist predicted that both Dogecoin (DOGE) and Shiba Inu (SHIB) could reach new all-time highs in the upcoming crypto cycle, drawing attention from investors hoping to capitalize on the incoming success. However, while these well-known tokens are expected to make significant gains, this $0.03846 crypto, ETFSwap (ETFS), is quietly positioning itself to outperform them. 

ETFSwap’s (ETFS) Set To Record Huge Gains For Investors Following ETF Trading DApp Announcement

Currently selling for $0.03846 per token, one crypto economist believes ETFSwap (ETFS) has the potential to deliver incredible returns due to its revolutionary solution. ETFSwap (ETFS) is a crypto and ETF trading platform that cooperates with financial institutions that are MiCa compliant to provide safety for tokenized assets backed up with real securities. 

Additionally, its highly anticipated crypto ETF trading Phase 1 beta platform facilitates trading in perpetuals, futures, and tokenized ETFs, providing users with a comprehensive trading experience. After Windows UI examinations are successfully concluded, the beta platform is set to be launched soon, allowing users to engage in several liquidity pools and staking options while utilizing real time ETF pricing and swapping facilities. 

With the upcoming launch, ETFSwap promises to revolutionize the market, offering traders a user-friendly experience with advanced tools such as the ETF Tracker and ETF Screener. These AI-powered tools will analyze price movements based on real-time market data and trends and recommend the best trades. To reassure users of its security, ETFSwap (ETFS) underwent a thorough audit by CyberScope, a leading name in blockchain security. 

This rigorous process, combined with partnerships with MiCa-compliant regulated investment banks, guarantees a secure trading environment for all investors. With the final presale stage underway, ETFSwap (ETFS) presents a compelling opportunity for investors. Moreover, with plans to launch its own ETF by 2025, the crypto economist believes the ETFS token will surge by over 5,000% and potentially outperform Dogecoin and Shiba Inu. 

Dogecoin (DOGE) Set For Potential Return After Monthly Surge 

Dogecoin (DOGE) has been making waves in the crypto world once again, catching the attention of both casual investors and seasoned analysts. The token has seen a notable surge of over 6% in the last month, with a number of market players now asking about the possibility of a larger run. A certain economist, however, suggests that Dogecoin, which has yet to fully participate in the bullish trend of this cycle, could be very close to it’s all-time high this time around, a possibility that has many in the crypto community buzzing with excitement.

The economist points to several factors contributing to Dogecoin’s potential breakout, including renewed interest in the meme coin and the broader bullish trend seen across the crypto market. Its resilience, coupled with strong community support, makes Dogecoin (DOGE) a key player in the cryptocurrency market.

Can Shiba Inu (SHIB) Go Back To Its Winning Ways?

Starting out as just a dog-themed meme coin, Shiba Inu has become a huge favorite in the crypto industry, developing rapidly thanks to its active community support and investor adoption. This has made Shiba Inu one of the top-performing meme coins in the market, though its path to consistent growth has been rocky. 

According to CoinMarketCap, Shiba Inu (SHIB) is currently trading at a weekly price range between $0.00001708 and $0.000020. With a 19% surgein the last month, an unnamed economist has predicted Shiba Inu (SHIB) to see a retracement and mirror its previous positive trajectories. This prediction has spurred optimism within the Shiba Inu (SHIB) community, with many anticipating a positive outcome.

Conclusion 

This economist’s predictions highlight potential growth for Dogecoin (DOGE) and Shiba Inu (SHIB) as they prepare for new all-time highs. Meanwhile, ETFSwap (ETFS) is emerging as a strong contender in the crypto market, offering unique opportunities through its focus on ETF tokenization. As investors anticipate the next cycle, all eyes will be on this new project and its ability to transform the ETF market and the general crypto industry.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

 

After turning $1,000 into $1 million with Dogecoin, a rookie trader is setting his sights on RCOF as his next major investment. 

With predictions of a 12,000x bull run by Q1 2025, RCO Finance (RCOF) is quickly establishing itself as the presale token to watch in Q4 of 2024. Let’s see why you should also capitalize on this investment opportunity! 

RCO Finance introduces a New AI Trading System Featuring A Robo-Advisor 

Just as Dogecoin captured the public’s imagination and created crypto millionaires, RCO Finance is quickly emerging as the next big opportunity. 

RCO Finance (RCOF) is at the forefront of integrating AI with financial services, presenting a DeFi trading platform designed for beginners and seasoned traders.

Thanks to its flagship Robo Advisor, which creates a new reality in investment by making it as simple as having a cold beverage in the sun. 

This smart software analyzes market trends, assesses risks, and initiates trades, so you can watch the business world go by without having to look at screens all day.

The AI Robo advisor also looks at factors such as the financial profile of the user, the risk profile, and the market profile of the investor. The trading tool intelligently analyzes the market and shows clients where to invest or adjust their portfolios at any moment.

RCO Finance (RCOF): Leading the Future of Trading

RCO Finance is an AI trading platform that supports over 120,000 digital assets in 12,500 classes. This wide range of assets helps increase liquidity and simplify portfolio management, as the client does not have to perform fiat swaps to carry out trades directly.

The DeFi platform’s smart contracts execute automatically when specific conditions are met, eliminating the need for intermediaries. RCO Finance has undergone a rigorous audit by the reputable firm SolidProof to bolster user confidence in their investments further.

To increase the rate of returns, RCO Finance has provided staking for assets in the liquidity pool, keeping reserves for trading pairs, and instant asset swapping. 

The AMM feature works based on supply and demand markets to ensure the most favorable transaction rate.

Whales Accumulate 1 Billion DOGE

Since the last few days, whales have accumulated approximately 1 billion DOGE. This suggests the token price support to rise after it started at a downward spiral in October’s first few days. 

While Dogecoin (DOGE) was valued at $0.13, it dropped by 15%, indicating that whales may capitalize on the dip.

Santiment shows that DOGE supply held by address with 100M-1B coins increased from 29.88B to 30.88B, revealing that whales bought 1 billion coins in 2 days, costing around $100M. Significant buying entices investors, and if this continues, an upward price movement may occur.

Investors holding time for Dogecoin have surged, indicating anticipation of gains. Juan Pellicer from IntoTheBlock suggests this buying is crucial for Dogecoin’s recovery, with “Coins Holding Time” up 536% in the past week, signaling many are choosing to hold rather than sell.

DOGE Millionaire Expects 12,000x RCO Growth Next Year

The Dogecoin trader who turned a $1,000 investment into $1 million is now endorsing RCOF, predicting its price could soar by 12,000% by 2025. This expectation, combined with the token’s embedded deflationary feature, has reportedly boosted market demand in its token presale.

In its second presale stage at $0.0344, forecasts suggest RCOF could surge to $0.60 upon its market debut. 

Early adopters could see returns exceeding 1,000%, with some projections indicating that RCOF may replicate Dogecoin’s remarkable rally in 2021 by 2025.

Unlike many platforms that depend on fixed liquidity from a set token supply, RCO Finance takes an innovative approach. It allocates 20% of each new user’s RCOF deposit to provide liquidity, ensuring consistent and attractive Annual Percentage Yields (APYs) for RCOF holders.

Invest in RCOF now and seize the opportunity to make significant gains!

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

 

Согласно аналитической платформе Lookonchain, крупный владелец эфира, участвовавший в первичном предложении монет (ICO) Эфириума, перевел 5000 ETH на криптовалютную биржу Kraken. Сейчас эти криптоактивы стоят $12,22 млн.

Even though the third quarter was tough, Bitcoin has been very strong in 2024, continuing to be the best-performing currency. A new report from the New York Digital Investment Group (NYDIG) says that Bitcoin made a small 2.5% gain in Q3, after going down in the previous three months. This makes the growth so far this year an amazing 49.2%. Bitcoin is still doing very well, even though the market is under a lot of pressure.

Market Dynamics And Challenges In Q3

This year was no exception to the common perception that the third quarter of the year is a challenging time for Bitcoin. The cryptocurrency encountered numerous obstacles, such as substantial sell-offs by significant holders.

It is important to note that the US and German governments sold off significant quantities of Bitcoin, which dramatically affected market sentiment. Furthermore, the resolution of long-standing bankruptcies, such as Mt. Gox, resulted in the return of billions of dollars in Bitcoin to creditors, which further influenced prices.

Despite all the difficulties Bitcoin faced—a month usually marked with decreases for the digital asset—it exceeded expectations in September with a 10% increase. Though other asset classes, such gold and equities, were performing well, Greg Cipolaro, the research director of NYDIG, pointed out that Bitcoin’s ability to maintain its position as the top asset is remarkable. The analysis underlined that during the past six months, Bitcoin’s price has moved between $65,000 and $54,000 with no clear pattern.

ETF Inflows Fostering Growth

The demand for US spot exchange-traded funds (ETFs) has been a substantial factor in the support of Bitcoin’s price during this period. In Q3, these ETFs received a total of $4.3 billion in inflows, with BlackRock’s iShares Bitcoin Trust taking the lead.

This injection of capital has allowed Bitcoin to find new means of supporting the price in periods of larger market volatility. Conversely, exchange-traded funds based on Ethereum have struggled to generate anywhere close to the same level of interest.

The growth of ETF investment continues to be on an upward curve, showing confidence from investors in the growing potential of cryptocurrencies as a decent asset in light of somewhat fluid and volatile conditions within the economic setup. Mainstream markets are still sound although indices such as the S&P 500 have recently shown improvements. It is for this reason that Bitcoin’s position diverges uniquely and really helps multi-asset portfolios to provide diversification benefits.

Future Prospects: Potential Catalysts

As we head into Q4, analysts see great promise for Bitcoin. Historically, the top crypto has had a good run over this period. One of numerous possible triggers that can raise prices, Cipolaro noted is the approaching US presidential election on November 5. If former President Donald Trump, who has shown support for cryptocurrencies, wins, Bitcoin stands to gain greatly.

Moreover, global monetary easing and stimulus measures from countries like China could further influence Bitcoin’s trajectory in the coming months. While some investors may feel frustrated with Bitcoin’s range-bound trading over recent months, Cipolaro reassured them that this is not unusual for this time of year.

Featured image from StormGain, chart from TradingView

Жертвы мошеннической схемы с токенами KOK обвинили Chosun Ilbo, крупнейшую ежедневную газету Республики Корея, а также ее дочерние компании IT Chosun и Digital Chosun Ilbo в рекламе криптовалютного скама.

Бывший директор по связям с разработчиками Ripple Мэтт Гамильтон (Matt Hamilton) назвал причины, благодаря которым выпускаемая этой компанией монета XRP превосходит первую криптовалюту — биткоин.

On Monday, the National Bank of Bahrain (NBB) announced the launch of its first Bitcoin-linked structured investment fund. The product, developed in partnership with digital asset firm ARP Digital, is designed specifically for institutional investors in the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

National Bank Of Bahrain Pioneers First Bitcoin Fund

The fund marks a significant milestone in the region’s financial landscape, as it is the first time a national bank in the GCC has introduced a Bitcoin-focused investment product. It aims to provide accredited investors with exposure to Bitcoin while ensuring capital protection. Investors will be able to benefit from Bitcoin performance, but “capped at a predefined threshold, while enjoying 100 percent capital protection on the downside”, according to a local media report.

In a statement, Hisham AlKurdi, Group Chief Executive – Markets & Client Solutions at NBB, emphasized the innovative nature of the investment offering. “We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection. This product underscores our focus on offering our wealth management clients innovative and secure avenues to diversify their portfolios in an evolving investment landscape. It is a testament to NBB’s continued leadership in financial innovation within the region.”

The introduction of the Bitcoin-linked structured investment is part of NBB’s broader strategy to expand its wealth management product portfolio. This product is particularly targeted at risk-averse investors who seek exposure to the potential growth of Bitcoin without subjecting their principal capital to the volatility.

The collaboration between NBB and ARP Digital is set to redefine the regional market. Abdulla Kanoo, Co-founder and Co-Chief Executive Officer at ARP Digital, noted: “Our collaboration with NBB is poised to be a game-changer in the regional market. By leveraging our expertise in digital assets and NBB’s extensive reach in the financial sector, we have created a product that introduces Bitcoin exposure within a highly secure framework. This structured investment opens new doors for investors seeking a calculated approach to digital assets.”

With Bitcoin’s volatility serving as a key concern for many investors, the capital-protected structure of this fund provides a novel solution for clients looking to participate in the digital asset market without taking on excessive risk. Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, hailed the launch as a significant achievement.

“The launch of this Bitcoin-linked Structured Investment is a prime example of the true potential of Bahrain’s robust financial services ecosystem, which provides an attractive and streamlined environment that gives rise to innovative solutions. This initiative embodies a seamless fusion of traditional financial practices and inventive blockchain-based solutions, and we are proud to witness local institutions like NBB driving cutting-edge advancements and diversification to the sector,” Buhejji stated.

In Bahrain, recent developments in Bitcoin and crypto regulation highlight the nation’s proactive stance in fostering fintech innovation while ensuring investor protection. In September this year, Crypto.com received a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This license enables the platform to offer e-money services and prepaid crypto cards in Bahrain. In April 2022, Binance received a license to operate in the country.

Bahrain’s regulatory framework is also well-regarded for its balance between innovation and regulatory compliance. Since 2019, the CBB has implemented comprehensive guidelines for crypto-asset services, ensuring businesses operate with transparency while adhering to anti-money laundering (AML) and combating the financing of terrorism (CFT) protocols​.

At press time, BTC traded at $62,500.

Верховный суд США предоставил федеральным властям разрешение на продажу 69 370 биткоинов, ранее конфискованных у даркнет-площадки Silk Road.

Судья по делам о банкротстве округа Делавэр Джон Дорси одобрил план по распределению выплат кредиторам обанкротившейся криптовалютной биржи FTX.