Day: October 2, 2023

BTC price knocks on $28.5K as trader says Bitcoin ‘reeks of disbelief’

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Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin “upside wick” fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency made swift gains into the weekly close, this following a contrastingly cool monthly candle completion which saw BTC/USD finish on $26,970. For popular trader and analyst Rekt Capital, this monthly close — despite now being…

Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing

“With all these new updates, we are creating a standard for how all developers can connect heterogenous Web3 components with any existing system they can think about, move data and value seamlessly across multiple chain ecosystem, and create new verifiable applications,” Kemal El Moujahid, chief product officer at Chainlink Labs, said in a statement provided by a spokesperson. Chainlink Labs is the primary developer contributing to Chainlink. Source

Silk Road Founder Completes 10 Years in Prison, Prays for Mercy

Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2, Ulbricht shared on social media his concerns about potentially spending the rest of his life “behind concrete walls and locked doors.” His post expressed a sense of resignation, with a plea for mercy as his…

Crypto Startup Deus X Capital Launches, Declares $1B in Assets and Capital

Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth $1 billion, The Block confirmed in a Monday post. Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Grant will lead the firm…

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

In an effort to enhance transparency and bolster the trust of its customers, FTX Japan has unveiled a blockchain-based technology known as Proof of Solvency (PoS). This initiative was announced by Seth Melamed, the COO of FTX Japan, through a series of tweets on September 28, 2023. The newly introduced Proof of Solvency mechanism enables the company to prove, in an unalterable manner, that the reserves of the exchange surpass the assets held in custody for customers. Proof of Solvency (PoS) is a method utilized to demonstrate a company’s capability…

Bitfarms increases mining pace, generates 411 BTC in September

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The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month. Bitfarms mined a total of 411 BTC in September 2023, up 7.3% from the amount mined in the previous month, the company announced in its latest mining update on Oct. 2. Out of 411 BTC mined, Bitfarms sold 362 BTC, generating total proceeds of $9.5 million. The firm continues to hold 703 BTC — worth nearly $20 million at the time of writing. The mining production increase is a…

Analysts Reveal Forecasts For October As BTC Price Pushes Past $28,000

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Analysts have unveiled their forecasts for October as the Bitcoin (BTC) price has pushed past the $28,000 mark. The cryptocurrency is currently experiencing an upward trajectory in October, firing up hopes for a productive month. Analysts Predict A Bullish Run For Bitcoin Price In October The month of October also referred to as Uptober in the crypto community has always been a bullish month for Bitcoin with a lot of gains. The cryptocurrency has always finished October with gains, doing so 8 of out 10 times since 2013. According to…

Bitcoin (BTC) Hits Highest Price in a Month

Bitcoin (BTC) rose above the $28,000 mark early Monday to log its highest price in over a month as analysts pointed to ETF optimism and seasonality among the reasons behind the gains. Traders at Japanese exchange Bitbank were already eyeing the $28,000 level for bitcoin last week, as CoinDesk reported. The $28,500 acted as a major support in the previous bull market and could be a key price to watch for in the coming weeks as it potentially flips into a level of resistance. In the past 24 hours, ether…

Grayscale/NYSE File With SEC to Convert ETHE to a Spot Ether ETF

“At Grayscale, our unwavering commitment is to offer investors transparent and regulated access to crypto through product structures that are familiar,” said Grayscale CEO Michael Sonnenshein in a statement. “As we file to convert ETHE to an ETF, the natural next step in the product’s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter.” Source