Bitcoin’s price comparison on white paper 15th anniversary

Oct. 31 marks the 15th anniversary of the white paper from Satoshi Nakamoto, the pseudonymous person or persons that introduced the world to Bitcoin. Today, the token sits at $34,494 according to data from CoinGecko, the world’s largest data aggregator. Bitcoin through the years Following the release of the white paper, Bitcoin as a cryptocurrency was launched in 2009, with the first genesis block being mined on Jan. 9. Four years later, the world’s first cryptocurrency was sitting at $204. Price of BTC on Bitcoin Whitepaper Day 📄 2013: $2042014:…

Sam Bankman-Fried Retakes Stand After Rough Cross-Ex in FTX Fraud Trial

The failed cryptocurrency exchange’s founder has so far tried to present an alternative explanation of how one of the world’s better-known trading platforms collapsed, suggesting it grew too quickly and without sufficient oversight or risk planning. However, prosecutors – led by Assistant U.S. Attorney Danielle Sassoon – have quickly sought to puncture that narrative, grilling Bankman-Fried about his involvement in FTX and its sister company Alameda Research, his public statements and whether he was permitted to use FTX customer funds, one of the key issues at the heart of the…

Celestia Blockchain Goes Live as 580,000 Users Receive TIA Token Airdrop

“Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS),” said Ekram Ahmed, a spokesperson at the Celestia Foundation. “The industry has now entered a new, modular era with new values, defined by verifiability, abundant block space and collaborative blockchains. Celestia mainnet is a giant leap in our mission to make deploying chains as easy as smart contracts.” Source link

Bitcoin just formed a bullish golden cross. What now after the rally

The bitcoin price chart just flashed a bullish signal that typically heralds a big rally is on the horizon. On Monday, the cryptocurrency formed a “golden cross,” a pattern that’s drawn when the 50-day moving average crosses through, and above, an ascending 200-day moving average. Traders and analysts use it as an indicator that a market trend is about to turn more positive. The opposite, or so-called death cross, indicates a bearish change. “Golden and dark crosses tend to develop during overbought or oversold environments respectively,” Rob Ginsberg, an analyst…

Bitcoin Price Remains Steady amid Hawkish Decision by BoJ, All Eyes on Fed

Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead. The world’s largest cryptocurrency Bitcoin (BTC) has been consolidating around $34,400 levels recently with the Bank of Japan (BoJ) recently deciding to soften its grip on the “yield curve control” program. On Tuesday, the central bank maintained the short-term policy rate at -0.1%, preserving its policy of negative interest rates. Nevertheless, the BOJ indicated that it would view the 1% upper limit for the 10-year government bond yield as a “reference” rather than…

SEC to Possibly Reevaluate Grayscale Spot Bitcoin Application at November 2 Closed Meeting

Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be. The United States Securities and Exchange Commission (SEC) appears to be gearing up to reexamine Grayscale’s application to convert its Bitcoin trust into a spot exchange-traded fund (ETF). This comes after a recent decision by the D.C. Circuit Court of Appeals to scrape the regulator’s rejection of Grayscale’s spot Bitcoin ETF application. The court described the SEC’s rejection decision as “arbitrary and capricious”, in what has been described as a landmark victory…

Ethereum layer 2’s will continue to have diverse approaches to scaling

The Ethereum layer 2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with a number of layer 2 protocols differing in their approaches to bring greater scaling capacity, lower costs and increased security. As Buterin highlighted, Ethereum Virtual Machine (EVM) rollups that have been pioneered by Arbitrum, Optimism, Scroll and more recently Kakarot and Taiko have drastically improved the respective security of their solutions.…

Eurozone Inflation Hits Two-Year Low as Economic Contraction Persists

Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat, the European Union statistics agency, inflation across the region plummeted to a two-year low of 2.9% in October, marking a considerable decline from the 4.3% recorded in the previous month. The dip also fell below the anticipated 3.1%…

Trader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26

Dogecoin still boasts one of the most active following of any cryptocurrency and the community’s involvement has been one of the most bullish use cases for it. One community member, who bought the meme coin over five years ago, has come forward to explain why they still hold the coin with expectations for where the DOGE price is headed. Dogecoin Price Rise To $26 The trader first posted a chart to TradingView in September outlining why they believe that the Dogecoin price would see such a meteoric rise. According to…