Day: October 9, 2024

India Has Delayed Publication of Its Planned Discussion Paper on the Crypto Industry

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Crypto Community Rejects HBO’s Peter Todd-Satoshi Theory as Poor Journalism

On Tuesday, HBO premiered its documentary “Money Electric,” attempting to portray software developer and Bitcoin contributor Peter Todd as the mysterious Satoshi Nakamoto. Following the broadcast, Todd quickly took to X to set the record straight, stating, “I’m not Satoshi.” His response ignited a lively discussion across social media, with many in the crypto community […] Source CryptoX Portal

Crypto Market Muted After HBO Satoshi Reveal Falls Flat

A large bitcoin options trade anticipates a shift from the present low-volatility regime to a period of heightened price swings, potentially exceeding the $53,000-$87,000 range. The trade saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. A long straddle is preferred when the market is expected to move far enough in either direction to make the call or…

SUI Dips 4.3% After Nearly Reclaiming ATH, Is Now The Time To Sell?

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SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13. Although the asset is currently facing a price decline down by 4.3% in the past 24 hours with a current trading price…

Criminal record and suspended prison sentence handed to former RAC employees for stealing personal information

Two former RAC employees have been handed a suspended prison sentence and ordered to complete 150 hours of unpaid work, for unlawfully copying and selling over 29,500 lines of personal information. Debbie Okparavero, 61, of Salford and Maliha Islam, 51, of Manchester, worked as customer service specialists at the RAC’s call centre in Stretford. Their unlawful conduct was discovered by, and reported to the ICO, the RAC after it installed new security monitoring software. The software showed Okparavero had unlawfully accessed and copied personal information relating to people involved in…

Maximizing returns in a volatile market: The role of Bitcoin yields

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. One of Bitcoin’s (BTC) most attractive features is its volatility, which is also its most daunting aspect. Managing this volatility is key, and native Bitcoin yields can help achieve this. These yields allow investors to build up their portfolios while protecting them from the worst of market movements. But volatility is by no means a flaw; it’s a feature of decentralized and permissionless crypto markets. After all,…

Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns

Este artículo también está disponible en español. According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000 at the beginning of the year to as high as $73,000 in March 2024, recording more than 73% gains. At its current market price of $62,790, BTC is still more than 40% up from its…

Will Ethereum Soar To $6,000 Or Dive To $1,600?

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Este artículo también está disponible en español. Ethereum (ETH) has seen significant volatility in recent weeks, dropping from a one-month high of nearly $2,730 at the end of September to around $2,400, raising concerns about the medium-term price sustainability of the second-largest cryptocurrency by market capitalization. Ethereum Rally To $6,000 If $2,300 Support Holds Ethereum has fallen 7% in the past two weeks, with a key support level now at $2,300. This support is crucial for bullish investors hoping for a resurgence that could push ETH to new all-time highs.…