<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Tue, 22 Oct 2024 07:24:02 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[How Bitcoin ETF Options Are Set to Transform Wall Street Dynamics and Drive Volatility]]></title> <link>https://www.bitcointoday.app/article/how-bitcoin-etf-options-are-set-to-transform-wall-street-dynamics-and-drive-volatility</link> <guid>how-bitcoin-etf-options-are-set-to-transform-wall-street-dynamics-and-drive-volatility</guid> <pubDate>Tue, 22 Oct 2024 01:01:26 GMT</pubDate> <description><![CDATA[### Bitcoin ETFs Make Waves on Wall Street **Bitcoin ETFs** have made a significant impact on Wall Street this year, with analysts predicting an influx of **institutional interest** following the recent approval of options for spot Bitcoin ETFs by the SEC. On Friday, the **Securities and Exchange Commission (SEC)** approved options trading for **11 spot Bitcoin ETFs**, marking a crucial step in the market's evolution. This comes after the cumulative net inflows for these products surpassed **$20 billion** last week. The approved ETFs include well-known names like the **Fidelity Wise Origin Bitcoin Fund** and **Grayscale Bitcoin Trust** on the **New York Stock Exchange**, as well as the **WisdomTree Bitcoin Fund** and **VanEck Bitcoin Trust** on the **Cboe**. ### Advantages of Options for Institutional Players According to **Bitwise CIO Matt Hougan**, options on ETFs offer a **simpler and more cost-effective** way for institutional investors to engage with the Bitcoin market. Options are financial derivatives that give investors the right to buy or sell an asset at a predetermined price within a specified timeframe. Hougan emphasizes that adding standard financial instruments like options is a positive step towards the **normalization of Bitcoin** in traditional finance. ### Distinct Nature of Options vs Futures While **Bitcoin futures** have been available since 2017, options present a different opportunity. Unlike futures, where the buyer must purchase the asset at a set date, options provide flexibility without the obligation to buy. **Juan Leon**, a Senior Investment Strategist at Bitwise, notes that options allow for **more efficient capital use** and easier market exposure than futures contracts. ### BlackRock's Spot Bitcoin ETF The **BlackRock spot Bitcoin ETF**, boasting a market cap of **$26 billion**, recently received SEC approval for options trading, indicating strong institutional confidence in Bitcoin as an asset. ### Impact on Market Dynamics Options trading tends to increase market activity, enhancing **price discovery** and liquidity. However, Leon warns that they may also lead to heightened **volatility**, particularly during contract expirations. Leon describes options as **leveraged positions**, which can result in liquidation spikes when concentrated positions expire. ### A Signal of Regulatory Progress For many experts, the SEC's approval of options is not just about market mechanics but also a sign of **regulatory advancement**. **Krista Lynch**, Vice President of ETFs at Grayscale, points out that while the approval is promising, it does not guarantee immediate trading, as further regulatory steps are necessary. The **Options Clearing Corporation** will need to engage with the **Commodities Futures Trading Commission (CFTC)** for additional approvals. Research from **NYDIG** suggests that despite past hurdles for options on other ETFs, Bitcoin's market will likely be treated more favorably. Expectations are high that options trading could commence on Bitcoin ETFs by the year's end.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>etf</category> <category>sec</category> <category>volatility</category> <category>institutionalinvestment</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2024/08/giant-bitcoin-coin-btc-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Global Regulators' Bold Moves to Ban Bitcoin Expose Flaws in Fiat Currency Systems]]></title> <link>https://www.bitcointoday.app/article/global-regulators-bold-moves-to-ban-bitcoin-expose-flaws-in-fiat-currency-systems</link> <guid>global-regulators-bold-moves-to-ban-bitcoin-expose-flaws-in-fiat-currency-systems</guid> <pubDate>Mon, 21 Oct 2024 12:01:11 GMT</pubDate> <description>< **Industry experts** are calling the recent regulators' paper one of the most aggressive in recent history. The **Federal Reserve Bank of Minneapolis** and **European Central Bank (ECB)** economists have made bold proposals aimed at potentially "eliminating" Bitcoin. ## Feds Propose Bitcoin Ban On **October 17**, the Federal Reserve Bank of Minneapolis released a [paper](https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits) suggesting that banning Bitcoin and imposing taxes on it could help governments sustain ongoing budget deficits. A **primary deficit** occurs when government spending exceeds revenue, excluding interest payments on existing debt. The paper emphasizes the notion of a **“permanent” primary deficit**, where governments intentionally continue outspending indefinitely. The researchers argue that Bitcoin creates a **“balanced budget trap”**, forcing governments to balance their budgets. Its **decentralized nature** is viewed as a challenge to fiscal policy, particularly for governments wanting to maintain permanent deficits. With its fixed supply and links to natural resources, Bitcoin acts as an alternative financial asset, complicating traditional fiscal strategies. The paper suggests either banning Bitcoin or introducing taxes as a form of financial repression, stating: > “A legal prohibition of bitcoin or a tax on bitcoin are forms of financial repression that may be useful when the ability of the government to use consumption taxes is limited.” ## ECB Economist Warns of Bitcoin’s Societal Impact On **October 20**, ECB economist **Jürgen Schaaf** raised concerns regarding the rising price of Bitcoin, arguing it disproportionately benefits early adopters. He warned that latecomers or non-holders could face significant economic disadvantages. > “The societal impact is real: “missing out” on Bitcoin is different than just a lost opportunity; it means actual impoverishment compared to a world without Bitcoin.” Schaaf suggested that non-holders should recognize that Bitcoin’s growth is fueled by **wealth redistribution**, which occurs at their expense. He called for policies to curb BTC’s expansion or eliminate it, warning that **pro-Bitcoin politicians** could skew wealth distribution further, threatening societal stability. ## Crypto Industry Responds These reports have ignited reactions from the crypto community, with several experts viewing them as a direct attack on Bitcoin. **Matthew Sigel**, Head of Digital Assets Research at [VanEck](https://cryptoslate.com/companies/vaneck/), remarked that the Minneapolis paper signifies an escalated effort to target Bitcoin. Despite the proposals, Sigel maintains that they do not alter VanEck’s forecast of Bitcoin adoption by central banks in the future. In July, VanEck predicted Bitcoin could reach **$2.9 million by 2050**, becoming integral to the global financial system. Bitcoin analyst **Tuur Demeester** expressed concern about the ECB’s paper, warning it could lead to stricter taxation and regulation of cryptocurrencies. He stated: > “In all the years I’ve been monitoring the bitcoin space, this is by far the most aggressive paper to come from authorities. The gloves are off.” > **[Editor’s Note:** Over **57%** of all Bitcoin is held by private individuals, while governments own roughly **2%**. Attempts to ban Bitcoin in the past have failed to hinder its growth due to its security design.]]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>regulation</category> <category>cryptocurrency</category> <category>globaleconomy</category> <category>ecb</category> <enclosure url="https://cryptoslate.com/wp-content/uploads/2024/10/bitcoin-ban.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[From Hope to Ruin: The Bitcoin Mining Nightmare in Kentucky's Appalachian Mountains]]></title> <link>https://www.bitcointoday.app/article/from-hope-to-ruin-the-bitcoin-mining-nightmare-in-kentuckys-appalachian-mountains</link> <guid>from-hope-to-ruin-the-bitcoin-mining-nightmare-in-kentuckys-appalachian-mountains</guid> <pubDate>Mon, 21 Oct 2024 12:01:11 GMT</pubDate> <description><![CDATA[On a **remote road** in Jenkins, Kentucky, a **large warehouse** owned by Mohawk Energy, co-founded by state senator Brandon Smith, stands empty, filled with **unpowered computers**. Initially, Mohawk's partnership with Chinese crypto exchange **Huobi** aimed to transform the facility into a bitcoin mining operation, promising **job creation** and tax revenue for a community hit hard by the decline of coal mining. However, the relationship soured, leading to **legal disputes** and financial woes for both parties. ### The Collapse of Promising Partnerships Smith envisioned a new future for Jenkins, but the partnership fell apart when **HBTPower** sued Mohawk for **contract breaches**, claiming failure to install necessary infrastructure and secure subsidies. In retaliation, Mohawk countersued for over **$700,000** in unpaid fees and damages. ### A Wider Trend of Failed Partnerships This dispute reflects a troubling trend of **failed bitcoin mining partnerships** between Chinese companies and small facility owners in rural America. Many owners are now left with **unpaid hosting fees** and energy bills, leading to significant financial distress. ### The Hasty Rise of Small Mining Operations The boom in small-scale mining operations was fueled by a **crypto mining ban in China**, leading many businesses to seek hosting solutions in the US. However, the rush to establish these partnerships often resulted in **poor planning** and **disputes** over payment terms, leaving many facilities in dire straits. ### Legal Challenges and Financial Recovery Recovering damages from foreign entities has proven difficult, especially when dealing with **special purpose entities** that have little to lose in the US. Even successful court cases may yield little financial recovery due to the lack of US assets. ### A Cautionary Tale As the legal battle drags on, Smith's hopes of revitalizing Jenkins through bitcoin mining seem dim. Experts suggest that such operations provide **minimal benefits** to rural communities, leaving many to wonder about the true impact of these ventures. Smith remains hopeful but acknowledges the **pain** this ordeal has caused for local families, as the facility stands idle, a stark reminder of what could have been.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>crypto</category> <category>mining</category> <category>kentucky</category> <category>legaldisputes</category> <enclosure url="https://media.wired.com/photos/670981994729e98a3f0fd49d/191:100/w_1280,c_limit/Kentucky-Farmers-Crypto-Mining-Duped-Business.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Yesway Expands Cryptocurrency Access with Kiosks in 45 Locations!]]></title> <link>https://www.bitcointoday.app/article/yesway-expands-cryptocurrency-access-with-kiosks-in-45-locations</link> <guid>yesway-expands-cryptocurrency-access-with-kiosks-in-45-locations</guid> <pubDate>Mon, 21 Oct 2024 16:01:11 GMT</pubDate> <description>< *© CoinFlip* The kiosks are being rolled out in several states including **Texas, South Dakota, New Mexico, Wyoming, and Iowa**. With this addition, CoinFlip will expand its network of over **5,000 kiosks** across **nine countries**. Alan Adato, Senior Manager of Merchandising and Procurement at Yesway, expressed enthusiasm about the partnership, stating, "We look forward to introducing CoinFlip to our customers seeking to purchase Bitcoin and other cryptocurrencies. CoinFlip will provide our customers the convenience of a seamless experience for buying or selling digital currencies." Yesway operates a total of **435 stores** across nine states, making it the **12th largest convenience store operator** in the U.S. This strategic move aims to cater to the growing demand for digital currency transactions among convenience store shoppers.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>yesway</category> <category>coinflip</category> <category>cryptocurrency</category> <category>kiosks</category> <category>digitalcurrency</category> <enclosure url="https://www.mobilityplaza.org/media/cache/640/bundles/app/images/39218/6712bbf53b1f5.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Elon Musk Drops a Surprise on XRP: Excitement in the Crypto Community!]]></title> <link>https://www.bitcointoday.app/article/elon-musk-drops-a-surprise-on-xrp-excitement-in-the-crypto-community</link> <guid>elon-musk-drops-a-surprise-on-xrp-excitement-in-the-crypto-community</guid> <pubDate>Mon, 21 Oct 2024 09:01:10 GMT</pubDate> <description>< *Cover image via U.Today*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>elonmusk</category> <category>xrp</category> <category>dogecoin</category> <category>cryptocurrency</category> <category>bitcoin</category> <enclosure url="https://u.today/sites/default/files/styles/twitterwithoutlogo/public/2024-10/s4539.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Is Bitcoin on the Verge of a Historic Bull Run? Targets Set Between $180k-$300k!]]></title> <link>https://www.bitcointoday.app/article/is-bitcoin-on-the-verge-of-a-historic-bull-run-targets-set-between-180k-300k</link> <guid>is-bitcoin-on-the-verge-of-a-historic-bull-run-targets-set-between-180k-300k</guid> <pubDate>Mon, 21 Oct 2024 16:01:10 GMT</pubDate> <description>< ## Key Insights - Despite relatively high **"Greed" levels** in the market, historical analogies suggest that Bitcoin can rally significantly, reminiscent of the **429% rally from September 2020**. - Technical indicators are revealing that Bitcoin has ample **upside potential**. The **weekly and daily RSI levels** indicate there is still room for further growth. - Short-term resistance is anticipated around the **$72k-$74k** range, but beyond that, Bitcoin has a clear path for a strong bullish advance. As we approach these critical levels, investors should stay vigilant and consider the potential for substantial gains in the coming months. The atmosphere is charged with optimism, and the momentum appears to be building for Bitcoin's next chapter in the cryptocurrency saga.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>bullmarket</category> <category>cryptocurrency</category> <category>marketanalysis</category> <category>technicalindicators</category> <enclosure url="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1409800468/image_1409800468.jpg?io=getty-c-w1536" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Protect Yourself from Malware as Bitcoin Prices Surge: Essential Tips and Strategies]]></title> <link>https://www.bitcointoday.app/article/protect-yourself-from-malware-as-bitcoin-prices-surge-essential-tips-and-strategies</link> <guid>protect-yourself-from-malware-as-bitcoin-prices-surge-essential-tips-and-strategies</guid> <pubDate>Fri, 18 Oct 2024 20:01:09 GMT</pubDate> <description><![CDATA[As the value of **Bitcoin** and other **cryptocurrencies** skyrockets, hackers are seizing the opportunity to exploit unsuspecting users. Over the past few months, some of the most dangerous **malware infections** in 30 years have infiltrated thousands of personal and business computers, leading to devastating consequences. ## How Hackers Are Targeting Victims Hackers are employing a variety of tactics to steal personal information and funds. Some of the most common methods include: - **Phishing Emails**: Hackers send out emails containing malicious links that appear legitimate. Clicking on these links takes users to fake websites designed to steal passwords. In addition, these sites can install malware that monitors your every move and sends your sensitive information, such as passwords and account details, directly to the hackers. - **SIM Hacks**: One of the newest and most dangerous threats is the **SIM hack**. In this method, hackers steal your phone number, which allows them to bypass **two-factor authentication (2FA)** that uses SMS text messaging. Once they have access to your phone number, they can gain control of your accounts, including cryptocurrency wallets, bank accounts, and more. To combat this, security experts recommend using an **authentication app** like **Google Authenticator**, which provides more secure two-factor authentication than SMS-based 2FA. ## How You Can Protect Yourself With these cyber threats on the rise, it’s essential to take proactive steps to protect your devices and accounts. Here are some tips to stay safe: - **Be cautious with emails**: Don’t click on any links or attachments from unfamiliar or suspicious senders. - **Use secure 2FA methods**: Avoid using SMS-based two-factor authentication for sensitive accounts and switch to an authenticator app like Google Authenticator. - **Keep your software updated**: Ensure that your operating system, antivirus software, and any other security tools are regularly updated to protect against new malware. - **Backup your data**: Regularly back up important files to an external drive or cloud service to safeguard against data loss in case of an attack. ## Free Malware Scanning at PC Laptops To help protect the community from these increasing cyber threats, **PC Laptops** is offering free virus and malware scans for anyone who brings in their desktop or laptop computer. This service comes with no obligation—just a simple way to ensure your device is free from harmful malware or viruses. **PC Laptops** also offers comprehensive virus and malware protection software to help safeguard your devices from future attacks. With cybercriminals on the rise, it’s more important than ever to take action before it’s too late. With the rise of cryptocurrency values, hackers are more motivated than ever to target vulnerable users. Don’t let them gain access to your personal information, bank accounts, or cryptocurrency wallets. Protect yourself by bringing your computer into any **PC Laptops** location today for a free scan, or visit **PCLaptops.com** for more information.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>malware</category> <category>cybersecurity</category> <category>cryptocurrency</category> <category>protection</category> <enclosure url="https://kutv.com/resources/media2/16x9/995/986/11x0/90/988977e0-e7b3-4c90-b6cc-6c1f1423238a-PCLaptops.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Bitcoin Soars 12% as Trump's Election Odds Ignite Crypto Enthusiasm]]></title> <link>https://www.bitcointoday.app/article/bitcoin-soars-12-as-trumps-election-odds-ignite-crypto-enthusiasm</link> <guid>bitcoin-soars-12-as-trumps-election-odds-ignite-crypto-enthusiasm</guid> <pubDate>Fri, 18 Oct 2024 02:01:10 GMT</pubDate> <description><![CDATA[## Bitcoin's Surge Amid Trump's Rising Odds Investors are buzzing with excitement as **Bitcoin** has surged **12%** since mid-September, coinciding with the rise of **Donald Trump's** election odds in betting markets. According to **Polymarket**, Trump's odds hit a low on September 18 but have since climbed, leading to a significant uptick in Bitcoin prices, which reached **$66,857** on Thursday afternoon. ### The Crypto-Friendly Stance of Trump Trump's crypto-friendly stance has fueled **investor enthusiasm** as he overtakes **Kamala Harris** in betting predictions. Billionaire investor **Stanley Druckenmiller** noted that the market shows strong conviction in Trump's potential victory, stating, "You can see it in the bank stocks, you can see it in crypto." ### Predictions for Bitcoin's Future Analyst **Gautam Chhugani** predicts that a Trump win could be monumental for the crypto industry, potentially driving Bitcoin to **$90,000**. He remarked, "Crypto is the rare instance, where the difference in election outcome could determine the destiny of the industry." Trump's long-standing support for crypto includes addressing the **Bitcoin Conference** and launching a new crypto token, **World Liberty Financial**. ### Market Dynamics and Speculation While Bitcoin is up **59% year-to-date**, there are concerns about the reliability of betting market predictions. Recent polls indicate a tight race, with both candidates nearly tied in key battleground states, raising questions about the accuracy of Trump's rising odds. Speculation has even arisen around a single "whale" betting **$25 million** on Trump, potentially skewing his odds in betting markets. In summary, the intersection of political dynamics and cryptocurrency could shape the future of Bitcoin, with investors eagerly watching the unfolding events.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>trump</category> <category>crypto</category> <category>market</category> <category>elections</category> <enclosure url="https://i.insider.com/67114782fd8ede6c99e3796e?width=1200&format=jpeg" length="0" type="image//67114782fd8ede6c99e3796e"/> </item> <item> <title><![CDATA[Unlocking the Secrets of Bitcoin Mining: What You Need to Know About Floor Hashprice]]></title> <link>https://www.bitcointoday.app/article/unlocking-the-secrets-of-bitcoin-mining-what-you-need-to-know-about-floor-hashprice</link> <guid>unlocking-the-secrets-of-bitcoin-mining-what-you-need-to-know-about-floor-hashprice</guid> <pubDate>Fri, 18 Oct 2024 00:01:09 GMT</pubDate> <description><![CDATA[## Understanding Bitcoin Mining and Floor Hashprice Bitcoin mining is a complex yet fascinating process that involves solving intricate mathematical problems to validate transactions on the Bitcoin network. One crucial concept in this realm is the **floor hashprice**, which determines the minimum revenue a miner can expect based on the current market conditions and mining difficulty. ### What is Floor Hashprice? The **floor hashprice** is a metric that reflects the profitability of mining Bitcoin. It is calculated by taking into account the **current Bitcoin price**, the **cost of electricity**, and the **network hash rate**. Understanding this metric is essential for miners as it helps them to gauge whether their mining operations are financially viable. ### Why is it Important? 1. **Profitability Assessment**: By analyzing the floor hashprice, miners can make informed decisions about whether to continue mining or shut down their operations. 2. **Market Dynamics**: The floor hashprice can fluctuate based on changes in Bitcoin's price and mining difficulty. Keeping an eye on these changes can help miners strategize effectively. 3. **Investment Decisions**: Investors looking to enter the mining space should consider the floor hashprice as a key factor in their investment analysis. ### Conclusion In conclusion, understanding the floor hashprice is vital for anyone involved in Bitcoin mining. It not only helps miners assess their operations but also provides insights into the broader **cryptocurrency market dynamics**. As the landscape of Bitcoin continues to evolve, staying informed about such metrics will be crucial for success in this exciting field.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>mining</category> <category>cryptocurrency</category> <category>floorhashprice</category> <category>profitability</category> <enclosure url="https://www.etftrends.com/favicon.ico" length="0" type="image/ico"/> </item> <item> <title><![CDATA[Is Bitcoin on the Verge of a Major Breakout? Insights from VanEck's October Analysis]]></title> <link>https://www.bitcointoday.app/article/is-bitcoin-on-the-verge-of-a-major-breakout-insights-from-vanecks-october-analysis</link> <guid>is-bitcoin-on-the-verge-of-a-major-breakout-insights-from-vanecks-october-analysis</guid> <pubDate>Fri, 18 Oct 2024 12:01:09 GMT</pubDate> <description>< *We believe bitcoin is set for a breakout due to increased BTC holdings by miners, rising corporate treasury investments, and higher Bitcoin ETP flows.* ### Key Takeaways for Mid-September – Mid-October - **Increased BTC Holdings**: Miners’ increased holdings suggest confidence in future price movements. - **Rising Investments**: The trend of corporate treasury investments in bitcoin is gaining momentum. - **Market Dynamics**: Institutional activity is playing a crucial role in shaping bitcoin's price trajectory. *Please note that VanEck has exposure to bitcoin.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>marketanalysis</category> <category>vaneck</category> <category>cryptocurrency</category> <category>investments</category> <enclosure url="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1488104305/image_1488104305.jpg?io=getty-c-w1536" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[BlackRock's Larry Fink Sparks a Bitcoin Revival: What You Need to Know!]]></title> <link>https://www.bitcointoday.app/article/blackrocks-larry-fink-sparks-a-bitcoin-revival-what-you-need-to-know</link> <guid>blackrocks-larry-fink-sparks-a-bitcoin-revival-what-you-need-to-know</guid> <pubDate>Fri, 18 Oct 2024 19:01:08 GMT</pubDate> <description><![CDATA[### Larry Fink Ignites the Crypto Market This week, **Larry Fink**, CEO of **BlackRock**, made waves in the cryptocurrency world with his comments that helped fuel a significant **Bitcoin rally**. His comparison of Bitcoin's evolution to the **mortgage-backed securities** market of the 1980s electrified crypto enthusiasts, prompting many to speculate on why the cryptocurrency **will rise rapidly**. ### The Power of BlackRock in the Crypto Space BlackRock, the world's leading investment firm, manages the largest **Bitcoin exchange-traded fund (ETF)**, boasting over **$25 billion** in net assets. Fink's remarks have shown how influential his views can be on the market. He emphasized that the **regulatory environment** is not the primary driver of Bitcoin's growth; instead, it's about **analytics and data**. ### Bitcoin's Recent Surge In the past week alone, Bitcoin surged by **11%**, nearing the **$70,000** mark, a level it last reached in June. This year, Bitcoin has risen **61%**, indicating a robust market with even **memecoins** experiencing dramatic growth. ### Key Takeaways from Fink’s Insights - Fink highlighted that **analytics and data** will propel the growth of Bitcoin, similar to how they did for mortgage bonds. - His comments suggest that the **future of Bitcoin** is not solely dependent on regulatory actions. - The cryptocurrency market is showing signs of increased enthusiasm, with even the most obscure coins seeing significant gains. Fink's perspective has provided a fresh reason for investors to be optimistic about Bitcoin's trajectory, contributing to a more **bullish sentiment** in the market.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>blackrock</category> <category>larryfink</category> <category>cryptomarket</category> <category>investment</category> <enclosure url="https://www.dlnews.com/resizer/v2/VXZZE3VHOZHKDNJURSY7VUCLVE.jpg?smart=true&auth=1a8f0234a30ce3c7623317e8009ee93373de037db8c56ac29f9bc16b2df3fa24&width=1200&height=630" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Young Hacker Arrested for SEC X Account Breach That Manipulated Bitcoin Prices]]></title> <link>https://www.bitcointoday.app/article/young-hacker-arrested-for-sec-x-account-breach-that-manipulated-bitcoin-prices</link> <guid>young-hacker-arrested-for-sec-x-account-breach-that-manipulated-bitcoin-prices</guid> <pubDate>Fri, 18 Oct 2024 01:01:09 GMT</pubDate> <description><![CDATA[### SEC Account Hacked by 25-Year-Old A **25-year-old** from Alabama, **Eric Council Jr.**, was arrested for hacking the **SEC’s X account** in January, which caused a **$1,000 spike** in Bitcoin's value, as reported by the Justice Department. This incident occurred on **January 9**, just before the SEC's anticipated approval of **spot Bitcoin exchange-traded funds**. ### The Hack and Its Consequences The hackers used the compromised account to **falsely announce** that the SEC had approved the trading of Bitcoin ETFs. SEC Chair **Gary Gensler** quickly refuted the claim, stating that the SEC had not approved such listings. The **phony post** was deleted 25 minutes later, but it was enough to prompt investors to rush in, causing Bitcoin's price to rise by **$1,000** before correcting and falling by **$2,000**. ### Charges Against Council Council, known online as **“Ronin,” “AGiantSchnauzer,”** and **@Easymunny**, faces charges of **aggravated identity theft** and **access device fraud**. The indictment claims he manipulated Bitcoin prices through this hack. The method used was a **“SIM swap”**, allowing criminals to bypass multi-factor authentication and take control of the account. ### The SIM Swap Attack A **SIM swap attack** involves fraudulently convincing a carrier to reassign a phone number to a different SIM card controlled by the hacker. Council allegedly impersonated an individual with access to the SEC account by creating a **fake ID**, enabling him to access the account linked to the victim's phone number. ### Payment in Bitcoin For his involvement in the hack, Council received payment in **Bitcoin**. During the investigation, it was found that he searched terms like **“SECGOV hack”** and **“federal identity theft statute”** on his personal computer. ### FBI's Statement FBI Acting Special Agent in Charge **Geist** stated that the unauthorized actions of Council manipulated the **global financial market**. The FBI is committed to bringing those who violate U.S. laws to justice. ### Potential Penalties If convicted, Council faces up to **five years in prison** for his actions.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>sec</category> <category>bitcoin</category> <category>hacking</category> <category>cryptocurrency</category> <category>simswap</category> <enclosure url="https://fortune.com/img-assets/wp-content/uploads/2024/10/Crypto-Criminals-5.jpg?resize=1200,600" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Elon Musk's Stark Warning: Is the U.S. Headed for Bankruptcy and What It Means for Bitcoin?]]></title> <link>https://www.bitcointoday.app/article/elon-musks-stark-warning-is-the-us-headed-for-bankruptcy-and-what-it-means-for-bitcoin</link> <guid>elon-musks-stark-warning-is-the-us-headed-for-bankruptcy-and-what-it-means-for-bitcoin</guid> <pubDate>Fri, 18 Oct 2024 13:01:09 GMT</pubDate> <description><]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>elonmusk</category> <category>bitcoin</category> <category>useconomy</category> <category>bankruptcywarning</category> <category>cryptocurrency</category> <enclosure url="https://imageio.forbes.com/specials-images/imageserve/671227841b0887bd5a05283e/0x0.jpg?format=jpg&crop=937,664,x282,y137,safe&height=900&width=1600&fit=bounds" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Unlocking Advanced Security Features for Bitcoin Trading with IPYE]]></title> <link>https://www.bitcointoday.app/article/unlocking-advanced-security-features-for-bitcoin-trading-with-ipye</link> <guid>unlocking-advanced-security-features-for-bitcoin-trading-with-ipye</guid> <pubDate>Fri, 18 Oct 2024 17:01:09 GMT</pubDate> <description>< ## Innovative Security Measures for Bitcoin Transactions The newly implemented security measures include **advanced cold and hot wallet separation**, ensuring that the majority of user funds are stored **offline**, minimizing exposure to potential cyber threats. Hot wallets, used for everyday transactions, will only hold a minimal amount of funds necessary for trading, thus reducing hacking risks and ensuring user accessibility. Additionally, IPYE has introduced **multi-signature protocols**, requiring multiple approvals for transactions, creating an extra layer of security. This feature safeguards funds by requiring confirmation from several key holders before executing any transaction, significantly reducing the risk of unauthorized access. These innovations are timely, as Bitcoin is increasingly viewed as a **safe haven** during economic uncertainty. By implementing these robust protocols, IPYE aims to provide traders with peace of mind, allowing them to concentrate on their investment strategies without worrying about asset safety. ## Real-Time Monitoring and Enhanced User Control IPYE is also launching **real-time security monitoring**, operating 24/7 to detect and respond to threats instantly. Utilizing advanced analytics and **machine learning algorithms**, this system identifies unusual activity and alerts the security team for immediate action, ensuring user funds remain protected. Moreover, users will gain greater control over their Bitcoin holdings through enhanced **private key management** options, allowing them to manage their assets more securely. This feature enables individuals to generate and store their private keys **offline**, reinforcing the decentralized ethos of cryptocurrency. ## Commitment to User Education and Support Accompanying these technological advancements, IPYE is launching a series of **educational resources** to empower users with knowledge about new security features and best practices for safe trading. Resources will include webinars, tutorials, and detailed guides on secure wallet practices and recognizing phishing attempts. Additionally, IPYE will provide dedicated **customer support** to assist users in navigating the new features, demonstrating a commitment to understanding the challenges traders face in the evolving cryptocurrency landscape. ## Future-Proofing Bitcoin Trading With these innovative security enhancements, IPYE is poised to lead in cryptocurrency trading, especially for Bitcoin, increasingly regarded as **digital gold**. The platform’s commitment to security and user empowerment will facilitate the growth of the digital economy, ensuring both new and experienced traders can navigate the market confidently. As Bitcoin continues to transform the financial landscape, it is vital for trading platforms to adapt to sophisticated cyber threats. IPYE has proactively taken steps to protect its users, safeguarding individual assets and contributing to the overall integrity of the cryptocurrency market.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>ipye</category> <category>cryptosecurity</category> <category>digitaleconomy</category> <category>blockchain</category> <enclosure url="https://ml.globenewswire.com/Resource/Download/5297310a-464b-47a9-81cb-01d94641fefd" length="0" type="image//Resource/Download/5297310a-464b-47a9-81cb-01d94641fefd"/> </item> <item> <title><![CDATA[Is Bitcoin Losing Momentum? Analyst Weighs In on Its Recent Performance]]></title> <link>https://www.bitcointoday.app/article/is-bitcoin-losing-momentum-analyst-weighs-in-on-its-recent-performance</link> <guid>is-bitcoin-losing-momentum-analyst-weighs-in-on-its-recent-performance</guid> <pubDate>Fri, 18 Oct 2024 19:01:08 GMT</pubDate> <description>< *Credits to Fidelity.* ### Recent Price Trends Recently, Bitcoin's price has **flattened**, remaining between **$60,000 to $70,000** since late February, with the number of addresses holding at least **$1** stagnating at **46 million**. Despite a steep gain at the beginning of the year—driven by the anticipation of **ETFs**—the index is up **55.65% year-to-date**. ### The Future of Bitcoin If Bitcoin has indeed matured and become less susceptible to **boom-bust swings**, its **adoption curve** will ultimately dictate its future price movement. Timmer concludes that while a potential **acceleration** in growth may be on the horizon—especially if the world moves towards **fiscal dominance**—currently, **gold** is **"stealing the show"**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>gold</category> <category>marketanalysis</category> <category>investment</category> <category>cryptocurrency</category> <enclosure url="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1272633620/image_1272633620.jpg?io=getty-c-w750" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Unveiling Kraken Wrapped Bitcoin (kBTC): The Future of Bitcoin in DeFi and Beyond!]]></title> <link>https://www.bitcointoday.app/article/unveiling-kraken-wrapped-bitcoin-kbtc-the-future-of-bitcoin-in-defi-and-beyond</link> <guid>unveiling-kraken-wrapped-bitcoin-kbtc-the-future-of-bitcoin-in-defi-and-beyond</guid> <pubDate>Thu, 17 Oct 2024 13:01:11 GMT</pubDate> <description>< constantly challenges us to find innovative ways to accelerate the global adoption of crypto. **Kraken Bitcoin (kBTC)** builds upon Bitcoin’s fundamental strengths – **security**, **scarcity**, and its role as a **store of value** – and extends its utility further into **DeFi** and beyond. **What is kBTC?** kBTC is a fully backed, cross-network-compatible **ERC-20 token**. Each kBTC token is backed **1:1 by Bitcoin**, securely held in Kraken’s custody. Clients can verify this by [inspecting our reserves onchain](https://mempool.space/address/bc1qqwf6hexnnswmj6yuhz5xyj20frtp8exv7mclck). **Why kBTC?** We’ve [always](https://blog.kraken.com/news/kraken-is-born) championed the transformative potential of Bitcoin, the original and most resilient digital asset. With kBTC, you’re getting Kraken’s **13+ years of industry-leading custody infrastructure**, ensuring that kBTC is backed **1:1 by Bitcoin**, securely stored and always accessible. ### Kraken’s Best-in-Class Custody Procedures Kraken’s full-reserve practices and regulated framework provide an unparalleled level of **security and trust**. Each kBTC token is backed **1:1** by Bitcoin held at [Kraken Financial](https://www.kraken.com/financial), a Wyoming-chartered **SPDI (Special Purpose Depository Institution)**. ### Don’t Trust – Verify! We encourage you to [inspect our onchain reserves](https://mempool.space/address/bc1qqwf6hexnnswmj6yuhz5xyj20frtp8exv7mclck) and independently verify the transparency and security built into kBTC. ### Security and Transparency at the Core of kBTC kBTC’s ERC-20 smart contract was rigorously evaluated by **Trail of Bits**, an external security auditing firm. This audit ensured our codebase and client architecture are free from potential vulnerabilities. ### Benefits of kBTC kBTC transforms Bitcoin’s utility by allowing it to seamlessly integrate into **Ethereum**, **OP Mainnet**, and beyond, with plans for compatibility with additional networks, including non-EVM ecosystems. Whether you’re a developer enhancing your dApps with Bitcoin or an investor seeking to broaden your onchain portfolio, kBTC provides a **secure, fully-backed solution** that unlocks Bitcoin’s unparalleled value across diverse ecosystems. Our Day 1 launch partners include [deBridge](https://debridge.finance/), [Definitive](https://www.definitive.fi/), [Gauntlet](https://www.gauntlet.xyz/), [ParaSwap](https://www.paraswap.io/), and [Yearn](https://yearn.fi/). ### Kraken’s Commitment to the Future of Bitcoin With kBTC, we bring the power of Bitcoin to new networks, underpinned by the trust and security expertise Kraken has established over the last decade. We believe kBTC reinforces Bitcoin’s position as the **epicenter of crypto**, empowering builders to explore new ways to use Bitcoin and pushing the entire ecosystem forward. Join us in this journey as we push the boundaries of what’s possible with Bitcoin, ensuring it remains the bedrock of the crypto industry for generations to come. **Ready to trade but don’t have a Kraken account yet? Sign up today!**]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>kbtc</category> <category>kraken</category> <category>bitcoin</category> <category>defi</category> <category>erc20</category> <enclosure url="https://blog.kraken.com/wp-content/uploads/2024/09/Blogpost.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[The Man Who Might Have Thrown Away $500 Million in Bitcoin: His Legal Battle for a Lost Treasure]]></title> <link>https://www.bitcointoday.app/article/the-man-who-might-have-thrown-away-500-million-in-bitcoin-his-legal-battle-for-a-lost-treasure</link> <guid>the-man-who-might-have-thrown-away-500-million-in-bitcoin-his-legal-battle-for-a-lost-treasure</guid> <pubDate>Thu, 17 Oct 2024 14:01:10 GMT</pubDate> <description><![CDATA[### The Incredible Story of James Howells For the past decade, **James Howells**, a 39-year-old resident of Newport, Wales, has been on a desperate quest to recover a hard drive that he accidentally tossed into the trash in **2013**. This was no ordinary hard drive; it contained **7,500 Bitcoin**, which, due to the cryptocurrency's astronomical rise, is now valued at over **$500 million**. ### The City Council's Reluctance Despite Howells' persistent requests, the **Newport City Council** has repeatedly denied him permission to search the local landfill. Officials argue that digging through the dump would breach environmental regulations and could harm the surrounding ecosystem. ### A Legal Battle Unfolds In a bid to compel the council to allow him to search the landfill, Howells has taken legal action, suing for **£495,314,800** in damages—an amount roughly equivalent to the value of his lost Bitcoin. Interestingly, Howells claims he doesn’t want the money; he simply wants to retrieve his hard drive. ### A Costly Pursuit Over the past ten years, Howells has invested significant time and resources into this pursuit, even quitting his IT job and assembling a team of investors. If successful, they plan to share the profits, with Howells retaining about **30%** of the value. ### The Community Impact Howells asserts that, should he recover the hard drive, he intends to share a portion of the profits with the local community. He has made humorous claims about the potential transformation of Newport, suggesting that if he had received assistance back in **2013**, the city could resemble **Las Vegas** or **Dubai** today. ### The Council's Stance In response to Howells' claims, the Newport City Council reiterated that excavation is not permissible under their environmental permit and emphasized that they are the only authorized body to conduct operations at the site. ### The Risks of His Quest It’s crucial to consider the risks involved in this endeavor. The hard drive may very well be **lost forever** or **corrupted**, rendering it unusable. If that’s the case, Howells may have wasted years and substantial funds on a seemingly futile quest. However, if he succeeds, he could reclaim his wealth and never have to work again, explaining his unwavering determination. ### A Glimpse into the Future This story is a fascinating intersection of **cryptocurrency**, **law**, and the lengths to which individuals will go to reclaim their fortunes. As Howells continues his battle against the council, the outcome remains uncertain, but it certainly captivates the imagination of many in the crypto community.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>legalnews</category> <category>investing</category> <category>newport</category> <enclosure url="https://gizmodo.com/app/uploads/2024/10/A-landfill-in-Newport-Wales.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Worldcoin Rebrands to World: A New Era of Iris-Scanning Technology and AI Integration]]></title> <link>https://www.bitcointoday.app/article/worldcoin-rebrands-to-world-a-new-era-of-iris-scanning-technology-and-ai-integration</link> <guid>worldcoin-rebrands-to-world-a-new-era-of-iris-scanning-technology-and-ai-integration</guid> <pubDate>Thu, 17 Oct 2024 21:01:10 GMT</pubDate> <description>< ]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>worldcoin</category> <category>ai</category> <category>blockchain</category> <category>cryptocurrency</category> <category>samaltman</category> <enclosure url="https://techcrunch.com/wp-content/uploads/2024/10/GettyImages-2174797696.jpg?resize=1200,800" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Exchange Reserves Plummet to Historic Lows: What It Means for Investors]]></title> <link>https://www.bitcointoday.app/article/bitcoin-exchange-reserves-plummet-to-historic-lows-what-it-means-for-investors</link> <guid>bitcoin-exchange-reserves-plummet-to-historic-lows-what-it-means-for-investors</guid> <pubDate>Thu, 17 Oct 2024 14:01:10 GMT</pubDate> <description><. However, there are a few caveats regarding this data. The records only date back to mid-October 2021, making it unclear how long reserves have been at this low level. Additionally, the latest metrics are from mid-September. **CoinMarketCap's** research lead, **Alice Liu**, explained that this delay in data sharing is intentional, instituted following the **collapse of the FTX exchange**. Several factors may influence the current level of **Bitcoin** on exchanges. The **Mt. Gox** trustee has announced yet another delay in distributing remaining funds to creditors, postponing the deadline to **October 31, 2025**. Despite some creditors being repaid, wallets linked to the estate still hold **44,905 BTC**, valued at approximately **$3 billion**, according to **Arkham Intelligence**. Another influential factor is **Babylon**, a Bitcoin staking protocol that recently reopened for additional BTC deposits, successfully attracting around **$1.4 billion** in coins. Babylon aims to enhance Bitcoin's utility by launching a **proof-of-stake marketplace** that allows third-party protocols to leverage it for security. Alice Liu noted that a decline in Bitcoin reserves on exchanges typically signifies a **shift in investor sentiment**. She explained, "Fewer coins available on exchanges creates **scarcity**, leading to **upward pressure on prices**." This situation may also result in a lower supply of coins for trading, potentially increasing market **volatility**. Historically, falling exchange reserves have been correlated with **retail investors** adopting a long-term holding strategy. Moving assets off-exchange to **cold storage** reduces impulsive selling, reinforcing the notion that investors are committed to long-term holding. Notably, while this trend was previously driven by retail participants, institutional investors are increasingly influencing this cycle. Liu stated, "Investors are once again pulling Bitcoin off exchanges, which could indicate the **start of an accumulation phase** in the current market cycle." **Shubh Varma**, co-founder and CEO of **Hyblock Capital**, emphasized that while Bitcoin exchange reserves are reaching historic lows, the common interpretation of this trend requires a more nuanced approach. He pointed out a noticeable increase in buying pressure, particularly in the **derivatives market**, indicating that traders might be leveraging rather than merely shifting BTC to cold storage. This implies that much of the recent Bitcoin price action has been driven by **leveraged trading**, raising concerns about market health. Varma concluded that the increased leverage could lead to heightened **volatility**, especially with upcoming events such as the **U.S. elections** looming.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>marketanalysis</category> <category>cryptocurrency</category> <category>investorsentiment</category> <category>blockchain</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2024/03/bitcoin-btc-golden-sitting-on-cash-usd-scaled-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Inside the Shocking $230 Million Bitcoin Heist: Kidnapping, Lavish Spending, and Exotic Cars]]></title> <link>https://www.bitcointoday.app/article/inside-the-shocking-230-million-bitcoin-heist-kidnapping-lavish-spending-and-exotic-cars</link> <guid>inside-the-shocking-230-million-bitcoin-heist-kidnapping-lavish-spending-and-exotic-cars</guid> <pubDate>Thu, 17 Oct 2024 19:01:10 GMT</pubDate> <description>< *Jakub Porzycki | NurPhoto via Getty Images* On **August 18**, the cyber heist left the victim's Bitcoin holdings significantly compromised, with at least **$100 million** still missing. Authorities are now investigating a **kidnapping** that occurred a week later, suspecting it may be linked to the crypto theft. ## The Kidnapping Connection On **August 25**, a Connecticut couple was kidnapped while house hunting, leading investigators to explore a possible ransom plot involving their son, who is under scrutiny for potential involvement in the crypto heist. Detective Sgt. Steven Castrovinci described the case as unprecedented in his 20 years of experience. ## Arrests Made On **September 19**, the FBI arrested **Malone Lam** and **Jeandiel Serrano** on conspiracy charges related to the theft and laundering of the stolen Bitcoin. Serrano, known online as **“VersaceGod,”** was found wearing a **$500,000 watch** at his arrest. Both men have confessed to their roles in the heist. ## The Cyber Heist Explained The scheme involved sophisticated social engineering tactics, where the conspirators manipulated the victim into revealing sensitive information. They posed as Google security personnel to gain access to the victim's financial data and ultimately stole over **4,100 Bitcoin**. ## Lavish Spending in Los Angeles After the theft, Serrano and Lam indulged in a **lavish lifestyle** in Los Angeles, with Lam reportedly spending **$400,000-$500,000 per night** at clubs. He purchased **31 luxury cars**, but many remain unaccounted for, including a **$3.8 million Pagani Huayra**. ## A Shocking Kidnapping Incident The kidnapping incident involved a violent abduction where the victims were threatened and bound before being left behind in a crashed van. Authorities arrested six suspects linked to the kidnapping, but the investigation into the son’s potential involvement in the crypto heist continues. This case highlights the dangerous intersection of **cryptocurrency crime** and violent crime, raising questions about the safety and security of digital assets in the hands of individuals. ## Current Status As of now, about **$70 million** has been recovered or frozen, but over **$100 million** remains unaccounted for. Serrano has agreed to return **$20 million** of the stolen Bitcoin, but the investigation is ongoing as authorities seek to uncover the full extent of the crime and any remaining assets. ]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>theft</category> <category>crime</category> <category>investigation</category> <enclosure url="https://image.cnbcfm.com/api/v1/image/106930253-1629367715182-gettyimages-1234739851-porzycki-internet210817_npTeY.jpeg?v=1729092875&w=1920&h=1080" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Could Trump's Re-election Spark a Bitcoin ETF Inflow Boom? Discover the Potential Impact!]]></title> <link>https://www.bitcointoday.app/article/could-trumps-re-election-spark-a-bitcoin-etf-inflow-boom-discover-the-potential-impact</link> <guid>could-trumps-re-election-spark-a-bitcoin-etf-inflow-boom-discover-the-potential-impact</guid> <pubDate>Thu, 17 Oct 2024 02:01:09 GMT</pubDate> <description>< **Bitcoin ETFs** have been witnessing **record inflows** amid a broader market recovery, reflecting growing **investor optimism** in the cryptocurrency space. With political shifts favoring a more **pro-crypto stance** from Republicans, many are speculating on the potential impacts of a **Donald Trump re-election** on Bitcoin ETF inflows. ## Bitcoin ETF Update On October 15, Bitcoin ETFs recorded a remarkable **$371 million** in inflows, with **BlackRock’s IBIT** leading the charge at **$288.8 million**. Other notable ETFs included **Fidelity’s FBTC** at **$35 million**, **Ark 21Shares’ ARK ETF** with **$14.7 million**, and **Grayscale’s GBTC** at **$13.4 million**. Notably, while some ETFs did not see inflows, none reported outflows, indicating a **growing interest** in Bitcoin-based investments. Just a day prior, Bitcoin ETFs had their **highest single-day net inflows since June**, totaling **$555.9 million**, with FBTC contributing **$239.3 million**—its largest inflow since June 4. This surge comes as Bitcoin trades at **$67,823.08**, having risen **3.56%** in 24 hours and **9.44%** over the past week, fueling speculation about another **all-time high**. ## CoinShares Links Inflows to Elections A recent report by **CoinShares** highlighted a significant uptick in digital asset inflows, totaling **$407 million**, attributed to rising investor interest in light of the potential for a **Republican win**. Investors are increasingly optimistic that a GOP-led administration could lead to favorable **regulatory changes** for the crypto industry. The report stated: > “Digital asset investment products saw inflows of **US$407m**, as investor decisions have likely been more influenced by the upcoming US elections than by monetary policy outlooks.” The correlation between political developments and capital flows suggests that the upcoming elections are a pivotal factor in shaping the future of digital assets. ## Executive Insights **Nate Geraci**, President of ETF Store, emphasized the potential impact of the U.S. elections on the digital assets industry, stating: > “46% agree that crypto & blockchain are the future of finance. **34%** said they were considering candidates’ crypto positions before voting.” As Trump solidifies his position as the Republican candidate, the final stretch leading to the elections is poised to bring significant developments for the cryptocurrency sector.  ]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>etfs</category> <category>trump</category> <category>crypto</category> <category>markettrends</category> <enclosure url="https://ambcrypto.com/wp-content/uploads/2024/10/Political-climate-boosts-Bitcoin-ETFs-1000x600.webp" length="0" type="image/webp"/> </item> <item> <title><![CDATA[What If You Had Invested $1,000 in Bitcoin When Mark Cuban Made His Bold Call? The Shocking Returns Revealed!]]></title> <link>https://www.bitcointoday.app/article/what-if-you-had-invested-1-000-in-bitcoin-when-mark-cuban-made-his-bold-call-the-shocking-returns-revealed</link> <guid>what-if-you-had-invested-1-000-in-bitcoin-when-mark-cuban-made-his-bold-call-the-shocking-returns-revealed</guid> <pubDate>Thu, 17 Oct 2024 09:01:10 GMT</pubDate> <description>< ### The Investment Scenario If you had invested **$1,000** in Bitcoin at the high price of **$5,603.82** on October 18, 2017, you would have acquired **0.1784 BTC**. Today, that investment would be worth **$11,838.45**, marking an astonishing **1,083.8% increase**. Cuban also mentioned **Ethereum** (CRYPTO: ETH). A **$1,000** investment at the price of **$314.32** could have bought **3.1815 ETH**, which would now be valued at **$8,232.67**, a **723.3% gain**. ### Diversified Investment If one had split the **$1,000** equally, purchasing both cryptocurrencies, the total worth today would be approximately **$10,035.43**, reflecting a **903.5% increase**. ### Comparing with Traditional Investments In contrast, investing **$1,000** in the **SPDR S&P 500 ETF Trust** would have grown to **$2,276.32**, a mere **127.6% increase**. This illustrates how significantly cryptocurrencies have outperformed traditional stock market investments. ### Cuban's Advisory Perspective Cuban's advice, which included treating cryptocurrency investments like collectibles, emphasizes the importance of being prepared for potential losses. He suggests that investors should only use funds they can afford to lose, positioning them as high-risk but potentially rewarding ventures. ### Conclusion Mark Cuban's insights into cryptocurrency investments and their remarkable returns highlight the potential of putting a small amount of money into these digital assets. Despite the volatility of the market, the long-term gains can be substantial, demonstrating that a calculated risk can lead to significant financial rewards.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>markcuban</category> <category>bitcoin</category> <category>ethereum</category> <category>investment</category> <category>cryptocurrency</category> <enclosure url="https://media.zenfs.com/en/benzinga_79/91b0d1bc275ba1ffac064a72e2d197a3" length="0" type="image//en/benzinga_79/91b0d1bc275ba1ffac064a72e2d197a3"/> </item> <item> <title><![CDATA[Warning: Newtown Residents Targeted by Bitcoin Scam Attempts!]]></title> <link>https://www.bitcointoday.app/article/warning-newtown-residents-targeted-by-bitcoin-scam-attempts</link> <guid>warning-newtown-residents-targeted-by-bitcoin-scam-attempts</guid> <pubDate>Thu, 17 Oct 2024 12:01:09 GMT</pubDate> <description><![CDATA[### Newtown Police Issue Warning on Bitcoin Scams Newtown Township police are **alerting** residents about a **surge** in **bitcoin scam** attempts targeting the community. Reports have been filed, and authorities are concerned about the methods used by the scammers. ### How the Scam Works According to police, an **unknown individual** has been reaching out to residents after acquiring their addresses from **public records**. They may contact you claiming that your **computer is infected**. **Important:** If you receive such a message, **do not respond**! ### Tactics Used by Scammers Scammers might even use images sourced from **Google Earth** to show your home, making their threats seem more credible. Police emphasize that these individuals will attempt to **intimidate** you into providing **bitcoin payments**. > “They will attempt to threaten you until you provide them with bitcoin money. **DO NOT** respond, engage them, or provide any money! This is a common scam,” police stated in a social media post.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>newtown</category> <category>bitcoin</category> <category>scam</category> <category>policewarning</category> <category>cryptocurrency</category> <enclosure url="https://www.delcotimes.com/wp-content/uploads/2023/10/DTD-L-COPSHOOTING-1013-2-01.jpg?w=1024&h=806" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Shocking Arrest: Athens Man Charged in SEC Account Hack!]]></title> <link>https://www.bitcointoday.app/article/shocking-arrest-athens-man-charged-in-sec-account-hack</link> <guid>shocking-arrest-athens-man-charged-in-sec-account-hack</guid> <pubDate>Thu, 17 Oct 2024 18:01:12 GMT</pubDate> <description><![CDATA[### Unraveling the SEC Hack An **Athens man** has been arrested for his alleged involvement in a **cyberattack** that targeted the **Securities and Exchange Commission (SEC)** in January. This incident has raised significant concerns about the security of online financial institutions and the implications for investors. ### Details of the Incident The suspect reportedly gained unauthorized access to the SEC's **X account**, compromising sensitive information and potentially impacting regulatory operations. Authorities have yet to disclose the full extent of the breach and the information that may have been accessed. ### Legal Consequences As investigations continue, the arrested individual faces serious charges that could lead to substantial legal repercussions if found guilty. This case highlights the ongoing battle against **cybercrime** in the financial sector and the need for enhanced security measures. ### Implications for Investors This incident serves as a reminder of the vulnerabilities that exist within digital platforms. Investors must remain vigilant and informed about the security practices of the institutions they engage with, especially as **cryptocurrency** markets continue to grow and evolve.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>sec</category> <category>cybercrime</category> <category>investors</category> <category>digitalsecurity</category> <category>bitcoin</category> <enclosure url="https://whnt.com/wp-content/themes/the-hill/assets/the-hill-logo-horizontal.svg" length="0" type="image/svg"/> </item> <item> <title><![CDATA[Is Your Connection Safe? Understanding Security Measures in Cryptocurrency Transactions]]></title> <link>https://www.bitcointoday.app/article/is-your-connection-safe-understanding-security-measures-in-cryptocurrency-transactions</link> <guid>is-your-connection-safe-understanding-security-measures-in-cryptocurrency-transactions</guid> <pubDate>Thu, 17 Oct 2024 18:01:12 GMT</pubDate> <description>< When you encounter messages like "**Verifying you are human. This may take a few seconds**," it is a reminder that security protocols are in place to protect both the user and the platform. **Cybersecurity** is critical, especially in the realm of digital currencies where **scams** and **fraud** are prevalent. ### Why Security Matters A secure connection helps in: - Protecting sensitive information - Preventing hacking attempts - Ensuring a safe trading environment As the cryptocurrency market continues to grow, maintaining robust security measures will be vital for the future of digital transactions.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>security</category> <category>cryptocurrency</category> <category>technology</category> <category>fraud</category> <category>digitalcurrency</category> <enclosure url="https://www.axios.com/favicon.ico" length="0" type="image/ico"/> </item> <item> <title><![CDATA[Tesla Moves $765 Million in Bitcoin: What Does It Mean for the Future?]]></title> <link>https://www.bitcointoday.app/article/tesla-moves-765-million-in-bitcoin-what-does-it-mean-for-the-future</link> <guid>tesla-moves-765-million-in-bitcoin-what-does-it-mean-for-the-future</guid> <pubDate>Wed, 16 Oct 2024 00:01:09 GMT</pubDate> <description><![CDATA[### Tesla's Bitcoin Movement **Tesla**, the electric car company led by **Elon Musk**, has made headlines by transferring nearly all of its **Bitcoin** holdings after a **two-year period of inactivity**. On Tuesday, wallets associated with Tesla moved approximately **$765 million** worth of Bitcoin to unknown wallets. Notably, only about **$6** remained in the original wallets. These new wallets are not linked to any known **crypto exchanges**, leading to speculation that Tesla is not planning to sell its Bitcoin. ### Background on Tesla's Bitcoin Holdings In **2020**, Tesla revealed it had acquired **$1.5 billion** in Bitcoin but sold about **10%** of its holdings in Q1 2021. Subsequently, in **July 2022**, the company sold approximately **75%** of its remaining Bitcoin as the price had dropped significantly from its all-time high of **$69,000** in **November 2021**, to around **$24,000** at the time of the sale. However, the value of Tesla's remaining Bitcoin has surged, with the current price hovering around **$66,500**. ### Tesla's Mixed Relationship with Bitcoin Tesla's relationship with Bitcoin has been complex. In **2021**, the company announced it would accept Bitcoin as payment for vehicles but quickly reversed this decision, citing the **environmental impact** of Bitcoin mining. Musk has expressed interest in resuming Bitcoin payments if a majority of mining operations switch to **green energy** sources, but that has yet to materialize. ### Conclusion The movement of Tesla's Bitcoin raises questions about the company's future strategies regarding cryptocurrency, especially considering Musk's previous comments and the current market dynamics.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>tesla</category> <category>bitcoin</category> <category>elonmusk</category> <category>cryptocurrency</category> <category>marketnews</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/02/elon-musk-1-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Surges Past $67K: How Harris's Regulatory Proposals Sparked a Crypto Rally]]></title> <link>https://www.bitcointoday.app/article/bitcoin-surges-past-67k-how-harriss-regulatory-proposals-sparked-a-crypto-rally</link> <guid>bitcoin-surges-past-67k-how-harriss-regulatory-proposals-sparked-a-crypto-rally</guid> <pubDate>Wed, 16 Oct 2024 22:01:11 GMT</pubDate> <description><![CDATA[### Bitcoin Climbs to New Heights Bitcoin (BTC-USD) has surged above **$67,000** on Wednesday, marking its highest price since **July**. This impressive jump is largely attributed to **Vice President Kamala Harris's** recently announced proposals aimed at establishing a **clearer regulatory framework** for digital assets. ### Broader Impact on Crypto Stocks The upward momentum of Bitcoin has catalyzed a **widespread rally** in crypto-related stocks, including: - **Coinbase (COIN)** - **MicroStrategy (MSTR)** - **Riot Platforms (RIOT)** - **CleanSpark (CLSK)** These companies have seen significant gains as investor confidence grows in response to the anticipated regulatory clarity. ### Expert Analysis Catalysts Co-Hosts **Seana Smith** and **Brad Smith** discuss the implications of these developments in detail, providing insights on how the market is reacting to such pivotal news. *This article was authored by **Angel Smith**.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>markettrends</category> <category>regulation</category> <category>investing</category> <enclosure url="https://s.yimg.com/ny/api/res/1.2/j2baJgatvcI1dWr8YfVCsA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzY7Y2Y9d2VicA--/https://s.yimg.com/os/creatr-uploaded-images/2024-10/739cf470-8bcc-11ef-b3db-eb786abbe5e7" length="0" type="image/com/os/creatr-uploaded-images/2024-10/739cf470-8bcc-11ef-b3db-eb786abbe5e7"/> </item> <item> <title><![CDATA[UK Man Sues Council for $647 Million Over Lost Bitcoin Hard Drive: A Shocking Legal Battle]]></title> <link>https://www.bitcointoday.app/article/uk-man-sues-council-for-647-million-over-lost-bitcoin-hard-drive-a-shocking-legal-battle</link> <guid>uk-man-sues-council-for-647-million-over-lost-bitcoin-hard-drive-a-shocking-legal-battle</guid> <pubDate>Wed, 16 Oct 2024 05:01:10 GMT</pubDate> <description><![CDATA[### The Bitcoin Landfill Lawsuit A man from the UK named **James Howells** is making headlines by suing his local council for **$647 million** in an attempt to recover a hard drive containing **8,000 BTC**. This extraordinary legal battle stems from a tragic mistake made back in **2013**, when Howells' then-partner accidentally threw out the hard drive along with other garbage. At that time, Bitcoin was worth less than **£1 million**, but the value of those coins has skyrocketed since then. ### The Ongoing Fight for Recovery Howells has been trying to persuade his local government to allow him to excavate the landfill for over **a decade**. Despite his repeated requests, the council has largely ignored him. Determined to find the hard drive, he has even organized an excavation team prepared to sift through **100 tons of garbage**. ### The Council's Position Should the hard drive be recovered, Howells estimates an **80 percent chance** that the coins can be retrieved. To sweeten the deal, he has offered the council **10% of the recovered Bitcoin**, which amounts to about **$65 million**. However, the council has firmly rejected his proposal, citing **environmental concerns**. A council spokesperson stated that excavating the site is not possible under their environmental permit and would have a significant negative impact on the surrounding area. ### The Cost and Timeline of Excavation The proposed excavation would cost **$13 million** and take between **18 to 36 months**, plus an additional year for restoration. Howells insists that the council would not incur any expenses, and he would still share a portion of the Bitcoin if successful. In interviews, Howells has expressed that the lawsuit is more about **leveraging** the council into agreeing to the excavation rather than a primary goal. Despite his efforts, the council has shown little interest in engaging with his proposal, leaving Howells in a precarious position as he fights for what he believes is rightfully his.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>lawsuit</category> <category>cryptocurrency</category> <category>investment</category> <category>uk</category> <enclosure url="https://www.vice.com/wp-content/uploads/sites/2/2024/10/GettyImages-1386293073.jpg?w=2000" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[John Deaton: How Bitcoin Can Empower the Unbanked and Challenge Traditional Banking]]></title> <link>https://www.bitcointoday.app/article/john-deaton-how-bitcoin-can-empower-the-unbanked-and-challenge-traditional-banking</link> <guid>john-deaton-how-bitcoin-can-empower-the-unbanked-and-challenge-traditional-banking</guid> <pubDate>Wed, 16 Oct 2024 08:01:10 GMT</pubDate> <description><![CDATA[### John Deaton's Critique of Elizabeth Warren's Crypto Bill John Deaton has publicly criticized **Elizabeth Warren's** proposed crypto legislation, arguing that it disproportionately favors banks at the expense of individual crypto holders. He emphasizes that **Bitcoin** represents a revolutionary tool that can help individuals avoid the **predatory fees** associated with traditional banking systems. ### Key Takeaways - Deaton believes that **Bitcoin** can eliminate the need for **predatory banks** and allow those without access to traditional banking services to participate in the financial system. - He argues that Warren's policies are misaligned with the needs of the working class, favoring established financial institutions instead. Deaton shared his personal experiences, recalling how his mother struggled with traditional banks, particularly **high-fee check-cashing stores**. He stated, **“When Bitcoin came along, I thought, ‘Great, now you can cut out predatory banks and middlemen, and you can help unbanked people like my mom.”** He also criticized Warren's **Digital Asset Anti-Money Laundering Act**, which proposes stringent regulations on digital assets, claiming it disregards the interests of individual investors, especially those from lower socioeconomic backgrounds. Deaton pointed out that the bill bans **crypto self-custody**, while allowing banks to control Bitcoin, highlighting that **Warren’s policies do not help poor people**. In responding to accusations about his ties to the crypto industry, Deaton defended himself by stating that he has made enemies in the industry by exposing wrongdoings, indicating his commitment to **transparency**. He also mentioned his involvement in the **Ripple case**, which has garnered significant attention. Deaton is running for the US Senate against Warren, advocating for the interests of everyday Americans and consistently opposing her anti-crypto stance.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>johndeaton</category> <category>elizabethwarren</category> <category>cryptolegislation</category> <category>unbanked</category> <enclosure url="https://static.cryptobriefing.com/wp-content/uploads/2024/10/15233157/CBS-News-Boston-800x447.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Trump's Crypto Coin Launch: A $300 Million Dream Crumbles to Just $12 Million in Sales]]></title> <link>https://www.bitcointoday.app/article/trumps-crypto-coin-launch-a-300-million-dream-crumbles-to-just-12-million-in-sales</link> <guid>trumps-crypto-coin-launch-a-300-million-dream-crumbles-to-just-12-million-in-sales</guid> <pubDate>Wed, 16 Oct 2024 16:01:10 GMT</pubDate> <description>< **World Liberty Financial** (WLF), which markets itself as a **crypto bank**, initiated its token sale on Tuesday. Despite claims from co-founder Zachary Folkman that **“well over 100,000 people”** were whitelisted to invest, data shows only about **9,050 unique wallet addresses** hold the token, equating to roughly **9%** of registered investors. Trump promoted the coin in a video on X, asserting that **“crypto is the future.”** However, the **WLF proposal** aimed for a **$1.5 billion valuation** and has only sold **788 million tokens** at **$0.015** each, translating to around **$11.8 million**—a mere **4%** of the total **20 billion tokens** available. ### Technical Difficulties and Investor Limitations The project faced significant hurdles, including repeated outages on its website, which often displayed a message stating, **“We are under maintenance.”** Additionally, WLFI's **Regulation D token offering** restricts participation primarily to **accredited investors**, limiting the potential investor pool. While WLF describes WLFI as a **governance token** that allows holders to vote on protocol decisions, there’s currently no active governance since the related crypto bank is not yet operational. WLF has started the approval process with **Aave**, a reputable crypto lending platform, but has yet to release a formal **white paper** or a comprehensive business plan.  WLF’s website notes that Trump and his family may receive tokens and **significant fees** for their services, although the exact amount remains unspecified. Token holders are essentially left with an **I-O-U** until the platform becomes operational, with all investments funneling into the platform’s treasury. ]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>trump</category> <category>cryptocurrency</category> <category>wlfi</category> <category>tokensale</category> <category>blockchain</category> <enclosure url="https://image.cnbcfm.com/api/v1/image/108045648-17285057492024-10-09t200511z_1324369168_rc28haaqhard_rtrmadp_0_usa-election-trump.jpeg?v=1728506097&w=1920&h=1080" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Missouri's $55 Million Cryptocurrency Fraud Crisis: What You Need to Know]]></title> <link>https://www.bitcointoday.app/article/missouris-55-million-cryptocurrency-fraud-crisis-what-you-need-to-know</link> <guid>missouris-55-million-cryptocurrency-fraud-crisis-what-you-need-to-know</guid> <pubDate>Wed, 16 Oct 2024 04:01:10 GMT</pubDate> <description><![CDATA[### Missouri's Cryptocurrency Fraud: A Shocking Report In **2023**, an **annual FBI report** on cryptocurrency fraud revealed that it was the **busiest year** yet for this emerging technology. The report highlighted that over **69,000 complaints** were filed, resulting in a staggering **$5.6 billion** in losses reported to the FBI’s Internet Crime Complaint Center. #### Missouri's Heavy Losses Missouri alone suffered a loss of **$55,022,745** due to **838 scams**. The data shows that the **most common targets** of these scams were individuals over the age of **60**, with those aged **50-59** following closely behind. #### Types of Cryptocurrency Fraud Cryptocurrency fraud manifests in various forms, primarily: - **Investment fraud** - **Breaches of personal data** - **Tech support fraud** - **Confidence schemes** #### Expert Recommendations **J. Scott Christianson**, Director of the University of Missouri’s Center for Entrepreneurship and Innovation, warns consumers to be **suspicious** of payment demands that seem **urgent or time-sensitive**, especially if they involve **digital currency**. He emphasizes that no legitimate business or government entity will ask for such payments in this manner. #### FBI's Advice to Avoid Scams The **FBI** offers several tips to help consumers avoid falling victim to cryptocurrency scams: - **Criminals thrive on urgency and isolation.** - If you receive an unsolicited call from someone claiming to represent a well-known company, **hang up** and verify independently. - No legitimate authority will demand payment through a cryptocurrency kiosk. - Never disclose personal information without verifying the identity of the requester. - Always validate investment opportunities offered by unknown contacts on social media, especially if you haven’t met them in person. - Be cautious of websites that mimic legitimate financial institutions. - Avoid downloading suspicious apps for investing unless their legitimacy is confirmed. - If an investment opportunity seems **too good to be true**, it probably is. - Remember that investment involves risk; seek advice from a licensed financial adviser if uncertain. Stay informed and vigilant to protect yourself from potential scams in the evolving landscape of cryptocurrency.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>cryptocurrency</category> <category>fraud</category> <category>missouri</category> <category>fbireport</category> <category>investmentscams</category> <enclosure url="https://gray-kfvs12-prod.gtv-cdn.com/resizer/v2/ZXDVX42WLJDBFGEUILYGNBA63E.png?auth=1187df78a9533481f14a067e630b4e5a4b15da1175889dd5c414a9bcad580d79&width=1200&height=600&smart=true" length="0" type="image/png"/> </item> <item> <title><![CDATA[Is Bitcoin Breaking Its One-Year Cycle? Insights and Predictions]]></title> <link>https://www.bitcointoday.app/article/is-bitcoin-breaking-its-one-year-cycle-insights-and-predictions</link> <guid>is-bitcoin-breaking-its-one-year-cycle-insights-and-predictions</guid> <pubDate>Wed, 16 Oct 2024 02:01:09 GMT</pubDate> <description><![CDATA[### Bitcoin's Cycle Under Threat Recent market trends suggest that **Bitcoin (BTC)** is on the verge of breaking its established one-year cycle. Historically, Bitcoin has followed a predictable pattern, but current market behavior indicates a potential shift. ### Resistance Testing at $66,000 Bitcoin's price has been testing a significant resistance level, hovering around **$66,000**, which sits at the top of its long-term declining channel. This level has historically acted as a ceiling for Bitcoin, often preventing it from breaking through decisively. However, recent indicators hint at a possible change in this trend. ### Declining Spot Premiums Notably, the **spot premiums** for Bitcoin are on the decline, a trend not observed since June. This could signal a major development for the digital asset, particularly in conjunction with the ongoing increase in the **global M2 money supply**, which is directly linked to Bitcoin's liquidity. ### Key Price Levels to Watch - **Immediate Resistance:** $66,000 - **Critical Support:** $62,000 - **Psychological Resistance:** $60,000 A **bullish breakout** may occur if Bitcoin surpasses the $66,000 mark with significant volume. Conversely, a decline below $60,000 could lead to additional losses as traders reassess their positions. ### Increasing Market Liquidity The narrative supporting a potential Bitcoin rally is strengthened by the **global liquidity index** reaching new highs. This suggests that market liquidity is adequate to support further price increases, potentially pushing Bitcoin towards new all-time highs. However, volatility is expected, making the next few weeks crucial for Bitcoin's price movement. ### Conclusion While there is a possibility of breaking the one-year cycle, much will depend on how Bitcoin navigates these pivotal price points.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>marketanalysis</category> <category>investment</category> <category>liquidity</category> <enclosure url="https://i-invdn-com.investing.com/news/moved_LYNXMPEI5E01G_L.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Google's Bold Move: Building Seven Nuclear Reactors for AI Power]]></title> <link>https://www.bitcointoday.app/article/googles-bold-move-building-seven-nuclear-reactors-for-ai-power</link> <guid>googles-bold-move-building-seven-nuclear-reactors-for-ai-power</guid> <pubDate>Wed, 16 Oct 2024 04:01:10 GMT</pubDate> <description><]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>google</category> <category>nuclear</category> <category>ai</category> <category>sustainability</category> <category>energy</category> <enclosure url="https://s.yimg.com/ny/api/res/1.2/QRJGjQrfJ4VyBb4GiMQAaw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA7Y2Y9d2VicA--/https://media.zenfs.com/en/fortune_175/545dd8462f9f46dcb1925d76819dcc5b" length="0" type="image/com/en/fortune_175/545dd8462f9f46dcb1925d76819dcc5b"/> </item> <item> <title><![CDATA[Surge in MicroStrategy Shares: What Bitcoin's New Heights Mean for Investors]]></title> <link>https://www.bitcointoday.app/article/surge-in-microstrategy-shares-what-bitcoins-new-heights-mean-for-investors</link> <guid>surge-in-microstrategy-shares-what-bitcoins-new-heights-mean-for-investors</guid> <pubDate>Wed, 16 Oct 2024 20:01:12 GMT</pubDate> <description><![CDATA[### MicroStrategy's Share Price Soars MicroStrategy Incorporated (NASDAQ:MSTR) shares are **trading higher** on Wednesday, following **Bitcoin's** impressive rally past **$68,000**. This surge in Bitcoin has not only captured the attention of cryptocurrency enthusiasts but also significantly impacted MicroStrategy's stock performance. ### Bitcoin's Record-Breaking Performance As Bitcoin breached the **$68,000** threshold, it marked a pivotal moment for both the cryptocurrency market and companies heavily invested in it. MicroStrategy, known for its substantial Bitcoin holdings, is directly benefiting from this bullish trend. The company's strategic bet on Bitcoin is paying off, as the rising cryptocurrency value enhances investor confidence in its stock. ### Investor Reactions With Bitcoin's ascent, many investors are watching MicroStrategy closely, intrigued by how the company's fortunes are intertwined with the cryptocurrency market. The **market sentiment** appears to be **bullish**, and investors are keen to see how high Bitcoin can climb and what that means for MicroStrategy's future. **Overall**, the interplay between Bitcoin's rising price and MicroStrategy's stock performance underscores the growing influence of cryptocurrencies in traditional markets. Investors should keep an eye on these developments as they unfold.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>microstrategy</category> <category>bitcoin</category> <category>stockmarket</category> <category>investing</category> <category>cryptocurrency</category> <enclosure url="https://cdn.benzinga.com/files/images/story/2024/10/16/untitled_0.jpeg?width=1200&height=800&fit=crop" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Bitcoin's Bullish Surge: New Investors Fuel Optimism as Price Nears Key Resistance]]></title> <link>https://www.bitcointoday.app/article/bitcoins-bullish-surge-new-investors-fuel-optimism-as-price-nears-key-resistance</link> <guid>bitcoins-bullish-surge-new-investors-fuel-optimism-as-price-nears-key-resistance</guid> <pubDate>Wed, 16 Oct 2024 09:01:11 GMT</pubDate> <description>< ## New Investors Driving Demand Recent data from **CryptoQuant** indicates that **new investors** are returning to the market, contributing to a positive outlook. Historically, periods of accumulation by new investors often precede major price increases, adding excitement to Bitcoin's potential trajectory. Bitcoin has seen a **12% increase**, rising from **$58,800** to **$65,600**, which has reignited positive sentiment across the cryptocurrency landscape. Analysts are hopeful that this momentum can be sustained, potentially leading to further gains. ## Price Dynamics and Key Levels Currently, Bitcoin is testing local highs at **$66,500**, with strong support above the **200-day moving average (MA)** at **$63,336**. For a confirmed rally towards new highs, breaking above the **$66,500** resistance is crucial. If Bitcoin fails to do so, a retracement may occur, with key demand levels around **$62,000** and potential deeper corrections to **$59,000**.  The return of new investors indicates a growing interest in Bitcoin, which could create a supply-demand imbalance, driving prices higher. As new capital flows into the market, the outlook for Bitcoin remains positive, with many eagerly watching for the next move. *Image source: Dall-E, chart from TradingView*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>crypto</category> <category>investors</category> <category>marketanalysis</category> <category>pricesurge</category> <enclosure url="https://bitcoinist.com/wp-content/uploads/2024/10/DALL·E-2024-10-15-05.51.47-A-feature-image-for-an-article-titled-New-Investors-Buying-Bitcoin-Again_-Key-Data-Supports-Bullish-Outlook.-The-image-should-prominently-feature-th.webp" length="0" type="image/webp"/> </item> <item> <title><![CDATA[Bitcoin Profit-Taking Peaks as Speculators Flood Binance with $500M]]></title> <link>https://www.bitcointoday.app/article/bitcoin-profit-taking-peaks-as-speculators-flood-binance-with-500m</link> <guid>bitcoin-profit-taking-peaks-as-speculators-flood-binance-with-500m</guid> <pubDate>Wed, 16 Oct 2024 11:01:11 GMT</pubDate> <description>< ### Heightened Volatility Ahead Despite the bullish price action, investor sentiment remains **fickle**, with modest volatility leading to drastic changes in market exposure. Glassnode also notes that while demand for Bitcoin has decreased since March, the **supply availability** is also tightening. This divergence between supply and demand may precede a period of **heightened volatility**.  ### Market Conditions The **active supply** of Bitcoin continues to compress, and historically, such tightness in supply has foreshadowed increased market volatility. The overall sentiment among short-term holders is positive, with low unrealized losses reported.  This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>crypto</category> <category>marketsentiment</category> <category>profittaking</category> <category>volatility</category> <enclosure url="https://s.tradingview.com/static/images/illustrations/news-story.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Soars Near $68,400: What's Driving the Crypto Rally?]]></title> <link>https://www.bitcointoday.app/article/bitcoin-soars-near-68-400-whats-driving-the-crypto-rally</link> <guid>bitcoin-soars-near-68-400-whats-driving-the-crypto-rally</guid> <pubDate>Wed, 16 Oct 2024 19:01:12 GMT</pubDate> <description>< ### Impact on Crypto-Linked Stocks The bullish trend has positively impacted crypto-related stocks as well. **Coinbase** shares rose almost **7%** on Wednesday, contributing to a **19%** rally over three days, reaching its highest point since August. Additionally, Bitcoin miners like **Marathon Digital** and **Riot Platforms** also experienced gains. ### The Role of Bitcoin ETFs One key factor driving Bitcoin’s **53%** year-to-date gain is the introduction of new **spot Bitcoin exchange-traded funds (ETFs)** that launched in January, attracting a wave of new investors. Following closely, **Ether ETFs** debuted in July. Samara Cohen, BlackRock’s chief investment officer for ETF and index investments, noted that **80%** of buyers of its **iShares Bitcoin Trust** are direct investors, with **75%** of them being new to BlackRock ETFs. Cohen emphasized the educational journey undertaken to familiarize crypto investors with the benefits of the ETP wrapper. ### Recent Developments Check out the latest news on **Trump’s coin sale**, which has not met its targets amid challenges. [Watch Here](https://108.181.33.135/video/2024/10/16/trumpas-coin-sale-misses-targets-as-crypto-projectas-website-crashes.html?__cpo=aHR0cHM6Ly93d3cuY25iYy5jb20) ]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>marketnews</category> <category>investing</category> <category>etfs</category> <enclosure url="https://image.cnbcfm.com/api/v1/image/108038986-1727275290384-gettyimages-2171057531-avdlogo11septank1c.jpeg?v=1727275358&w=1920&h=1080" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Why Bitcoin is Outshining the S&P 500: Key Factors Behind Its Surge]]></title> <link>https://www.bitcointoday.app/article/why-bitcoin-is-outshining-the-sp-500-key-factors-behind-its-surge</link> <guid>why-bitcoin-is-outshining-the-sp-500-key-factors-behind-its-surge</guid> <pubDate>Wed, 16 Oct 2024 19:01:12 GMT</pubDate> <description><![CDATA[### Key Takeaways - Since the beginning of **September**, **Bitcoin** has gained **more than 14%**, while the **S&P 500** has risen roughly **3%**. - Similar to stocks, Bitcoin faced a rough start to September due to economic concerns, but momentum picked up soon after. - Both U.S. presidential candidates are showing support for the **crypto industry**, shifting investor focus from economic worries to election outcomes. Bitcoin (**BTCUSD**), despite its volatility, has **outperformed the S&P 500** since September's onset. The largest cryptocurrency has seen a boost from **investor optimism**, fueled by the **Federal Reserve's rate cuts** and the upcoming **U.S. presidential elections**. ### Stumbled in September, Roaring in October Bitcoin's performance mirrored that of stocks, struggling initially in **September** after a disappointing jobs report raised concerns about the U.S. economy. At that time, Bitcoin was trading below **$60,000**. However, signals from the Fed regarding potential rate cuts helped Bitcoin regain momentum. The Fed announced a **50-basis-point rate cut** on **September 18**, hinting at further cuts, which drove Bitcoin prices higher. Lower interest rates reduce yields on Treasurys, making riskier assets like Bitcoin more attractive to investors. Despite this bullish trend, **macroeconomic uncertainties** remain a concern. Economic data suggesting a halt to rate cuts or an imminent recession could quickly reverse Bitcoin's gains. Additionally, there was a notable shift of investments from crypto to **Chinese equities** after the government announced a **stimulus package** in late September, although this trend has since diminished. ### What's Driving Bitcoin Prices? Recently, Bitcoin traded around **$68,000** following three days of strong inflows into Bitcoin **exchange-traded funds (ETFs)**, with nearly **$1.2 billion** in net inflows since last Friday. The ongoing U.S. presidential elections have also significantly impacted Bitcoin's price movements this year. Coinbase researchers noted that the factors influencing crypto performance are shifting from **monetary policy** issues to the outcomes of the U.S. elections. Vice President and Democratic nominee **Kamala Harris** recently acknowledged the need for a regulatory framework for cryptocurrency, a first for her campaign, while her opponent, former President **Donald Trump**, has been a long-time supporter of the crypto industry. This slight acknowledgment from Harris was enough to push Bitcoin prices up by **5%**, resulting in an influx of over **$500 million** into Bitcoin ETFs. Moreover, Bitcoin received a boost from **Mt. Gox**, a failed cryptocurrency exchange, which announced it would start repaying customers affected by a hack from a decade ago by **October 2025**. This news alleviated fears of a significant drop in Bitcoin prices due to a sudden influx of Bitcoin into the market as repayments began. ### Summary Bitcoin's recent performance is a result of various factors, including **investor optimism** driven by the Federal Reserve's actions and the political landscape surrounding the U.S. elections. As Bitcoin continues to capture market attention, its future trajectory remains intertwined with broader economic indicators and political developments.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>markettrends</category> <category>investing</category> <category>federalreserve</category> <enclosure url="https://www.investopedia.com/thmb/zAe9OdqjQUIekLTP7YBpwum0O0s=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-453930217-42848c04ff58410d952e1a5b65a00929.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Crypto Exodus? Tether CEO Blasts Italy's Shocking 42% Bitcoin Tax Proposal]]></title> <link>https://www.bitcointoday.app/article/crypto-exodus-tether-ceo-blasts-italys-shocking-42-bitcoin-tax-proposal</link> <guid>crypto-exodus-tether-ceo-blasts-italys-shocking-42-bitcoin-tax-proposal</guid> <pubDate>Wed, 16 Oct 2024 14:01:12 GMT</pubDate> <description>< **Italy’s Bold Move on Crypto Taxation** Italy is set to increase the **capital gains tax** on Bitcoin and other cryptocurrencies to **42%**, as announced by Deputy Finance Minister **Maurizio Leo** during a conference on October 16. He highlighted that as cryptocurrencies like Bitcoin gain popularity, the government expects this drastic increase from the current **26%** tax rate. > "As this phenomenon (bitcoin) is spreading we expect the withholding tax to increase from 26% to 42%." This proposed tax hike could position Italy among the countries with the **highest crypto taxation** globally. This move contradicts earlier commitments made by **Prime Minister Giorgia Meloni**, who had assured citizens there would be no broad tax hikes. Her comments were intended to avoid significant tax increases but appear to exclude niche sectors like crypto. Prime Minister Meloni stated on X: > "As we promised, there will be no new taxes for citizens..." **Concerns from the Crypto Community** The announcement has sparked **backlash** from Italy’s crypto community, with many users contemplating leaving Italy for countries with more favorable tax environments, such as **Dubai**, which recently exempted all crypto transactions from VAT. **Tether CEO Paolo Ardoino** criticized the decision, sharing a meme that suggested a mass exodus of crypto users from Italy. Ardoino sarcastically remarked: > "How dare [Italians] use Bitcoin as protection or a hedge against Italian financial policies." Countries like **India**, which implemented heavy taxes on digital assets, have already seen **trading volumes drop significantly** as investors sought refuge in offshore platforms to escape high tax burdens. Will Italy face a similar fate with this new tax policy?  *Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>italy</category> <category>bitcoin</category> <category>tether</category> <category>cryptotax</category> <category>paoloardoino</category> <enclosure url="https://cryptoslate.com/wp-content/uploads/2024/10/italy-bitcoin.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Disillusionment in El Salvador: Why Bitcoin Isn't Gaining Traction Despite Popular Support for Bukele]]></title> <link>https://www.bitcointoday.app/article/disillusionment-in-el-salvador-why-bitcoin-isnt-gaining-traction-despite-popular-support-for-bukele</link> <guid>disillusionment-in-el-salvador-why-bitcoin-isnt-gaining-traction-despite-popular-support-for-bukele</guid> <pubDate>Wed, 16 Oct 2024 00:01:08 GMT</pubDate> <description><![CDATA[### Salvadorans and Bitcoin: A Disconnect Salvadorans may appreciate **President Nayib Bukele** for his efforts in improving the country's security, but a **new survey** reveals that the enthusiasm for **Bitcoin** is not reflected in actual usage. According to a recent report from **San Salvador University Francisco Gavidia**, only **7.5%** of respondents use cryptocurrency for transactions, while a staggering **92%** do not. Despite **El Salvador** making Bitcoin legal tender in **2021**, many citizens remain hesitant to adopt the digital currency for everyday purchases. ### Bukele's Bitcoin Push President Bukele, known for his aggressive promotion of Bitcoin, has faced criticism from both **U.S. politicians** and the **International Monetary Fund** for his policies. The survey indicated that merely **1.3%** of participants believe Bitcoin should be the country’s primary financial strategy moving forward. In an effort to attract foreign investment, Bukele has proposed initiatives such as **Bitcoin City** and has offered enticing incentives like visas for investors. However, public sentiment remains mixed, with **58%** of those surveyed believing the nation is on the right track and showing general support for Bukele’s leadership. ### The Reality of Bitcoin Adoption In a recent interview, Bukele himself acknowledged that the **adoption of Bitcoin** has not met expectations, stating, “**Bitcoin hasn’t had the widespread adoption we hoped for**.” El Salvador, once notorious for its violence, has seen a crackdown on crime under Bukele’s administration, which has garnered praise from citizens but raised concerns among human rights advocates regarding **prisoner treatment** and **police conduct**. Despite the president's popularity, the disconnect between his Bitcoin initiative and public usage reveals a significant challenge in his economic strategy.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>elsalvador</category> <category>nayibbukele</category> <category>cryptocurrency</category> <category>survey</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/12/WhatsApp-Image-2021-12-16-at-12.22.23-1-gID_7.jpeg" length="0" type="image/jpeg"/> </item> </channel> </rss>