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Bitcoin 'teleportation' due as traders bet on BTC price passing $100K

Thu, 21 Nov 2024 09:15:42 +0000

Bitcoin has a "big day ahead" as the final push to the magic $100,000 mark begins ahead of the Wall Street open.

BitGo launches MAS-regulated crypto exchange in Singapore

Thu, 21 Nov 2024 09:10:15 +0000

BitGo Singapore has launched with a regulatory license, aiming to meet institutional demand in Asia with custody and trading services.

Record $9.7B stablecoin inflows could drive Bitcoin to $100K

Thu, 21 Nov 2024 08:56:33 +0000

The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark.

South Korea confirms North Korea behind $50M Upbit hack

Thu, 21 Nov 2024 07:32:37 +0000

South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.

Worldcoin’s biometric gamble is a privacy time bomb

Thu, 21 Nov 2024 07:00:00 +0000

The privacy and security risks of biometric IDs demand builders consider modular privacy applications or face real-world vulnerabilities.

Justin Sun paid $6M for a banana taped to a wall and now plans to eat it

Thu, 21 Nov 2024 06:00:25 +0000

The artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated sales price.

Coinbase scammer claims earning 5 figures a week targeting crypto CEOs

Thu, 21 Nov 2024 05:43:03 +0000

“We’re hitting CEOs, CFOs, software engineers,” the brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.”

Coinbase scammer claims to earn 5 figures a week targeting crypto CEOs

Thu, 21 Nov 2024 05:43:03 +0000

“We’re hitting CEOs, CFOs, software engineers,” a brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.”

DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis

Thu, 21 Nov 2024 05:35:56 +0000

Jeffrey Zirlin says the election of Donald Trump will take regulatory pressure off the “token design” and allow for radical new kinds of innovation and experimentation.

US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’

Thu, 21 Nov 2024 04:04:10 +0000

The US has laid charges against a group accused of a hacking spree, with one alleged victim being robbed of over $6.3 million worth of crypto.

US charges 5 in $11M crypto hacking scheme linked to ‘Scattered Spider’

Thu, 21 Nov 2024 04:04:10 +0000

The US charged five people it linked to a group suspected of a hacking spree, with one alleged victim being robbed of over $6.3 million worth of crypto.

Nvidia sees bright future in agentic AI amid record Q3 revenue

Thu, 21 Nov 2024 03:17:44 +0000

The world’s most valuable company is focusing on AI systems or agents designed to exhibit autonomous decision-making.

Apple rushes out patch fixing zero-day attacks on macOS systems

Thu, 21 Nov 2024 01:56:32 +0000

The vulnerabilities caught the attention of the former CEO of Binance, Changpeng “CZ” Zhao who advised users to update their operating system immediately.

Bitwise registers Solana ETF in US state Delaware

Thu, 21 Nov 2024 01:33:24 +0000

Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.

Bitwise registers Solana ETF in US state of Delaware

Thu, 21 Nov 2024 01:33:24 +0000

Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.

Bitcoin reserve won’t solve US debt crisis: Think tank co-founder

Wed, 20 Nov 2024 23:59:07 +0000

Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do.

SEC delays Franklin Templeton crypto index ETF decision

Wed, 20 Nov 2024 22:20:59 +0000

According to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history.

Here’s what happened in crypto today

Wed, 20 Nov 2024 21:35:20 +0000

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Here’s what happened in crypto today

Wed, 20 Nov 2024 21:22:46 +0000

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Shanghai judge says cryptocurrency is a commodity, legal to own

Wed, 20 Nov 2024 21:21:58 +0000

Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute.

SEC sends reparations to BitClave ICO investors

Wed, 20 Nov 2024 21:00:22 +0000

The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering.

Stablecoin bill faces several challenges — former Senator Pat Toomey

Wed, 20 Nov 2024 20:53:36 +0000

The total market capitalization of the stablecoin sector has topped $174 billion as of November 2024 and continues to grow.

Fmr House Speaker warns partisan gridlock could derail Trump’s crypto plans

Wed, 20 Nov 2024 20:51:04 +0000

Paul Ryan served as Speaker for the House of Representatives prior to Nancy Pelosi.

Fmr House speaker warns partisan gridlock could derail Trump’s crypto plans

Wed, 20 Nov 2024 20:51:04 +0000

Paul Ryan served as speaker for the House of Representatives prior to Nancy Pelosi.

Former House speaker warns partisan gridlock could derail Trump’s crypto plans

Wed, 20 Nov 2024 20:51:04 +0000

Paul Ryan served as speaker for the House of Representatives prior to Nancy Pelosi.

Are spot Bitcoin ETF options traders really expecting a $176K BTC price?

Wed, 20 Nov 2024 20:38:59 +0000

BlackRock’s IBIT BTC options launch was a success, but how realistic are traders' high six-figure Bitcoin price expectations?

Trump mulls creating first White House crypto post: Report

Wed, 20 Nov 2024 19:41:28 +0000

The role would be the first-ever crypto-specific White House role and may report directly to Trump, Bloomberg reported.

MicroStrategy’s market cap on track to top Intel’s

Wed, 20 Nov 2024 19:36:12 +0000

Analysts expect MSTR stock to pump to as high as $450 as Bitcoin's price continues to rise.

NFT weekly sales surge 94%, McDonald’s partners with Doodles: Nifty Newsletter

Wed, 20 Nov 2024 19:00:00 +0000

NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week.

A perfect storm is brewing for Bitcoin

Wed, 20 Nov 2024 19:00:00 +0000

Reflexivity squared: How Bitcoin ETF options could lead to explosive price movements.

Russia Bans Crypto Mining In Russia-Occupied Ukraine Territories, Cites Energy Shortage

Wed, 20 Nov 2024 18:33:22 +0000

Russia announced sweeping restrictions on cryptocurrency mining across various regions on 19 November 202. The restrictions include occupied territories in Ukraine. Russia cited energy shortages and the need to prioritize electricity supply during the winter months.

According to the Government website, the decision led by Deputy Prime Minister Alexander Novak and the Government Commission on Electric Power Development, is said to be in line with the nation’s efforts to balance its energy infrastructure with emerging demands from the crypto sector.

Russia Introduced Bitcoin Mining Bans Across The Nation

Starting Dec 2024, Russia’s Energy Ministry is clamping down on mining rigs in energy-stressed zones like Irkutsk, Chechnya, and DPR.

Reason? Subsidized power + limited juice = a tightrope of priorities.

The takeaway’s… pic.twitter.com/gSGLA5FIc6

— Mario Nawfal’s Roundtable (@RoundtableSpace) November 17, 2024

The move follows the recent legalization of cryptocurrency mining under strict regulatory oversight and is part of a broader strategy to manage Russia’s energy resources while addressing economic and geopolitical challenges.

EXPLORE: BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official

Mining Restrictions In Energy-Stressed Zones

The government’s latest directive targets specific regions grappling with energy deficits during the autumn-winter heating period including Siberian territories like Irkutsk, Buryatia and Zabaikalsky Krai where mining activities will face seasonal bans from 15 November to 15 March every year, until 2031.

The low cost of hydroelectric power has attracted substantial crypto mining operations in recent years, exacerbating local energy shortages in these areas.

Occupied regions in Ukraine, including Donetsk, Luhansk, Zaporizhia, and Kherson, are set to face a complete ban on mining activities starting December 2024, extending until March 2031.

The restrictions are essentially aimed at addressing the critical energy deficits in these areas where infrastructure damage from ongoing conflict has significantly strained electricity supplies.

The Energy Ministry’s stance reflects its commitment to reallocate electricity resources to socially significant consumers and essential infrastructure, ensuring uninterrupted supply during peak demand periods

EXPLORE: Russia Ready To Launch Trials Of Crypto Payments, Exchanges

Russia’s Stark Contrast In Crypto Policy

The decision to impose mining restrictions comes just weeks after the legalization of cryptocurrency mining in Russia, marking a stark contrast in policy.

Despite the regulatory green light, the energy-intensive nature of mining has raised concerns, particularly in regions with fragile power grids or high demand.

Mario Nawfal, Founder & CEO of IBC Group, a leading blockchain consultancy critically noted, “Subsidized power + limited juice = a tightrope of priorities.”

Official statistics indicate that Russia could be one of the world’s largest crypto mining hubs, consuming an estimated 16 billion kilowatt-hours annually (approximately 1.5% of the country’s total electricity), drawing significant attention.

By imposing these restrictions the government seeks to mitigate the impact of mining on local communities while maintaining its broader goals of fostering digital asset innovation.

According to Reuters report, the country expects to collect up to 200 billion roubles ($2 billion) annually from newly introduced mining taxes, emphasizing its dual approach to regulation and resource allocation.

The new framework also extends to Russia’s North Caucasus region, including Chechnya and Ingushetia, which will face flat-out bans on crypto mining until 2031.

These regions, like the annexed Ukrainian territories, have struggled with limited electricity availability further necessitating regulatory intervention.

EXPLORE: Ukraine deems Bitcoin illegal, Coinbase fights for new $50 million founding round and more

Broader Implications For The Crypto Industry

While the bans aim to alleviate immediate energy concerns, they also signal a shift in Russia’s approach to integrating cryptocurrency into its economy.

The restrictions come amid geopolitical tensions and a fragile energy landscape exacerbated by the ongoing conflict with Ukraine. These factors have made efficient energy use a national priority.

At the same time, Russia has outlined plans to formalize its cryptocurrency industry. The government is considering the creation of a national cryptocurrency exchange in Moscow and St. Petersburg, signaling an effort to integrate digital assets into its economic framework.

Additionally, newly introduced mining-specific tax regulations suggest an attempt to regulate the sector while addressing concerns over energy consumption and resource allocation.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The post Russia Bans Crypto Mining In Russia-Occupied Ukraine Territories, Cites Energy Shortage appeared first on .

FTX co-founder Gary Wang sentenced to time served

Wed, 20 Nov 2024 18:25:17 +0000

Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.

Coin Center lawyers argue Tornado Cash is not property

Wed, 20 Nov 2024 18:00:10 +0000

The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.

Price analysis 11/20: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, SHIB, TON, AVAX

Wed, 20 Nov 2024 17:36:45 +0000

Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.

Trump Tips Howard Lutnick For Commerce Secretary: What Will It Mean For Bitcoin?

Wed, 20 Nov 2024 16:39:00 +0000

Donald Trump’s pick of Cantor Fitzgerald CEO Howard Lutnick for Secretary of Commerce has sent ripples through financial circles, especially among crypto enthusiasts – with many wondering Howard Lutnick’s Bitcoin impact and Howard Lutnick’s crypto policy influence.

Lutnick is a vocal supporter of digital assets. He personally owns Bitcoin Price Trading volume in 24h Last 7d price movement and Tether, and his company recently held a conference at which Michael Saylor spoke. Saylor discussed the Trump/Vance win and the idea of a Bitcoin strategic reserve.

Robert F. Kennedy Jr., Bitcoin advocate Anthony Pompliano, and crypto entrepreneur Gary Vee all voiced support for Lutnick.

(X)

What Howard Lutnick Means For Bitcoin

Howard Lutnick is not your typical Wall Street executive. Leading Cantor Fitzgerald, he’s been ahead of the curve on crypto, focusing on Bitcoin and Tether. Under Lutnick since 2021, the firm’s been steering Tether’s US Treasury and bond portfolios, proving his push to merge digital money with old-school finance.

In a recent statement, he reaffirmed his belief in Bitcoin’s potential, emphasizing, “Bitcoin isn’t just an American thing. It’s a global phenomenon.”

So what will a Howard Lutnick-led Department of Commerce look like for Bitcoin and crypto assets?

Let’s start with the crazy theories first.

Remember we don’t know exactly, and we’re thinking out loud. It’s possible that Lutnick could support Michael Saylor’s idea of the US government using Bitcoin to tackle the debt crisis.

Absent that, Lutnick has also talked about the US selling land rights to tackle the debt; since the federal government owns so much land, it does nothing with it.

(Wikipedia)

Lutnick also means the US will get more serious about increasing US dollar hegemony through stablecoin usage abroad. Keeping the dollar strong relative to other fiat currencies would be crucial to the US, as well as buying and holding bitcoin.

At minimum, however, we might see more Bitcoiners get into positions of power, which means the state is neutralized as a threat, at least in the short to medium term.

The government has always been bitcoin’s “final boss,” and it seems like it could win that final battle during the Trump administration.

(Polymarket odds)

Lutnick’s belief in Bitcoin’s potential to drive market expansion will guide his actions in the Trump administration.

The bull case in all this is nothing less than Bitcoin unlocking the timeline of infinite easy winning and upside. Shitcoins may not stand a chance of keeping pace.

When Will Altcoin Season Rip?

We know what Lutnick will do for Bitcoin, but what about altcoins? The Bull runs here, but these altcoin bags are napping.

The immediate news is grim. Another day, another new ETH/BTC low.

(TradingView)

We haven’t had an alt season since 2021, not even a mini one. When is Bitcoin’s dominance going to drop?

The bear case for alts is that most of the money coming into Bitcoin is from ETFs now, and that money can’t easily flow to alts. Do you think JP Morgan will sell its Bitcoin once it peaks to buy Pepe? LOL. Zoom out on the monthly charts. Dominance has been rising nonstop since April 2022.

Our bull case at 99Bitcoins is that alt season will only happen after Bitcoin maximizes its gains.

For now, because of people like Howard Lutnick, who is BTC Über Alles, we won’t see a true alt season until 2025. Until then!

EXPLORE: US Bitcoin Reserve: World On Precipice of BTC Arms Race

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The post Trump Tips Howard Lutnick For Commerce Secretary: What Will It Mean For Bitcoin? appeared first on .

Ruthless Gen Z – Kid Rugs QUANT For $30k Profit On LiveStream

Wed, 20 Nov 2024 16:32:25 +0000

We are witnessing the best and worst of this TikTok meta, and with QUANT (Gen Z Quant), we may have reached the lowest point as a child scam in live stream for $30k profit.

But in an unusual twist, the community rebelled with a post-stream CTO and sent the coin to over $80 million market cap.

Ironically, the trader’s original holdings would have been worth over $2.8 million if he had not sold them. Blockchain analytics platform Lookonchain discovered that the trader had also created and rugged two other tokens, $SORRY and $LUCY.

He profited $13,000 from $SORRY and $12,000 from $LUCY.

He made over $53,000 from these rug pulls, but his portfolio could have been worth millions if he had held on.

This kid really made $50K in 12 hours on PumpFun, launching and dumping coins:

$30K on $QUANT
$13K on $SORRY
$12K on $LUCY

But here’s the kicker. $QUANT got CTO’d, and his bag would be worth $2.8M today.

Wild.
Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.

$100K Bitcoin next? No euphoria 'encouraging' as BTC price breaks new highs

Wed, 20 Nov 2024 15:43:30 +0000

Bitcoin analysts and traders are optimistic that BTC price will hit the coveted $100K mark, despite “luke-warm” social media response to the latest all-time highs.

$100K Bitcoin next? No euphoria ‘encouraging’ as BTC price breaks new highs

Wed, 20 Nov 2024 15:43:30 +0000

Bitcoin analysts and traders are optimistic that BTC’s price will hit the coveted $100,000 mark despite a “lukewarm” social media response to the latest ATHs.

Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex

Wed, 20 Nov 2024 15:30:00 +0000

Kain Warwick also admits the Infinex Patron NFT sale did not go as planned, with just 2% of users buying the most liquid NFT tier.

Experts say prediction markets hold the key to seeing the future

Wed, 20 Nov 2024 14:00:00 +0000

Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?

Prediction markets could hold the key to seeing the future, say observers

Wed, 20 Nov 2024 14:00:00 +0000

Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?

Hoth Therapeutics allocates $1M to Bitcoin as treasury asset

Wed, 20 Nov 2024 13:48:45 +0000

Hoth Therapeutics allocates $1 million to Bitcoin, reflecting rising business adoption amid increasing attention on BTC’s inflation-resistant value.

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Wed, 20 Nov 2024 13:32:34 +0000

Bitcoin dormancy is decreasing as BTC price action takes all-time highs again and again.

MicroStrategy increases note sales to $2.6B for Bitcoin purchases

Wed, 20 Nov 2024 13:29:17 +0000

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

Grayscale completes reverse share splits of Bitcoin and Ether ETFs

Wed, 20 Nov 2024 13:23:37 +0000

As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.

Here’s what happened in crypto today

Wed, 20 Nov 2024 13:20:01 +0000

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Phantom takes second spot on Apple’s US App Store Utilities category

Wed, 20 Nov 2024 12:38:58 +0000

Phantom surpassed applications like Google Chrome, Microsoft Edge and Amazon Fire TV.

Phantom takes second spot in Apple’s US App Store utilities category

Wed, 20 Nov 2024 12:38:58 +0000

Phantom surpassed applications like Google Chrome, Microsoft Edge and Amazon Fire TV.

Shiba Inu whale holds 10% of SHIB supply, up 250,000x to $2.5B

Wed, 20 Nov 2024 12:35:20 +0000

The mysterious investor made an over 250,000-fold return on his initial investment of just $10,000, which is worth over $2.5 billion today.