Mt. Gox Creditors: After waiting a decade, many creditors still have their coins, and about half of the Bitcoin owed to them by Mt. Gox has been released. In a report published on July 29th by Glassnode, it was revealed that creditors of the now-defunct Mt. Gox exchange had received 41.5% (59,000 BTC) of these Bitcoins. According to Glassnode’s report, Mt. Gox’s creditors are not selling the approximately $4 billion worth of Bitcoin that they received. First, in Japanese bankruptcy law, creditors accept bitcoin instead of fiat currency. Therefore, the analysis concluded that only a portion of the given coins…
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Digital Finance: Slovenia became the first EU member state to issue a sovereign digital bond. The Slovenian government announced issuing a 30-million-euro note, equivalent to approximately $32.5 million, with a coupon of 3.65%. The bond, which is scheduled to mature on November 25, 2024, was settled on-chain using the tokenized currency system of the Bank of France. Digital Bonds See Increased Adoption Digital bonds use blockchain technology not used by traditional bonds to improve security, efficiency, and transparency during issuance and trading. These bonds symbolize a move toward financial market modernization through distributed ledger technology (DLT). Several nations have issued…
BlackRock Warns: According to asset management behemoth BlackRock, investors in the iShares spot Bitcoin and Ether ETFs have been the target of a recent uptick in crypto frauds. The firm recently warned its customers to avoid interacting with social media imposters posing as BlackRock officials in an X post. The warning emphasizes that investors should not engage in social media conversations with imposters pretending to be from BlackRock. According to the business, “there has been a spike in investment-related scams,” which involve tricking consumers into visiting websites that promote cryptocurrency investments or using messaging apps like WhatsApp or Telegram. Scams…
US to Hold BTC. The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), has made a full recovery and is now trading bullishly over the $67,920 barrier. A rise of 3.39 percent in just one day brought the total value of the cryptocurrency market to $2.39 trillion. Among the many causes of this upswing, Robert F. Kennedy Jr.’s call for the United States to treat Bitcoin as a precious metal has boosted investor confidence and demand. Kennedy’s Bitcoin Vision and VanEck’s $325,000 Prediction Boost BTC’s Future Outlook Robert F. Kennedy Jr. has been more vocal in his support for Bitcoin…
Michael Saylor Prediction. The leading cryptocurrency in the world, Bitcoin (BTC), has kept its upward pace and is now trading at roughly USD 68,469. Bitcoin promptly recovered from yesterday’s intraday low of $63,600, soaring beyond $68,000. Michael Saylor’s bullish forecast that Bitcoin may hit $13 million by 2045 is one of numerous reasons driving this upward trend. Bitcoin’s recent gain beyond $68,000 is likely due partly to the increased interest from investors and the enhanced bullish feeling caused by Saylor’s projection. Michael Saylor’s Bitcoin Prediction Drives Investor Confidence The future of Bitcoin is bright, according to Michael Saylor, executive chairman…
Self-custody Bitcoin Wallet. The Proton Wallet, developed by email privacy and security company Proton, is a Bitcoin-only wallet where users can keep digital assets in self-custody. It was announced by the email corporation based in Switzerland that with the launch of Proton Wallet, Proton is facilitating the adoption of Bitcoin as a decentralized payment system and making it easier for newcomers to start using it. To ensure the safety of email communications, the business has integrated end-to-end encryption into Proton Mail. Features like Bitcoin via Email and security offered by Proton Sentinel make the Bitcoin self-custody wallet user-friendly for newbies.…
Kamala Harris and Trump. The price of Bitcoin (BTC/USD) has increased 0.72 percent to $66,500 as both Kamala Harris and Donald Trump get ready to run for president in 2024. Using her experience as a prosecutor to contrast with Trump’s criminal record, U.S. Vice President Kamala Harris began her bid for the presidency by harshly criticizing Trump. Harris told a crowd of 3,000 in Wisconsin, “I know Donald Trump’s type,” drawing parallels between Trump and the scam artists she had previously convicted. With President Joe Biden’s endorsement, her campaign received $100 million in just 36 hours. Harris Emphasizes Legal and…
Income with Cryptocurrency Airdrops. The term “airdrop” refers to a marketing tactic used by cryptocurrency projects to distribute free coins or tokens to specific wallet addresses of engaged users. Through airdrops, users can add more cryptocurrency to their portfolios at no additional cost and even make money just by holding onto these tokens in the hopes that their value will rise over time. Airdrop launches accomplish multiple goals. Their primary function is to increase interest in a certain project or coin. Businesses may increase their visibility and user bases rapidly by offering free tokens. More people trading the new tokens…
Kelly Criterion Betting. Bet sizes were optimized for long-term wealth maximization using the Kelly criterion, a mathematical method that transformed gambling and investing. Adjustments for transaction costs and psychological aspects are necessary for the formula’s practical implementation in volatile markets, such as cryptocurrency, where optimal bet sizes are calculated based on winning probabilities. This article will define the Kelly Criterion Betting, describe its operation, discuss its potential applications in cryptocurrency trading, compare it to the Black-Scholes model, and outline its advantages and disadvantages. What is Kelly’s Criterion for Betting? Mathematically, the Kelly criterion determines the optimal size of a series…
Trump’s Crypto Platform. The Republican National Convention has approved President Donald Trump’s revised Republican Party program. Except for a crypto policy that promotes innovation, the rest is typical Republican fare. While it’s great that Trump has pledged to protect Americans’ rights to mine Bitcoin, self-custody digital assets, and transact freely, the platform severely lacks one component. That was an oath to shield decentralized project creators from judicial meddling and possible criminal charges. Biden Administration Hostile Ripple and Coinbase are only two examples of the crypto firms that have faced hostility from the Biden administration. The creators of privacy-preserving technology have…