Bitcoin
What to expect from Bitcoin 2024
Published
4 months agoon
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adminThe man who could be re-elected as president in November will be on stage at Bitcoin 2024, in a landmark moment for the world’s biggest cryptocurrency.
The Bitcoin 2024 conference is just around the corner, with thousands of devotees set to descend on Nashville to talk all things crypto.
There’s several things that look set to be different this year. For one, the event’s taking a break from Miami for a while, where the industry’s best and brightest had gathered in a cavernous convention center.
Sentiment surrounding BTC will also be much more upbeat. The world’s biggest cryptocurrency was trading at $26,832.21 on the first day of Bitcoin 2023 in May last year. It’s since accelerated by more than 140%.
The make-up of attendees has changed dramatically in recent years as adoption grows — moving away from a small number of nerds to a rich and diverse range of investors, entrepreneurs, developers and influencers.
January’s approval of exchange-traded funds based on Bitcoin’s spot price has had a seismic impact when it comes to institutional investors, meaning we could see a greater presence from Wall Street between July 25 and 27.
But the most headline-grabbing announcement of all is that Donald Trump, the Republican Party’s newly minted presidential nominee, will be taking to the stage in Tennessee — despite recently being the subject of an assassination attempt.
It’s hard to emphasize how much of a significant development this is for Bitcoin, and a reflection of how far this feisty, decentralized cryptocurrency has come in recent years.
Why? Because it cements how BTC has become an issue of national importance for voters — and part of the political discourse. Just a few years ago, it seemed fanciful that a U.S. presidential frontrunner would ever carve time out of a campaign schedule to attend.
It’ll be interesting to see whether Trump offers any insights into his legislative priorities for crypto — hints about what Bitcoiners could expect if he makes it back into the Oval Office. Any tangible announcements would have the potential to move markets in real-time.
That being said, it’s just as likely he’ll wheel out his usual criticisms of President Joe Biden, not to mention Gary Gensler’s record as chair of the Securities and Exchange Commission, and end up taking his speech wildly off topic by talking about something that has nothing to do with Bitcoin.
Reports have also suggested that the conference will double up as a fundraising drive — with Bitcoin Magazine CEO David Bailey hoping to raise $15 million in contributions to Trump’s campaign.
Trump isn’t going to be the only politician on stage either, far from it. Tennessee Senator Bill Hagerty is appearing on a panel exploring the policy outlook for Bitcoin in 2025, which could offer clues on how Congress plans to tackle legislation after the election. His colleague Marsha Blackburn will also be sharing a stage with one-time Republican presidential candidate Vivek Ramaswamy.
Beyond that, it’ll be a roll call of the usual faces that appear year after year. MicroStrategy’s executive chairman Michael Saylor is set to give a 30-minute keynote, fresh from his company snapping up 1% of the Bitcoin that will ever exist to hold in reserve. Cathie Wood’s another firm favorite of the crowd, as is Custodia Bank’s Caitlin Long.
As ever, there are also a few attendees that are bound to cause controversy. One of them is the British comedian Russell Brand, who has faced multiple accusations of sexual assault and inappropriate behavior from several women. He’s faced an investigation from police and has been questioned by detectives.
The fallout from reports of his conduct in the British press has been severe. Brand was dropped by his agent, who said they had been “horribly misled” by the fallen star. A nationwide comedy tour was canceled, while his YouTube stopped his page from receiving advertising income.
He’s now moved away to a lesser-known video-sharing site called Rumble, with his politics lurching even further to the right. Brand even made an appearance at the Republican National Convention in Milwaukee. While some Bitcoiners will welcome his appearance with open arms and rail against what they call “cancel culture,” you’ve got to wonder about the message this sends to women — many of whom will be in attendance.
Beyond the usual chin-scratching conversations about mining, banking, and regulation, there will probably be another glaring omission at Bitcoin 2024: the lack of a huge rabbit-out-of-the-hat announcement as seen when Nayib Bukele declared that El Salvador was embracing BTC as legal tender back in 2021.
Despite all of that, this is shaping up to be a news-making conference. Who knows, we could even see some TV networks take Trump’s speech live, potentially introducing Bitcoin to countless Americans in the process.
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Bitcoin
Q2 Bitcoin Mining Costs Spike To Nearly $50K
Published
9 hours agoon
November 4, 2024By
adminThey say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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Bitcoin
KYVE Network plummets, Undeads Games exhibit triple-digit
Published
1 day agoon
November 4, 2024By
adminKYVE Network has emerged as the top gainer as per the latest data with its 340% surge in the last 24 hours.
According to the latest data from CoinGecko, KYVE has shot up from a 24-hour low of $0.01307 to as high as $0.57877 but plummeted to $0.03183 at last check Sunday.
A closer look at different timeframes shows that KYVE was up by 220% in the last seven days.
The price surge, and subsequent plummet, happened while the overall market was dumping. The latest data shows that the global crypto market cap is down by 2.5% in the last 24 hours.
One of the possible developmental reasons for the surge is the recent release of their beta testing phase 2.
Undeads Games rises close to 200%
The second token on the top gainers list is UDS, with a price surge of 190%. According to CoinGecko data, UDS is up from a 24-hour low of $0.1712, and to as high as $0.7597.
At press time, the token is trading at $0.5623 — roughly a 700% surge in the last seven days. This upward movement has helped UDS hit the $28.1 million market cap.
However, the exact reason for the pump is unclear. There haven’t been any major announcements or project milestones that helped the coin achieve this price surge.
Bitcoin (BTC), which managed to climb above the $72,000 level a few days back, has reversed course in the last 24 hours.
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Bitcoin
Trump’s Polymarket lead weakens, Bitcoin drops to $68,000
Published
1 day agoon
November 3, 2024By
adminPolymarket data shows Republican presidential nominee Donald Trump’s lead over his Democratic opponent, Vice President Kamala Harris, has weakened but remains dominant.
As per the data, the twice-impeached former president’s odds declined from 66.9% to 54%.
Meanwhile, Harris has seen a substantial increase in her chances, rising from 33.5% to 46.1%. This shift reflects changing market sentiment as Election Day, Nov. 5, approaches.
Built on the Ethereum blockchain, Polymarket allows its users to buy and sell shares in different real-world outcomes by betting a stablecoin (USDC), rather than more volatile cryptocurrencies.
According to the Wall Street Journal, a Polymarket gambler known as Théo is wagering more than $30 million on a Trump victory.
Iowa poll, Epstein tapes
The shift in momentum comes as the latest Des Moines Register/Mediacom poll results bode well for Harris.
According to Ann Selzer, a prominent American pollster known for being highly accurate, Harris leads Trump in Iowa by three percentage points.
According to the poll, Harris retained 47% support compared to Trump’s 44% among likely voters. This represents a major swing from September’s poll, which showed Trump having a 4-point advantage.
Selzer told Newsweek that the same methodology was used this year as in 2016 and 2020 — two years when Trump won Iowa.
Meanwhile, The Daily Beast recently published recordings from interviews author Michael Wolff conducted in 2017 with convicted sex trafficker Jeffrey Epstein.
Epstein, who spoke at length during the interviews about his decade-long friendship with Trump, died in August 2019 at a New York City prison, where he was awaiting trial.
Trump and Harris have varied crypto stances
The candidates’ positions on cryptocurrency regulation have become increasingly relevant to investors. Trump has emerged as a vocal supporter of crypto.
He has even made a public commitment to back cryptocurrency during a May event at Mar-a-Lago. Trump’s campaign’s decision to accept crypto donations further strengthens this pro-crypto stance.
Harris’s approach to crypto has been more measured. In September, she indicated her administration would support crypto as part of a broader strategy to enhance economic competitiveness.
While her statements have been less definitive than Trump’s explicit endorsements, Harris received an endorsement from Ripple(XRP) co-founder Chris Larsen, who donated over $11.8 million to her campaign.
Larsen told CNBC that he believes the Democratic candidate will take a completely different approach to crypto than President Joe Biden, who has been criticized for picking Gary Gensler to chair the U.S. Securities and Exchange Commission.
As state polls and Polymarket predictions continue to show volatility, Bitcoin’s (BTC) price has reflected the uncertain political environment.
This is evident from its recent price drop to $68,000. According to the latest data, the global crypto market cap has plunged by 1.95% to $2.28 trillion.
Bitcoin went as low as $67,300 but managed to climb above $68,000 at press time. Ethereum (ETH) is no exception, as it fell to the $2,400 level.
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