Author: Max Bauer

Bitcoin could retest its all-time high, exceeding $73,000, on November 5th, coinciding with the US presidential election, according to Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered. Kendrick’s forecast is based on an analysis of bitcoin derivatives and trading volume indicators. Standard Chartered Expects Even More Gains for Bitcoin if Donald Trump Wins “We utilize daily bitcoin volume levels and prominent strike levels to project post-election price fluctuations. Our base case anticipates a bitcoin price of approximately $73,000 on election day,” Kendrick stated in an email communication on Thursday. Kendrick’s analysis delves into potential price scenarios based…

Binance’s head of global intelligence and investigations, Tigran Gambaryan, has been released from Kuje prison in Nigeria after an eight-month detention, a family spokesperson confirmed to CoinDesk on Thursday. Gambaryan’s release came just a day after local prosecutors dropped charges against him, ending an ordeal that began with his detention in February. Gambaryan was held in Kuje prison, a facility known for housing dangerous criminals, including members of the terrorist group Boko Haram. His applications for bail were repeatedly denied, but on Wednesday, authorities approved his release to seek medical attention abroad. The Nigerian Economic and Financial Crimes Commission (EFCC)…

CryptoQuant, a leading cryptocurrency analysis firm, has issued a positive assessment of Bitcoin’s network fundamentals, suggesting that the digital asset is poised for further growth. The firm noted that Bitcoin’s hashrate, a measure of computing power used to mine new blocks, has reached an all-time high. This surge in hashrate indicates increased mining competition and has driven up mining difficulty to unprecedented levels. CryptoQuant believes that the rising hashrate and mining difficulty contribute to Bitcoin’s intrinsic value, making it a more attractive investment for sophisticated investors. Additionally, the number of active Bitcoin addresses has been steadily increasing since mid-September, signaling…

Peter Todd, the Canadian developer who was recently identified as a potential candidate for the creator of Bitcoin in a new HBO documentary, has vanished from public view amidst the controversy surrounding the allegations. While Todd has repeatedly denied being Satoshi Nakamoto, the documentary presented evidence suggesting his involvement. The revelation has sparked intense speculation and debate within the crypto community. Following the release of the documentary, Todd has become increasingly elusive, avoiding public appearances and media interviews. His disappearance has only fueled rumors and further intensified the mystery surrounding the true identity of Bitcoin’s creator. “For the record, I…

Brad Garlinghouse, the CEO of Ripple Labs, has expressed his belief that the approval of an exchange-traded fund (ETF) for XRP is “inevitable.” This comes after years of legal battles with the U.S. Securities and Exchange Commission (SEC) over the classification of XRP as a security. Garlinghouse pointed to the recent success of Bitcoin ETFs, which have seen significant inflows of capital, as evidence of the growing institutional demand for cryptocurrencies. He said that the approval of Bitcoin ETFs has paved the way for other digital assets, including XRP, to gain exposure through ETFs. In recent weeks, Bitwise Asset Management…

The Federal Reserve’s Beige Book, a survey of economic conditions across the United States, paints a mixed picture of the economy, showing that while most regions have experienced little change in economic activity since early September, there are signs of both resilience and challenges. One positive sign is that inflation continues to be mild. While most districts reported slight or moderate increases in sales prices, the overall trend is for inflation to remain relatively tame. Despite lingering uncertainty, respondents to the survey expressed a slightly more optimistic outlook for the long term. This suggests that while the economy may face…

Leading cryptocurrency analysis firm QCP Capital reports that Bitcoin’s recent surge toward $69,000 reflects growing market confidence in a potential Trump presidency, with just two weeks until the U.S. elections. There Are Numerous Factors That Could Affect Bitcoin Price In The Next Few Weeks According to QCP Capital’s latest market analysis, Trump has extended his lead over Kamala Harris in betting markets, with key swing states showing Republican advantages. Markets are adjusting to this political shift, with discussions of increased tariffs and tax reductions driving up both the U.S. dollar and bond yields. The cryptocurrency market has shown significant strength,…

A Nigerian court has ordered the release of Binance executive Tigran Gambaryan after the government withdrew money laundering charges against him, allowing him to seek medical treatment abroad. US and Binance Officials Were Pushing for Gambaryan’s Release The Economic and Financial Crimes Commission (EFCC) dropped its case against Gambaryan, who had been detained at Kuje prison since February. The U.S. citizen, who serves as Binance’s head of financial crime compliance, had been charged alongside the cryptocurrency exchange for allegedly laundering over $35 million. “We have withdrawn the money laundering charges against Tigran Gambaryan to allow him to get medical treatment…

The Vietnamese government has unveiled an ambitious national strategy to establish itself as a leading blockchain technology hub in Asia by 2030, outlined in Decision No. 1236/QD-TTg signed by Prime Minister Ho Duc Phoc. The comprehensive strategy identifies blockchain as a key technological driver of the Fourth Industrial Revolution and aims to develop 20 regionally influential blockchain brands. The plan emphasizes building advanced digital infrastructure and enhancing data security across the nation. Key objectives include establishing at least three blockchain testing centers in major cities and positioning Vietnamese institutions among Asia’s top 10 blockchain research and training facilities. To achieve…

The UK’s Financial Conduct Authority (FCA) has staunchly defended its stringent approach to cryptocurrency regulation, amid growing industry criticism over what some see as excessive barriers to entry. Val Smith, director of payments and digital assets at the FCA’s authorized department, argued that maintaining high regulatory standards is essential for protecting consumers and preserving market integrity. “Innovation that is quickly built on unsafe, unregulated, and untrusted foundations may collapse,” Smith wrote in a recent article, emphasizing that relaxed standards would undermine market functionality and user protection. The regulator’s tough stance has led to notably low approval rates, with only four…