Author: Max Bauer
The U.S. government has cleared a major hurdle in its efforts to sell off Bitcoin seized from the now-defunct Silk Road dark web marketplace. According to blockchain analytics firm Lookonchain, the Supreme Court’s decision not to hear a case filed by Battle Born Investments grants the government full control over 69,370 Bitcoin, currently valued at approximately $4.33 billion. This decision comes after a lengthy legal battle. The funds were initially seized in 2020 and linked to an unnamed individual associated with Silk Road, often referred to as “Individual X.” Battle Born Investments, whose claim to the Bitcoin remains unclear, had…
A new report from Standard Chartered suggests that the price of Solana could increase by fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election. Standard Chartered: Solana, Ethereum and Bitcoin Could 5x,4x, 3x Respectively Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, outlined his predictions in a Tuesday note. He also forecasted that Ethereum could rise fourfold and Bitcoin could triple in value under a Trump presidency. However, if Kamala Harris were to become president, Kendrick expects Bitcoin to outperform Ethereum, which would in turn outperform Solana. He envisions Bitcoin reaching…
Cryptocurrency analysis firm QCP Capital has predicted that the cryptocurrency market will see a resurgence as the recent rally in Chinese stocks fades. QCP Capital Believes Cryptocurrencies Remain Strong In a statement released today, QCP Capital noted that the Chinese government’s failure to introduce new economic stimulus during a recent briefing had caused the Chinese stock market to falter after a week-long holiday. This, in turn, led to a decline in the MSCI APAC equity index, marking its largest drop in a month. Meanwhile, US equities also experienced a decline, driven by falling megacap tech stocks and rising geopolitical tensions.…
The Cosmos Hub, a blockchain network aiming to be the “internet of blockchains,” has been rocked by the ouster of the co-founder and general manager of Atom Accelerator DAO, a crypto cooperative that has distributed millions of dollars to support the Cosmos ecosystem. Several Executives Departing at Cosmos The dispute that led to the removal of Youssef Amrani centered around the issuance of performance bonuses to Atom Accelerator employees. Following a unanimous vote on September 25th, Amrani was dismissed from his position, effective September 30th. Atom Accelerator, endowed with millions in cryptocurrency, has a dual mission: to promote the Cosmos…
A U.S. bankruptcy judge has greenlit a reorganization plan for FTX, paving the way for potential repayments to creditors two years after the crypto exchange’s dramatic collapse. The decision, handed down by Judge John Dorsey on October 7th, marks a significant milestone in the ongoing legal saga surrounding FTX. FTX Repayments to Clients will be in Cash and Interest The approved plan allows for the distribution of funds to creditors, with 98% expected to receive at least 118% of their claim value in cash. This move follows a prior vote by creditors, with approximately 94% of “dotcom customer entitlement claims”…
Speculation spread after Samson Mow, a prominent figure in the Bitcoin space, hinted at the potential reveal of Satoshi Nakamoto’s identity in the upcoming HBO documentary, Money Electric. Mow, who is set to appear in the documentary, made a surprising claim on social media, suggesting that the individual to be unveiled as Satoshi Nakamoto is none other than Adam Back, the CEO of Blockstream. Bets on Adam Back being Satoshi Nakamoto surged to 76% following Mow’s tweet, temporarily taking the top spot on Polymarket. Although the percentage has since dropped to 12.3%. However, Adam Back stated in his statement that…
A new proposal for the Ethereum blockchain could significantly improve its transaction processing speed, potentially making it more competitive with faster blockchains like Solana. Ethereum Speed Boost Could Save $100 Million The Ethereum Improvement Proposal (EIP), officially designated EIP-7781, was submitted on October 5th by Ben Adams, co-founder of Illyriad Games. If implemented, the upgrade would streamline ETH’s operations in two key ways: While ETH boasts robust security and decentralization, it has historically struggled with transaction speed and fees compared to newer blockchains. EIP-7781 represents a potential solution, offering a significant speed boost (up to 50% faster transactions) while maintaining…
In a recent research report, JPMorgan analysts have pinpointed several pivotal factors that could significantly shape the cryptocurrency market in the coming months. These factors, spanning technical, geopolitical, and structural events, are likely to drive price movements and overall market sentiment. JPMorgan Analysts Assess the Impact of “Uptober” on Crypto Among the key catalysts identified, the analysts highlighted the historical “Uptober” trend, a phenomenon where Bitcoin has exhibited strong performance in October. The report noted that over 70% of all Octobers have seen positive returns for Bitcoin, suggesting potential upward momentum this month. While the Federal Reserve’s interest rate cuts…
Cryptocurrency analysis firm MarktQuant has released a comprehensive assessment of the current market conditions, highlighting Bitcoin’s bullish momentum and Ethereum’s struggling performance. According to the report, Bitcoin’s price has been steadily consolidating above the $62,000 level, with increasing open interest indicating growing market participation. Positive cumulative volume delta (CVD) in the spot market further suggests strong buying interest. However, negative CVD in futures markets highlights potential risks and the need for continued monitoring. Ethereum, on the other hand, continues to underperform. Despite a slight improvement in its valuation, the asset remains in cash, indicating a lack of momentum. Ethereum is…
In a world where the identity of Bitcoin’s creator, Satoshi Nakamoto, remains as elusive as ever, cryptocurrency analysis firm Alphractal has released a report suggesting that the mystery itself might be influencing Bitcoin price. The report, released today, dives deep into how public fascination with Satoshi’s identity correlates with fluctuations in Bitcoin’s price. Analyzing Wikipedia page views and Google search trends since 2015, Alphractal has painted a curious picture where interest in Bitcoin’s creator spikes during key media events or significant price movements. Alphractal’s data indicates that moments of heightened speculation about who Satoshi might be often align with increases…