Author: cointechies

U.Today – As the crypto market faces a sell-off, a statement by mysterious creator Satoshi Nakamoto has resurfaced and is attracting the attention of the crypto community. This statement, also echoed by Bitcoin historian Pete Rizzo, emphasizes the concept of scarcity, which remains key to Bitcoin's value proposition. “Satoshi Nakamoto talked about the scarcity of $0 Bitcoin exactly 15 years ago. Only 21 million,” Rizzo wrote while sharing his historic statement on X. A statement from the Bitcoin founders reads: “(Lost) coins can never be recovered. As the effective circulation decreases, the value of all remaining coins will be marginally…

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U.Today – A series of corrections and liquidations in the cryptocurrency market caused a significant setback, resulting in a loss of $100 billion in market capitalization. Recent data shows this dramatic decline, with market capitalization falling from $3.82 trillion to $3.62 trillion in a matter of hours. Such a sharp decline is indicative of more general structural issues, primarily related to market-wide overleverage. The major cryptocurrency at the center of this turmoil is . Despite previously showing resilience, its chart now shows it is in a significant correction phase. The psychological $100,000 level turned out to be a strong barrier,…

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Check out the latest information in Spanish. Iran has changed its strategy towards digital currencies and decided to regulate rather than limit the cryptocurrency industry. The decision was announced by Minister of Economy and Finance Abdulnasser Hemmati at a national event in Tehran, stating that it aims to minimize the risks associated with cryptocurrencies while maximizing their benefits. Ta. The country's central bank will be responsible for managing all digital assets. From setting the regulatory framework and helping financial institutions adopt digital assets, to monitoring transactions and ensuring compliance, everything is up to central banks. It has already published a…

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Important points Polymarket traders predict that Microsoft shareholders are unlikely to support the Bitcoin investment proposal. If approved, allocating 1% to Bitcoin would make Microsoft the 10th largest public company to hold Bitcoin. Share this article Microsoft's shareholder vote on its Bitcoin investment proposal is approaching, but prediction market traders believe the proposal is unlikely to pass.Polymarket investors predict that Microsoft shareholders will not approve the Bitcoin investment proposal, estimating the chance of a positive vote being only 11%. Support for the party initially peaked at 22% when the poll began, but has since declined.The much-anticipated vote will take place…

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Cryptocurrency industry leaders are outraged over the recent discovery of documents showing that the Biden administration directed banks not to engage in crypto business.The documents discovered are said to confirm allegations that the founders of cryptocurrency technology were being “debanked” under a program colloquially known as “Operation Chokepoint 2.0.” There is. Chris Lane, Silvergate Bank's former chief technology officer, accused federal regulators of contributing to the bank's collapse after documents were released Friday. “Silvergate has become a company serving crypto customers,” Lane wrote on social media. “[Cryptocurrency]was a strategic vertical that we started focusing on in 2013. Around spring 2023,…

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In a statement at the MENA conference in Abu Dhabi, Eric Trump predicted that Bitcoin's value would eventually rise to $1 million. His remarks came as the cryptocurrency surpassed the $100,000 level for the first time last week, but has since adjusted to its current trading price of $98,049. This increase in value represents a significant increase from the election day price of $69,374. The conference focused on the ongoing conversation surrounding the introduction of cryptocurrencies into the global financial system. Eric Trump used the opportunity to praise his father Donald Trump's efforts in creating a U.S. regulatory environment that…

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