Bitcoin’s computing power reached a new high on the 7-day SMA, reaching 464 EH/s
On November 2nd, it was reported that the Bitcoin hash rate continued to rise, reaching a new high as of November 1st, 2023. According to the 7-day simple moving average (SMA), the network hash rate reached a record high of 464 EH/s for the first time; the 3-day SMA showed that the network hash rate soared even higher, reaching 468 EH/s.
Bankless co-founder: Bitcoin may be surpassed due to lack of programmable block space feature
Crypto-currency consulting platform Bankless co-founder Ryan (@RyanSAdams) wrote on X platform that Bitcoin has always been important, but because of the lack of programmable block space, like calculators being replaced by computers, Bitcoin will also be surpassed. Programmable blockchains are important because they will allow users to perform on-chain transactions, lending, minting, and other operations that can replace banking systems and achieve no banking system operations.
At the same time, Ryan stated that a small percentage of cryptocurrencies will receive special "currency" status, and it will take decades for the premium of these currencies to be realized. Only the most decentralized cryptocurrencies can obtain special status, and currently BTC and ETH have a significant lead.
Bulgarian football team Botev Plovdiv FC’s payment system will support BTC and Lightning Network
Botev Plovdiv FC, a Bulgarian football club, has integrated BTC and Lightning Network into its payment system and joined the decentralized protocol Nostr. Fans can use BTC for peer-to-peer payments at the Botev Plovdiv FC store and during Bulgarian Parva Liga matches. The club's Bitcoin director, George Manolov, emphasized the huge opportunities that Bitcoin provides in terms of technology, social impact, and finance.
Binance will conduct wallet maintenance on the Bitcoin network at 10:00 on November 3
According to an official announcement from Odaily Star Daily, Binance will perform wallet maintenance on the Bitcoin network (BTC) on November 3, 2023 at 10:00 (GMT+8), which is expected to take 30 minutes.
Please note:
- During the wallet maintenance period, users can still deposit and trade BTC digital assets/tokens on the Bitcoin network as usual.
- Binance will suspend BTC withdrawal services on November 3, 2023 at 10:00 (GMT+8).
- Binance will reopen BTC withdrawal services on the Bitcoin network after the wallet maintenance is completed, without further notice.
Three Bitcoin whales that were sleeping at the same time in November 2017 transferred a total of 6,500 BTC today
According to BitInfoCharts data, three Bitcoin whales that had been dormant since November 2017 simultaneously transferred a total of about 6,500 BTC around 2:45 am today, earning approximately $170 million at market prices. The three addresses are:
16XwK6UZKQxYEkYzZjP55kNzxDFq1GkBM2;
1ByTg4UG5TD9Pt84ww2GJupmkFNSg7WX9a;
1LVY5FG4knNDYhGGxutDf6Vh33SjEEAepC.
CICC released the performance of major global asset classes in October: Bitcoin ranked first with a gain of 28.8%
China International Capital Corporation (CICC) released the performance of global asset classes (denominated in US dollars) for October 2023. Among them, alternative asset Bitcoin ranked first with a return of 28.8%, natural gas ranked second with a return of 22.1%, and gold ranked third with a return of 7.3%.
MicroStrategy once again increased its holdings of 155 BTC, and the average buying price was updated to $29,586.
MicroStrategy announced its Q3 2023 earnings report, which showed that the company had once again increased its BTC holdings by 155 coins at a price of $5.3 million in October.
As of October 31, 2023, MicroStrategy holds a total of 158,400 bitcoins, with a total cost of $4.69 billion and a holding cost of $29,586 per coin.
Bitcoin broke through $35,000 this morning, rising 3.16% in 24 hours
According to OKX market information, Bitcoin broke through $35,000 this morning and is now priced at $35,374, with a 24-hour increase of 3.16%.
Canadian MP Honors Bitcoin's 15th Anniversary and Satoshi Nakamoto's Vision
Canadian Member of Parliament Joël Lightbound celebrated Bitcoin's 15th anniversary and praised its anonymous creator, Satoshi Nakamoto, on the Parliament floor. Lightbound also disclosed his personal ownership of Bitcoin and emphasized the importance of understanding the cryptocurrency rather than just investing in it. He acknowledged Bitcoin's roots and its evolution as a beacon of hope for the underbanked and those under oppressive governance. The mention of U.S. SEC chief Gary Gensler's recognition of Nakamoto's creation in reshaping economic frameworks garnered attention, despite his unexpectedly challenging crypto position post his SEC appointment.
Report: 72% of UAE respondents prefer Bitcoin
KuCoin recently released an investigation report, which attracted 597 cryptocurrency investors from the United Arab Emirates. 72% of the respondents prefer Bitcoin. About 48% of UAE cryptocurrency users expressed concerns about the lack of trust in cryptocurrency platforms, and 32% of respondents believe that the lack of cryptocurrency education and awareness is a major challenge in the region. This reflects the urgent need to cultivate trust and strengthen education promotion in the cryptocurrency field.
1,290 BTC transferred from unknown wallet to Binance
According to Whale Alert monitoring, 1290 BTC (about $44,478,571) was transferred from an unknown wallet to Binance.
Pantera Capital executive: Stablecoin providers need to offer money market yields to stay competitive
According to a report by Jinse Finance, a Pantera Capital executive stated that the stablecoin industry will undergo a transformation as providers need to offer currency market returns to remain competitive. While BTC and ETH have been "very successful," they have not met many people's initial expectations for cryptocurrencies. Fifteen years after the release of the BTC white paper, its status as a good alternative currency has been undermined due to its lack of speed and scalability.
2905 BTC transferred from unknown wallet to unknown wallet
According to Whale Alert monitoring, 2905 BTC (approximately $100,351,765) was transferred from an unknown wallet to another unknown wallet.
Gary Gensler: Congratulations on the 15th anniversary of the BTC white paper, which set the course for cryptocurrency
According to Gary Gensler, Chairman of the US SEC, in a post on X platform, he congratulated Satoshi Nakamoto on the 15th anniversary of his famous white paper, which paved the way for cryptocurrencies. Any cryptocurrency company that deceives investors should start complying with securities laws.
Cointime's evening highlights for October 31st
1.Spain to implement EU crypto asset market law in December 20252.dYdX Chain Goes Live, Launches Bridging UI for Token Conversion3.Bitcoin Profit Addresses Number at 39.1 Million, Record High4.SushiSwap Community Launches Governance Reform Proposal, Proposes to Put DAO Back in Control of Governance5.SINOHOPE and Alpha Blockchain Capital Partner to Launch 100% Virtual Asset Investment Fund6.Solana Foundation: Firedancer, a node validator developed by Jump Crypto, has gone live on the test network7.Nansen: FTX has transferred a total of $156 million worth of crypto assets in recent days
Bulgarian football club Botev Plovdiv FC adopts Bitcoin and Lightning Network
Bulgarian football club Botev Plovdiv FC has adopted Bitcoin and the Lightning Network, and has joined the decentralized protocol NOSTR. Fans can use Bitcoin for peer-to-peer payments at the Botev Plovdiv football club's fan shop and during matches of the Bulgarian top league, the Bulgarian Parva League. The club also plans to expand Bitcoin payment methods for ticketing and its online store.
The Bitcoin Wikipedia page was viewed 13,490 times on October 24, a new high since June 2022.
On October 31, The Block reported that the Bitcoin Wikipedia page had reached 13,490 views on October 24, setting a new high since June 2022.
Rebecca Stevens, a researcher at The Block Research, said that the increase in Bitcoin prices last week and news about the possible approval of a physical Bitcoin ETF may have stimulated the increase in page views.
It’s been 15 years since the release of the Bitcoin white paper
15 years ago, Satoshi Nakamoto published the Bitcoin white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on the P2P Foundation website, which forever changed the financial world. The Bitcoin network was officially launched on January 3, 2009, with an initial trading price of 0.0008 US dollars. Today, Bitcoin has gradually appreciated more than 43 million times since its launch.
Bitcoin Wikipedia page views jump to highest since June 2022
The pageviews of the Bitcoin Wikipedia page surged last week to the highest level since mid-2022. According to data from The Block dashboard, the pageviews of the Bitcoin Wikipedia page on October 24 reached 13,490, the highest since June 2022. The Block Research analysts stated that the increase in pageviews may have been stimulated by the good news of BTC's rise and the possibility of approval for a spot Bitcoin ETF.
Nearly 70% of Bitcoin Supply Has Not Moved in Over a Year
According to Galaxy Research data , 83% of Bitcoin's supply was last transferred when the price was lower than it is now, and nearly 70% of the supply has not been transferred for over a year.
