Bitcoin supporter Javier Milei leads Argentina’s presidential election
According to Bloomberg, in the upcoming presidential election, Argentine liberal and bitcoin supporter Javier Milei is leading in the polls over Economic Minister Sergio Massa.
Bitcoin has settled more than 40 million transactions in a single quarter for the first time since its launch in Q3 2023
According to Unfolded data, since its launch in the third quarter of 2023, Bitcoin's settlement transaction volume has exceeded 40 million for the first time in a single quarter.
Cathie Wood: Bitcoin is ‘digital gold’ as a deflation hedge
Cathie Wood, a well-known fund manager in the United States, said that in order to guard against possible inflation in the next decade, she would not hesitate to bet on Bitcoin rather than gold or cash. The head of ARK Investment Management reiterated her view that with the support of new technologies such as artificial intelligence, electric vehicles, robotics, genome sequencing, and blockchain, she expects prices to enter a period of decline. This has been her consistent view since 2021, even as the market focuses on the new era of increasing inflation risks. When asked by Bloomberg's "Merryn Talks Money" podcast which of the three assets (Bitcoin, cash, and gold) she would choose to hold for 10 years, Wood said, "Bitcoin, without a doubt. Bitcoin can hedge against both inflation and deflation, and there is no counterparty risk because institutions are hardly involved."
Binance: BTC network wallet maintenance has started and will last about 30 minutes
Binance posted on social media X that BTC network wallet maintenance has begun. All withdrawals on the BTC network will be suspended for about 30 minutes. Deposits are not affected, and once maintenance is completed, withdrawals will resume.
OCCRP: Nayib Bukele embezzled funds to make Bitcoin legal tender in El Salvador
According to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP), Salvadoran President Nayib Bukele misappropriated funds to complete Bitcoin-related projects in the country. The report, released on October 31, stated that the government used resources provided by the Central American Bank for Economic Integration (CABEI) as a loan to fund the process of making Bitcoin a legal currency in the country.
The loan was provided by CABEI in 2021 to alleviate the country's economic problems and strengthen financing for small and medium-sized enterprises (SMEs) during the Covid-19 pandemic. According to the investigation, only a small portion ($20 million) of the $600 million loan was used for its intended purpose.
According to budget documents reviewed by OCCRP colleagues in the country, $425 million was used to fulfill "general national obligations," with over $200 million of that amount used to help make Bitcoin a legal currency in El Salvador. (Bitcoin.com)
7,000 BTC transferred to Bitfinex
Whale Alert monitoring shows that at 07:57 today Beijing time, 7,000 BTC (worth about $244,457,443) were transferred from an unknown wallet to Bitfinex.
Strike launches new features including direct deposit, wire transfers and card payments
The lightning payment application Strike announced the launch of new features such as direct deposit, wire transfer, and bank card payments. Specifically, it includes: 1. Supporting wire transfers, allowing Strike customers to transfer unlimited funds and purchase any amount of Bitcoin, all of which can be withdrawn immediately; 2. Direct deposit, allowing users to receive any portion of their wages paid in Bitcoin through Strike; 3. Expanded support for payment methods, including debit cards and enhanced bank connections; 4. Some customers can use Strike together with their associated payment methods without having to pay a deposit first, use a debit card for lightning payments, and send Bitcoin to a cold wallet using a bank account.
Bitcoin miner Marathon Digital partners with Nodal Power for pilot project using methane gas to power mining operations
Bitcoin mining company Marathon Digital has launched a pilot project in Utah that uses methane gas from landfill waste to generate electricity for its mining operations. The company partnered with renewable energy firm Nodal Power for the 280 kW test project, which may be expanded if successful. Other mining companies have also been exploring alternative energy sources to power their operations and reduce greenhouse gas emissions, such as using wasted natural gas. Marathon CEO Fred Thiel said the project could help the company diversify its operations, lower energy costs, and improve the environment.
EDXM Confirms Delisting of Bitcoin Cash from Trading Offerings
EDXM, a virtual asset exchange based in the US, has confirmed that it will delist Bitcoin Cash (BCH) from its trading offerings. The exchange did not provide specific details regarding the reasons for delisting BCH, but it has previously cited regulatory considerations as a factor in its selective approach to cryptocurrency listings. <br>
Onyx announces launch of $40 million XCN token facility to compensate damaged users
Onyx, a DeFi protocol, suffered a security attack of approximately $2.1 million. In order to ensure proper compensation for users, they have decided to use the XCN token facility, which is jointly owned by institutions such as LDA Capital, and worth $40 million. Onyx DAO will sell XCN tokens from their treasury through this facility to directly provide compensation for the losses caused by the attack on the Onyx Protocol, ensuring that affected users receive the funds they are owed. <br>
Switzerland’s fifth-largest state bank partners with SEBA to launch Bitcoin and Ethereum custody and trading services
According to St. Galler Kantonalbank (SGKB), the fifth largest state-owned bank in Switzerland, it has announced a partnership with SEBA Bank to provide its customers with custody and trading services for Bitcoin and Ethereum. SGKB stated that it plans to further expand its digital asset services and add more cryptocurrencies based on customer demand. <br>
Allianz Chief Economic Advisor: Bitcoin is becoming a ‘safe flight’
Mohamed A. El-Erian, the Chief Economic Advisor of Allianz and former CEO of Pacific Investment Management Company, said that Bitcoin is becoming a "safe flight". Bitcoin is replacing long-held U.S. Treasury bonds, which have long been seen as a safe haven for safety or quality. Considering the continued development of global geopolitics, although the U.S. Treasury Department can still play this role, the situation may change in the future.
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%.
