Bitcoin has hit a new all-time high of $72,000, with potential macroeconomic uncertainty and upcoming elections affecting its price. The approval of 11 spot bitcoin exchange-traded funds by the U.S. SEC and the upcoming 4th Bitcoin Halving event in mid-April are two key factors contributing to its positive performance. The halving process, which reduces bitcoin's supply, is expected to have a positive impact on its price and could lead to increased mainstream adoption in 2024. While the impact of the halving on the BTC market in 2024 and beyond remains to be seen, smart traders and investors understand the importance of history repeating itself.
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Bitcoin Halving and ETFs Could Lead to Mainstream Adoption by 2024
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Analyst: Bitcoin's recent surge may have given investors a false sense of security
George Milling-Stanley, Chief Gold Strategist at Dow Jones Global Investment Management, believes that the recent surge in Bitcoin may give investors a false sense of security. Milling-Stanley stated, "Simply put, Bitcoin is an investment seeking returns, which suggests that investors are flocking to Bitcoin for capital gains, not because they see the value or use of Bitcoin." The launch of options based on spot Bitcoin ETFs last week may be related to this, as options allow investors to bet on the price volatility of Bitcoin with less cash instead of buying Bitcoin itself. -
UK court dismisses Craig Wright's appeal against COPA
On November 29th, according to BitMEX Research, the UK Court of Appeals has dismissed Craig Steven Wright's (CSW) appeal against the Cryptocurrency Open Patent Alliance (COPA), ruling that he lacked any substantive basis. In the case, CSW also complained that the court had adopted evidence from @lopp (James Lopp), but @lopp did not appear as a witness, which the court found to be unfounded. CSW's attempt to prove his claim as the author of the Bitcoin white paper, Satoshi Nakamoto, has once again been thwarted. -
Japan's Financial Services Agency warns 5 unregistered overseas cryptocurrency exchanges
On November 29th, according to CoinPost, the Japanese Financial Services Agency issued warning letters to five unregistered overseas cryptocurrency exchanges. These exchanges include KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited. -
Google asks appeals court to overturn Epic Games antitrust victory
Google has requested the US Appeals Court to overturn a lower court's ruling on Epic Games' antitrust lawsuit, which would force Google to allow third-party app stores and payment solutions to operate through its Play Store app marketplace. -
Ansem: Coinbase is very likely to list top virtual ecosystem tokens, as it has already listed DEGEN
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Andy Ayrey: Truth Terminal treasury funds are being migrated, users do not need to panic
On November 27th, Truth Terminal founder Andy Ayrey posted on X, stating that the Truth Terminal treasury is undergoing its final migration. There is no need to panic due to changes in funds, as all funds are being transferred to an appropriate, globally distributed multi-signature. -
U.S. consumer confidence improves again in November, reaching a two-year high
Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023. -
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The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
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