I know of at least two compelling reasons why Bitcoin will grow significantly. You can see their analysis here : https://teletype.in/@vladimirokhotnikov/P1UY0MVQXBo
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FTX pays off creditors, and the SEC questions the legality of these transactions. In a couple of weeks, the bankrupt exchange FTX will begin to partially distribute $16 billion to creditors. The full debt is planned to be repaid by the end of the fourth quarter of 2024. Traders expect that a significant part of the money will return to the market and lead to an influx of liquidity. But there are nuances ... After the temporary administration of FTX submitted an updated plan for repaying the debt to the company's creditors for approval by the bankruptcy court, the SEC intervened in the debt distribution process. According to the commission, it is unacceptable to pay off creditors' claims with digital assets and, accordingly, the agency is set to challenge the legality of such transactions. On the one hand, the SEC's actions are logical: the regulator does not want creditors to repay their debts in some candy wrappers from the top 500. On the other hand, it would be wiser t...
Looking for Stability: Non-Dollar Stablecoins Are Ready to Explode If you've ever used stablecoins, I’d bet it was dollar-based, right? You don’t need to be a fortune teller to make that guess since 99% of the market is tied to the greenback. But guess what? That’s about to change. Visa’s Head of Crypto, Cuy Sheffield, foresees the growing number of non-dollar stablecoins, and, honestly, it feels less like a prediction but more like common sense. More and more users are getting interested in stablecoins, pegged to other currencies. So, what’s driving this shift? A mix of regulatory updates and a growing demand for more flexible financial tools. People want digital versions of the currencies they already use. And, most probably, they will get them soon. According to Sheffield, we’ll soon see stablecoins representing all major fiat currencies. He finds it exciting and I couldn't agree more. It’ll bring new faces into crypto, making the industry even bigger. With familiar curr...
Donald Trump, as Always, Does not Miss the Opportunity to Hype This time, Trump decided to go to the New York bar PubKey and pay for burgers with bitcoins. It would seem cool - crypto, burger and Trump in one frame. However, the reality is that the transaction fee was several times higher than the cost of the burger itself. For hype, it does not matter how much the fee is and how long the transaction will take - after all, the main thing here is attention, not logic or benefit. By the way, the transaction time in the Bitcoin network sometimes reaches half an hour. And this is inconvenient. But sometimes, for the sake of advertising, you have to take absurd steps. Despite the fact that from the outside it may seem ridiculous, Trump understands perfectly well that even such seemingly absurdity works for his image. #btc #bitcoin #trump #PubKey #burger
How hackers offered Twitter users to make money on a pump, but ended up being deceived Once again, crypto villains surprise with their creativity: in the X network, such large accounts as Lenovo India, Yahoo and others were attacked by hackers. Only now, instead of a hidden hack, cyber fraudsters openly announced their actions and invited users to buy the meme token $HACKED, promising mutual enrichment. The hackers' plan almost succeeded: the token rate soared by 900%, but the community figured it out faster. After selling the coins, the token fell almost to zero. As a result, the hackers were able to earn only $8K, which clearly did not cover their costs for the cyber attack. In general, this is a story with an almost happy ending for the unfortunate investors who fell for the tricks of the scammers, but were able to minimize their losses. #HACKED #X #Twitter #Lenovo #Yahoo
How to Understand That the Airdrop Is From Scammers The world of cryptocurrencies is full of not only opportunities, but also dangers. As soon as you bought your first tokens, you became a target for scammers. Don't panic: just be vigilant, keep your cool, and then your hard-earned money will stay with you. If you don't want to lose money, strictly follow the rules that I have listed below: Do not trust letters from unfamiliar sources, especially if their authors do not speak English well or offer an implausibly large amount of money. If you are pushed to immediate action, this is a sure sign of fraud. See a letter or advertisement that talks about the last ten places that are just waiting for highly paid candidates? Feel free to throw it in the trash. Never share private keys. Never! Scammers love to pretend to be celebrities. Take a closer look at how your idol's profile is written. If Elon Musk suddenly declared his tender feelings for you and even sent you a couple hu...
AI Is Watching You: The Future of Crime Prevention or a Step Toward Surveillance? We live in an era where sci-fi is becoming reality. Remember Minority Report with Tom Cruise (2002)? In the film, criminals were arrested before they could commit a crime. As a result, the murder rate was almost reduced to zero. It seemed flawless, but... there’s always a ‘but’ when any system, even a human-based one, gains too much control. The film describes a not-so-distant future—2054. In 2002 it felt like a distant fiction, but here, in 2024, South Korea is now testing artificial intelligence to prevent crimes before they happen. It sounds incredible, but researchers assure that AI Dejaview achieved an impressive 82.8% accuracy in predicting potential crimes. Actually, it’s all about the analysis. The system analyzes real-time footage to detect and potentially stop criminal activity. Equipped with machine learning capabilities, Dejaview can recognize patterns and warning signs of po...
Is Monero Still a Safe Haven for Privacy? Unveiling the Truth Behind the Leak Imagine, privacy is your top priority, and you select cryptocurrency with this focus in the mind. After thorough research, you choose Monero. This crypto promises to keep your transactions invisible. So, you use it for years, confident that your financial movements are hidden from curious eyes. But then, you find out that this promise was just an illusion. How would you feel? Duped? Misled? Monero (XMR) mixes coins in a way that makes it impossible to link transactions to any identity. However, a recent leak of a Chainalysis video became a revelation for many. XMR may not be as untraceable as once thought. The now-deleted footage outlines methods that Chainalysis reportedly used to trace Monero transactions. For instance, the company collected transaction data from popular Monero wallets' default nodes. They also ran many Monero nodes in different regions and ISPs to capture IP addresses and timestamps....
From cryptocurrency to securities: what awaits blockchain projects? Regulators in the US and EU are increasing pressure on crypto projects. By winter 2024-2025, many cryptocurrencies and zero-level blockchains could be classified as securities. This threatens to sharply decrease their value. Even strong projects like Solana, Ripple, Cosmos, and Polkadot are vulnerable to regulatory risks. Currently, the market is driven by influential players, not fundamental indicators. Pay attention to the volatility in margin trading due to regulatory uncertainty. We need public action to protect ordinary investors from serious losses. Read more in the article . #cryptocurrencies #regulation #investments #blockchain
Residents of the Norwegian municipality of Hedsel are facing a sharp increase in electricity costs due to the closure of a BTC mining farm: the cessation of the farm's operation has led to an increase in electricity costs by 20%. The mining farm closed - income from electricity sales fell. And the compensation for this fell on the shoulders of the residents. It turns out that they complained about the farm, and in the end they received an increase in tariffs. The situation clearly looks like a misunderstanding between the authorities and the population. But the issue could have been solved differently: " We mined so many bitcoins when it cost so much. And now its price has increased by this much. If we wait a little longer, we can make money !" But the authorities decide to go the classic way: they found a problem - we close the farm, and everyone is happy. But what if we simply compensate residents for their electricity costs? At least partially. And the farm continues...
USDT Has Been Recognized as Property: How This Will Change the Crypto Market A court in the UK has decided that the digital currency USDT is the same property as money or shares. This means that cryptocurrencies will now operate under the same rules as regular money. For example: earned money on crypto — pay taxes; transferred crypto — wait for bank approval; have debts — cryptocurrency can be taken away to pay off these debts. However, now it will be possible to inherit not only debts, but also crypto. On the one hand, this is good news, since this step removes the uncertainty of the position of cryptocurrencies and strengthens trust in digital money. On the other hand, looking at the recent prosecution of Binance, one should not count on an improvement in the legal climate of the cryptocurrency market. Most likely, the legislation in the field of digital assets will change towards a tightening of the regulatory regime for stablecoins and other cryptocurrencies, especially in th...
A Weak Dollar Is a Sign of a Strong “National” stablecoins In response to the dollar's decline, the crypto market is reacting by creating stablecoins tied to stable national currencies. For example, Ripple plans to launch a stablecoin tied to the Japanese yen. Japan has everything to create a highly liquid cryptocurrency: the country has the largest economy in the world and offers a favorable business climate for development. Despite its conservatism, Japan became the first country to legally enshrine the concept of "crypto asset". Unlike the United States, Japan has a clear and transparent government policy that seeks to attract large companies and startups. The only thing that can slow down the success of a stablecoin is the adoption factor: the Japanese, who traditionally respect fiat, may be distrustful of the new coin. But it's a matter of time. #Stablecoin #Ripple # yen
What’s behind Tether's venture into farming? In the world of finance diversification is the key. It’s the mantra preached by all investing gurus. But do you follow this advice? Whether you’ve placed part of your portfolio in crypto, stocks, or other assets, spreading your investments evenly. It can help mitigate risk and maximize returns. In volatile markets like cryptocurrency the problem can be even more critical. Tether’s recent venture into agriculture is a bold reminder of the power of diversification. The company bought 9.8% of Latin America’s Adecoagro, a major player in the Latin American agriculture sector producing milk, sugar, and ethanol in Brazil and Argentina. Previously, Tether has been involved in Bitcoin mining, artificial intelligence, and digital education—all sectors within the digital world. So why this sudden shift to agriculture? Now Tether is a dominant player in crypto, so this move has sparked curiosity among analysts. Tether spokesperson des...
Bitcoin Won't Rise to $500,000 Until a Financial Crisis Happens I keep hearing: one company is buying bitcoins, another country is implementing crypto payments. Where is the growth: the one that many are waiting for? An example of recent news: “…Experts predict that in the next year and a half, American companies will invest about $10 billion in bitcoin. The reason why investors are planning to invest such amounts in bitcoin…”. To understand what these $10 billion can do for the market and whether they can affect the price, let's figure it out. Otherwise, such news does not make sense. Suppose one bitcoin costs ~$50,000, and $10 billion at the current price is a little more than 200,000 BTC. If we take into account the capitalization of ~$1 trillion, then $10 billion is approximately 1% of the total capitalization of bitcoin. Bitcoin's daily trading volume varies, but let's take the average for six months - about $20 billion per day. If the $10 billion purchase is sp...
Metaverses: Is the Future Here? I was into the idea of metaverses before it became mainstream! Back then I already saw the problem that people are only now facing. It would seem that we have everything to create virtual worlds. Imagination? Yes, please. Powerful computers? Sure. But here's the problem - this year, interest in metaverses has fallen. Even Zuckerberg's Horizon Worlds project hasn't taken off as expected. Do you know how many active users they have? Only 200,000 per month. For comparison, Facebook has 1 billion! I think it's all about uncomfortable helmets. Who wants to wear a brick weighing 500+ grams on their head? For example: Oculus Quest 2 weighs 500 grams - not at all comfortable. I dream of the day when lightweight, compact VR glasses appear, like in the movies. And so that the battery lasts not a couple of hours, but a whole day. We are waiting for VR glasses to become more affordable. Now the average price is about $400. But soon they will beco...
The Wall Street Journal decided to please us with another "sensation" about Tether. The title of the article is really eye-catching: "The Shadow Dollar Feeding the Financial Underworld." While we were sleeping, Tether, it turns out, created an entire "parallel economy" that the long arms of American law enforcement cannot reach. Although, you know who took everything that is possible and impossible: they even reached Durov through the French. And Russia, Venezuela, along with Iran, are like a bone in the throat of the United States, allegedly using USDT to bypass sanctions. Well, of course, because before the advent of cryptocurrencies, sanctions worked perfectly, and no one bypassed them. Tether, it turns out, prevents the United States from fighting arms dealers and scammers. Because crime did not exist at all before these damned tokens appeared. But in fairness, we can say that Tether prevents buying and selling weapons for real, not crypto dollars. U...
The End of Diseases and Aging: What's in Store for Us in the 2040s? Recently, Ray Kurzweil, a renowned futurist and former Google researcher, made a stunning prediction. According to him, as early as the 2040s, we will be able to merge with AI, creating a true superbeing. And this is not just a fantasy - Kurzweil outlined his ideas in his new book "The Singularity Is Nearer: When We Merge with AI". Just imagine: a world without diseases, where people live longer and perhaps even forever. It sounds like science fiction. But what if this is our near future? To be honest, I partly agree with Ray Kurzweil. The pace of AI development is simply astounding, and achieving artificial general intelligence (AGI) by 2029 seems quite realistic to me. We are already seeing how technology is penetrating our lives more and more deeply, and the next step - closer integration with our body and mind - seems like a logical continuation. The most important thing is the huge potential for so...
Bullish Trump, Bearish Harris: Bernstein Predicts Bitcoin's Fate After the Election The U.S. Presidential race has captured the attention not only of political enthusiasts but also the crypto world. Though crypto wasn’t mentioned at the debate between Kamala Harris and Donald Trump, all watched it with intense interest since its outcome is important. According to Polymarket, Harris outperformed expectations during the debate, with rumors of her using "audio earrings", forbidden by the rules, adding fuel to conspiracy theories. Despite all that, Harris managed to deliver an impactful performance. As a result, Harris-themed tokens surged, while Trump-themed political tokens suffered considerable double-digit losses and plunged deep into the red. Interestingly, Kamala Harris previously expressed her support for crypto and was ready to improve the industry. Yet Bitcoin price dipped after the debate.. This raises questions: Does it mean that the crypto community is actually ...
Crypto enthusiasts celebrated the flawless performance of blockchains after the chaos of Windows' infamous blue screen crash. However, the vulnerability of submarine internet cables has revealed a bigger threat. What happens if the internet goes down? Fortunately, there is a solution! Read more about a unique radio wave technology and its huge potential 👉 https://teletype.in/@vladimirokhotnikov/NLyP30b1Uph #Blockchain #Crypto #DeFi #IoT #Innovation #RadioWaves #OfflineTransactions #DigitalFinance #Internetless