Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
This article was originally published by Nik Bhatia and Joe Consorti on Substack.com
In such a volatile macro landscape, it’s hard to soar above the clouds at 30,000 feet and view bitcoin as anything other than a high-beta risk asset that is beholden to the everchanging backdrop of Fedspeak, economic data, and the market cycle.
Bitcoin is a macro asset, but it is also the first verifiably scarce commodity and imbues all citizens of Earth with property rights, regardless of whether or not their country of residence honors such basic human freedoms. Let’s take a step back from the macro investor’s chair and observe how bitcoin is advancing in its own… Read more on bitcoinnews
BitcoinNews.com is not investment advice.
Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com
For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com
Read more on bitcoinnews
The National Stock Market Commission (CNMV), Spain’s principal financial regulator, called out the fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws.
On Nov. 8, in a speech at the Deloitte annual conference for the Spanish financial sector in Madrid, the CNMV head, Rodrigo Valbuena, revealed that the ads in question “make illegal use of the image of some Spanish actors and the design and identity of a national media to try to obtain data and money from investors.”
Valbuena reminded the audience that Spanish legislation holds “internet companies, media and social networks” responsible for taking measures…
Read more on Cointelegraph
The Hollywood actors’ union SAG-AFTRA concluded its strike on Nov. 9 after 118 days of picketing with new deals on various proposed stipulations including artificial intelligence (AI) usage.
Since then, the union has released a summary of its final deal with studios, which included nearly 4.5 pages of AI guidelines and a digital pamphlet spelling out the agreed-upon AI regulations for the industry.
SAG-AFTRA AI guideline digital pamphlet. Source: SAG-AFTRA
The AI agreement is expected to come into effect 90 days after the ratification of the agreement. Its terms include defining AI in industry terms, the digital replication of performers and background actors, digital alterations and…
Read more on Cointelegraph
Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.
Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023.
As Bitget decided not to apply for a VATP license, the firm will have to permanently withdraw from the Hong Kong market, the announcement notes.
The company has strongly encouraged users to withdraw crypto assets from BitgetX before Dec. 13. “After this date, the BitgetX website will no longer be accessible and you will not be able to manage or access your…
Read more on Cointelegraph
Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.
Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1 billion USDT on Ethereum on Nov. 9, in addition to 2 billion USDT issued in two batches on the Tron blockchain on Nov. 3 and Oct. 19, according to Whale Alert data.
Tether chief technology officer and new CEO Paolo Ardoino commented on Whale Alert data on X (formerly Twitter), noting the latest 1 billion USDT transaction on the Tron network was a “USDT inventory…
Read more on Cointelegraph
Data from BitInfoCharts reveals a remarkable surge in crypto wealth, with the number of Bitcoin wallet addresses holding over $1 million skyrocketing by 237% this year. Starting at 23,795 on January 1, it has now reached 81,925. It’s important to note that not all of these addresses belong to individual users, as many are held by exchanges and institutions. Meanwhile, the count of “wholecoiners” (those with at least 1 BTC) increased by 4% since the year began, totaling 1,018,015 addresses. Bitcoin’s current price sits at approximately $37,100, driven by optimism about potential ETF approvals.
The Bitcoin (BTC) mining community recorded its annual all-time high (ATH) on Nov. 12 after raking in over $44 million in block rewards and transaction fees.
The revenue from Bitcoin mining primarily comes from rewards for confirming Bitcoin transactions and creating new blocks using high-tech computer equipment known as mining rigs. Miners currently receive 6.25 BTC for every successful block creation in addition to the transaction fees.
On Nov. 12, the daily Bitcoin mining rewards crossed $44 million for the first time in 2023, a number last seen in April 2022, according to data from blockchain.com.
Bitcoin mining revenue annual chart. Source: blockchain.com
In between the timeline…
Read more on Cointelegraph
An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter).
An unknown Threat Actor(s) claim to have compromised Coin Cloud.
They allege to have exfiltrated 70,000 customer selfies (via ATM cameras), and 300,000 customers PII which includes Social Security Number, Date of Birth, First Name, Last Name, e-mail address, Telephone Number,… pic.twitter.com/TJ7RUK18Yq
— vx-underground (@vxunderground) November 12, 2023
Apart from personal information, the hacker group also claims to have gotten a hold of 70,000…
Read more on Cointelegraph