LATEST: Michael Saylor Predicts Unprecedented Bitcoin Surge, Foresees 10x Growth

In a recent interview, MicroStrategy’s co-founder Michael Saylor expressed unwavering optimism about Bitcoin’s future, foreseeing an unprecedented price surge. Saylor’s confidence is rooted in several upcoming events, including Bitcoin’s halving next April, which will reduce mining rewards and limit supply. Additionally, rumors suggest the first spot Bitcoin ETF might gain approval, further boosting demand. Saylor believes that these factors, along with growing institutional interest, will not only stabilize Bitcoin but also propel it to new heights. He confidently stated, “We 10x from here” as the cryptocurrency industry matures with responsible custodians at the helm.

FTX advisers sharing customers’ data with FBI: Report

Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg. 

In response to subpoenas issued by several FBI field offices during the past few months, FTX consultants turned over to law enforcement records of specific customers’ trades on the bankrupt crypto exchange.

The FBI’s requests were disclosed on billing records from Alvarez and Marsal, a consultancy serving as financial advisers for FTX. Over the past few months, the firm’s staff extracted information from some customers’ trades for FBI offices in Portland, Philadelphia,…

Read more on Cointelegraph

Crypto will never escape SBF’s shadow

It wasn’t long after Ian Allison’s FTX killshot last year that the desire for the crypto community to “move on” from the downfall of its exchange and its leader, Sam Bankman-Fried, first emerged.

Last night’s not-really-surprising, all-counts guilty verdict magnified this hope. Take a spin around Crypto Twitter, er, Crypto X, and you’ll see plenty of comments of this kind.

This hope — to put FTX and Bankman-Fried firmly in the rear-view mirror — is understandable. Let’s put the past in the past and start building again, the thinking goes. It’s an attractive notion — who wouldn’t want to do all they can to inoculate themselves from the public relations disaster…

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Multichain inside job? And SOL surges 80% in a month: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen since its exploit in July 2023, allowing the trader to turn $280,000 worth of Fantom’s (FTM) tokens into $1.9 million worth of different assets.

In other news, Solana’s (SOL) token has surged 80% in a month, and Avalanche is set to shut down its Etherscan-powered blockchain explorer tool amid a fee controversy. A new bridged token from LayerZero has drawn criticism from nine protocols throughout the…

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SBF’s guilty: What’s next? – Blockworks

Former FTX CEO Sam Bankman-Fried was found guilty of seven charges including fraud and conspiracy to commit money laundering on Thursday.

His trial, which began in October, ended after a four-hour deliberation by the jury. 

The verdict came a year to the day CoinDesk published Alameda’s balance sheet. 

Mark Cohen, a lawyer for Bankman-Fried said, “We respect the jury’s decision. But we are very disappointed with the result. Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him.”

Meanwhile, US Attorney for the Southern District of New York, Damian Williams, said “…Here’s the thing: The cryptocurrency industry might be new….

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English school turned BTC miner in China expands capacity with 220 new units

China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.

The deal was made with “two unaffiliated third parties” for Bitmain Antminer S19j Pro units in exchange for 276,572 shares of ordinary company stock valued at $968,800, according to a statement. BTC Digital was known as Meten EdtechX Education Group until a name change in August that “better reflects the Company’s current business operations.”

The BTC Digital homepage. Source: BTC Digital

According to the Nasdaq-listed…

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FTX bankruptcy advisors hand over customer trading data to FBI: Court docs

FTX bankruptcy consultants Alvarez & Marsal have been handing over information on customer transactions and other data to various FBI branches, according to billing documents filed by the consultants.

The documents fail to clearly explain what information is given outside of descriptions such as “Analyze transactions specific to a Philadelphia FBI request for specific customers.”

Some of the other requests included “Extract[ing] transaction and customer information related to specific transaction hashes” from an FBI Portland subpoena.

In billing records filed back in September, the Philadelphia FBI sent over a Grand Jury subpoena looking to “investigate activity related to…

Read more on Blockworks

Coinbase Q3 results signal its future as ‘crypto super app’: Analyst

Though Coinbase’s trading volumes have continued to drop, analysts said the crypto exchange’s third quarter results signal its other business segments could carry the company in future quarters.

The low volatility and broader “macro backdrop” contributed to Coinbase’s spot market trading volumes declining 24% quarter over quarter, the company said in its Thursday shareholder letter. Total transaction revenue was $289 million, down 12% from the prior three-month period — a fate analysts had expected.

Its adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — was $181 million. That figure was down slightly from $194 million in the prior…

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From Gold To Bitcoin: The Evolution Of Retirement Assets And The Rise Of Bitcoin IRA

Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global trade and currency exchange as we know it today.

In the 19th century, gold was the backbone of the global monetary system. Nations relied on the gold standard until the Great Depression and World War I. These events were significant inflationary catalysts, and economies, in a decades-long transition, abandoned the gold standard.

This process culminated in 1971 when the Federal Exchange could no longer exchange US dollars for gold. In 1976, the…

Read more on BitcoinMagazine

Top 10 Trending Crypto Coins of The Day

  1. RabbitX: Market Cap of $11 Million.
  2. Memecoin: Market Cap of $163 Million.
  3. Dione: Market Cap of $27 Million.
  4. Arbitrum: Market Cap of $1.2 Billion.
  5. Polygon: Market Cap of $6.1 Billion.
  6. Hourglass: Market Cap of $19 Million.
  7. SnailBrook: Market Cap of $14 Million.
  8. Botto: Market Cap of $9 Million.
  9. Celestia: Market Cap of $330 Million.
  10. Solana: Market Cap of $16.6 Billion.

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.