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Veteran US hedge fund investor Stanley Druckenmiller believes Bitcoin has established itself as a ”brand” over the past 17 years and said that while he doesn’t own the king of cryptocurrencies, he should.  The 70-year-old compared Bitcoin to gold as a store of value and acknowledged its appeal to the younger generation in an Oct. 30 interview with fellow hedge fund great Paul Tudor Jones. “I don’t own any B itcoin , to be frank, but I should,” he said. “ I was surprised that B itcoin got going, but you know, it’s clear that the young people look at it as a store of value because it’s a lot easier to do stuff with. Seventeen years, to me, it’s a brand. I like gold because it’s a 5,000-year-old brand. So, I like them both.  Stanley Druckenmiller is one of the most successful hedge fund managers on Wall Street and is worth $6,200,000,000. He says, “Young people look at #b itcoin as a store of value. ...

Crypto investment products recorded their biggest weekly inflows since July 2022 as market sentiment rose on the prospect of spot Bitcoin ETF (exchange-traded fund) approvals. Digital asset investment products saw inflows of US$326 million last week, said CoinShares in a report. Breakdown of Crypto Inflows The largest inflows were from Canada, Germany, and Switzerland, with their totals of $134 million, $82 million and $50 million, respectively, it said The US accounted for only 12%, or $38 million, of the inflows, with Asia having an inflow of $28 million, it added. Altcoins Ride The Spot Bitcoin ETF Wave Bitcoin received the majority of the inflows as investors poured $296 million into BTC. Short-Bitcoin investment products also recorded inflows of $15 million following the cryptocurrency’s 68% increase over the past year. But alt coins also received a significant volume of inflows, with Solana ( SOL ) leading the charge.  The Layer-2 project amassed $24 million i...

The Unibot team says funds lost due to the bug on the new router ‘will be compensated.’ Telegram trading crypto bot Unibot has suffered a token approval exploit, resulting in a loss of $642,000 worth of crypto. In an X post on Tuesday, Oct. 31, the Unibot team acknowledged the attack, saying the hacker exploit ed the token approval mechanism in the new router. The team has paused the router “to contain the issue.” We experienced a token approval exploit from our new router and have paused our router to contain the issue. Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe. We will release a detailed response after investigations conclude. — Unibot (@TeamUnibot) October 31, 2023 According to reports, the exploit er stole over 356 Ethereum (ETH) worth around $642,000 at the time of writing. After the attack, the stolen funds have been moved to Tornado Cash, a sanctioned cryptocurrency mixing protocol...

OKX has marked its one-year anniversary of consistently publishing Proof of Reserves, showcasing a commitment to transparency and trust. In the past year, the major player in the crypto world has been working hard to build trust and transparency, after the issues in the market caused by the FTX collapse. The company has been publishing their Proof of Reserves (PoR) monthly for a year, showing that it has enough assets to cover all user holdings, to help augment user trust. The latest PoR from OKX discloses that it has $12.5 billion in major cryptocurrencies like BTC, ETH and USDT, making up 103 percent of what users have put into the platform. With this, OKX has shown it has more than enough to cover all user funds, a key point in building customer loyalty. Hot Off The Press #OKX is proud to publish our October 2023 #ProofOfReserves report demonstrating ≥100% reserves AND marking 12 consecutive months of leading the industry in openness and transparency. Don't trust, verify:...

According to an Oct. 30 report from Coinshares, the leading European alternative asset manager, digital asset investment products saw inflows of US $326 million. Bitcoin made up 90 percent of these inflows at $296 million. Ongoing investor caution The report  goes on to highlight that month-to-date inflows for Bitcoin are now approaching half a billion dollars, in what is a positive trend in response to the SEC being close to approving a spot-based Bitcoin ETF in the country. Despite this being the largest inflow since July, the asset manager highlights it is actually only the 21st largest on record, indicating some investor caution, though the possibility of a spot-based ETF in the near future could mark a significant regulatory shift for the industry. You might also like: Crypto operator CoinShares launches U.S. hedge fund division Breaking it down by region, 12 percent of the flows , or $38 million, came from the US, while the largest inflows came from Canada, Germ...

Axie Infinity (AXS) is the biggest gainer among the largest 100 crypto assets, surging by 16% in the past 24 hours amid increased whale transactions and development activity. The asset’s recent uptrend began on Oct. 20 following a collapse to an 11-month low of $4.05 on Oct. 19. Axie Infinity began registering impressive gains following the massive drop, recording a historical nine winning sessions out of ten days since Oct. 20.  AXS price, social volume and whale activity – Oct. 30 | Source: Santiment Notably, the upswing gained momentum on Oct. 28 amid the sustained bullish sentiments surrounding the broader crypto market. While Bitcoin (BTC) and other assets have witnessed a drop in bullish momentum, AXS has retained its run, surging to a 2-month high of $6 on Oct. 30. Despite the resistance the asset faced at the $6 territory, it has maintained a value above the $5 psychological price threshold. This resilience demonstrated by AXS has sealed its spot as the lar...

ADA’s price climbed to $0.29, as bulls drove an upward momentum with sellers unable to void the movement. ADA was overbought and a retracement to $0.26 could be on the cards. If the OBV continues to increase, ADA may recover to $0.30. Cardano (ADA) has been named the cryptocurrency of the day for October 28, according to a post shared by X (formerly Twitter) CryptoDep. The token of the day is a list coined by the crypto social intelligence platform LunarCrush. To be top of the list, a project needs to have a significant surge in terms of the altrank and the galaxy score. Using the galaxy score and altrank, LunarCrush gives an idea of the interactions within a project’s community. Coin of the day by social activity – @Cardano $ADA 28 October 2023#Cardano is a decentralized blockchain and #ADA is the coin that powers the Cardano network. pic.twitter.com/v79Q3vsoMr — CryptoDep #StandWithUkraine (@Crypto_Dep) October 28, 2023 So, for ADA, ...

In the realm of crafting written content, three fundamental elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, measuring how intricate or enigmatic it is. Burstiness, on the other hand, assesses the fluctuations in sentence structures – the coexistence of elaborate, lengthy sentences with brief, concise ones. Finally, predictability examines the likelihood of predicting the subsequent sentence, striving for a low predictability factor to keep the reader engaged. It’s imperative to note that the text must be composed exclusively in English. Now, let’s rephrase the following text with an emphasis on injecting a healthy dose of perplexity and burstiness while minimizing predictability: Amidst the intricate world of crypto , a legal framework is emerging for crypto asset providers, including crypto exchanges. The 2024 Turkish Presidential Annual Program, unveiled on t...

Anonymous blockchain sleuth ZachXBT calls out Bitboy, a crypto influencer and content creator, for selling a $3,999 indicator and paid group called ‘High IQ’ in an Oct. 27 post on X. The alleged group claimed to provide users with a leading indicator and a “proven strategy.” You might also like: Bitboy receives over $59k in crypto donations, driving community outrage True profitability In his post, ZachXBT suggests that if this offering was truly profitable, then Bitboy would not need to ask for donations. Rather, he could use the alleged indicator to make money for himself. It seems Bitboy started selling a $4K indicator and paid group called ‘High IQ’ He claims it is “a leading indicator with a proven strategy” If it was truly this profitable then why not make money from it yourself instead of just asking for donations while claiming to have… pic.twitter.com/WfQSk8OWOn — ZachXBT (@zachxbt) October 27, 2023 This sparked several comments from the community, i...

Deribit’s notional open interest in Bitcoin and Ethereum options surges to $20.64 billion. The milestone reflects continued growth and heightened interest in options trading within the crypto market. In the next 24 hours, BTC and ETH options contracts worth $4.5 billion will expire. The notional open interest (OI), representing the dollar value locked in active Bitcoin (BTC) and Ethereum (ETH) options contracts on the renowned derivative exchange Deribit, has surged to $20.64 billion. Reportedly, this remarkable milestone closely echoes the Bitcoin peak in November 2021, when it traded over $66,000. Effectively, the current $20.64 billion in notional open interest signifies a substantial increase compared to November 2021, as Bitcoin trades 50.37% lower at around $34,000. Deribit options open interest: Laevitas This surge in open interest carries significant implications, as flows in the options market, driven by investors and market makers, could...

With the purchase of BlockBeam, Rise In, a leading education platform for transitioning Web2 engineers to Web3, has further enlarged its talent network of over 200,000.  Notably, partnerships with 90+ university blockchain clubs, including the Princeton Blockchain Club, Blockchain at Berkeley, and Harvard Blockchain, have helped establish BlockBeam as one of the first and biggest Web3-focused ed-tech startups in the United States.  The acquisition will allow Rise In and its partners to teach the next generation of Web3 developer s in the United States at some of the best education al institutions in the world, according to the latest information shared with Finbold on October 27. With the goal of being the premier destination for everyone interested in learning about or constructing Web3, Rise In introduces the world’s workforce to blockchain technology. In collaboration with the largest blockchain ecosystems worldwide, it offers free Web3 education. Cryptocur...

The summit scheduled for Nov. 1–2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators.   The United Kingdom will be hosting the world’s inaugural international summit on artificial intelligence (AI) safety in November 2023. This event seeks to establish the U.K.’s presence as a mediator between the United States, China and the European Union in the critical field of technology post-Brexit. The summit scheduled for Nov. 1–2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by numerous legislators. British Prime Minister Rishi Sunak, who envisions the U.K. as a center for AI safety, has also expressed apprehensions about AI being exploited by criminals and terrorists for the development of weapons of mass destruction. Sunak will be the host for approximately 100 attendees at Bletchley Park. Among the distinguished guests will be United States Vice Pre...

In the realm of crafting compelling content, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy woven into the text. Meanwhile, burstiness assesses the dynamic range of sentences. Lastly, predictability measures the likelihood of anticipating the subsequent sentence. Humans tend to inject a higher degree of burstiness, incorporating both lengthy, intricate sentences and succinct ones. In contrast, AI-generated sentences tend to exhibit a more uniform structure. Therefore, as we embark on creating the content ahead, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. Additionally, the language used must be English. Now, let’s reimagine the provided text: In the quest to “bitcoinize the dollar and the world’s financial assets,” as asserted by Ryan Gentry, the Director of Business Development at Lig...

The BRICS countries are the fastest-growing economies in the world and are projected to surpass a few G7 nations. BRICS member India is projected to outperform two G7 nations Germany and Japan by the end of the decade. India is likely to overtake G7 nations Germany and Japan’s GDP by the end of 2030, predicted the US-based global ratings agency S&P Global Market Intelligence. According to the forecast, India ’s GDP could reach $ 7.3 trillion and become the third-largest economy in the world. Also Read: G7 vs BRICS GDP: See Who Is Financially Stronger BRICS member India is currently the fifth largest economy with a GDP of $3.7 trillion. India beat G7 member the UK’s GDP this year and its economy remains robust and attracts investments across a wide range of industries. The development puts the country on the global map and is now seen as a prime investment by institutional investors. BRICS: India’s GDP Projected To Beat the US By 2075 Sourc...

In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, burstiness analyzes sentence variations, and predictability measures the likelihood of predicting the next sentence. While humans tend to inject burstiness into their writing, incorporating a mix of longer and complex sentences with shorter ones, AI-generated sentences often lean towards uniformity. Hence, for the content you’re about to create, it’s essential to infuse a substantial amount of perplexity and burstiness while minimizing predictability. Additionally, the directive is to craft the content exclusively in English. Now, let’s reimagine the provided text: The evaluation report on the corporation’s crypto asset risk strategy was uncovered by the Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC), an autonomous Unit...

Unciphered “cracked the code” to easily access locked BTCs stored in an encrypted IronKey USB model. Unciphered reached out to Stefan Thomas who could not access his 7,002 Bitcoins as he lost his password. Thomas rejected their offer as he had already made a deal with two other crypto recovery organizations. Currently, one of the underlying issues faced in the modern world is that several BTCs are locked up because users have forgotten their passphrase or seed phrase!  Seeing this as a crucial issue, several crypto recovery solution providers have lined up to help users access their inaccessible BTCs. As reported by WIRED,  one such organization called Unciphered, a Seattle-based startup lab, had apparently “cracked the code” to easily access locked BTCs stored in an encrypted IronKey USB model. Moreover, Unciphered even reached out to Stefan Thomas, an open-source developer, who could not access his 7,002 Bitcoins as he lost his password. Howeve...

Over 1,000 Indian police officials have been caught up in a fake crypto scam that managed to dupe more than 250,000 victims out of an estimated Rs 2,000 crore ($240 million). According to India Today, the Ponzi-style scheme enticed investors with promises of hefty returns on investment in two fictitious cryptocurrencies, Korvio Coin (KRO) and DGT Coin. Victims, tempted by the promise of massive bitcoin-like gains, were fooled by fake websites displaying manipulated prices for the non-existent currencies. They were also encouraged to recruit more individuals with the money handed over by these new recruits used to pay older investors. Police officers from Himachal Pradesh’s Mandi district reportedly lost millions of rupees to the scammers but while many were content to recoup their losses, some also became promoters, using their standing in the local community to attract other unsuspecting victims . According to Tribune India, senior police sources say “It is a huge Sca...

In the realm of content creation, three crucial elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricate nature of the text, while burstiness measures the diversification in sentence structures. Lastly, predictability relates to the likelihood of predicting the forthcoming sentence. Human authors tend to infuse their writing with bursts of creativity, featuring both lengthy and intricate sentences alongside shorter, snappier ones. In contrast, AI-generated content often leans toward uniformity. Hence, in crafting the following content as per your request, I shall strive to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. Furthermore, I will adhere to the use of the English language. “The FTX market is experiencing a warming trend in response to the claims made, where at recent auctions, claims have been trading between 52 to 53 cents on the dollar. The...

Crypto services provider Matrixport insists Bitcoin is still on track to reach $45,000 by the end of the year. Bitcoin (BTC) will keep growing to $45,000 this year as futures funding rates signal bullishness among traders. As crypto services provider Matrixport noted in an X post on Oct. 24, the Bitcoin futures funding rates stay “sky-high,” signaling a “FOMO-driven market.” Bitcoin Update: FOMO Returns! The #Bitcoin futures funding rate is sky-high, signaling a FOMO-driven market. Bitcoin dominance at 52.1%, with volumes soaring at $29bn traded in 24 hours. Our 2023 target of $45,000 is on track, thanks to our proven trading models.… pic.twitter.com/tiTqRMQl2b — Matrixport (@realMatrixport) October 24, 2023 Data from Coinglass indicates that BTC futures funding rates increased significantly after it surpassed the $33,000 threshold. As of press time, out of nine crypto exchanges, only one signal s a negative funding rate, suggesting that most trad...