#bitcoin

Defunct crypto exchange Mt. Gox transferred over 32,000 Bitcoins valued at around $2.2 billion to unknown wallets, data from blockchain analysis platform Arkham Intelligence shows.

On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.

The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.

Today marks 16 years since the release of a document that laid the foundation for a new financial era—the Bitcoin whitepaper. On October 31, 2008, the enigmatic developer or group known as Satoshi Nakamoto released a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System.

The research company 10X Research, known for its reliable forecasts, predicts another wave of “gold rush” enthusiasm in the crypto market. According to their model, Bitcoin could soar to an impressive $100,000 by January 2025!

According to analytics platform Arkham, the Bhutanese government transferred $66 million in Bitcoin to Binance today as BTC prices topped $70,000. This transaction leaves the small Asian country with approximately 12,456 BTC ($889 million).

On October 25, a statue honoring Bitcoin's founder, Satoshi Nakamoto, was inaugurated in Lugano, Switzerland. The statue, crafted by Valentina Picozzi, was commissioned as part of Plan ₿—an initiative founded in partnership between Tether and the Lugano city government to foster BTC and blockchain adoption.

According to a filing on the U.S. Securities and Exchange Commission (SEC) website, Microsoft will bring the topic of corporate investments in Bitcoin to its next shareholders’ meeting on December 10.

Tesla reported its financial results for the third quarter of 2024 which reveals the company didn’t sell any of its 11,509 Bitcoins, currently valued at around $765 million.

On October 8, HBO launched the documentary “Money Electric: The Bitcoin Mystery,” directed by Cullen Hoback. The film’s most sensational claim was that the likely identity of Bitcoin’s elusive creator, Satoshi Nakamoto, is developer Peter Todd.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

Bitcoin’s legendary logo, now an emblem of the digital economy, celebrates its anniversary on November 1. Today, it turns a proud 14 years old!

The digital asset world is evolving rapidly, bringing with it an array of new investment tools. Following the successful debut of Bitcoin and Ethereum ETFs, it appears that Solana’s turn may be approaching.

On October 29, U.S. spot Bitcoin ETFs witnessed an impressive total net inflow of over $870 million, as reported by SoSoValue. The previous high was reached in early June (~$886 million), with the all-time peak recorded on March 12, 2024, at roughly $1.05 billion.

BitMEX co-founder Arthur Hayes recently released an essay titled “Let’s Go Bitcoin”, where he addresses China’s economic challenges and anticipated shift to monetary easing, suggesting that this could lead to a significant BTC price increase.

While many market participants are still banking on an Uptober surge, Deribit’s options platform puts the probability of BTC reaching $100,000 by year’s end at only 10%.

On October 23, ETH (Ethereum’s native token) dropped to a three-year low against Bitcoin at 0.037558, a level not seen since April 2021.

Vitalik Buterin, the founder of Ethereum, criticized Microstrategy’s CEO Michael Saylor on the social platform X for his divisive comments about Bitcoin anarchists.

Bitcoin’s mining difficulty increased by 3.9%, reaching a new all-time high. According to Mempool data, the seven-day moving average of the network hashrate also reached a record level.