Author: Coindesk
In fact, Ethereum’s native token ether, Japan’s TOPIX index, and the S&P GSCI Energy Index are the only non-fixed income growth-sensitive investments with return to volatility ratios lower than bitcoin, the chart from Goldman’s Oct. 7 note titled “Oil on the boil” shows. Read the full article here
The odds of the late Len Sassaman being revealed as the elusive pseudonymous founder of Bitcoin, Satoshi Nakamoto, in an HBO documentary slumped to 14% after his wife, Meredith L. Patterson, said he was not and that the company had not approached her when making the documentary. Read the full article here
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In August, a report suggested the regulator had found “unsatisfactory practices” at some exchanges. In particular, it stated that “some of the crypto firms are overly reliant on a handful of executives to oversee the custody of client assets, while others aren’t properly guarding against cybercrime risks.” Read the full article here
Still, Monday’s price action meant that BTC briefly reclaimed the 200-day moving average, which currently sits at $63,575 per TradingView data, but ultimately failed to hold above it. Moving and holding past that key level would reaffirm bitcoin’s uptrend since the lows of around $52,000 hit in the first week in September. Read the full article here
The upgrade, officially designated EIP-7781, would also ramp up the blockchain’s capacity to handle blobs, which are dedicated data-storage chambers used by affiliated layer-2 networks to stash transaction records. The change would effectively increase the number of blobs per block to nine from six, providing more space for layer-2 chains like Arbitrum and Optimism to post data to Ethereum. Read the full article here
There have been other executive departures of late. Last month, founding partner and chief commercial officer Boris Bohrer-Bilowitzki left to take on the role of CEO at blockchain firm Concordium. Mike Milner, the global head of revenue who had been with the company for five years, also left to join Concordium. Read the full article here
Flash crashes aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell. In BGB’s case, the catalyst was likely “overall market sluggishness” stemming from holidays and Golden Week in Asia, among other factors, said Ryan Lee, chief analyst at Bitget Research, in an email. Read the full article here
Buterin sold 10 billion MOODENG for 308.69 ether (ETH), worth $762K at current prices, and transferred 260 ETH, or $642,000, to the charity Kanro earlier on Monday. His publicly-known Ethereum address vitalik.eth still holds 40 billion MOODENG tokens, worth over $8 million at current prices. Read the full article here
The rally follows stimulus announcements that included interest rate cuts, liquidity support for stocks, banking system capital injections, and a promise to support property prices. The enormous stimulus, estimated to be over 7.5 trillion yuan (CNY), has been widely perceived as uber-bullish for bitcoin and other risk assets. Bitcoin, however, remains flat-lined at around $64,000 in the wake of the China stimulus, extending a six-month-long consolidation between $50,000 and $70,000. Read the full article here