Hodler's Digest

Bitcoin trader eyes $100K price tag by Thanksgiving day in US, Bitcoin ETF options pass ‘second hurdle’: Hodlers Digest

MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 a crucial price level for the majority of 2024.

I dont think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here, Saylor told CNBC on Nov. 14. Bitcoin is trading around $87,790, according to CoinMarketCap.

He said Donald Trumps win very decidedly settled the future of crypto and Bitcoin in the United States, adding, I dont really see any threats on the near-term horizon.

Read more

Analyst forecasts $110K Bitcoin price, BlackRock sees $1 billion in daily inflows into spot Bitcoin ETF, and more: Hodler’s Digest

The worlds largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs. 

On Nov. 7, BlackRocks iShares Bitcoin Trust ETF (IBIT) clocked $1.1 billion in inflows, reclaiming inflow status after two consecutive days of outflows totaling $113.3 million, according to Farside data.

It came on a day when Bitcoin again hit all-time highs, reaching $76,943, according to CoinMarketCap data.

Read more

MicroStrategy’s Michael Saylor falls for a post about Donald Trump’s position on taxing crypto, Kraken declares “new day.” Hodler’s Digest

With the United States Election Day coming up and many voters already going to the polls, social media is rife with misinformation about candidates policies. MicroStrategy executive chair Michael Saylor seems to have fallen for a social media post containing misinformation about Donald Trumps position on taxing crypto.

In an Oct. 30 post on X to his more than 3.6 million followers, Saylor attributed a quote to Trump in which he said crypto shouldnt be taxed and that Bitcoin is money.

An investigation by Cointelegraph suggested that the fake quote originated from the X account Basedkarbon, which claimed in an Oct. 28 post that the Republican candidate made the remarks in a recent interview.

Read more

Microsoft shareholders are set to vote on whether it should add Bitcoin to the balance sheet, Peter Todd is hiding in fear: Hodlers Digest.

Canadian cryptographer and computer scientist Peter Todd says hes been forced into hiding for fear of his safety after an HBO documentary alleged he was the inventor of Bitcoin.

The film, dubbed Money Electric: The Bitcoin Mystery, aired on Oct. 9 and claimed to finally reveal the mystery surrounding the true identity of Satoshi Nakamoto, the pseudonym of a person thought to be the inventor of Bitcoin. 

Ultimately, after exploring other potential candidates, the documentary ended on a dubious note with Todd stating, Well yeah, Im Satoshi Nakamoto. 

Read more

Bitcoin is technically on track to hit $233,000, according to analytics data based on the RSI, FBI arrests SEC X hacker: Hodlers Digest

The Donald Trump-backed crypto project World Liberty Financial claims it has secured more than 100,000 signups before its public token launch on Oct. 15. 

In a meandering 90-minute-long Oct. 14 X space that offered little new information, the platforms head of operations, Zak Folkman, said the WLFI token would be an Ethereum-based ERC-20 token and reiterated that it would function as the governance asset of the decentralized finance platform.

Folkman, along with fellow World Liberty Financial team members Chase Herro and Zach Witkoff, rehashed information shared days earlier in an Oct. 11 blog post, saying the platform will allow users to borrow and lend crypto, create and interact with liquidity pools and transact with stablecoins.

Read more

Mt. Gox postponed the deadline to repay creditors, Canadian Bitcoin core developer Peter Todd was named Satoshi in HBO doco: Hodlers Digest

Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025. 

According to an official announcement, many rehabilitation creditors still have not received their repayments after not completing the required procedures.

The platform was one of the earliest crypto exchanges in the world and, at one point, handled about 70% of all global Bitcoin transactions. It faced a series of security breaches and unnoticed hacks that led to a halt in withdrawals and its eventual collapse in 2014, locking the funds of about 127,000 users. 

Read more

HBO’s Money Electric: The Bitcoin Mystery, Banks to join SWIFT digital asset trials in 2025: Hodlers Digest

Documentary filmmaker Cullen Hoback and HBO recently announced the debut of their upcoming film Money Electric: The Bitcoin Mystery, along with hinting that the true identity of Bitcoin creator Satoshi Nakamoto may finally be revealed.

Cullen Hoback is perhaps best known for his HBO miniseries Q: Into the Storm, wherein he claims to have identified several of the authors of the QAnon conspiracy theory. 

In his latest endeavor, Hoback investigated the origins of Bitcoin in what appears to be an attempt to track down the true identity of the engineer known as Satoshi Nakamoto, who is credited with inventing Bitcoin and the underlying technology that makes it possible. 

Read more

Binance founder CZ walks free, former Alameda Research CEO Caroline Ellison sentenced to two years, and more: Hodlers Digest

Binance founder and former CEO Changpeng CZ Zhao walked free from a United States federal prison on Sept. 27 after serving a four-month stint for Anti-Money Laundering (AML) violations, a spokesperson for the United States Federal Bureau of Prisons told Cointelegraph.

CZ pled guilty in November to federal charges for failure to implement proper AML controls at Binance, the worlds largest cryptocurrency exchange in terms of daily trading volumes, according to a Nov. 21 statement from the US Department of Justice. He also stepped down as Binances CEO.

With a reported net worth of approximately $60 billion, CZ is the wealthiest person ever to serve a prison sentence in the US.

Read more

Donald Trump becomes the first former United States president to use crypto in a transaction, Arthur Hayes thoughts on rate cut: Hodler’s Digest

The U.S. Republican Party presidential nominee Donald Trump appeared at Pubkey, a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former United States president to use the cryptocurrency in a transaction. 

According to a Sept. 18 post on X by Pubkey, Trump used Bitcoin to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trumps Truth Social account.

The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, which is run by members of his family. Despite once calling Bitcoin a scam and crypto based on thin air, Trump has advocated for BTC miners as part of his 2024 campaign and spoke at the Bitcoin 2024 conference in Nashville, Tennessee.

Read more

Caroline Ellison’s lawyers say she “poses no threat to public safety” and Bitcoin ETFs attractive to hackers due to the potential payout.

The United States Federal Bureau of Investigation (FBI) Internet Crime Complaint Center has released its cryptocurrency fraud report for 2023. Americans lost $5.6 billion due to cryptocurrency fraud that year, up 45% from 2022, it said. Crypto-related complaints represented 10% of the total received, but almost 50% of the total lost that year, the FBI said.

The report found that of the 69,000 crypto-related complaints the FBI received in 2023, people over 60 were most often victimized, accounting for almost $1.6 billion of the losses. Almost 71% of the crypto fraud was related to investment schemes, and about 10% involved call center fraud and government impersonation scams.

The FBI received complaints from over 200 countries, but the vast majority of complaints and losses were from the United States. Many of the losses were the result of confidence schemes. The FBI had one main piece of advice to avoid this type of scam:

Read more