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ForkLog 15 13.11.2024

Bitcoin Yet to Reach Profit-Taking Levels for Holders, Says Glassnode

Realized profits for both short-term and long-term Bitcoin holders remain below previous all-time highs ATH. According to Glassnode, under such circumstances, many investors are willing to wait for higher prices. #Bitcoin’s rally to a new ATH is driven by strong spot demand and institutional inflows, with over 95% of supply in profit. This article explores […]

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ForkLog 9 12.11.2024

Tesla’s Bitcoin Holdings Surpass $1 Billion

Tesla holds 11,509 BTC valued at over $1 billion. El Salvador’s bitcoin assets exceed $500 million. MicroStrategy’s unrealized profit from bitcoin investments surpasses $10 billion. The German government missed out on $1.6 billion in profit by selling 50,000 BTC in the summer. The value of Tesla’s digital gold on its balance sheet has exceeded $1 […]

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ForkLog 6 12.11.2024

Russia’s Proposed Cryptocurrency Tax: Experts Weigh In

Participants in the crypto market require a clear taxation mechanism for asset trading, but high rates could stifle innovation. Authorities will struggle to monitor individual transactions until Russian exchanges are established. The crypto community is unclear about how much, to whom, and why they should pay. In Russia, work has resumed on a bill concerning […]

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ForkLog 7 12.11.2024

MicroStrategy Shares Hit Record High, Coinbase Reaches Peak Since November 2021

On November 11, MicroStrategy’s stock price reached a new all-time high of $351.73, marking a year-to-date growth of 438.3%. The surge was driven by a cryptocurrency market rally following Donald Trump’s victory in the U.S. presidential election. Daily chart of MSTR. Data: Finviz. MicroStrategy’s market capitalization jumped by 25.7% to $68.9 billion. According to Bloomberg […]

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ForkLog 4 12.11.2024

AI Hits a Ceiling: Startups Seek New Paths for Scaling

OpenAI’s forthcoming AI model is expected to show less performance improvement compared to its predecessors, according to The Information, citing sources. The publication reports that Orion reached the level of GPT-4 after completing 20% of its training. This suggests that the performance gain of GPT-5 over GPT-4 will be less than that from GPT-3 to […]

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ForkLog 11 11.11.2024

FTX Seeks $1.8 Billion from Binance in Legal Pursuits Against 23 Firms

The bankrupt cryptocurrency exchange FTX has recently filed 23 lawsuits in Delaware’s bankruptcy court against various companies and individuals to recover funds for creditors, reports Bloomberg. Binance In the lawsuit against Binance Holdings Ltd. and its founder Changpeng Zhao (CZ), FTX’s lawyers demand the return of $1.8 billion paid during a stock buyback in 2021. […]

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ForkLog 17 11.11.2024

NEAR Protocol Unveils Ambitious AI Initiative

NEAR Protocol developers have introduced an AI agent capable of executing cross-chain swaps. The team announced the creation of the “world’s largest” open-source artificial intelligence model. NEAR Protocol plans to decentralize AI computations. The NEAR Protocol team has launched an alpha version of an AI agent that can initiate meme coins and search for goods […]

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ForkLog 5 11.11.2024

Cathie Wood Advocates for SEC Easing, Elon Musk Supports Fed Closure

The founder and CEO of ARK Invest, Cathie Wood, has predicted an influx of investments in cryptocurrencies and new technologies following a “changing of the guard” at the SEC and the FTC. Deregulation (defanging the SEC, FTC, and others), government spending cuts (making room for the private sector), tax cuts, and a focus on technologically […]

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ForkLog 8 11.11.2024

Bitcoin Surpasses $84,000, Sparking Concerns of a Sell-Off

On the morning of Monday, November 11, the first cryptocurrency reached a new all-time high of $81,800. At the time of writing, Bitcoin is trading near $81,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. November 11, 2024 | 13:14Update: Bitcoin briefly reached $82,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. November 11, 2024 | 18:39Update: The leading […]

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ForkLog 7 08.11.2024

Bitcoin Shows No Signs of Overheating, Says Expert

From a fundamental perspective, bitcoin does not exhibit “signs of overheating,” according to a report by Galaxy Digital, as reported by Cointelegraph. The expert noted the absence of a spike in funding rates for perpetual contracts and a moderate increase in OI across crypto derivatives. Data: Coinglass. According to Galaxy Digital, bitcoin and other cryptocurrencies […]

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ForkLog 13 08.11.2024

Coinbase Introduces cbBTC on Solana Network

The American exchange Coinbase has launched the tokenized bitcoin cbBTC on the Solana network. The bitcoin premium on the exchange turned positive for the first time in weeks, indicating growing demand among American investors. The increase in demand is also evidenced by the rise in open interest in the futures and options markets. Coinbase has […]

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ForkLog 6 07.11.2024

Trump’s Victory Boosts Wealth of Crypto Billionaires

The wealth of Coinbase CEO Brian Armstrong increased by $2.6 billion due to a rise in the exchange’s shares following Donald Trump’s election victory. MicroStrategy founder Michael Saylor gained $600 million, while Changpeng Zhao’s wealth grew by $12 billion. DOGE surged by 40%, and Elon Musk’s fortune rose by $20 billion. The top 10 billionaires […]

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