Bitcoin News Daily Official TheBitTimes.com

Colony Lab, a community-driven accelerator for the Avalanche (AVAX) ecosystem, has unveiled a new decentralized fundraising platform poised to revolutionize access to seed investments in early-stage crypto projects, according to the latest information shared with Finbold on May 15.  Historically limited to the realm of venture capitalists and high-net-worth individuals, these opportunities are now open to a broader audience, thanks to Colony Lab’s innovative approach. Congrats to Colony on the launch of their new decentralized fundraising platform, Early Stage! Great to see Avalanche founders bringing brand new innovations to the space https://t.co/70H7keFKHe — Avalanche (@avax) May 14, 2024 Liquid Vesting on Colony Labs A standout feature of the new platform is “Liquid Vesting,” a pioneering concept in the world of crypto currencies.  Picks for you We asked ChatGPT-4o what will be XRP price at the end of 2024; Here’s what it said 53 mins ago ...

The average person who tries to save money is a “loser,” said Kiyosaki while recommending investments in Bitcoin and precious metals. Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a strong supporter of the Bitcoin ecosystem, Kiyosaki recommended his over 2.4 million followers on X (formerly Twitter) to reduce their exposure to fiat currencies, which he called the “fake money system.” Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver , Bitcoin now…. Before it’s too late. — Robert Kiyosaki (@theRealKiyosaki) November 26, 2023 The average person who tries...

Several prominent financial institutions have filed for a spot Bitcoin product in recent months. Asset manager Franklin Templeton applied to the United States Securities and Exchange Commission (SEC) on Sept. 12 to launch a Bitcoin (BTC) spot exchange traded fund (ETF). The application comes after the SEC delayed decisions on applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco BTC spot ETF applications on Aug. 31 and a court ruling Aug. 29 that the SEC must consider Grayscale’s application to covert its BTC futures ETF into a spot ETF. According to the application, the fund is structured as a trust. Coinbase will custody the BTC and Bank of New York Mellon will be the cash custodian and the administrator.  This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/franklin-templeton-files-for-bitcoin-spot-etf-tbt62447.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campai...

The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website. In the aftermath of the Thai Cryptocurrency Exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors. Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on Zipmex. The regulator officially announced on July 25 that Zipmex customers can submit information via an online forum on the Thai SEC’s official website. The SEC has received a number of complaints from people affected by Zipmex after the crypto exchange temporarily suspended withdrawals of the Thai baht and digital assets on July 20, the regulator said. “In the past, the SEC issued a letter requesting the company [Zipmex] to provide an efficient system to contact customers and handle comp...

A look at the many ways that cryptocurrency can help to solve the problems associated with global income equality. Over the past few decades, the inequality of wealth distribution globally has become all the starker. For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example, with the top 10% taking home 65% of the wealth. Many citizens also lack access to general banking as well as high-class financial services (i.e., services limited to accredited investors) that are readily available to the more well-off residents. Cryptocurrency can help to reduce wealth disparity by providing users with access to a means to earn, store, receive, send and invest their money. This Analysis looks at how cryptocurrency can help close the gap regarding income inequality. How can crypto solve income equality? Cryptocurrency gives users easier access to financial tools and a more ...

Since the start of the year, the crypto market’s performance has been considerably poorer than the S&P 500 and other popular indexes. There’s no denying the fact that the crypto market has been faced with an obscene amount of bearish pressure over the last eight odd months. Despite this, September has been especially turbulent for the industry, with the price of Bitcoin (BTC) dropping below the all-important $20,000 psychological threshold before forging a comeback.  While these dips have called into question the asset’s status as digital gold and a hedge against inflation, a key question worth examining is how deeply intertwined the crypto market with the global economy is. To this point, historic inflation numbers have driven the price of everything under the sun — from fuel to food — to record highs. And, despite the S&P 500, a stock market index tracking the performance of 500 large companies listed on exchanges in the United States, being down year-to-date (YTD), its perf...

Considering investing in cryptocurrencies for the long run? Roth IRAs and other tax advantages investment vehicles are worth considering. As the cryptocurrency market matures, more governments throughout the world introduce legislation to tax proceeds from crypto-related activities, with traders often triggering taxable events that can lead to future complications. Avoiding paying taxes is illegal, but there are legal ways to dodge triggering taxable events while hodling onto one’s cryptocurrency holdings: Roth IRAs. These are individual Retirement accounts (IRAs) with a special type of tax-advantaged system. Using IRAs to avoid triggering taxable events with cryptocurrency Investments is a strategy that has been considered for some time, with North American mining and hosting firm Compass Mining offering a solution for BTC users to mine directly to their IRAs last year. Before diving deeper, it’s important to point out that Roth IRAs are only available in the United States, although...

Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin’s on-chain data gives investors hope. Despite the market downturn and the widespread negative sentiment in the industry in the wake of the FTX collapse, on -chain data still show reasons to be bullish on Bitcoin (BTC).  As pointed out by on -chain analyst Will Clemente, it’s enough to look at the positions of long-term holders, which reached an all-time high despite their profitability being at an all-time low. “Long-term holders buy heavily into the bear market. They set the floor, [...] and then those long-term holders distribute their holdings to new market participants in the bull market,” he told Cointelegraph in an exclusive interview. Another positive trend worth noticing after the FTX collapse, in Clemente’s opinion, is that the average crypto user is increasingly turning away from exchanges and taking self-custody of their own coins.  According to Clemente’s Analysis , that can be seen...

As anti-French sentiment rides high in West Africa, Bitique opens its doors, the “Bitcoin Mastermind” conference beckons and more nodes come online to verify the Bitcoin blockchain. Bitcoin (BTC) adoption in West Africa is dominated by Nigeria, the crypto powerhouse and the region’s economic engine. But against a backdrop of anti-French sentiment, Bitcoin educational efforts are also bubbling away in French-speaking West Africa. Senegal recently opened its first physical Bitcoin exchange and education center called Bitique, and the country of 17 million people will host another Bitcoin Forum in the capital, Dakar, in December, where pseudonymous local Bitcoin advocate, known as Nourou, runs an independent Bitcoin node beamed from space. In Benin, a country of 13 million people to the west of Nigeria, the Bitcoin-only Bitcoin Mastermind conference takes place next month. The first of its kind in the country, Bitcoin Mastermind unites Bitcoin entrepreneurs and crypto enthusiasts from h...

While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation. A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term. Now feels like an appropriate time to introduce #BAYC 586 to #Punk 685 (acquired a week ago). Hope to hold both for a decade… LGF! pic.twitter.com/SLb68rY6MR — Brandon Riley (@vitalitygrowth) March 19, 2023 As a seasoned investor, Riley knew the importance of procuring new NFTs right before crypto markets took off into a new bull market. As a result, he decided to borrow some money against CryptoPunk #685 by using a popular technique known as wrapping. I did do ...