Happy Halloween / Happy Bitcoin Whitepaper Day
10/31/2024 23:45Here are the biggest stories of the week, along with analysis from The Street, and important Blocksleaders information to stay informed. But first a reminder that today, sixteen years ago, Satoshi Nakamoda published the Bitcoin white paper According to Investing.com on October 23, there was massive ...
Here are the biggest stories of the week, along with analysis from The Street, and important Blocksleaders information to stay informed. But first a reminder that today, sixteen years ago, Satoshi Nakamoda published the Bitcoin white paper
According to Investing.com on October 23, there was massive sales that eliminated $138 million from the crypto market. This reduced the concerns related to liquidity risks and exchanges initially related to leveraged assets. The sell-off started as accumulated liquidations escalated fast huge drops throughout altcoins, which increased concern over the stability of the market, especially for secondary exchanges that depended on thin lucrative margins.
Even during the downturn, Bitcoin held its ground and was down by only 3% whereas comparatively less known tokens like Dogecoin and Solana declined by more than 10%.
In the climax of a re-election campaign rally on October 22, 2024, Eminem, a Detroit-based rapper accompanied former president Barack Obama in supporting Kamala Harris for presidency. The rally when the influential leaders came together was held in Detroit as both of the leaders sought to mobilize voters for the poll. Then Eminem sang: He spoke the message to the fans asking for cooperation and voting. He had to explain how she was fully supportive of progressive agendas, including issues that are essential for the voting population of the city.
Obama also said the same thing by applauding Harris as a great leader. He particularly called on the electorate to appreciate the fact that most issues confronting the country require concerted action and called for support for his party so as to address the challenges facing the nation. There was emphasis on the importance of younger generations which should play an active role in the society, and called on the young people to mobilize.
Newcomers such as Doland Tremp and FreeDum Fighters ramped up the interest of investors this week. On October 24, Cryptopolitan evaluated the future of these coins with chances of Doland Tremp outperforming $898. With the price currently at around $0.85, more people are using it and comparing it to conventional cryptocurrencies for having a ‘freedom' theme, being a deflationary currency. On the same note, FreeDum Fighters at approximately $0.50 has an elaborate projection of strong community influence and possible appreciation of the digital asset in regard to early trade volume increments. This leads to speculation of which token could produce better returns hence the creation of speculative tokens.
The debate between the presidential candidates of the United States this week, turned to crypto policies, and demonstrating that some American bankers have opposite views regarding the future of the crypto industry regulation. As for the banking industry, Cointelegraph noted that bankers are supporting ex-President Trump, pointing to his business-friendly position for the process of cryptocurrencies’ liberalization. Nevertheless, according to the observed polling data, most industry insiders expect Harris to win the election; therefore, communities involved in crypto trading should exercise caution since they hoped for complete legalization.
This election may determine how the regulators regard such areas, especially the Central Bank Digital Currencies, which was a topic often mentioned during the debate. This seems to indicate that crypto could be in for some turbulence in case Trump wins since Harris’s measures would likely cause different types of effects in the digital asset management space in the United States.
Jillian also polled OGs and leading crypto advocates on their views on the race for The Street
A Chinese trader laundering $17 million belonging to North Korea’s Lazarus Group emerged as the subject of the week. A report on October 23 showing that the funds were channeled through multiple decentralized platforms goes to show that there are major weaknesses in crypto markets to the subject of criminal activities. This scenario brings into focus security issues, and underlines the imperative of effective AML protocols.
Lazarus Group, well-known hackers who specialize in carrying out very elaborate cyber operations, has previously focused on the crypto industry, driven by DFi systems, which are not heavily regulated. These transactions have been prohibited to prevent the directors of digital finance from cybercriminals, and Chinese authorities started investigating these transactions with the help of facial recognition.
During the recent segment by The Street, Jillian described the significant impact that Justin Sun has for blockchain freedom and development. With this unapologetic approach, Sun supports the decentralized control method where users retain control of the assets without the need for third parties. This has made him become a media target, especially as he seeks to offer open the platforms directly to the users.
In the recent The Street article by Lisa, very crucial integration between Chainlink, SWIFT, and Euroclear was unveiled on October 23 advancing secure blockchain transfers. The parts seek to carry out the goal of solving the interoperability issues and enable asset exchange across blockchains. This innovation is of even higher importance for institutional investors who are looking for reliability in multi-chain finance.
In the last two segments its visible that as traditional finance interacts with decentralized networks, these two features are critical for secure and dependable cross-chain transactions. All these aspects are in line with Chainlink’s proposition to facilitate the uptick in demand that is set to revolutionize institutional adoption while smoothing integration and realization of blockchain operations at scale.
Blockchain could help the related industries achieve that by increasing the transparency in the legal cannabis sector – that’s according to Blockleaders. On October 24, the article outlined the ways Web3 and NFTs are offering solutions to legalized cannabis firms plagued with regulation hurdles. Blockchain enables companies operating in this sector to deal with their supply chain, and ensure that the whole process from seed to sale is transparent in an effort to help them meet the legal requirements and build consumer confidence.
.Finally. we wish our readers a very Scary Halloween in the Metaverse