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📰 GoMarket Weekly #31: HBO ‘Unveils’ Satoshi, FBI Creates Bait Token

Our guest expert Mike Ermolaev covers this week’s most pressing developments in the crypto space—and it’s been an action-packed few days!

📉 Bitcoin Struggles Amid Inflation & Global Uncertainty

Bitcoin’s value has been under pressure, fluctuating between $60,129 and $62,812. U.S. inflation hit 2.4% in September, while unemployment claims surged to a yearly high. These factors, combined with geopolitical instability in the Middle East and a heating U.S. election season, have left investors uneasy and risk-averse.

📈 Bull Market Before Year’s End?

Despite a shaky Q3, Bitcoin remains the top-performing asset of 2024, with a 49.2% gain so far this year! Even with a modest 2.5% rise in Q3, Bitcoin is showing signs of resilience. Investor appetite is on the rise, thanks to spot ETFs accumulating $4.3 billion in Bitcoin holdings. Could we see a strong market rebound post-election? NYDIG analysts think so, especially if Trump takes office, as his policies are expected to be more crypto-friendly.

🎥 HBO Documentary ‘Unveils’ Bitcoin’s Creator

In an explosive twist, HBO released a documentary that claimed that a Bitcoin developer Peter Todd is the real Satoshi Nakamoto. According to filmmaker Cullen Hoback, Todd—who has been involved in Bitcoin development since 2010—may have hidden his identity for over 15 years and even destroyed access to 1.1 million bitcoins, now worth $70 billion. But Todd fiercely denied the claims, calling them “ludicrous.”

🇦🇪 UAE Makes a Bold Move: VAT Exemption for All Crypto Transactions

In a major regulatory development, the UAE has announced a full exemption from VAT for all crypto transactions, retroactive to January 1, 2018. As part of a broader overhaul of tax regulations, this decision is expected to supercharge crypto adoption in the region. The new rules kick in on November 15, 2024, making the UAE a top destination for crypto businesses and investors.

⚖️ FBI Creates Its Token For Major Market Manipulation Sweep

In a historic first, federal prosecutors in Boston have filed criminal charges against 18 individuals and organizations for market manipulation in the crypto space. Gotbit, ZM Quant, and others are accused of fraudulent activities, including wash trading to inflate token prices. The authorities have seized over $25 million in assets, and Gotbit’s 26-year-old founder, Alexey Andryunin, has been arrested. Even more fascinating is that the FBI created their own Ethereum-based token, NexFundAI, to expose fraudulent activities in the crypto market.

💥 FTX’s $16 Billion Bankruptcy Plan Approved

In another major update, a U.S. court has approved FTX’s bankruptcy plan, which aims to repay up to $16.5 billion to creditors. Smaller claims (under $50,000) will be settled by the end of 2024, with larger claims being addressed in 2025. While the plan is a huge step forward, some customers remain frustrated as they’ll receive their payouts based on 2022 cryptocurrency values, missing out on the recent price surge.

Don't just keep up – stay ahead of the crypto curve. Check out the full report to dive into all the essential insights you don’t want to miss!

📲 Read the full article here 👇

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www.tg-me.com/us/GoMining News/com.gmt_token/3264

8.47K viewsOct 11, 2024 at 21:06

📰 GoMarket Weekly #31: HBO ‘Unveils’ Satoshi, FBI Creates Bait Token

Our guest expert Mike Ermolaev covers this week’s most pressing developments in the crypto space—and it’s been an action-packed few days!

📉 Bitcoin Struggles Amid Inflation & Global Uncertainty

Bitcoin’s value has been under pressure, fluctuating between $60,129 and $62,812. U.S. inflation hit 2.4% in September, while unemployment claims surged to a yearly high. These factors, combined with geopolitical instability in the Middle East and a heating U.S. election season, have left investors uneasy and risk-averse.

📈 Bull Market Before Year’s End?

Despite a shaky Q3, Bitcoin remains the top-performing asset of 2024, with a 49.2% gain so far this year! Even with a modest 2.5% rise in Q3, Bitcoin is showing signs of resilience. Investor appetite is on the rise, thanks to spot ETFs accumulating $4.3 billion in Bitcoin holdings. Could we see a strong market rebound post-election? NYDIG analysts think so, especially if Trump takes office, as his policies are expected to be more crypto-friendly.

🎥 HBO Documentary ‘Unveils’ Bitcoin’s Creator

In an explosive twist, HBO released a documentary that claimed that a Bitcoin developer Peter Todd is the real Satoshi Nakamoto. According to filmmaker Cullen Hoback, Todd—who has been involved in Bitcoin development since 2010—may have hidden his identity for over 15 years and even destroyed access to 1.1 million bitcoins, now worth $70 billion. But Todd fiercely denied the claims, calling them “ludicrous.”

🇦🇪 UAE Makes a Bold Move: VAT Exemption for All Crypto Transactions

In a major regulatory development, the UAE has announced a full exemption from VAT for all crypto transactions, retroactive to January 1, 2018. As part of a broader overhaul of tax regulations, this decision is expected to supercharge crypto adoption in the region. The new rules kick in on November 15, 2024, making the UAE a top destination for crypto businesses and investors.

⚖️ FBI Creates Its Token For Major Market Manipulation Sweep

In a historic first, federal prosecutors in Boston have filed criminal charges against 18 individuals and organizations for market manipulation in the crypto space. Gotbit, ZM Quant, and others are accused of fraudulent activities, including wash trading to inflate token prices. The authorities have seized over $25 million in assets, and Gotbit’s 26-year-old founder, Alexey Andryunin, has been arrested. Even more fascinating is that the FBI created their own Ethereum-based token, NexFundAI, to expose fraudulent activities in the crypto market.

💥 FTX’s $16 Billion Bankruptcy Plan Approved

In another major update, a U.S. court has approved FTX’s bankruptcy plan, which aims to repay up to $16.5 billion to creditors. Smaller claims (under $50,000) will be settled by the end of 2024, with larger claims being addressed in 2025. While the plan is a huge step forward, some customers remain frustrated as they’ll receive their payouts based on 2022 cryptocurrency values, missing out on the recent price surge.

Don't just keep up – stay ahead of the crypto curve. Check out the full report to dive into all the essential insights you don’t want to miss!

📲 Read the full article here 👇

BY GoMining News