The man who sold his house for bitcoins in 2017 can now buy 25 houses The story of Tayhuttu is a testament to the strength of character in the face of financial uncertainty. His willingness to take risks and change course in tough times underscores a mindset that is based on long-term vision rather than short-term setbacks. With the price of bitcoin at $100,000, 100 BTC today is worth a whopping $10 million. If the head of the Tayhuttu family had kept every satoshi, he could buy 25 houses at $400,000 each. Of course, while traveling the world all this time, the family spent some of their BTC #BTC_Update
OKX to List HMSTR Token on September 26 The exchange will also launch promotional campaigns to increase user engagement before and after the listing of HMSTR. HMSTR Futures with 2x Leverage Now Available on O KX
OKX cryptocurrency exchange will be one of the first platforms to list the token of the popular "tapalka" Hamster Kombat (HMSTR)
The number of cryptocurrency holders has doubled in just one year
The number of people holding more than $1 million in cryptocurrencies has doubled in a year, from 88,200 to 172,300, according to the Crypto Wealth Report 2024, published by South African firm New World Wealth and London-based Henley & Partners. MENU Mobile login HomeProfitable storiesFinancialThe number of cryptocurrency holders has doubled in just one year The number of cryptocurrency holders has doubled in just one year FINANCIAL Profit.ro written on Wednesday, 21:40 The number of people owning more than $1 million in cryptocurrencies has doubled in a year, from 88,200 to 172,300, according to the Crypto Wealth Report 2024, published by South African firm New World Wealth and London-based Henley & Partners. Also follow us on Google News event September 11 – Marathon The impact of taxation on the economy . Partners: ARB, Bank CIC, CITR September 24 – Event News.ro – ROINVEST – Issue five . Partners: ARB, CEC Bank, ROCA, Teraplast September 30 – Profit.ro e-Commerce Event – The Challenges of Growing in an Increasingly Competitive Market – Fifth Edition . Partners: CEC Bank, ContentSpeed October 7 – Profit Energy.forum Event – 8th Edition Partners: Raiffeisen Bank November 5 – Profit Gala – Profit Stories… Made in Romania . Partners: ARB, Garanti BBVA, Raiffeisen Bank, Philip Morris Romania. This study found 172,300 millionaires holding crypto assets, up 95% from 88,200 in 2023, news reports.ro. READ ALSO CHARTS Lei credit is growing rapidly. The population is increasingly borrowing from banks About 85,400 of these millionaires made their fortunes with Bitcoin. The market, fueled by the queen of cryptocurrencies, which surpassed a record 73,000 in March, has shown another significant increase in recent months. In 2024, the total capitalization of cryptocurrencies will be $2.3 trillion, up from $1.2 trillion last summer.
LAST TIME The government is preparing to regulate the cryptocurrency market. Measures are being tightened, leading to
The government is discussing an emergency regulation that would subject cryptocurrency transactions to stricter due diligence and anti-money laundering regulations. According to the regulation, analyzed by Profit.ro, cryptocurrency issuers and trading platforms would have to be authorized and would come under the supervision of the ASF or BNR.
Analysts Name Bitcoin Bull Cycle Timing, Explaining Reasons for Extremely High Volatility
Despite the resistance of the authorities and dubious initiatives from the financial community, Bitcoin is slowly but surely becoming a full-fledged participant in the money transfer market. Today, you can’t buy anything with cryptocurrency, and this is the only thing that holds back the rapid growth in popularity of digital assets. Experts believe that in the coming years, it will be possible to reduce intra-network fees by an order of magnitude, which will make paying for goods and services with cryptocurrency more attractive. For now, everything comes down to primitive accumulation, when ordinary people and big tycoons try to preserve and increase their own capital. There are also traders speculating on the background of cycles of decline and growth, as well as holders of large wallets looking for their own benefit in the market. Usually, big fish buy cryptocurrency at the very bottom, and then sell it with a big profit, and as a result, the digital asset market has long acquired all the characteristics of traditional exchanges.
Telegram founder Pavel Durov has been charged. He was released on bail but banned from leaving
A French judge on Wednesday opened a formal investigation into Telegram founder Pavel Durov for organised crime, but he can avoid pre-trial detention by posting €5 million bail. Durov must report to the police twice a week and is prohibited from leaving France, Reuters reports.
Investors Expect Bitcoin to Hit $100,000 in September, Here's Why
As BTC recovers from its August lows, crypto community members share their opinions on what levels the coin is aiming for. BeInCrypto editors have compiled their predictions in one review What's Happening With Bitcoin Bitcoin started the new working week with a slight increase. As of the time of writing, the cryptocurrency is trading at $64,161, which is almost 13% below the absolute maximum recorded at $73,750 in March 2024$BTC
The first coin giveaway was originally planned for July, but was later postponed. The team then cited the impossibility of predicting the exact date of the event due to technical difficulties. The large number of players — about 50 million daily active users in 190 countries — could become another problem in the distribution of meme tokens. On August 26, sentiment entered the greed zone, people began to increase longs, buy on the spot due to the growth of FOMO sentiments. Headlines appeared that we had new growth. But for such a dump, it was, let's say, an inappropriate time. […] To remove the liquidity of buyers, it would have been necessary to hold for another day or two, and this would have given much larger volumes. This happens when a large seller suddenly appears," the expert commented.
What's Happening With Bitcoin Bitcoin ended Tuesday, August 27, with a decline. The cryptocurrency failed to hold the $60,000 level. As of the time of writing, Bitcoin is trading at $59,262, which is almost 20% below the all-time high of $73,750, which was recorded on March 14, 2024. Before diving below $60,000, Bitcoin made two attempts to storm $65,000.
Media: Binance Blocks Some Accounts of Clients from Palestine
CEO of P2P marketplace NoOnes Ray Youssef said that cryptocurrency exchange Binance plans to seize all funds from all clients in Palestine at the request of the Israel Defense Forces. The media writes that the blocking affected only some accounts. Binance has seized all funds from all Palestinians at the request of the IDF. They refuse to return the funds. All appeals have been rejected.
Guys, this is my personal opinion, despite everything, they should at least close Durov, but Europe, America and all other countries still keep telegram at a higher level, despite everything, in any situation, Russian does not give up, if Russian does not give up, then no one gives up, this is confirmation that everyone respects and will respect this person. So the French saw that they cannot come up with anything and decided to dig up something impossible. So guys, I think that all this will soon be completely closed and everything will be as before#ПавелДуров #telegram
In my opinion, Durov deserves the Nobel Prize. Therefore, I sent an official proposal to the Nobel Committee to award Pavel Durov the Nobel Prize. This proposal has already been supported by representatives of a number of universities and public organizations from Asian and African countries," Klimenko wrote.
Pavel Durov has been officially nominated for the Nobel Prize. Rector of the Eurasian International University Konstantin Klimenko announced that he had sent an official submission to the Nobel Committee to award the founder of Telegram Pavel Durov the Nobel Prize. In my opinion, Durov deserves the Nobel Prize. Therefore, I have sent an official submission to the Nobel Committee to award Pavel Durov the Nobel Prize. This idea has already been supported by representatives of a number of universities and public organizations from Asian and African countries," Klimenko wrote. He noted that he invited Durov to the Dubai BRICS Investment Forum as a speaker. As Klimenko emphasized, the businessman will be given the opportunity to participate in the forum remotely if he continues to be under arrest in France.#Telegram French intelligence services detained Pavel Durov on the evening of Saturday, August 24, at Le Bourget Airport in Paris. He is suspected of illegal activities such as drug trafficking, crimes against minors, and fraud. The Union of Journalists of Kazakhstan appealed to the French authorities on August 26
What is Bitcoin backed by? What is its value? Bitcoin is the first digital currency. It was created in 2009 by Satoshi Nakamoto, whose identity remains anonymous, and the debate about whether he is the developer or a group of developers hiding behind a pseudonym still rages. Since its inception, Bitcoin has attracted the interest of investors due to its unique nature and potential. Bitcoin is not backed by gold, foreign exchange reserves, or any physical assets at all. So why is it valuable and so popular? Let's figure it outDecentralization and security
Particular attention was drawn to the transfer fee, which amounted to only 60 cents, despite the huge transaction amount. This fact once again emphasized the efficiency and cost-effectiveness of blockchain technology compared to traditional bank transfers, where the fee for an international transaction of this size could be significant.#BTC $BTC #binance
Correction is coming: 30,000 bitcoins worth $2 billion sent to Binance The cryptocurrency community is excited by an unexpected transaction that took place on the Bitcoin network today. An unknown wallet, about whose owner there is no information, transferred 30,000 BTC (about $2 billion at the current rate) to the popular cryptocurrency exchange Binance. The transaction was carried out in one transfer, which is rare for operations of this scale. Experts note that such large transfers to centralized exchanges often precede the sale of assets. In 90% of cases, such actions signal the owner's intention to sell part or all of the transferred funds. Given the volume of the transaction, this may have a significant impact on the cryptocurrency market in the near future.#BTC #Bitcoin #CryptoNewss
The arrest of Telegram founder Pavel Durov is the first major arrest of a company executive “for failing to sufficiently control his platform.” It is unlikely to be the last, according to a report from Galaxy Research, writes CoinDesk.
According to the analysts, the team and Durov likely resisted requests from the French authorities to remove or provide information.
“It is possible that some of the ‘fraud’ or ‘money laundering’ charges may be related to the integration with TON and/or the use of TON in illegal activities,” the report says.
The blockchain associated with the messenger has more than 350 validators worldwide, but it is unclear how many, if any, Telegram uses. For this reason, it is unknown “to what extent TON will be resilient if France or other authorities try to ‘attack’ or ‘destroy’ it as part of Durov’s arrest,” the experts emphasized.#ton
Binance has called on the US government and various organizations around the world to assist in the release of top manager Tigran Gambaryan.
The crypto exchange's VP of Global Intelligence and Investigations has been in custody in Nigeria for six months. According to the company's CEO Richard Teng, the top manager's physical and mental health is rapidly deteriorating.
"Despite Tigran suffering from severe pain and unable to move, the Nigerian government has refused to provide him with the necessary medical care and access to legal representation, which violates the constitution. He has also been denied access to US consular support," Teng noted.#binance #Nigeria