The Department of Justice Charges Gotbit Founder
WASHINGTON, October 31 (Reuters) - The founder of Gotbit, a crypto market-making company, has been accused of involvement in a large-scale conspiracy aimed at manipulating cryptocurrency markets on behalf of client crypto firms, the U.S. Department of Justice reported on Thursday.
Indictment of Aleksei Andriunin
Aleksei Andriunin, 26, faces charges of fraud and conspiracy to manipulate the market and commit wire fraud, according to the Department of Justice’s statement.
Gotbit Accused of Manipulating Trading Volumes
The Department of Justice alleges that between 2018 and 2024, when Andriunin was CEO, Gotbit provided market manipulation services designed to artificially inflate trading volumes for several cryptocurrency companies, including some based in the United States.
Additional Charges for Gotbit and Its Executives
The indictment also includes two Gotbit executives — Fedor Kedrov and Qawi Jalili — who were previously charged in a case unsealed on October 9.
Potential Sentence for Andriunin
If convicted of wire fraud, Andriunin faces a maximum sentence of 20 years in prison. For conspiracy to manipulate the market and commit fraud, he could face an additional five years, according to the Department of Justice.
Other Crypto Fraud Cases
On October 9, federal prosecutors announced charges against Gotbit, ZM Quant, CLS Global, and their leaders and employ
#LegalUpdate , #CryptoLaw , #cryptoregulation , #CryptoNews🚀🔥 , #Gotbit

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If the SEC fails to submit its main appeal by the specified deadline, the appeal will be automatically dismissed.
Appeals Court Sets Deadline for SEC to Submit Appeal
The United States Court of Appeals for the Second Circuit has ordered the Securities and Exchange Commission (SEC) to file its main appeal against Ripple Labs by January 15, 2025. This decision came after the SEC requested an extension until that date.
No Further Delays
Initially, the SEC missed its deadline to submit the appeal request. Attorney James K. Filan revealed the SEC’s formal request for an extension, and on November 1, a former federal prosecutor shared the court's decision to approve the extension. According to the document, if the SEC does not file its appeal by January 15, it will be dismissed. The court also stated that any further requests for extensions will not alter this deadline.
Legal Battle and the 2023 Ruling
The legal battle began following a 2023 ruling by Judge Analisa Torres, who concluded that Ripple's XRP token sales on exchanges do not constitute investment contracts under the Howey Test. However, #Ripple💰 was ordered to pay a $125 million fine for institutional sales of #Xrp🔥🔥 , which the judge deemed a violation of securities laws.
In response, the SEC announced its intent to appeal certain parts of the ruling. On October 17, the SEC filed its appeal statement, challenging, among other things, Ripple's programmatic sales of XRP on crypto platforms and token sales by Ripple’s executives, Brad Garlinghouse and Christian Larsen.
Ripple’s Counter-Move – Cross-Appeal
Ripple responded to the SEC’s actions with its own cross-appeal against certain parts of Judge Torres's decision. The company raised four main objections, including the definition of an “investment contract” under the Securities Act of 1933. Ripple argues that an investment contract requires a formal agreement with post-sale obligations and a profit guarantee for the buyer, which it claims does not apply to XRP sales.
Ripple also invoked the “fair notice” doctrine, arguing that the SEC and other regulatory bodies failed to provide adequate guidance on the legal status of cryptocurrencies. Ripple emphasized that it sought to inform XRP buyers of this regulatory uncertainty.
Prolonged Lawsuit Frustrates the XRP Community
This lawsuit, spanning over four years, has seen multiple delays, causing frustration among the #XRPcommunity .
#RippleVsSEC , #CryptoNews🚀🔥

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Satoshi Nakamoto, the mysterious creator of #Bitcoin, is finally set to reveal his identity! Here’s what this means for the world of crypto and beyond:
🔑 Who is Satoshi Nakamoto?
The mind behind Bitcoin’s creation in 2008, Nakamoto has remained anonymous for over a decade. Known only by a pseudonym, he’s sparked endless debate and speculation worldwide.
⏳ Why Now?
The timing couldn’t be more exciting! With the rise of institutional interest, Bitcoin’s role as digital gold, and increasing adoption, Nakamoto’s identity reveal could shake up the crypto landscape.
📈 What Could This Mean for Bitcoin’s Value?
Markets could see a massive shift! Bitcoin’s price might skyrocket, or there could be unexpected turbulence. This reveal could be a game-changer for crypto markets.
🌍 Impact on the Blockchain World
Blockchain technology owes its roots to Nakamoto’s vision. This reveal might spark a new wave of development and trust in decentralized finance.
💼 Crypto Community Buzz
From Twitter to Reddit, everyone’s speculating. Who could Satoshi really be? An individual? A group? An institution?
🔮 What’s Next?
Stay tuned for updates! Will Nakamoto reveal plans for the future of Bitcoin? Or simply step out from the shadows?
📢 Join the Conversation!
What do you think? Who is Satoshi Nakamoto? What will his reveal mean for the future of Bitcoin and blockchain?
🔗 Follow for Real-Time Updates!
#CryptoNews🚀🔥 #16thBTCWhitePaperAnniv

Stephen Mollah is the latest person claiming to be the inventor of Bitcoin, yet the London event where he was expected to provide proof ended in disappointment and skepticism.
A Strange London Event with a High Price Tag
With an eccentric look – a colorful turban, camouflage pants, a black jacket, and a long gray beard – Stephen Mollah has emerged as the newest person claiming to be Satoshi Nakamoto, Bitcoin's creator. On October 31, about a dozen journalists gathered at the Front Line Club to supposedly meet the “real” Satoshi. However, the club distanced itself from the event, and attendees were each expected to pay $644 (500 pounds).
Doubt from the Start
BBC reporter Joe Tidy, who live-tweeted the event, described the unusual atmosphere. The organizer even asked him to pay 500 pounds for the opportunity to ask questions. Journalists were skeptical from the beginning about meeting Bitcoin’s creator. According to the Financial Times, the presentation by Stephen Mollah and organizer Charles Anderson began unusually, with the microphone test phrase “Testicles, one, two, three.” Anderson then launched into a monologue about his alleged inventions, including “energy recovery systems” and his appearance on British Got Talent. Some journalists left at this point.

Mollah’s Appearance Full of Absurd Claims
After 40 minutes, Mollah took the stage, introducing himself as an “entrepreneur” and “economic and monetary scientist,” and proclaimed he was Satoshi Nakamoto. A representative of BitMEX Research noted that Mollah also claimed to have designed Twitter's logo, created the eurobond, and even the “ChatGPT protocol.”
Lack of Evidence for His Claims
Mollah’s claims, however, were unsupported by any concrete evidence. DL News reported that Mollah only displayed screenshots of old Bitcoin forum posts, which, according to the BBC reporter, were easy to fake. When Mollah was asked to verify his claims by transferring the “Genesis” coins, he refused, stating that he didn’t have access to the Bitcoin wallets because the keys were split into eight parts and stored on eight computers around the world.
Previous Attempts to Identify Nakamoto
Mollah is only one of many claiming to be Satoshi Nakamoto. HBO recently released a documentary erroneously identifying Canadian developer Peter Todd as Bitcoin’s creator, a claim Todd denied. Australian computer scientist Craig Wright also claimed for years to be Nakamoto until the UK High Court ruled in March that he was not the Bitcoin creator.
Legal Troubles for Mollah and Anderson
Mollah and Anderson are also facing legal issues over their claims. The London Evening Standard reported that they are involved in a legal dispute with Dlmit Dohil, who accused them of fraudulent behavior. Both were charged with fraud by false representation, and in September they pleaded not guilty in a London court. The trial is set for November 3, 2025.

#SatoshiNakamoto , #bitcoin☀️ , #BTC☀ , #CryptoNews🚀🔥 , #CryptoNewsCommunity

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A crypto analyst has surprisingly predicted a drop in Solana's price despite the ongoing bullish momentum. His analysis suggests a significant decline for Solana, offering a new perspective on this cryptocurrency's development.
According to a cryptocurrency trader on TradingView known as AlanSantana, Solana's trading volume over the past two months indicates that the cryptocurrency may be heading towards a potential crash.
Analyst Predicts a Massive Crash for Solana
AlanSantana noted that Solana's trading volume between September and October 2024 has dropped significantly, which often signals a bearish outlook and may indicate an upcoming downward price impulse. This development suggests a decrease in demand for the cryptocurrency.
The analyst contrasts the current situation with last year’s trading activity, specifically from September to November 2023, when Solana's trading volume was increasing. This growth in trading volume at the time fueled an upward rally that peaked in the first quarter of 2024, with Solana reaching significant highs.
Based on the difference between the two time periods and the current decline in trading volume, the analyst suggests that Solana is more likely to head in a major bearish direction. He highlighted a potential drop in Solana's price below the $50 level, which would effectively erase the gains from the previous year and return the cryptocurrency to its November 2023 price range.

SOL Whales Remain Active
Solana is still partially in a bullish mode, despite the decline in trading volume noted by AlanSantana. According to data from on-chain monitoring firm Lookonchain, crypto whales increased their Solana trading activity over the past week.
In a post on platform X, Lookonchain cited three instances where Solana whale addresses withdrew SOL tokens from crypto exchanges and subsequently staked them. The largest transaction came from the address “AA21…VxH9,” which moved 153,511 SOL tokens worth approximately $26.4 million from Binance to stake them.
Another whale, identified as “EHax...gAUa,” withdrew 35,498 SOL tokens worth $6.12 million from Binance and Kraken over three days and then staked the tokens. Conversely, the whale address “EGzi…mR7g” purchased 13,000 SOL tokens worth $2.3 million from Binance, bringing their total to 95,651 SOL.
Interestingly, another smart whale address recently sold 26,726 SOL worth $3.86 million. Known for its low buys and high sells, this whale currently holds 42,729 SOL, valued at $7.61 million.

At the time of writing, Solana is trading at $178, an 8% increase over the past seven days. The accumulation and momentum are currently bullish, making a drop toward $40 seem unlikely at this moment.
#Solana_Blockchain , #SolanaCoin , #SOLPriceAnalysis , #Cryptocurrencies , #CryptoNews🚀🔥

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Binance, the world's largest cryptocurrency exchange, is expanding its range of altcoins.
Recently, Binance announced it will launch futures trading for the altcoin TROY with up to 75x leverage.

"To expand the range of trading opportunities on Binance Futures and enhance user experience, the TROY/USDT Perpetual Contract with leverage of up to 75x will be available starting October 31, 2024, at 13:00 (UTC)," stated Binance.
Following this announcement, TROY's price saw a significant increase.

#BinanceNews , #CryptoNews🚀🔥 , #BinanceExchange

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Asia's Rise as a Leader in Cryptocurrency
The geographic distribution of cryptocurrency developers often indicates which regions are poised to lead future blockchain innovations. A recent report showed that Asia has surpassed North America, emerging as a leader in cryptocurrency and blockchain development.
Asia’s share of the crypto developer base grew to 32% in 2024, a significant increase from 13% in 2015. This growth positions Asia as a key region for developer talent in this rapidly evolving industry.
Decline of Developers in North America
Meanwhile, the share of North American developers has effectively halved over the same period, dropping from 44% in 2015 to 24% in 2024. Maria Shen, General Partner at Electric Capital, commented on October 30:
“Asia is now number 1 for crypto developers. The U.S. is losing market share. Crypto affects every state in the U.S. — it should be neutral.”

This growth in Asia’s developer base is a positive indicator of mass blockchain adoption, as it suggests an increasing number of consumer applications built on this technology.
The U.S. Still Leads in the Number of Crypto Developers
Despite 81% of blockchain developers now residing outside the United States, the U.S. still holds the highest number of developers globally. Approximately 18.8% of all crypto developers are based in the U.S., followed by India at 11.8%, with the UK holding the third position at 4.2%.

However, since 2015, the U.S. has seen a decline of over 51% in its share of developers, despite the continued growth of the industry. In the U.S., 22.3% of developers are based in California, and 13.7% in New York, with 64% located outside these two states.

Research on Crypto Data on GitHub
Researchers analyzed over 200 million cryptocurrency-related records on GitHub across 350,000 repositories. Geographic data was drawn from more than 110,000 developer wallets, where developers self-reported their locations.
Growing Institutional Interest in Cryptocurrency in Asia
Institutional interest in cryptocurrency is rising in Asia. In South Korea, the number of crypto investors increased by over 21% in the second half of 2024. This growth pushed the cumulative operational profits of the top 21 local centralized exchanges (CEX) above $4.2 billion, representing a year-over-year increase of 106%.

#Cryptocurrencies , #worldnews , #CryptoNews🚀🔥 , #cryptoWorld , #BTC☀

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Bitcoin Halloween: Stories of Loss and Deception
On Halloween and the anniversary of the #bitcoin☀️ whitepaper, Cointelegraph presents six spine-chilling crypto mysteries perfect for sharing around the campfire. The crypto world is filled with tales of disappearance and fraud, from millions lost on hard drives to founders who vanished.
These eerie stories reveal the hidden risks of Bitcoin and #Cryptocurrencies and the lengths people will go to recover their elusive fortunes.
The Lost Bitcoin on the Landfill and James Howells
In the depths of a landfill in Newport, UK, lies a "ghost" of Bitcoin, haunting the piles of trash for over a decade. In 2013, IT technician James Howells mistakenly threw away a hard drive containing 8,000 BTC. At the time, it was worth around $1 million; today, it's valued at more than half a billion dollars.

Howells has planned numerous “expeditions” to reclaim his lost digital fortune, but each attempt has been thwarted by the local council. The landfill, buried under thousands of tons of waste, has become the grave for Howells’ Bitcoin treasure, now worth a fortune but still out of reach. Howells is currently suing the city of Newport for more than £495 million ($643 million), with a decision expected on December 3 on whether he will be allowed to embark on his "Bitcoin ghost hunt."
The Zombie Bitcoin That Won’t Die: Chilling Tales of Lost Digital Wealth
Each lost Bitcoin carries its own story—forgotten passwords, damaged wallets, or cryptographic secrets taken to the grave. Glassnode estimates that around 1.5 million BTC is likely lost forever.

However, some of these forgotten tokens occasionally “wake up.” Old coins dormant for more than a decade are reintroduced to the market, giving patient investors a profitable return. Yet, the majority of these coins will remain inactive forever. Bitcoin enthusiasts sometimes check Satoshi Nakamoto’s dormant wallets, holding over 1 million BTC, to see if they show any signs of movement. As Satoshi once said, “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”
USDT in Chains: Tether's Shadowy Whispers
With USDT Tether's growing popularity, its market capitalization now exceeds $120 billion, sparking chilling rumors of unrecorded reserves and suspicious transactions.
Recently, the Wall Street Journal reported that U.S. federal authorities are investigating Tether for alleged money laundering by third parties. Tether's CEO Paolo Ardoino dismissed the report as “old noise,” but fears linger. A collapse of Tether could cause the entire market to plummet, and the idea of reliving such a nightmare hangs ominously over the industry.

The Disappearance of QuadrigaCX's Founder
As CEO of Canada’s crypto exchange QuadrigaCX, Gerald Cotten managed millions in digital assets. In December 2018, however, he suddenly died, losing access to over $190 million worth of cryptocurrencies.
Cotten’s death remains a mystery. Reportedly, he succumbed to complications from Crohn’s disease while visiting India, where he planned to open an orphanage. However, after his death, it emerged that Cotten was the sole manager of QuadrigaCX’s assets, and further investigations revealed suspicious transactions. Some speculate that Cotten faked his own death and absconded with the funds.

The Vanishing Crypto Queen Ruja Ignatova
Ruja Ignatova, also known as the "Crypto Queen," founded OneCoin, which turned out to be a Ponzi scheme. Ignatova disappeared in 2017, just as investigations into her company intensified worldwide.
OneCoin promised huge returns but lacked a genuine blockchain. Ignatova accumulated around $4 billion and has been missing ever since. In 2022, she was added to the FBI’s top ten most wanted list, but her fate remains unknown.

Crypto Exchanges in the Dark
In cryptocurrency trading, fortunes can be made or lost in an instant. But beyond market volatility, traders also face the unsettling risk of sudden exchange outages.
For example, in 2018, a two-hour upgrade on the Kraken exchange turned into a 48-hour outage. In March 2021, Binance faced a surge in trading activity that caused the platform to crash, leaving trades in limbo. Such incidents can quickly turn a trader’s luck—transforming potential gains into losses in the blink of an eye.

#CryptoMystery , #bitcoinholders , #CryptoNews🚀🔥

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The price of #Xrp🔥🔥 is adjusting its gains and testing key support around the 0.520 USD level. It may rebound from this level and begin a new upward movement.
XRP is eyeing further gains above the 0.5300 USD zone.The price is trading above 0.5200 USD and the 100-hour simple moving average.On the hourly chart of the XRP/USD pair (Kraken source), a key bullish trend line with support at 0.520 USD is forming.If the price settles above the 0.5300 USD resistance zone, it could gain bullish momentum.
XRP Price Support Review
The price of XRP started a slight upward move above the 0.5150 USD level, reaching above the 0.520 USD resistance, though it trailed slightly behind Bitcoin and Ethereum. Bulls managed to push the price above the 0.5250 USD level.
XRP reached as high as 0.5307 USD before beginning to correct its gains. It dropped below 0.5265 USD and the price fell under the 50% Fib retracement level of the increase from 0.5111 USD to 0.5307 USD.
Currently, XRP is trading above 0.5200 USD and holding above the 100-hour simple moving average. A key bullish trend line is also forming on the hourly chart of the XRP/USD pair, providing support at 0.520 USD.

On the upside, the price could face resistance near the 0.5250 USD level, with the main resistance positioned at 0.5300 USD. Another key resistance could be 0.5320 USD. If a breakout occurs above 0.5320 USD, the price could target the 0.5450 USD resistance level. Further gains might push the price up to 0.5550 USD or even 0.5850 USD in the near term. The major barrier lies at 0.6000 USD.
Possible Downsides?
If XRP fails to clear the 0.5250 USD resistance, a further decline may ensue. The initial support on the downside is at the 0.5200 USD level. The next main support lies near 0.5185 USD, corresponding to the 61.8% Fib retracement level of the upward wave from 0.5111 USD to 0.5307 USD.
Should this level break, with a close below 0.5185 USD, the price may continue falling toward the 0.5050 USD support. Another key support level is around the 0.5000 USD mark.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing momentum in the bullish zone.Hourly RSI (Relative Strength Index) – The #RSI for XRP/USD is now below the 50 level.Key Support Levels – 0.5200 USD and 0.5185 USD.Key Resistance Levels – 0.5250 USD and 0.5300 USD.
#XRPPricePrediction , #CryptoPredictions , #CryptoNews🚀🔥

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Breach of the Decentralized Exchange Aggregator 1Inch and Other Platforms
The website of the decentralized aggregator 1Inch was compromised, along with multiple other platforms that use the same frontend library, Lottie Player.
The source of the attack came from malicious code embedded in the Lottie Player library, widely used for animations across several dApps and non-crypto websites. So far, no direct impacts on user wallets have been reported.
Warning for 1Inch Users Regarding Platform Interaction
According to several posts on X (formerly Twitter), the confirmed victims of the attack so far include 1Inch and TEN Finance. However, the number of affected platforms could be higher, as versions 2.0.5 and above of Lottie Player were exposed to the exploit.
The attackers reportedly inserted malicious code into JSON files used by these versions, allowing the compromised websites to perform unauthorized transactions, posing a significant risk to user assets and data.
Reports from Blockaid and other security firms indicate that the attack occurred through a compromise of the Lottie Player content server, with the malicious code distributed via an npm package. The insertion of unauthorized scripts directly into the package has been confirmed.
As of yet, 1Inch has not released an official statement on the breach. Conversely, the Lottie Player team has confirmed that they have identified the cause of the issue and are working to remove the affected library versions.
Users are strongly advised to avoid connecting wallets or interacting with affected platforms until the security issues are fully resolved.

Increase and Escalation of Crypto Hacks
Security concerns remain one of the most pressing issues in the crypto industry, with the number of malicious activities rising each year.
Recently, hackers reportedly gained control of $20 million worth of cryptocurrency previously seized by the U.S. government. These funds were part of the $3.6 billion the authorities recovered from the Bitfinex hack.
The blockchain platform Radiant Capital experienced one of the year’s largest hacks, suffering a loss of over $50 million. Attackers gained access to the company’s private keys and swiftly transferred all assets.
Investigations and prosecutions of these crimes have also intensified. The FBI recently arrested Eric Council Jr., who allegedly hacked the SEC’s X (formerly Twitter) account to spread false information about Bitcoin ETF approval, significantly impacting the market. Federal authorities believe Council was not the mastermind behind the operation and are negotiating a plea deal with him.
In 2024, crypto hacks have already surpassed $2.1 billion, with CeFi platforms experiencing the most significant hits.

#cybersecurity , #HackerAlert , #CryptoSecurity , #Malware , #CryptoNews🚀🔥

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According to data from CoinStats, it appears that most cryptocurrencies, including Toncoin (TON), may have reached a local peak.

Current Movement of TON/USD
In the past 24 hours, Toncoin’s price has decreased by 0.66%. On the hourly chart, TON is trading within a local channel, with support at $4.956 and resistance at $5.070. Given that most of the daily ATR range has already been covered, significant price fluctuations by the end of the day are unlikely.

On a larger time frame, the situation has remained unchanged since yesterday. The low trading volume suggests that there is no indication of a major movement from either side of the market.
Therefore, the more probable scenario is consolidation within the price range of $4.95 to $5.150.

Mid-Term View on TON’s Price
From a mid-term perspective, the outlook for TON remains relatively neutral. The price is distant from key levels, indicating a lack of strength from both buyers and sellers. Overall, traders may witness a continuation of sideways movement around the current price.
#CryptoPredictions , #TON , #TonPricePrediction , #CryptoNews🚀🔥 , #Cryptocurrencies
At the time of writing, TON is trading at $5.025.

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If Bitcoin establishes itself as a store of value and governments continue devaluing their fiat currencies, #BTC☀ could reach six-figure territory, predicts Matt Hougan, Chief Investment Officer at Bitwise.
Hougan believes that rising interest in “store of value” assets and ongoing fiat currency devaluation could push Bitcoin’s value to $200,000, even without a collapse of the US dollar.
Two Key Bets in Bitcoin Investment
In an October 29 post on X, Hougan responded to a question from a financial advisor asking whether Bitcoin could reach $200,000 without a dollar collapse. He explained that investing in Bitcoin is essentially betting on two things: Bitcoin becoming a recognized store of value and governments continuing to “misuse” fiat currencies, which will drive higher demand for “hard” assets like BTC.
Hougan clarified that while these two factors are interconnected, they bring different potential price scenarios.
Comparing Bitcoin and Gold as Stores of Value
Bitcoin’s current market cap is approximately $1.4 trillion, about 7-8% of gold’s $18 trillion market cap. However, Hougan suggests that if #bitcoin☀️ “matures” to reach half the value of gold, one BTC could be worth roughly $400,000.
He added that due to governments’ “misuse” of fiat money control through printing, investors are increasingly inclined to seek value-storing assets. If Bitcoin maintains a 7% share relative to gold and demand triples, each BTC could be valued at $200,000.

The Importance of Cumulative Effects
“The key is that these factors add up,” Hougan explained. “If Bitcoin reaches maturity and the store of value market doubles, values quickly rise into the seven-figure range.”
Geopolitical Tension and Rising Demand for Value-Storing Assets
With growing global economic uncertainty and Middle Eastern tensions, demand for traditional assets like gold has surged, hitting a new all-time high of $2,778 per ounce on October 29.
The US dollar’s devaluation will likely remain part of US industrial policy, according to a report by institutional investor Financial Sense. Economists Marc Fasteau and Ian Fletcher argue that the US needs a strong industrial policy to compete with China. This policy should include support for innovation, protection against subsidized competition, and collaborative efforts to reduce the dollar’s value.

Some analysts suggest Bitcoin is set to reach a new all-time high in the coming weeks, as it neared the March record with a price of $73,562 on October 29. It then slightly pulled back and is now trading at $72,392.
#CryptoMarketTrend , #CryptoNews🚀🔥 , #digitalcurrency

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While Donald Trump has strong backing from the crypto community, Kamala Harris has also garnered significant support. The 2024 U.S. presidential election has attracted interest from crypto investors, with several key figures and entrepreneurs publicly endorsing both candidates.
Trump Leads in Crypto Support
Donald Trump, known for his cautious stance on Bitcoin, has received more public support from the crypto community than Harris. His advantage may be due to announcing his candidacy back in November 2022, whereas Harris was nominated only in July 2024.

One of the first to publicly back Trump was Jeremy Kauffman from the blockchain platform LBRY in May 2024. Harris received her first crypto-related endorsement in August from former Uphold CEO JP Thieriot, followed by John O’Farrell of Andreessen Horowitz.
Prominent Crypto Figures Backing Trump
Trump has also gained support from other influential figures in the crypto world. For instance, the founders of Gemini, the Winklevoss twins, pledged $2 million in Bitcoin for his re-election. Kraken founder Jesse Powell donated $1 million, calling Trump the “pro-crypto candidate.” Cathie Wood of ARK Invest and Elon Musk, Tesla’s CEO, have also endorsed him.

Other crypto project founders backing Trump include Charles Hoskinson (Cardano), Mike Belshe (BitGo), Justin Sun (Tron), and several key investors.
Harris Gains Crypto Community Support Despite Late Start
Despite her later start, Harris has gained the backing of some significant players in the crypto industry. In September, she broke her silence on crypto policy, supporting the industry while emphasizing consumer protection. Ripple CEO Chris Larsen and Cleve Mesidor from the Blockchain Foundation have expressed support for Harris, organizing fundraisers for her campaign.
One of her most notable supporters is Mark Cuban, who has criticized the potential of a second Trump term. She also has the backing of managers from firms like a16z and SkyBridge Capital, including Anthony Scaramucci, who is actively working on Harris’s crypto policy.

Independent Stances: Crypto Development Independent of Election Outcome
Some crypto representatives remain neutral, believing the growth of crypto does not depend on the election winner. Investor Tim Draper donated to both campaigns, expressing confidence that “both candidates have good intentions.”
Coinbase CEO Brian Armstrong believes the future U.S. government will be open to cryptocurrencies regardless of the election outcome. Mati Greenspan, founder of Quantum Economics, noted that the crypto community understands Bitcoin’s independence, with many people feeling that “voting for Harris poses no threat to crypto.”

On October 27, Michael Saylor of MicroStrategy conducted a survey showing that 90% of 100,000 respondents would choose Trump as the better president for Bitcoin.
#donaldtrump , #kamalaHarris , #Election2024 , #CryptoNews🚀🔥 , #Cryptocurrencies

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Russian authorities are stepping up their focus on illegal cryptocurrency mining in households, with a recent arrest in Novosibirsk of a man running large-scale mining activities without permission. This crackdown comes as Russia intensifies monitoring of energy consumption and regulating crypto mining in Siberian regions. Law enforcement reports that the miner used subsidized electricity to power his equipment and allegedly profited over 12 million rubles (around $123,000).
Novosibirsk Tightens Actions Against Crypto Mining
The arrest of a miner in Novosibirsk highlights a stricter stance against unauthorized use of electricity for home cryptocurrency mining. The regional Ministry of Internal Affairs, led by Deputy Chief Kirill Travin, identified violations of local power regulations and initiated criminal proceedings.
During a raid in the Moshkovsky District, authorities reported six administrative violations linked to mining activities. The arrested miner allegedly used the regional energy infrastructure for mining digital assets, prompting authorities to act as similar activities in households continue to grow.
According to regional sources, the miner profited approximately 12 million rubles through subsidized electricity use, reigniting calls for stricter regulations. Although the specific cryptocurrency mined remains unknown, speculation suggests it could be Ethereum (ETH). Similar cases of illegal mining have also been reported in Irkutsk and Buryatia.
New Legislation to Limit Home Crypto Mining
A new law, set to take effect on November 1, aims to restrict “private cryptocurrency mining” and enforce stricter compliance with local power limits for domestic miners. Recently introduced by President Vladimir Putin, this law marks another step in Russia’s efforts to restrict small-scale mining operations.

While the new law provides clearer guidelines for household miners, legal uncertainties remain, potentially creating ambiguity for smaller miners regarding their status.
Energy Providers Target Unauthorized Miners
In response to increased electricity consumption in regions like Novosibirsk, energy providers are intensifying efforts to identify and penalize unauthorized crypto miners. Reports indicate that “illegal” mining operations have been discovered in residential buildings, remote forests, and even near city facilities, such as landfills and wastewater treatment plants.
Amid rising tensions between local authorities and miners using subsidized residential energy, some miners are adopting new methods to avoid enforcement. On the Siberian front, “mobile crypto mining farms” installed in vehicles have gained popularity, allowing small-scale miners to stay mobile and circumvent regulations.
Russia’s Plans to Tax Industrial Miners
Russian lawmakers are also considering a new tax targeting industrial mining companies, potentially generating significant revenue for the state. This proposed tax highlights Russia’s shift towards integrating crypto mining within a regulated framework, allowing the government to monitor and benefit from the emerging crypto industry.

#CryptoNews🚀🔥 , #RussiaCrypto , #CryptoMining! , #Bitcoin❗ , #CryptoNewsCommunity

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Yesterday, the XRP community received a significant warning from prominent XRPL developer Wietse Wind. The alert concerns a fraudulent token named “Xaman.”
Xaman as a Fake Token and Its Risks
Xaman is a non-custodial client (wallet) for the XRP Ledger, enabling users to interact with the ledger and third-party tools. Wind emphasized on Twitter yesterday that no official Xaman token exists nor will it ever be: “There is no Xaman token, there will never be a Xaman token. We are not engaging in meme shitcoin releases.”

Wind, founder of the Xaman Wallet, formerly known as Xumm, clarified that neither he nor his team is associated with the so-called Xaman token currently trading on the First Ledger platform. “We did not issue this token,” Wind stated.
Fake Meme Coin Xaman and User Alert
Wind referred to the “Xaman” token as a “fake meme scam coin” and urged users to avoid any interaction with this token to protect themselves from potential financial losses.
XRP Community Warned to Stay Vigilant
Fraudulent tokens and scam projects pose a growing risk to crypto communities, and with the expanding XRP ecosystem, Wind’s warning highlights the need for increased caution. Community members are advised to verify information through official channels to help avoid scams.
New Tokens in XRPL and Record Issuances
The issuance of new tokens on the XRPL is growing, which brings additional risks. This month, First Ledger, a platform enabling the trading and tracking of tokens on the XRP Ledger, reached a new all-time high in daily issued tokens, surpassing even the record set in 2021.
Community Warnings and Official Channels
In light of these developments, XRPL dUNL validator and xrpcafe co-founder Vet issued a warning to XRP community members to stay cautious: “There are tons of impersonators out there. I will never issue a meme coin. I will never send you a DM. Stay alert.” Impersonation is common, which is why the official account of the Xaman wallet (formerly Xumm) warns against scammers posing as Xumm support or using fake NFT projects to obtain personal information from victims.

#Xrp🔥🔥 , #CryptoWarning , #CryptoSafety , #CryptoUpdate , #CryptoNews🚀🔥

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Cryptocurrency analysts suggest that a potential victory for Donald Trump in the upcoming election could bring a “dopamine hit” to the crypto market. However, it is essential for traders to remain cautious, as the market is already highly volatile.
Potential Impact of Election Results on Cryptocurrencies
Experts in the crypto space anticipate that a Trump victory in the U.S. presidential election on November 5 could ignite a significant rally in crypto markets. Yet, some analysts warn investors to be careful during the days surrounding the election, as multiple factors are at play.
“Trump’s win may bring a dopamine hit,” explained Pav Hundal, chief analyst at Swyftx, while also cautioning that volatility could be elevated around the election period.
What Should Traders Expect Post-Election?
Nick Forster, founder of Derive, advises caution, noting that the current market remains highly unstable. “Traders should proceed with caution,” he stated, warning that “while improvements could happen, the risks are equally high.” Referring to options data, Forster indicated that traders are gearing up for significant price swings around the election date.
Forster also pointed out an increase in call option buying, which suggests that some traders are betting on a bullish outcome, even though reality could quickly turn into a sell-off depending on the actual election results.
Bitcoin Nears Historical Highs
Since October 23, Bitcoin has climbed 7.62%, reaching $72,432 at the time of publication, just 2% shy of its all-time high. Hundal, however, does not view the election as a decisive factor in Bitcoin reaching $100,000. Dan Tapiero, founder of 10T Holdings, shares a similar sentiment, believing that Bitcoin has a path to six-figure prices regardless of the election winner.

“If there are no unexpected shocks, we’re looking at six-figure Bitcoin prices by year-end, no matter who holds the White House,” Tapiero noted.
Diversification as the Best Strategy
Forster suggests that a diversified strategy including hedging options may be safer for traders than direct investments, particularly given the market’s high sensitivity to domestic and global news. Hundal, on the other hand, believes that timing is not critical for less experienced investors and remains optimistic about growth heading into 2025.
“If you lack extensive experience, precise timing may not be essential in this environment,” Hundal stated, “though elections may have a short-term impact, long-term market fundamentals point to growth.”
Hundal’s comments align with those of David Lawant from FalconX, who noted that Bitcoin is likely to perform well regardless of the election outcome.
#donaldtrump , #BTC☀ , #Bitcoin❗ , #CryptoNews🚀🔥 , #Debate2024

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“