Japanese business consultancy firm Metaplanet has adopted a new investment strategy to acquire Bitcoin (BTC) that emulates MicroStrategy’s approach towards the flagship cryptocurrency. This business strategy has significantly increased the company’s Bitcoin portfolio, with its valuation nearly doubling since the beginning of the year.  MicroStrategy board members accepted BTC as a treasury asset in 2020 [...]

Odell Beckham Jr. is taking a victory lap over something he did while with the Rams — and it's not winning the Super Bowl.

Cryptocurrency markets are trading higher as meme coins Pepe and Dogwifhat were listed for trading on Coinbase COIN. Notable Statistics: - IntoTheBlock data shows large transaction volume increased by 18.7% and daily active addresses growing by 7.8%. Transactions greater than $100,000 are up from…

MicroStrategy Inc. (NASDAQ:MSTR) director Leslie J. Rechan has executed a significant sale of company shares, amounting to approximately $12 million, as per a recent SEC filing. The transactions were disclosed on Wednesday. Don't Miss: Over the last five years, the price of gold has increased by…

Bitcoin continued to make records as supportive inflation numbers raised the market's expectations of further interest rate cuts by the Federal Reserve. What Happened: The world's largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the…

Bitcoin reached a record high above $91 000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.

Bitcoin struck a record high above $93,000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.

DELHI — Bitcoin spiked above US$93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve (Fed) added to the impetus from President-elect Donald Trump's pro-crypto stance.

Bitcoin hit a record of $89,968 on Tuesday

Online electronics store Adafruit began accepting bitcoin as a payment method in November 2013. Just over a week later, sales surged.

The DIY electronics merchant raked in tens of thousands of dollars that month alone, boosted by the annual shopping surge known as Bitcoin Black Friday. While sales have been up and down since, site founder Limor Fried says that, as a small business owner, she loves the cryptocurrency despite its potential pitfalls.

complete article

Crypto, soaring once again, could reach $100,000. As it becomes more expensive, you could afford to buy in less quantity or get into mining as an alternative option, which is what Opal is about today. Opal, as the world’s first A.I.-powered crypto-mining app, could get you up to $29 in bitcoin every 4 hours! For […]

The way smart energy meters work in northern England and Scotland is causing issues for customers, BBC Panorama has been told. The body that represents energy companies, Energy UK, has […]

The post Smart meters in north/south divide, Bitcoin breaks through $82,000 barrier appeared first on Tech Digest.

1. Why is Trump’s election as US president prompting a Bitcoin surge?  Al Jazeera English
2. Why crypto mania is reaching new heights  The Economist
3. Cryptocurrency traders: share what got you into crypto, and how you feel about recent developments  The Guardian
4. Bitcoin Continues Its Ascent To $100,000 Amid Ethereum, Solana, Dogecoin, Shiba Inu, BNB, XRP, Avalanche Rebound  Forbes
5. What to know about bitcoin’s post-election rally  BNN Bloomberg

Aim/Purpose: This paper explored the factors (enablers and barriers) that affect Bitcoin adoption in South Africa, a Sub-Saharan country with the high potential for Bitcoin adoption. Background: In recent years, Bitcoin has seen a rapid growth as a virtual cryptocurrency throughout the world. Bitcoin is a protocol which allows value to be exchanged over the internet without a central bank or intermediary. Cryptocurrencies such as Bitcoin are technological tools that arguably can contribute to reducing transactions costs. This paper explored the factors that affect Bitcoin adoption in South Africa, a Sub-Saharan country with the high potential for Bitcoin adoption, as little is known about the factors that affect Bitcoin adoption and the barriers to adoption. Methodology: A quantitative questionnaire was distributed to South African virtual communities where Bitcoin is a topic of interest, and 237 quantitative responses were received, along with 212 open-ended comments. Contribution: This research contributes to the body of knowledge in information systems by providing insights into factors that affect Bitcoin adoption in South Africa. It raises awareness of incentives and barriers to Bitcoin adoption at a time when financial literacy is a crucial issue both in South Africa and worldwide. Findings: The results indicate that perceived benefit, attitude towards Bitcoin, subjective norm, and perceived behavioral control directly affected the participants’ intentions to use Bitcoin. Perceived benefit, usefulness, ease of use, and trust-related risk were found to indirectly affect intention to use Bitcoin. Further, it emerges that the barriers to Bitcoin adoption in South Africa consist of the complex nature of Bitcoin and its high degree of volatility. Recommendations for Practitioners: Bitcoin can contribute to reducing transactions costs, but factors that affect adoption and the barriers to adoption should be taken into consideration. These findings can inform systems and software developers to develop applications that make managing Bitcoin keys and transacting using Bitcoin less complex and more intuitive for end users. Recommendation for Researchers: Bitcoin adoption in South Africa is a topic that has not been previously researched. Researchers could research similarities or differences in the various constructs that were used in this research model. Impact on Society: South African Bitcoin users consider it as a universal currency that makes cross-border payments cheaper. A large number of refugees and workers in South Africa make regular payments across borders. Bitcoin could reduce the costs of these transfers. Future Research: Future research could explore Bitcoin (and other cryptocurrencies) adoption in other developing countries. Researchers could look at factors that influence cryptocurrency adoption in general. The factors affecting adoption of other cryptocurrencies can be compared to the results of this study, and similarities and differences can thus be identified.

Aim/Purpose: This paper identified and explored the factors influencing Bitcoin adoption and use in South Africa. Background: Since its introduction in 2008, the value and popularity of Bitcoin has risen exponentially. Captivating the eyes of the world, from regulators to economists, Bitcoin promises to revolutionize the digital currency space. Despite being over 10 years old, the concept of cryptocurrency is fairly new in South Africa, a developing country. South African’s interest in Bitcoin continues to grow with the country constantly ranking within the top 10 in online searches for “Bitcoin” and “cryptocurrency” on Google. The primary objective of this research was to identify adoption factors amongst South African citizens, an area that has not received much research focus in the past. In addition to this, the study aimed to identify how Bitcoin is primarily used in South Africa. Methodology: A survey-based questionnaire was utilized to obtain responses from adopters of Bitcoin in South Africa. The quantitative survey was completed by 204 respondents. Contribution: This research contributes to the body of knowledge relating to Bitcoin adoption, specifically from a developing country. Adoption factors are identified that can be utilized by businesses that intend to adopt cryptocurrency, to strategically prepare for the potential risks or opportunities brought about by Bitcoin and cryptocurrency in general. Findings: The findings of this study indicate that while perceived usefulness, perceived ease of use, subjective norms, and facilitating conditions positively influence intention to adopt Bitcoin, trust was the only construct that is statistically significant and hence is the greatest driver of adoption in South Africa. In terms of its primary use in South Africa, the study revealed that Bitcoin is used as a speculative instrument for short-term trading in South Africa followed by being used as a long-term investment in the crypto-asset class. No respondent indicated that they utilize Bitcoin as a payment method in South Africa. Recommendations for Practitioners: When developing crypto-based investment products, custodians of assets must ensure that a minimum-security protocol is followed to safeguard these assets. This will enhance the trust that potential investors and customers have in their systems and products. Recommendation for Researchers: This study focused on adoption factors for South African citizens. Future studies should be conducted to identify adoption factors by businesses in South Africa. Impact on Society: Bitcoin offers an alternate trading instrument and investment option, with the possibility of large gains over a relatively short period. Bitcoin also presents the possibility of cross-border transactions at a significantly lower cost compared to traditional cross-border transfers of funds. Future Research: Studies should be conducted to explore the factors influencing the adoption of altcoins to determine if the technological differences influence the adoption of one currency over the other. Research should also be conducted comparing the taxation of cryptocurrency in various countries around the world.

Bitcoin: As the dust settles after the November 15 bitcoin upgrade, the roadmaps have been updated with the new state of the protocol and people are starting to looking ahead to the next set of features. I thought I’d take the opportunity to give my view on it.

The new set of features ahead has been published on bitcoincash.org, which is for the most part spearheaded by the Bitcoin ABC implementation, but where Bitcoin Unlimited also deserves significant credit for research and development.

This is the current “you are here” map as of end-2018:

I like this roadmap for two reasons. Or rather, for two levels of reasons.

The first is that I see bitcoin as the path to a world currency. In order to be so, it will need to carry an insanely heavier load, and because of the typical velocity of money, each bitcoin must be valued far higher than it is today — to a point where single satoshis are no longer a small unit, but represent maybe a few cents. That quanta (smallest possible discrete value) is not small enough to provide frictionless automated microtrade, which is why I’m looking forward to — and have been discreetly applauding — the fractional satoshis on the roadmap. The bigger footprint a network gets, the more inertia it takes to change something, so getting these two items in with reasonable speed is something I regard as key.

The third key item is extensibility — the ability to extend the protocol without asking permission, akin to how early browsers started supporting random new HTML markup tags left and right. This drove the standards forward and allowed for rapid feedback cycles with the user community, and something similar will be needed for permissionless innovation on top of bitcoin to really take off.

These three taken together happen to represent the final phase of the three tracks that the roadmap lists. I have some understanding that each of them have necessary prerequisites that are being filled in some sort of logical order.

This brings me to the Law of Two Feet.

You see, it doesn’t really matter what I think of a feature, whether I like it or not. I am a diehard proponent of the Law of Two Feet: It simply means that if you don’t like something, then it is your responsibility — both toward yourself and the community you don’t like — to walk to a place you do like.

(Just to be clear, the Law of Two Feet is inclusive. It also applies to people who don’t have two actual feet.)

This is what I worded as the Freedom of Initiative and the Freedom to Follow, and it is absolutely key for permissionless innovation. You don’t get that the moment somebody is trying to give somebody else permission on what road they may choose.

Each of us have the freedom to take any initiative we want.

Each of us also have the freedom to follow any initiative we like.

But no one of us may tell another what they must or may not do.

I happen to very much approve of the above roadmap from where I’m sitting. But even if I didn’t, the freedom of initiative and freedom to follow are far more important than my opinion on this particular initiative.

Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.

The post Stocks and bitcoin soar after Trump’s victory, while inflation worries rise; Dow surges 1,200 appeared first on Boston.com.

The price of bitcoin has hit a new high as investors bet that Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. 

[International] :
The price of Bitcoin surpassed the 80-thousand-dollar mark for the first time just days after Donald Trump’s reelection to the U.S. presidency.    According to the U.S. cryptocurrency exchange platform Coinbase, the world’s most popular cryptocurrency was worth 81-thousand-110 U.S. dollars at 1:25 a.m. ...

[more...]

[Economy] :
The price of Bitcoin has crossed the 80-thousand-dollar mark for the first time, just days after Donald Trump’s reelection to the U.S. presidency.    According to the U.S. cryptocurrency exchange platform Coinbase, the world’s most popular cryptocurrency was trading at 88-thousand-413 U.S. dollars at ...

[more...]

Source: Darren Aftahi 11/06/2024

Roth MKM analyst Darren Aftahi, in a research report published on November 5, 2024, maintained a Buy rating on Terawulf Inc. (WULF:NASDAQ) with a price target of US$7.50. The report follows TeraWulf's October production update and insights into its HPC capacity expansion plans.

Aftahi highlighted the company's HPC capacity development, stating, "WULF gained better insight into its supply chain for delivering ~72.5MW of HPC capacity by 2Q25, with the potential to generate ~US$90M in annualized revenue with US$60M+ in profit (exit run rate). Its 2.5MW concept building is now complete, and its 20MW facility is on schedule for 1Q25."

Regarding October's production metrics, the analyst noted, "WULF mined 150 BTC in October, up 7% m/m on a comparable basis to only Lake Mariner in September (140 BTC). The ending hash rate is now 8.1 EH/s (vs. 10) from the removal of Nautilus." He added that "machine efficiency is now 22 J/TH vs. the prior combined rate of ~24.6 J/TH."

The analyst observed operational improvements, commenting, "Avg. operating hash rate was ~6.8 or ~84%, slightly ahead of prior months (although reported in aggregate). Part of this is being driven by the accelerated replacement of older miners at Lake Mariner."

The report noted that upon reinstallation of damaged miners at Lake Mariner, the hash rate would increase to approximately 8.7 EH/s, though power cost per BTC increased about 5% month over month.

Roth MKM's valuation methodology is based on an EBITDA multiple approach. Aftahi explained, "We apply a ~24x multiple to our projected FY25 adj. EBITDA of ~US$120M to arrive at our price target of US$7.50."

The analyst outlined several risk factors, including Bitcoin price volatility, regulatory changes, unproven new business segments, capital requirements, weather impacts, competition, power contracts, and reliance on third-party suppliers.

In conclusion, Roth MKM's maintenance of their Buy rating and US$7.50 price target reflects confidence in TeraWulf's operational execution and growth potential in both Bitcoin mining and HPC capacity. The share price at the time of the report of US$5.98 represents a potential return of approximately 25.4% to the analyst's target price.

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Disclosures for Roth MKM, TeraWulf Inc., November 5, 2024

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Disclosures: Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners, has received compensation for investment banking services from TeraWulf, Inc.. Shares of TeraWulf, Inc. may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

Not Covered [NC]: ROTH Capital does not publish research or have an opinion about this security. ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2024. Member: FINRA/SIPC.

( Companies Mentioned: WULF:NASDAQ, )

Famed investor and commentator Jim Rogers talks his preference for tangible assets, why he's leaning toward silver over gold, and uranium's role in the energy transition.

Famed investor and commentator Jim Rogers talks his preference for tangible assets, why he's leaning toward silver over gold, and uranium's role in the energy transition.

The schemes disproportionately victimize senior citizens, as those aged 60 or over were more than three times as likely as younger adults to fall prey to the scams

The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 - just before the Big Crypto Crash.

THNDR Games released Bitcoin Blocks, a Tetris-meets-Sudoku style puzzle game along with the Gaming Graph, a new badging and reputation system for gaming.

With former heavy-weight champ Riddick Bowe and 2x NBA Champ & reality Star Lamar Odom

Bitcoin's Anniversary

Due to the advantages offered by the Advanced Bitcoin Chain, the Advanced Bitcoin Center is now offering mining opportunities to interested parties.

Bitcoin Hashrate and The Coming Financialization of Hashrate Markets

Finney Forum brings together the top experts in privacy and cybersecurity using Bitcoin, Monero, and other tools. The two-day conference will include presentations, panel discussions, and workshops.

Pad-mounted transformer inventory for bitcoin mining

Hear from Crypto Experts Demirors, Silbert, and Armstrong.

Fast Guard Service, an innovator in the security guard services industry takes a progressive step towards the future by accepting cryptocurrency

How to Mine Bitcoin at Home: Best Practices and Implications

JPMorgan's Recent AI Hosting Deal, Hear From Crypto Experts Silbert, Peirce, and Brooks

The renowned and enigmatic street artist Mr. Black is set to drop a 21,000-piece ordinal collection!

Hear from Crypto Experts

Hear From Crytpo Vets

Hear From Crypto Experts

PayPal CEO Dan Schulman's company is at the leading edge of both stakeholder capitalism and financial innovation.

Today, Bitcoin consumes as much energy as a small country. This certainly sounds alarming — but the reality is a little more complicated, says Nic Carter, whose firm invests in public blockchain startups.

Fundamental Overview

Bitcoin is now up almost 30% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet.

Moreover, it looks like the US economy continues not only to do well but also re-accelerating amid the Fed’s easing and the expectations of expansionary fiscal policies like tax cuts and deregulation.

Bitcoin, alongside Dogecoin and stocks like Tesla and Coinbase, have been the top beneficiaries of Trump’s victory given their direct connection to Trump. For now, there’s no real top in sight as we would likely need a contractionary monetary policy or a notable slowdown in the economy.

The risk going forward is the Fed. If the central bank starts to mention the need of more tightening, then we could see some big corrections in all risk assets. That day though looks to be at least a couple of months away for now.

Bitcoin Technical Analysis – Daily Timeframe

On the daily chart, we can see that Bitcoin is now trading near the 90K level. The 100K level is the natural target, something that has been talked about a lot. That doesn’t mean it cannot go any higher than that though. For now, it’s a momentum play and despite the obvious nervousness one can get seeing the euphoria in the air, there’s no negative catalyst in sight that could reverse the trend.

Bitcoin Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have an upward trendline defining the current bullish momentum. That’s now far away from the current price and it’s unlikely that we will see a pullback into it in the near term unless we get a very hot US CPI report tomorrow.

If we do get there though, the buyers will likely lean on it to position for a rally into new highs, while the sellers will look for a break lower to increase the bearish bets into the next major trendline around the 75K level.

Bitcoin Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely keep on leaning on it to position for further upside, while the sellers will look for a break lower to increase the bearish bets into the next trendline.

More aggressive buyers, might pile in already on the break of the recent high around the 90K level targeting the 100K level. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

• US indices close lower on the day. No new records today.
• Bitcoin trades above $90,000 for the first time. It broke the $80,000 level on Monday
• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM
• It's not a pretty picture in China
• Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
• BofA: Life don't come easy for CHF: What's the trade?
• US 10 year yield looks to close at the highest level since July 1
• Major European indices are closing sharply lower
• John Paulson drops out of the running for Treasury Secretary
• New York Fed: 1-year inflation expectations 2.9% versus 3.0% last month
• Fed's Barkin: Fed in position to respond appropriately regardless of how economy evolves
• Fed's Waller: Makes no comments on economy or monetary policy outlook
• And they are off. US stocks are marginally higher in the early trading
• LiteFinance Becomes the Official Trading Partner of Leicester City Football Club
• Kickstart the FX day. A look at the EURUSD, USDJPY and GBPUSD from a technical perspective
• Canada Sept building permits +11.5% vs +1.7% expected
• Forexlive European FX news wrap: Not much action as we await the US CPI release tomorrow

Markets:

• Bitcoin trades to $90,000 for the first time, two days after passing $80,000. The high reached $90,243
• WTI crude trades down $0.07 at $67.97
• 2 year yield 4.338%, up 8.4 basis points. 10 year yield 4.421%, +11.4 basis points.
• Gold down -$20.78 or -0.79% at $2598.58. Lowest level since September 20
• S&P 500 -17.36 points or -0.29% at 5983.99.
• Nasdaq index down -17.36 points or -0.09% at 19,281.40. Both the Nasdaq and the S&P closed by the exact same point amount....
• Russell 2000 tumbled -43.13 points or -1.77% at 2391.84

In the US the NY Fed Survey showed inflation expectations moving lower with the one year inflation at 2.9% vs 3.0% estimate. That is the lowest in 4 years. The 3 and five years measures also declined with the 3 year down to 2.5% from 2.7%, and the 5 year down to 2.8% from 2.9%.

In Canada building permits soared by 11.5% after -6.3% decline last month. Overall permits were the second-highest level since the start of the new series in January 2017 but it's more of a one-off around government spending than anything related to the economy. Ontario's institutional component received big contributions from construction for long-term care facilities across the province and a hospital permit in Prince Edward County. Residential building is holding up on the multi-family side as the pipeline of condos continues to work its way through but single-family has flatlined.

The US bond market was open after Monday's Veteran's Day holiday and selling was the order of the day as traders price in the inflationary and growth implications of a GOP sweep (and perhaps increased deficits too). The 10-year yield rose close to 12 basis points. The 2 year is up close to 9 basis points.

The USD moved higher with the greenback moving the most vs the GBP (0.95%).. The GBPUSD moved to the lowest level since August 8 and traded below the 61.8% retracement of the move up from the April low. That level comes in at 1.27322. The current price is trading just above that level into the close for the day.

The EURUSD is rallying modestly into the close but still saw the dollar higher by 0.26% versus the EUR. The pair moved below the 1.0601 level which took to price to a new low for 2024. The low could only get to 1.0594 before bouncing higher into the close. The sellers in the EURUSD had their shot. They missed.

The USDJPY is closing higher by 0.61% and into a swing area between 154.54 and 155.21. The high price reached 154.92 extending above the high price from last week at 154.70. The price is trading at 154.62 into the close. Buyers are in control. Can they extend to the high target at 155.21.

The USDCAD traded to the highest level going back to October 2022 when the price extended to 1.3977. The high price today reached 1.3966 just 11 pips short of that high. The price is trading at 1.3949 going into the end of the trading day.

Gold continues its move to the downside after reaching record levels at the end of October at $2790.07. The price has since fallen -6.89% to $2597.88.

Bitcoin's sprint to the topside continued today with the price reaching above $90,000 for the first time ever and just 2-days after breaking above the $80,000 level. The high price reached $90,243. The price has come off that lofty level and trades at $88,092.

Blockchain originally gained attention thanks to its connection to Bitcoin. But blockchain has emerged from under the crypto-currency’s shadow to become a powerful trend in enterprise IT -- and something that should be on every developer's radar.  For this program we’ve assembled a panel of Blockchain experts to discuss the technology's impact, examine some use cases, and offer suggestions for developers who want to learn more in order to take advantage of the opportunities blockchain represents.

This program was recorded on Thursday November, 9, 2017.

Listed alphabetically

Lonneke DikmansChief Product Officer, eProseed, Utrecht, NL

John KingTech Enablement Specialist/Speaker/Trainer/Course Developer, King Training Resources, Scottsdale, AZ

Robert van MölkenSenior Integration / Cloud Specialist, AMIS, Utrecht, NL

Arturo ViverosSOA/Cloud Architect, Sysco AS, Oslo, NO