Bitcoin Cash, the cryptocurrency that emerged as a result of a hard fork from Bitcoin in 2017, experienced a significant increase in liquidity in the third quarter of 2023. According to a report by CryptoCompare, the average daily trading volume of Bitcoin Cash rose by 53% from Q2 to Q3, reaching $1.6 billion. This was the highest growth rate among the top 10 cryptocurrencies by market capitalization.
The report attributed this surge to several factors, such as the adoption of Bitcoin Cash by payment platforms like BitPay and GoCrypto, the launch of a Bitcoin Cash-based decentralized exchange called Detoken, and the increased interest from institutional investors and hedge funds.
OpenAI and ChatGPT CEO Sam Altman expressed his support for Bitcoin, the leading cryptocurrency by market capitalization. He said that Bitcoin is a “superlogical and important step on the technology tree” that enables decentralized and trustless transactions. He also praised the innovation and resilience of the Bitcoin network, which has been running for over a decade without any major disruptions. Altman said that he believes that Bitcoin has a bright future and that it will play a key role in the evolution of the digital economy.
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Arkham and Chainlink brings Arkham Data On-Chain; Chainlink Functions will provide developers with seamless on-chain access to Arkham’s labeling endpoint, which is the part of our API that takes a blockchain address as input, references our database, and then outputs any applicable intelligence from the Arkham database, namely, the real-world owner of the address.
Making our labeling endpoint data available onchain through Chainlink Functions makes it simple for Web3 application developers to easily incorporate Arkham data into their dApps – unlocking a new frontier of use cases, Miguel CEO and founder of Arkham wrote in a newsletter to investors and community members.
According to Fidelity, a leading asset manager with $4.5 trillion under management, Bitcoin is the most secure, decentralized and sound form of digital money in the market. Unlike other digital assets that rely on centralized authorities, intermediaries or validators, Bitcoin is powered by a distributed network of nodes and miners that ensure its immutability, scarcity and censorship-resistance. Fidelity argues that these properties make Bitcoin a superior store of value and a hedge against inflation and currency debasement.
In a surprising move, Bitcoin presidential candidate RFK Jr. announced that he is leaving the Democratic Party and launching an independent bid for the White House. The son of the late Robert F. Kennedy said he was disillusioned with the party’s stance on cryptocurrency regulation and civil liberties, and that he wanted to offer a third option to the American voters.
He also criticized the two-party system as corrupt and rigged and vowed to run a grassroots campaign funded by Bitcoin donations. RFK Jr. is a well-known activist and lawyer who has championed causes such as environmental protection, vaccine safety and human rights. He is also a vocal critic of the mainstream media and the pharmaceutical industry. He said he hopes to attract support from across the political spectrum, especially from young and tech-savvy voters who are dissatisfied with the status quo.
The US Securities and Exchange Commission (SEC) has launched an investigation into a security breach that affected Twitter in the weeks before the social media giant was acquired by Elon Musk. The breach, which occurred in late September, exposed the personal data of millions of Twitter users and allowed hackers to post unauthorized tweets from several high-profile accounts, including Musk’s. The SEC is looking into whether the breach had any impact on the valuation of Twitter or the terms of the deal, which was announced on October 2 and valued at $40 billion.
The SEC is also probing whether Twitter disclosed the breach in a timely and adequate manner, as required by federal securities laws. Twitter has said that it is cooperating with the SEC and other authorities, and that it has taken steps to improve its security and prevent future attacks. Musk, who is the CEO of Tesla and SpaceX, has said that he bought Twitter to make it a platform for “positive and constructive dialogue” and to support his vision of a multi-planetary civilization.
In a recent transaction, the Ethereum Foundation transferred 1,700 ETH from its treasury to a stablecoin exchange. The foundation received $2.74 million USDC in return, which is equivalent to the current market value of ETH at the time of the trade. The move is part of the foundation’s ongoing efforts to diversify its assets and ensure its long-term sustainability. The foundation has not disclosed its plans for the USDC funds, but it is likely that they will be used for supporting the development and innovation of the Ethereum ecosystem.