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- Grok Ramps Up Cryptocurrency News Coverage With
Major Donald Trump Launch With World Liberty Financial
(WLFI); Media Man - Excellent Timing For News Cycle
And U.S Election; Some Mainstream Media Will Have
Little Choice But To Cover; X And Online News Sending
News Global: Media Man
News
Trump
to Launch Crypto Token Sale
Former
U.S. President Donald Trump is set to launch a cryptocurrency
token sale through his project named World Liberty
Financial (WLFI) on Tuesday, October 15th, 2024. This
initiative marks Trump as the first U.S. president
to introduce a personal cryptocurrency. The token
sale will be exclusive to accredited investors and
will integrate with the Ethereum mainnet via the Aave
protocol. Trump has announced an exclusive online
event on Monday, October 14th at 8 AM EST to discuss
the project further. This move into cryptocurrency
by Trump has sparked discussions about its potential
impact on the crypto market and its timing with political
events. (Grok)
News
Trump's
Crypto Token Launch
Former
U.S. President Donald Trump is set to launch a cryptocurrency
token sale through his project, World Liberty Financial,
on Tuesday, October 15th, marking him as the first
U.S. president to introduce a personal cryptocurrency.
The token sale will begin with an exclusive event
on Monday, October 14th at 8 AM EST, detailing the
project's implications for finance. The cryptocurrency
will be integrated with the Ethereum mainnet via the
Aave protocol. Trump has also been accepting cryptocurrencies
like XRP for his campaign, indicating a broader engagement
with digital currencies. This initiative has generated
significant interest and discussion within financial
and cryptocurrency communities. (Grok)
Newswires
Trump
Media stock soars after sudden reversal in election
odds
October
13, 2024
Shares
of Trump Media and Technology Group, the parent company
of Truth Social, have jumped over the past week as
betting markets started tilting toward former President
Donald Trump.
On
Friday, the stock surged 4.8% to close at $25.28,
up 53% from last Friday's closing price.
That
coincided with a broad improvement in Trump's odds
of victory on top betting sites. For example, Vice
President Kamala Harris was in the lead last weekend
on PredictIt, then was tied by Wednesday, and was
overtaken by Trump the following day.
Similarly,
Harris had a slight edge on Oct. 4 on Polymarket,
but lost it over the weekend, with Trump widening
his lead throughout the following week. As of now,
it shows 55% for Trump and 44.7% for Harris.
And
on Kalshi, Harris and Trump were largely neck and
neck, but Trump began pulling ahead by mid-week and
now leads 53% versus 47%.
Meanwhile,
renowned data scientist Thomas Miller, a professor
at Northwestern University, also told Fortune's Shawn
Tully on Thursday that Trumps odds surged over
the past week, giving him a two-vote electoral college
lead.
He
maintains that his model, which is guided by political
betting data, is a much better forecaster than following
the individual polls.
While
nationwide opinion polls haven't seen a dramatic reversal,
with Harris clinging to a narrow lead, polls in the
key swing states of Michigan, Wisconsin, and Pennsylvania
show her advantage shrinking while Trump has held
onto leads in other battlegrounds like Georgia and
North Carolina.
Trump
Media shares have already been on a wild ride this
year, acting like a barometer of Trumps election
prospects. The stock skyrocketed following Trumps
first debate with President Joe Biden in June and
again after Trump survived an assassination attempt
in July.
But
after Biden stepped aside and Harris took his place
in the presidential race, Trump Media stock tumbled.
Shares sold off further last month as the end of the
lockup period approached, allowing company insiders
to sell their shares.
Then
last month, Trump said he would not sell his stock,
dampening speculation that he would cash them out
to cover legal or campaign expenses. Since hitting
a low on Sept. 23, Trump Media stock has leapt 115%.
Trump
owns about 59% of the outstanding shares, meaning
his stake is now worth nearly $3 billion. (Wires,
A.I News)
News
Flashback By Popular Demand
Crypto
And Politics
Gonzo
Bitcoin Scribes With Gonzo, A.I And Grok
Wrestling
With Crypto, BTC News And Power To The People; President
Trump Looking For A Win-Win-Win situation
And
The Crowd Roars Wild For Crypto Friendly Polies
In
Case You Missed It
By
A. Media Scriber. With assistance from A. Bot (Grok
Chapter)
July
28, 2024
Trump
vs Harris on cryptocurrency
For
The U.S And World Wrestling Crypto Heavyweight Title
The
Trumper Will continue to promote and lift bitcoin
Trump
planning to establish a U.S. bitcoin stockpile, set
up a crypto advisory council akin to Wrestlers Court
Former
(to some) President Donald Trump on Saturday body
slammed Vice President Kamala Harris over the Biden
administrations approach to cryptocurrency regulation
and announced a sweeping set of industry-friendly
policies, as he sought to win over the bitcoin mob.
Speaking
at a major crypto conference in Nashville, Tennessee,
Bitcoin 2024 (WrestleMania for Cryptos) Trump sought
to hog tie Harris to the Biden administrations
rugged regulatory approach to the digital asset industry.
Though Harris hasnt taken a public position
and her team is ramping up outreach to the crypto
world, Trump said she is against crypto.
Every
Babyface Needs A Villain/Heel
Trump
endorsed an array of policies to boost crypto firms.
Bullet
Points
Have
the U.S government hold a stockpile of bitcoin, creating
a crypto advisory council, installing a crypto-friendly
Securities and Exchange Commission chair and ock blocking
the Fed Reserve from creating its own digital currency.
I
pledge to the bitcoin community that the day I take
the oath of office, Joe Biden and Kamala Harris
anti-crypto crusade will be over, he said.
The
moment Im sworn in, the persecution stops and
the weaponization ends against your industry.
Trumps
grand and most welcome appearance at the Bitcoin 2024
conference cemented his embrace of the crypto industry,
which is lobbying hard in downtown Washington and
planning to spend more than a whopping $160 million
to sway this years elections. And you thought
that stakes were high in WWE's 'Money In The Bank'.
How about a crypto title Triple H? Matt Cardona had
the Internet Title - we know.
The
emergence of Harris after Joe may have been caught
in a sleeper hold is likely to complicate his pitch
and may throw a ring spanner in the world. Her campaign
is showing signs of opening up to the industry, and
some Democrats are pushing her to break from the Biden
administrations more skeptical approach.
Trump
vowed to terminate SEC Chair Gary Gensler, who has
pursued a series of high-profile crypto enforcement
actions and has sternly warned that digital asset
trading poses big investor risks. Trump also pledged
to enact policies to support stablecoins, a type of
cryptocurrency pegged to other assets like the dollar.
We
will have regulations, but from now on the rules will
be written by people who love your industry, not hate
your industry, he said.
Trump
was offered raucous applause and crowd pop, including
when he vowed to sack Gensler.
I
didnt know he was that unpopular, Trump
said.
Trump
heaped praise on the crowd, calling them highly
intelligent, and criticized crypto skeptics
like Senator Elizabeth Warren (D-Mass.), whom he singled
out by name.
The
Biden-Harris administrations repression of crypto
and bitcoin is wrong, and its very bad for our
country, he said.
Trump
himself is a former crypto critic, but he did not
acknowledge his past comments in his particular speech.
He penned in 2019 that he was not a fan of bitcoin
and other cryptocurrencies, which are not money, and
whose value is highly volatile and based on thin air.
Trump
started embracing the crypto industry in May. He has
since cashed in on his crypto stance, hosting crypto
executives at fundraisers and his Mar-a-Lago resort.
Ahead
of his speech on Saturday, Trump participated in a
fundraiser at the bitcoin conference with an $844,600
asking price to attend a VIP reception, roundtable
and to snap a mug shot er photo with the former president,
according to an online invitation. A lower-tier ticket
that went for $60,000 per person or $100,000 per couple
allowed attendees to just attend the reception and
get a snap a pic with The Trumpster.
Trump,
who appeared on stage Saturday afternoon after an
extensive delay, singled out several figures in the
crypto world at the start of his speech. They included
the Winklevoss twins, whom he dubbed male models
with a big beautiful brain, Rep. French Hill
of Arkansas, who is vying to lead the House Financial
Services Committee next year, and David Bailey, who
organized the conference.
So
fans, you got the winning ticket, your Trump collectables,
now you've heard The Hulkster's promo at the RNC.
Now we just need the traditional title of President
Of The United States, and Commander In Chief sounds
good as crypto gold too.
A
bullet proof boss, crypto friendly, freedom of speech,
and pro actively draining the swamp while giving back
power to the people. This trend may just catch on
globally. We might need an NWA (National Wrestling
Alliance) type group, and they can lock horns with
the NWO, much like the famed World Championship Wrestling
vs New World Order tussles of the past. DT For The
Win! Some of the names change, but the ultimate goal
largely remains the same - Freedom!
Special
thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024
Team
Donald Trump
WWE,
TKO Group, NWA
Hunter
S. Thompson (the late)
Grok,
X Corp
Trump
Trading Cards
The
Readers - that means you sport!
News
Bitcoin
2024 (via Grok)
The
anticipation around Bitcoin in 2024 is palpable, driven
by several key events and trends:
Bitcoin
Halving: Scheduled for April 2024, this event reduces
the reward for mining new blocks by half, from 6.25
BTC to 3.125 BTC. Historically, halving events have
led to significant price increases due to the reduced
supply of new bitcoins entering the market. Analysts
and enthusiasts expect this trend to continue, potentially
pushing Bitcoin's price to new heights.
Spot
Bitcoin ETFs: The potential approval of spot Bitcoin
Exchange Traded Funds (ETFs) in the U.S. is seen as
a major catalyst. Such financial products could bring
a flood of institutional money into Bitcoin, enhancing
its liquidity and acceptance as an investment vehicle.
This move could significantly impact Bitcoin's price
by making it more accessible to retail and institutional
investors who prefer regulated investment products.
Macroeconomic
Factors: With concerns over inflation, economic stability,
and monetary policies, Bitcoin is increasingly viewed
as a hedge against inflation or currency devaluation.
Predictions of interest rate cuts and increased money
printing by major economies like the U.S. and China
could further bolster Bitcoin's appeal as a "digital
gold."
Price
Predictions: Various analysts and platforms have made
bold predictions for Bitcoin's price in 2024.
Predictions
range from $60,000 to as high as $524,000, with many
expecting a significant bull run post-halving. These
forecasts are based on historical patterns post-halving,
increased adoption, and the potential for Bitcoin
to be seen as a safe-haven asset.
Community
Sentiment: On platforms like X, there's a mix of cautious
optimism and outright bullishness.
Discussions
highlight the potential for Bitcoin to reach six figures
or even higher, driven by the halving, ETFs, and macroeconomic
conditions. However, there's also acknowledgment of
potential corrections or sideways movements post-halving,
as seen in past cycles.
Technological
and Network Developments: Beyond price, Bitcoin's
underlying technology continues to evolve. The introduction
of Ordinals and BRC-20 tokens on Bitcoin's network
represents innovation in NFTs and DeFi directly on
Bitcoin, potentially increasing its utility and thus,
value.
Market
Sentiment and Events: The Bitcoin 2024 conference
in Nashville, featuring high-profile speakers, underscores
Bitcoin's growing mainstream acceptance and its role
in global financial discussions. Such events not only
boost visibility but also might influence market sentiment
positively.
Given
these points, Bitcoin in 2024 is expected to be at
the center of financial innovation, regulatory discussions,
and investment strategies. While the exact price trajectory
remains speculative, the combination of halving, potential
ETF approvals, and global economic conditions sets
the stage for what many in the community anticipate
could be one of Bitcoin's most significant years yet.
However, as with any investment, especially in cryptocurrencies,
there's inherent volatility and risk involved, which
should be considered alongside the optimism. (Grok)
News
via Grok
Zurich
Cantonal Bank Launches Crypto Trading
September
9, 2024
Zurich
Cantonal Bank (ZKB), Switzerland's fourth-largest
bank, has introduced trading services for Bitcoin
and Ethereum, marking a significant step in integrating
cryptocurrencies into traditional banking. This service
allows clients to trade these cryptocurrencies through
ZKB's existing eBanking and Mobile Banking platforms,
offering 24/7 trading capabilities. Additionally,
ZKB provides custody services for these digital assets,
enhancing security. This move represents a notable
advancement in the adoption of cryptocurrencies by
mainstream financial institutions, potentially influencing
broader acceptance and use of digital currencies in
financial markets.
News
BTC
via Grok
Here's
a summary based on the latest information available
up to September 7, 2024:
Price
Movement: Bitcoin experienced a notable drop following
the release of U.S. jobs data, with prices dipping
by as much as 6.5% to around $52,600. However, there's
been a slight recovery, indicating some volatility
but also resilience around certain support levels.
Market
Sentiment: There's a mix of caution and optimism.
The market saw increased volatility with significant
price drops across major cryptocurrencies, but there's
also mention of a potential for recovery or stabilization,
with some traders pointing out that the market might
be setting up for further movements based on current
support and resistance levels.
Technical
Analysis: Various posts discuss Bitcoin's price action
within a channel, with more tests at the lower end
suggesting a potential for either a breakout or a
strong bounce back. Negative funding rates and a lack
of significant liquidations on the downside indicate
a cautious market where shorts are confident at high-time-frame
support levels.
Market
Structure: There's an observation of thin order books
between the current price and higher levels like $57,000,
suggesting potential for rapid movements if buying
pressure increases significantly.
Institutional
Interest: The mention of Barclays targeting MicroStrategy
stock for Bitcoin exposure highlights ongoing institutional
interest in Bitcoin, albeit indirectly through stocks
of companies with significant Bitcoin holdings.
ETF
Impact: There have been outflows from Bitcoin ETFs,
which might reflect profit-taking or a shift in investor
sentiment, possibly influenced by macroeconomic data
or regulatory news.
Future
Outlook: While there's immediate concern over the
recent dip, the broader sentiment includes watching
for how Bitcoin reacts at current support levels,
with some anticipation for potential upward movements
if certain psychological or technical levels are breached.
This
summary reflects a snapshot of Bitcoin's market dynamics
as of early September 2024, characterized by typical
crypto market volatility, technical analysis speculation,
and ongoing interest from both retail and institutional
investors. Always remember, the crypto market can
be highly speculative, and sentiments can shift rapidly
based on new information or broader market trends.
(Grok)
News
Trump
2024 (via Grok)
Donald
Trump's 2024 presidential campaign has been marked
by several notable events and strategic shifts:
Campaign
Events and Focus: Trump has been actively campaigning
across key battleground states, with recent activities
including a rally in Mosinee, Wisconsin, where he
spoke on various issues like the economy, education
policy, and international relations. His campaign
schedule has included themed events focusing on economic
policy, crime, national security, and immigration,
indicating a broad-based approach to appeal to different
voter concerns.
Strategic
Adjustments: There's been a noticeable shift in campaign
strategy, particularly in response to Kamala Harris's
rise in the Democratic ticket. Trump has scaled back
campaigning in states like New Hampshire, Minnesota,
and Virginia, focusing instead on states with higher
electoral impact like Pennsylvania, Michigan, and
Arizona. This suggests a strategic pivot to consolidate
support in crucial swing states.
Policy
Promises: Trump has made significant promises, including
ending the Russia-Ukraine war before his potential
inauguration, abolishing the U.S. Department of Education,
and preventing World War III. These pledges aim to
appeal to voters looking for strong, decisive action
on both domestic and foreign policy fronts.
Public
Sentiment and Campaign Style: Trump's rallies continue
to draw crowds, although there have been observations
of smaller turnouts in some instances compared to
previous campaigns. His style remains confrontational,
with direct attacks on his opponents and frequent
use of social media to engage with supporters directly.
Legal
and Political Challenges: The campaign has not been
without controversy, including legal challenges and
criticisms over his handling of previous events like
the Afghanistan withdrawal. Trump's campaign has responded
to these by focusing on his past achievements and
painting his opponents as less competent or patriotic.
Fundraising
and Support: Despite legal battles, Trump's campaign
has managed to maintain significant financial support,
though there have been fluctuations in fundraising
success. His campaign has also been described as ramping
up its ground game, suggesting an intensified effort
to mobilize voters at the grassroots level.
Media
and Public Perception: Social media posts reflect
a mix of staunch support and criticism, with some
users highlighting perceived weaknesses in Trump's
campaign strategy or health, while others rally behind
his policies and persona. The campaign's use of media,
including Trump's own social media presence, plays
a crucial role in shaping his narrative.
Engagement
with Key Demographics: Efforts like announcing a "Black
Americans for Trump" coalition indicate a strategy
to broaden his voter base, addressing criticisms of
past campaigns where he struggled with certain demographics.
Trump's
2024 campaign, therefore, is characterized by a blend
of continuity in his aggressive campaign style, adaptation
to new political realities with Harris as his opponent,
and a focus on policy promises that aim to resonate
with a wide swath of American voters, particularly
in swing states crucial for electoral victory.
Bitcoin
Surpasses $63,000
X
And Grok Right On The Money For Crypto, Bitcoin Coverage
In Near Real Time With Timelines And Accountability,
X/Grok Motivated To Perform: Awaiting Mad Monday Following
Bullish Weekend: Media Man
October
12, 2024
News
Bitcoin's
price surged to $63,000, marking a significant recovery
from $58,000 the previous day. This increase has led
to optimism among cryptocurrency enthusiasts, with
many predicting further gains and suggesting a shift
from a bearish to a bullish market sentiment. Despite
the price increase, the Fear and Greed Index indicates
a market sentiment of fear, suggesting caution among
investors. Analysts and investors are discussing potential
price targets, with some forecasting Bitcoin could
reach $100,000 soon. The discussions also highlight
the weakening of previous resistance levels, indicating
Bitcoin might easily surpass its August highs upon
revisiting those levels.
News/Profile
via Grok
What
is Bitcoin?
Bitcoin,
often abbreviated as BTC, is the first and most widely
recognized decentralized cryptocurrency. It operates
on a technology called blockchain, which is a public,
distributed ledger that records all transactions across
a network of computers without requiring a central
authority or bank. Here's a deeper dive:
Creation
and Purpose: Introduced in 2009 by an individual or
group using the pseudonym Satoshi Nakamoto, Bitcoin
was designed as an electronic payment system based
on cryptographic proof instead of trust, allowing
online payments to be sent directly from one party
to another without going through financial institutions.
Decentralization:
Unlike traditional currencies, Bitcoin isn't issued
or backed by any government or central bank. Transactions
are verified by network nodes and recorded in blocks,
which are linked and secured using cryptography.
Mining
and Supply: New bitcoins are created through a process
called mining, where miners solve complex mathematical
problems to add transactions to the blockchain. This
process also secures the network. The total supply
of Bitcoin is capped at 21 million coins, making it
deflationary by design.
Use
Cases:
Store of Value: Often referred to as "digital
gold," Bitcoin has become an investment asset,
seen by many as a hedge against inflation due to its
fixed supply.
Transaction
Medium: While it started as a medium of exchange,
its use in transactions has varied with its volatility,
though it's still used for purchases, especially in
niche markets.
Speculative
Trading: Bitcoin's price volatility has attracted
traders looking for profit through price movements.
Current
Status (as of October 2024):
Price: The price of Bitcoin hovers around $63,000
to $64,000 USD, showing slight fluctuations but maintaining
a robust market presence.
Market
Sentiment: From posts on X, there's a sentiment around
Bitcoin as not just digital currency but as a foundational
technology for trustless systems, indicating its broadening
perception from just a cryptocurrency to a pivotal
blockchain technology.
Challenges
and Considerations:
Volatility: Bitcoin's price can experience significant
swings, which might deter its use as everyday currency
but increases its allure for traders.
Regulation:
Governments worldwide are still grappling with how
to regulate cryptocurrencies, affecting its adoption
and legality in various jurisdictions.
Energy
Consumption: The mining process, particularly with
the proof-of-work consensus mechanism, consumes substantial
energy, leading to environmental concerns.
Cultural
Impact: Bitcoin has not only influenced finance but
also culture, becoming a symbol of financial freedom
and resistance against traditional financial systems
for many. Its mention in media, from documentaries
to financial news, underscores its integration into
broader societal discussions.
Bitcoin
continues to evolve, influencing and being influenced
by technology, economics, and global regulations.
Its journey from an obscure digital currency to a
recognized asset class illustrates the profound impact
of blockchain technology on finance and beyond. (Grok)
News
Cryptocurrency
News/Profile via Grok
Cryptocurrency
refers to a type of digital or virtual currency that
utilizes cryptography for security. Here's a breakdown
of what it entails based on general knowledge and
recent insights up to October 2024:
Definition
and Function: Cryptocurrency operates on decentralized
technology, typically a blockchain, which is a distributed
ledger enforced by a network of computers. This technology
ensures that transactions are secure, verified, and
maintained without the need for a central authority
like banks or governments.
Cryptocurrencies
function as a medium of exchange, allowing direct
transactions between parties.
Security
and Anonymity: The use of cryptography makes cryptocurrencies
extremely difficult to counterfeit or double-spend.
While transactions can be pseudonymous, meaning they
are not directly linked to personal identities, most
cryptocurrencies provide a level of transparency where
transaction details are public but not necessarily
the identities behind them.
Market
Dynamics: The cryptocurrency market has shown both
significant growth and volatility. For instance, Bitcoin
has experienced notable fluctuations, with its price
and market cap often leading the crypto market's sentiment.
Events like regulatory news, technological developments
(like Ethereum's upgrades), and macroeconomic factors
influence these markets.
Types
and Use Cases: Beyond Bitcoin, there are thousands
of cryptocurrencies, often referred to as altcoins,
each with different functionalities. Ethereum introduced
smart contracts, enabling decentralized applications
(dApps) and decentralized finance (DeFi). Other cryptocurrencies
focus on privacy, scalability, or specific use cases
like supply chain management.
Public
Perception and Adoption: Despite growing awareness,
the adoption of cryptocurrencies as everyday currency
remains limited. The complexity, regulatory uncertainties,
and the lack of user-friendly infrastructure compared
to traditional financial systems pose hurdles. However,
there's increasing interest in cryptocurrencies as
investment vehicles or speculative assets.
Regulatory
Landscape: Governments around the world are grappling
with how to regulate cryptocurrencies. Some countries
are embracing crypto with regulatory frameworks, while
others impose bans or severe restrictions. This regulatory
dance impacts market stability and investor confidence.
Technological
Developments: The blockchain technology underlying
cryptocurrencies continues to evolve. Concepts like
proof-of-stake (PoS) versus proof-of-work (PoW), scalability
solutions, and interoperability between blockchains
are at the forefront of innovation, aiming to address
issues like energy consumption and transaction speeds.
Challenges:
Cryptocurrencies face challenges like scalability,
security (despite cryptography, there are still vulnerabilities
in surrounding ecosystems like exchanges), regulatory
scrutiny, and the risk of being used for illicit activities
due to their pseudonymous nature.
Future
Outlook: The future of cryptocurrencies might see
them becoming more integrated into the financial system,
either as a parallel system or evolving into something
new with further technological advancements. The narrative
around cryptocurrencies often oscillates between them
being the future of money and speculative bubbles,
reflecting the speculative and innovative nature of
the space.
From
the sentiment on platforms like X (formerly Twitter),
there's a mix of enthusiasm for the potential of cryptocurrencies
to revolutionize finance and skepticism regarding
their stability, utility, and environmental impact.
The conversation around cryptocurrencies continues
to evolve, reflecting both their promise and the significant
challenges they face in mainstream adoption. (Grok)
Crypto
And Politics
Gonzo
Bitcoin Scribes With Gonzo, A.I And Grok
Wrestling
With Crypto, BTC News And Power To The People; President
Trump Looking For A Win-Win-Win situation
And
The Crowd Roars Wild For Crypto Friendly Polies
In
Case You Missed It
By
A. Media Scriber. With assistance from A. Bot (Grok
Chapter)
July
28, 2024
Trump
vs Harris on cryptocurrency
For
The U.S And World Wrestling Crypto Heavyweight Title
The
Trumper Will continue to promote and lift bitcoin
Trump
planning to establish a U.S. bitcoin stockpile, set
up a crypto advisory council akin to Wrestlers Court
Former
(to some) President Donald Trump on Saturday body
slammed Vice President Kamala Harris over the Biden
administrations approach to cryptocurrency regulation
and announced a sweeping set of industry-friendly
policies, as he sought to win over the bitcoin mob.
Speaking
at a major crypto conference in Nashville, Tennessee,
Bitcoin 2024 (WrestleMania for Cryptos) Trump sought
to hog tie Harris to the Biden administrations
rugged regulatory approach to the digital asset industry.
Though Harris hasnt taken a public position
and her team is ramping up outreach to the crypto
world, Trump said she is against crypto.
Every
Babyface Needs A Villain/Heel
Trump
endorsed an array of policies to boost crypto firms.
Bullet
Points
Have
the U.S government hold a stockpile of bitcoin, creating
a crypto advisory council, installing a crypto-friendly
Securities and Exchange Commission chair and ock blocking
the Fed Reserve from creating its own digital currency.
I
pledge to the bitcoin community that the day I take
the oath of office, Joe Biden and Kamala Harris
anti-crypto crusade will be over, he said.
The
moment Im sworn in, the persecution stops and
the weaponization ends against your industry.
Trumps
grand and most welcome appearance at the Bitcoin 2024
conference cemented his embrace of the crypto industry,
which is lobbying hard in downtown Washington and
planning to spend more than a whopping $160 million
to sway this years elections. And you thought
that stakes were high in WWE's 'Money In The Bank'.
How about a crypto title Triple H? Matt Cardona had
the Internet Title - we know.
The
emergence of Harris after Joe may have been caught
in a sleeper hold is likely to complicate his pitch
and may throw a ring spanner in the world. Her campaign
is showing signs of opening up to the industry, and
some Democrats are pushing her to break from the Biden
administrations more skeptical approach.
Trump
vowed to terminate SEC Chair Gary Gensler, who has
pursued a series of high-profile crypto enforcement
actions and has sternly warned that digital asset
trading poses big investor risks. Trump also pledged
to enact policies to support stablecoins, a type of
cryptocurrency pegged to other assets like the dollar.
We
will have regulations, but from now on the rules will
be written by people who love your industry, not hate
your industry, he said.
Trump
was offered raucous applause and crowd pop, including
when he vowed to sack Gensler.
I
didnt know he was that unpopular, Trump
said.
Trump
heaped praise on the crowd, calling them highly
intelligent, and criticized crypto skeptics
like Senator Elizabeth Warren (D-Mass.), whom he singled
out by name.
The
Biden-Harris administrations repression of crypto
and bitcoin is wrong, and its very bad for our
country, he said.
Trump
himself is a former crypto critic, but he did not
acknowledge his past comments in his particular speech.
He penned in 2019 that he was not a fan of bitcoin
and other cryptocurrencies, which are not money, and
whose value is highly volatile and based on thin air.
Trump
started embracing the crypto industry in May. He has
since cashed in on his crypto stance, hosting crypto
executives at fundraisers and his Mar-a-Lago resort.
Ahead
of his speech on Saturday, Trump participated in a
fundraiser at the bitcoin conference with an $844,600
asking price to attend a VIP reception, roundtable
and to snap a mug shot er photo with the former president,
according to an online invitation. A lower-tier ticket
that went for $60,000 per person or $100,000 per couple
allowed attendees to just attend the reception and
get a snap a pic with The Trumpster.
Trump,
who appeared on stage Saturday afternoon after an
extensive delay, singled out several figures in the
crypto world at the start of his speech. They included
the Winklevoss twins, whom he dubbed male models
with a big beautiful brain, Rep. French Hill
of Arkansas, who is vying to lead the House Financial
Services Committee next year, and David Bailey, who
organized the conference.
So
fans, you got the winning ticket, your Trump collectables,
now you've heard The Hulkster's promo at the RNC.
Now we just need the traditional title of President
Of The United States, and Commander In Chief sounds
good as crypto gold too.
A
bullet proof boss, crypto friendly, freedom of speech,
and pro actively draining the swamp while giving back
power to the people. This trend may just catch on
globally. We might need an NWA (National Wrestling
Alliance) type group, and they can lock horns with
the NWO, much like the famed World Championship Wrestling
vs New World Order tussles of the past. DT For The
Win! Some of the names change, but the ultimate goal
largely remains the same - Freedom!
Special
thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024
Team
Donald Trump
WWE,
TKO Group, NWA
Hunter
S. Thompson (the late)
Grok,
X Corp
Trump
Trading Cards
The
Readers - that means you sport!
News
Bitcoin
2024 (via Grok)
The
anticipation around Bitcoin in 2024 is palpable, driven
by several key events and trends:
Bitcoin
Halving: Scheduled for April 2024, this event reduces
the reward for mining new blocks by half, from 6.25
BTC to 3.125 BTC. Historically, halving events have
led to significant price increases due to the reduced
supply of new bitcoins entering the market. Analysts
and enthusiasts expect this trend to continue, potentially
pushing Bitcoin's price to new heights.
Spot
Bitcoin ETFs: The potential approval of spot Bitcoin
Exchange Traded Funds (ETFs) in the U.S. is seen as
a major catalyst. Such financial products could bring
a flood of institutional money into Bitcoin, enhancing
its liquidity and acceptance as an investment vehicle.
This move could significantly impact Bitcoin's price
by making it more accessible to retail and institutional
investors who prefer regulated investment products.
Macroeconomic
Factors: With concerns over inflation, economic stability,
and monetary policies, Bitcoin is increasingly viewed
as a hedge against inflation or currency devaluation.
Predictions of interest rate cuts and increased money
printing by major economies like the U.S. and China
could further bolster Bitcoin's appeal as a "digital
gold."
Price
Predictions: Various analysts and platforms have made
bold predictions for Bitcoin's price in 2024.
Predictions
range from $60,000 to as high as $524,000, with many
expecting a significant bull run post-halving. These
forecasts are based on historical patterns post-halving,
increased adoption, and the potential for Bitcoin
to be seen as a safe-haven asset.
Community
Sentiment: On platforms like X, there's a mix of cautious
optimism and outright bullishness.
Discussions
highlight the potential for Bitcoin to reach six figures
or even higher, driven by the halving, ETFs, and macroeconomic
conditions. However, there's also acknowledgment of
potential corrections or sideways movements post-halving,
as seen in past cycles.
Technological
and Network Developments: Beyond price, Bitcoin's
underlying technology continues to evolve. The introduction
of Ordinals and BRC-20 tokens on Bitcoin's network
represents innovation in NFTs and DeFi directly on
Bitcoin, potentially increasing its utility and thus,
value.
Market
Sentiment and Events: The Bitcoin 2024 conference
in Nashville, featuring high-profile speakers, underscores
Bitcoin's growing mainstream acceptance and its role
in global financial discussions. Such events not only
boost visibility but also might influence market sentiment
positively.
Given
these points, Bitcoin in 2024 is expected to be at
the center of financial innovation, regulatory discussions,
and investment strategies. While the exact price trajectory
remains speculative, the combination of halving, potential
ETF approvals, and global economic conditions sets
the stage for what many in the community anticipate
could be one of Bitcoin's most significant years yet.
However, as with any investment, especially in cryptocurrencies,
there's inherent volatility and risk involved, which
should be considered alongside the optimism. (Grok)
News
via Grok
Zurich
Cantonal Bank Launches Crypto Trading
September
9, 2024
Zurich
Cantonal Bank (ZKB), Switzerland's fourth-largest
bank, has introduced trading services for Bitcoin
and Ethereum, marking a significant step in integrating
cryptocurrencies into traditional banking. This service
allows clients to trade these cryptocurrencies through
ZKB's existing eBanking and Mobile Banking platforms,
offering 24/7 trading capabilities. Additionally,
ZKB provides custody services for these digital assets,
enhancing security. This move represents a notable
advancement in the adoption of cryptocurrencies by
mainstream financial institutions, potentially influencing
broader acceptance and use of digital currencies in
financial markets.
News
BTC
via Grok
Here's
a summary based on the latest information available
up to September 7, 2024:
Price
Movement: Bitcoin experienced a notable drop following
the release of U.S. jobs data, with prices dipping
by as much as 6.5% to around $52,600. However, there's
been a slight recovery, indicating some volatility
but also resilience around certain support levels.
Market
Sentiment: There's a mix of caution and optimism.
The market saw increased volatility with significant
price drops across major cryptocurrencies, but there's
also mention of a potential for recovery or stabilization,
with some traders pointing out that the market might
be setting up for further movements based on current
support and resistance levels.
Technical
Analysis: Various posts discuss Bitcoin's price action
within a channel, with more tests at the lower end
suggesting a potential for either a breakout or a
strong bounce back. Negative funding rates and a lack
of significant liquidations on the downside indicate
a cautious market where shorts are confident at high-time-frame
support levels.
Market
Structure: There's an observation of thin order books
between the current price and higher levels like $57,000,
suggesting potential for rapid movements if buying
pressure increases significantly.
Institutional
Interest: The mention of Barclays targeting MicroStrategy
stock for Bitcoin exposure highlights ongoing institutional
interest in Bitcoin, albeit indirectly through stocks
of companies with significant Bitcoin holdings.
ETF
Impact: There have been outflows from Bitcoin ETFs,
which might reflect profit-taking or a shift in investor
sentiment, possibly influenced by macroeconomic data
or regulatory news.
Future
Outlook: While there's immediate concern over the
recent dip, the broader sentiment includes watching
for how Bitcoin reacts at current support levels,
with some anticipation for potential upward movements
if certain psychological or technical levels are breached.
This
summary reflects a snapshot of Bitcoin's market dynamics
as of early September 2024, characterized by typical
crypto market volatility, technical analysis speculation,
and ongoing interest from both retail and institutional
investors. Always remember, the crypto market can
be highly speculative, and sentiments can shift rapidly
based on new information or broader market trends.
(Grok)
News
Trump
2024 (via Grok)
Donald
Trump's 2024 presidential campaign has been marked
by several notable events and strategic shifts:
Campaign
Events and Focus: Trump has been actively campaigning
across key battleground states, with recent activities
including a rally in Mosinee, Wisconsin, where he
spoke on various issues like the economy, education
policy, and international relations. His campaign
schedule has included themed events focusing on economic
policy, crime, national security, and immigration,
indicating a broad-based approach to appeal to different
voter concerns.
Strategic
Adjustments: There's been a noticeable shift in campaign
strategy, particularly in response to Kamala Harris's
rise in the Democratic ticket. Trump has scaled back
campaigning in states like New Hampshire, Minnesota,
and Virginia, focusing instead on states with higher
electoral impact like Pennsylvania, Michigan, and
Arizona. This suggests a strategic pivot to consolidate
support in crucial swing states.
Policy
Promises: Trump has made significant promises, including
ending the Russia-Ukraine war before his potential
inauguration, abolishing the U.S. Department of Education,
and preventing World War III. These pledges aim to
appeal to voters looking for strong, decisive action
on both domestic and foreign policy fronts.
Public
Sentiment and Campaign Style: Trump's rallies continue
to draw crowds, although there have been observations
of smaller turnouts in some instances compared to
previous campaigns. His style remains confrontational,
with direct attacks on his opponents and frequent
use of social media to engage with supporters directly.
Legal
and Political Challenges: The campaign has not been
without controversy, including legal challenges and
criticisms over his handling of previous events like
the Afghanistan withdrawal. Trump's campaign has responded
to these by focusing on his past achievements and
painting his opponents as less competent or patriotic.
Fundraising
and Support: Despite legal battles, Trump's campaign
has managed to maintain significant financial support,
though there have been fluctuations in fundraising
success. His campaign has also been described as ramping
up its ground game, suggesting an intensified effort
to mobilize voters at the grassroots level.
Media
and Public Perception: Social media posts reflect
a mix of staunch support and criticism, with some
users highlighting perceived weaknesses in Trump's
campaign strategy or health, while others rally behind
his policies and persona. The campaign's use of media,
including Trump's own social media presence, plays
a crucial role in shaping his narrative.
Engagement
with Key Demographics: Efforts like announcing a "Black
Americans for Trump" coalition indicate a strategy
to broaden his voter base, addressing criticisms of
past campaigns where he struggled with certain demographics.
Trump's
2024 campaign, therefore, is characterized by a blend
of continuity in his aggressive campaign style, adaptation
to new political realities with Harris as his opponent,
and a focus on policy promises that aim to resonate
with a wide swath of American voters, particularly
in swing states crucial for electoral victory.
Media
Man Int
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It!
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News via Media Man and FxPro
September
18. 2024
The
crypto market gets a boost from stocks
Market
Picture
The
crypto market has gained 2.1% in the last 24 hours
to reach $2.08 trillion. The rise in the stock market
has brought buyers back to Bitcoin, which has positively
impacted cryptocurrencies. The sentiment index is
still in the fear zone, but at 45, it is already close
to neutral territory. This shows that it is lagging
stocks where sentiment has shifted to 'greed'.
Bitcoin
surpassed $60K, accelerating sharply at the start
of the US session. The price peaked at $61.3K before
retreating to $60.4K at the time of writing.
Despite
some pullback, bitcoin has broken above its 50-day
moving average, suggesting significant upside potential.
However, it isn't easy to rely on today's technical
picture ahead of the Fed's interest rate decision
on Wednesday evening. The next important level is
likely to be around the $64K, where the late August
high and the 200-day average are located.
News
Background
JPMorgan
sees bitcoin hash rate growth slowing as miner revenues
remain at historic lows. Meanwhile, US Bitcoin miners'
share of the network hash rate rose for the fifth
consecutive month to 26.7%, an all-time high.
MicroStrategy
will place $700 million in four-year unsecured convertible
notes to acquire additional bitcoins and fund general
corporate purposes.
According
to Arkham, the Bhutanese government's bitcoin holdings
amount to 13,036 BTC ($770 million), almost three
times El Salvador's reserves. The country has the
world's fourth-largest stockpile of BTCs, derived
from mining by a sovereign wealth fund.
The
crypto industry is no longer able to provide 'dopamine'
to either developers or traders. That is why it is
in crisis, said CryptoQuant CEO Ki Young Ju. According
to him, the crypto industry is gradually turning into
a 'gambling den'.
Developers
Curve Finance and TON Foundation will create a platform
for trading stablecoins on the TON blockchain. The
new initiative will meet the growing demand for stablecoins
and increase the liquidity and popularity of the network's
Web3 ecosystem.
Bitcoin
drops 10pc as rout deepens
August
5, 2024
Bitcoin
is under pressure from a bout of risk aversion in
global markets that saddled the largest digital asset
with its heftiest weekly loss since the collapse of
the FTX exchange in 2022.
The
original cryptocurrency sank more than 10 per cent
at one point before paring some of the decline to
trade at $US54,333 ($83,590). The token lost 13.1
per cent in the seven days through Sunday, the most
since the FTX bankruptcy period. Smaller tokens such
as ether and meme-crowd favourite dogecoin also nursed
heavy losses.
The
declines come as a global stock sell-off intensifies,
reflecting concerns about the economic outlook and
questions over whether heavy investment into artificial
intelligence will live up to the hype surrounding
the technology. Geopolitical tension is rising in
the Middle East, adding to investor skittishness.
Bitcoin
exchange traded funds in the US suffered their largest
outflows in about three months on August 2. The digital
asset has also tumbled through its 200-day moving
average price.
The
latter technical chart pattern opens the way
for a deeper pullback towards $54,000, Tony
Sycamore, market analyst at IG Australia, wrote in
a note.
Bitcoin
has been buffeted by a range of factors since hitting
a record of $US73,798 in March, including shifting
political fortunes in the US as pro-crypto Republican
Donald Trump and his Democratic opponent, Vice President
Kamala Harris who has yet to detail a digital-asset
policy stance lock horns in the presidential
race. (AI News, Wires)
Donald
Trump Bitcoin Conference Keynote
https://youtube.com/watch?v=9UxAUryUKXM&ab_channel=BitcoinMagazine
Donald
Trump delivers his keynote address at the Bitcoin
Conference 2024. In a groundbreaking speech at the
Bitcoin 2024 conference in Nashville, former President
Donald Trump outlines his vision for a crypto-friendly
America. Trump promises to end the current administration's
"anti-crypto crusade" and positions himself
as the first major party nominee to accept Bitcoin
donations. He pledges to fire SEC Chairman Gary Gensler,
create a Presidential Crypto Advisory Council, and
keep all government-held Bitcoin. Trump's address
covers a wide range of topics, from energy policy
to inflation, connecting them all to the future of
Bitcoin and cryptocurrency in America. He vows to
make the U.S. the "crypto capital of the planet"
and a "Bitcoin superpower," promising regulatory
clarity and economic prosperity for the industry.
This
video is a must-watch for anyone interested in the
intersection of politics and cryptocurrency. Lower
your time preference and lock-in your Bitcoin 2025
conference tickets today!!! (Credit: Bitcoin Magazine
@BitcoinMagazine
/Bitcoin 2024)
Click
Here: http://b.tc/conference/2025
#djt
Websites
Bitcoin
Magazine
https://bitcoinmagazine.com
Bitcoin
Magazine:
NEWS:
DONALD TRUMP TO SPEAK AT BITCOIN 2024 CONFERENCE IN
NASHVILLE
https://bitcoinmagazine.com/business/donald-trump-to-speak-at-bitcoin-2024-conference-in-nashville
Bitcoin
Magazine YouTube
https://youtube.com/@BitcoinMagazine
Cryptocurrency
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Cryptocurrency
News via Media Man and FxPro
July
8, 2024
Crypto
Bargain-hunters are back
Market
picture
Bargain
hunters are showing themselves in full force in crypto.
Cryptocurrency market capitalisation rose 3.6% in
24 hours to $2.11 trillion, climbing back to the top
of the range of the past five days. It will take the
market to rise another 2% before we can say that the
bear attack has been repelled. Until then, we can
only talk about consolidation after the sell-off.
Bitcoin
rebounded to $57.3K after a couple of dips to $54K,
sticking to its descending channel that has been in
force since March, but the price is very dangerously
stuck at the bottom of this corridor. This situation
makes us fear an acceleration of the sell-off with
a potential target in the $50-51K area, where the
crypto market was stagnant in February.
Ethereum
trades at $3050 and remains below the 200-day moving
average but has not given up trying to climb higher.
Here, ETH has a strong support line, which also attracted
buyers in April and May. More on the bulls' side is
that the RSI on daily timeframes rises from oversold
territory. These are promising technical signals,
but the sustained sell-off from the US and German
governments and the overhang of selling from Mt Gox
lenders is clearly undermining the confidence of too
many buyers.
News
background
According
to CoinShares, investments in crypto funds rose by
$441 million last week for the first time after three
weeks of outflows. Bitcoin investments increased by
$398 million, Solana by $16 million, Ethereum by $10
million.
Recent
price declines, driven by potential selling pressure
from Mt Gox and the German government, were probably
seen as a buying opportunity. Inflows into BTC accounted
for only 90% of the total inflows, as investors chose
to invest in a much broader set of altcoins. The most
notable of these was Solana, which has received $57
million in investments since the beginning of the
year, making it the most efficient altcoin in terms
of flows, CoinShares noted.
German
authorities continue to transfer Bitcoins to exchanges.
On 8 July, two 250 BTC transfers were made to Coinbase
and Bitstamp platforms. Transactions of 700 BTC and
500 BTC followed to unidentified Arkham numbers.
The
Bitstamp exchange promised to distribute the payments
from Mt Gox "as soon as possible," despite
having a 60-day deadline. So far, only Japanese BitBank
and SBI VC Trade addresses have been distributed coins.
The three remaining recipients - Bitstamp, Kraken
and BitGo - are still awaiting their turn. The trustee
has 94,771 BTC (~$5.4bn) left to send.
Bitfinex
points out signs of a potential end to the market
correction. Short-term investor selling is potentially
close to exhaustion. Meanwhile, the funding rate for
perpetual BTC contracts has turned negative for the
first time since 1 May.
Donald
Trump to Headline Bitcoin 2024 Conference in Nashville
July
11, 2024
Former
President Donald Trump has been confirmed as a keynote
speaker at the upcoming Bitcoin 2024 conference set
to take place in Nashville, Tennessee.
This
news comes as a significant development for the event,
known for its major industry announcements and influential
speakers. The conference, which has previously been
hosted in Miami, has established itself as a platform
for groundbreaking news within the cryptocurrency
space.
Bitcoin
2021, the inaugural conference, made headlines when
El Salvador officially declared Bitcoin as legal tender.
The subsequent Bitcoin 2022 and Bitcoin 2023 conferences
continued the trend of notable moments, including
a powerful speech by U.S. Presidential candidate Robert
F. Kennedy Jr. in support of the Bitcoin industry.
This
year, the shift of the conference location from Miami
to Nashville signifies its increasing prominence on
the global stage. With two former U.S. Presidential
candidates, Robert F. Kennedy Jr. and Donald Trump,
slated to speak, Bitcoin 2024 is anticipated to be
a pivotal event that could potentially impact the
future trajectory of Bitcoin and cryptocurrency policies
in the United States.
Donald
Trumps participation in the conference is especially
noteworthy considering his recent engagements with
the Bitcoin community. Earlier this year, Trump met
with prominent U.S. Bitcoin miners, including representatives
from CleanSpark, where he reiterated his support for
Bitcoin mining both domestically and internationally.
In a statement, Trump pledged to prioritize the development
of Bitcoin and crypto initiatives in the United States
and safeguard the rights of the nations 50 million
crypto holders if re-elected as president.
As
Trump embarks on his presidential campaign, his alignment
with the Bitcoin industry stands in contrast to the
position of his potential rival, President Joe Biden,
who has shown less enthusiasm towards the cryptocurrency
sector. While Bidens participation in Bitcoin
2024 remains unconfirmed, the event could underscore
the divergent approaches of the two candidates towards
Bitcoin and its implications for U.S. policies.
For
additional details on the Bitcoin 2024 conference
and to secure a discounted ticket using a promotional
code, interested individuals can visit the official
event website. Bitcoin Magazine, a subsidiary of BTC
Inc, the organizer of the largest Bitcoin conference,
The Bitcoin Conference, will be overseeing the event.
Websites
Bitcoin
2024
https://b.tc/conference/2024
Bitcoin
Magazine
https://bitcoinmagazine.com
July
1, 2024
Buyers
failed to pick up on the crypto market
Market
picture
The
crypto market has been enjoying an influx of buyers
since Saturday, with a visible acceleration on Monday.
Over the past 24 hours, capitalisation has risen 3.6%
to $2.33 trillion. Last weeks drop in the crypto
sentiment index to 30 (fear zone) reversed the price
twice, showing that the market is dominated by a buy
the dip pattern.
Bitcoin
is trading near $63.3K, adding 5% since Saturday morning
and reaffirming the importance of support at 61.8%
of the Jan-March rally. From another perspective,
Bitcoin is adding and bouncing off the lower boundary
of the downward channel. Likely, the price is now
moving towards the upper boundary at $67K. However,
cautious buyers may prefer to wait for confirmation
with the price rising above $72-73K - the pivot area
of the last four months - which would be confirmation
of the start of a new impulsive wave of growth.
Bitcoin
ended June down 8.5% to $61.9K. In terms of seasonality,
July is considered quite successful for BTC, adding
eight times (22.3% on average) out of the last 13
and declining on five occasions (-7.8% on average).
News
background
In
terms of on-chain analysis, quotes have crossed the
realised price level of short-term holders at $62,000,
which historically can act as support during corrections
in bull markets.
According
to Arkham data, German authorities sent another 595
BTC worth ~$36.6 million to crypto exchanges on 26
June. Authorities began actively moving the cryptocurrency
on 19 June, when some of it first hit the Kraken and
Bitstamp exchanges.
Bitwise
forecasts net inflows into spot ETH-ETFs in the US
of $15bn in the first 18 months. Bloomberg expects
trading in the new product to start on 2 July.
Solana
Foundation has launched tools that enable it to turn
any website or app into a gateway for cryptocurrency
payments and other blockchain transactions.
On
26 June, the Blast development team completed the
first phase of an airdrop, distributing 17 billion
BLAST tokens (17% of the total issuance). Blast is
an Ethereum-based layer 2 (L2) network that was launched
in November 2023 by Blur founder under the pseudonym
Pacman. In terms of blockchain value locked (TVL),
the Blast ecosystem is ranked sixth in the DeFi Llama
ranking with a value of $1.58bn.
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Euro,
Gold, Crypto and more via Media Man and FX Pro
A
strong current account surplus may not help euro
The
eurozone's current account surplus climbed to a six-month
high of 31.9bn in December. Analysts, on average,
had expected a decline to 20.3 bn from 22.5 bn the
previous month. The current level was seen in the
eurozone during the relatively benign pre-Covid period
and sometime before Natural Gas prices spiked in the
second half of 2021.
The
normalisation of the surplus is good news for the
single currency, as it means more net capital inflows
into the region. But this growth has been fuelled
by falling imports, which can be the result of lower
commodity and energy prices (which is a very good
thing), but also partly indicative of a slowdown in
domestic demand. This threatens to translate into
economic contraction in the coming months.
The
euro area experienced periods of severe import contraction
in late 2008 and early 2010, and in both cases, the
economy experienced a severe downturn. Back in 2008,
all this was accompanied by the collapse of the euro.
Gold
Gold
rises but within a downward channel
Gold
rallied for the fourth consecutive session to reach
$2023, recovering almost all the losses suffered the
week before on the back of the inflation report. Gold's
ability to rally suggests continued domestic demand,
as some investors are clearly rushing to buy back
any losses.
At
the same time, however, we note that since the beginning
of the year, gold has been characterised by solid
selloffs on the news, forming a smooth downtrend.
In the context of this downtrend, a rise to $2040-2045,
which is the upper boundary of the bearish range,
looks quite acceptable.
The
area around $2035 - the highs of two weeks ago - also
appears to be a crucial intermediate level. Confident
buying from this level would be the first important
signal that the recent correction is over and that
gold is ready to make a fresh assault on the highs.
Much
more important, however, will be the behaviour of
gold as it approaches the $2050 level, where the reversal
of the decline in late January took place.
Consolidation
at this level would confirm the breakdown of the downtrend
and set the stage for a move towards $2100 and the
subsequent renewal of historic highs.
However,
as long as gold is trading within the downtrend, there
is a greater chance of a breakdown or even an acceleration
of the downtrend.
Among
the fundamental factors, the potential for growth
could be provided by the fall in the dollar if Fed
officials show a softening of their position, bringing
the start of interest rate cuts closer.
On
the bearish side, equities could come under pressure
following the optimistic rally in the tech giants
and the news of a sharp slowdown in economic activity.
We also do not rule out the possibility that the recent
support measures for the Chinese stock market and
property sector will cool demand for gold as a safe-haven
for investors from that part of the world.
Cryptocurrency
Crypto
market growth halted amid capital inflows
Market
picture
The
crypto market has corrected 0.46% in the last 24 hours,
fluctuating within a narrow range without a clear
direction. Bitcoin is down 1% but up 3.7% over seven
days, Ethereum is flat for the day but up 10.6% over
the week. The top coins are mixed with BNB +2% and
Solana -2.5%.
Bitcoin
is currently drawing its fourth daily candle with
opening and closing levels close to each other. Such
sideways consolidations are characteristic of strong
bull markets, as opposed to corrective pullbacks on
smoother rallies.
Ethereum
hit local highs on rumours of a positive regulatory
decision before the end of March. Bloomberg analyst
James Seyffarth bet 4 ETH that the SEC will not approve
a spot Ethereum ETF next month.
According
to data from CoinShares, investment in crypto funds
rose by a record $2.452 billion last week, following
inflows of $1.116 billion the previous week.
Bitcoin investments increased by $2.424 billion, Ethereum
by $21 million, Cardano lost $6 million, and Solana
lost $1.6 million.
Since
the beginning of the year, crypto funds have seen
inflows of an impressive $5.2 billion, with total
AUM rising to $67 billion, the highest since December
2021.
News
background
Bitcoin
will see institutional support in the next three to
six months, according to Coinbase. Bitcoin ETFs could
eventually become a major competitor to gold funds.
According to IntoTheBlock, there is an 85% chance
that Bitcoin will reach a new all-time high within
the next six months. Five factors could contribute
to this: the halving of the price, ETFs, monetary
easing, the US election, and companies accumulating
BTC as part of their treasuries.
Former
CIA contractor Edward Snowden, who has been living
in Russia since 2013, called bitcoin the most significant
achievement of the financial system in the entire
existence of money and means of exchange.
Amberdata
admitted that Ethereum will outpace Bitcoin in terms
of growth due to more constructive deflationary policies.
The supply of ETH has been decreasing since September
2022, thanks to the update of The Merge, as well as
the implementation of a mechanism to burn part of
the commissions. During this time, around 0.36 million
ETH, or 0.3% of the total supply of 120 million coins,
have been removed from circulation.
Via
Roy Morgan Research and Media Man social media
Copper,
gold, and Bitcoin rise; Iron ore and oil fall; ASX
to fall in response to selling on Wall Street; US
vetoes Arab-backed UN resolution demanding ceasefire
in Gaza; Assange's lawyers warn that he risks 'flagrant
denial of justice' if he is tried in US
Latest
updates on Key Economic Indicators
21
February 2024
Roy
Morgan Summary
Australian
Dollar: $0.6550 USD (up 0.0011 USD)
Iron Ore Mar Spot Price (SGX): $120.85 USD (down $6.40
USD)
Oil
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New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family".
Roy
Morgan CEO Michele Levine confirmed that the Helix
Personas market segments are based on statistical
information, not data from individual people. "It's
totally ethical. Unlike Facebook or any of these things,
it's not any particular individual", Roy Morgan's
chief executive Michele Levine, said.: 38,582.12 at
3.22pm NY time (down 45.87 points on Friday's close)
Roy
Morgan wins three-year contract to deliver domestic
tourism statistics for Austrade
21
February 2024
Roy
Morgan Summary
From
2025, Roy Morgan will provide Austrade with the world's
best practice survey methodology, big data integration
and modelling techniques to deliver accurate domestic
tourism statistics. Roy Morgan has reimagined the
future of domestic tourism statistics to move Austrade
and its stakeholders to the forefront of tourism intelligence
with a new platform that will drive the future of
Australia's tourism industry, which is estimated to
be worth in excess of $160 billion. Portia Morgan,
the Head of Client Services at Roy Morgan, says that
using face-to-face interviewing, which is the gold-standard
for surveying the population, enhanced with big data
and cutting-edge data science techniques, Roy Morgan
will be delivering a future-proofed system that will
be cost effective, reliable, and accurate. She adds
that Roy Morgan has been delivering survey-based tourism
insights via its Holiday Tracking Survey for 20+ years
and the company is thrilled to be working with Austrade
and the broader industry to provide a deeper of understanding
of how many people are travelling, where they go,
what they do and how they spend their valuable tourism
dollars.
Anti-mining
PM pushes BHP's cash offshore
Roy
Morgan Summary
It
is somewhat hypocritical of the federal government
to flag possible support for Australia's nickel industry,
given that Labor's anti-mining legislation may jeopardise
the expansion of BHP's copper operations in South
Australia. BHP is still likely to proceed with an
expansion, but the previously touted investment of
between $10bn and $15bn is now only a 50 per cent
chance. The new labour laws in the government's industrial
relations reforms mean that BHP is now more likely
to redirect much of this capital investment to its
criticals minerals projects in other countries; rival
miner Rio Tinto is already doing this.
More
than 2.7 million New Zealanders now read newspapers
and magazine audiences surge to over 1.7 million
21
February 2024
Roy
Morgan has released its readership results for New
Zealand's newspapers and magazines for the 12 months
to December 2023. The data shows that 2.73 million
New Zealanders aged 14+ (64.4%) now read or access
newspapers in an average 7-day period via print or
online (website or app) platforms. In addition, 1.71
million New Zealanders aged 14+ (40.3%) read magazines,
whether in print or online either via the web or an
app. The New Zealand Herald is still the nation's
most widely-read publication, with a total cross-platform
audience of 1,720,000 in the 12 months to June 2023
- almost five times as many as the second placed Dominion
Post with a readership of 341,000. Meanwhile, New
Zealand's most widely read magazine is still the driving
magazine AA Directions, which had an average issue
readership of 379,000 during the year to December
(an increase of 63,000 on a year ago).
These
are the latest findings from the Roy Morgan New Zealand
Single Source survey of 6,254 New Zealanders aged
14+ over the 12 months to December 2023.
New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians.
One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Media
Man
Warrner
Bros
Profile
In
2010, the Warner Bros. Pictures Group broke the all-time
industry worldwide box office record with receipts
of $4.814 billion, which surpassed the prior record
of $4.010 billion (set by the Studio in 2009). Warner
Bros. also established a new industry benchmark for
the international box office with a total of $2.93
billion (marking a record third time of crossing the
$2 billion threshold) and retained its leading domestic
box office ranking with receipts of $1.884 billion.
2010 also marked the 10th consecutive year Warner
Bros. Pictures passed the billion dollar mark at both
the domestic and international box offices. Warner
Home Video was, once again, the industrys leader,
with an overall 20.6 percent marketshare in total
DVD and Blu-ray sales. The companies comprising the
Warner Bros. Television Group and Warner Bros. Home
Entertainment Group remain category leaders, working
across all platforms and outlets, and are trendsetters
in the digital realm with video-on-demand (transaction
and ad-supported), branded channels, original content,
anti-piracy technology and broadband and wireless
destinations.
The
Warner Bros. Pictures Group brings together the Studios
motion picture production, marketing and distribution
operations into a single entity. The Group, which
includes Warner Bros. Pictures and Warner Bros. Pictures
International, was formed to streamline the Studios
film production process and bring those businesses
organizational structures in line with Warner Bros.
television and home entertainment operations.
Warner
Bros. Pictures produces and distributes a wide-ranging
slate of some 18-22 films each year, employing a business
paradigm that mitigates risk while maximizing productivity
and capital. Warner Bros. Pictures either fully finances
or co-finances the films it produces and maintains
worldwide distribution rights. It also monetizes its
distribution and marketing operations by distributing
films that are totally financed and produced by third-parties.
The Studios 2011 slate includes Sucker
Punch, The Hangover Part II, Green
Lantern, Harry Potter and the Deathly
Hallows Part 2, Happy Feet 2
and Sherlock Holmes: A Game of Shadows.
Warner
Bros. Pictures International is a global leader in
the marketing and distribution of feature films, operating
offices in more than 30 countries and releasing films
in over 120 international territories, either directly
to theaters or in conjunction with partner companies
and co-ventures.
New
Line Cinema, part of Warner Bros. Entertainment since
2008, coordinates its development, production, marketing,
distribution and business affairs activities with
Warner Bros. Pictures to maximize film performance
and operating efficiencies. Highlights of New Lines
2011 release slate, distributed by Warner Bros., include
Horrible Bosses, Final Destination
5, A Very Harold & Kumar 3D Christmas
and New Years Eve.
The
Warner Bros. Television Group oversees and grows the
entire portfolio of Warner Bros. television
businesses, including worldwide production, traditional
and digital distribution, and broadcasting. In the
traditional television arena, WBTVG produces primetime
and cable (Warner Bros. Television and Warner Horizon
Television), first-run syndication (Telepictures Productions)
and animated (Warner Bros. Animation) programming,
which is distributed worldwide by two category-leading
distribution arms/operations (Warner Bros. Domestic
Television Distribution and Warner Bros. International
Television Distribution).
Among
the primetime series produced by divisions of the
Warner Bros. Television Group are Two and a
Half Men, The Big Bang Theory, The
Mentalist, Mike & Molly, Fringe,
Gossip Girl, The Vampire Diaries,
Nikita, The Middle, Southland,
The Closer, Rizzoli & Isles,
Supernatural, The Bachelor,
Pretty Little Liars, Randy Jackson
Presents Americas Best Dance Crew and
many more. Also produced by the company are first-run
syndicated programs such as The Ellen DeGeneres
Show, TMZ and Extra,
among others, as well as animated shows Scooby-Doo!
Mystery Incorporated and Young Justice.
WBTVG
is an innovative leader in developing new business
models for the evolving television landscape, including
ad-supported video-on-demand, broadband and wireless,
and has digital distribution agreements in place with
all of the broadcast networks. Internationally, the
Studio is one of the worlds largest distributors
of feature films, television programs and animation
to the worldwide television marketplace, licensing
some 50,000 hours of television programming, including
more than 6,000 feature films and 50 current series,
dubbed or subtitled in more than 40 languages, to
telecasters and cablecasters in more than 175 countries.
WBTVG
provides original shortform programming for the broadband
and wireless marketplace through its Studio 2.0 digital
venture, and its digital media sales unit is devoted
specifically to multiplatform domestic advertiser
sales for both broadband and wireless. WBTVG continues
its strategic expansion into digital production and
distribution with the launch of several advertiser-supported
entertainment destinations, including TheWB.com, a
premium, video-on-demand interactive and personalized
network and KidsWB.com, a premium destination built
around youth-oriented immersive entertainment.
The
final component of WBTVG is broadcasting: The CW Television
Network, launched (in partnership with CBS) in September
2006 with quality, diverse programming, is targeted
to the 1834 audience.
Warner
Bros. Animations combined classic and contemporary
library currently boasts 14,000 animated episodes
and shorts which air on domestic broadcast networks,
as well as cable networks and in direct-to-video releases
around the world. The classic library includes such
brands as Looney Tunes, Merrie Melodies, Hanna-Barbera
and Ruby-Spears as well as such beloved characters
as Bugs Bunny, Daffy Duck, Sylvester, Tweety, Taz,
Tom and Jerry, Popeye, Batman, Superman, the Flintstones,
the Jetsons and Scooby-Doo.
Warner
Bros. Home Entertainment Group brings together Warner
Bros. Entertainments home video (Warner Home
Video), digital distribution (Warner Bros. Digital
Distribution), interactive entertainment/videogames
(Warner Bros. Interactive Entertainment), direct-to-consumer
production (Warner Premiere), technical operations
(Warner Bros. Technical Operations) and anti-piracy
(Warner Bros. Anti-Piracy Operations) businesses in
order to maximize current and next-generation distribution
scenarios. WBHEG is responsible for the global distribution
of content through DVD, electronic sell-through and
transactional VOD, and delivery of theatrical content
to wireless and online channels. It is also a significant
worldwide publisher for both internal and third party
videogame titles.
In
2010, Warner Home Video dominated the U.S. market
as the number one company in total sell-through video
(DVD and Blu-ray combined) with 20.6% marketshare,
theatrical catalog, TV on DVD, non-theatrical family
and animation, Blu-ray and VOD. WHV has been the number
one studio in overall DVD sales 14 consecutive years,
and is also the leading studio in the international
home video space.
With
more than 3,700 active licensees worldwide, Warner
Bros. Consumer Products licenses the rights to names,
likenesses and logos for all of the intellectual properties
in Warner Bros. Entertainments vast film and
television library. With a global network of offices
and agents in key regions throughout the world, including
North America, Latin America, Asia and Europe, WBCP
maintains an ongoing commitment to expand and build
the power of its core brands recognition in
the international marketplace through strong and creative
merchandising, promotional marketing and retail programs.
DC
Entertainments DC Comics has been in continuous
publication for more than 60 years, and is the leading
comic book publisher in the industry and the creator
of some of the worlds most recognized icons.
DCs characters continue to headline blockbuster
feature films, live-action and animated television
series, direct-to-video releases, collectors
books, online entertainment, digital publishing, countless
licensing and marketing arrangements and, most recently,
graphic novels. DC continues to attract new readers
and fans all over the world with its signature characters
Superman, Batman, Wonder Woman and Justice League
leading the way.
Warner
Bros. International Cinemas provides a true state-of-the-art
movie experience to audiences in Japan with more than
60 multiplex cinemas and more than 600 screens internationally.
One of the pioneers in multiplex development for the
international marketplace, WBIC is continually exploring
new markets for expansion. (Credit: Warner Bros. Entertainment)
Press
Release
09
August 2010
MICROGAMING SET TO LAUNCH THE LORD OF THE RINGS:
THE FELLOWSHIP OF THE RING ONLINE VIDEO SLOT GAME
First Title to Utilize Proprietary Cinematic Spins
Technology Allowing Players to Experience the Film
with Every Spin
ISLE
OF MAN Microgaming today announced the imminent
launch of a new flagship game, The Lord of the Rings:
The Fellowship of the Ring Online Video Slot Game.
This slot game is the first to utilise Microgamings
new Cinematic Spins technology, allowing gamers
to see clips from the films with every spin.
The
Lord of the Rings: The Fellowship of the Ring is a
new online slot game that is part of a multi-year
licensing agreement Microgaming signed with Warner
Bros. Digital Distribution in 2009. The company is
developing a series of cutting-edge, graphic rich
video slots based on this popular movie trilogy and
will use animation material, themes, and characters,
from the trilogy of The Lord of the Rings motion
pictures that include The Lord of the Rings: The Fellowship
of the Ring, The Lord of the Rings: The Two Towers
and The Lord of the Rings: The Return of the King.
These online slot games will be available to adults
only in countries where online gaming is permitted.
The
Lord of the Rings: The Fellowship of the Ring is the
first online video slot to use Microgamings
Cinematic Spins state-of-the-art gaming technology.
This allows movie clips to act as moving backgrounds
behind the reels during spins providing players an
unprecedented level of excitement and immersion.
Win sequences and expanding wilds also use cinematic
clips, instead of traditional animated graphics. The
slots feature famous scenes from the film including
Ringwraiths during the attack at Weathertop, Balrog
in the Mines of Moria, and Uruk-hai in the woods of
Middle-earth. Players will also enjoy seeing characters
from the films that include Frodo, Aragorn, Saruman
and the deadly Black Riders.
Roger
Raatgever, CEO Microgaming comments: Microgaming
has always been ahead of the curve with innovative
offerings, but this game really does push the boundaries
of what an online slot can do. The Lord of the Rings:
The Fellowship of the Ring looks and feels like an
extension of the big screen film experience and were
confident that our operators will see a great deal
of demand from their players, when the game is released.
This is an important deal for Microgaming and highlights
our commitment to partner with the right brands, at
the right time. The Lord of the Rings is one of the
most successful and well loved brands on the planet
and we are excited about combining this widespread
appeal with Microgamings groundbreaking software.
The
Lord of the Rings Trilogy generated $3 billion in
worldwide box office receipts and was nominated for
a total of 30 Academy Awards®; of which they won
17, including Best Picture.
-
Ends -
Notes to editors:
*Cinematic Spins is a trademark held by Microgaming
©
2010 New Line Productions, Inc. All rights reserved.
The Lord of the Rings: The Fellowship of the Ring,
The Lord of the Rings: The Two Towers, The Lord of
the Rings: The Return of the King and the names of
the characters, items, events and places therein are
trademarks of The Saul Zaentz Company d/b/a Middle-earth
Enterprises under license to New Line Productions,
Inc.
For
further information please contact:
Duncan Skehens / Laura Moss/ Lyndsay Haywood
Lansons Communications
020 7490 8828
DuncanS@lansons.com / LauraM@lansons.com / LyndsayH@lansons.com
Warner Bros. Digital Distribution
Peter
Binazeski
818-977-5701
peter.binazeski@warnerbros.com
About Microgaming (www.microgaming.com)
Since the company developed the first true online
Casino software over a decade ago, it has led the
industry in providing innovative, reliable gaming
solutions. Thanks to an unrivalled R&D programme,
that averages 60 games per year and a unique partnership
approach to working with operators; Microgaming software
powers over 160 market-leading online gaming sites.
The companys front and back-end software supports
multi-player, multi-language games - over 500 of them,
all uniquely branded and provides platforms for land-based
and wireless gaming. Microgaming powers the worlds
largest Progressive Jackpot Network and has paid out
over €265million. In May 2009 it created the
biggest ever online jackpot winner with a single payment
win of €6.37m.
As
a founding member of eCOGRA, Microgaming is at the
forefront of an initiative focused on setting the
highest standards in the gaming industry, and leads
in the areas of fair gaming, responsible operator
conduct and player protection. Microgaming has been
awarded eCOGRAs Certified Software Seal following
a rigorous onsite assessment to ensure that the development,
implementation and maintenance of the software is
representative of industry best practice standards
Microgaming licensees are therefore eligible to apply
for the eCOGRA Safe & Fair Seal.
About
Warner Bros. Digital Distribution
Warner Bros. Digital Distribution (WBDD) manages Warner
Bros. Home Entertainment Group's (WBHEG) electronic
distribution over existing, new and emerging digital
platforms, including pay-per-view, electronic sell-through,
video-on-demand, wireless and more. WBDD also oversees
the WBHEG's worldwide digital strategy, partnerships
in digital services and emerging new clients and business
activities in the digital space.
News
2009
With
Time Warner sitting on $7 billion in cash, the
Marvel deal has ignited rumours of a second wave
of consolidation in the media industry. Dream
Works Animation, home of Shrek, is seen as a potential
takeover candidate, as is MGM with its huge library
of classic films. The games firms Electronic Arts
and Take Two Interactive, with its Grand Theft
Auto franchise, are also being touted as potential
buys.
Profile
Warner
Bros. Entertainment, Inc. (also known as Warner
Bros. Pictures, or simply Warner Bros.) is one
of the world's largest producers of film and television
entertainment.
It is a subsidiary of Time Warner, with its headquarters
in Burbank, California and New York City. Warner Bros.
has several subsidiary companies, including Warner
Bros. Studios, Warner Bros. Pictures, Warner Bros.
Interactive Entertainment, Warner Bros. Television,
Warner Bros. Animation, Warner Home Video, TheWB.com
and DC Comics. Warner owns half of The CW Television
Network.
Founded in 1918 by Jewish immigrants from Poland,
Warner Bros. is the third-oldest American movie studio
in continuous operation, after Paramount Pictures,
founded in 1912 as Famous Players, and Universal Studios,
also founded in 1912.
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