DeFi News Daily Official TheBitTimes.com

1. Bitcoin White Paper’s 16th Anniversary on October 31 link October 31 marks the 16th anniversary of the Bitcoin whitepaper’s release. On this date in 2008, Bitcoin’s mysterious and anonymous creator, Satoshi Nakamoto, introduced the world to this cryptocurrency and its applications. The nine-page paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” laid out the foundational structure of the Bitcoin network. 2. CZ Attends Binance Blockchain Week, Expresses No Interest in Returning as CEO link On Thursday, CZ made an appearance at the Binance Blockchain Week event and delivered a keynote speech. He stated that he has no intention of returning to his role as Binance CEO and is currently focused on two main areas: education and investment. His investments span blockchain, AI, and life sciences. CZ also shared that life in detention was “not good,” as he had no freedom, but he gained new perspectives. He humorously noted that some guards asked him which cryptocurrencies to buy...

According to crypto Analysis firm IntoTheBlock, Dogecoin (DOGE) whales have been stacking up on the meme coin over the last few days. According to the platform, whales increased their inflow from 46.25 million to 493.15 million DOGE on Sept. 11. The rise represents an increase of about 970%. Source: IntoTheBlock Also Read: Cryptocurrency: This Coin Spiked 6,000% in Just 1 Year Whale Accumulation And Market Impact IntoTheBlock data shows that 62% of DOGE’s supply is held by large wallets, causing price swings in the event of whale accumulations and sell-offs. The platform also notes that 70% of DOGE holders are in profit, 26% are sitting on losses, and 3% are even. Source: IntoTheBlock Why Are DOGE Whales Buying? Source – Bitcoinist The latest accumulation trend could be due to Elon Musk’s recent comment about being the “Dogefather.” Musk is an avid Dogecoin (DOGE) fan and has never stopped supporting the meme coin. Musk’s comments have often led to s...

The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable. A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price , with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement. On May 2, Srinivasan, the former chief technology officer at Coinbase, said the bet had been “closed out by mutual agreement” 45 days ahead of time. As a settlement, Srinivasan paid pseudonymous Twitter user and self-titled “hyperinflation doubter” James Medlock $500,000, donated $500,000 to Bitcoin Core developers and gave an additional $500,000 to the non-profit charity Give Directly. I just burned a million to tell you they're printing trillions. pic.twitter.com/pX5622rjUO — Balaji (@balajis) May 2, 2023 “I settled the bet ahead of time and donated even more than I had committed,” Srinivasan tweeted. “I’m not in the habit o...