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Satoshi Nakamoto: The Robin Hood of the Digital Age, But He Stole from Himself

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Now, let’s talk about Robin Hood, shall we? You know, the dashing lad in tights who gallivanted around Sherwood Forest, robbing the rich to feed the poor? Great story, that. But if you think about it, Robin Hood’s modus operandi was a bit outdated. I mean, why steal from the rich when you can just build your own magical currency and make the rich irrelevant? Enter: Satoshi Nakamoto, the digital age’s answer to Robin Hood… without all the uncomfortable wardrobe choices.

Now, for those of you unfamiliar with Satoshi, he (or she, or they, or possibly your nan—who knows?) is the mysterious creator of Bitcoin. And instead of sticking it to the man by looting gold-filled wagons, Satoshi played the long game: they built a brand-new financial system. A decentralized, peer-to-peer one that doesn’t rely on any one bank, government, or stocky sheriff demanding his cut. How’s that for a 21st-century upgrade?

Here’s the best bit: Satoshi didn’t steal from the rich. Oh no. Too predictable. Too cliché. Instead, Satoshi “stole” from themselves. You see, they could have stuck around to be hailed as the genius creator of Bitcoin—maybe even gotten a cameo on some Netflix documentary, complete with dramatic music and close-ups of keyboard clicks. But they didn’t. Like a modern-day hero with absolutely zero interest in a knighthood (or any “hood,” for that matter), Satoshi just disappeared. Left behind the keys to a financial revolution and ghosted us all faster than someone with bad Wi-Fi on a Zoom call.

And what’s even funnier? The 1.1 million Bitcoin Satoshi mined in the early days are still sitting there. Unmoved. Untouched. Satoshi didn’t even cash out like some reality show contestant after winning a lifetime supply of anonymity. Nope. They just let the fortune pile up like it’s the world’s biggest “Take a penny, leave a penny” jar. Talk about self-control—though, if we’re honest, it’s the ultimate form of trolling, isn’t it? “Here’s a gazillion dollars. But you can’t have it, and neither can I. Ha!”

Now, let’s talk about the Robin Hood parallels. Robin Hood, bless his heart, had the best of intentions, didn’t he? Steal from the bloated, greedy rich, give to the needy poor. What a guy. But have you ever tried stealing from the rich? They’re quite good at hanging onto their stuff—whole legal teams dedicated to it, in fact. So instead of playing that game, Satoshi created a system where everyone could participate—rich, poor, and that guy down the street who always tries to sell you “vintage” VHS tapes. And no one’s the wiser who Satoshi even is. The ultimate “one for all, and all for one” scenario, without the faff of crossbows and merry men.

And that’s where Bitcoin comes in. It’s like Robin Hood’s treasure chest, but with a lot less horseback riding and far more math. Instead of relying on central banks to tell you what you can and can’t do with your own money (cheeky, aren’t they?), Bitcoin puts power back in your hands. You don’t need permission. You don’t need a bank account. Heck, you don’t even need to wear green tights. (Though if you want to wear green tights, go ahead—I’m not here to judge. Much.)

So, while Robin Hood was running around with a bow and arrow, Satoshi gave us all a digital sword. Sure, it’s invisible and runs on blockchain technology rather than actual pointy bits, but it slices through the nonsense of financial gatekeepers just the same. Want to send money to a mate across the globe without paying a middleman? Done. Want to opt out of a system where rich people get richer and the rest of us just watch? Here’s your ticket.

But the pièce de résistance, the true work of genius here? Satoshi didn’t wait around for applause. No book tours, no TED Talks, no Vanity Fair spreads. Just dropped the mic (or laptop, as it were) and disappeared into the digital night like the true anonymous legend they are. Satoshi is the Robin Hood we deserve—and perhaps the one we didn’t even know we needed. The hero who built a financial revolution, didn’t take a single penny for themselves, and vanished.

It’s the kind of modern-day Robin Hood story that makes you think: Why steal from the rich when you can steal from yourself—and give everyone a shot at the loot?

Well played, Satoshi. Well played.


WazirX announces plans to launch DEX amid fallout from record crypto theft

WazirX announced plans to launch a decentralized exchange (DEX) as part of a broader effort to enhance user security.

The move follows a major breach in July, when hackers siphoned $235 million from the platform, sparking concerns over the security of centralized exchanges.

WazirX co-founder Nischal Shetty said the new DEX would operate alongside the existing centralized platform, offering users full control over their assets.

Shetty said during the firm’s fourth townhall:

“With a decentralized exchange, assets remain fully in users’ control, free from counter-party risks.”

He added that the DEX would feature its own token, designed to cover transaction fees and provide a mechanism for community governance. It is scheduled to roll out in early 2025 with a phased approach to onboarding users.

Lazarus hack

The July 2024 hack, attributed to the Lazarus Group, exploited a vulnerability in WazirX’s multi-signature wallet. The attackers funneled stolen funds through Tornado Cash, a privacy tool that conceals transaction histories, creating challenges for investigators.

The breach, which impacted hundreds of thousands of users, was one of the largest in India’s crypto history. In response, WazirX implemented an emergency recovery plan, freezing 45% of users’ account balances by converting them into USDT and allowing only the remaining 55% to be used for trading.

However, the move faced swift backlash from the crypto community and WazirX’s own users, who accused the exchange of forcing losses onto its customers. The response highlighted a growing dissatisfaction with centralized exchanges, as users criticized the exchange’s handling of the situation as “socializing losses.”

To mitigate further fallout, WazirX reversed its initial plan in August, restoring all account balances to their pre-hack levels and nullifying trades made after the incident. The exchange said the reversal was an attempt to create a fair outcome for all users affected by the incident.

Recovery efforts

Efforts to recover the stolen funds have been fraught with challenges, as WazirX and its former custody partner, Liminal, engaged in a public dispute over accountability.

Each party blamed the other for the breach, with WazirX asserting that Liminal failed to uphold security standards and Liminal countering that the exchange’s management practices contributed to the security failure.

The unresolved dispute has left customers in limbo as both companies navigate the aftermath. The plan to launch a DEX represents WazirX’s attempt to regain trust by embracing decentralization as a long-term solution to security risks.

Industry experts believe the shift could signal a broader trend among exchanges to prioritize decentralized models, especially as users grow increasingly cautious about the security of centralized platforms.

The post WazirX announces plans to launch DEX amid fallout from record crypto theft appeared first on CryptoSlate.

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Bitunix Responds to Pro Trader Demand with New Copy Trading Feature

Dubai, United Arab Emirates, November 7th, 2024, Chainwire

Bitunix exchange announced on November 1st that it has launched its Copy Trading Feature. With this tool, Bitunix enables new traders to take their first steps in futures trading by copying experienced traders. The fastest-growing crypto derivatives exchange with this move aims to make involvement in crypto trading as easy as possible for everybody.

According to Dailycoin, crypto copy trading has rapidly grown in popularity among retail investors, offering a way for newcomers to enter the market. Considering that and based on user feedback and analysis of market trends, Bitunix came up with their advanced version of Copy Trading Feature.

This new tool lets users follow experienced traders, automatically replicating their trades in the user’s account, which simplifies trading for newcomers. Both users and traders benefit—traders gain followers and a share of potential earnings, while users can view transparent performance metrics (such as ROI, win rate, and trade size) to choose traders wisely. Traders without followers can also publish trading signals to attract users.

Key Highlights of Bitunix’s Copy Trading Feature

Some of the things that can be highlighted regarding the Bitunix Copy Trading Feature are:

  • One-Click Copy Trading: Users can follow a trusted trader’s strategies with a single click, enabling automated trading for both beginners and pros.
  • Real-Time Data and Transparency: All traders’ historical profit data is available in real-time, helping users make informed choices with clear, transparent information.
  • Personalized Copy Trading: Users can customize copy trading amounts, take profit, and stop-loss settings to match their risk preferences.
  • Become a Lead Trader: Experienced traders can become lead traders, sharing strategies and earning a percentage of followers’ potential earnings.
  • Avatar Selection: Traders can choose from a set of system-provided avatars (custom avatars not supported).

How Much Can a User Invest and What is the Profit-Sharing Fee with the Copied Trader?

Bitunix Copy Trading, has its limits on how much a user can invest and here’s how it works:

  • Fixed Amount Mode: A user can invest anywhere from $10 to $1,000.
  • Proportion Mode: A user can invest between $100 and $100,000.

In Copy Trading, when a user earns from trades they’ve copied, up to 10% of those earnings go to the trader as a profit-sharing fee. Bitunix may adjust this percentage in the future based on trader experience or performance. Currently, each trader can have up to 100 followers, with plans to increase this limit as trader levels evolve.

How Can Users Monitor Their Copy Trades?

The “My Copy Trading” module gives users detailed insights into both active and completed copy trades, including amounts, margin balances, and profit/loss. Users can monitor unlimited ongoing trades in real time (with up to 10 copy trading accounts). It also provides access to the trading positions, profit status, and past records of completed trades for review.

How Can Users detect Top-Performing Traders to Copy?

The trader list is organized to help users find top-performing traders, with rankings based on key metrics like profit and loss, return on investment, win rate, and trade volume. This structured approach makes it easier for users to select traders that best fit their investment goals.

Additionally, users can use a search function to locate specific traders within the list. For those seeking different results, the platform offers flexibility. Users unsatisfied with their current copy trading outcomes can stop following a trader or choose to follow a new one.

How to Participate in Bitunix Copy Trading

Bitunix’s Copy Trading feature simplifies trading in the fast-paced cryptocurrency market, offering an easier start for new traders compared to manual trading. The steps to participate are as follows:

  • Copy Trading Users: Log in to the Bitunix platform via the website or app, navigate to the “Copy Trading” panel, select a lead trader to follow, customize trading parameters, and start automated trading instantly.
  • Lead Traders: Experienced traders can apply to become lead traders on the same page, sharing their strategies and potentially earning through follower engagement.

Bitunix has also recently introduced its multi-window trading feature, aligning with its mission to provide a convenient and feature-rich trading environment.

For detailed steps on how to participate in Bitunix Copy Trading, users can visit this tutorial on their website.

About Bitunix

Bitunix is a global cryptocurrency derivatives exchange founded in 2021, committed to offering simple, secure, transparent, and cost-effective trading services to its users. Bitunix specializes in both spot trading and perpetual futures, with over 250 trading pairs and leverage of up to 125x.

With features such as top-tier liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.

Website | Telegram | X | LinkedIn

ContactCOOKX WUBitunixkx.wu@bitunix.io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Increased demand and heightened volatility signal further upside for Bitcoin – Glassnode

Bitcoin (BTC) soared to a new all-time high on Nov. 6 and is poised for further upside, spurred by significant institutional and retail capital inflows and rising market volatility, according to Glassnode’s latest “Week On-chain” report.

The landmark surge comes amid monthly net capital inflows totaling $2.5 billion, lifting Bitcoin’s market Realized Cap — a key metric indicating net capital investment — by 3.8% over the past 30 days.

The Realized Cap now stands at a record-breaking $656 billion, fueled by fresh capital entering the market.

Options driving volatility

The options market has mirrored Bitcoin’s upward momentum, with open interest levels nearing record highs at $25.2 billion, just shy of the all-time peak of $30.2 billion seen in March.

Meanwhile, options trading volume has also jumped to $2.9 billion, reflecting heightened investor interest in Bitcoin’s future price movements. The report noted that a near-even split between put and call options indicates investors are preparing for both potential gains and downside risks.

The report also highlighted that the volatility risk premium (VRP) now sits at 27.9%, indicating that traders expect substantial price swings ahead. This elevated implied volatility for short-term Bitcoin options reflects a market bracing for turbulent action, a sign that the crypto space may witness further price gains or fluctuations in the days to come.

ETF demand remains strong

Demand for Bitcoin-based ETFs, which have been a significant driver of capital inflows, showed mixed trends this week.

US-listed Bitcoin ETFs saw outflows of nearly $658 million from Nov. 4 to Nov. 5, attributed to investor caution around potential post-election market volatility. However, over $2.2 billion in inflows were recorded over the entire past week, pointing to sustained investor interest in these products as Bitcoin prices surge.

Meanwhile, the ETFs saw significant volume on Nov. 6, with BlackRock’s IBIT recording over $1 billion in trading volume within the first 20 minutes of trading. Analysts believe this could be a sign that the strong inflows from the past week will continue in the coming days.

According to Glassnode, the achievement of a new all-time high could attract more ETF investors, particularly those drawn to Bitcoin’s strong upward momentum.

Pro-Bitcoin Donald Trump Becomes the 47th President of the United States

Donald J. Trump has officially emerged victorious, claiming the presidency for a second time as the 47th President of the United States. With a critical victory in Pennsylvania and a decisive win in Wisconsin, Trump clinched the presidency by surpassing the 270 electoral votes needed to secure his return to the White House. These key battleground states, which were closely contested throughout the campaign, proved pivotal in pushing Trump over the threshold, solidifying his victory.

Trump’s final electoral tally reflects significant support across much of the Midwest and South, with additional wins in states such as Ohio and Florida reinforcing his lead. Vice President Kamala Harris, despite strong performances in traditional Democratic strongholds like California and New York, fell short as Pennsylvania and Wisconsin tipped in favor of Trump, marking the turning point in the race. Trump also garnered a majority of the popular vote, with over 51% (66.7 million votes), signaling a renewed mandate from voters who prioritized his economic policies and focus on deregulation.

A Milestone for Bitcoin in the White House

This election victory also marks the historic inauguration of the first openly pro-Bitcoin president in the United States. During his campaign, Trump included a stop at Bitcoin 2024 in Nashville where he embraced several key promises aimed at Bitcoiners and the broader crypto community, which distinguished him from previous candidates and resonated strongly with advocates of decentralized finance. His stance on Bitcoin showcased an alignment with the values of financial freedom and sovereignty that underpin the broader crypto community. By pledging to protect Bitcoin miners, explore the possibility of a Bitcoin Strategic Reserve, and even vow to commute the sentence of Ross Ulbricht, Trump attracted considerable support from the Bitcoin and crypto voter demographic.

Trump’s promises have not only inspired optimism among Bitcoiners but also highlighted a potential shift in the government’s approach to cryptocurrency. During his campaign, Trump criticized CBDCs as an encroachment on personal financial freedom, signaling his wariness of state-controlled digital currencies. This stance, which aligns with concerns in the Bitcoin community about financial privacy and state overreach, has helped position Trump as a potential ally in the fight against excessive financial control.

Promises to Bitcoiners and the Crypto Community

Among Trump’s most notable commitments to Bitcoiners are several promises that represent a radical departure from previous administrations’ approach to cryptocurrency:

  1. Support for Bitcoin Miners in America: Trump has pledged to protect the burgeoning Bitcoin mining industry within the United States. His commitment to deregulation and support for energy independence aligns with the interests of miners, many of whom rely on stable energy policies and a supportive regulatory environment. This focus could help secure the U.S.’s position as a global leader in Bitcoin mining, fostering economic growth and innovation in blockchain technology.
  2. Bitcoin Strategic Reserve: In a move that would be unprecedented for a sitting president, Trump’s campaign discussed the idea of establishing a Bitcoin Strategic Reserve. Such a reserve could provide a hedge against inflation and currency devaluation, aligning with Bitcoin’s core appeal as “digital gold.” By backing this initiative, Trump has shown an openness to treating Bitcoin as a legitimate asset within the national financial framework.
  3. Pardon for Ross Ulbricht: Trump’s promise to pardon Ross Ulbricht, the founder of Silk Road who is serving a double life sentence, struck a chord within the Bitcoin community. Ulbricht’s imprisonment has long been viewed by many Bitcoiners as a case of excessive punishment, and Trump’s willingness to revisit the issue has further cemented his image as a candidate who values justice reform and personal freedom.
  4. Opposition to Central Bank Digital Currencies (CBDCs): Trump’s campaign included strong opposition to the creation of a Federal Reserve-controlled CBDC, citing concerns about government overreach and loss of individual financial autonomy. Many in the Bitcoin community see CBDCs as antithetical to the principles of decentralized finance. Trump’s alignment with this viewpoint has bolstered his appeal among Bitcoiners who prioritize privacy and freedom from state-controlled monetary systems.
  5. Simplified Tax Code for Digital Assets: While not explicitly part of his campaign, Trump’s emphasis on simplifying tax codes has led many Bitcoiners to speculate that his administration could enact policies to make digital asset taxation less burdensome. By easing the tax reporting process for cryptocurrency holders, Trump’s administration could foster greater adoption and legal clarity for investors.

As Bitcoin adoption is on the rise, Trump’s presidency could mark a pivotal moment for Bitcoin in America. The growing alliance between Bitcoin’s ideals of decentralization and Trump’s policies on economic freedom suggest a promising road for Bitcoin under the next administration. 

  

Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.

The Bitcoin Policy Institute (BPI) released a comprehensive report on how the US could leverage a Bitcoin reserve to bolster its economic stance, counterbalance adversaries, and promote democratic values in a rapidly digitalizing world.

According to BPI, establishing a US Strategic Bitcoin Reserve could achieve several strategic goals. First, it may reinforce monetary stability by adding a non-debt-based, finite asset to the national reserve mix, complementing traditional holdings like gold. Bitcoin’s decentralized nature and fixed supply present a hedge against inflation and currency devaluation. Second, in the context of escalating geopolitical rivalries, a US Bitcoin reserve would allow America to assert leadership in global finance while countering China’s push to build alternative digital finance systems.

Integrating Bitcoin mining with renewable energy aligns with US climate goals, as mining’s time-flexible energy demand could support grid stability and renewable power generation. By incentivizing renewable energy development and reducing peak loads, Bitcoin mining offers a market-driven solution to energy challenges.

However, BPI accepts that concerns about potential risks warrant examination. Critics suggest that a Bitcoin reserve could expose the US to volatility and market manipulation. Yet, proponents argue that volatility reflects Bitcoin’s nascent adoption and that an SBR would not be speculative but serve as a strategic asset in economic resilience. By signaling confidence in Bitcoin, the US could also attract capital from a digitally inclined generation and reinforce global dollarization via Bitcoin-backed stablecoins.

In conclusion, as digital finance reshapes global economic power, BPI believes a Strategic Bitcoin Reserve provides the US an opportunity to reinforce its financial system’s stability, support democratic values, and address energy goals—all without undermining the dollar’s dominance.

AirDAO – Redefining Layer-1 with a Transparent and Accessible Blockchain for All

As blockchain matures, AirDAO is setting itself apart with a mission to bring DeFi to everyone through a highly accessible and transparent Layer 1 blockchain. Built on EVM compatibility, AirDAO combines the security and decentralization of blockchain with a truly user-centered approach.

Today, the AirDAO ecosystem boasts around 12,000 monthly active users and $4 million in total value locked (TVL) across staking and DEX activity. With $7.5 million in recent funding, a community-elected, fully doxxed council, and technical capabilities surpassing many higher-market-cap Layer-1s, AirDAO is uniquely positioned as an undervalued and rapidly growing opportunity.

To accelerate its mission, AirDAO is launching the Star Fleet Initiative, a series of DeFi products designed to simplify access, expand liquidity, and drive user engagement.

What is the Starfleet Initiative?

The Star Fleet Initiative is AirDAO’s growth strategy aimed at driving rapid ecosystem expansion and making DeFi easier and more engaging for users. With three key products—Harbor, Astra, and Kosmos —each launch is crafted to simplify access to DeFi, enhance liquidity options, and incentivize user participation, laying the foundation for long-term, sustainable growth.

Harbor ($HBR), the first presale under the Star Fleet Initiative, is now live and available to early participants. Harbor is AirDAO’s liquid staking platform that rewards users in $AMD and $BOND while allowing them to maintain liquidity on staked assets. With Harbor, users purchase $HBR rather than earn it through staking, adding unique utility by unlocking higher APYs for staking and enabling asset borrowing. This structure promotes a dynamic, long-term relationship within the ecosystem, offering practical benefits to both new and seasoned users.

Astra ($AST) redefines decentralized exchanges (DEX) with its single-sided liquidity feature. Unlike traditional DEXs that require two assets for liquidity, Astra allows users to provide liquidity with just one asset, while AirDAO’s treasury provides the other. This simplification opens up DeFi for users who may be new to the space or want an easier, less asset-intensive way to participate.

Kosmos ($KOS), the final Star Fleet product to launch, is a versatile bond marketplace and launchpad. As a marketplace, it allows users to access early token presales with flexible discounts, making it an ideal entry point for those seeking long-term $AMD positions. 

Additionally, Kosmos functions as a token launchpad, supporting emerging projects and partnerships within the AirDAO ecosystem. Integrated with AirDAO’s treasury, Kosmos conducts buybacks and burns, reinforcing long-term ecosystem stability and adding value for bond token holders.

Together, Harbor, Astra, and Kosmos make the AirDAO ecosystem inclusive and comprehensive. By offering practical utility across staking, liquidity, and token bonding, these products provide a decentralized, user-friendly framework for both new and experienced users. 

How AirDAO Stands Out

AirDAO’s ecosystem offers a range of products that directly address typical obstacles in DeFi, such as complex liquidity requirements and limited staking options, all while remaining a low-market cap opportunity with substantial growth potential. By reducing barriers to entry with accessible tools like Kosmos and Astra, AirDAO brings DeFi within reach for users of all backgrounds and experience levels.

The Star Fleet Initiative is a pathway to sustainable growth. By integrating tools that drive active participation and consistent engagement, AirDAO is setting up a solid foundation for ongoing expansion. As the ecosystem grows, the ambitious targets of 20,000 daily users and $50 million in TVL highlight AirDAO’s dedication to creating lasting value and a meaningful user experience.

A Vision for Accessible Finance

AirDAO envisions a decentralized finance landscape where users from all walks of life can access advanced financial tools without barriers. With high throughput, affordable fees, and seamless EVM compatibility, AirDAO is crafting an interconnected network designed to promote user engagement and create economic opportunity worldwide.

With each new product release under the Star Fleet Initiative, AirDAO is actively transforming the Layer 1 space with an approach centered on transparency, accessibility, and true utility. This model positions AirDAO for rapid growth and ensures that it stands out as a leader in DeFi innovation. As AirDAO’s ecosystem evolves, it offers a unique opportunity for users and investors alike, delivering a platform where transparency, functionality, and meaningful community participation are top priorities.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.