Crypto News - 11 October 2024

Crypto News - 11 October 2024

Oct 11, 2024

HBO’s new documentary “Money Electric: The Bitcoin Mystery” that aired on Monday claims to have revealed the true identity of Bitcoin’s creator, Satoshi Nakamoto as Peter Todd who took to X to deny the claim.

There has been intense debate over who the real Satoshi Nakamoto is over the last decade, considering they hold as much as 1.1 million Bitcoin, which would be worth about $70 billion.

Bitcoin is up almost 2% this week despite three days of BTC ETF outflows. US CPI data came in hotter than expected with inflation falling for the sixth month in a row in September hitting 2.4%, just above the 2.3% estimate.

Looking at our top gainers chart this week Ethereum is out performing almost all other tokens that we cover. Some users may have noticed that Ethereum network fees have increased substantially this week pushing more users to transact on Layer-2 solutions such as Optimism or Base.

Yesterday, Uniswap, which is one of the worlds largest decentralized exchanges, announced their brand new Layer-2 solution called Unichain - essentially a Dapp Chain or a blockchain dedicated to one app. The new blockchain is part of the ever expanding Optimism Superchain which is advancing interoperability between Layer-2 blockchains including Metal L2 from the Metal DAO.

Are you curious about experimenting with Dapps on other blockchains? Use the Superbridge app to swap ETH and USDC between Ethereum and L2 networks like Base, OP Mainnet and Metal L2.

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.