Author: CryptoCurrencyNews

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Terraform Labs, a prominent blockchain technology company, has recently agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) amounting to nearly $4.5 billion. This settlement marks one of the largest monetary penalties imposed by the SEC in recent times and underscores the agency’s intensified scrutiny of the cryptocurrency and blockchain sectors.

The settlement stems from allegations that Terraform engaged in fraudulent practices related to its Luna and TerraUSD stablecoin projects. According to the SEC, the company misled investors by providing false information about the stability and security of its digital tokens, which eventually resulted in substantial financial losses for investors.

Gary Gensler, the SEC Chairman, emphasized the importance of this settlement in a recent statement: ‘This action underscores our commitment to protecting investors and ensuring the integrity of our financial markets. Companies operating within the cryptocurrency space must adhere to the same standards as traditional financial institutions.’

The SEC’s investigation revealed that Terraform Labs had made several misleading claims about the stability of its TerraUSD (UST) stablecoin, suggesting that it was fully backed by reserves. In reality, the reserves were insufficient to support the stablecoin’s value, leading to its collapse and significant financial losses for investors.

As part of the settlement, Terraform Labs has neither admitted nor denied the SEC’s allegations but has agreed to pay the substantial penalty to resolve the charges. The funds collected from the settlement will be used to compensate affected investors and support ongoing regulatory efforts to oversee the cryptocurrency market.

In addition to the financial penalty, Terraform Labs has agreed to implement several measures aimed at enhancing transparency and compliance within its operations. These measures include appointing an independent compliance monitor, conducting regular audits of its financial statements, and providing periodic reports to the SEC on its ongoing activities.

Terraform Labs’ CEO, Do Kwon, expressed the company’s commitment to moving forward with a renewed focus on regulatory compliance and investor protection. ‘We are dedicated to rebuilding trust with our stakeholders and ensuring that our operations meet the highest standards of transparency and accountability,’ Kwon stated.

The settlement has sparked a broader discussion within the cryptocurrency community about the need for stricter regulatory oversight and the potential implications for other companies operating in the space. While some industry participants view the settlement as a necessary step towards greater legitimacy and investor protection, others argue that excessive regulation could stifle innovation and growth.

Despite the mixed reactions, it is clear that the SEC’s actions signal a heightened focus on the cryptocurrency sector and a willingness to take significant enforcement actions against companies that fail to comply with regulatory requirements. This development serves as a reminder to firms operating in the cryptocurrency space to prioritize transparency, accountability, and adherence to regulatory standards to avoid similar repercussions.

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Bitcoin (BTC) experienced a brief dip below the $60,000 mark, reflecting the volatile nature of the cryptocurrency market. This fluctuation comes amid significant news from the U.S. Securities and Exchange Commission (SEC), which has decided to end its investigation into Ethereum (ETH). The closure of the investigation has led to various speculations and reactions within the crypto community.

The SEC’s decision to drop the Ethereum probe is seen as a positive development for the broader cryptocurrency market, which has been under intense regulatory scrutiny. The investigation, which aimed to determine whether Ethereum should be classified as a security, had created uncertainty among investors and developers alike. The end of this probe suggests a more favorable regulatory environment for Ethereum, potentially boosting confidence in the cryptocurrency.

Despite the positive news for Ethereum, Bitcoin’s price saw a brief decline. Analysts attribute this dip to several factors, including profit-taking by investors and the natural ebb and flow of market sentiment. Bitcoin has been on a bullish run for most of the year, with its price reaching record highs. However, such rapid gains are often followed by corrections as investors lock in profits.

In addition to the SEC’s decision, the cryptocurrency market is also influenced by other external factors. For instance, macroeconomic trends, such as inflation concerns and central bank policies, play a significant role in shaping market dynamics. The recent dip in Bitcoin’s price could be a reaction to broader economic conditions, as well as specific developments within the crypto space.

Ethereum’s price, on the other hand, has reacted positively to the news of the SEC dropping its investigation. This development could pave the way for further innovation and adoption of Ethereum-based technologies, as regulatory clarity encourages more investment. The Ethereum network, known for its smart contract functionality, is a cornerstone of the decentralized finance (DeFi) movement and various other blockchain applications.

Looking ahead, the cryptocurrency market is likely to continue experiencing volatility. Investors should remain cautious and stay informed about regulatory changes and market trends. While the SEC’s decision is a step forward for Ethereum, the broader regulatory landscape remains complex and evolving. Market participants should be prepared for potential shifts in sentiment and price movements.

Overall, the end of the SEC’s Ethereum investigation is a noteworthy event that underscores the ongoing interplay between regulation and the cryptocurrency market. As the industry matures, regulatory clarity will be crucial in shaping its future trajectory. Investors and stakeholders should monitor these developments closely to navigate the dynamic landscape of digital assets.

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Coinbase, one of the leading cryptocurrency exchanges, has recently filed a lawsuit against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The lawsuit alleges that these regulatory bodies have overstepped their boundaries and imposed unfair regulations on the cryptocurrency market. This legal battle highlights the ongoing tension between the rapidly evolving crypto industry and traditional financial regulators.

The core of Coinbase’s argument is that the SEC and FDIC have not provided clear guidelines for cryptocurrency operations, creating an environment of uncertainty and stifling innovation. Coinbase claims that the lack of regulatory clarity has forced it to navigate a complex and ambiguous legal landscape, which has hindered its ability to expand and innovate.

One of the key points in the lawsuit is the classification of cryptocurrencies. The SEC has taken the stance that many digital assets qualify as securities, subjecting them to stringent regulations. Coinbase argues that this interpretation is overly broad and does not account for the unique characteristics of cryptocurrencies. The exchange is advocating for a more nuanced approach that recognizes the diverse nature of digital assets and provides tailored regulatory frameworks.

In addition to challenging the SEC’s classification of cryptocurrencies, Coinbase is also contesting the FDIC’s actions. The FDIC has been accused of unfairly targeting crypto-related firms by denying them access to essential banking services. Coinbase alleges that the FDIC’s actions have created significant operational challenges for crypto companies, limiting their ability to engage with the traditional financial system.

The outcome of this lawsuit could have far-reaching implications for the cryptocurrency industry. A ruling in favor of Coinbase may lead to more favorable regulatory conditions, encouraging innovation and growth in the sector. Conversely, a decision supporting the SEC and FDIC could reinforce the current regulatory environment, potentially stifling the development of new crypto projects.

Coinbase’s legal battle is part of a broader trend of increasing scrutiny and regulation of the cryptocurrency market by government agencies. As digital assets continue to gain mainstream acceptance, regulators are grappling with how to effectively oversee this new and rapidly changing industry. The case underscores the need for clear and consistent regulatory frameworks that balance the need for consumer protection with the promotion of innovation.

As the lawsuit progresses, industry stakeholders will be closely monitoring developments. The outcome could set a precedent for how cryptocurrencies are regulated in the United States and potentially influence regulatory approaches in other jurisdictions. For investors and companies in the crypto space, the resolution of this legal battle will be crucial in shaping the future of the industry.

Coinbase (NASDAQ:COIN) has positioned itself as a leading advocate for the cryptocurrency industry, and its actions in this lawsuit reflect its commitment to challenging regulatory barriers that hinder the growth of digital assets. The exchange’s willingness to take on powerful regulatory bodies highlights the stakes involved and the potential for significant changes in the regulatory landscape.

In conclusion, Coinbase’s lawsuit against the SEC and FDIC represents a pivotal moment in the ongoing struggle between the cryptocurrency industry and traditional financial regulators. The case emphasizes the need for clear and fair regulations that support innovation while ensuring consumer protection. As the legal battle unfolds, the crypto community and regulatory bodies alike will be watching closely to see how this landmark case shapes the future of the industry.

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FINMA-supervised unit renamed Matrixport Asset Management AG

SINGAPORE, Sept. 30, 2024 /PRNewswire/ — Matrixport, a leading all-in-one crypto financial services hub, today announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG).

Renamed Matrixport Asset Management AG (“MAM”), the Switzerland-based unit is a pioneer in providing institutional-grade crypto investment solutions, managing the first FINMA-approved crypto fund while offering a comprehensive suite of crypto investment products and structuring capabilities.

John Ge, Co-Founder & CEO of Matrixport, said: “We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. The acquisition enables clients access to the most innovative, compliant crypto asset management products, and aligns with our strategy to further expand services in Europe.”

CFAM’s previous head of asset management has been appointed CEO of MAM.

Stefan Schwitter, CEO of Matrixport Asset Management, added: “We are thrilled to join one of the true crypto trailblazers in the digital assets industry. Our complementary strengths will add value to the existing and future client base of Matrixport Group on a global level.”

The integration re-affirms Matrixport’s commitment towards regulatory compliance while strengthening its market leadership in crypto asset management.

Christopher Liu, Matrixport’s Chief Compliance Officer & Head of Regulatory, said: “The acquisition expands our regulatory footprint in Switzerland and reflects our steadfast commitment towards continually collaborating with regulators to review existing regulations and refine virtual assets specific regulations in the years to come.”

The transaction has received all necessary regulatory approvals, including from FINMA, and has been completed.

About Matrixport

Founded in 2019, Matrixport is the world’s leading all-in-one hub for crypto financial services. With $6 billion in AUM (assets under management), Matrixport offers global users with diverse crypto financial solutions designed for optimal capital efficiency and sustainable returns.

Matrixport is licensed in Hong Kong (TCSP and Money Lender), operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ. It was recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and featured in the Hurun “2024 Global Unicorn List.”

For more information, visit: https://www.matrixport.com

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SINGAPORE, Sept. 27, 2024 /PRNewswire/ — OKX, a leading onchain technology company and an Official Primary Partner of the McLaren Formula 1 Team, today released the second installment of its ‘My Fabric’ campaign featuring McLaren F1 driver Oscar Piastri. In the video, the rising star reflects on his journey from young junior driver to his breakthrough success in the pinnacle of motorsport, Formula 1.

OKX’s ‘My Fabric’ campaign showcases the perseverance, resilience and personal experiences that shape extraordinary individuals. In this new episode, Oscar Piastri, in the midst of his second F1 season with McLaren, shares the story of his determination to reach the highest levels of motorsport. Growing up near Melbourne’s Albert Park, Oscar recalls the inspiration that the Australian Grand Prix provided and the sacrifices he made to pursue his dreams.

In the video, Piastri reflects on his early motorsport experience and recalls the challenges he faced moving abroad at a young age in order to chase his F1 dream. Piastri said: “Leaving home at 14 was tough, but my family trusted me to make it happen. Knowing the sacrifices they made, signing that F1 contract was an incredibly special moment.”

The campaign also captures Oscar’s thoughts on his debut win at the Hungarian Grand Prix, a significant milestone in his career: “The win meant a lot to me. It was something I dreamed of as a little kid. I was just very proud of the whole weekend and the performance I had. Hopefully it’s the first of many, but it was a childhood dream ticked off and an unforgettable feeling.”

OKX’s ‘My Fabric’ campaign has also featured stories from global ambassadors, including fellow McLaren F1 driver Lando Norris, and Manchester City football stars Jack Grealish, Rúben Dias and Ederson Santana de Moraes, women’s team star Alex Greenwood, as well as legendary manager Pep Guardiola.  These campaigns underline OKX’s commitment to showcasing the drive and perseverance of individuals who have reached the top of their fields.

In May 2022, OKX and McLaren Racing announced a multi-year partnership that made OKX a Primary Partner of the McLaren Formula 1 Team and McLaren Shadow F1 Sim Racing Team. OKX and McLaren Racing expanded their partnership in January 2024, with the OKX logo featuring on the side pods of the McLaren F1 car livery for 20 races during the 2024 F1 season, in addition to other OKX branding placements on the car. OKX also recently launched a free-to-mint ‘Race Reward‘ digital collectibles (NFT) drop, providing fans with a commemorative artifact from each grand prix.
Learn more at okx.com

ENDS

About OKX

OKX is a technology company with a mission to organize the world’s blockchains and make them more accessible and useful.

We want to create a future that makes our world more efficient, transparent and connected.

OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).

OKX is a brand trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.

Our most well-known products include: The OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures and OKX Institutional Services. To learn more about OKX, download our app or visit: okx.com

Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Service and Risk & Compliance Disclosure. OKX Web3 Wallet and its ancillary services are subject to separate terms of service.

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DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key trends in futures, options, and perpetual contracts.

Following the 50 basis point rate cut on September 18, 2024, both spot and derivatives markets have exhibited positive sentiment. Bitcoin (BTC) and Ethereum (ETH) have seen price increases, while open interest in futures and perpetual swaps remains high. Funding rates have generally been positive, and BTC call open interest has gradually risen. Additionally, the volatility smile has expanded for both BTC and ETH calls, indicating increased investor optimism.

Key Findings from the Report:

• Futures Market: While futures trade volumes have declined, open interest remains resilient, suggesting traders are maintaining their positions.
• Perpetual Swaps: Perpetual swap open interest and trading volumes have remained relatively stable, indicating consistent trader activity.
• Options Market: BTC options activity has favored puts over calls, but open interest for calls is slowly recovering. Implied volatility for short-tenor options has fallen since the Fed’s rate cut, indicating growing bullish sentiment.

Bybit remains committed to providing its users with comprehensive market analysis and tools to help them make informed trading decisions.

For more information and to download the full report, please visit: https://learn.bybit.com/crypto-insights/bybit-x-block-scholescrypto-derivatives-analytics-report-sep-25-2024/

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50  million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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WILLEMSTAD, Curacao, Sept. 27, 2024 /PRNewswire/ — BC.GAME, a leading crypto gaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more.

This event is designed to offer participants an easy entry into the crypto space, providing opportunities for daily wins while keeping participation straightforward and accessible.

Key Highlights of the $BC Mining Rush

Massive Daily Prize Pool: Win Big with Just $1

The $BC Mining Rush features an impressive 50 million $BC daily prize pool. With just a $1 wager, participants can enter the daily prize draw, and larger wagers can boost their share of the winnings. This setup allows players of all experience levels to compete for a portion of the 1 billion $BC total prize pool, maximizing their potential returns.

Pre-Registration for Early Access: Don’t Miss Out

Registration for the event begins on September 24, 2024, and remains open until the event’s conclusion on October 20, 2024. Pre-registering ensures early access and maximizes a player’s chances of winning. Late registrants can still join, but with each passing day, the opportunities to win decrease.

Easy and Accessible Participation

The $BC Mining Rush has simplified the participation process to ensure that both new and seasoned players can easily take part. There are no complicated requirements or technical barriers—users simply place their wagers daily and watch their potential winnings grow. Daily winners will receive their rewards the following day, ensuring a smooth and transparent payout process.

Daily Rewards Structure: A Chance to Win Every Day

Each day of the event offers a fresh opportunity to claim a portion of the 50 million $BC prize pool. The more a player wagers, the greater their share of the daily prize pool. Players’ rewards are based on their percentage of total wagers for that day, making the event as fair as it is rewarding.

How to Join the Rush

Step 1: Register for the $BC Mining Rush on the BC.GAME website, starting September 24, 2024.

Step 2: Place a wager of at least $1 every day from October 1 to October 20, 2024.

Step 3: Watch your rewards grow daily, as the prize pool is distributed to participants each day.

A New Era of Crypto Gaming and Rewards

BC.GAME is known for pushing the boundaries of crypto gaming, and the $BC Mining Rush is no exception. By creating an event that combines ease of use with significant rewards, BC.GAME continues to set the standard for innovative promotions in the crypto space.

“We are thrilled to bring the $BC Mining Rush to our community,” said Jack Dorset, CEO of BC.GAME. “This event is our way of rewarding loyal players while introducing new users to the thrill of crypto gaming with the chance to win big.”

The $BC Mining Rush promises to be a landmark event in the crypto world, offering an unparalleled opportunity for participants to boost their portfolios with substantial rewards. Don’t miss your chance to be part of this exciting giveaway—register now and join the rush.

For more information, visit BC.GAME’s official website and follow them on social media to stay updated on all the latest developments.

About BC.GAME

BC.GAME is a leading online crypto gaming platform offering a wide range of games and sports betting opportunities. Known for its user-friendly interface, robust security, and commitment to innovation, BC.GAME continues to be a top choice for crypto enthusiasts worldwide. With exciting events like the $BC Mining Rush, BC.GAME provides unparalleled opportunities for both gaming and earning within the crypto ecosystem.

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SOURCE BC.GAME

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DUBAI, UAE, Sept. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is delighted to announce a major milestone as its registered user base surpasses 50 million worldwide. This extraordinary achievement underscores Bybit’s rapid growth and solidifies its position as a preferred platform for millions of crypto enthusiasts and traders globally.

Strengthening Global Compliance

Bybit has made significant strides in strengthening its global compliance efforts. The platform has actively engaged with local authorities in key markets such as Dubai, Netherlands, Turkey, and Kazakhstan, fostering collaborative relationships and ensuring adherence to regulatory standards. These initiatives underscore Bybit’s commitment to operating in a transparent and responsible manner.

Leading the Web3 Revolution

Bybit’s commitment to driving Web3 adoption remains unwavering. The platform’s Web3 team has achieved a remarkable feat, expanding its integration to over 130 million wallet addresses across 30+ chains. This expansion demonstrates Bybit’s dedication to providing users with access to a diverse range of decentralized ecosystems and opportunities. In the upcoming World Series of Trading (WSOT), Bybit’s DEX Wave will feature over 100 partners, including prominent names like Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin, and Character X. Traders will have the unique opportunity to explore more than 1 million decentralized tokens, ranging from DeFi projects and GameFi assets to memecoins

Engaging Livestream Events

Bybit has also continued to foster community engagement through its popular livestream events. These interactive sessions offer users valuable insights into trading strategies, market trends, and the evolving crypto landscape. By providing educational content and fostering a sense of community, Bybit has enhanced user experience and driven growth.

Ben Zhou, Co-founder and CEO of Bybit, stated, “Reaching 50 million users represents the trust and enthusiasm of our community. We are grateful for the overwhelming support we have received and remain committed to delivering innovative solutions that enhance our users’ trading experiences. Our Web3 team’s achievements and our ongoing commitment to global compliance demonstrate our dedication to fostering a secure and reliable trading environment.”

Key Highlights:

• 50 Million Users: Bybit has achieved a significant milestone with over 50 million registered users.
• Web3 Leadership: Bybit’s Web3 team has integrated with over 130 million wallet addresses across 30+ chains.
• WSOT 2024: The platform will host the DEX Pro competition, featuring over 100 partners and 1 million+ decentralized tokens.
• Global Compliance: Bybit has strengthened its compliance efforts in a wide array of markets, including Dubai, Netherlands, Turkey, and Kazakhstan.
• Engaging Livestreams: Popular livestream events provide valuable insights and foster community engagement.
• Bybit remains steadfast in its mission to provide a secure, reliable, and user-friendly trading environment while continuously innovating to meet the needs of its vibrant community.

#Bybit /#BybitWeb3 / #Bybit50M

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: media@bybit.com

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Bitcoin, the world’s largest cryptocurrency, recently surged past $63,000, marking a significant milestone in its volatile journey. This rally coincides with the Federal Reserve’s announcement of an interest rate cut, aimed at stimulating the economy during uncertain times.

The cryptocurrency market has been highly reactive to macroeconomic policies, and this latest move by the Fed has further fueled speculation and investment in Bitcoin. The interest rate cut is intended to make borrowing cheaper, thereby encouraging spending and investment. However, it also raises concerns about inflation and the weakening of the U.S. dollar.

The surge in Bitcoin’s price can be attributed to a combination of factors, including increased institutional adoption and growing interest from retail investors. Companies like Tesla (NASDAQ:TSLA) have added Bitcoin to their balance sheets, while payment platforms such as PayPal (NASDAQ:PYPL) have started allowing transactions in cryptocurrencies.

Moreover, the diminishing returns from traditional savings accounts have driven investors to seek alternative stores of value. Bitcoin, often dubbed ‘digital gold,’ has emerged as a popular choice, particularly among younger investors who are more tech-savvy and open to new financial instruments.

Despite its recent gains, Bitcoin remains a highly volatile asset. The cryptocurrency market is infamous for its dramatic price swings, which can be triggered by various factors, including regulatory news, technological advancements, and market sentiment. Investors are advised to exercise caution and conduct thorough research before diving into this nascent market.

Another factor contributing to Bitcoin’s rise is the increasing interest in decentralized finance (DeFi) platforms. These platforms offer financial services such as lending and borrowing without traditional intermediaries, making them highly attractive in an era of increasing distrust in centralized financial institutions.

The global economic landscape also plays a crucial role in Bitcoin’s price movements. As countries grapple with the economic fallout of the COVID-19 pandemic, many are turning to fiscal and monetary policies that could potentially devalue their currencies. In such a scenario, Bitcoin presents itself as a hedge against currency devaluation and economic instability.

Looking ahead, the future of Bitcoin and other cryptocurrencies remains uncertain but promising. Regulatory scrutiny is expected to increase as governments and financial institutions seek to understand and control this rapidly evolving industry. However, the underlying blockchain technology continues to gain traction, with potential applications extending far beyond digital currencies.

In conclusion, Bitcoin’s recent surge past $63,000 is a testament to its growing acceptance and potential as a financial asset. While the road ahead may be fraught with challenges, the resilience and innovative spirit of the cryptocurrency community suggest that Bitcoin is here to stay.

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