Coin circle news focus:

  • Bitcoin’s market capitalization share jumps to 2-year high, with year-to-date increase of 81%

  • Vitalik Buterin, the founder of Ethereum, expressed concerns about the risks of cryptocurrency and AI

  • FTX scam emails are popping up in an endless stream, creditors need to be careful

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Critical hit chance this week:

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Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.10.22 AM 08:00 ~ 2023.10.23 AM 08:00

Coin News Focus

Bitcoin’s market capitalization share jumps to 2-year high, with year-to-date increase of 81%

According to data from foreign media The Block, Bitcoin’s market capitalization share (Bitcoin Dominance) currently exceeds 49%, setting a new high in more than two years. Starting from around 38% at the beginning of the year, Bitcoin’s market capitalization share has steadily increased, reaching 48.85% on October 21, the highest level observed since April 2021.

In addition to being attributable to the 81% surge in Bitcoin’s price since the beginning of the year, this rise in market capitalization also shows that its gains have outperformed those of other currencies. Rebecca Stevens, an analyst at The Block Research, noted that inflation, geopolitical risks, and increasing partisanship in the U.S. government have investors looking to minimize risks. Coupled with the buzz of Bitcoin spot ETFs, Bitcoin has become the first choice for investors now in the current challenging market environment.

Bitcoin was trading at 29,984 at press time, up 0.3% in the past 24 hours and 10.5% in the past seven days.

 

Vitalik Buterin, the founder of Ethereum, expressed concerns about the risks of cryptocurrency and AI

At a recent event in Farcaster, Ethereum founder Vitalik Buterin expressed his concerns about the future development of cryptocurrencies and AI. He pointed out that the biggest concern at present is that the cryptocurrency industry may fall into a state of stagnation, which may lead to the failure of the protection of online privacy and the concept of open network infrastructure.

When asked what he thinks about most of the time, Vitalik said that he is concerned about issues related to AI, especially the risks that may arise from the rapid development of AI, including AI impersonating humans for verification, and believes that Ethereum may provide As a potential solution to these problems, we hope that social platforms built through blockchain, such as Farcaster and Lens Protocol, will one day become as powerful as Meta.

 

FTX scam emails are popping up in an endless stream, creditors need to be careful

FTX creditors should be aware that many former FTX platform users have stated that they have received fraudulent emails pretending to be from official entities such as FTX Trading, West Realm Shires Services, and FTX EU. Through these emails, scammers pretend to provide an "exclusive opportunity." , claim that you are a priority customer of FTX, and you can now withdraw assets directly from the FTX platform to your own wallet.

At present, during this period when the compensation plan has not yet been fully finalized, FTX users need to remain highly vigilant to guard against online fraud, and strictly verify any notices and guidelines related to asset compensation.

 

Other currency news

  • Binance, the world's largest cryptocurrency exchange, and Visa, a well-known traditional payment provider, have suspended payment cooperation in Europe due to the regulatory environment.