🐂 As part of the Blockchain Life 2024 forum, a raffle for valuable prizes was held among the guests!

Congratulations to the winners, and thank you all for participating!

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🐂 Hong Kong Increases Tax Incentives for Cryptocurrency Investments

🪙 The head of the Hong Kong Treasury announced plans to expand tax incentives for cryptocurrency investments by the end of the year, as well as to issue more licenses for trading platforms.

💬 Christopher Hui, the Secretary for Financial Services and the Treasury, noted that the government aims to make tax incentives available to private funds and family offices, which will help attract interest in the market.

⚡️Since June 2023, Hong Kong has issued three licenses to cryptocurrency exchanges: OSL Exchange, HashKey Exchange, and HKVAX.

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🐂 The price of Bitcoin has increased by nearly 5% over the past 24 hours, surpassing the $71,000 mark for the first time since early June.

🪙 Bitcoin's market capitalization has risen to $1.4 trillion, and its market dominance index has reached 59.78%.

💬 In the past day, the total amount of liquidations for traders betting against Bitcoin has exceeded $88 million. On major cryptocurrency exchanges, the total value of forced liquidations in short positions has surpassed $170 million, affecting more than 68,000 users.

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🐂 The price of Bitcoin has surpassed the $73,000 mark and is approaching its all-time high.

🪙 At the moment, Bitcoin is just a few steps away from the record of $73,777, which was set on March 14 of this year.

💬 On the night of October 29, Bitcoin rose to $70,000, reaching its highest point since the beginning of summer.

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🐂 Blockchain Life 2024: let's recall how one of the key forums in the field of web3, cryptocurrencies, and mining took place.

🪙 This year, Uminers was nominated in two categories: "Company of the Year" and "Distributor of the Year." We won in both nominations!


💬 Our team actively engaged with participants from various countries, shared experiences, and established valuable connections.

⚡️See you at the next Blockchain Life 2025!

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🐂 The cost of mining one BTC reached $49,500 in the second quarter.

🪙 This figure increased to $49,500 in the second quarter, compared to $47,200 in the first quarter. Taking into account depreciation and stock-based compensation, this amount rises to $96,100.

💬 The increase in costs is associated with the rise in mining difficulty and the increase in energy resource prices.

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🐂 Today marks the 16th anniversary of the release of the Bitcoin white paper.

🪙 On October 31, 2008, Satoshi Nakamoto presented a document that became the foundation for Bitcoin and opened a new era in the world of financial technology.

💬 This paper outlined the concept of a peer-to-peer payment system that allows online payments to be made directly between users without the need for intermediaries or trusted third parties.

⚡The Bitcoin network began operating in January 2009, and just two years later, Satoshi Nakamoto disappeared, leaving behind a legacy that sparked a multi-billion-dollar industry.

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🐂 Current price list as of 29.10 for equipment orders

UMINERS — the largest distributor of mining equipment directly from manufacturers.

⚡Direct contracts with manufacturers Bitmain, MicroBT, and Canaan.
⚡Worldwide logistic service.
⚡The lowest prices on the market.
⚡1-year warranty on all equipment from the manufacturer.
⚡Hosting in our data centers on favorable terms.
⚡Personalized approach to each client.
⚡Localization of the company's offices in several countries around the world.

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🐂 The British pension fund invests 3% of its capital in bitcoins

🪙 Employees of the consulting firm Cartwright reported that a British pension fund, the name of which is kept confidential, is investing 3% of its capital in bitcoins.

💬 The management of the pension fund decided to purchase cryptocurrency based on the advice of Cartwright specialists, who noted the high long-term potential of BTC. This view is supported by the fact that over the past five years, bitcoin has appreciated by 634%, while gold, for example, has only increased in price by 81% during the same period.

⚡Notably, it’s not just the investment in bitcoin that stands out, but also the amount of funds that the organization from the UK plans to allocate to cryptocurrency. For instance, the American pension fund "Michigan State Pension System" invested only 0.05% of its managed assets in shares of the ARK 21Shares Bitcoin ETF (ARKB), which amounts to $6.6 million in monetary terms.

💬 Cartwright specialists believe that the situation with bitcoin will mirror what happened with company stocks in the 1970s when pension funds began purchasing securities from various enterprises. Initially, they invested small amounts in firms, but over time, they started allocating substantial portions of their capital to these securities.

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🐂 The price of Bitcoin increased after Trump's election victory.

💬 Donald Trump announced his victory in the U.S. elections, which contributed to the rise of Bitcoin's price to $75,000, setting a new historical record. The previous high of $73,777 was recorded in March 2024 on the largest exchange, Binance, in the USDT pair.

🪙 At the end of May and the beginning of June, the price of Bitcoin was already approaching these levels but could not surpass the March record. On the night of October 29, Bitcoin rose to $70,000, reaching its highest point since early summer, and by the end of the trading day, its value exceeded $73,000—just 1% below the historical maximum.

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🐂 Bitcoin is experiencing a surge fueled by optimism that President-elect Trump will fulfill his commitment to support Bitcoin and the broader cryptocurrency sector.

💬 Republicans have secured control of the Senate, while the situation in the House remains uncertain.

🖇 As the political landscape becomes clearer, Wyoming Republican Senator Cynthia Lummis is asserting that the U.S. will treat Bitcoin as a strategic reserve asset.

💬 During his campaign, Trump vowed that his administration would cease the practice of selling seized Bitcoin on the open market, opting instead to hold it strategically as an investment.

⚡ The President-elect also pledged to dismiss U.S. Securities and Exchange Commission Chair Gary Gensler, eliminate policies that hinder crypto investors and companies from utilizing digital assets, and uphold individuals' rights to own cryptocurrencies in their own wallets.

💬 Bitcoin has reached a new all-time high of $75,883 and is currently trading at $75,758 at the time of this publication.

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🐂 The price of the leading cryptocurrency increased by $13,000 over the week.

💲 On the morning of November 11, the price of Bitcoin (BTC) reached $81,858, according to data from CoinMarketCap. Thus, the first cryptocurrency recorded a new all-time high, rising by 17% over the week.


⚡The Bitcoin rally began on November 5 at the level of $68,000, and since then its value has increased by approximately $13,000. As of 11:00 AM Moscow time on November 11, the price of Bitcoin is around $81,100, reflecting a 2.9% increase over the past 24 hours.

🖇 The rise in Bitcoin's price coincided with Donald Trump's victory in the U.S. presidential elections on November 5 and continued after the Federal Reserve's decision on November 7 to lower the key interest rate by 25 basis points to a range of 4.50–4.75%.

💬 The Fear and Greed Index in the cryptocurrency market fluctuated between 75 and 78 points out of 100 over the past weekend. As of November 11, it also indicates "extreme greed" among market participants, standing at 76 points.

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🪙 Department of Government Efficiency Tokens rally after Trump appoints Musk as head

🐂 The "Department of Government Efficiency" token, featuring a Shiba Inu mascot, has seen a dramatic surge in value, reaching a market cap of $342 million. It rose 90.6% in one day and has increased over 33,000% since its September launch, following endorsements from Elon Musk and Donald Trump.

💬 While not an official agency, this token aims to advise on government reforms and aligns with Trump's "Save America" movement. Musk, appointed as head, emphasizes transparency and public input on wasteful spending. The token's success has led to significant profits for early investors, with one turning a six-figure investment into $12 million in two months.

⚡Dogecoin also experienced a positive, though less dramatic, increase in response to these events.

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