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Bitcoin News
Bitcoinist
1h
168
Image Credit: Bitcoinist
Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz
- Kanye West plans to launch his own cryptocurrency called YZY, aiming for financial independence.
- The YZY token will be used as a form of payment for Yeezy products, allowing direct transfers unattached to traditional payment platforms.
- The token distribution has been delayed, raising speculation about potential issues with the project execution.
- Concerns center around market manipulation, price fluctuations, and the structure's benefit to insiders over regular investors.
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Cryptopotato
3h
169
Image Credit: Cryptopotato
Standard Chartered, Animoca, and HKT to Develop HKD-Pegged Stablecoin
- Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have formed a joint venture to develop a Hong Kong dollar-backed stablecoin.
- The joint venture aims to apply for a license under the Hong Kong Monetary Authority's new regulatory framework and create a secure and compliant stablecoin framework.
- The partnership aligns with Hong Kong's ambition to strengthen its role as a global digital assets hub and boost digital finance adoption.
- In addition to the stablecoin initiative, Hong Kong is considering adding Bitcoin to its fiscal reserves as a hedge against inflation and a store of value.
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TronWeekly
6h
299
Image Credit: TronWeekly
South African Company Becomes First Public Firm in Africa to Hold Bitcoin
- Altvest Capital is set to become the first company in Africa to adopt Bitcoin as its primary treasury reserve asset.
- The firm aims to secure 200 million rand through selling shares to further expand its Bitcoin holdings.
- Altvest Capital entered the crypto market by acquiring one Bitcoin and plans to raise approximately 200 million rand through selling shares to increase its Bitcoin holdings.
- The company views Bitcoin as a valuable asset that can strengthen its treasury and protect against economic uncertainty and the weakening of the South African Rand.
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Newsbtc
8h
282
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Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence
- The Ethereum price dropped after almost $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
- Recent on-chain data suggests that Ethereum's price could still reach $4,000 in this cycle.
- The taker buy/sell ratio of Ethereum has shown a bullish divergence, indicating a potential upward trend.
- If history repeats, Ethereum could rally over 60% from its current price towards the $4,000 mark.
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Cryptopotato
8h
10
Image Credit: Cryptopotato
Binance Pay Transactions Hit $72.4 Billion as Crypto Adoption Accelerates
- The number of Binance Pay users tripled from the previous year, reaching 41.7 million.
- The total transaction volume processed through Binance Pay in 2024 stood at $72.4 billion, a significant increase from $2.5 billion in 2021.
- Stablecoins, particularly Tether (USDT), dominated Binance Pay transactions, accounting for 80% of the total payment volume.
- Binance Pay's expansion aligns with the increasing role of crypto in everyday transactions and the overall growth of the crypto market.
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Bitcoinsensus
8h
272
Image Credit: Bitcoinsensus
Ethereum Reclaims $2,700 Margin After SEC News, XRP Sees Modest Growth
- The SEC dropped its 3-year-long lawsuit against Coinbase, boosting the cryptocurrency market.
- Ethereum reclaimed the $2,700 margin and shows potential for retesting $3,000.
- XRP experienced modest growth with investors cautiously optimistic about Ripple's SEC lawsuit.
- Coinbase's legal win is viewed as a positive sign for Ripple's upcoming legal battle with the SEC.
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Livebitcoinnews
9h
92
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Ethena Labs Confirms No Unrealized PNL Exposure to Bybit
- Ethena Labs assures no unrealized PNL exposure to Bybit after security incident.
- USDe stablecoin fully collateralized and kept off exchanges.
- Initial estimate of exposure at $30 million reduced to zero.
- Ethena's quick response highlights the importance of safe custody solutions in the DeFi space.
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5 Likes
Newsbtc
1h
195
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Dogecoin Price Confirming Final Retest, Here Are The Levels To Watch For A Bullish Breakout
- The Dogecoin price is confirming a final retest before a potential move to the upside.
- Key levels to watch for a bullish breakout are $0.2, $0.5, and $5.
- Analyst predicts a rally to $0.5 and a potential new all-time high of $5.
- Other analysts also suggest that Dogecoin could reach as high as $10 or $3 in this market cycle.
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Stackexchange
1h
82
Image Credit: Stackexchange
Not able to generate correct P2SH-P2WSH address from given redeem script
- The provided redeem script is missing the witness program key, which is necessary to generate a P2SH-P2WSH address.
- Without the witness program key, it is not possible to generate an address starting with '32...'.
- The correct address for the given redeem script is '39C5GaHDocqYVgyCq2TrMfknTL45LPPcKF'.
- To generate the desired P2SH-P2WSH address, the proper witness program key needs to be included in the redeem script.
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Medium
3h
319
Image Credit: Medium
Grok 3 versus Perplexity Deep Research: Who is Satoshi Nakamoto?
- Grok 3 and Perplexity's Deep Research mode were tested to determine the identity of Satoshi Nakamoto, with a focus on claims surrounding Jack Dorsey as a potential candidate.
- Grok 3 analyzed Dorsey's background, technical abilities, and behavioral patterns to assess the likelihood of him being Satoshi Nakamoto.
- Key claims involving timelines, technical ties, geographical clues, behavioral overlaps, and motive were evaluated for Dorsey's candidacy.
- Grok 3 rated the likelihood of Dorsey being Satoshi Nakamoto as 2 out of 10, citing lack of hard evidence and logistical challenges.
- In a separate analysis, Grok 3 evaluated Hal Finney as a top candidate due to his proximity, technical contributions, and linguistic similarities.
- Perplexity's research emphasized Nick Szabo as the most likely Satoshi Nakamoto based on technical precedent and linguistic congruity.
- Szabo received a probability rating of 9/10 from Perplexity, while Hal Finney and Craig Wright received ratings of 3/10 and 1/10 respectively.
- Perplexity's in-depth analysis highlighted Szabo's foundational work in digital currency and linguistic parallels with Satoshi's writings.
- The search for Satoshi Nakamoto remains ongoing, with Szabo emerging as the leading candidate based on accumulated evidence and technical expertise.
- The enduring mystery of Satoshi Nakamoto reinforces Bitcoin's decentralized ethos, with Szabo's contributions aligning closely with the principles of the cryptocurrency.
- ChatGPT provided insight into the challenges of investigating Satoshi's identity, emphasizing the complexity of analyzing writing styles and technical backgrounds.
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Newsbtc
4h
57
Image Credit: Newsbtc
Crypto CEO Calls Start Of The Altcoin Season With A Caveat
- CryptoQuant CEO, Ki Young Ju, has observed a significant surge in altcoin volume on Centralised Exchanges (CEXs), indicating the start of an altcoin season.
- Unlike previous bull market cycles, the altcoin season no longer depends solely on Bitcoin dominance.
- The altcoin volume on CEXs has exceeded that of Bitcoin by 2.71x based on the 90-day Moving Average (MA), signaling a possible onset of altcoin season.
- A crypto analyst has forecasted a final market decline before the potential start of an altcoin season.
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Bitcoinist
6h
176
Image Credit: Bitcoinist
Bitcoin On-Chain Metric Resets To 1.01 — Here’s Why It Could Spark A Rally
- Bitcoin's aSOPR (adjusted Spent Output Profit Ratio) remains at 1.01, indicating that market participants are barely making profits on their transactions.
- Historically, when Bitcoin's aSOPR is above 1.01, it has preceded strong price rallies.
- If the aSOPR holds above 1.01, it would suggest buyer absorption and renewed market confidence in anticipation of a price rally.
- On the other hand, if the aSOPR declines below 1.0, it would mean sellers are offloading BTC at a loss, possibly leading to further downward pressure.
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Newsbtc
6h
279
Image Credit: Newsbtc
Bitcoin Price Suppression Below $100,000 Worries Investors, JPMorgan Analysts Reveal Real Problem
- Bitcoin's price continues to trade under $100,000, raising concerns.
- JPMorgan analysts note a decline in institutional interest in the crypto industry.
- A slowdown in institutional investments is evident, particularly in Bitcoin and Ethereum futures markets.
- Suspicions of market manipulation and allegations of artificial price suppression arise in the crypto community.
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16 Likes
Stackexchange
7h
221
Image Credit: Stackexchange
How to safely spend/burn dust?
- To safely spend/burn dust UTXOs, a recommended approach is to send all accumulated dust to a burn address.
- Create a transaction with all dust UTXOs as inputs and a single output sending all value to a known burn address.
- The issue arises if the total dust amount is below the standard amount/fee threshold, as the transaction will be rejected.
- The best practice is to find a balance between minimizing transaction fees and ensuring the dust UTXOs are completely removed.
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13 Likes
Newsbtc
10h
313
Image Credit: Newsbtc
Bitcoin Bearish Case Emerges – Is A Dump To $73,000 Coming?
- Bitcoin may be approaching a decisive moment with a possible breakdown below key support levels.
- Technical analysis shows Bitcoin fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000.
- A swift break below $93,000 could cause a continued downside move, potentially leading to a decline to the next significant support level around $72,000.
- Bitcoin is currently in a phase of consolidation, with both bullish and bearish scenarios possible.
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