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Bitcoin News
Zycrypto
3w
237
Image Credit: Zycrypto
Bitcoin Moon Time? — Veteran Trader Envisions ‘Most-Anticipated’ BTC Breakout In History
- Bitcoin could be gearing up for a huge breakout that might catalyze a move to new all-time highs based on favorable chart technicals.
- Analyst Peter Brandt suggests that Bitcoin is well-positioned to enter a bull run cycle for the remainder of 2024 and beyond.
- If BTC successfully breaks past the upper trendline of a seven-month inverted expanding triangle, a strong upswing could ensue.
- Despite a recent drop, market participants remain confident about BTC's renewed strength with the upcoming change in administration and policies.
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14 Likes
TheNewsCrypto
3w
206
Image Credit: TheNewsCrypto
Indian Government Debates a Crypto Ban to Emphasize CBDC
- The Indian government is considering a crypto ban and is emphasizing the potential of a Central Bank Digital Currency (CBDC).
- Experts suggested that the Indian CBDC, the Digital rupee, could leverage the advantages offered by other crypto assets.
- The Indian government has shown hostility towards private cryptocurrencies in the past and recently imposed a 30% tax on digital assets.
- While exploring crypto regulations, the Indian government has received a positive response to blockchain technology.
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12 Likes
Bitcoinist
3w
396
Image Credit: Bitcoinist
Metaplanet Secures 10 Billion Yen For Bitcoin Acquisition In Bold Move
- Metaplanet Inc. has raised 10 billion yen through a recent stock sale.
- The funds will be used to support its aggressive Bitcoin acquisition strategy.
- Metaplanet aims to strengthen its Bitcoin reserves as a hedge against Japan's economic troubles.
- The company has already shown success in its Bitcoin acquisition strategy, with impressive stock growth.
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23 Likes
Crypto-News-Flash
3w
378
Image Credit: Crypto-News-Flash
Institutional Investors Now Hold 20% of Bitcoin Spot ETFs
- Institutional ownership of Bitcoin Spot ETFs in the United States has grown, with asset managers holding 193,000 BTC, about 20% of the market.
- This indicates a strong support of Bitcoin by institutional players, highlighting its acceptance as an investment option.
- Spot Bitcoin ETFs offer direct exposure to Bitcoin, increasing market liquidity and improving institutional access to the asset.
- The acceptance of these ETFs by authorities like the U.S. SEC has been important in facilitating their growth.
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22 Likes
Bitcoinist
3w
1.2k
Image Credit: Bitcoinist
Crypto Exchange Scandal: Former-CEO Of Mine Digital Accused Of $1.5M Bitcoin Heist
- Former CEO of Mine Digital, Grant Colthu, is facing fraud charges for allegedly misappropriating a customer's $1.47 million intended for Bitcoin purchase.
- The Australian Securities and Investments Commission (ASIC) alleges that the funds were diverted for other purposes and used to cover liabilities or purchase cryptocurrency for others.
- The accusations come after Mine Digital collapsed in 2022, leaving creditors seeking to recover an estimated $15 million in lost funds.
- Colthu's case has been adjourned to December 16, and he could face a maximum sentence of 20 years if found guilty.
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1 Like
Altcoinbuzz
3w
118
Openmesh Partners With Chainlink
- Openmesh aims to become the decentralized cloud infrastructure for the industry.
- They have a wide network coverage across 172 countries and partnering with prestigious Web2 and Web3 companies.
- Openmesh has announced a partnership with Chainlink to integrate real-world data feeds into their decentralized infrastructure.
- The partnership includes integration with Chainlink's CCIP and allowing users to set up Chainlink nodes on Openmesh with no data storage fees.
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7 Likes
Bitcoinsensus
3w
400
Image Credit: Bitcoinsensus
Tesla Bitcoin: $780M Moved, No Sale Confirmed
- Tesla Bitcoin holdings worth $780M were split into seven new wallets, no sale confirmed
- Largest wallets received over $140M in BTC, sparking online speculation
- Arkham Intelligence suggests the move was routine, not a liquidation
- Despite the wallet movements, Tesla has not sold any of its Bitcoin holdings
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24 Likes
Coinpedia
3w
277
Image Credit: Coinpedia
ECB’s Attack on Bitcoin Backfires! Experts Expose Flawed Analysis
- A group of researchers has strongly criticized the European Central Bank's negative assessment of Bitcoin.
- The researchers argue that Bitcoin's value is determined by scarcity, similar to gold, and that the ECB's allegations are biased.
- Bitcoin has demonstrated exceptional performance and growth potential, outperforming most traditional assets.
- The researchers believe that the ECB's criticism may be driven by a desire to promote Central Bank Digital Currencies (CBDCs).
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16 Likes
Newsbtc
3w
352
Image Credit: Newsbtc
Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know
- A new analysis on Bitcoin's quarterly performance suggests a possible correction on the horizon.
- Fluctuations in Bitcoin's market cap and realized cap signal bullish and bearish trends over time.
- Bitcoin's current market situation parallels the behavior during the 2021 boom, indicating the potential for a major price correction.
- Bitcoin's recent price increase has cooled off, with a current trading price of $66,980.
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21 Likes
Cryptoticker
3w
114
Image Credit: Cryptoticker
Tesla's 11,509 BTC Unmoved Despite Recent Activity, Reports Arkham
- Tesla's large Bitcoin stash of 11,509 BTC remains untouched despite recent wallet movements.
- The movements were just 'wallet rotations' for reorganizing funds, according to analytics firm Arkham.
- Tesla's Bitcoin holdings indicate the company's continued confidence in its investment.
- Tesla's involvement with Bitcoin can have a stabilizing effect on the market and influence corporate adoption of cryptocurrencies.
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6 Likes
Bitcoinchaser
3w
268
Image Credit: Bitcoinchaser
Shuffle’s Intent to Acquire Sherbet: Insights for Users
- Shuffle, a crypto casino and gambling site, has signed a letter of intent to acquire Sherbet, an online crypto casino known for its NFT and BTC betting platform.
- Sherbet's operations will wind down, but users can withdraw their funds within 30 days.
- Controversies surrounding Sherbet's alleged scams, lack of a valid license, and questionable KYC practices have been raised by users.
- Shuffle CEO, Noah Dummet, acknowledged the concerns and assured users that Sherbet's matters are being addressed.
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16 Likes
Coinjournal
3w
136
Image Credit: Coinjournal
Arkham: Tesla still owns $780m in Bitcoin following wallet movement
- Tesla still owns 11,509 Bitcoin despite the wallet movement last week.
- Arkham Intelligence confirms that the Bitcoin is still owned by Tesla and was moved to new wallets.
- Tesla split the 11,509 Bitcoin across seven wallets, with the largest wallet holding 1Fnhp - 2109.3 BTC.
- Tesla remains the third largest publicly traded Bitcoin company, behind MicroStrategy and Marathon Digital Holdings.
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8 Likes
Altcoinbuzz
3w
167
Pump.fun Users Can Now Tokenize Videos
- Pump.fun users can now tokenize videos.
- Tokenizing a video means creating a digital version of it that can be bought, sold, or traded.
- Creators can upload their videos, choose a thumbnail, and customize their token on Pump.fun.
- Tokenizing videos allows creators to share their work, make money, and connect with their audience.
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10 Likes
Coinpedia
3w
299
Image Credit: Coinpedia
Bitcoin Billionaire Michael Saylor Pledges Wealth to Humanity
- MicroStrategy Co-Founder, Michael Saylor, plans to donate his substantial Bitcoin holdings to humanity, inspired by Satoshi Nakamoto.
- MicroStrategy currently holds over 252,220 BTC, consistently increasing its holdings since August 2020.
- Saylor believes that Bitcoin is a reliable store of value and has the potential to solve many of the world's problems.
- Saylor envisions transforming MicroStrategy into a 'Bitcoin Bank' and hopes his philanthropic decision inspires others in the crypto community.
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18 Likes
Zycrypto
3w
193
Image Credit: Zycrypto
Elon Musk’s Tesla Still Owns 11,509 Bitcoin Despite Recent Surprise Shuffle, On-Chain Data Shows
- Tesla, owned by Elon Musk, still owns 11,509 Bitcoins worth over $776.9 million.
- Analytics firm Arkham Intelligence clarified that the recent wallet movements by Tesla were just rotations and the Bitcoin is still owned by the company.
- The coins were moved to new wallets, with test transactions done on each. This suggests strategic wallet rotations rather than selling.
- Speculations arise that the Bitcoin may have been transferred to a crypto custodian, possibly to secure a loan against Bitcoin.
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11 Likes
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