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Bitcoin News
Bitcoinist
3w
334
Image Credit: Bitcoinist
Tokenization Unstoppable: Mega Whale Holds 3 Tons of Gold Onchain
- A wallet holds over $250 million in Tether Gold, which is approximately 3 tons of gold.
- The owner of the tokenized gold stash remains unknown, but it is speculated to belong to RhinoFi.
- Tokenization of assets, including gold, real estate, and treasuries, is gaining traction.
- BlackRock has tokenized over $2.4 billion worth of United States treasuries and manages over $550 million of tokenized treasuries.
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Altcoinbuzz
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317
Earn 3.8% in Bitcoin on Cash Deposits with River
- River is offering a new way to earn interest on cash deposits with a 3.8% interest rate paid in Bitcoin.
- Traditional savings accounts offer low returns that don't keep up with inflation, but River's offer allows for potential growth with Bitcoin's price performance.
- The offer provides flexibility and transparency, allowing users to withdraw cash anytime, with FDIC insurance and no hidden fees or account minimums.
- To get started, users need to connect their bank account to their River account and introduce money, after which they can start earning 3.8% interest in Bitcoin.
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Altcoinbuzz
3w
242
Solana Launches Elmnts: Institutional Investment in Gas Royalties
- Solana has launched Elmnts, a platform that allows institutional investment in funds backed by oil and gas royalties.
- Elmnts enables investment in income generated from oil and gas extraction on land.
- The platform aims to attract institutional investors and provide compliant investment opportunities.
- Elmnts plans to expand its offerings to retail investors and is built on the Solana blockchain for fast and secure transactions.
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NullTX
3w
246
Image Credit: NullTX
Bitcoin Surges 11% As Institutional Investments Fuel Price Rally
- Bitcoin's price surged 11% last week, reaching $69,000 and approaching its all-time high.
- The rally is potentially influenced by seasonal patterns observed in previous Q4 periods.
- Institutional investors, such as BlackRock, are driving the price rally with significant inflows into Spot Bitcoin ETFs.
- Bitcoin futures traders on Binance remain bearish, with over 50% of them shorting Bitcoin.
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Altcoinbuzz
3w
44
Buenos Aires Launches World’s First ZK Digital Identity System
- Buenos Aires has launched the world's first ZK digital identity system.
- The system allows citizens to prove their identity without exposing personal information.
- With the ZK-backed system integrated into the miBA app, citizens can access important documents while keeping their personal information safe.
- This move by Buenos Aires sets an example for other governments in terms of providing security and freedom to their citizens.
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Altcoinbuzz
3w
66
Solana Reaches Record High Economic Activity
- Solana reached its highest-ever level of real economic value activity, totaling $36.8 million.
- The increase in economic activity is attributed to a surge in priority fees and Jito tips.
- Priority fees, extra payments made by users to expedite transactions, increased from $8.3 million to $15.2 million.
- Jito tips, used to ensure smooth processing of transactions, rose from $10.3 million to $20.1 million.
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Coinpedia
3w
273
Image Credit: Coinpedia
Metaplanet Inc. Doubles Bitcoin Strategy After $67 Million Share Sale
- Metaplanet Inc. has successfully raised over ¥10 billion through a stock acquisition rights program to double down on its Bitcoin strategy.
- The company plans to acquire more Bitcoins to strengthen its balance sheet, aiming to hold more than 1,600 Bitcoins.
- Metaplanet's stock has surged over 550% year-to-date, following Metaplanet's Bitcoin strategy.
- MicroStrategy's aggressive accumulation strategy has set a standard for other companies entering the cryptocurrency space.
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Altcoinbuzz
3w
220
Multimillionaire Paul Tudor Jones: “I’m Investing in Bitcoin”
- Billionaire hedge fund manager Paul Tudor Jones announces he is investing in Bitcoin and gold.
- Jones believes that both gold and Bitcoin will increase in value over time.
- Gold is considered a safe haven asset, while Bitcoin is seen as a potential future digital gold.
- Bitcoin's decentralized nature makes it attractive for investors as it is not tied to any specific country's economy.
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Coinpedia
3w
35
Image Credit: Coinpedia
Bitcoin (BTC) Price to Close Uptober With a Pullback to $65k?
- The crypto market has recorded a drop of 1.77% in the past 24 hours.
- Bitcoin price has displayed a neutral trend over the past week.
- Bitcoin price may retest its important resistance level of $69,000.
- If bearish sentiment intensifies, Bitcoin could plunge towards its lower support level of $62,000.
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Newsbtc
3w
114
Image Credit: Newsbtc
XRP Transactions Fall, But Active Wallets And DeFi Liquidity Tell A Different Story
- XRP transactions show a decline in NFT activity and a rise in DEX volume.
- Total transactions on the network fell, but the number of active wallets increased.
- Decentralized exchange volume on the XRP Ledger increased, indicating interest in DeFi solutions.
- AMM liquidity on the XRP Ledger saw significant growth, reflecting confidence in liquidity pools.
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Altcoinbuzz
3w
198
Memecoin Research: How to Identify a Good Memecoin – Part 1
- Memecoins, characterized by little to no utility or value-add to the crypto space, are gaining popularity due to their community-led nature, low trading costs, and celebrity endorsements.
- To identify good memecoins, consider factors such as a strong community and cult following, even token distribution, increasing token holders over time, high volume and liquidity, and a history of survival through dumps.
- It's important to exercise caution and conduct thorough research before investing in memecoins or any high-risk cryptocurrencies.
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Tokenhell
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101
Dogecoin ETF Approval Could Trigger Surge—Is $1 Now Possible?
- The potential approval of a Dogecoin (DOGE) Exchange-Traded Fund (ETF) could dramatically influence the price of DOGE.
- Increased institutional demand via DOGE ETF could make $1 target more realistic for Dogecoin investors.
- Dogecoin's community-driven hype and potential ETF approval may push it toward becoming the third largest crypto.
- The approval of a DOGE ETF could introduce greater market liquidity and stability for Dogecoin.
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TheNewsCrypto
3w
295
Image Credit: TheNewsCrypto
Can Bitcoin Overcome Resistance After Falling to $67K?
- Bitcoin retreats to the $67K range after reaching a weekly high of $69,450.
- Tesla holds over 11,509 BTC, valued at $772 million, while MicroStrategy owns 252,220 BTC worth approximately $9.91 billion.
- Bitcoin attempts to recover, climbing back to $67K after hitting an intraday low of $66,612.
- Institutional involvement in Bitcoin increases, with growing miner activity indicated by the all-time high hashrate.
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Cryptoslate
3w
550
Image Credit: Cryptoslate
Core Scientific’s AI deal fuels $8.7 billion revenue forecast, shares rise
- Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years.
- CoreWeave secured an additional 120 MW of hosting capacity for its High-Performance Computing (HPC) operations.
- The contract extension is expected to contribute $2 billion in additional revenue, making a total of $8.7 billion in cumulative revenue.
- Core Scientific's stock (CORZ) surged 5.1% to $13.48 following the announcement.
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Zycrypto
3w
849
Image Credit: Zycrypto
Billionaire Michael Saylor Says He Plans To Give Away His Bitcoin Fortune, Following In Satoshi’s Footsteps
- Michael Saylor, the Executive Chairman of Nasdaq-listed Bitcoin development company MicroStrategy, plans to leave his Bitcoin wealth for the betterment of civilization like Satoshi Nakamoto.
- Saylor believes Bitcoin is the future of economics and compares it to steel and electricity, providing a strong foundation for the economy.
- He emphasizes the resilience of Bitcoin compared to traditional fiat currencies, highlighting the importance of an asset that doesn't degrade over time.
- Under Saylor's leadership, MicroStrategy has aggressively accumulated Bitcoin, currently holding 252,200 BTC worth approximately $16.9 billion.
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