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Bitcoin News
Newsbtc
3w
189
Image Credit: Newsbtc
53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?
- Bitcoin is currently holding above $66,000 and facing resistance at $69,000.
- Over 53% of futures traders on Binance are shorting BTC, indicating indecision in the market.
- Spot investors might take advantage of the dip and start buying Bitcoin, reversing the bearish sentiment.
- BTC's price level at $66,000 will likely determine its direction, with $64,000 as the next target if it fails to hold.
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11 Likes
Medium
3w
193
The Delisting of Monero from Kraken and the Closure of LocalMonero: A Privacy Blow?
- Kraken's decision to delist Monero in several European countries marks a pivotal moment for privacy coins.
- The closure of LocalMonero, a peer-to-peer trading platform for Monero, adds to the challenges faced by privacy-focused cryptocurrencies.
- The emergence of platforms like tethr.org aims to fill the void left by traditional exchanges and peer-to-peer platforms.
- These events highlight the ongoing tension between privacy, regulatory compliance, and technological progression in the crypto world.
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11 Likes
Bitcoinmagazine
3w
246
Prediction Markets Are Pricing In A Trump Victory. This Is Good For Bitcoin
- Prediction markets are pricing in a Trump victory in the upcoming U.S. presidential election.
- Traders are betting on these odds to make money and see signs that show Trump has a solid chance of winning.
- Non-crypto native market predictions platform Kalshi also shows Trump in a massive lead.
- A Trump win would be beneficial for Bitcoin on a regulatory level and price-wise.
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14 Likes
Bitcoinist
3w
401
Image Credit: Bitcoinist
Bitcoin’s Uptober Breakout In Sight: Here Are The Next Potential Critical Levels
- Bitcoin could be gearing up for a breakout to new all-time highs in October.
- Crypto analysts predict a breakout for Bitcoin, with key price level to watch at $71,100.
- Riccio Capital forecasts BTC retesting its all-time high of $74,000 and potentially reaching $79,000.
- Bitcoin experienced a minor setback in its recent uptrend, but trading volume remains high.
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24 Likes
NullTX
3w
127
Image Credit: NullTX
BITCOIN PRICE ANALYSIS & PREDICTION (October 22) – Bitcoin Sees Rejection After Rallying 7% In A Week, Can It Break $70k?
- Bitcoin's price shows signs of bullish recovery after rallying 7% in a week.
- The price reached a critical level and may retrace slightly before resuming bullish.
- Bitcoin experienced price contraction and exhaustion in buying after multiple rejections.
- Bitcoin's immediate resistance is at $70,080, with support levels at $66,500 and $63,600.
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7 Likes
Coinjournal
3w
343
Image Credit: Coinjournal
River introduces Bitcoin interest on cash deposits feature
- River, a US-based Bitcoin exchange provider, has introduced a new feature called 'Bitcoin Interest on Cash'.
- Customers can earn a 3.8% interest on their cash deposits in Bitcoin.
- River has partnered with Lead Bank for FDIC insurance on customer deposits.
- The current Bitcoin price rally makes the 3.8% interest potentially lucrative for customers.
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20 Likes
Bitcoinsensus
3w
370
Image Credit: Bitcoinsensus
Tax Reform: Trump Proposes Major Tax Cuts as Kamala Foccuses on More Tax For The Wealthy
- Donald Trump plans to offer tax relief to over 93 million Americans by extending and deepening the 2017 Tax Cuts and Jobs Act.
- Trump's proposal includes lowering taxes by 15% more than the 2017 Act and reducing taxes on all Social Security benefits to benefit low-income communities.
- On the other hand, Kamala Harris's tax reform focuses on increasing taxes for high-income individuals and expanding tax credits for low-income Americans.
- Both tax reform plans have implications for the economy and may impact the cryptocurrency market differently.
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22 Likes
Coin Telegraph
3w
149
Bitcoin to benefit from rising hashrate, inflation fears, crypto-friendly president
- Bitcoin's upcoming price recovery will be driven by a handful of unique factors.
- Bitcoin dropped 4.1% between Oct. 21 and 22, facing resistance at $69,500.
- The S&P 500's decline since its all-time high likely pushed Bitcoin investors to become more cautious.
- Billionaire hedge fund manager Paul Tudor Jones recommends gold and Bitcoin as the US government follows an inflationary path.
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9 Likes
Cryptonews
3w
436
Image Credit: Cryptonews
Minneapolis Fed Criticises Bitcoin as ‘Useless Piece of Paper’, Citing Risks to Economic Stability
- A recent research paper by the Federal Reserve Bank of Minneapolis suggests Bitcoin and similar assets should be taxed or banned to help governments manage permanent deficits.
- Minneapolis Fed's stance aligns with the European Central Bank's critical views on Bitcoin, aiming to position government debt as the only risk-free security.
- Minneapolis Fed's president Neel Kashkari reiterates scepticism of cryptocurrencies, dismissing them as primary tools for criminal activities.
- Despite criticisms, institutional adoption of cryptocurrencies is rising, with 80% of institutional investors planning to increase their investments following the approval of spot Bitcoin and Ether ETFs.
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26 Likes
Bitcoinchaser
3w
132
Image Credit: Bitcoinchaser
Win Daily with Up To 100 Spooktacular Spins at TrustDice
- TrustDice is offering a Halloween promotion with Spooktacular Spins.
- Players can win up to 100 free spins every day by making a deposit and meeting the minimum wagering requirements.
- The free spins can be used on the games Wild Witches and Hello Win.
- The promotion is available from October 21st to November 4th.
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7 Likes
Bitcoinchaser
3w
52
Image Credit: Bitcoinchaser
Pragmatic Drops & Wins Promotion: Live Mega Roulette on Stake
- Pragmatic Drops & Wins Mega Roulette Madness promotion is running on Stake.
- The promotion offers a chance to win $1,000,000 in random prizes and features the game Live Mega Roulette.
- Live Mega Roulette by Pragmatic Play has Mega Multipliers and offers the opportunity to win up to €500,000.
- To join the promotion, sign up or log in to Stake, deposit funds, and place a real money bet of at least €0.20 on Live Mega Roulette.
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3 Likes
Medium
3w
22
Image Credit: Medium
GRAM Ecosystem is integrating Shards into its platform!
- GRAM Ecosystem, formerly known as GRAMPUS, is integrating Shards SDK into its platform.
- GRAMPUS has launched its Web3 gaming projects with games like Norma in Metaland and Juicy Adventure.
- Norma in Metaland is a reboot of Cooking Adventure, while Juicy Adventure is a free-to-play third-person shooter.
- The partnership with Shards SDK will enhance player interaction and create new opportunities for in-game engagement.
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1 Like
Bitcoinist
3w
229
Image Credit: Bitcoinist
Paul Tudor Jones Points To Bitcoin And Gold As Shields Against US Inflation Threats
- Billionaire hedge fund manager Paul Tudor Jones highlights Bitcoin and gold as shields against US inflation threats.
- Jones warns about the growing threat of inflation and expresses concerns about unchecked government spending.
- He actively invests in Bitcoin and gold, positioning himself long in these assets to hedge against economic uncertainties.
- Jones believes that the US is in its weakest fiscal position since World War II and advocates for diversifying investments into Bitcoin, gold, and equities.
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13 Likes
Zycrypto
3w
92
Image Credit: Zycrypto
Fed President Claims Crypto Is ‘Almost Never’ Used Outside Of Illegal Activity, Gets Schooled By Industry Pundits
- Minneapolis Federal Reserve President Neel Kashkari claims that crypto is mostly used for illegal activities like purchasing drugs.
- Kashkari has a history of criticizing cryptocurrencies, calling them a 'garbage dumpster' and 'fraud, hype, and noise'.
- Crypto community members strongly rebuked Kashkari's statements, highlighting the presence of anti-money laundering policies in legitimate crypto projects.
- Data from Chainalysis shows that only 0.34% of all crypto transactions in 2023 were tied to criminal activity.
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5 Likes
Cryptoslate
3w
176
Image Credit: Cryptoslate
Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire
- MicroStrategy CEO Michael Saylor dismisses the idea of government seizure of Bitcoin and advocates for custodianship through financial institutions over self-custody.
- Saylor believes that self-custody increases the risk of seizure as it often involves individuals who reject regulation, government authority, taxes, and reporting requirements.
- He argues that institutional custodians, unlike self-custody methods like hardware wallets, adhere to legal and tax obligations, reducing the likelihood of government intervention.
- Saylor's comments have sparked backlash from the Bitcoin community, with many criticizing his stance and accusing him of becoming a shill for the government and banking system.
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10 Likes
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