A naukri.com initiative
Bitcoin News
Blockonomi
3w
335
Image Credit: Blockonomi
Bitcoin’s Record-Breaking Climb: Is $70,000 the Next Stop?
- Bitcoin surpassed $69,000, reaching a new high and sparking a market-wide rally
- Altcoins and ETH layer 2 tokens saw significant gains
- Total crypto market cap increased to $2.5 trillion
- Institutional interest in Bitcoin ETFs and the upcoming US election are seen as bullish catalysts
Read Full Article
20 Likes
Newsbtc
3w
75
Image Credit: Newsbtc
Ethereum Holders On The Rise: Accumulation Addresses Double Since January 2024—Report
- The number of Ethereum accumulation addresses has doubled since January 2024, with 19 million ETH now held in long-term addresses.
- This surge indicates growing faith in Ethereum's future and is fueled by factors such as the approval of spot Ethereum exchange-traded funds (ETFs) by the US SEC.
- Ethereum staking has also contributed to the decrease in available tokens for trading, leading to potential price growth and reduced volatility.
- The current price of ETH is above $2,700, and the long-term outlook for Ethereum appears promising.
Read Full Article
4 Likes
Crypto-News-Flash
3w
176
Image Credit: Crypto-News-Flash
ECB Claims Bitcoin Growth Is Hurting Social Wealth Distribution
- The European Central Bank (ECB) claims that the rising price of Bitcoin benefits early adopters, leading to wealth inequality and social instability.
- Bitcoin's original goal as a global payment system has failed due to slow transactions and high costs.
- The ECB warns that the redistribution of wealth caused by Bitcoin could have severe social repercussions and endanger societal stability.
- The ECB also criticizes Bitcoin for becoming a speculative asset and blames celebrities and influencers for fueling speculative bubbles.
Read Full Article
10 Likes
Bitcoinist
3w
568
Image Credit: Bitcoinist
Binance Executive Too Sick For Court, Nigerian Trial Postponed
- The trial of Binance executive Tigran Gambaryan in Nigeria has been postponed as he is too sick to appear in court.
- Gambaryan's health condition has deteriorated sharply since his detention in April.
- The trial has been rescheduled for October 25th to allow Gambaryan to seek medical treatment.
- He is facing a $35-million money laundering case and his wife has appealed for his temporary release due to his worsening condition.
Read Full Article
3 Likes
Bitcoinist
3w
362
Image Credit: Bitcoinist
ECB Paper Is A ‘Declaration Of War’ Against Bitcoin, Warns Expert
- Prominent analyst Tuur Demeester has labeled the ECB’s new publication as a “true declaration of war” against Bitcoin.
- The authors of the paper addressed BTC's appreciative value against the economy's productive capacity.
- Tuur Demeester, a long-time BTC analyst and board member at the Texas Bitcoin Foundation, has been at the forefront of this backlash.
- Rather than praising Bitcoin as a tech paradigm shift à la petroleum and the internet, the authors introduce the luddite argument that 'early adopters' increase their real wealth and consumption at the expense of latecomers.
- Demeester condemns the ECB for what he sees as an aggressive and unfounded approach to regulating BTC, arguing that such measures are indicative of a broader agenda to undermine decentralized financial systems.
- Marc van der Chijs, a Dutch global investor, echoes Demeester’s concerns, highlighting a series of regulatory measures across Europe that are increasingly hostile towards investors.
- Dennis Porter, CEO and co-founder of Satoshi Act Fund, announced plans to formulate a comprehensive rebuttal for ECB's contentious publication.
- Porter confirmed that multiple co-authors are contributing to the rebuttal paper.
- BTC traded at $69,005 at the time of publication.
Read Full Article
21 Likes
Coinpedia
3w
128
Image Credit: Coinpedia
Crypto Prices Today (Oct 21st, 2024): Bitcoin Surges to $69k, SOL at $170, APE Pumps 100%!
- Open interest in Bitcoin derivatives hit a record $40.5B as Bitcoin price approaches $70k.
- Solana rallies a 6.59% rise in 24 hours, solidifying its position as a top-performing altcoin.
- Apecoin surged 100% following the launch of the Apechain network.
- Aerodrome Finance fell 2.05% and Litecoin declined 0.87%.
Read Full Article
7 Likes
Medium
3w
693
Image Credit: Medium
GOAT Meme Coin Makes Truth Terminal a first AI Crypto Millionaire
- The rise of Truth Terminal, an AI chatbot, has captured significant attention as it recently became the first AI crypto millionaire.
- Truth Terminal operates autonomously, managing its Twitter account and generating content independently.
- The project gained traction when venture capitalist Marc Andreessen donated $50,000 in Bitcoin, sparking interest in launching the GOAT meme coin.
- Despite not launching the token itself, Truth Terminal's advertising contributed to the market rally, increasing the value of GOAT to over $400 million.
Read Full Article
9 Likes
TechJuice
3w
61
Image Credit: TechJuice
NFT sales skyrocket to $93M as Ethereum surpasses Bitcoin
- Sales of NFTs have reached $93 million, with a 22.5% weekly increase.
- Ethereum's NFT sales volume surpassed Bitcoin's, reaching $33.4 million.
- The number of NFT buyers nearly doubled, reaching 494,666 from 263,804.
- DMarket remains at the top with $5.2 million in sales, followed by Ordinals collection.
Read Full Article
3 Likes
TheNewsCrypto
3w
216
Image Credit: TheNewsCrypto
Bitcoin Teases $69K Briefly As Bull Run Establishes Its Dominance
- Bitcoin briefly hit $69,000 before reverting to $68K level
- Bitcoin's daily trading volume surged by 66.16%
- Analysts predict Bitcoin to hit a new high of $78K
- Other cryptocurrencies such as Ethereum, Solana, XRP, and TON also show bullish candles
Read Full Article
13 Likes
Newsbtc
3w
402
Image Credit: Newsbtc
Dogecoin (DOGE) Sets Sights on $0.150: Will The Rally Take Off?
- Dogecoin (DOGE) is showing positive signs and aiming to clear the $0.1450 resistance level against the US Dollar.
- DOGE price has started a fresh increase and is trading above the $0.1350 level and the 100-hourly simple moving average.
- A key bullish trend line is forming with support at $0.1420, indicating potential further gains.
- If the price surpasses the $0.1480 resistance, it might head towards $0.1520 and $0.1550 levels.
Read Full Article
24 Likes
Cryptonews
3w
225
Image Credit: Cryptonews
ECB Paper Claims Bitcoin’s Price Rise Favours Early Holders, Poses Risk to Social Stability
- Bitcoin has failed as a payments system and is a threat to global economy and social stability, warns a European Central Bank (ECB) paper.
- The report argued that Bitcoin is a non-productive asset that has no intrinsic worth attracting only investors seeking a safe haven from fiat currencies.
- It warns that there is no real logic to it that offers a true logical basis for Bitcoin’s value.
- It posits that Bitcoin is now simply being used primarily as a store of value, allowing early adopters to accumulate a huge amount of wealth at the expense of non-holders and late-comers.
- The report argues that Bitcoin could lead to significant redistribution of wealth from late adopters to early adopters.
- As a consequence, the wealth effects on early adopters come at the expense of consumption of the rest of society, thereby resulting in social and economic instability, said the report.
- The paper, it says Bitcoin prices should be prevented from rising or ‘controlled’, urging policy-makers to control its price.
- Governments should implement policies aimed at killing Bitcoin or at least preventing it from continuing to increase in value, in an effort to prevent what it claims could be a large-scale and harmful redistribution of wealth.
- However, critics say the paper is misleading, as it fails to recognise that strong inflation of fiat currencies has limited their power over time.
- Bitcoin’s architect intended for the cryptocurrency to be used as a store of value, with hedge funds and Wall Street institutions investing enormously in BTC in 2020.
Read Full Article
13 Likes
Cryptonews
3w
0
Image Credit: Cryptonews
Greed Returns to Crypto as Analysts Call for Bull Run Into ‘Uncharted Territory’
- Bitcoin approaches US$70k, marking a 10.68% increase this week.
- Dogecoin emerges as the top performer with a 30% weekly surge.
- Crypto Fear & Greed Index reaches the highest level in October, indicating a greed-driven market.
- Analysts believe Bitcoin may enter uncharted territory driven by retail and institutional interest.
Read Full Article
Like
Newsbtc
3w
336
Image Credit: Newsbtc
As Bitcoin Climbs, Can XRP Price Catch The Wave?
- XRP price is consolidating above the $0.5380 zone.
- There was a break above a connecting bearish trend line with resistance at $0.5420.
- The price might face resistance near the $0.550 level or the 50% Fib retracement level.
- If XRP fails to clear the $0.5550 resistance zone, it could start another decline.
Read Full Article
20 Likes
Cryptonews
3w
110
Image Credit: Cryptonews
US Spot Bitcoin ETFs Hit Record Week, Adding $2.1 Billion in BTC
- Bitcoin and other cryptocurrencies see notable gains, boosted by record inflows into Spot Bitcoin ETFs totalling over US$2.1 billion last week.
- BlackRock’s IBIT stands out, contributing more than half of the inflows.
- Monday recorded the highest daily inflow for the ETFs, with significant contributions from Fidelity’s FBTC and Bitwise’s BITB.
- The rapid growth of Bitcoin ETFs outpaces that of gold, achieving milestones in 10 months that took gold ETFs five years.
Read Full Article
6 Likes
Newsbtc
3w
190
Image Credit: Newsbtc
XRP Could Skyrocket Over 4,000%, Analyst Forecasts Price Hitting $27
- An analyst predicts that XRP could see significant price increases, with price targets of $6.40 and $27.
- The forecast is based on historical price actions and backed by technical analysis and liquidity assessments.
- The XRP community remains resilient and optimistic about the long-term potential of the cryptocurrency.
- There is a call for better cryptocurrency regulations to drive XRP acceptance and prepare for practical adoption.
Read Full Article
11 Likes
For uninterrupted reading, download the app