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Bitcoin News
Bitcoinsensus
4w
363
Image Credit: Bitcoinsensus
Ripple Unveils RLUSD Stablecoin for Business Use
- Ripple has launched RLUSD, a stablecoin designed for enterprise use and pegged to the U.S. dollar.
- RLUSD will be available on major exchanges such as Bitstamp, Bitso, and Bullish.
- The stablecoin emphasizes regulatory compliance and financial security.
- Ripple aims for RLUSD to become the gold standard for corporate stablecoins.
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Coinpedia
4w
57
Image Credit: Coinpedia
V3V Ventures ays $1.25M for Telegram username @trade: a strategic investment in the future of digital media
- V3V Ventures acquires the Telegram username @trade for $1.25 million.
- The purchase positions V3V Ventures as a key player in Telegram's ecosystem.
- Owning @trade gives V3V Ventures a strategic advantage in the trading and financial markets sectors.
- V3V Ventures actively develops premium channels into content hubs to attract organic audiences.
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3 Likes
Bitcoinist
4w
274
Image Credit: Bitcoinist
Crypto Influence On 2024 US Presidential Election Bigger Than Expected, Survey Finds
- A recent survey by The Digital Chamber reveals that the influence of cryptocurrencies on the 2024 US presidential election is larger than anticipated.
- Approximately 16% of respondents consider digital assets to be crucial in determining their vote, with 25% of Democrats and 21% of Republicans preferring a pro-crypto candidate.
- Among demographic groups, 40% of Black voters see digital assets as important in deciding their vote, compared to 13% of white voters and 22% of Asian voters.
- The survey also indicates that voters want smart and balanced regulation that protects consumers without stifling innovation.
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16 Likes
Medium
4w
164
The Crypto Money Flow: From Bitcoin to Micro Caps!
- Large Caps: Once Bitcoin has gained momentum and begins stabilizing or showing signs of slower growth, some investors start reallocating profits from BTC into large-cap altcoins (e.g., Ethereum, BNB, Solana).
- Mid Caps: After large caps have made significant gains, attention turns to mid-cap cryptocurrencies. These assets generally offer higher risk and potentially higher reward than large caps, and the capital flowing into them often drives notable price increases as investors chase higher returns.
- Low Caps: As the market becomes more speculative and capital trickles down, investors seek out low-cap cryptocurrencies. These smaller, lesser-known projects can experience substantial gains because their market caps are smaller, so even relatively modest investments can drive their prices up significantly.
- Micro Caps: Finally, towards the peak of the cycle, money flows into micro-cap projects, which are the riskiest and most volatile. Investors who buy into these projects are typically looking for exponential gains, but these projects often have low liquidity and high volatility, meaning the risk of losses is also much higher.
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TheNewsCrypto
4w
399
Image Credit: TheNewsCrypto
Will Bitcoin Break Past $75K by Month End?
- Bitcoin's price has surged by 9% in the past week, reaching a three-month high of $69,000.
- Despite a decline in trading volume, Bitcoin's active addresses have increased by 19%, indicating rising market demand.
- Short positions on Binance indicate expectations of a price drop, but could result in sudden price jumps if Bitcoin moves against the prevailing sentiment.
- With significant net outflows from exchanges and key resistance levels approaching, Bitcoin may experience further price movements and potential surges.
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24 Likes
Newsbtc
4w
381
Image Credit: Newsbtc
POPCAT Nears Breakout Towards New ATH, But Analysts Warn Of Possible Correction
- Popcat, the cat-themed memecoin, is approaching a new all-time high (ATH).
- The cryptocurrency is attempting to reclaim the $1.4 resistance level.
- Some analysts warn of a possible correction towards the monthly opening around $1.01.
- However, other market watchers believe Popcat could surge towards a new ATH and beyond.
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22 Likes
Coinpedia
4w
279
Image Credit: Coinpedia
Why Is the Crypto Market Up Today?
- Bitcoin price climbs past $68k, and Ethereum shows a steady rise.
- Solana and XRP post moderate gains.
- AXS and SAND lead the gainer's list with double-digit growth.
- Institutional interest and ETF inflows driving the market up.
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16 Likes
Coinpedia
4w
439
Image Credit: Coinpedia
Seized Bitcoin Worth $378M Locked: Ireland’s Crime Bureau Missing Private Keys
- Ireland’s Criminal Assets Bureau (CAB) seized $378 million worth of Bitcoin from a convicted drug dealer in 2019.
- The bureau can't access the Bitcoin because the private keys to the wallets are lost.
- The Bitcoin was divided into 12 wallets, with access codes written on a piece of paper stored inside a fishing rod case.
- CAB has recovered other assets but the locked Bitcoin remains a significant hurdle.
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26 Likes
Bitcoinist
4w
31
Image Credit: Bitcoinist
Mastermind Behind Fake Coinbase Website Scheme Sentenced To 5 Years In Prison
- An Indian man named Chirag Tomar has been sentenced to 5 years in prison for running a fake Coinbase website scam.
- Tomar and his co-conspirators stole over $20 million in cryptocurrency over a 2-year period from hundreds of victims.
- They created a spoofed website imitating Coinbase's platform and tricked users into providing their login credentials and authentication information.
- Tomar used the stolen funds to finance a lavish lifestyle, including travel, luxury purchases, and expensive vehicles.
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1 Like
Bitcoinist
4w
306
Image Credit: Bitcoinist
Gold Tops Safe Haven Assets, According To Bank Of America—Can Bitcoin Compete?
- Bank of America analysts consider gold as the top safe haven asset.
- The bank recommends central banks and traders to increase exposure to gold.
- Gold is seen as a better hedge against inflation and volatile currencies compared to Bitcoin.
- Bank of America estimates that gold prices can reach $3,000, driven by fiscal expansion and increased market volatility.
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18 Likes
Newsbtc
4w
239
Image Credit: Newsbtc
Based On Historical Pattern: Dogecoin Is On Track For Over 400% Rally, Analyst Reveals
- Dogecoin (DOGE) may be on track for a massive rally based on its historical pattern.
- Crypto analyst Javon Marks predicts a potential 431% price increase for Dogecoin, supported by a historical falling wedge pattern.
- Recent price performance shows DOGE gaining momentum with a 23% surge in the past 7 days.
- Trader Tardigrade also highlights a shift in Dogecoin's market structure from a downtrend to an uptrend.
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14 Likes
Bitcoinsensus
4w
128
Image Credit: Bitcoinsensus
SEC to Greenlight Spot Bitcoin ETF Options on NYSE and Cboe
- SEC grants accelerated approval for Spot Bitcoin ETFs on NYSE and Cboe.
- Nearly $2 billion inflows recorded for Bitcoin ETFs in a week.
- Nasdaq’s prior approval and Bitcoin’s 16% value increase set positive market expectations.
- The SEC's grant of Accelerated Approval means that the process of listing these assets is gaining priority.
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7 Likes
Bitcoinist
4w
155
Image Credit: Bitcoinist
Bitcoin Short-Term Holders Back In Action As Demand Resumes, Price Spike Looming?
- The demand for Bitcoin among short-term holders has risen, indicating optimism for potential growth.
- Short-term investors are actively buying Bitcoin, reflecting renewed interest from retail holders.
- The Short-Term Holders Supply 30D Change metric has rebounded, suggesting a potential price increase.
- Market experts predict a new all-time high for Bitcoin due to upcoming pivotal events.
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9 Likes
Bitcoinsensus
4w
332
Image Credit: Bitcoinsensus
BlackRock’s Leads the Charge as Bitcoin ETF Inflows Surge by $470 Million
- Bitcoin ETFs saw a significant inflow of $470 million on Thursday, totaling nearly $2 billion for the week.
- BlackRock's iShares Bitcoin Trust ETF (IBIT) led the charge with a $309 million inflow on the last trading day, adding to its total inflow of over $1.07 billion for the week.
- Other spot ETFs, such as Ark and 21Shares' ARKB, Grayscale's GBTC, and Fidelity's FBTC, also recorded significant net inflows on Thursday.
- The surge in Bitcoin ETF inflows reflects increasing confidence in digital assets, driven by improved economic conditions and legal battles favoring crypto firms.
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20 Likes
Coin Telegraph
4w
381
Crypto events turn to regulation and politics as US election looms
- Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.
- Crypto events such as Permissionless III conference and Ripple Swell have focused on regulation and politics.
- Panel discussions included predictions for the November race and its potential impact on the crypto industry.
- Participants noted that digital assets have become a mainstream issue in US politics like never before.
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22 Likes
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