A naukri.com initiative
Bitcoin News
TronWeekly
4w
293
Image Credit: TronWeekly
Survey 2024: 7.5% Use Bitcoin in El Salvador, Only 1.3% See It as a Solution
- Only 7.5% of Salvadorans use cryptocurrencies, while 58% strongly support President Nayib Bukele.
- 66.8% of respondents pointed to rising food costs as their biggest financial concern.
- 52.4% believe education should be the country’s main focus, with only 1.3% supporting Bitcoin.
- The survey suggests that President Bukele's push for Bitcoin may not align with the immediate needs and desires of the Salvadoran people.
Read Full Article
17 Likes
Bravenewcoin
4w
427
Image Credit: Bravenewcoin
Tesla Transfers $765 Million in Bitcoin to Unknown Wallets For Reasons Unknown
- Tesla has transferred its entire Bitcoin holdings worth $765 million to unidentified wallets, raising speculation about its future approach to cryptocurrency.
- The transfer involved 11,500 Bitcoin moved in 26 separate transactions, not linked to cryptocurrency exchanges.
- Tesla's Bitcoin wallet had been inactive since June 2022, and this transfer marks the first major activity.
- Tesla's upcoming Q3 financial report and Elon Musk's affinity towards Dogecoin have also sparked curiosity about the company's cryptocurrency strategy.
Read Full Article
25 Likes
TheNewsCrypto
4w
44
Image Credit: TheNewsCrypto
Hermetica Completes $1.7M Seed Round to Boost Bitcoin DeFi with USDh
- Hermetica, the company behind USDh, has successfully closed its $1.7 million seed funding round.
- Key backers of the funding round include strategic angels and notable investors such as UTXO Management, CMS Holdings, Ethos Fund, and Trust Machines SPV.
- The funding will support the expansion of USDh's integrations across the Bitcoin ecosystem, including off-exchange settlement solutions and institutional-grade custodian collaborations.
- Hermetica aims to provide a safe and decentralized substitute for traditional fiat-backed stablecoins, with USDh offering a yield-bearing synthetic dollar backed by Bitcoin.
Read Full Article
2 Likes
Bitcoinik
4w
187
Image Credit: Bitcoinik
Survey Reveals 58% Strong Support for El Salvador’s President, But Only 1.3% Back Bitcoin
- A survey conducted by the University of Francisco Gavidia in El Salvador found that only 7.5% of respondents use cryptocurrencies for transactions, while 92% do not.
- Only 1.3% of respondents believe that Bitcoin should be the focus of the country's future.
- Despite low support for Bitcoin adoption, 58% of respondents strongly support President Nayib Bukele.
- The International Monetary Fund (IMF) has requested El Salvador to limit its Bitcoin adoption strategies, but President Bukele has ignored such requests.
Read Full Article
11 Likes
Coin Telegraph
4w
89
Pennsylvania, Wisconsin drive surge in crypto interest among swing states
- Crypto interest has surged in three of the top five swing states since 2020.
- Pennsylvania and Wisconsin have seen the fourth- and fifth-largest increases in cryptocurrency search interest.
- Other swing states like Michigan and Georgia have also experienced a surge in cryptocurrency queries.
- Arizona and Nevada have seen a moderate decline in crypto interest since 2020.
Read Full Article
5 Likes
Siliconangle
4w
75
Image Credit: Siliconangle
Blockstream raises $210M to boost bitcoin blockchain layer 2 scaling technology
- Bitcoin and blockchain infrastructure company Blockstream Corp Inc., has raised $210 million in new funding.
- The funding will be used to expand the development and adoption of Blockstream's bitcoin layer 2 technology.
- Blockstream's Liquid Network provides faster transactions, confidential transactions, and greater scalability to the bitcoin blockchain.
- More than $1.8 billion in assets have been issued on the Liquid Network since its launch in 2018.
Read Full Article
4 Likes
Zycrypto
4w
325
Image Credit: Zycrypto
Is Elon Musk Dumping Bitcoin? Tesla Moves Entire $765 Million BTC Stash To Unknown Wallets
- Tesla, led by Elon Musk, transferred its entire Bitcoin stash worth over $760 million to unknown wallets, raising speculation of a potential sale.
- The sale of these coins could have a negative impact on the market as Tesla is the fourth-largest publicly listed U.S. company in terms of Bitcoin holdings.
- It is unclear whether the transfer is for internal account shuffling or a sign of Tesla planning to dump the Bitcoin.
- Tesla's previous purchase of $1.5 billion worth of Bitcoin in 2021 and subsequent sale of a portion raised questions about its stance on cryptocurrency.
Read Full Article
19 Likes
Newsbtc
4w
84
Image Credit: Newsbtc
Shiba Inu On The Brink Of A 400% Rally, Analyst Says—Will It Deliver?
- Leading analyst forecasts a potential 400% surge for Shiba Inu, pushing its price to $0.000074.
- Recent price movements and technical indicators support the projected increase.
- Resistance levels for Shiba Inu currently at $0.00001865, with subsequent levels at $0.00001969 and $0.00002094.
- Investors advised to monitor support levels at $0.000018 and exercise caution amidst potential corrections.
Read Full Article
5 Likes
Bitcoinchaser
4w
111
Image Credit: Bitcoinchaser
New Providers: Expand Your Gaming Horizons on EarnBet
- EarnBet, an online crypto casino, has expanded its game lineup by adding new gaming providers.
- Players can now enjoy games from an impressive array of providers, including Playtech, Play ‘n Go, and Spinomenal.
- The expansion brings a larger selection of games, enhancing the overall gaming experience.
- EarnBet aims to give players more chances to win and offers a secure environment for betting with cryptocurrencies.
Read Full Article
6 Likes
Bitcoinist
4w
360
Image Credit: Bitcoinist
Crypto Scandal: FinCEN Slams US Banking Giant with $3B Penalty—What Went Wrong?
- TD Bank, one of the largest financial institutions in the US, has been hit with a $3.09 billion fine, the largest ever imposed under the Bank Secrecy Act (BSA).
- The fine is a result of TD Bank's failure to report suspicious activities, including significant cryptocurrency-related transactions.
- TD Bank failed to properly monitor transactions for a specific client, leading to concerns over compliance practices in dealing with digital assets.
- The bank has agreed to pay $1.8 billion in fines as part of a settlement with the DOJ, and FinCEN imposed an additional $1.3 billion penalty.
Read Full Article
21 Likes
Nigeriabitcoincummunity
4w
271
Why SUI is Skyrocketing: Key Opportunities You Can’t Miss
- Sui Coin surged over 100% from its August all-time low, becoming one of the top-performing tokens in the top 50 by market cap.
- Sui Network is a cutting-edge layer-1 blockchain capable of handling around 80,000 transactions per second (TPS).
- Grayscale recently highlighted Sui as one of the top 20 assets with significant growth potential based on upcoming catalysts, market trends, and token-specific fundamentals.
- Circle, the largest issuer of the second-largest stablecoin, has announced integration of its native USDC stablecoin on the Sui Network.
- DeepBook – A Game-Changer DEX’s Recent Launch on Sui Mainnet.
- Hop on Sui has just announced the launch of hop.fun, a new protocol designed to enhance the DeFi landscape on the Sui Network.
- Total Value Locked (TVL) on Sui Network surpassed $1 billion for the first time.
- Active addresses have reached over 1.5 million, marking the highest level since May 2024.
- Now may be the ideal time to get involved in the Sui ecosystem by either investing in the Sui token or actively participating in trading and DeFi opportunities.
- You can engage with the Sui ecosystem by purchasing SUI tokens through these exchanges: NoOnes, Bybit, Gate.io, Binance.
Read Full Article
16 Likes
Zycrypto
4w
302
Image Credit: Zycrypto
Bitcoin All-Time High Within Sight as Whales and Retail Investors Make a Comeback
- Bitcoin (BTC) trading at its highest level since August, currently at $67,409.
- Bitcoin's market dominance at 58%, the highest level in three years.
- Large Bitcoin addresses accumulating BTC, with institutions holding over 3.9 million coins.
- Retail investors making a comeback, approaching high-demand zone, indicating potential for a record high.
Read Full Article
18 Likes
Newsbtc
4w
347
Bitcoin Analyst Reveals Best On-Chain Metric For ‘Day-To-Day Trading’
- An analyst has explained how the Bitcoin on-chain indicator, the Realized Price of short-term holders, has proven to be reliable for day-to-day BTC trading.
- The Realized Price indicator tracks the cost basis of Bitcoin investors or addresses, indicating whether the holders are in a state of net profit or loss.
- Short-term holders (STHs) who purchased their coins within the past 155 days are of particular interest in this analysis.
- The STH Realized Price has acted as both support and resistance for Bitcoin, with breaks above or below the line influencing investor psychology and impacting the BTC price.
Read Full Article
20 Likes
Bitcoinsensus
4w
311
Image Credit: Bitcoinsensus
Whales Probably Sent 1.79B USDT on Binance
- Whales sent 1.79B USDT on Binance, according to a tweet by Ash Crypto.
- No official confirmation from Binance or other sources yet.
- If true, it could lead to a huge influx of liquidity in the crypto market.
- Possible implications include price increase and potential bull rally for various cryptocurrencies.
Read Full Article
18 Likes
Altcoinbuzz
4w
253
Warren and Deaton Clash Over Crypto in Senate Debate
- Republican John Deaton criticized Democrat Elizabeth Warren for building an "anti-crypto army".
- Deaton questioned why Warren made fighting crypto a priority, suggesting she should focus on bigger issues affecting everyday people.
- Warren defended her stance on the web3 industry, calling for consumer protection and regulation to prevent terrorism and drug trafficking.
- Both candidates agreed on the failure of traditional banking, but Deaton accused Warren of not prioritizing banking access.
Read Full Article
15 Likes
For uninterrupted reading, download the app