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Bitcoin News
Altcoinbuzz
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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.
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Bitcoinchaser
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129
Image Credit: Bitcoinchaser
Join Cricket Triple Winnings at BC.Game: Bet, Win & Celebrate!
- BC.Game is offering the Cricket Triple Winnings promotion, allowing users to win more when betting on cricket matches.
- To participate, bettors need to place three winning bets on the same match, and they will receive double their profits.
- The promotion is valid from September 13th, 2024, until December 31st, 2024.
- Certain terms and conditions apply, including a maximum Freebet of $100 per match and a 12x wagering requirement on Freebet winnings.
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7 Likes
Crypto-News-Flash
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187
Image Credit: Crypto-News-Flash
Elon Musk’s Tesla Shifts $760 Million in Bitcoin for the First Time in Two Years
- Tesla has transferred all of its Bitcoin holdings, valued at over $765 million, to multiple unknown wallets.
- The transfer took place on October 15 through 26 transactions, with the company's Bitcoin wallet now having only $6.68 worth of cryptocurrency left.
- The destination of the Bitcoin funds is unknown, leading to speculation that Tesla may have sold it to another party or is preparing for an over-the-counter (OTC) deal.
- Tesla's relationship with Bitcoin has been mixed, from initially buying $1.5 billion worth of Bitcoin to selling portions of it and halting Bitcoin payments for its vehicles due to environmental concerns.
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11 Likes
Coinjournal
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191
Image Credit: Coinjournal
Italy set to raise Bitcoin capital gains tax to 42%
- Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%.
- The new tax policy reclassifies cryptocurrency taxation, moving away from treating cryptocurrencies as foreign currency.
- The increase in the capital gains tax on cryptocurrencies reflects a growing trend among European countries to tighten tax regulations on digital assets.
- Italian Prime Minister Giorgia Meloni reassured citizens that there would be no new taxes affecting the general population.
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Crypto-News-Flash
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17
Image Credit: Crypto-News-Flash
Survey: Only 7.5% of Salvadorans Use Bitcoin for Transactions
- Only 7.5% of Salvadorans use Bitcoin for transactions, highlighting limited adoption despite its status as legal tender since 2021.
- A survey conducted by Francisco Gavidia University shows that 92% of respondents prefer conventional payment methods and do not use Bitcoin for transactions.
- Public opinion in El Salvador focuses on education and industrial growth rather than Bitcoin development.
- President Bukele aims for financial independence by 2025 through a self-financed budget, reducing El Salvador's reliance on foreign debt.
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Cryptoslate
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200
Image Credit: Cryptoslate
Tether CEO slams Italy plan to increase capital gain tax on Bitcoin to 42%
- Italy is planning to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%.
- Deputy Finance Minister Maurizio Leo announced the proposed tax hike during a conference.
- Prime Minister Giorgia Meloni's earlier promise of no broad tax hikes seems to exclude niche sectors like crypto.
- The announcement has triggered criticism from Italy's crypto community, with users considering relocating to countries with more favorable tax environments.
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12 Likes
TheNewsCrypto
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53
Image Credit: TheNewsCrypto
Italy Plans to Raise Bitcoin Capital Gains Tax from 26% to 42%
- Italy plans to raise the capital gains tax on Bitcoin and other cryptocurrencies from 26% to 42%.
- This decision is part of Italy’s 2025 budget plan to generate around 4 billion euros ($4.35 billion) in revenue.
- The tax hike is intended to support families, youth, and businesses in Italy.
- Italy will now have one of the highest capital gains taxes on cryptocurrencies worldwide.
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3 Likes
Newsbtc
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138
Image Credit: Newsbtc
Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target
- Bitcoin breaks above a descending falling wedge pattern on the daily chart.
- Analysts suggest that the breakout could lead to a move towards $88,000-$90,000 in November.
- CryptoQuant analyst highlights the importance of dollar-cost averaging during this consolidation period.
- Prominent analyst points out that this rejection from the downtrending channel top is Bitcoin's first chance to weaken it as a point of rejection.
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8 Likes
Bitcoinist
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80
Image Credit: Bitcoinist
Crypto Industry May Benefit from Kamala Harris Being ‘More Supportive’ Than Joe Biden – Details
- The crypto industry in the US may see more support under Kamala Harris’ leadership compared to the current Joe Biden administration.
- Harris is expected to be 'slightly positive' towards digital assets and innovative technologies like AI.
- Trump is more favorable towards the crypto industry and supports Bitcoin mining.
- Harris has made efforts to attract crypto voters and has received political donations in XRP.
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4 Likes
Coinjournal
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115
Image Credit: Coinjournal
US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence
- US prosecutors have recommended a five-year prison sentence for Ilya Lichtenstein, the mastermind behind the Bitfinex exchange hack.
- Lichtenstein stole 120,000 Bitcoin and used sophisticated methods to hide the stolen funds between 2016 and 2022.
- Lichtenstein's wife and co-conspirator, Heather Morgan, received a recommendation of an 18-month prison sentence for her assistance in the case.
- Prosecutors argue that a stronger sentence for Lichtenstein will deter young cybercriminals and break the cycle of such online activities.
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6 Likes
Crypto-News-Flash
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133
Image Credit: Crypto-News-Flash
Donald Trump’s WLFI Token Launch Nets $5M, but Technical Issues Spark Concerns
- Despite raising $5M, technical issues and unclear goals have cast doubt over the WLFI token’s long-term viability.
- WLFI token, endorsed by Donald Trump, faced significant technical challenges after its launch.
- The WLFI website went down and transaction interruptions were reported.
- Experts advise caution and suggest investing in Bitcoin due to the technical challenges faced by WLFI.
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8 Likes
Bitcoinchaser
4w
432
Image Credit: Bitcoinchaser
Top VPN-Friendly Crypto Casinos (2024)
- Using a VPN with crypto casinos is a great combination for added privacy, and accessing blocked sites from anywhere.
- Top VPN-friendly crypto casinos are: Betpanda.io, Lucky Block, Jackbit, Art Casino and CasinoStars.
- A VPN aids access to restricted casinos/games and enhances player privacy and security.
- To be safe, a reliable VPN should be chosen; one that has strong encryption, plenty of server locations, and good reviews.
- VPNs ensure crypto transactions remain private and protected from cyber threats.
- Advantages of using a VPN with a crypto-casino are enhanced privacy and security benefits.
- Some of the challenges of using VPNs with crypto casinos include, geo-restriction, withdrawal delays, legal issues, and slower speeds.
- Before diving in, always choose a reputable, VPN-friendly crypto casino that supports fast and secure crypto transactions.
- Read the casino's privacy policy, be aware of legal issues, and configure the VPN properly to enjoy the freedom of playing on your terms.
- Stay updated on casino news with BitcoinChaser, sign up to our newsletter for more.
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26 Likes
Crypto-News-Flash
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303
Image Credit: Crypto-News-Flash
Uptober Sparks Bullish Momentum: 5 Bitcoin Metrics Hint at $75K+ in 2024
- Bitcoin's open interest and reduced supply on exchanges suggest growing market confidence.
- Strong institutional demand for Bitcoin ETFs and bullish technical indicators hint at a potential surge to $75K and beyond in 2024.
- Bitcoin's open interest in perpetual futures reached a multi-month high, signaling bullish market sentiment and increased liquidity.
- Bitcoin's supply on exchanges has reached a five-year low, indicating traders are holding their assets and reducing sell-offs.
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18 Likes
TheNewsCrypto
4w
401
Image Credit: TheNewsCrypto
Metaplanet Rolls Up Bitcoin Put Options Netting 5.90 BTC in Profit
- Japanese investment firm Metaplanet has increased its Bitcoin put options, adjusting the strike price to $66K from $62K.
- Metaplanet expects this move to boost its option sale yield and generate an additional premium income of 57.9 million yen ($388,123).
- Metaplanet's total holdings have reached 861.387 BTC after a recent transaction that generated a net income of 5.9095 BTC.
- Metaplanet has gained prominence as 'Asia's MicroStrategy' for its consistent BTC acquisitions and recently purchased an additional 106.976 BTC.
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24 Likes
Newsbtc
4w
98
Image Credit: Newsbtc
Polkadot (DOT) Gearing Up For ‘Massive Breakout’, Will It Skyrocket To $20?
- Polkadot (DOT) has seen a price increase and is gearing up for a breakout.
- Polkadot broke out of a falling wedge pattern and retested the upper trendline.
- Market analysts predict a massive breakout, with a target of $11.46 for the midterm.
- Some investors remain cautious despite bullish forecasts due to DOT's correlation with Bitcoin.
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5 Likes
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