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Bitcoin News
Altcoinbuzz
4w
347
Grayscale to Convert Digital Large Cap Fund into ETF
- Grayscale plans to convert its Digital Large Cap Fund into an ETF.
- The fund tracks the CoinDesk Large Cap Select Index and measures the performance of top cryptocurrencies.
- Converting the fund into an ETF will allow investors to trade it on the New York Stock Exchange.
- Grayscale has previously converted its Bitcoin and Ethereum funds into ETFs.
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20 Likes
TheNewsCrypto
4w
53
Image Credit: TheNewsCrypto
Trump Leads Harris in Betting Odds for 2024 Presidential Election
- Former U.S. President Donald Trump leads Kamala Harris in betting odds for the 2024 presidential election, with a 16% lead on the decentralized prediction market platform, Polymarket.
- Despite traditional polls showing Harris ahead, historical biases may affect predictions and underestimate Trump's support.
- Analysts caution about potential bias in favor of Republican candidates on Polymarket, but note that users base bets on perceived probabilities.
- Trump announced support for a DeFi protocol, while Harris focuses on establishing a regulatory framework for protecting Black men investing in cryptocurrency.
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3 Likes
Insider
4w
173
Image Credit: Insider
Trump flip-flopped on crypto, but his PAC has raked in millions of dollars of crypto donations since June
- A pro-Trump PAC called Trump 47 has raised over $7.5 million in cryptocurrency donations since June.
- Donations were received in bitcoin, ether, XRP, and other cryptocurrencies.
- Notable donors include Cameron and Tyler Winklevoss who endorsed Trump in June.
- Trump has launched his own crypto banking platform, World Liberty Financial.
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10 Likes
Newsbtc
4w
427
Ethereum Open Interest Sees Fastest Rise In 5 Months: Brace For More Volatility?
- The Ethereum Open Interest has witnessed a sharp growth, indicating potential volatility in the asset's price.
- The Open Interest has reached $9.7 billion, reflecting an increase in new positions and overall market leverage.
- An increase in Open Interest can lead to price volatility, potentially causing a long squeeze.
- Currently, the funding rates are high, suggesting a long-heavy market sentiment.
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25 Likes
Bitcoinist
4w
133
Image Credit: Bitcoinist
91% Of Bitcoin Holders In Profit After $66,000 Rally, Data Shows
- On-chain data shows around 91% of all Bitcoin holders have entered into the green following the latest rally towards the $66,000 level.
- Bitcoin has surged around 4% to return to the same highs as back at the end of last month.
- According to data from IntoTheBlock, 91% of Bitcoin holders are now carrying unrealized profit.
- Bitcoin whales have been accumulating Bitcoin with a positive change in their holdings this year.
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8 Likes
Altcoinbuzz
4w
160
HouseParty’s CEO Unveils ‘Towns’ on River Protocol
- Towns is a new decentralized messaging platform built on River Protocol.
- It offers enhanced security, privacy, and ownership of data.
- Towns operates on an EVM-compatible L2 chain with decentralized nodes.
- The platform features end-to-end encryption, transparency, and a reputation system.
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9 Likes
Tokenhell
4w
156
Bitcoin’s Path to $70K Faces Risk as Social Media Hype Grows
- Bitcoin's path to $70K is facing risk as social media hype grows.
- Social media sentiment spikes near $70K often signal market tops, raising concerns about a potential correction.
- Bitcoin's recent price performance shows optimism, but low trading volume may challenge further gains.
- Technical indicators suggest caution, with potential overbought conditions and low volume signaling a possible pullback.
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9 Likes
Altcoinbuzz
4w
129
Do non-KYC Exchanges Pose Greater Legal Risks?
- Non-KYC exchanges allow users to trade cryptocurrencies without providing identification information.
- Non-KYC exchanges pose legal risks, including potential money laundering issues and asset seizures.
- Legal risks associated with non-KYC exchanges include scams and fraud, regulatory crackdowns, security concerns, and lack of transparency.
- Anonymous trading on non-KYC exchanges may lead to platform shutdowns, involvement in illicit activity, asset seizure, limited legal help, and tax complications.
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7 Likes
Newsbtc
4w
307
Image Credit: Newsbtc
Bitcoin Breaks Through $65,000, Is “Uptober” Rally Just Getting Started?
- Bitcoin breaks through $65,000 mark, igniting optimism for an 'Uptober' rally.
- BTC's move past $63,000 resistance level and positive on-chain metrics suggest further potential upside.
- Average realized prices for short-term and mid-term holders serve as support or resistance levels.
- Market displays strong appetite for digital assets despite fluctuations.
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18 Likes
Blockonomi
4w
414
Image Credit: Blockonomi
Analysis: Bitcoin Open Interest and Price Movements in October 2024
- Bitcoin open interest across exchanges nearing all-time high of $39 billion
- Current open interest at $37.6 billion, up from $34.6 billion yesterday
- Bitcoin price recently hit $66,000 before retracing
- Long-short ratio shows slightly more sell (51%) than buy (49%) volume
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24 Likes
Altcoinbuzz
4w
80
Why are Memecoins Trending Over Bitcoin?
- Searches for the word 'Bitcoin' hit a 1-year low, while memecoins gained popularity according to Google's data.
- Memecoins have become a lucrative part of the cryptocurrency market, offering potential for high short-term returns.
- Solana ecosystem is driving the popularity of memecoins, with over 400,000 new tokens created on the platform in the last month.
- Investing in memecoins is seen as risky and speculative, lacking underlying utility like Bitcoin and other major cryptocurrencies.
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4 Likes
TheNewsCrypto
4w
432
Image Credit: TheNewsCrypto
Will These Triggers Propel Bitcoin into an Uptober Rally?
- Bitcoin price enters $67K after gaining 2.59% in the last 24 hours.
- Crypto analysts anticipate BTC target around $86,600.
- Triggers for Bitcoin rally include US election, MicroStrategy gains, and Tesla's Bitcoin transfer.
- BTC has bullish sentiment with positive technical indicators and potential retest of $67.6K resistance.
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26 Likes
Altcoinbuzz
4w
35
Top Crypto-Friendly Countries for Businesses in 2024
- Choosing the right country can make all the difference if you’re considering starting a crypto business or investing in crypto.
- Lots of countries have warmed up to digital assets in 2024. Some countries offer regulatory clarity and friendly environments for crypto activities.
- The Most Welcoming Countries for Crypto in 2024
- Social Capital Markets recently published a survey on the most crypto-friendly nations. From Dubai to Brazil, even places like Estonia and Switzerland are paving the way for crypto to thrive.
- The report identifies Dubai as the most welcoming country, followed by Switzerland, South Korea, and Singapore.
- Dubai is a hub for crypto activities, with over 500 registered companies and very low corporate tax rates.
- Switzerland, home to over 900 crypto firms, provides a clear regulatory framework and low capital gains tax.
- South Korea has a high growth rate for crypto, with over 370 companies operating in the nation. The regulatory environment is developing.
- Singapore offers a friendly environment, with no capital gains tax and flat corporate tax rates.
- Other nations on the list include the US, Italy, Russia, Germany, and Brazil.
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2 Likes
Altcoinbuzz
4w
365
SingularityDAO, Cogito, and SelfKey Merge to Form AI Project
- Three blockchain-based companies, SingularityDAO, Cogito, and SelfKey, plan to merge and form Singularity Finance.
- Singularity Finance will focus on using AI to manage assets and offer financial tools.
- The project will act as a layer-2 network, processing transactions faster and tokenizing assets like GPUs.
- The merger will result in a new token called Singularity Finance Token (SFI) and aims to create a stronger entity in the AI industry.
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21 Likes
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