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Bitcoin News
Bitcoinist
4w
227
Image Credit: Bitcoinist
Crypto Scandal Erupts: Ex-Philippine Mayor Implicated In $30 Million Fraud And Laundering
- Former Philippine mayor, Alice Guo, has been implicated in a $30 million crypto fraud and money laundering scandal.
- Guo is connected to Atom Asset Exchange, a cryptocurrency enterprise that defrauded customers and shut down.
- This incident highlights concerns about crypto scam rings infiltrating local governments in Southeast Asia.
- Guo is also facing charges of human trafficking and money laundering in the Philippines.
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13 Likes
Bitcoinist
4w
133
Image Credit: Bitcoinist
Bitcoin Price Is Trying To Break 200-MA That Led To Parabolic Surge In The Past, Will It Succeed Again?
- The Bitcoin price is approaching the 200-day moving average (200-MA) once again, which historically has led to parabolic price surges.
- Breaking above the 200-MA has previously signaled the start of explosive rallies for Bitcoin.
- In the past, each time Bitcoin broke above the 200-MA, it resulted in significant price increases, ranging from 275% to 7,513%.
- Bitcoin's current price action near the 200-MA of around $65,844 has become a major point of interest for traders.
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8 Likes
Coin Telegraph
4w
419
Natural disasters wreck FinTech infrastructure, proving cash is still king
- Hurricanes and natural disasters highlight the vulnerability of financial technologies in the face of infrastructure damage.
- During disasters, cash becomes essential for basic necessities when digital forms of payment are inaccessible.
- Natural disasters not only cause widespread destruction but also bring local economies to a standstill.
- It is crucial to upgrade internet infrastructure and ensure access to cash during emergencies.
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25 Likes
Bitcoinsensus
4w
388
Image Credit: Bitcoinsensus
Tesla Moves All Bitcoin Holdings to Unknown Wallets
- Tesla recently moved its entire $760 million worth of Bitcoin holdings to new addresses.
- This is the first Bitcoin transaction by Tesla in over 2 years.
- The move raises speculation about whether Tesla plans to sell its Bitcoin holdings.
- Tesla's stock has seen a decline of nearly 10% over the past week.
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23 Likes
Bitcoinsensus
4w
419
Image Credit: Bitcoinsensus
UAE’s Central Bank Pre-Approves Dirham-Pegged Stablecoin
- UAE’s central bank pre-approves AE Coin, a new stablecoin pegged to the Dirham.
- The currency is expected to play a major role in local transactions and economy.
- UAE is expanding its use of crypto, demonstrated by a $50 million digital dirham transaction to China.
- The country ranks second in public adoption of cryptocurrencies and 8th in infrastructure adoption.
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25 Likes
Bitcoinist
4w
138
Image Credit: Bitcoinist
Bitcoin’s Short-Term Holders See Profit Dominance Amid Market Rebound
- Short-term holders of Bitcoin are seeing significant profits amid the market rebound.
- Glassnode reports a rise in profit dominance for short-term Bitcoin holders.
- Bitcoin's short-term holders are currently dominating the market with a Profit/Loss Ratio trading at 1.2.
- BTC's recent price rebound suggests a potential rally to new all-time highs in the short term.
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8 Likes
Zycrypto
4w
214
Image Credit: Zycrypto
BlackRock CEO Touts Bitcoin as an Alternative to Gold as BTC ETF Inflows Hit 4-Month High
- BlackRock CEO Larry Fink believes Bitcoin is an asset class in itself and an alternative to gold.
- Fink sees potential for the cryptocurrency industry to experience significant growth, similar to the mortgage market.
- Bitcoin ETF inflows reached a 4-month high with Fidelity leading the way with $239M in inflows.
- Short liquidations and increased USDT deposits to exchanges contributed to recent Bitcoin price gains.
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12 Likes
Coinjournal
4w
432
Image Credit: Coinjournal
Bitcoin firm Blockstream secures $210m to drive layer-2 growth
- Blockstream, a Bitcoin infrastructure company, has raised $210 million in debt funding.
- The funding will be used to drive adoption of its layer-2 platforms and expand mining operations.
- Blockstream aims to bridge the gap between Bitcoin and the wider world of finance.
- The company also announced the appointment of Michael Minkevich as Chief Operations Officer.
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26 Likes
Newsbtc
4w
334
Image Credit: Newsbtc
Robert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here’s Why
- Robert Kiyosaki, author of 'Rich Dad Poor Dad,' warns of an impending financial crisis.
- Kiyosaki believes a significant market downturn will occur, potentially leading to a Bitcoin crash to $5,000 per coin.
- He draws parallels to the 2008 Global Financial Crisis and argues that the current economic climate is unsustainable.
- Kiyosaki advises individuals to prepare for the forthcoming economic downturn and sees it as an opportunity for those who are prepared.
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20 Likes
Crypto-News-Flash
4w
26
Image Credit: Crypto-News-Flash
Analysts Predict Post-Election Altcoin Surge as Regulatory Barriers May Ease
- Analysts predict a potential altcoin surge within the next two weeks, especially with the U.S. election approaching.
- Regulatory changes, particularly for Uniswap (UNI), could boost altcoin prices if legal barriers are eased after the election.
- Historical trends and market conditions suggest a potential altcoin rally, with Bitcoin's dominance expected to decrease.
- The outcome of the U.S. election could significantly impact Bitcoin and altcoin prices, depending on the regulatory policies of the winning candidate.
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1 Like
Coin Telegraph
4w
258
Ethereum traders see limited ‘upside’ in ETH price beyond $2.6K
- ETH options analysts suggest limited upside potential for Ethereum (ETH) price beyond $2.6K.
- Recent data from a decentralized finance (DeFi) options protocol shows more skepticism towards ETH performance.
- The number of Ether calls sold is almost 2.5 times higher than the calls bought, indicating capped upside potential.
- Ether Calls Sold stood at 34.5% while Calls Bought stood at 15.5%.
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15 Likes
Newsbtc
4w
156
Image Credit: Newsbtc
Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead?
- Worldcoin (WLD) is showing signs of a strong upward push, gaining traction toward the $3.2 key resistance level.
- WLD is currently trading above the 4-hour 100-day Simple Moving Average (SMA), indicating a robust bullish trend.
- The recent breakout above the key $2.1 resistance level further strengthens its upward momentum.
- A successful breakout above the $3.2 resistance level could unlock additional gains.
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9 Likes
Bitcoinist
4w
428
Image Credit: Bitcoinist
Crypto Comeback: Bitcoin ETFs Attract $556 Million In Fresh Inflows
- Spot Bitcoin US exchange-traded funds (ETFs) attracted $556 million in fresh inflows, marking the highest inflow in four months.
- The highest single-day flow of $239 million came through Farside (FBTC).
- Bitcoin ETFs outperformed Ethereum ETFs, with net inflows into Ethereum ETFs standing at $17 million.
- The total cryptocurrency market started to recover, with Bitcoin trading at $65,268 and Ethereum increasing by almost 3%.
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25 Likes
Insider
4w
89
Image Credit: Insider
Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
- Standard Chartered predicts that Bitcoin could reach $73,800, a 12% gain from current levels, before the US presidential election in November.
- Standard Chartered takes its cues from MicroStrategy, a bitcoin-linked stock that has broken out and believes two fundamental factors are driving bitcoin higher.
- The first factor is BNY Mellon being exempt from SAB 121, a legislation that forces dealers to list crypto on their balance sheets.
- The second factor is MicroStrategy's plan to become a 'bitcoin bank,' offering bitcoin capital market instruments and potentially earning yield by lending out bitcoin.
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5 Likes
Blockonomi
4w
120
Image Credit: Blockonomi
Metaplanet on Track to Accumulate 1,000 BTC
- Metaplanet, the Tokyo-listed investment company, is on track to accumulate 1,000 BTC after acquiring an additional 106.976 BTC this week.
- Metaplanet's Bitcoin holdings currently stand at 855.478 BTC, valued at around $56 million.
- The company plans to acquire more BTC to reach its target, only needing another 144.5 BTC.
- Metaplanet's aggressive investment strategy has led to a 550% increase in its stock price this year.
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7 Likes
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