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Bitcoin News
Altcoinbuzz
4w
312
Why Runes Might Be the Top Opportunity of Q4-2024
- Runes, inscribed Bitcoin sats, are currently on the rise and are known as the new opportunity of Q4-2024 with the current run of memecoins on Ethereum and Solana. Memecoins currently offer a low market cap and are not traded by too many people yet, making it an interesting opportunity in the future. Runes can be traded through Magic Eden. PUPS WORLD PEACE is up 582% over the last 30 days, while DOG GO TO THE MOON is sitting at a $550 million market cap. Magic Eden recently announced that it will offer swaps by the end of this month, which would bring the Bitcoin memecoins much closer to mainstream audience.
- Memecoin season could now be in Bitcoin too, and Runes could potentially become the hottest trend. There are currently various Runes collections up between 40% to 500% which indicate that Bitcoin memes are in full swing, and running alongside Ethereum, Solana, and Sui.
- Trading Runes is more complicated than trading memecoins however, as Runes need manual listing in batches and must be bought by someone. Magic Eden is one of the best-known places for trading these inscribed sats. There is an easy guide to buying Runes by visiting Magic Eden, getting Bitcoins in wallet and buying Rune from there.
- Current market caps of memecoins on various chains like Ethereum, Solana and Sui are included in a chart. It shows the Runes and Bitcoin memecoins market cap is still low, which is an interesting opportunity for Q4 2024. However, Runes have high volatility as well.
- Although the infrastructure behind trading Runes is not complete, Magic Eden is working on it and could potentially offer CEX listings, bringing Bitcoin memecoins closer to mainstream audience.
- Altcoin Buzz reminds us that their information is not financial advice and any investments could result in losses, so please ensure you do your own due diligence prior to investing.
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18 Likes
Coinjournal
4w
214
Image Credit: Coinjournal
UK man sues council after it denied requests to dig for lost Bitcoin hard drive in landfill
- A 39-year-old man is suing Newport City Council for $646 million in damages after losing his hard drive containing 8,000 Bitcoin.
- James Howell accidentally threw out his hard drive in 2013 during a household clearout.
- The council has denied Howell's requests to dig for the hard drive in a landfill site due to environmental concerns.
- Howell's lawyers argue that the council should consider the potential investment in the local community if the Bitcoin is found.
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12 Likes
Altcoinbuzz
4w
116
Ripple CEO Donates $1M to Kamala Harris
- Ripple CEO, Chris Larsen, has donated $1 million to Kamala Harris.
- This donation comes amidst Ripple's ongoing legal battle with the US SEC.
- The SEC claims Ripple sold XRP in violation of securities laws, while Ripple argues XRP is a currency.
- The outcome of Ripple's case could have significant implications for the future regulation of cryptocurrencies in the US.
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6 Likes
Blockonomi
4w
406
Image Credit: Blockonomi
Bitcoin Surpasses $64,000 as Crypto Market Sees Upward Trend
- Bitcoin surpassed $64,000, with other major cryptocurrencies also gaining
- Over $100 million in short positions were liquidated due to the price jump
- Memecoins like Mog and SPX6900 saw significant gains amid “supercycle” discussions
- Chinese stocks rose on stimulus hopes, boosting overall market sentiment
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24 Likes
Stackexchange
4w
178
Image Credit: Stackexchange
Force-closure of unknown channel: What do status `Loaded from database` and the state AWAITING_UNILATERAL mean?
- The user noticed that the majority of their lightning payments have been failing despite increasing the fee over the past two months.
- Investigating the issue, they found an inactive channel listed under 'listpeerchannels'.
- They attempted to close the channel but received an error message stating that the channel ID was not found.
- The user is seeking clarification on the status 'Loaded from database', the channel being referred to as 'unknown', the potential impact on payment failures, and how to prevent similar issues in the future.
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10 Likes
Newsbtc
4w
438
Bad Decisions By Ethereum Foundation Hurt ETH Price, Hedge Fund CIO Says
- The Ethereum underperformance is due to strategic missteps by Ethereum Foundation and capital flow shifts, according to Zaheer Ebtikar, the Chief Investment Officer of Split Capital hedge fund.
- The author highlights capital flow issues based on three core sources: private and liquid funds, institutional investors using ETFs and futures, and retail investors via platforms like Coinbase and Binance.
- The value of private capital in 2021 was driven by crypto euphoria and saw the largest capital base of crypto funds, with more than $20bn in net inflows.
- Due to a decline in private capital and the lack of return of retail capital, institutional products become the only viable avenue for a bid for ETH.
- This resulted in pre-ETF ETH sellers opting out of ETH and swapping to SOL and post-ETF ETH sellers realizing ETH price required more than ETF flows.
- Despite Bitcoin’s surge, the rest of the market didn’t keep up as crypto-native investors, retailers, and private capital had reduced their Bitcoin holdings.
- Professional crypto investors and traders moved aggressively down the risk curve, and funds followed suit to generate returns.
- Ethereum’s predicament is that it is not in vogue with institutional investors, has lost favor in crypto private capital circles, and retail is not bidding for this size asset.
- The author suggests Ethereum should be marketed by traditional asset managers to attract institutional capital, and changes to the Ethereum Foundation’s direction and core focus can reinvigorate investor interest.
- 2025 will be an interesting year for crypto and especially for Ethereum, as much of the damage from 2024 can be unwound or further deepened.
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26 Likes
Stackexchange
4w
26
Image Credit: Stackexchange
Does the reported attack on SPN have any near term consequences for wallet security?
- An attack on Substitution-Permutation Network (SPN) has been developed using a D-Wave machine.
- The attack targeted encryption algorithms like AES and produced results that posed a substantial threat.
- It is considered a real-world practical threat today and in the near future.
- Reusing addresses does not necessarily protect against such attacks.
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1 Like
TheNewsCrypto
4w
93
Image Credit: TheNewsCrypto
Will Bitcoin Bulls Take Charge as BTC Targets New Resistance?
- Bitcoin price spiked by 2.47% in the last 24 hours, trading at $64.3K.
- BTC transaction fees have surged by over 32%.
- The cryptocurrency market is attempting to recover from the downside trajectory. Bitcoin has gained 2.47% in the past 24 hours and currently trades at $64,340.
- The short-term resistance for BTC is around $65,640, while the support zone is at $63,275.
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5 Likes
Coinpedia
4w
71
Image Credit: Coinpedia
Bitcoin, ETH, And XRP Price Prediction: Will Uptober Bulls Take Over?
- The cryptocurrency market has displayed a neutral price action over the past week, indicating weak buying and selling pressure among investors.
- Bitcoin (BTC) price continues to display a neutral price action, with a potential bullish crossover in the MACD.
- Ethereum (ETH) price holds between $2.4k and $2.5k, with weak buying and selling pressure.
- Ripple (XRP) price trades within a descending channel pattern and shows increased bullish sentiment in SMA and MACD.
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4 Likes
Newsbtc
4w
281
Image Credit: Newsbtc
Solana (SOL) Reclaims $150: Is The Rally Back On?
- Solana (SOL) price is rising and has reclaimed the $150 level.
- The price is trading above the 100-hourly simple moving average and a key bullish trend line forming with support at $147.50.
- If the price breaks the $155 resistance, it could gain bullish momentum and target the next resistance levels at $158 and $162.
- However, if the price fails to rise above $155, it may face a decline and find support levels at $147.50 and $144.40.
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16 Likes
Coinpedia
4w
406
Image Credit: Coinpedia
The Simpsons’ XRP Price Prediction: Fact or Fiction?
- The Simpsons have a history of predicting cryptocurrency trends and have made references to Bitcoin and blockchain technology since 2012.
- Claims of an XRP price prediction episode are false, as viral images were photoshopped clickbait.
- Crypto analyst Levi predicts a promising breakout for Bitcoin, with a potential climb to retest the $66,000 range.
- Levi advises traders to enter positions around $62,000-$63,000 with a possible $4,000 price appreciation expected.
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24 Likes
Tokenhell
4w
371
Avalanche Foundation Agrees to Buy Back 1.97M AVAX Tokens Sold to Terraform Labs in 2022
- The Avalanche Foundation has agreed to repurchase 1.97 million AVAX tokens sold to Terraform Labs in 2022.
- The repurchase agreement is valued at $46 million, while the current market value of the tokens is $57 million.
- Terraform Labs originally purchased the tokens for $100 million, resulting in losses for the company.
- The repurchase agreement aims to protect AVAX's price from potential liquidation impacts.
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22 Likes
Newsbtc
4w
433
Image Credit: Newsbtc
XRP Price Range-Bound: Can It Break Out or Stay Stuck?
- XRP price is attempting a fresh increase above the $0.5320 support.
- The price is now trading above $0.5350 and the 100-hourly Simple Moving Average.
- There was a break above a key bearish trend line with resistance at $0.5310.
- The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels.
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26 Likes
Coinpedia
4w
210
Image Credit: Coinpedia
Crypto Price Today (14th Oct 2024): Bitcoin Eyes $65k | Brett Leads Daily Gainers
- The global cryptocurrency market cap rises to $2.24 trillion, with a 1.98% increase.
- Bitcoin price remains steady at around $64,000, with anticipation of a breakout to $65,000.
- Ethereum and Solana experience gains, while XRP maintains steady progress.
- Top gainers include Brett, Ethena, and Worldcoin, while Popcat, Helium, and Uniswap face losses.
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12 Likes
Coinpedia
4w
84
Image Credit: Coinpedia
Bitcoin Set to Hit $90,000 in the Coming Weeks: Will Altcoins Follow?
- Bitcoin has been trading within a narrow range for over 200 days, leading to a sense of stagnation in the market.
- Analyst Michael Van De Poppe expects changes on the horizon, with Bitcoin potentially reaching around $90,000 in the next few weeks.
- Altcoins have lagged significantly behind Bitcoin, with their total market cap still 50% below its all-time high.
- The analyst predicts a potential peak of $300,000 to $400,000 for Bitcoin by 2026, depending on liquidity conditions.
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5 Likes
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