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Bitcoin News
Bitcoinist
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Bitcoin-Centric Strategy: Saylor Envisions MicroStrategy As The Leading Bank For Crypto
- MicroStrategy founder Michael Saylor envisions transforming the company into the leading Bitcoin bank.
- The core strategy involves creating capital market instruments tied to Bitcoin, aiming to hold $100 billion to $150 billion in BTC assets.
- Saylor predicts Bitcoin's market size could reach $100 trillion and believes it could outperform the S&P 500 by 8%.
- At the time of writing, Bitcoin is trading at $62,300, up nearly 3% in the 24-hour timeframe.
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Bitcoinik
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Support for Kamala Harris for the upcoming presidential election increases, but winning odds are still down
- Support for Kamala Harris in the upcoming presidential election has increased among both crypto and non-crypto advocates.
- However, her winning odds still remain lower compared to former President Donald Trump.
- Crypto advocates, including Ripple co-founder Chris Larsen, have shown support for Kamala Harris.
- Although CNBC host Jim Cramer predicts Harris as the winner, most crypto enthusiasts believe otherwise.
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Bitcoinist
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Bitcoin Whales Buy Over 1.5 Million BTC In 6 Months: A Mega Rally Incoming?
- Bitcoin whales have accumulated over 1.5 million BTC in the past six months despite deteriorating market conditions.
- Buyers must clear resistance levels at $66,000, $70,000, and $72,000 for Bitcoin to spike and align with whales' optimism.
- Rising inflation and accommodative monetary policy may drive demand for Bitcoin in the coming weeks.
- Central banks globally slashing interest rates could result in more capital being poured into BTC and other quality assets.
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23 Likes
Newsbtc
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Celestia (TIA) Leads Crypto Market With 16% Surge, Will It Hit $7 This Month?
- Celestia (TIA) has displayed a remarkable performance, leading the crypto market with a 16% surge.
- TIA recovered from the early October crash, moving from $4.5 to trade above $5.
- The token's on-chain developments and bullish sentiment suggest a potential continuation of its upward momentum.
- Analysts believe that a big move is coming for TIA, with targets above $7 and potential resistance at $10.
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Bitcoinsensus
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How Argentina Became The Leader in Crypto Adoption in Latin America
- Argentina leads the crypto-adoption rate in Latin America, surpassing Brazil.
- Argentines turned to crypto due to high inflation and strict currency controls.
- President Javier Milei’s pro-crypto stance has attracted major investments by crypto firms.
- Argentina's adoption of crypto showcases its potential as a hedge against inflation.
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21 Likes
Bitcoinist
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Bitcoin Whales Bought 1.5M BTC In The Past 6 Months: Smart Money Accumulation?
- Bitcoin whales have accumulated 1.5 million BTC in the past six months, indicating smart money accumulation.
- This accumulation phase suggests a potentially bullish outlook for Bitcoin in the coming months.
- Analysts speculate that this activity by large holders may precede a major bullish movement.
- Bitcoin's short-term price action will be influenced by whether it holds above $60,000 or breaks above $62,000.
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Coinjournal
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Mt. Gox delays repayment deadline, pushes it to October 2025
- Defunct crypto exchange Mt. Gox has pushed its repayment deadline to October 2025, adding another year from its original date.
- Mt. Gox cited incomplete repayment steps from creditors and issues arising from the repayment process as reasons for the delay.
- The exchange, which suffered a security breach in 2014 resulting in the loss of 850,000 Bitcoin, originally had a deadline of October 31, 2024.
- Mt. Gox began repaying creditors in July with recovered assets, but still holds 44,905 Bitcoin worth around $2.8 billion.
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Coin Telegraph
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Crypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles
- Tether celebrates its first 10 years with a significant increase in its user base.
- Tether had 350 million users on Oct. 7, a 148% increase from 2022.
- Tether's growth can be attributed to tighter regulations in the US and the 2023 banking crisis.
- Tether successfully retained users despite evolving market conditions.
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17 Likes
Medium
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From Despair to Justice: How GCC Litigation Rescued Scam Victims from iCryptobit’s Deceptive…
- iCryptobit presented itself as a promising cryptocurrency trading platform, but turned out to be a scam, robbing countless individuals of their savings.
- GCC Litigation emerged as a dedicated team of legal professionals, helping victims in their efforts to reclaim their funds.
- GCC Litigation united the victims, amplifying their power and influence in legal proceedings against iCryptobit.
- After months of hard work, GCC Litigation achieved a significant win, leading to the return of funds and sending a strong message to scammers.
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8 Likes
Bitcoinist
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Here’s Why The Bitcoin Price Crashed Below $60,000
- The Bitcoin price crashed below $60,000 following the release of the US CPI inflation data.
- Traders were expecting a 50 bps rate cut, but the inflation data suggests otherwise, causing market uncertainty.
- Other factors contributing to the bearish outlook include US Jobs report and uncertainty surrounding US presidential elections and Middle East tensions.
- Bitcoin whales have sold or redistributed around 30,000 BTC ($1.83 billion) in the past 72 hours, adding to the market uncertainty.
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24 Likes
Bitcoinist
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Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence?
- Spot Bitcoin ETFs have experienced consistent negative outflows in the past few days.
- The outflows mark 3 consecutive days of investor withdrawals, totaling over $81.1 million on Thursday.
- The withdrawals suggest a decline in adoption and waning confidence among investors in the short-term potential of BTC.
- Despite the negative trend, BTC whales continue to accumulate the crypto asset, indicating confidence in Bitcoin's mid- and long-term performance.
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15 Likes
TheNewsCrypto
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MicroStrategy’s Michael Saylor Unveils Ambition for Largest Bitcoin Bank
- MicroStrategy's founder and executive chairman, Michael Saylor, has unveiled his ambition to make the company the largest Bitcoin bank.
- This could potentially influence the price of Bitcoin due to strong demand.
- MicroStrategy's aggressive purchase approach of amassing Bitcoin may trigger a shift in institutional engagement with the cryptocurrency.
- The company plans to create various financial products backed by Bitcoin.
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22 Likes
Insider
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Residents in rural Texas are suing their noisy neighbor: a humming bitcoin mining facility
- Residents near Granbury, Texas have filed a lawsuit against a local bitcoin mining facility, claiming it is generating intolerable levels of noise and physical vibrations causing health problems.
- The facility, operated by Marathon Digital Holdings, has industrial cooling fans that generate a constant hum and residents are seeking a permanent injunction.
- Impacted residents have reported difficulty sleeping, hearing loss, vertigo, and tinnitus, while their animals also display signs of stress.
- The facility denies the allegations, stating that sound measurements are within legal limits and there is no established link between their operations and the reported health issues.
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22 Likes
Zycrypto
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Strap In! Serious 75% Bitcoin Crash Warning Issued By Veteran Analyst Peter Brandt
- Bitcoin analyst Peter Brandt issues a serious 75% crash warning for BTC.
- Bitcoin price floundering 17% below all-time high, struggling to surpass $64,000 mark.
- Brandt cites historical trend, stating 75% decline is likely after not hitting new ATH within 30 weeks.
- Bitcoin on track for longest-ever sideways post-halving period, with only 14 days left to enter a bull market.
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9 Likes
Bitcoinsensus
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Bitnomial Sues SEC in Case Involving Ripple
- Bitnomial has filed a lawsuit against the SEC regarding the listing of XRP Futures.
- Bitnomial argues that compliance is impossible since XRP is not registered as a security.
- This is the second lawsuit against the SEC this week, with Crypto.com also taking legal action.
- Despite the legal battles, XRP's price has stabilized with a modest increase.
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5 Likes
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