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Bitcoin News
Tokenhell
1M
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Bitcoin Faces Potential as Analyst Warns of Short-Term Liquidity Squeeze
- Bitcoin may experience a short-term dip as liquidity tightens, but analysts predict a long-term recovery fueled by global trends.
- Market analyst Cole Garner warns of a potential liquidity-driven downturn, suggesting Bitcoin could hit range lows before rebounding.
- Despite short-term volatility, Bitcoin’s long-term outlook remains positive, with institutional interest and investor confidence remaining strong.
- Declining liquidity and stablecoin supply, along with global economic policies, impact Bitcoin's recent price movements, but experts believe it is positioned for a strong recovery in the coming months.
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Bitcoinik
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Image Credit: Bitcoinik
MicroStrategy aims to become a “Bitcoin Bank,” Saylor says
- MicroStrategy's founder and former CEO, Michael Saylor, stated that the company aims to become a leading Bitcoin bank.
- Saylor envisions MicroStrategy reaching $100-$150 billion in Bitcoin through various financial instruments like debt and stock.
- The company plans to create Bitcoin capital market instruments and expand into different financial markets.
- MicroStrategy currently holds 252,220 Bitcoins valued at $15 billion, with a profit of $5.1 billion.
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Hackernoon
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Image Credit: Hackernoon
The Noonification: Anchor-based Large Language Models (10/11/2024)
- Meet the finalists and winners of Round 2 of the #bitcoin Writing Contest, hosted by Roostock and HackerNoon.
- Learn how anchor-based LLMs compress sequence information to reduce memory demand and boost inference speed.
- Discover how crypto enthusiasts can better protect themselves when starting staking.
- Stay updated on exciting updates that will make your JavaScript development workflow smoother and faster.
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TheNewsCrypto
1M
318
Image Credit: TheNewsCrypto
US PPI Inflation Data Hits 1.8% in September, Outpacing Forecasts
- US PPI inflation came in at 1.8% in September, surpassing forecasts of 1.6%.
- Core consumer price index inflation increased sharply to 2.8% last month.
- Discussions have resumed regarding the US Federal Reserve implementing tighter monetary policy.
- The rising inflation has raised concerns about the impact on cryptocurrencies, particularly Bitcoin.
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Hackernoon
1M
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Image Credit: Hackernoon
The #bitcoin Writing Contest by Rootstock and HackerNoon: Round 2 Results 🎉
- HackerNoon and Roostock have announced the second-round winners’ announcement for the #bitcoin writing contest.
- Over 130 #bitcoin stories were published, racking up more than 7 days of reading time.
- 46 entries were submitted, which were narrowed down to 20 finalists.
- The winners for the second round of the contest are Eduardo Prospero, ileolami and tomaszs.
- Bonus prizes are awarded to @maken8 and @web3tales.
- Bitcoin's technical underpinnings, evolution and its economic implications were explored by the finalists.
- Rootstock is the first and longest-lasting bitcoin sidechain that combines the security of Bitcoin's proof of work with Ethereum's smart contract capabilities.
- Interested candidates can enter for the third round of the contest till November 30, 2024.
- Winners must contact HackerNoon within 60 days of the winners' announcement to claim their rewards.
- Contests held by Hackernoon can be checked on contests.hackernoon.com.
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24 Likes
Altcoinbuzz
1M
107
Flare Network: Can It Compete with Chainlink?
- Flare Network is an EVM Layer 1 blockchain. Using Flare’s validators as data providers, it offers decentralized time-series data through its Flare Time Series Oracle (FTSO).
- Pyth Network is an oracle provider that specializes in financial data and is heavily active in DeFi, focusing on speed and lower costs by using first-party data providers. Its price feeds update every 300ms, compared to Chainlink's update around every hour on Ethereum.
- Chainlink is a market leader with the longest-running oracle in the market, and covers a much broader range of areas, with recent announcements ranging from cross-border transfers with SWIFT to enabling safe cross-chain transfers with Solv Protocol. It has one of the most active ecosystems in the blockchain industry and provides an infrastructure for RWA projects.
- Hugo Philion, the co-founder of Flare Network, states that creating a blockchain version of Instagram is currently impossible due to high costs of storing data on Layer 1 chains.
- Flare's off-chain compute is a potential solution to the prohibitive costs of storage presented by the co-founder, while an over-collateralized bridge offers extra security for DOGE and Bitcoin traders.
- Pyth Network is faster and cheaper, using Solana for faster services than Ethereum-based oracles. It also runs on other chains and offers first-party data providers. It also has a new set-up for staking $PYTH and earning rewards with Oracle Integrity Staking (OIS).
- Chainlink's oracles are the longest-running in the market and provide a solution for developers working on RWA projects. Chainlink has partnered with SWIFT for cross-border transfers using crypto-payment rails and has a broad range of use-cases for a changing market.
- Chainlink is undervalued at $6.6 billion and offers a variety of benefits, including the movement of assets like BTC across chains using Chainlink's CCIP.
- This article has been sponsored by Flare Network.
- The information discussed is for educational, entertainment, and informational purposes only. It does not constitute financial advice, and any investments may carry an inherent risk.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Elon Musk Unveils Autonomous Vehicle “CyberCab”, Market Reactions Vary
- Tesla unveiled a new autonomous vehicle called the CyberCab at the event 'We, Robot'.
- Elon Musk promises to start production of the CyberCab by 2026 and sell it for less than $30,000.
- Skepticism arises regarding Musk's claims, and Tesla's stock crashes by over 6%.
- No updates or information were provided about Tesla's 'Model 2' electric car.
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13 Likes
Altcoinbuzz
1M
183
Taiwan will trial Crypto Custody via Banks in 2025.
- Taiwan's Financial Supervisory Commission (FSC) plans to trial crypto custody services through local banks in 2025.
- Three private banks have expressed interest in piloting the service, which aims to integrate crypto into the mainstream and establish Taiwan as a major digital asset market.
- The FSC sees regulated banks as a safe option for managing cryptocurrency, reducing the risks of hacking and fraud.
- The launch allows Taiwanese banks to tap into the fast-growing market, expanding their customer base, but also requires upgrading technology and providing specialized training.
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Medium
1M
17
Image Credit: Medium
Bonop: The Future of Decentralized Marketplaces, Auctions, and Booking Systems
- Bonop is a platform that prioritizes lower costs, enhanced security, and tangible rewards, enabled by blockchain and AI technologies.
- The platform aims to reduce fees from 30% to 1.5% - 5%, giving users more control over their spending while maximizing profits for businesses.
- Bonop leverages a gamified reward system, allowing users to earn tokens passively and incentivizing engagement across the network.
- The platform enables transparent, verifiable, and immutable transactions through blockchain technology.
- Bonop isn’t just limited to marketplace transactions or auctions. It’s a multifunctional platform that extends to booking services such as hotels, apartments, and holiday homes.
- Users can earn tokens for inviting friends, expanding the platform and through mining, incentivizing long-term engagement.
- Bonop’s roadmap includes a significant advantage for early adopters, with Bonop Tokens at a discounted rate for reservation, as well as airdrop events to reward early supporters and create a sense of shared ownership within the community.
- As more users and businesses adopt Bonop, the platform’s impact on the online marketplace, auction, and booking industries is expected to continue to grow.
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Bitcoinchaser
1M
314
Image Credit: Bitcoinchaser
Shuffle.com Just Dropped SHFL Lottery: Huge Prizes Await Token Holders!
- Popular crypto casino and sports betting site Shuffle has launched the SHFL Lottery.
- Participants can stake SHFL tokens for a chance to win USDC prizes.
- The lottery offers a $1,000,000 prize pool and operates on a provably fair system.
- Staking SHFL tokens also increases chances for future airdrop rewards.
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18 Likes
TronWeekly
1M
157
Image Credit: TronWeekly
Bitcoin: Mystery Coinbase Seller Triggers Sell-Off
- A mystery seller on the Coinbase exchange is triggering a sell-off in Bitcoin.
- The seller consistently offloads significant amounts of BTC, causing sharp declines in price.
- Speculations about the seller's identity include the US government and financial institutions.
- The selling pressure is impacting Bitcoin's liquidity and causing concern in the market.
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9 Likes
Medium
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273
Image Credit: Medium
The Complex Dance of Money and Life: A Personal Reflection on Wealth, Loss, and the Pace of…
- The author reflects on their fortunate upbringing in a balanced family with no major struggles with money or substances.
- At a young age, the author ventured into business and experienced the thrill of making substantial income.
- However, this financial journey also came with volatility and the realization that wealth does not guarantee control over one's destiny.
- The author contemplates the complex relationship between money, life, and the pace at which things change.
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16 Likes
Stackexchange
1M
157
Image Credit: Stackexchange
How is Blockstream Jade's PIN secure?
- The purpose of Blockstream Jade's blind oracle is to not have the encryption key stored in Jade, preventing physical key extraction. It serves as a secure element in an external server to maintain full open-source integrity.
- The secret key to unlock the wallet is obtained through an Elliptic Curve Diffie-Hellman (ECDH) key exchange, which requires correctly setting the PIN.
- The security of the PIN itself is a valid concern, as it is not stored in a secure element.
- If an attacker gains access to the PIN, they could potentially perform the ECDH themselves and obtain the secret key, undermining the overall security.
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9 Likes
Crypto-News-Flash
1M
62
Image Credit: Crypto-News-Flash
Ex-Ripple Executive Highlights XRP’s Superiority Over Bitcoin
- XRP is more scalable than Bitcoin, processing thousands of transactions per second, while Bitcoin handles only a few.
- XRP transactions are significantly cheaper, costing a fraction of what Bitcoin transactions require.
- According to ex-Ripple executive Matt Hamilton, XRP has advantages over Bitcoin in terms of scalability and cost.
- Hamilton highlights that XRP's high throughput and low transaction costs make it a better fit for mass adoption and financial systems.
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3 Likes
TheNewsCrypto
1M
8
Image Credit: TheNewsCrypto
Can Bitcoin Break Through the $62,000 Resistance Level?
- Bitcoin (BTC) is trading at $61,150 after a low of $58,895, signaling a slight recovery.
- Bitcoin hit an intraday high of $61,437 but is struggling to maintain momentum above $61,300.
- Despite a slight uptick in daily trading volume, Bitcoin is struggling to initiate a fresh upward trend.
- The immediate resistance stands at $61,750, with support levels at $59,400 and $58,750.
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