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Bitcoin News
Coinpedia
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Will Bitcoin Price Crash? $5.64 Billion in Profits Cashed Out
- $5.64 billion in realized Bitcoin profits were recorded in the past 24 hours.
- Bitcoin could drop to $58,000 or lower if it breaks and closes a daily candle below $60,000.
- Currently, 54.05% of top traders hold short positions, while 45.95% hold long positions.
- The bearish price action pattern and significant profit-taking suggest a potential price decline for Bitcoin.
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Pymnts
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Stablecoins, Payments and Court Battles Define This Week in Web3
- Coinbase plans to potentially delist stablecoins that do not comply with Europe's new regulations.
- Stablecoins are being hailed as the future of payments and business transactions.
- Legal battles continue with Ripple fighting against the SEC and Crypto.com filing a lawsuit against the agency.
- MindArk aims to create the first AI-generated and -operated metaverse with a real cash economy.
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Bitcoinist
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Bitcoin On-Chain Activity Heats Up: Active Addresses Count Sees Sudden Rebound
- The number of active Bitcoin addresses has rebounded sharply, indicating renewed interest and network activity.
- This resurgence follows a lengthy downtrend of active addresses, signaling a possible shift in market dynamics.
- Crypto analysts anticipate a 2x to 5x rise in the value of Bitcoin in the upcoming months, potentially reaching a new all-time high.
- The BTC Puell Multiple Indicator suggests the end of bear markets, fueling optimism for a new peak in Bitcoin's price.
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Tokenhell
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Ryan Salame Seeks Two-Month Extension on Prison Term After Dog Attack
- Ryan Salame, former co-CEO of FTX Digital Markets, has filed a request to postpone the start of his prison sentence for a second time due to ongoing medical treatment after a dog attack in June.
- Salame's legal team argues that he is still undergoing treatment and is not yet physically ready to begin his prison term.
- The government opposes the request, stating that no further extensions should be granted as both parties had agreed to the October 11 surrender date.
- Salame's sentencing is connected to the broader fallout from the collapse of FTX, and creditors are preparing to receive $6.6 billion in repayments.
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Bitcoinist
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Unmasking The Bitcoin Inventor: Why HBO’s Satoshi Reveal Falls Short
- The HBO documentary “Money Electric: The Bitcoin Mystery Documentary” claims that Peter Todd, a Bitcoin core developer, is Satoshi Nakamoto, but the evidence presented is inconclusive.
- The documentary suggests that Todd used a pseudonym for credibility, but there is no evidence of his involvement in cryptography or computer science prior to 2012.
- An alleged 2010 BitcoinTalk post from Todd's account is brought up as evidence, but critics argue that the timing and content of the post do not support the claim.
- The documentary also claims that Todd's introduction of the RBF protocol in 2014 was part of a pre-planned long-term strategy by Satoshi, which industry experts refute.
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Medium
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Krypital Group September Review
- In September, deBridge hit a significant milestone, surpassing $4.1 billion in total transaction volume across its ecosystem, marking a strategic move in bridging Bitcoin liquidity to alternative chains.
- ZeroLend launched an exclusive market for BTC-based restaking tokens in collaboration with Pendle and EtherFi, and also officially launched on Base with AerodromeFi.
- Injective introduced new real-world asset (RWA) markets including tokenized stocks, ETFs, and real estate, as well as launched the first-ever perpetual market for BlackRock's BUIDL ETF.
- Pyth Network launched Oracle Integrity Staking (OIS), incentivizing high-quality data for over 500+ real-time price feeds enhancing data integrity across DeFi.
- Raiinmaker introduced the AI Reputation system, allowing users to earn rewards based on their contributions to training decentralized AI models, and partnered with Jambo to democratize Web3 and AI in Africa, Southeast Asia, and Latin America.
- SolvBTC.BBN Integration with SatLayer allows stakers to earn additional rewards on Babylon ecosystem, while Solv Protocol introduced SolvBTC.CORE, a liquid staking token for Bitcoin, in collaboration with the Core ecosystem.
- Autonomys is preparing for a two-phase mainnet launch, with Phase-1 in October 2024 focusing on the core consensus layer, and Phase-2 in Q1 2025 introducing the domain layer.
- Glassnode report highlights that recent market activity for Bitcoin shows resilience despite volatility, with demand playing a key role in mitigating more significant declines, and market corrections remaining milder compared to prior bull markets.
- According to CryptoQuant and Coinglass, Ethereum futures funding rates show renewed optimism, signaling that traders are showing a renewed willingness to open long positions in the perpetual futures market, and further fueling bullish sentiment in the crypto space.
- Krypital Group is a leading global venture capital firm and blockchain incubator, investors and incubators to more than 100 projects.
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TronWeekly
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Bitcoin Faces Key Resistance: Key Factors Driving A Potential Surge In 2024
- Bitcoin faces resistance at key levels, with analysts cautioning that a breakdown below support may trigger a bearish trend.
- The upcoming U.S. election and rising Trump support could influence Bitcoin's price, as historical trends suggest potential gains.
- BTC's strength above the bull market support signifies potential upside movement according to Daan Crypto Trades.
- Bitcoin's price consolidation and resistance need to be surpassed for a potential surge in the cryptocurrency market.
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10 Likes
Bitcoinist
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XRP ETF Round 2: Canary Capital’s Latest Move In The US Market
- Crypto investment company Canary Capital has submitted an application for a second XRP exchange-traded fund (ETF) in the United States.
- The filing demonstrates a bold approach to XRP's long-term potential despite legal and regulatory uncertainty surrounding the asset.
- Canary Capital's ETF filing reflects institutional interest in XRP and provides a regulated way for investors to gain exposure to the asset.
- If approved, the ETF would offer large investors a clear pathway to enter the XRP market and potentially signal a new stage of maturity for XRP.
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Bitcoinchaser
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Where And How to Bet on Water Polo Using Crypto
- Crypto sportsbooks are becoming a favored choice for water polo fans looking for an innovative way to bet.
- Anonymity, faster transactions, security, global access, and exclusive bonuses are some advantages of betting on water polo with crypto.
- Choose a sportsbook, create an account, deposit crypto, place your bet, and withdraw your winnings using a crypto betting site.
- Water polo betting offers bet types such as match bets, total bets, handicap bets, and prop bets.
- Live betting is an exciting option available at many crypto sportsbooks, allowing you to place bets during a water polo match.
- Understanding teams and players, focusing on goalkeepers, checking head-to-head statistics and betting on major tournaments are some tips to improve your chances of winning.
- FINA Water Polo World League, Olympic Games, European Water Polo Championship, British Water Polo League, and Water Polo World Cup are some of the top events for betting on water polo.
- Betting on water polo using cryptocurrencies offers a fresh, exciting, and secure way to enjoy the sport.
- With the right strategy and research, you can make smart bets and increase your chances of winning, and with the added convenience of crypto transactions, betting has never been easier.
- So dive into the action, pick a great crypto sportsbook, and start betting on your favorite water polo matches!
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Insider
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A new HBO documentary suggests bitcoin's creator is Canadian programmer Peter Todd
- A new HBO documentary suggests the identity of bitcoin's inventor is Canadian programmer Peter Todd.
- The documentary examines Todd's involvement and points to a 2010 forum post as evidence of his connection to Satoshi Nakamoto.
- However, Todd denies being the creator and says the claim is ludicrous.
- The true identity of bitcoin's creator, Satoshi Nakamoto, remains unknown and has been a topic of debate for years.
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Cryptoticker
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Peter Todd Denies Being Satoshi Before HBO Doc Release
- Bitcoin developer Peter Todd denies being Satoshi Nakamoto before the release of HBO documentary 'Money Electric'.
- Todd accuses filmmaker Cullen Hoback of 'grasping at straws' and using coincidence-based logic to link him to Satoshi Nakamoto.
- The documentary fails to provide concrete evidence linking Todd to Satoshi Nakamoto, leaving the identity of Bitcoin's founder unresolved.
- Speculation continues regarding the identity of Satoshi Nakamoto, as the Bitcoin mined by Satoshi has never been moved.
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Cryptoslate
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Bitcoin may hit $80K if crypto ‘animal spirits’ awaken, says Bitwise CIO
- Bitwise's Chief Investment Officer, Matt Hougan, believes Bitcoin could reach new all-time highs of $80,000 if certain conditions are met.
- The outcome of the US election, economic conditions, and stability in the crypto industry are key factors that could influence Bitcoin's upward trajectory.
- Hougan suggests that if the US election doesn't result in a complete Democratic victory, Bitcoin could climb to $80,000.
- Additionally, economic developments, including Federal Reserve rate cuts and fiscal stimulus from China, could contribute to Bitcoin's potential rally.
- Stability within the crypto industry, avoiding major disruptions and surprises, is another important factor for Bitcoin's success.
- Broader positive sentiment in the crypto market, referred to as 'animal spirits', could also boost Bitcoin's short-term performance.
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Bitcoinsensus
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Taiwan to Allow Banks to Offer Crypto Custody Services
- Taiwan's financial regulator, the Financial Supervisory Commission (FSC), has announced that it will allow banks to offer crypto custody services.
- This move aims to enhance security and reliability for cryptocurrency-related operations in the country.
- The FSC plans to establish strict security standards to ward off cyberattacks and fraud against digital assets.
- The regulator will start receiving applications from financial institutions for the pilot program in the first quarter of 2025.
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18 Likes
Silicon
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Canadian Crypto Expert Denies He Is Satoshi Nakamoto
- Canadian crypto expert, Peter Todd, denies being Satoshi Nakamoto.
- HBO documentary claims Todd is the creator of Bitcoin (Satoshi Nakamoto).
- Evidence presented includes Todd's technical ability and relationship with Adam Back.
- Todd dismisses the claims as 'ludicrous' and denies being Nakamoto.
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21 Likes
Bitcoinsensus
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Scroll Token Joins Binance Launchpool with zkEVM Solution
- Scroll Token (SCR), a layer 2 zkEVM, is now available on Binance Launchpool
- Users can stake BNB and FDUSD to farm SCR tokens until October 10
- Trading in the Pre-Market will begin on October 11 with SCR/USDT pairs
- Scroll (SCR) offers a promising solution to Ethereum's scalability issues through its zkEVM rollup technology
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