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Bitcoin News
Bitcoinist
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Image Credit: Bitcoinist
Crypto Clash: Texas Residents Sue Marathon Digital Over ‘Unbearable’ Bitcoin Mining Noise
- A group of residents from Granbury, Texas, has sued Marathon Digital Holdings, a major crypto mining firm, over excessive noise and vibrations.
- The lawsuit claims that the noise from the Bitcoin mining facility near their homes has caused health issues and disrupted their daily lives.
- Residents are demanding immediate action to mitigate the noise pollution or shut down the mining facility altogether.
- The plaintiffs are also seeking compensation for damages and a permanent injunction against the facility to prevent further disturbances.
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Altcoinbuzz
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Caroline Ellison Agrees to Asset Turnover in FTX Settlement Deal
- FTX has filed a motion seeking court approval to settle with former Alameda Research CEO, Caroline Ellison.
- Under the proposed agreement, Ellison will hand over almost all of her assets to FTX creditors, except for those forfeited to the government or set aside for legal fees.
- As part of the deal, Ellison has agreed to assist FTX with its ongoing investigations.
- The settlement comes after FTX sued Ellison in 2023 for fraudulent transactions and abuse of her executive role.
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Cryptoslate
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Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources
- Ethiopia is emerging as a key player in Bitcoin mining, with local operations using 600 MW of power.
- Most mining facilities in Ethiopia use affordable and energy-efficient mid-generation machines.
- Ethiopia is expected to add more capacity by the end of the year, strengthening its position in the global mining market.
- The country's focus on renewable energy aligns with its government's support for Bitcoin mining.
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TheNewsCrypto
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How the Bitcoin ETF Changed BTC for the Better
- Bitcoin ETF has changed BTC for the better, legitimized it as an asset and ensured a regulated and secure way to gain exposure to BTC without the challenges of direct ownership.
- After the SEC rubberstamped ETFs, pension funds can list Bitcoin on their balance sheets and institutional investors invest without any challenge.
- Major industry players had to tighten up their compliance, security, and reporting to establish the Trust needed to create the ETF, thus enhancing the Crypto industry for all participants.
- Bitcoin ETFs since January have accrued over $18.5 billion in net flows and it has broken records on Wall Street with Bitcoin hitting price records this year.
- Bitcoin ETFs have made it easier for institutions to allocate funds to crypto acting as a price stabilizer,due to large institutional inflows giving long-term support to Bitcoin’s price.
- Bitcoin spot ETFs have helped to create more liquid trading conditions, thanks to liquidity from large institutional players improving overall market depth.
- Bitcoin ETF is not for a true hardcore believer wanting custody of their own coins but for ordinary investors who want to get involved without managing their own wallet.
- ETFs can be accessed by a much wider tranche of investors than is commonly perceived.
- For every aspect except the technical and ideological perspective, the ETF has been a genuine game-changer for Bitcoin, crowning its 15-year ascent.
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Altcoinbuzz
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Mythos Drives 3.6M New Users to Polkadot Network
- Mythos contributed more than 3.6 million accounts to the Polkadot network.
- Mythos is widening the network's presence in the Polkadot ecosystem.
- Polkadot's scalability, security, and decentralization make it an ideal platform for Mythos.
- Polkadot is ready for mass adoption, and Mythos is playing a leading role in bringing new users to the platform.
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Crypto-News-Flash
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188
Image Credit: Crypto-News-Flash
Rising Bitcoin Hash Rate Causes Miner Revenue Decline in September
- Bitcoin miners revenues dropped in September due to a rising network hash rate and increasing mining difficulty.
- The network hash rate increased by 2%, reaching 643 exahashes per second (EH/s), causing mining difficulty to peak and reducing miners' average income per exahash by 6%.
- Miners faced challenges from lower rewards and higher costs after the halving, resulting in reduced profitability.
- Some mining companies are exploring diversification into artificial intelligence and high-performance computing to sustain their operations.
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Bitcoinsensus
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Money Electric: The Bitcoin Mystery Movie Calls Peter Todd Satoshi
- The HBO movie Money Electric: The Bitcoin Mystery has been released
- Cullen Hoback presents compelling arguments that Peter Todd is Satoshi Nakamoto, but there is no conclusive evidence or comments from Peter Todd himself
- The film highlights the importance of Satoshi's identity given Bitcoin's prominence in the financial system
- The movie raises questions about the impact of Satoshi's anonymity and the need to uncover the truth
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Altcoinbuzz
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Google Integrates ENS: Search for .eth Names and Balances
- Google has integrated Ethereum Name Service (ENS) into its search functionality.
- Users can now search for .eth names and view associated wallet balances directly in Google Search.
- This makes it easier to send and receive cryptocurrencies using simple names instead of long wallet addresses.
- PayPal and Venmo have also integrated ENS, allowing users to transfer cryptocurrency using easy-to-remember names.
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Bitcoinchaser
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Creepy Carnival at BitStarz: Level Up and Grab Your Rewards!
- BitStarz is back with its latest loyalty program tournament—the Creepy Carnival: Level Up Adventure.
- Players have until November 8, 2024, to climb through 41 levels and win various rewards.
- The ultimate prize is a $20,000 cash reward at level 41.
- Players can enjoy spooky-themed slots and earn prizes by playing their favorite games on BitStarz.
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8 Likes
Blockonomi
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Bitcoin ETFs See $18.58M Outflow, Ethereum Funds Follow Suit
- Bitcoin ETFs saw $18.58 million net outflows on October 8, 2024
- Fidelity’s FBTC led outflows with $48.82 million
- BlackRock’s IBIT bucked the trend with $39.65 million inflows
- Ethereum ETFs also saw $8.19 million in net outflows
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Bitcoinist
1M
359
Image Credit: Bitcoinist
Bitcoin Bullish Q4 Narrative Fueled By FTX Repayment Developments: Report
- Bitcoin price could benefit from developments in the FTX bankruptcy saga.
- Recent developments in the FTX estate creditor repayment process could help Bitcoin maintain its bullish price momentum in Q4 2024.
- Creditor payouts are expected to start rolling out in the latter half of Q4 2024 and continue into early Q1 2025.
- Approximately $2.4 billion of the remaining $8 billion could potentially re-enter the markets, having a relatively muted impact on the overall crypto market.
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21 Likes
TheNewsCrypto
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359
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Bitcoin (BTC) Slides Under the Bearish Cloud at $62K
- Bitcoin (BTC) is currently hovering at $62K after losing 0.42% in the last 24 hours.
- BTC has entered into the neutral zone as the Fear and Greed Index stays at 49.
- Bitcoin's intraday high was $63,174 and the low was $61,843.
- BTC is facing a bearish trend as the Moving Average Convergence Divergence (MACD) indicator suggests decreased buying pressure.
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21 Likes
Altcoinbuzz
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Coinbase Now Supports Bitcoin Transactions to Taproot Wallets
- Coinbase now supports Bitcoin transactions to Taproot wallets.
- Taproot is an upgrade for Bitcoin that improves functionality and privacy.
- With this update, Coinbase users can send Bitcoin to wallets supporting Ordinals and Runes.
- This update opens up new possibilities for projects and innovation in the Bitcoin community.
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Coinpedia
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Is HBO’s Documentary Just Another Conspiracy Theory on Satoshi?
- The HBO documentary 'Money Electric: The Bitcoin Mystery' has faced criticism for its baseless revelation of the identity of Satoshi Nakamoto.
- The documentary presented Peter Todd as Satoshi but failed to provide enough evidence to support the claim.
- Peter Todd strongly denies the allegations made by the documentary and clarifies that he was just correcting Satoshi's statement.
- The crypto community has rejected the documentary's theory, comparing it to conspiracy theories and demanding concrete evidence.
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Bitcoinchaser
1M
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Image Credit: Bitcoinchaser
This Week’s New Casino Games on Shuffle: October 7-11, 2024
- Shuffle has launched several new casino games for its players including Fortune Hit’n Roll by Pragmatic Play, Joker’s Wild Ride – Halloween by Spinomenal and Rabid Randy by Netent.
- Fortune Hit’n Roll has a 5×5 slot grid with 40 paylines and Wild symbols that can turn into Forged Wilds. The game also offers free spins and a chance to trigger bonus games which can be triggered when all Wilds become sticky.
- Joker's Wild Ride- Halloween allows players to win up to 50 free spins with special features such as Extra Wilds and Re-Spin Expanding Wilds.
- Rabid Randy by Netent is a high-volatility, diamond-shaped slot featuring 20 paylines. Players can win free spins where the multiplier can go up to 1,000x.
- Super Twins by Backseatgaming offers special features like a wheel that can make the game more exciting by deciding the number of free spins you get.
- El Dorado Fruits by Amigo is an online slot that features 100 paylines. It offers a vibrant atmosphere with a mix of historical and fruity symbols, expanding wild symbols along with scatter symbols that enhance gameplay.
- On Thursday, October 10th, 2024, Shuffle will launch 11 new games such as Howling for Gold by Booming and Chests of Cai Shen by Pragmaticplay.
- Shuffle updates its list of games every week to keep players informed about the latest and best options, giving more chances to win great prizes.
- Enjoy this week’s games, and don’t forget to check back next week for even more new titles and opportunities to win!
- Stay tuned for more details as the week goes on, and we’ll keep you updated on the latest from Shuffle!
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