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Bitcoin News
Bitcoinist
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Bitcoin Supporter Takes Shots At XRP Price, It’s ‘Never Going To Happen’
- Max Keiser, a notable Bitcoin supporter, has expressed a negative outlook on the XRP price.
- Keiser believes that an XRP rally, which many community members are waiting for, will never happen.
- The XRP price is currently under pressure due to the SEC's appeal of the Ripple-SEC lawsuit.
- Despite the negative sentiment, some analysts believe that the XRP price chart indicates the possibility of an explosive rally.
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Medium
1M
360
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Blockchain in Machine Learning (ML) and Artificial Intelligence (AI): A Deeper Dive
- Blockchain enhances security, transparency, and decentralization of AI and ML systems.
- AI optimizes blockchain networks for efficiency and scalability.
- The integration of blockchain and AI enables new business models and transformative applications.
- Blockchain ensures secure, transparent, and verifiable data pipelines for AI and ML systems.
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Cryptopotato
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Crypto Community Discusses Len Sassaman, Was He Satoshi Nakamoto?
- An HBO documentary claims to have unveiled the identity of the creator of the Bitcoin network, with Len Sassaman emerging as the top contender.
- Sassaman, an American cypherpunk and cryptographer, had similarities in writing style to Satoshi Nakamoto.
- Sassaman's suicide note consisted of 24 random words, resembling the 24-word seed phrases used in crypto wallets.
- Speculators on Polymarket believe Sassaman has a 36% chance of being the Bitcoin creator, but his widow doesn't share the belief.
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Cryptoslate
1M
0
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Digital asset products globally see $147 million outflow but trading surges 15%
- Digital asset investment products globally faced $147 million in net outflows last week, marking the first net outflow week in the past four weeks.
- Despite the outflows, digital asset products experienced a 15% increase in trading volumes.
- Canada and Switzerland recorded inflows, while the US, Germany, and Hong Kong experienced significant outflows.
- Bitcoin remained a key focus with outflows of $159 million, while Ethereum saw outflows of $29 million.
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Altcoinbuzz
1M
58
Ethereum Inflation Hits 2-Year High, Challenging Deflationary Status
- Ethereum's inflation rate has reached a 2-year high at 0.74%.
- Layer-2 solutions and reduced ETH burns have contributed to the inflationary pressure.
- The increased usage of Layer-2 solutions reduces transactions on the Ethereum mainnet, resulting in less ETH burn.
- Vitalik Buterin proposes reducing the minimum ETH requirement for solo staking to encourage wider participation.
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TheNewsCrypto
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Global Crypto Investment Products Experience $147M Outflow
- Global crypto investment products experienced $147 million outflows last week.
- Trading volumes increased 15% despite reduced investor sentiment
- Bitcoin-based funds led the outflows with $159 million, while short-bitcoin investment products saw a modest net inflow of $2.8 million.
- Despite the outflows, trading volumes for global crypto investment products increased by 15% to $10 billion over the week.
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Altcoinbuzz
1M
4
Telegram to Launch NFT Conversion for New Gifts Feature
- Telegram will soon allow users to convert special animated gifts into NFTs.
- The NFT feature will be available later this year.
- Telegram introduced a new 'Gifts' feature on October 5th.
- Users can convert limited-edition gifts into TON-based NFTs and trade them outside of Telegram.
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NullTX
1M
22
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BITCOIN PRICE ANALYSIS & PREDICTION (October 7) – BTC Resumes Bullish After A Short Pullback, Is $70k The Next Key Target?
- Bitcoin resumes bullish trend after a short pullback and aims for $70k target.
- The recent monthly drop in Bitcoin's price was triggered by the Middle East conflict.
- Bitcoin currently trades at $63,200 and continues to show strength in the market.
- If Bitcoin surpasses previous highs, it may encounter resistance at $68,000 and $70,800.
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Altcoinbuzz
1M
198
UAE Exempts Crypto Transfers from VAT
- UAE exempts crypto transactions from VAT starting November 15, 2024.
- The policy change eliminates the 5% VAT, fostering a more crypto-friendly regulatory environment in the UAE.
- The exemptions will be applied retrospectively from January 1, 2018, potentially allowing for VAT refunds on past crypto transactions.
- This decision positions the UAE as a leader in the digital asset space and may attract more businesses and investors to the country.
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Newsbtc
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XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope
- XRP, the native coin of Ripple, has lost about 16% of its value in October 2024 due to the US SEC's appeal in its ongoing lawsuit against Ripple.
- Analysts remain mixed with skepticism but are optimistic about recovery and see potential for a rebound in XRP's price.
- Whale activities have been observed with significant XRP transfers to exchanges, which has sparked interest among traders.
- XRP's future heavily depends on the outcome of the legal battle with the SEC, with potential consequences ranging from further losses to a sharp decrease in price.
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Blockonomi
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198
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Op-Ed: Analyzing Bitcoin’s Shift from Electronic Cash to Global Asset
- Bitcoin was created as a peer-to-peer electronic cash system, and the word 'cash' appears in the Bitcoin whitepaper. Fifteen years later, Bitcoin has become a global asset and an asset class, and people want to hold it because it rises in value based on fiat currency.
- However, this vicious cycle of value appreciation means that people will not use Bitcoin as intended, as cash, and this is a problem.
- Crypto assets have become a problem for digital cash, which is the foundation of any financial system. Cash is used to value assets, and people cannot spend real estate at the supermarket.
- Crypto ETF inflows remove supply from the market, and there is no crypto central bank to regulate it. This means that the less supply there is, the greater the price swings, especially when there is increasing interest in assets.
- Cryptos should have been used as cash, but instead, they have become assets that are highly leveraged to global liquidity flows, creating growing security concerns.
- Stablecoins are a huge force in global payments, and they allow nations to trade without using the US-controlled financial system.
- However, there is a dark side to stablecoins. They are easy to monitor and freeze, and there is a growing demand for USDT, which is a defacto demand for US debt.
- Central Bank Digital Currencies (CBDCs) are coming, and they will further disuse cryptos as a currency. By contrast, cryptos will forever remain a volatile asset on the edge of the macro liquidity ecosystem, unless they can fulfill their goal of being a peer-to-peer electronic cash system.
- Cryptos were supposed to empower decentralization and create a global economy of peers, but now Bitcoin and other cryptos are locked away as assets for those who have them.
- Bitcoin was not designed to create wealth via price appreciation, but this is what it has become – a speculator’s dream.
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Cryptoticker
1M
180
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Bitcoin Price Nears $64K: What's Next?
- Bitcoin’s market share has surged to 54%, the levels not seen since 2021.
- Bitcoin's current price is $63,254 with a 24-hour trading volume of $92.14 billion and a market cap of $1.25 trillion.
- Bitcoin's market dominance has recently surged, owing to the challenges faced by alternative cryptocurrencies (altcoins) that makes it a better option.
- Institutional interest in Bitcoin from companies like Japan’s Metaplanet has increased its market dominance and helped to boost investors' confidence.
- The sentiment for Bitcoin's price prediction is bullish and the Fear & Greed Index stands at a neutral level of 50.
- With its capped supply of 21 million BTC and growing interest from institutional investors, Bitcoin is poised to maintain its upward momentum and solidify its position as a dominant force in the crypto space.
- Bitcoin's sheer liquidity supports the potential for further price increases.
- Considering Bitcoin's strong performance and increasing market dominance, its price has the potential to reach new all-time highs around $75,000 to $80,000.
- The future of Bitcoin's price growth will be influenced by various external factors, including macroeconomic conditions, global regulatory developments, and investor sentiment within the broader crypto market.
- If favorable conditions persist, the price could surge well beyond its previous highs, potentially aiming for the $100,000 mark or higher in the longer term.
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Altcoinbuzz
1M
157
New Ethereum Proposal Could Boost Efficiency by 50%
- A new Ethereum proposal, EIP-7781, aims to boost efficiency by 50%.
- If approved, the plan would reduce block times from 12 seconds to 8 seconds.
- The proposal also aims to increase the data capacity by increasing the size of temporary data structures known as 'blobs.'
- However, there are concerns that shorter block times could create issues for solo stakers.
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Cryptoslate
1M
49
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Metaplanet buys average of 34 BTC per day in October Bitcoin buying spree
- Metaplanet has acquired an additional 108.786 BTC for ¥1 billion, equivalent to about $6.7 million, in October.
- Metaplanet has been aggressively increasing its Bitcoin reserves, acquiring around 130 BTC this month.
- The latest purchase amounts to an average of 34.3 BTC daily purchases throughout October.
- Metaplanet plans to acquire an additional ¥7.5 billion ($50.5 million) worth of Bitcoin by the end of 2024.
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TheNewsCrypto
1M
4
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Metaplanet Boosts Bitcoin Holdings with ¥1 Billion Investment
- Metaplanet, a publicly traded Japanese company, has disclosed adding 108.78 BTC to its Bitcoin holdings.
- The company's total investment in cryptocurrencies has reached 6 billion Japanese Yen.
- Metaplanet earned $1.4 million worth of Bitcoins in revenue last week through Bitcoin options trading.
- The company's shares are trading at about 988 JPY, with year-to-date gains of 544%.
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