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Crypto-News-Flash
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Cardano Remains “Number 1,” Says Hoskinson, Despite ADA’s Underperformance
- Cardano's Charles Hoskinson asserts that Cardano is the number one blockchain in the industry.
- Despite this claim, the price of Cardano's native token, ADA, is struggling and predicted to drop to $0.23.
- Cardano recently transitioned into a fully decentralized structure, with the largest layer 1 on-chain governance.
- Hoskinson criticizes Ethereum as a 'dictatorship blockchain' and emphasizes Cardano's focus on efficiency and decentralization.
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9 Likes
Bitcoinist
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US Bitcoin ETFs See $300 Million Weekly Outflow After Three-Week Inflow
- US Bitcoin ETFs saw a net outflow of $301 million for the week, marking the first weekly outflow since September 6.
- The outflow comes after three consecutive weeks of inflows, with the previous week recording a total net inflow of $1.11 billion.
- Spot Ethereum ETFs also experienced a net outflow of $30.69 million for the week, despite $7.39 million in inflows on the last day.
- US-based Spot Bitcoin ETFs hold $57.73 billion worth of Bitcoin, approximately 4.68% of the total Bitcoin market cap.
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Cryptopotato
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Bitcoin Miner TeraWulf Sells 25% Stake in Nautilus for $92 Million
- Bitcoin mining firm TeraWulf has sold its 25% stake in the Nautilus Cryptomine joint venture to its partner, a subsidiary of Talen Energy, for $92 million.
- TeraWulf plans to use the funds to expand its operations at the Lake Mariner facility and increase its mining capacity.
- The company is strategically monetizing its interest in a power contract and ground lease set to expire in 2027 to focus on its New York facility and benefit from lower power costs.
- TeraWulf's second-quarter earnings report showed mixed results, with decreased BTC mining but slightly higher revenue.
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Bitcoinist
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Research Highlights Bitcoin And Crypto Stance As Important Factors In Upcoming US Elections
- A recent survey conducted by Consensys highlights the growing importance of the crypto industry among young voters.
- 92% of crypto owners in the US plan to vote for the next president, with 49% considering a pro-crypto stance important.
- 44% of voters believe that the US government is not doing enough to encourage the growth of the crypto industry.
- 19% of US voters currently own crypto, with Bitcoin being the most common asset.
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21 Likes
TronWeekly
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Bitcoin Poised For Breakout With $100K Target Amid Global Economic Trends
- Bitcoin is expected to revisit the $62.4K level soon, a key support and resistance point.
- Bitcoin's consolidation phase may end with a sharp upward move in weeks.
- Global economic factors and institutional accumulation suggest BTC may hit $100K soon.
- Bitcoin exchange traded funds (ETFs) are accumulating, signaling institutional interest.
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13 Likes
Zycrypto
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Will Argentina Take the Leap to Make Bitcoin Legal Tender Like El Salvador? Experts Weigh In
- Speculation is growing about whether Argentina will follow El Salvador in making Bitcoin legal tender.
- President Javier Milei, known for his pro-cryptocurrency stance, has been taking steps towards embracing cryptocurrencies.
- Argentina's economic woes, including high inflation and currency devaluation, have fueled crypto enthusiasm.
- While the government is pro-crypto, experts are divided on whether Argentina will fully adopt Bitcoin as legal tender.
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5 Likes
Bitcoinchaser
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The 2024 Bitcoin Poker Championship: SwC Poker’s Main Event
- The 2024 Bitcoin Poker Championship (BPC) on SwC Poker is set to take place from October 11th to October 27th.
- The series offers a variety of events for players, with buy-ins ranging from 250 μBTC to 7,500 μBTC and a total of 2.4 BTC in guaranteed prize pools.
- Highlights of the championship include high stakes events featuring different poker variants, culminating in the 2024 BPC Championship Event with a guaranteed prize pool of 150,000 μBTC.
- SwC Poker, a Bitcoin-only platform, offers a seamless and anonymous poker experience with fast, secure, and low-cost transactions.
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22 Likes
Bitcoinist
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US Spot ETFs Hold 4.6% Of Bitcoin Supply – Is BTC Institutional Demand Growing?
- US spot exchange-traded funds (ETFs) hold 4.6% of Bitcoin's total supply, valued at $58 billion, indicating growing institutional demand and potential price stability.
- The entry of institutional money signifies Bitcoin's acceptance as a legitimate investment option and highlights its ability to diversify portfolios and hedge against inflation.
- The balance growth in Grayscale's Bitcoin Mini Trust holdings further demonstrates strong institutional demand.
- Bitcoin's price at $61,800 faces a critical challenge to reclaim the 1-day 200 moving average and maintain momentum, which will determine its short-term trajectory.
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TheNewsCrypto
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Investors Brace for US CPI Data Amid Inflation and Job Report Concerns
- Traders are eagerly awaiting the US Consumer Price Index (CPI) data, which is crucial in understanding inflationary pressure.
- Expectations are that the consumer price index will fall from 0.2% in August to 0.1% in September, with a year-over-year inflation rate of 2.3%.
- The Core CPI, excluding energy and food costs, is anticipated to decrease to 0.2% from 0.3% in the previous month, while staying at 3.2% for the year.
- The cryptocurrency market is holding its breath, with potential for a rise if inflation data is lower-than-expected, but risks of stronger selling pressure if it reflects a hotter level.
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Bitcoinik
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Bitcoin bull firm MicroStrategy hiring “Bitcoin Advocacy Manager”
- MicroStrategy, the software firm led by former CEO Michael Saylor, is hiring a Bitcoin Advocacy Manager.
- The role involves organizing the 'Bitcoin for Corporations' conference, promoting Bitcoin education, and setting up a Bitcoin community center in Washington, DC.
- MicroStrategy wants to increase Bitcoin adoption and awareness through this position.
- The company currently holds 252,220 bitcoins on its balance sheet, with a profit of 69%.
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19 Likes
Newsbtc
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72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
- 72% of ETHUSDT traders on Binance have taken long positions.
- This surge in long positions follows a week of Ethereum trending downwards.
- The majority of Binance perpetual traders are going long on Ethereum, indicating a general bullish sentiment for the longer term.
- Spot traders in the wider crypto market show a more neutral stance on Ethereum.
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Coin Telegraph
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BTC short-term holders 'likely taking on more risk' as realized cap spikes by $6B
- Bitcoin short-term holders are “likely taking on more risk” as long-term holders “likely taking profits”.
- Short-term holders are turning bullish on Bitcoin as Q4 2024 begins.
- Over the past seven days, short-term holders realized capitalization has jumped by $6 billion.
- This spike in buying activity indicates a more positive sentiment among short-term holders as the crypto market transitions from Q3 to Q4.
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Coinpedia
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Bitcoin Price Prediction: $68K Target in Sight After Extended Pause, Here’s What’s Next
- Bitcoin is currently moving within a descending broadening wedge pattern, indicating bearish momentum.
- Resistance at $67,000-$68,000 is crucial for a bullish shift.
- Support at $60,000-$61,000 has resulted in a bounce, with short-term resistance at $63,000 and $64,200.
- The DXY's recent bullish spike has influenced Bitcoin, but low weekend volatility may lead to stable price action.
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13 Likes
Stackexchange
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"code": 210, "message": "Ran out of routes to try after 15 attempts: see `paystatus`" Why aren't my payments going through?
- The user is experiencing payment failures on their core-lightning node.
- Payments are failing with the 'Ran out of routes to try after X attempts' error message.
- Increasing the fee percentage does not solve the problem.
- Payments do not fail when trading on robosats, but mostly fail with kucoin and bitrefill.
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2 Likes
Stackexchange
1M
447
Image Credit: Stackexchange
Core Lightning: "Ran out of routes to try after 15 attempts [...]" Why aren't my payments going through?
- The payments you attempt to make through your core-lightning node have been failing with the message 'Ran out of routes to try after 15 attempts'. Increasing the fee to 2% has not solved the problem, and payments never fail when trading on robosats but almost always fail with Kucoin and Bitrefill. You have six active private channels and one inactive private channel. Your listpeers and listpeerchannels output suggests that you are not being censored.
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26 Likes
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