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Zycrypto
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IMF Continues To Pressure El Salvador To Scale Back Its Bitcoin Experiment
- The International Monetary Fund (IMF) is pressuring El Salvador to scale back its Bitcoin experiment.
- IMF spokesperson Julie Kozack recommended El Salvador narrow down the scope of its Bitcoin legislation and strengthen regulatory oversight.
- The IMF also suggested limiting the public sector's exposure to Bitcoin.
- El Salvador's President Nayib Bukele remains optimistic about the Bitcoin experiment despite admitting that adoption has fallen short of expectations.
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Newsbtc
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Dogecoin Whales Scoop Up 1 Billion DOGE: Time For Rally To Return?
- Dogecoin whales have been on a buying spree, accumulating over 1 billion DOGE in the past 24 hours.
- The behavior of these large investors, known as the whale cohort, can influence the market and reflect in the cryptocurrency's price.
- The previous accumulation by the whales led to a rally in DOGE's price, and it's possible that the current buying spree may result in a similar outcome.
- Dogecoin has already shown a rally of almost 5% in the last 24 hours, indicating the potential bullish effect of the whale buying.
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Crypto-News-Flash
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Bitcoin Core 28.0 Update: Fixes High-Risk Vulnerability and Boosts Decentralization
- Bitcoin Core 28.0 version has been released to patch vulnerabilities and enhance decentralization.
- The update fixes a high-risk vulnerability and improves security and privacy.
- The new version allows up to 125 peer connections and 11 outbound connections.
- Bitcoin price could fall to $42k if it fails to break the upper trendline.
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Newsbtc
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Ethereum: 108,000 ETH Sent To Crypto Exchanges, Will Price Revisit $2,200?
- Ethereum (ETH) has seen a 10.3% drop from last week’s highs following the recent market downturn.
- Several Ethereum whales have sent large amounts of ETH to crypto exchanges, fueling bearish sentiment.
- Some analysts predict ETH could revisit lower levels, with a potential drop to $2,200.
- To see a potential bounce, Ethereum must reclaim the $2,400 resistance level.
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Bitcoinsensus
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Trump Backs Ross Ulbricht as He Begins 12th Year in Prison
- Former US President Donald Trump has expressed support for Ross Ulbricht, the founder of Silk Road, as he begins his 12th year in prison.
- Ulbricht, who created the online marketplace Silk Road operating on the dark web, was given a controversial sentence of two life terms plus 40 years without parole.
- Trump's support for Ulbricht resonates with some crypto enthusiasts who see him as a pioneer of digital freedom, despite his illegal activities.
- Trump has promised to commute Ulbricht's sentence on day one if elected, as many believe the sentence to be excessive and his case raises questions about cryptocurrency use for illicit transactions.
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Coinpedia
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Bitcoin Price Analysis: Can BTC Overcome October’s Market Challenges?
- The Bitcoin market opened with a bearish candlestick and struggles to break above the opening price of October 1.
- A recent analysis report suggests a shift in market behavior of long-term and short-term Bitcoin holders.
- Realized cap of long-term holders dropped, indicating negative sentiment, while realized cap of short-term holders increased, indicating positive sentiment.
- Bitcoin price experienced rejection at the Realized Price level, signaling a potential short-term correction.
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Coinpedia
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Tom Lee’s Bold Bitcoin Prediction: Spot ETF Approval Could Spark $150K Surge
- Tom Lee predicts that if a Bitcoin spot ETF is approved outside the US, Bitcoin could surge to $150,000 or even $180,000.
- Lee believes the approval of a spot ETF would unlock massive demand from institutional investors and contribute to a strong price rally.
- Growing cash reserves and potential market re-entry point to future growth and stability in the crypto market.
- Tom Lee highlights the potential of international markets, including China, for diversifying portfolios amid domestic volatility.
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Bitcoinik
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BlackRock is now the biggest Bitcoin advocate, while IMF urges Bitcoin bull country to narrow BTC support
- El Salvador, which adopted Bitcoin as a legal currency in 2021, is being urged by the IMF to reduce Bitcoin adoption efforts.
- IMF suggests narrowing the scope of the Bitcoin law, strengthening regulatory framework, and limiting public sector exposure to Bitcoin.
- El Salvador President Nayib Bukele has not responded to the IMF's comments, indicating his determination for Bitcoin adoption.
- BlackRock, a major financial firm, is advocating for Bitcoin adoption and highlighting the decline of the US dollar's purchasing power.
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Bitcoinchaser
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The Best Daily Slot Tournaments at Crypto Casinos
- Daily slot tournaments are becoming popular at crypto casinos where players can compete against each other to earn the most points, highest bets or hit the biggest multipliers within a 24-hour window.
- Rewards may include cash prizes to free spins or even crypto bonuses depending on the crypto casino.
- Some of the top daily slot tournaments that players can join at different crypto casinos include Stake's $100K Daily Race, BitStarz's Jackpotz Mania, mBit Casino's mBit Races, Jackbit's Free Spins Rush, 7Bit Casino's Slot Cyclone, and BetChain's Daily Chain Explosion.
- To participate in a slot tournament, players need to choose a casino, sign up and deposit funds followed by joining the tournament and start playing.
- The benefits of playing slot tournaments at crypto casinos include faster payouts, anonymity and no currency hassles. Generous bonuses, such as Bitcoin cashback and free spins, are also on offer at many crypto casinos.
- Tips to maximize wins include having a fast game pace, placing larger bets responsibly within budget, staying focused, and understanding the game and its features.
- Most crypto casinos provide a demo mode for players to try a game before entering.
- Daily slot tournaments offer an exciting mix of competition and big rewards that are worth checking out for casual players or high-rollers.
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Bitcoinist
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Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green – CryptoQuant
- Bitcoin's recent price swings are raising bearish sentiment among enthusiasts and investors.
- Positive developments around Coinbase Premium indicate a potential short-term rally for Bitcoin.
- The Coinbase Premium measures BTC's price differences on Coinbase and other exchanges, showing buying pressure from institutional investors.
- Despite a recent price correction, increased demand from US investors suggests Bitcoin could rebound in the short term.
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Bitcoinik
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Big speculation claims “Len Sassaman” is Satoshi Nakamoto, the founder of Bitcoin
- Speculation suggests that Len Sassaman is the true Satoshi Nakamoto, the founder of Bitcoin.
- An upcoming HBO documentary aims to uncover the real identity of the Bitcoin creator.
- Many believe Len Sassaman, a deceased cypherpunk, is the most likely candidate.
- Previous attempts to reveal the true Satoshi Nakamoto have been unsuccessful.
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Bitcoinik
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Bitcoin-Friendly World’s Top Fund Manager BlackRock Secures Regulatory Approval to Provide Services in India
- BlackRock, the world’s leading asset manager, has received regulatory approval to launch mutual fund services in India.
- The approval follows a joint venture between BlackRock and Jio Financial, marking BlackRock's re-entry into the Indian market.
- The partnership aims to disrupt the Indian mutual fund space with digital-first investment products.
- There is no indication that Jio BlackRock will offer cryptocurrency products such as Bitcoin spot ETFs at the moment.
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Bitcoinist
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Bitcoin (BTC) Historical Data Signals October Bull Run Kickoff – Analyst
- Bitcoin is currently testing vital demand levels after a 10% dip from local highs.
- A notable crypto analyst points out that historically, October has signaled the beginning of bullish runs for BTC.
- Traders and investors are eagerly watching to see if BTC can maintain its bullish trajectory or if further corrections lie ahead.
- Bitcoin's price action in the coming days will be pivotal in determining its future direction.
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Coinpedia
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Bitcoin’s ETF Surge: Are Prices Ready for a Breakout to $100k?
- Bitcoin's price is facing challenges amid fluctuating ETF flows, but institutional interest remains strong.
- Market dumps and profit-taking by early investors contribute to Bitcoin's price dynamics.
- Changing investor profiles and additional financial responsibilities may lead to profit-taking behavior.
- Bitcoin ETFs have shown a net inflow of $18.8 billion year-to-date, reflecting strong institutional interest.
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Crypto-News-Flash
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Glassnode: US Spot ETFs Drive 4% of Bitcoin Market Net Inflows
- Around 4% to 5% of total Bitcoin net inflows since January are linked to US Spot ETF investments.
- US Spot ETF investors’ break-even cost ranges from $54.9k to $59.1k, reflecting potential stress points.
- Bitcoin market has shown an interesting trend from early January 2024 with the entrance of coins into the US Spot Bitcoin ETF.
- Bitcoin nearing a significant resistance level, close to the breakeven mark for ETF investors.
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