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Bitcoin News
Blockonomi
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Bitcoin Trades at $61K as Global Crypto Developments Unfold
- Ripple expands its presence in Brazil by launching its cross-border payment service with Mercado Bitcoin.
- The IMF urges El Salvador to tighten its Bitcoin regulations, citing concerns over fiscal stability and transparency.
- JPMorgan suggests that rising geopolitical tensions and US elections are driving Bitcoin demand as a hedge against economic uncertainty.
- Bitcoin is trading around $61,180, consolidating near the $61,250 pivot point, with traders monitoring potential breakout signals.
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9 Likes
Altcoinbuzz
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Franklin Templeton Proposes First Bitcoin and Ethereum ETF
- Franklin Templeton has proposed the first Bitcoin and Ethereum ETF.
- The ETF would combine Bitcoin and Ethereum in one fund, allowing investors to gain exposure to both cryptocurrencies through shares of this ETF.
- If approved by the SEC, this ETF could make investing in crypto more mainstream, providing an easier and safer way for everyday investors to enter the crypto market.
- Additionally, Franklin Templeton has launched its Franklin OnChain U.S. Government Money Fund (FOBXX), representing a significant milestone in institutional blockchain adoption.
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Tokenhell
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Lucky Meme Coin Investor Turns $138 Into $400K in 24 Hours
- A crypto user turned $138 into over $400,000 within 24 hours by investing in the Pochita meme coin on Solana.
- The investor bought the meme coin minutes after its launch and now holds approximately 2.1% of the total supply.
- Blockchain analytics firm Bubblemaps found no on-chain connections between early Pochita buyers, suggesting no insider involvement.
- This success follows a similar story of an investor turning $800 into over $7 million with the Moo Deng token.
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4 Likes
Medium
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Image Credit: Medium
Why You Should Stop Trusting Big Tech
- Most of us don’t know what’s happening behind the scenes when we use our computers.
- Sovereign computing is about taking back control of our own data and privacy.
- Our data is stored on servers owned by big tech companies like Google, Apple, or Amazon.
- Taking back control of our data and privacy is important, regardless of whether we have anything to hide.
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11 Likes
Newsbtc
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Bitcoin’s NVT Cross Signals a Local Top – Is a Major Correction Looming?
- Bitcoin's NVT Golden Cross signal suggests a potential short-term local top.
- A value above 2.2 indicates possible overextension of current valuation.
- Bitcoin may face price resistance at around $65,800.
- Significant outflows of Bitcoin from exchanges suggest confidence in the asset.
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25 Likes
Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Franklin Templeton Seeks SEC Nod for Dual Bitcoin and Ethereum ETF
- Franklin Templeton is seeking approval from the SEC for a dual Bitcoin and Ethereum ETF, expanding its presence in the crypto space.
- The ETF will be managed by Bank of New York Mellon, with Coinbase as custodian, reflecting institutional interest in digital assets.
- The proposed ETF will allow investors to benefit from the price movements of Bitcoin and Ethereum through the Chicago Board Options Exchange.
- This filing comes as Franklin Templeton continues to expand its crypto product suite, following its recent partnership with the Aptos Foundation.
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22 Likes
Bitcoinist
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Image Credit: Bitcoinist
$24 Million Crypto Heist: AT&T Back In Legal Hot Water Over SIM Swap Scandal
- AT&T faces legal challenges over a SIM swap case involving a $24 million crypto heist
- A division of the Ninth Circuit Court of Appeals overturned a ruling in favor of AT&T, allowing the case to continue
- The lawsuit highlights the role of telcos in protecting customer information
- The case has implications for consumer protection and the threat of SIM swapping in the cryptocurrency space
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23 Likes
TheNewsCrypto
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Whales Bet Big on Bitcoin Despite Market Weakness
- Whales accumulate Bitcoin despite recent market dip and macroeconomic pressures.
- Dormant Bitcoin addresses reactivated, signalling renewed market participation.
- Bitcoin struggles to maintain momentum in 'Uptober', hitting a 16-day low.
- Macroeconomic developments and various factors remain bullish for BTC.
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1 Like
TheNewsCrypto
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Talen Energy Acquires TeraWulf’s Minority Stake in Bitcoin Mining Operation
- TeraWulf has sold its 25% stake in the Nautilus Bitcoin mine to Talen Energy for $92 million.
- TeraWulf plans to invest in high-performance computing (HPC) and artificial intelligence (AI) data centers.
- The sale includes cash, bitcoin miners, and equipment, resulting in a 3.4x return on TeraWulf's investment.
- TeraWulf aims to enhance mining efficiency and achieve 18.2 J/TH, while completing the construction of mining building 5.
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13 Likes
Cryptopotato
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How Will Markets React to $1B Bitcoin Options Expiring Today
- Approximately 17,400 Bitcoin options contracts with a notional value of $1 billion are set to expire.
- The expiry is not expected to have a significant impact on spot markets, as they have been declining this week.
- The put/call ratio for the expiring contracts is 0.75, with more long (call) contracts than shorts (puts).
- In addition to Bitcoin options, around 119,000 Ethereum options with a notional value of $282 million are also expiring.
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12 Likes
Newsbtc
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Bitcoin Price Dip Explained: Key Causes And Where To Expect A Bounce Back To $70,000
- Bitcoin (BTC) experienced a price correction after reaching a two-month high of $66,500.
- Factors such as geopolitical tensions and concerns about the macroeconomic landscape led to a broader market sell-off.
- Crypto analyst VirtualBacon suggests key buy zones at $62,500 and the range between $58,800 and $60,000.
- The upcoming September jobs report will provide insights into the unemployment rate, which may influence Bitcoin's future price movements.
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7 Likes
Bitcoinsensus
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Masaaki Taira Digital Transformation Minister Hints at Crypto Tax Reform
- Masaaki Taira, the newly appointed Digital Minister of Japan, hints at crypto tax reform.
- Taira emphasizes the importance of revisiting taxation to foster blockchain technology.
- However, he notes that he will not make hasty and loud statements that are out of his authority.
- Regulatory responsibilities lie with the Financial Services Agency.
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18 Likes
Bitcoinist
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Bitcoin MVRV Trend Could Suggest BTC Cycle Top Not In Yet
- The trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio suggests that the current cycle may not have reached its top yet.
- The MVRV Ratio compares the market cap and realized cap of Bitcoin, indicating the profit/loss status of the userbase.
- Historically, high MVRV Ratio values have indicated overpricing and possible corrections in the market.
- The recent MVRV Ratio for Bitcoin is relatively low compared to previous bull runs, suggesting that a market top may not be imminent.
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13 Likes
Coinpedia
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Bitcoin Price Prediction: Short-Term Bounce Ahead, But $56K Dip Threatens Larger Rally
- Bitcoin is currently trading above $61k with a possibility of a short-term recovery.
- Key support levels for Bitcoin are at $60k-$61k, with next support levels at $59.5k, $58k, and a significant support zone between $56k-$57k.
- Resistance levels for Bitcoin are at $61.9k and $63.3k, with further resistance at $64.5k and between $67k-$68k.
- The recent breakout of the U.S. Dollar Index (DXY) suggests a bearish impact on Bitcoin, as historically they tend to move in opposite directions.
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2 Likes
Coinpedia
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Crypto Bull Run Postponed? $200B Wiped Out as Market Turns Bearish
- The crypto market opened the fourth quarter with a bearish outlook, wiping out over $200 billion in valuation.
- The bearish sentiment is attributed to deteriorating geopolitical situations and SEC's regulatory crackdown.
- However, low crypto optimism among traders indicates a potential market rebound.
- Bitcoin price could drop to $52k, triggering a correction in the altcoin industry.
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18 Likes
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