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Bitcoin News
Newsbtc
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Is Crypto Losing Steam? Bitcoin And Ethereum Addresses Shrink In 2024
- The cryptocurrency market is experiencing a decline as Bitcoin and Ethereum active addresses decrease.
- Bitcoin's active addresses have contracted by 1.17 million to 855,000, while Ethereum has reduced by 382,000 to 312,000 year-to-date.
- The absence of new investors entering the market is the primary cause of this decline.
- Despite challenges, there are indications of a potential rebound, as Ethereum funding rate remains positive and large holders accumulate assets.
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TronWeekly
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Bitcoin May Drop To $52,000 As Market Trends Show Bearish Signals
- Bitcoin could be set for a sharp decline, with analysts predicting it could fall to $52,000 due to a descending parallel channel pattern.
- The Long/Short Volume to Open Interest Ratio and market sentiment influence Bitcoin's price shifts and potential corrections.
- Investors are closely watching for signs of further decline or recovery as Bitcoin's price volatility continues.
- BTC currently trades at $60,716, showing a 0.78% decline over the past day.
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Cryptopotato
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Upcoming HBO Documentary Claims to Have Identified Satoshi Nakamoto
- The upcoming HBO documentary titled "Money Electric: The Bitcoin Mystery" claims to have identified Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
- The documentary by Cullen Hoback is expected to air next Wednesday at 2 AM CET.
- If the findings are widely accepted, it could have significant implications for the financial markets and the US presidential election, particularly regarding the support of Bitcoin enthusiasts.
- Cullen Hoback, known for his series "Q: Into the Storm," previously exposed the authors of the QAnon conspiracy theory.
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Stackexchange
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What is the proper configuration and command to run bitcoincore and use RPC over LAN?
- To configure Bitcoin Core and use RPC over LAN, you need to make the following setup:
- 1. Start bitcoind with the command: bitcoind -rpcbind=0.0.0.0 -rpcallowip=192.168.1.0/24
- 2. Set the RPC password in the bitcoin.conf file
- 3. Verify that curl connects successfully to the server from a Windows machine on the LAN
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Coinpedia
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Binance’s Trading Activity Declines to 4-Year Low as It Faces 20% Drop in Trading Volume
- Binance, the leading crypto exchange, has experienced a 20% drop in trading volume in September compared to the previous month.
- Binance's derivatives trading volume decreased by 21% to $1.25 trillion, the lowest level since October 2023.
- Crypto.com, a competing platform, saw a 40% surge in trading volumes during the same period.
- The decline in Binance's trading activity is attributed to increased competition and growing regulatory pressures.
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Zycrypto
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Chart Analyst Issues Bitcoin Alert, Says BTC Could Slip To $52,000 Based On This Worrying Price Pattern
- Bitcoin experienced a significant drop to under $60,000 amid a crypto market sell-off triggered by tensions in the Middle East.
- Chart analyst Ali Martinez warns that Bitcoin may continue to decline and could potentially reach $52,000 based on the descending parallel channel pattern.
- Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, suggests that the price dip in Bitcoin should be seen as a buying opportunity, particularly due to the increase in call options open interest for a year-end surge.
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Coinpedia
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Bitcoin’s Worst Case Scenario Explained
- Bitcoin is currently in a downtrending channel, but previous rejections from the channel top have become shallower over time, suggesting weakening resistance.
- Bitcoin is in a reaccumulation phase, with buyers consistently stepping in when the price dips below the established low, indicating strong demand.
- Downside deviations in Bitcoin's price often lead to opportunities for upward movement afterward.
- The reaccumulation range is critical for Bitcoin, and reclaiming the $64,000-$65,000 range could signal a potential rally, while dropping below $58,000 may indicate trouble and further declines.
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Bitcoinist
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Satoshi Nakamoto Unmasked? HBO Documentary Claims To Expose Bitcoin’s Founder
- A new HBO documentary claims to reveal the true identity of Satoshi Nakamoto, the creator of Bitcoin.
- The documentary suggests that some dormant Bitcoin wallets from the 'Satoshi era' have become active for the first time.
- Various attempts have been made in the past to unmask Satoshi Nakamoto, but concrete proof remains elusive.
- Many in the Bitcoin community argue against efforts to identify Satoshi Nakamoto, stressing the importance of privacy.
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Bitcoinist
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Sub-Saharan Africa’s Crypto Revolution: 40% Of Economy Now In Stablecoins
- Stablecoins make up 43% of cryptocurrency transactions in Sub-Saharan Africa, offering a stable alternative to volatile traditional currencies.
- Countries such as Nigeria and Ethiopia have seen a massive adoption of stablecoins, with Nigerians using cryptocurrencies for everyday transactions.
- Stablecoins are playing a crucial role in stabilizing economies and acting as a cushion against currency fluctuations in the region.
- As Sub-Saharan Africa embraces cryptocurrencies, particularly stablecoins, the future of crypto adoption in the region looks promising.
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Pymnts
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Coinbase Widens Access to Crypto B2B Payments
- Cryptocurrency exchange Coinbase is expanding the ways businesses can pay.
- PayPal paid invoices to EY using the PayPal USD (PYUSD) stablecoin deposited into EY’s Coinbase Prime account.
- Stablecoins can make B2B payments and treasury management faster, cheaper, and more efficient as they settle instantly, including across borders.
- Coinbase CEO Brian Armstrong reports the first-ever crypto transaction between two artificial intelligence agents.
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TronWeekly
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Bitcoin’s $66K Milestone Indicates Bullish Potential Despite Setbacks
- Bitcoin sets a new technical higher high at $66k, signaling a potential shift in market trend.
- Long-term holders remain resilient despite 47.4% of their supply being in unrealized loss.
- Institutional demand through Bitcoin ETFs continues to grow, influencing market dynamics.
- Bitcoin's price reaches $66k but pulls back to $60k, indicating a weakening bearish trend.
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Bitcoinist
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Japan’s Metaplanet’s Bitcoin Holdings Rise to 530 BTC After Pulling Off Mind-Blowing Strategy
- Japanese investment firm Metaplanet Inc. has seen its Bitcoin holdings rise to 530.717 BTC through a smart options trading strategy.
- Metaplanet earned approximately 23.972 BTC by selling Bitcoin put options and collecting premiums.
- By entering into a BTC options transaction, the company can increase its Bitcoin holdings if the market price falls below the strike price of $62,000 per Bitcoin at maturity.
- The strategy supports Metaplanet's long-term asset growth and strengthens its balance sheet, using margin collateral sourced from new capital raised through stock acquisition rights.
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Bitcoinist
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Bitcoin Headed Below $60,000? Geopolitical Tensions Might Present Buying Opportunity, Analyst Says
- Bitcoin dropping below $60,000 due to geopolitical tensions in the Middle East could be a buying opportunity.
- Risk-on assets like Bitcoin may face a downturn as investors seek safer investments like gold.
- Surge in call option open interest on Deribit indicates traders betting on a year-end rally for BTC.
- Geopolitical tensions could push BTC price lower in the short term but increase Trump's odds of winning, subsequently improving the post-election outlook for Bitcoin.
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Medium
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Unlocking MEV with Toby Network: The Future of Transparent and Fair Value Capture on Solana
- Toby Network introduces Open-MEV, a transparent and fair system for value capture on Solana.
- Maximal Extractable Value (MEV) refers to the maximum amount of value a miner or validator can gain through transaction manipulation.
- Toby Network's approach democratizes MEV opportunities, allowing everyone to participate in value extraction.
- Open-MEV on Toby Network represents a fundamental shift towards fairness, transparency, and decentralization in blockchain value capture.
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Bitcoinsensus
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EigenLayer and LayerZero Aims to Bring Framework for Secure Cross-Chain Communication
- EigenLayer and LayerZero Labs introduced a new framework for secure cross-chain communication.
- The system utilizes crypto-economic incentives and token collateral (ETH, EIGEN, ZRO).
- DVN increases security by allowing any network to participate in verification via stakes.
- The framework combines technical verification and financial motivations to address trust and security limitations.
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