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Bitcoin News
Cryptonews
1M
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Analysts Say Market Ready for Explosion, Predict ‘Regime Shift’ Toward Altcoins
- Bitcoin rose 7% in September, ending the month stronger despite a recent 3% drop.
- Swissblock analysts suggest altcoins may soon outperform Bitcoin due to favourable conditions like China’s stimulus and potential FTX repayments.
- Bitfinex warns of possible market overheating but sees a minor correction as a way to maintain the uptrend.
- Historical patterns suggest Bitcoin might reach a new all-time high by late 2024 or early 2025, driven by declining exchange reserves and less selling pressure.
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Newsbtc
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Analyst Sees Bitcoin Reaching $8 Trillion Market Cap: What Price Will This Surge Bring?
- Bitcoin reached a two-month high of $66,500, driven by market liquidity and investor confidence.
- Analyst Doctor Profit predicts Bitcoin's market cap could reach $8 trillion, with a price of $550,000 by 2030.
- Doctor Profit compares Bitcoin's potential to gold, estimating gold's market cap to rise to $13 trillion to $19 trillion.
- Doctor Profit expects periodic corrections for Bitcoin but considers them opportunities rather than risks for long-term investors.
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Cryptonews
1M
140
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Bitcoin Dips Below $64K as US Fed Hints at 2 More Rate Cuts in 2024
- Bitcoin unexpectedly dipped to US$62,989, causing a market downturn and US$226.55 million in liquidations.
- US Fed Chair Jerome Powell hinted at further rate cuts this year, following a significant September cut.
- Analyst RektCapital notes we’re 163 days post-Halving, a timeline that historically precedes a Bitcoin breakout.
- Historical patterns suggest potential for a bullish trend, though it’s speculative whether a major rally will follow.
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Changelly
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How Do Bitcoin ATMs Work? How to Use a Bitcoin ATM – A Step-by-Step Guide
- Crypto ATMs offer a convenient and easy way to convert cryptocurrency to cash and vice versa, with Bitcoin ATMs being one of the most common types available.
- Crypto ATMs operate by connecting users to reputable cryptocurrency exchanges, linking their cryptocurrency wallets, and facilitating the transfer of funds. Most Crypto ATMs allow users to purchase various cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
- To use a Bitcoin ATM, you will need a digital wallet and a traditional wallet, follow the prompts to enter the amount of cryptocurrency you want to purchase, digitally scan your wallet address, confirm details and insert cash.
- Bitcoin ATMs fee usually varies from 10% to 23% per transaction depending on the ATM provider and location. We recommend using ATM finders that sort ATMs by fees.
- Crypto ATMs offer a quick transaction process, no bank account, or identification required, privacy, and a familiar process like traditional ATMs.
- However, high fees, absence of insurance for funds, and security concerns are some of the risks associated with using cryptocurrency ATMs.
- Bitcoin ATMs are regulated by international, federal, and state laws, with operators required to register as money service businesses in compliance with the Bank Secrecy Act (BSA).
- The use of crypto ATMs will likely increase, and the fees will probably go down as cryptocurrencies become more widely accepted.
- The future of Bitcoin ATMs largely depends on the further development of the cryptocurrency industry. Experts predict this industry is likely to grow at a CAGR (compound annual growth rate) of 58.5% each year from 2021 to 2030.
- To find a Bitcoin ATM near you, use live mapping services like Coin ATM Radar or Bitcoin ATM Map. Consider not just the location but also factors like transaction fees, limits, and user reviews to ensure you get the best possible experience.
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Bitcoinist
1M
340
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Crypto Inflows Hit New Heights As Ethereum Funds Break Losing Streak—Bull Run Here?
- Global crypto investment products have recorded $1.2 billion in net inflows over the past week, signaling a shift in market sentiment.
- Investor confidence in digital assets is boosted by expectations of dovish monetary policy in the US.
- Bitcoin-focused investment products accounted for the majority of inflows, driven by the approval of BlackRock's spot Bitcoin ETF by the SEC.
- Ethereum-based investment funds rebounded with net inflows of $87 million, indicating renewed confidence in the asset's prospects.
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Hackernoon
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Image Credit: Hackernoon
How to Build a Telegram Bot That Queries Rootstock Data Using Rootstock RPC API
- This article talks about building a Telegram Bot that fetches data from RootStock chain using RootStock API.
- Bots are becoming relevant nowadays, and they help to get first-hand information without visiting explorers or wallets.
- In this article, you will learn how to build a Telegram bot that fetches data from Rootstock using RootStock API.
- You need to use Bot Father, Nodemon, Express, Dotenv, body-parser, and web3.js.
- You will learn to use different commands such as start, balance, transactions, latestblock, help, gasprice, etc.
- The Balance Checker command helps to check the balance of a wallet.
- The server starts and listens for incoming requests.
- You can add more commands using available RPC API Methods.
- Overall, this article has guided in building a telegram bot that Query data from the RootStock network.
- This sample Telegram bot and code snippets can be useful for blockchain enthusiasts who aspire to develop their bots.
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Bitcoinist
1M
231
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Taiwanese Financial Watchdog OKs Foreign Crypto ETFs For Pro Investors
- Taiwan's Financial Supervisory Commission (FSC) has approved foreign crypto exchange-traded funds (ETFs) for professional investors.
- Professional investors can invest in foreign digital asset ETFs through a re-entrustment process, delegating investment management to trusted intermediaries.
- Certain conditions, including developing a suitability system and signing a risk warning, must be met before investing in foreign crypto ETFs.
- Taiwan's decision reflects a growing interest in digital assets in contrast to other Asian countries, where regulators remain hesitant.
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Hackernoon
1M
381
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How to Create a Decentralized Marketplace for Agricultural Products on the Rootstock (RSK)
- In this tutorial, we'll build a decentralized application (dApp) that allows users to buy and sell agricultural products on the Rootstock (RSK) blockchain network.
- The app confirms the smartcontract calls by interacting with MetaMask, and users can add products in the cart even in case there are multiple products in the cart.
- Users can get real-time notifications, transaction receipts, and product removal features from both carts as well as from the product list page.
- We are aiming to build a dApp named AgriMarket which is expected to have easy-product addition, product deletion and purchase and to access Web3 features through supported wallets (MetaMask in our case).
- We will use React for the frontend and for the real-time notifications integrate a library-like react-toastify.
- The tutorial provides a step-by-step guide on how to connect to the RSK testnet and how to install HDWalletProvider and OpenZeppelin Contracts.
- You can interact with your dApp by running your react app by using the command “npm start“, using MetaMask wallet extension.
- The article mentions trust issues and challenges to successfully deploying a decentralized marketplace for agricultural products, citing education, training, and collaboration as key factors to creating a sustainable solution.
- The dApp includes security measures to protect smart contract code and utilizes Rootstock's fast transaction processing features with low transaction fees.
- The author proposes to build on this tutorial by enhancing the dApp with more features if launching it in the Rootstock's mainnet and taking security measures to ensure the smooth functioning.
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Crypto-News-Flash
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272
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Top 5 Events That Could Shake Up the Crypto Market This Week as October Kicks Off
- Key economic data and Federal Reserve insights this week could either amplify or derail the anticipated 'Uptober' crypto market rally.
- Specific tokens like ENA and BONK are showing strong gains against the overall cooling crypto market trend.
- Major events this week include Fed Chair Powell's speech, employment data releases, and the October OPEC meeting.
- The market has seen a slight decrease, with the global crypto market cap at $2.25 trillion, and Bitcoin trading at $63,632.15.
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Bravenewcoin
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305
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Bitcoin Sells Off To Welcome New Japan PM
- Bitcoin experienced a selloff following the selection of a new prime minister in Japan.
- Shigeru Ishiba, the next prime minister, is believed to support the Bank of Japan's goal to normalize monetary policy.
- The selloff extended to Bitcoin, which fell from about $66,000 to as low as $63,300.
- Retail participation in the Bitcoin rally remains low, indicating a lack of retail interest.
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18 Likes
Cryptonews
1M
436
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Crypto Banter Predicts Imminent Altcoin Season, Reveals ‘Must-Hold’ Coins
- Crypto Banter predicts an altcoin season might be approaching soon.
- Bitcoin had a strong performance in September, setting up positive conditions for the altcoin market.
- Potential big movers in the altcoin market highlighted by Crypto Banter include XRP, Solana, Near, and Injective.
- Crypto analyst Ran Neuner expresses strong support for Solana.
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26 Likes
Bitcoinchaser
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140
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Pragmatic Drops & Wins Promotion: Snakes & Ladders Live on Stake
- Stake is running a promotion featuring Pragmatic Play's Drops & Wins, with a $1,000,000 prize pool.
- The featured game is Snakes & Ladders Live, a live casino game with a twist on the classic board game.
- Players can join the promotion by playing Snakes & Ladders Live and have a chance to win random cash prizes or participate in Mega Tournaments.
- To participate, players need to log in to their Stake account, deposit funds, and place real money bets on Snakes & Ladders Live.
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Hackernoon
1M
390
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Could the Fed's Rate Cut Signal a Bullish Turn for Bitcoin?
- The Fed's rate cut signals a bullish turn for Bitcoin, benefiting from global easing and expected rate cuts by central banks worldwide.
- Bitcoin's technical setup suggests a potential breakout from a six-month consolidation, with a possible challenge to the all-time high of $73k.
- Despite a range-bound period, Bitcoin remained resilient above $50K, indicating a strong market.
- Four key catalysts that could drive Bitcoin higher include Trump winning the U.S. Presidential Election, FTX payout to creditors, global rate cutting cycle, and option-trading on Bitcoin ETFs.
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23 Likes
Medium
1M
213
Image Credit: Medium
Did Hamster really disappoint?
- There has been speculation and criticism surrounding the token distribution of $HMSTR.
- The distribution was challenging due to the large number of users, resulting in smaller individual payouts.
- The long-term strategy for $HMSTR focuses on future growth and value appreciation.
- STON.fi provides a platform for buying, selling, and trading $HMSTR tokens.
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12 Likes
Bitcoinist
1M
427
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Bitcoin STHs Supply Decreases By 1.31M BTC – A Sign Of Growing Confidence?
- Bitcoin's short-term holders (STHs) are selling for profit, leading to a decrease in BTC supply.
- Fewer Bitcoins are circulating among STHs, indicating growing confidence in BTC's long-term potential.
- This decrease in supply has sparked optimism among traders, hoping for a surge in BTC prices.
- Bitcoin's key level to watch is $70,000, breaking through which could confirm an upward trajectory.
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