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TheNewsCrypto
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CryptoQuant CEO Advocates for Smart Regulation to Ensure Web3 Growth
- CryptoQuant CEO Ki Young Ju believes that responsible growth of Crypto and Web3 is possible with the correct regulations in place.
- Ju emphasizes that smart regulation is necessary to reduce fraud and increase confidence in the industry.
- The crypto community has mixed reactions to Ju's opinion, with some seeing it as positive and others as a danger to the industry.
- Regulatory control is seen as a means to ensure sustainable development and prevent scams in the crypto and Web3 space.
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TheStartupMag
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What is a Cryptocurrency Mining Pool and Is It Worth Joining?
- Cryptocurrency mining pools are groups of miners that combine their resources to increase their chances of earning rewards.
- Joining a mining pool offers more consistent income compared to solo mining, making it accessible for smaller miners with limited resources.
- To join a crypto mining pool, you need to choose a pool, set up mining software, register with the pool, and connect your mining rig.
- Benefits of joining a mining pool include consistent earnings, lower barriers to entry, and reduced risk.
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8 Likes
Zycrypto
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Bitcoin Aims For The Moon: Why This Pundit Envisions A $100,000 BTC Price Earthquake By Year-End
- The price of Bitcoin has surged and reclaimed the $65K level after the U.S. Federal Reserve's rate cut and approval for a new Bitcoin product.
- Traders are betting on Bitcoin reaching $100,000 before the end of the year, with bullish catalysts including lowered interest rates and China stimulus plans.
- Crypto analyst Michaël van de Poppe believes Bitcoin could appreciate by over 54% to reach $100,000, citing increased global liquidity and the rise of gold and silver.
- The weakening US Dollar and Bitcoin's ability to remain unaffected by Middle East hostilities contribute to the bullish case for Bitcoin's future growth.
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Newsbtc
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SUI Ready To Test $2 Resistance – Bullish Pattern Suggests New ATH Soon
- SUI, a layer-1 blockchain, is testing crucial supply levels after a 75% surge from $1 since mid-September.
- Analysts speculate that SUI may challenge its all-time highs of $2.20, solidifying its position as a top-performing asset.
- The inverted head and shoulders pattern on SUI's chart suggests the potential for further gains if it breaks past the $2 resistance.
- Traders and investors are closely watching SUI's price action to determine if it can sustain its upward momentum and define its market position.
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TheNewsCrypto
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Dutch Authorities Issues Warning Ahead of MiCA Enforcement
- The Dutch Financial Markets Authority (AFM) has issued a warning against pump-and-dump schemes using cryptocurrencies ahead of the enforcement of the Markets in Crypto-Assets Regulation (MiCA) on December 30.
- MiCA will outlaw market manipulation methods like pump-and-dump scams in the EU, with strict enforcement by the AFM in the Netherlands to enhance market integrity and transparency in the cryptocurrency industry.
- The AFM has been investigating pump-and-dump scams in preparation for MiCA, aiming to establish precedent for rigorous enforcement once the law is in place.
- Pump-and-dump operations undermine trust in the industry and can devalue holdings, impacting the credibility and long-term survival of digital assets.
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Bitcoinist
1M
445
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BlackRock Dismisses Bitcoin’s Risk Label, Calls It A Smart Investor Play
- BlackRock, the world’s largest asset manager, dismisses Bitcoin's risk label and emphasizes its potential as a unique asset class for portfolio diversification.
- BlackRock's Bitcoin exchange-traded fund (ETF) holds around $21 billion in assets, indicating growing investor interest in Bitcoin.
- Bitcoin's behavior is different from traditional risk assets, making it a compelling investment choice for achieving certainty.
- Bitcoin is increasingly seen as a secure refuge and store of value, gaining acceptance among investors during periods of economic instability.
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Newsbtc
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Ethereum Taker Buy/Sell Ratio Is Rising Again — What It Means For ETH Price
- The taker buy/sell ratio for Ethereum is rising, indicating a potential bullish signal for the altcoin.
- The 30-day SMA of the taker buy/sell ratio has been increasing, suggesting a decrease in bearish pressure.
- If the taker buy/sell ratio continues to rise, it could lead to a price rally for Ethereum.
- Despite a slight decline in the past 24 hours, Ethereum's price is still up by over 3% on the weekly timeframe.
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9 Likes
Bitcoinik
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BlackRock CEO Larry Fink Reveals $24 Billion Bitcoin Holdings, Declares Himself a ‘Big Bitcoin Believer’
- BlackRock, the world-famous fund management firm, holds nearly $24 billion worth of Bitcoin on behalf of its BTC Spot ETF investors.
- BlackRock CEO, Larry Fink, declares himself a 'big Bitcoin believer' after being a naysayer for the first few years.
- The U.S. Bitcoin spot ETF market witnessed net inflows of $494.4 million, the highest since June 4.
- The current trade price of Bitcoin is $65,693, and more than 84% of Bitcoin holders are in net profit.
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Newsbtc
1M
332
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3 Reasons Bitcoin Price Rally Is At Risk – Details
- Bitcoin recorded a price rise of 4.07% in the past week, reaching as high as $66,000.
- Concerns over the sustainability of the rally arise due to a lack of interest from retail investors in Korea and the US, high Open Interest with low spot volume, and the dominance of derivatives trading.
- Analyst Wenry suggests that the current rally may be a temporary uptick driven by a select group of market participants.
- Another analyst predicts Bitcoin to break its all-time high price in Q4 2024 and expects altcoins to surge in price as well.
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19 Likes
TheNewsCrypto
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Ex-Chinese Finance Minister Warns of Crypto Risks Amid US Policy Shift
- Former Chinese finance minister Lou Jiwei warned about the dangers of cryptocurrency, including its volatility and involvement in money laundering.
- Lou emphasized the changing attitude of the US government towards cryptocurrencies and highlighted the potential negative effects on global markets.
- He called for thorough study and evaluation of the risks posed by digital currencies, especially in sectors like anti-terrorism funding and anti-money laundering.
- Despite China's prohibition on Bitcoin mining, Chinese mining pools still manage over 55% of the Bitcoin network.
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10 Likes
Crypto-News-Flash
1M
282
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Bitcoin ETFs See Massive $494M Inflow, Biggest Spike Since June!
- Bitcoin spot ETFs experienced a massive $494 million net inflow, the largest since June.
- Ark Invest and 21Shares' ETF ARKB led the surge with a $203 million inflow.
- This demonstrates growing institutional interest in Bitcoin, despite recent market volatility.
- BlackRock's iShares Bitcoin Trust contributed to a total net asset value of $61.21 billion for all Bitcoin spot ETFs.
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TheNewsCrypto
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40
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US Spot Bitcoin ETFs Record $1.1B Inflows in Best Week Since July
- The United States spot Bitcoin exchange-traded funds (ETFs) had their best week since July, with inflows of almost $1.1 billion.
- The best-performing day was on September 27th, when $494.4 million was added.
- The iShares Bitcoin Trust received $499 million in weekly flows, followed by ARK 21Shares Bitcoin ETF with $289.5 million.
- Total inflow for all eleven spot ETFs since launch has reached $18.8 billion.
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2 Likes
Tokenhell
1M
104
This Week in Crypto – Bitcoin Rallies Above $65K Following China’s $278B Stimulus Announcement
- Bitcoin price crossed above $65,000 following China's $278B stimulus announcement.
- Short traders lost $107 million due to Bitcoin's rally.
- Analysts predict Bitcoin could reach $90,000 by December.
- Top altcoins such as Ethereum, BNB, Solana, XRP, and Dogecoin have also seen gains.
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Bitcoinist
1M
332
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Spot Bitcoin ETFs Record Largest Single-Day Inflow Since Early June
- The spot Bitcoin ETFs in the United States recorded their largest single-day inflow since early June.
- On September 27, the US Bitcoin ETF market registered a net inflow of $494.27 million, led by ARKB, FBTC, and IBIT.
- Grayscale Bitcoin Trust (GBTC) also experienced a rare positive day with a $26.15 million inflow.
- The total weekly net inflows for BTC ETFs reached $1.11 billion, marking the third consecutive week of positive inflows.
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19 Likes
Newsbtc
1M
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Bitcoin Short Squeeze Could Catapult Price To New All-Time High – Here’s Why
- Bitcoin has rebounded by 25.5% in two weeks, marking the biggest gains in September since 2013.
- 57.77% of Binance users with open positions are shorting Bitcoin.
- The combination of institutional inflows and significant short positions creates the potential for a short squeeze in October.
- There is a possibility of a short-term correction in the price before resuming its upward trajectory.
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