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Bitcoin News
Altcoinbuzz
1M
397
Cardano’s CEO: Ethereum’s Governance is a ‘Dictatorship’
- Charles Hoskinson, CEO of Cardano, claims that Ethereum's governance is a 'dictatorship' due to Vitalik Buterin's excessive influence.
- Hoskinson believes that a decentralized system should not be controlled by one individual, suggesting a group decision-making approach instead.
- Cardano uses a different governance model that aims to balance efficiency, effectiveness, and integrity, with delegated representatives and a member-based organization called Intersect.
- Hoskinson's comments highlight the ongoing debate about leadership and community input in decentralized networks.
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Bitcoinsensus
1M
210
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Zumo Crypto Launches Solution for EU CASP Sustainability
- Zumo crypto has introduced a preconfigured solution to help EU crypto-asset service providers (CASP) comply with MiCA sustainability regulations.
- Over 80% of CASPs may be unaware of the need to report sustainability indicators by the end of the year.
- The solution simplifies compliance with automatic reporting, leveraging data from the Crypto Carbon Ratings Institute.
- Zumo is recognized for its sustainability efforts in the digital asset sector.
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Bitcoinsensus
1M
378
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BNY Mellon Bitcoin ETH Funds Are Not Subject to SAB 121
- BNY Mellon, the largest custodian bank in the world, announced that it is exempt from the SAB 121 rule from the SEC.
- This exemption relieves BNY of the obligation to recognize crypto assets on its balance sheet.
- The exemption reduces overhead costs and makes it easier for BNY to offer custody services for Bitcoin and Ether ETPs.
- Further details are expected to be announced.
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TheNewsCrypto
1M
392
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Ethereum ETF Decision Postponed as SEC Extends Deadline
- The U.S. SEC has delayed its decision on Ethereum ETF options.
- The delay follows the recent approval of Bitcoin ETF options.
- The decision sparks uncertainty but also optimism for Ethereum ETF approval.
- The new deadline for a decision is set for mid-November.
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Newsbtc
1M
200
Bitcoin Could Top At $400,000 Based On This Model, Analyst Says
- An analyst suggests that Bitcoin's next top could be around $400,000 based on a model.
- The model, known as the Long-Term Power Law, involves a power law line that represents the correlation between Bitcoin's price and time.
- There are also support and resistance lines in the model, with Bitcoin currently trading under the power law line.
- According to the analyst, if the Long-Term Power Law holds, the next market top might reach around $400,000.
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Altcoinbuzz
1M
429
Circle Launches Engine for Safe Onchain Development
- Circle has launched the Compliance Engine, a toolkit for building blockchain applications with regulatory compliance.
- The Compliance Engine includes tools such as Transaction Screening and Transaction Monitoring to detect risky and suspicious transactions.
- It also offers the Travel Rule service to help companies comply with global regulations for large on-chain transactions.
- The Compliance Engine seamlessly integrates with Circle's Programmable Wallets for managing digital assets across multiple blockchains.
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Bitcoinist
1M
410
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Bitcoin’s Next Cycle Peak Narrowed Down, Here’s How Far Away We Are
- A market expert predicts that Bitcoin's next cycle top could occur in 2025.
- The expert points to historical trends and previous bull runs after the Bitcoin Halving event.
- Based on these patterns, the cycle top is expected to take place in approximately October 2025.
- The analyst suggests that the best of the Bitcoin bull market is yet to come.
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Blockonomi
1M
388
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U.S. Bitcoin ETFs Accumulate $390.7 Million Over Four Days
- U.S. spot Bitcoin ETFs recorded $136 million net inflows on September 24, marking 4 consecutive days of inflows.
- BlackRock's IBIT led with $98.8 million in inflows, bringing total 4-day inflows to $390.7 million.
- Spot Ethereum ETFs rebounded with $62.5 million in net inflows.
- Bitcoin price rose to $64,377, while Ethereum traded at $2,636.
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Altcoinbuzz
1M
123
Caroline Ellison Sentenced to 24 Months for FTX Fraud
- Caroline Ellison, former CEO of Alameda Research, has been sentenced to 24 months in prison for her role in the FTX fraud.
- FTX, a major cryptocurrency exchange, collapsed in November 2022, leading to significant financial losses for many investors.
- Caroline Ellison admitted to mismanaging funds and lying to investors about the health of FTX and its sister company, Alameda Research.
- This case highlights concerns about trust in the crypto market and the need for investors to safeguard their investments.
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Cryptopotato
1M
136
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SUI Explodes by 12% Daily, Bitcoin Stopped at $65K Again (Market Watch)
- Bitcoin failed to break through $65,000 and retraced to around $64,000 after a brief surge.
- Chainlink (LINK) has shown significant gains, while SUI experienced a daily surge of over 12%.
- Bitcoin's market dominance has decreased to 53.8%.
- The total crypto market remains stable at around $2.350 trillion.
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Altcoinbuzz
1M
0
Congress Lets Some Firms Bypass SEC for Bitcoin Custody
- Certain companies will be allowed to bypass SEC rules and hold cryptocurrencies like Bitcoin.
- Lawmakers are pushing for the US to stay competitive in the global tech race and want the country to be a leader in the crypto industry.
- U.S. Congressman Tom Emmer expressed dissatisfaction with the SEC Chairman's handling of cryptocurrency regulations.
- Lawmakers are frustrated with unclear and shifting policies and urge for a coherent regulatory framework.
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Newsbtc
1M
36
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Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?
- A significant movement of older Bitcoin holdings has been observed on the network, sparking discussions about potential selling pressure in the market.
- CryptoQuant data shows increased activity on the network from wallets that have held Bitcoin for extended periods.
- Analysts advise extreme caution as the movement of old Bitcoin raises concerns about potential selling pressure and slowing of Bitcoin's upward momentum.
- The reduction of institutional short positions in Bitcoin is seen as a cause for caution in the market, as short positions are seen as necessary for Bitcoin's long-term growth.
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Zycrypto
1M
315
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Could The Newly Launched Bitcoin ETF Options Propel BTC Price To The Moon? Bitwise’s Exec Thinks So
- The U.S. Securities and Exchange Commission (SEC) approved listing and trading of options tied to BlackRock's iShares Bitcoin Trust ETF.
- Bitwise's head of alpha strategies believes these options can lead to significant upside volatility in the BTC price.
- Bitcoin's unique attributes, such as its volatility and capped supply, make it highly attractive for options traders.
- The introduction of regulated Bitcoin ETF options is expected to bring excitement and potential wild price movements.
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NullTX
1M
73
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Bitcoin Dominates 73% Of Crypto Market As Investors Shift Away from Ethereum
- Bitcoin dominates 73% of the crypto market, experiencing a 6% increase in 2024.
- Investors are shifting from Ethereum to Bitcoin, leading to the lowest ETH/BTC ratio since April 2021.
- Stablecoins like USDT and USDC are growing, with a market cap of $118 billion and $35 billion respectively.
- Whales continue to accumulate Bitcoin, with two whales withdrawing 3,463 BTC from Binance.
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NullTX
1M
82
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Bitcoin’s Correlation With Gold Hits Highest Level Since March, While Ethereum Lags Behind
- Bitcoin’s correlation with gold has reached its highest level since March 2024, indicating its role as a hedge against macroeconomic uncertainty.
- Ethereum's correlation with gold remains minimal and insignificant, as it operates more as a speculative asset driven by growth and innovation in its ecosystem.
- Recent data shows net outflows from Ethereum spot ETFs, reflecting varying market sentiment towards Ethereum compared to the growing favor for Bitcoin.
- The rising correlation between Bitcoin and gold may solidify Bitcoin's status as 'digital gold,' while Ethereum's future will be shaped by developments within its platform.
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