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Bitcoin News
Bitcoinist
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Crypto Mines Busted: Authorities Uncover Underground Mining Farms In Russia
- Authorities in Russia's Republic of Dagestan uncover illegal underground crypto mining farms.
- Dagestan's prime minister calls for stronger actions against illegal mining operations.
- Miners are using new methods such as underground installations and mobile farms.
- Authorities have been cracking down on mining centers due to high energy consumption and electrical problems.
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Newsbtc
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Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph?
- The Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently retesting its 155-day moving average (MA).
- Breaking above the 155-day MA could lead to bullish action for Bitcoin.
- The MVRV Ratio compares the value held by BTC investors to the value they initially put in. When the ratio is above 1, it indicates net profit for the average address on the network.
- If the short-term holder MVRV Ratio breaks above the 155-day MA, it could result in a potential rally towards a new all-time high for Bitcoin.
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Cryptonews
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My Top Crypto Charts to watch right now!
- Bitcoin struggles to break through the $64,000 resistance level.
- TOTAL and OTHERS charts show potential for a breakout.
- Altcoins exhibit promising reversal patterns.
- Caution is advised despite the current market rally.
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Bitcoinist
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Crypto Is Attracting ‘Most Powerful People In Finance,’ Says Bitwise CIO—Here’s Why
- Bitwise Chief Investment Officer, Matt Hougan, highlights the trend of financial advisors embracing cryptocurrency.
- Nearly 70% of attendees at the Barron's Advisor 100 Summit acknowledge personal crypto holdings.
- Financial advisors are restricted from allocating crypto to client portfolios due to broker-dealer restrictions.
- Approval of Bitcoin ETFs and growing personal exposure may pave the way for broader client adoption.
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Zycrypto
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Analysts Warn of Massive Bitcoin Dump as Over 100,000 Old Coins Suddenly On The Move
- Analysts are warning of a potential downturn for Bitcoin as over 100,000 old coins are suddenly on the move.
- Crypto analysis firm Cryptoquant noticed a significant increase in network activity, particularly in the use of older coins, signaling potential selling pressure.
- Reports indicate an influx of coins from dormant wallets, including wallets that have been inactive for nearly a decade.
- Analysts question the motivations behind these movements and whether they could be a strategic decision to capitalize on Bitcoin's current price levels or a shift in market sentiment.
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Stackexchange
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Is "Unified QRs for Bitcoin" a good idea?
- Unified QRs for Bitcoin proposes a solution to the confusion of choosing between on-chain and lightning payments in wallets.
- The proposal suggests using BIP21 Payment URIs with an optional lightning parameter.
- This would simplify the user experience by eliminating the need to toggle between different payment formats.
- The solution aims to maintain interoperability between wallets and allow for future extensibility.
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Bitcoinist
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Australia Sets New Rules: Crypto Firms Must Obtain Financial Licenses
- Australia's regulatory body, ASIC, plans to require cryptocurrency firms to obtain financial services licenses.
- The move aims to enhance consumer safety and combat fraudulent activities in the crypto sector.
- Bitcoin and Ether are considered financial products, requiring licenses for crypto-asset entities to operate legally.
- The new licensing framework is expected to protect investors and promote responsible growth in the crypto industry.
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TronWeekly
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Altcoin Surge Looms as Bitcoin Dominance Faces Potential Downside Break
- Analysts anticipate an “altseason” as altcoins demonstrate resilience, even with Bitcoin’s recent price recovery.
- The TOTAL3 index is testing a critical resistance level; a breakout could signal significant market changes.
- With Bitcoin dominance at 57%, a decline may encourage investors to shift funds toward altcoins.
- Technical indicators suggest the possibility of an altcoin season, but caution is advised as altcoin season index remains low.
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Bitcoinsensus
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ECB Digital Euro Is on the Way, and Should Empower EU
- The European Central Bank (ECB) is pushing for Digital Euro adoption and is already finalizing three years of work on the standard of its implementation and operation.
- The ECB sees the Digital Euro as an opportunity to strengthen EU financial security, resilience, and sovereignty.
- The ECB is in the process of finalizing the rulebook and selecting partners to develop a digital euro platform and infrastructure.
- The main objectives of the Digital Euro are to empower Europe's financial sovereignty, improve the financial sector, enhance usability and privacy of European citizens' data.
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Bitcoinist
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Bitcoin Stalls Below $65,000 Despite Sellers Losing Momentum: What’s Going On?
- Bitcoin remains below $65,000 despite sellers losing momentum.
- Buyers need to break above $65,000 for a potential surge towards $70,000 and $72,000.
- Selling pressure has dropped as traders are no longer willing to sell at a loss.
- The Bitcoin Sharpe ratio at 11.8% suggests more room for growth before reaching a market top.
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Coinpedia
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Bitcoin Price Prediction: Will BTC Repeat the Q4, 2023 Breakout? Will it Form a New ATH at the End of Q1 2025?
- Bitcoin price volatility has risen, testing local resistance for a breakout.
- Similar to Q2-Q3 2023, the price is stuck in a range, raising the possibility of a breakout.
- Q4 trade historically bullish, potential for a fine upswing and new ATH.
- BTC price trading within descending parallel channel, below crucial resistance.
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Stackexchange
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Upon opening the app, Bitcoin Core says I need to rebuild the block database. It then says error loading block database and crashes
- The user's Bitcoin Core app on their MacBook stopped synchronizing with the network.
- They tried increasing the RAM allotment for the app, but upon reopening it, they received an error message about rebuilding the database.
- The user is new to Bitcoin and is seeking help to get the app working again and recover their funds.
- They did not write down their private key and are looking for guidance on extracting it from the database files.
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Cryptopotato
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Peter Schiff Questions Market’s Bitcoin Obsession as Gold Hits Record Highs
- Peter Schiff, a well-known gold advocate, expresses concern about the market's focus on Bitcoin while gold hits record highs.
- Schiff believes that investors are missing out on gold's gains and the important signals it sends about the state of the economy.
- He argues that Bitcoin's attention is diverting from the exposure of U.S. Federal Reserve's alleged policy mistakes.
- Schiff emphasizes that gold is a better hedge against inflation due to its historical significance and criticizes BTC's volatility and speculative nature.
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Coinjournal
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Ark Invest sells $2.8M of its own Spot Bitcoin ETF amid market shifts
- Ark Invest sold 44,609 shares of its ARKB Spot Bitcoin ETF for $2.8 million as part of a rebalancing strategy.
- The firm retains $139.7 million in ARKB, making it the second-largest holding in ARKW.
- US spot Bitcoin ETFs saw $4.5 million in inflows, while Ethereum ETFs faced outflows.
- Ark Invest's strategic rebalancing underscores its commitment to diversification while navigating the ever-evolving landscape of digital assets.
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Coinpedia
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Rep. Waters Pitches ‘Grand Bargain’ on Stablecoin Bill, Advocates for Bipartisan Compromise
- Representative Maxine Waters proposes a “grand bargain” to push through a stablecoin bill.
- Waters aims to conclude the two-year stablecoin debate by the end of the year.
- She emphasizes the need for bipartisan cooperation and strong consumer protections.
- Waters and Republican Representative Patrick McHenry have been working on stablecoin legislation, but bipartisan support is lacking.
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