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Bitcoin News
Newsbtc
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Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up
- The Bitcoin futures market is experiencing a rise in leverage, indicating a potential short squeeze and a bullish rally.
- Open interest in Bitcoin futures has grown by $6 billion, reaching $28.3 billion, with institutional traders holding onto positions confidently.
- Short liquidations have significantly increased by $493 million, suggesting a possible short squeeze and upward pressure on Bitcoin's price.
- If the short squeeze scenario continues, it could lead to a significant rally and a bullish trend for Bitcoin.
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Bitcoinchaser
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Combo Bet Insurance: Thunderpick Promotion for Worlds 2024
- Crypto casino and sportsbook Thunderpick is offering Combo Bet Insurance for the upcoming League of Legends World Championship 2024 (Worlds 2024).
- Combo Bet Insurance allows players to place multi-leg bets with five or more picks and receive a refund of up to €50 if one leg doesn't hit.
- To qualify, at least one pick must be on a match from the Worlds 2024 Play-In Stage.
- The promotion runs from September 25 to 29, and refunds are processed within 72 hours.
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Crypto-News-Flash
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Chainlink Proof of Reserve Secures 21.co’s Wrapped Bitcoin on Solana & Ethereum
- Chainlink’s Proof of Reserve integration ensures real-time transparency and security for 21.co’s Wrapped Bitcoin (21BTC) on Solana and Ethereum.
- By integrating Chainlink’s Proof of Reserve on both Solana and Ethereum, 21.co has enhanced transparency for its Wrapped Bitcoin product, 21BTC.
- 21BTC offers users peace of mind while engaging with decentralized applications, ensuring that every 21BTC token is fully collateralized 1:1 by Bitcoin held securely in cold storage.
- Chainlink’s decentralized infrastructure, managing over $15 trillion in transaction value, was chosen for its ease of integration and reliability.
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Altcoinbuzz
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191
Google Cloud, Solana Labs Launch GameShift for Web3 Gaming
- Google Cloud and Solana Labs have launched GameShift, a tool that helps game developers integrate blockchain technology into their games.
- GameShift simplifies the process of building Web3 games by providing tools for in-game assets, wallets, payments, and marketplaces.
- Google Cloud's infrastructure ensures the safe and smooth running of games on the platform.
- With the addition of GameShift, Google Cloud aims to support game developers in bringing Web3 technology to life.
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Newsbtc
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Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next?
- Bitcoin's performance in September has been one of its strongest since its creation.
- BTC recovered from the monthly lows and reached $63,700.
- Bitcoin may close September with a positive return for the fourth consecutive month.
- Analysts suggest that Bitcoin has the potential to reach $90,000 in the future.
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TronWeekly
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Bitcoin Poised for Explosive Gains, Echoing Past 171% Surge
- Bitcoin analysts predict a potential surge in the fourth quarter, echoing past halving cycles.
- Historical patterns suggest that BTC tends to rally after halving events.
- Comparisons between 2024 and previous halving years show similarities in BTC's price action.
- Bitcoin's dominance may decline, opening the door for altcoins to shine.
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21 Likes
Crypto-News-Flash
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BRICS News: Gold Hits All-Time High as USD Weakens—Is Bitcoin the Next Asset to Soar?
- The purchasing power of the US Dollar (USD) weakens amid the BRICS nations' de-dollarization strategy.
- Industry experts suggest saving in Bitcoin, gold, and silver to escape potential hyperinflation.
- US Federal Reserve admits that only 3% of the USD's original purchasing power remains.
- Gold reaches all-time high price as USD weakens, while Bitcoin is expected to soar as a hedge against inflation.
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15 Likes
Bitcoinist
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1.6k
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Here’s How Many New Bitcoin Millionaires Have Been Made In 2024
- Over 20,000 new Bitcoin millionaires have been made in 2024, bringing the total to 110,388.
- The number of BTC wallets holding at least $1 million has increased by 18% between January and September.
- Wallets holding at least $100, $1,000, $10,000, and $100,000 have all seen notable growth.
- Bitcoin's price increase and positive metrics indicate a growing interest in the cryptocurrency.
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Cryptopotato
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This Is Why Bitcoin Surged Above $64K, Can it Go Higher? (Bitfinex)
- Bitcoin surged above $64,000 after the Federal Reserve reduced interest rates.
- Increased activities within the futures and perpetual markets drove the surge, rather than spot trading.
- Bitcoin's open interest reached $34.9 billion, the highest since early August, indicating strong investor engagement.
- Increased engagement with Bitcoin ETFs could drive the cryptocurrency towards reclaiming its peak value of $73,800.
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25 Likes
Altcoinbuzz
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Canada Reassesses CBDC Plans, Focuses on Payment Systems
- Canada is abandoning its plan to launch a central bank digital currency (CBDC) after five years of research.
- Instead, Canada will focus on broader retail payment and policy development.
- The shift in plans is due to other payments issues gaining prominence, and a CBDC could result in a 12% decline in bank deposits.
- Many Canadians are against the idea of a digital Canadian dollar, and major economies have also moved away from their CBDC plans.
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1 Like
Newsbtc
1M
274
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Aptos: Engagement, Active Accounts Growth Fuel 36% APT Rally
- Aptos token registers a 36% surge in price, following major cryptocurrencies like Bitcoin and Ethereum.
- Aptos shows significant growth with 3 million monthly active users, a peak of 360 million transactions in one day, and a transaction-per-second of 12,000.
- Aptos, Ankaa Labs, and OKX Ventures announce a tri-partnership to support projects in the Web3 ecosystem with a $10 million investment.
- APT's attempt to break the $8.24 resistance level fails, leading to potential stabilization above $7.76, with possible short-term reversal.
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16 Likes
Newsbtc
1M
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Solana Price (SOL) Gears Up for Fresh Surge: Is More Upside Ahead?
- Solana price is holding the $140 support zone and aiming for a fresh surge above the $152 resistance level.
- The price is now trading near $1465 and the 100-hourly simple moving average.
- A connecting bearish trend line is forming with resistance at $148 on the hourly chart.
- A successful close above $152 resistance could lead to further gains towards $164 and $172 levels.
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21 Likes
Altcoinbuzz
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Travala Now Supports Solana with $SOL Travel Rewards
- Travala, a crypto-native travel agency, now supports Solana-based assets for travel bookings.
- Users can book travels and holidays using $SOL, Solana-based $USDT, and $USDC.
- Travala is planning to introduce $SOL travel rewards, up to 10% of the booking value.
- Solana integration is part of Travala's future development plans, along with Ethereum and BNB chain integration.
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15 Likes
Crypto-News-Flash
1M
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China’s Bitcoin Ban: Still 55% of BTC Mining Hashrate Under Its Control, Will It Unban BTC?
- Despite China's Bitcoin ban, it still controls 55% of the mining hashrate.
- The U.S. is gradually gaining ground in Bitcoin mining.
- China may reconsider its ban on Bitcoin by late 2024.
- Bitcoin miners globally face revenue pressure.
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4 Likes
Altcoinbuzz
1M
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Australia to Mandate Financial Services Licenses for Crypto Firms
- Australia plans to introduce new rules requiring crypto firms to get a financial services license under the Corporations Act.
- The Australian Securities and Investments Commission (ASIC) will require crypto exchanges to obtain financial services licenses to operate in Australia.
- ASIC intends to provide clarity on how certain cryptocurrencies should be treated and will update the Corporations Act's Information Sheet 225.
- ASIC's move aims to protect consumers, boost market integrity, and mitigate risks associated with cryptocurrency investment.
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