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Bitcoinist

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Crypto Warning: Arthur Hayes Foresees Short-Term Market Crash Linked To Interest Rate Cuts

  • Former BitMEX CEO Arthur Hayes warns of a potential short-term crypto market crash linked to upcoming interest rate cuts by the US Federal Reserve (Fed).
  • Hayes believes the Fed's decision to cut rates is a mistake given the increased money printing and spending by the US government.
  • He predicts that the market will collapse a few days after the Fed's rate cut, citing the potential narrowing of the interest rate differential between USD and JPY.
  • Hayes highlights that investors may prefer holding government-backed Treasury Bills during market turmoil rather than riskier decentralized finance (DeFi) applications.

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Crypto-News-Flash

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First President to Go Crypto: Trump Buys Burgers with Bitcoin in Public Display

  • Former President Donald Trump made headlines by visiting a Bitcoin-themed bar in New York and purchasing burgers with Bitcoin, signaling his support for the cryptocurrency.
  • Trump's public Bitcoin purchase marks a significant shift in his stance, embracing cryptocurrency and promising a crypto-friendly U.S. as part of his campaign strategy.
  • By engaging with the crypto community and accepting donations in cryptocurrency, Trump aims to secure the votes of Bitcoin enthusiasts and turn the U.S. into the 'crypto capital of the world.'
  • This move by Trump highlights the potential mainstream acceptance of Bitcoin and its impact on the political landscape, but its long-term effects remain to be seen.

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Altcoinbuzz

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Norway Town Seeks Bitcoin Mine Closure Over Energy Hike

  • Residents of Hadsel, Norway, express relief as a noisy Bitcoin mining facility is shut down.
  • The closure of the facility leads to a rise in electricity bills for the town, as it contributed 20% of the income for local electricity provider Noranett.
  • The Hadsel Bitcoin mining center consumed around 80 GWh of electricity annually, equivalent to the consumption of 3,200 households.
  • The town is now seeking new projects to manage electricity consumption and avoid higher power costs.

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TheNewsCrypto

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Bitcoin Cash (BCH) Price Prediction 2024, 2025, 2026-2030

  • Bitcoin Cash (BCH) price might reach $1250 soon.
  • Bullish BCH price prediction for 2024 is $531.6 to $1236.8.
  • Bearish BCH price prediction for 2024 is $89.6.
  • Bitcoin Cash (BCH) is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity.
  • Bitcoin Cash (BCH) ranks 14th on CoinMarketcap in terms of its market capitalization.
  • The possible resistance and support levels of Bitcoin Cash (BCH) in 2024 are calculated to be $531.6, $1236.8 as resistance levels and $212.2, $89.6 as support levels.
  • Bitcoin Cash (BCH) price prediction for 2025, 2026-2030 indicates a bullish trend.
  • Bitcoin Cash (BCH) might surpass its current all-time high (ATH) of $4,355.62
  • If Bitcoin Cash (BCH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1250 soon.
  • Traders could make a selling bet when the security price reaches its resistance trendline.

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Stackexchange

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Error "bad-txns-inputs-duplicate". Very weird

  • The user encountered an error with the code 'bad-txns-inputs-duplicate' while working on their backend.
  • The error occurred when the backend generated a new address, sent funds to the address, and waited for the funds to appear.
  • Upon submitting the transaction hex to mempool.space, they received the error message indicating that a UTXO was spent multiple times in one transaction.
  • The user has thoroughly reviewed the code and confirmed that it's impossible for a UTXO to be added multiple times, and there were no previous transactions that could have spent a UTXO.

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Nigeriabitcoincummunity

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SideFans: Don’t Miss Out On This $2000 Telegram Airdrop

  • SideFans is a Telegram game that is offering a massive airdrop
  • The game is owned by Sidekick and powered by Tokenised App Protocol (TAP) technology
  • Players earn rewards by completing social tasks, inviting friends, and participating in daily check-ins
  • SideFans is backed by Binance, raising expectations for a generous or fair airdrop

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17 Likes

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Coinjournal

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Bitcoin (BTC) price targets $63k as crypto market awakens after Fed rate cut

  • Bitcoin (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points.
  • Next resistance level for Bitcoin is at $63,000.
  • Ethereum (ETH) and Solana (SOL) have also experienced significant price surges, reflecting a broader crypto market rally.
  • Caution remains due to economic uncertainties and potential regulatory issues.

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Altcoinbuzz

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ZK Compression Now Live on Solana Mainnet-Beta

  • ZK Compression is now live on Solana Mainnet-Beta.
  • ZK Compression helps Solana developers save 1000 times on costs, making it cheaper to store and manage data on the Solana blockchain.
  • ZK Compression also addresses Solana's state growth problem by organizing and managing the growing amount of data.
  • ZK Compression lays the groundwork for future advancements like ZK compute, making Solana more powerful and efficient.

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Medium

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The Rise and Fall of Axie Infinity: What Happened to the Pioneering Play-to-Earn Game?

  • Axie Infinity emerged in 2018 as one of the pioneering play-to-earn blockchain games that allowed players to own, breed, and battle virtual pets called 'Axies'.
  • The game gained popularity due to its unique play-to-earn model, where players could earn in-game rewards in the form of SLP tokens that could be exchanged for real-world money.
  • However, Axie Infinity faced challenges such as a decline in new player growth, plummeting token values, and a major breach of security that led to a loss of confidence from players and investors.
  • Despite efforts to improve the platform, Axie Infinity's active player count has significantly dropped, but the lessons learned will likely influence future blockchain games in the play-to-earn space.

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Newsbtc

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Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes

  • Bitcoin is expected to continue its bullish swing in the short-term, according to a top analyst.
  • The supply of Bitcoin on spot exchanges has been decreasing as investors withdraw their coins into self-custodial wallets.
  • However, the combined supply of Spot BTC and Paper BTC has remained relatively unchanged, indicating the printing of Paper BTC.
  • A short squeeze in the market could potentially change the current neutral bearish sentiment to a more bullish structure.

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Altcoinbuzz

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Circle Moves Headquarters to New York

  • Circle, a stablecoin issuer, has moved its headquarters to New York ahead of its planned IPO.
  • The company is building a new office at the One World Trade Center.
  • The move aligns with the trend of crypto companies blending with traditional finance.
  • Circle believes 2025 will be a significant year for the stablecoin market.

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Altcoinbuzz

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Revolut’s Plan to Create a Stablecoin

  • Revolut is reportedly planning to create its own stablecoin.
  • The company aims to offer more crypto options and become a trusted place for users.
  • Revolut wants to make crypto a big part of its vision of 'banking without borders.'
  • Creating a stablecoin would provide a digital currency with a more stable value for everyday transactions.

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7 Likes

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TheNewsCrypto

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Is Bitcoin (BTC) Hinting at a Bull Run in the Wake of Fed Cuts?

  • Bitcoin (BTC) is trading at $62,046.34, showing a 2.83% increase in the past day.
  • A recent Federal Reserve rate cut by 50 bps historically impacts Bitcoin.
  • Technical analysis suggests mixed signals for Bitcoin, with key resistance at $62,124 and support at $61,900.
  • ETF outflows indicate caution among institutional investors, potentially impacting Bitcoin's price momentum in the short term.

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Altcoinbuzz

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Top Solana DePIN Projects Shaping the Future – Part 2

  • This article covers wireless networks, decentralized mapping, and other game-changing Solana DePIN projects.
  • Helium is leading with its decentralized 5G network called MOBILE Network, which has over 965K subscribers and has transacted 27.1 TB of data.
  • Dabba Network is installing low-cost WiFi networks in uncovered areas of India and has deployed 1,600 WiFi hotspots with 29,000 devices connected.
  • DAWN decentralizes wireless internet services and offers cheap internet for under $10 a month, with plans to cover 3 million U.S. households.
  • Hivemapper decentralizes mapping by collecting location data from drivers with dashcams and rewarding them with $HONEY tokens.

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8 Likes

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Coinpedia

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Bitcoin Breaks Above $62,000—Will the FED Rate Cuts Push the BTC Price to $70,000?

  • Bitcoin price breaks above $62,000 and tests crucial resistance.
  • The Federal Reserve's rate cuts offer a boost to BTC price.
  • Traders become bullish as over $57 million in shorts get liquidated.
  • BTC price expected to rise to $64,800, with potential pullback before reaching upper resistance.

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