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Bitcoin News
Zycrypto
2M
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Bitcoin Pumps To $61,000, Then Retraces After Fed Aggressively Cuts Interest Rates For First Time In Four Years
- Bitcoin rallied above $61,000 after the US Federal Reserve's rate cut.
- Many analysts believe the rate cut could be positive for Bitcoin and the crypto market.
- Rate cuts are historically bullish for Bitcoin, as they weaken the US dollar and increase demand for risk-on assets.
- While short-term turbulence is expected, analysts recommend focusing on the long-term potential for higher Bitcoin prices.
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Coin Telegraph
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Chainlink’s Sergey Nazarov predicts asset tokenization will transform Web3
- Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.
- The value of tokenized real-world assets (RWA) will exceed that of cryptocurrencies on Web3 in the next few years.
- Chainlink co-founder Sergey Nazarov believes TradFi will be the largest customer of DeFi.
- Chainlink's Cross-Chain Interoperability Protocol (CCIP) may play a crucial role in the emerging Internet of Contracts.
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Newsbtc
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Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000
- Bitcoin could potentially reach a new All-Time High (ATH) if it breaks key resistance at $60,000.
- Analyst Michael van de Poppe suggests that as long as Bitcoin stays above $58,500, the market will remain strong, possibly leading to a massive pump in October.
- The projected ATH is expected to surpass the previous peak of $73,000 reached in March 2024, with factors like Q4 being historically bullish for Bitcoin.
- Multiple analysts anticipate a bullish period for Bitcoin in the next three months, with price targets ranging from $62,000 to $100,000 by the end of the year.
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Bitcoinist
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BlackRock CEO Says ‘I Was Wrong About Bitcoin’, Here’s Why
- Larry Fink, CEO of BlackRock, admits he was wrong about Bitcoin and now believes in its value and importance.
- Fink acknowledges his previous skepticism of Bitcoin but states that his perspective has evolved over the years.
- He praises Bitcoin as a legitimate digital currency and financial instrument with uncorrelated financial returns.
- Fink highlights Bitcoin's role in countries with debased fiat currencies and poor economic systems.
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Coin Telegraph
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$1.5M CryptoPunk bought for $23K, Coinbase’s NFT legal defense fund: Nifty Newsletter
- Pudgy Penguins CEO calls SEC's actions against NFTs nonsense.
- Trader acquires high-end CryptoPunks NFT for 10 ETH.
- Coinbase supports NFTs with a legal defense fund.
- Digital Chamber backs bill to define and exempt NFTs from securities laws.
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Cryptopotato
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Bitcoin Price Analysis: The Fed Cut Rates, Now What’s Next for BTC?
- Bitcoin's price is poised to break above the $60K level after consolidating for weeks.
- Technical analysis suggests that the price needs to surpass the $64K resistance level for a new long-term rally.
- On-chain analysis indicates a decline in BTC held in exchange wallets, indicating potential accumulation and a possible rally in prices.
- The recent rate cut by the Fed could have implications for Bitcoin's future price movement.
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Cryptoslate
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MicroStrategy boosts Bitcoin buying power with $875M convertible debt offering
- MicroStrategy has increased its convertible debt offering to $875 million to purchase more Bitcoin.
- The company plans to raise funds through the sale of convertible senior notes with an interest rate of 0.625%.
- The net proceeds from the sale are estimated to be approximately $864.1 million.
- MicroStrategy intends to use the funds to buy more Bitcoin and for general corporate purposes.
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Coin Telegraph
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HEX founder Richard Heart suspected of tax evasion in Finland
- Richard Schueler, aka Richard Heart, the founder of Hex and PulseChain crypto firms, has been remanded into custody in absentia in Finland.
- He is suspected of tax evasion and assault.
- Richard Heart is already facing a Securities and Exchange Commission suit for alleged unregistered securities offerings in the United States.
- Neither US nor Finnish authorities have been able to locate him.
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Cryptonewsz
2M
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ZachXBT Unearths $75M Bitcoin Theft from Cencora in Major Scam
- Crypto investigator ZachXBT has uncovered a $75 million Bitcoin theft from Cencora Inc.
- The ransom payment was made in response to a cyberattack in early 2024.
- Cencora has faced criticism for its lack of transparency regarding the incident.
- The incident has raised concerns about the increasing trend of lucrative ransomware attacks.
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Bitcoinist
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Hemi Labs Secures $15 Million In Funding To Build A Bitcoin-Ethereum ‘Supernetwork’
- Hemi Labs, co-founded by former Bitcoin core developer Jeff Garzick, secures $15 million in funding.
- The funding will be used to build a 'supernetwork' that integrates Bitcoin and Ethereum capabilities.
- Hemi Labs aims to enable Ethereum's smart contracts to interact directly with Bitcoin.
- Investors in the funding round include Binance Labs, Breyer Capital, and Big Brain Holdings.
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24 Likes
Newsbtc
2M
206
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Fantom To $2: Here’s What’s Driving The FTM Price Recovery
- Fantom (FTM) is experiencing bullish momentum, with a potential rise to $2.
- The FTM price recovery is driven by Fantom's bullish fundamentals, including the imminent launch of the Sonic network.
- Sonic's launch is scheduled for November/December 2024, and it is expected to be EVM-compatible and provide fast settlement with over 10,000 TPS.
- Additionally, an airdrop of 190 million S tokens will occur, further increasing liquidity and sparking FTM price recovery.
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Cryptoslate
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CleanSpark doubles down on Bitcoin mining with new Mississippi acquisitions
- CleanSpark has acquired two new sites near Clinton, Mississippi for Bitcoin mining.
- The sites were purchased for $5.775 million and can support 16.5 megawatts.
- The locations will house S21 Pro miners, providing a combined operating hash rate of roughly one exahash per second (EH/s).
- With these additions, CleanSpark's data center capacity in Mississippi will grow to 60.5 MW.
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Bitcoinsensus
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0
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Hamster Kombat Season 1 Snapshot Ends September 20
- The snapshot of Hamster Kombat Season 1 will be taken on September 20th at 8:00 PM CET for assigning rewards.
- The airdrop date is set for September 26th, rewarding players based on their in-game activity, number of friends invited, and completion of daily quests.
- Major exchanges, including Bybit, will support the trading of the Hamster Kombat token.
- Future seasons of Hamster Kombat will bring more updates and exciting features.
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Pymnts
2M
96
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Visa and Dtcpay Partner to Facilitate Use of Digital Currencies
- Visa and Singapore-based digital payments solutions provider dtcpay have partnered to enable consumers and businesses to convert digital currencies into fiat and make digital payments.
- The collaboration will integrate dtcpay's digital payments capabilities with Visa's global payments network, providing access to 130 million merchants in over 200 countries and territories.
- The first product resulting from this collaboration will be a dtcpay Visa Infinite card, allowing users to convert digital currencies into fiat currencies in real-time and use them to fund the card.
- Visa's partnership with dtcpay aims to drive innovation in the payments industry and empower consumers and businesses to seamlessly make digital payments using digital currencies.
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Bitcoinsensus
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367
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Swiss Stock Exchange Crypto: Platform Launch
- SIX, the Swiss stock exchange, is considering launching a crypto trading platform for institutional investors.
- The move reflects Switzerland’s supportive regulatory stance on cryptocurrencies and digital assets.
- SIX’s potential platform would target institutional clients, leveraging its global presence in Europe, Singapore, and beyond.
- The Zurich Stock Exchange is evaluating the possibility of creating a platform to facilitate crypto trading.
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