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Bitcoin News
readwrite
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Bitcoin and Ethereum fall on Donald Trump’s second assassination attempt
- Bitcoin (BTC) and Ethereum (ETH) prices drop following another assassination attempt on Donald Trump.
- Bitcoin lost nearly 3.4% in the last 24 hours, trading under $58,200.
- Ethereum fell by nearly 4.5% in the last 24 hours, currently trading at $2,300.
- The drop in cryptocurrency prices coincides with the second attempt on Trump's life.
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Bitcoinsensus
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Bitcoin Mining Ban in Norway Raises Power Costs 20%
- The Bitcoin mining facility in Hadsel, Norway, was shut down after noise complaints
- Following the closure, local residents face a 20% increase in their electricity bills
- The facility consumed energy equivalent to that of 3,200 households per year
- The closure of the facility has led to a revenue loss for the local grid company, resulting in higher costs for residents
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Crypto-News-Flash
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Will Bitcoin Fall or Rise? Experts Share Conflicting Predictions
- Peter Schiff predicts Bitcoin may drop to $15,000–$20,000, citing a possible triple top pattern.
- Crypto Rover and Fred Krueger remain bullish, seeing Bitcoin as a potential disruptor to traditional banking.
- Bitcoin continues to divide experts and influencers, with predictions ranging from bearish crashes to bullish rallies.
- Optimistic Q4 Outlook Suggests Potential Bitcoin Bull Run
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Livebitcoinnews
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New UK Legislation to Define Bitcoin and NFTs as Personal Property
- The UK government has introduced a new bill in Parliament to define digital assets, including Bitcoin and NFTs, as personal property.
- The legislation aims to create a tertiary category of personal property, which would extend legal protection to digital assets.
- The bill seeks to legalize various forms of digital assets, strengthen safeguards for asset owners, and provide guidance for judges in cases involving digital assets.
- This initiative puts the UK at the forefront of legally recognizing digital assets, potentially giving it a competitive advantage in the global crypto industry.
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Newsbtc
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Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800
- An analyst explains how a retest of a major on-chain support zone could trigger a crash in Ethereum to $1,800.
- Ethereum is currently retesting the $2,292 to $2,359 range, where a significant amount of ETH was acquired by investors.
- If the demand zone breaks, the analyst predicts a sell-off that could drive Ethereum towards $1,800, resulting in a 21% crash.
- The future of Ethereum's price and whether the on-chain support zone will hold remains uncertain.
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Coinpedia
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Bitcoin Price Prediction: $58K Support Lost with 4% Drop; Will BTC Retest $50K Levels?
- Bitcoin is currently being rejected from a critical area of resistance.
- Resistance level: Between $60,000 and $61,000.
- Support level: Strong area around $56,000 to $57,000.
- Bitcoin needs to recover within the next 1 to 2 days to maintain short-term bullish trend.
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Tokenhell
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Catizen’s Surprise Changes to Airdrop Criteria Anger Some Players
- Catizen has reduced the CATI token supply from 43% to 30% to boost the token's price.
- Eligible players will share 15% of the circulating supply for the airdrop.
- Catizen changed the airdrop criteria after discovering bot accounts manipulating token earnings.
- Some players accuse Catizen of being a scam due to mismatched token allocations.
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Bitcoinik
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Three Major Bitcoin Bull Factors Indicate a Big Move Coming– Hold Your BTC, Don’t Short!
- Several key indicators suggest that Bitcoin (BTC) is gearing up for a potential bull run.
- Crypto token airdrops are on the rise, indicating preparation for a significant market move.
- Bitcoin's historical halving cycle suggests the bull run may begin soon.
- The upcoming US presidential election is expected to favor Bitcoin and increase market volatility.
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Bitcoinist
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Bitcoin Bull Pennant Still In Motion With $158,000 Price Target, Here’s When
- Bitcoin's technical analysis suggests a potential move above $150,000.
- A bullish pennant pattern is forming on the monthly timeframe, indicating building momentum.
- A successful breakout could catapult Bitcoin to a price target of $158,000 by May 2025.
- Bitcoin is displaying bullish patterns on multiple timeframes, with indicators showing buying pressure.
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Livebitcoinnews
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CARV and LayerZero Team Up to Revolutionize Cross-Chain Gaming Data
- CARV, a leading name in modular data solutions for gaming and AI, has partnered with LayerZero to address issues in cross-chain gaming data.
- CARV will leverage LayerZero's technology to enhance data exchange between blockchain networks, enabling a more interconnected experience for developers and players.
- The integration will facilitate the transfer of data across various blockchains, improving data portability for gamers and allowing developers to create more enhanced gaming experiences.
- This partnership aims to redefine gaming by enabling players to carry their digital assets across platforms and empowering developers to create complex cross-chain applications.
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TheNewsCrypto
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Tokensoft Foundation Partners with Stacks Foundation and Bitcoin Frontier Fund to Support Bitcoin Builders
- The Tokensoft Foundation has partnered with Stacks Foundation and Bitcoin Frontier Fund to support Bitcoin builders.
- Tokensoft's product will be tailored for entrepreneurs developing on Bitcoin, providing education and services.
- Builder's access to Tokensoft's resources will expedite fundraising and mitigate risk.
- Tokensoft has a top-tier network of experts to ensure compliance and successful token launches.
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Crypto-News-Flash
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Coinbase and BlackRock Rumored to Suppress Bitcoin Prices—True or False?
- Coinbase and BlackRock have been accused of manipulating the Bitcoin price between $55k and $70k.
- Coinbase CEO and Bloomberg analyst deny the claims, stating the accuser doesn't understand ETFs.
- Coinbase responds, asserting that discrepancies are normal and audits are conducted annually.
- Bloomberg analyst dismisses the allegation and predicts a bullish run for Bitcoin.
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Altcoinbuzz
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Why Rootstock is the Bitcoin Layer 2 You Should Watch in 2024
- Rootstock is a Bitcoin sidechain that enables scalability and versatility to Bitcoin, offering features beyond simple transactions.
- Rootstock is used via a feature known as a 2-way peg that connects it with Bitcoin and enables moving Bitcoin over to Rootstock without losing any value or security.
- Rootstock is more scalable than Bitcoin and has better transaction speed. It also supports DeFi apps like lending, borrowing, and stablecoins.
- Rootstock uses merged mining with Bitcoin, allowing miners to mine two cryptos at the same time without requiring extra computing power.
- Rootstock is compatible with the Ethereum Virtual Machine (EVM), enabling developers to build Dapps on Rootstock using Ethereum tools and languages, like Solidity.
- Rootstock powers two key services: RIF and Sovryn, both of which help make the ecosystem more powerful, valuable, and accessible for developers and users.
- RIF is a toolkit that makes it easy for anyone to build on Rootstock. It provides lots of services that developers can leverage and interact with blockchain-based tools.
- Sovryn allows users to lend, trade, and earn interest on Bitcoin while maintaining decentralized control. Also, users can get up to 5x leverage and up to 9.22% APR by staking SOV tokens.
- Rootstock is coming speedily, increasing its market presence with campaigns like the World Tour while capitalizing on its initial momentum.
- Rootstock offers powerful solutions for DeFi, smart contracts, and more via a Bitcoin sidechain, making it an essential Bitcoin layer 2 to watch in 2024.
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Altcoinbuzz
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Coinbase CEO Says No to Proof of Reserves
- Coinbase CEO, Brian Armstrong, has stated that the company has no plans to implement proof of reserves.
- Armstrong explains that Coinbase follows other methods to ensure the safety of customer funds, such as transparent transactions on the blockchain.
- For institutional clients, trades may not be settled immediately on the blockchain, but Armstrong reassures that they are eventually settled on-chain.
- Coinbase argues that proof of reserves is not necessary as the company undergoes annual audits by Deloitte and follows strict rules as a public company.
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Newsbtc
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Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months, Analyst Predicts
- Bitcoin (BTC) is expected to rebound in the coming months, surpassing $92,000 despite recent losses.
- Short-term projections indicate a possible positive trend, with a potential buying opportunity before a significant rise begins.
- Past performance and historical data suggest that Bitcoin's current trend aligns with previous post-halving periods, indicating the potential for substantial price gains.
- In the long-term, Bitcoin's outlook remains promising, with estimates of a rise of 102% over the next six months and a chance for even greater gains within the year.
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