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Bitcoin News
Medium
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184
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Why I’m Taking Medium Seriously: A Journey into Crypto Trading, Web Scraping, and Data Science
- This article explores the use of trading bots, like Freqtrade, to automate crypto trading and optimize returns.
- The author shares insights into web scraping projects, including scraping Google Maps, LinkedIn, and gathering niche datasets.
- Data science is discussed as a way to analyze the collected data and derive meaningful insights through machine learning and statistical analysis.
- The author promises to regularly provide high-quality content in these areas, including tutorials, case studies, and personal insights.
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11 Likes
Altcoinbuzz
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248
Binance Founder CZ to Be Released from Prison on Sept 29th
- Changpeng Zhao, founder of Binance, will be released from prison on September 29, 2024.
- CZ, a prominent figure in the crypto world, founded Binance, one of the largest cryptocurrency exchanges.
- The reason for CZ's imprisonment has not been widely disclosed, but Binance has faced regulatory scrutiny.
- Binance will list new tokens and continue its operations during CZ's absence.
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14 Likes
Livebitcoinnews
2M
73
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Senate Candidate and Attorney John Deaton States SEC’s Actions Cost Retail Crypto Investors $15 Billion
- Pro-crypto lawyer John Deaton claims that the SEC's enforcement actions have cost retail crypto investors $15 billion.
- Deaton accuses the SEC of misconduct and overreach in its treatment of small investors.
- He vows to take action against SEC personnel if elected as a senator.
- The SEC has faced criticism for its classification of cryptocurrencies as securities.
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4 Likes
Cryptoslate
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395
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Bitcoin inflows surge to $436 million while ETF volumes remain below average
- Crypto investment products saw inflows of $436 million, reversing previous outflows.
- ETF trading volumes remained flat at $8 billion, below the yearly average of $14.2 billion.
- The inflows were triggered by changing market expectations for a potential interest rate cut.
- Bitcoin saw the largest inflows, reversing ten days of outflows, while Ethereum faced outflows due to concerns about profitability.
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23 Likes
Livebitcoinnews
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188
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CFTC Launches Initiative to Combat Crypto “Pig Butchering” Scams
- The CFTC has launched a new initiative to combat cryptocurrency-related scams, specifically targeting 'pig butchering' schemes.
- The CFTC's Office of Customer Outreach and Education is collaborating with various organizations to develop materials for identifying pig butchering scams.
- The initiative includes producing a fact sheet and investor alert in collaboration with the SEC's Office of Investor Education and Advocacy.
- By increasing public awareness, the CFTC aims to prevent or reduce the occurrence of these fraudulent schemes.
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11 Likes
Bitcoinist
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133
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BlackRock And Bitcoin ETFs Shielded BTC From Massive Drops — Analyst
- BlackRock and Bitcoin ETFs have helped stabilize the price of Bitcoin, according to Bloomberg analyst Eric Balchunas.
- There are speculations that BlackRock uses Coinbase's Bitcoin IOUs to manipulate the market and trigger price declines.
- Claims have emerged that Coinbase's actions with Bitcoin IOUs might be important in the erratic fluctuations of BTC.
- Coinbase CEO Brian Armstrong denies providing BlackRock with special access to BTC borrowing rights.
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8 Likes
Altcoinbuzz
2M
377
DuckDuckGo Shows Fake Etherscan Sites
- DuckDuckGo users searching for 'Etherscan' encountered fake websites designed to look like the real Etherscan site.
- These scam sites tricked users into connecting their MetaMask wallets, giving scammers access to their cryptocurrencies.
- The mistake occurred because DuckDuckGo's search engine ranked the fake sites higher than the real Etherscan site.
- Users are urged to double-check the URL and look for small details to ensure they are on the legitimate website.
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22 Likes
Livebitcoinnews
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225
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China Considers Strengthening Anti-Money Laundering Laws to Address Fintech Risks
- Chinese lawmakers are considering revisions to the country's anti-money laundering law to address the risks posed by fintech, including cryptocurrencies.
- The amendments aim to enhance the identification and assessment of money laundering connected with emerging technologies.
- The second reading of the draft revision will be conducted this week in China's legislature.
- The changes aim to align China's AML framework with international standards and address the challenges posed by new financial products and business models.
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13 Likes
Livebitcoinnews
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1.4k
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India Leads Global Crypto Adoption Despite Ban on Offshore Exchanges
- India remains the leader in global cryptocurrency adoption despite regulatory challenges.
- The ban on offshore exchanges has not significantly reduced their usage in India, and regulatory adjustments are ongoing.
- India ranks first in Chainalysis’s Global Crypto Adoption Index for the second year in a row, outperforming other nations.
- Despite the ban, restricted offshore exchanges still account for nearly 40% of total centralized exchange (CEX) value in India.
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25 Likes
Cryptonewsz
2M
59
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Bitcoin Price: 3 Reasons Why BTC Risks Another Fall To $55K
- Bitcoin price faces downward pressure, with indicators pointing to a potential fall to $55K.
- A large Bitcoin whale recently sold 500 BTC, contributing to increased selling pressure.
- Increased liquidations and surge in exchange balances suggest further selling pressure.
- Analyst highlights potential rebound to $60.2K, but warns of a drop to $55K if critical support level breaks.
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3 Likes
Livebitcoinnews
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229
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Well-Known Crypto Trader James Fickel Loses $43 Million Shorting Bitcoin Against Ether
- James Fickel, a well-known crypto trader, has lost $43 million while shorting bitcoin against ether.
- Fickel, an early investor in ether, believed that it would outperform bitcoin.
- However, his trading strategy resulted in a loss of ~18,000 ETH.
- Despite the approval of spot ETH ETFs, the price of ether has not performed as expected.
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13 Likes
Crypto-News-Flash
2M
321
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Is Q4 2024 the Start of a New Crypto Market Bull Run? Analyst Insight
- Crypto analyst Miles Deutscher believes that Q4 of 2024 could ignite a bull run in crypto markets fueled by macroeconomic and cryptocurrency dynamics.
- Historically, the fourth quarter has been the strongest for both equities and crypto. BTC has returned an average of +88.84% during Q4, with notably impressive performances during past halving years.
- Crypto analyst Miles Deutscher believes that Q4 of 2024 could ignite a bull run in crypto markets fueled by macroeconomic and cryptocurrency dynamics.
- Deutscher predicts that a Trump presidency might be especially beneficial to the cryptocurrency industry, while a victory for Kamala Harris may provide regulatory issues.
- The most recent Consumer Price Index (CPI) measurement was the lowest since February 2021, indicating that inflation is being kept under control. Deutscher believes that Federal Reserve rate decreases may lead to lower interest rates and may benefit risky assets such as shares and crypto.
- Global liquidity is already expanding and is likely to continue to do so through 2025. This surge in liquidity may bolster Bitcoin’s upward momentum, creating a favorable atmosphere for the market to expand.
- Retail participation in cryptocurrency is currently at an all-time low. According to metrics such as Google Trends and social media activity, 90% of retail investors have left the market. This dynamic provides a chance for more aggressive market expansion.
- FTX's repayment of $16B to creditors could inject liquidity into the market, fueling further growth potential. Many users are expected to put the funds back into the market, increasing liquidity and stoking the possibility of a market turnaround.
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19 Likes
Altcoinbuzz
2M
22
Crypto Millionaire Loses $43 Million in Trading Bet
- A crypto millionaire named James Fickel lost $43 million in a trading bet on the price of Ether compared to Bitcoin.
- Fickel borrowed $172 million worth of Wrapped Bitcoin (WBTC) and bet that the price of Ether would go up. However, Ether's value fell, leading to his losses.
- Fickel's debt on the decentralized lending platform Aave has reached $132 million, highlighting the risks of such trading.
- This incident serves as a warning that even experienced investors can face significant losses in high-stakes cryptocurrency trading.
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1 Like
Blockonomi
2M
294
Image Credit: Blockonomi
Bitcoin & Crypto Market Dips as Markets Await Federal Reserve’s Interest Rate Decision
- Bitcoin experienced a slight downturn ahead of the Federal Reserve's interest rate decision.
- Market uncertainty stems from uncertainty about the size of the rate cut and the Fed's future policy trajectory.
- Bitcoin options market reflects significant event risk around the Fed meeting.
- Former President Donald Trump survives apparent assassination attempt at Florida golf course.
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17 Likes
Newsbtc
2M
331
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Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
- Solana has dropped below the $137 support level, indicating bearish momentum is gaining traction.
- The breach of the 100-day SMA suggests a prolonged downside movement for Solana.
- Daily charts indicate strong selling pressure, signaling a heightened risk of further losses for SOL.
- Key support zones to watch for a potential rebound include $118 and $99.
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19 Likes
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