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Bitcoin News
Coinpedia
2M
27
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Top Mathematician Says Bitcoin Will 10x From Here: ‘It Has No Competition’
- Mathematician Fred Krueger believes Bitcoin will 10x from its current value and has no competition.
- Krueger sees Bitcoin as a revolutionary force that aims to replace the traditional financial system.
- While other cryptocurrencies focus on practical uses, Bitcoin aims to disrupt banks and remove government control.
- Krueger predicts Bitcoin will eventually replace banks and the US dollar, becoming a mainstream daily currency.
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1 Like
Coinpedia
2M
404
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FED Interest Rate Decision: How a 0.50% Cut Could Impact Bitcoin and Stocks?
- Crypto trader Doctor Profit predicts a 0.50% interest rate cut by the Federal Reserve.
- He believes a 0.25% cut would be insufficient for the current economic situation.
- Bitcoin and stocks face extreme volatility ahead of the Fed's decision.
- Doctor Profit advises managing risk carefully in the short term and expects a positive mid-term outlook.
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24 Likes
Newsbtc
2M
174
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Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?
- Dogecoin (DOGE) is facing a decline from the $0.1085 resistance against the US Dollar.
- DOGE price is trading below the $0.1020 level and the 100-hourly simple moving average.
- A key bearish trend line is forming with resistance at $0.1050 on the hourly chart.
- The price could extend losses and revisit the key support at $0.0980.
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Cryptonews
2M
248
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Aussie Analyst Foresees ‘Monumental Market Shift’ in Coming Months
- Australian crypto analyst, Miles Deutscher predicts a possible market turnaround in Q4 2024, expecting the fourth quarter to 'spark a monumental market shift'.
- Historical data suggests that the best returns for crypto occur between October and April, which could signify an upcoming boom period, with Q4 being Bitcoin's the strongest quarter with average returns of +88.84%.
- Deutscher views the macro environment as a long-term bullish factor for crypto, regardless of who wins the US presidential election, but suggests that a Trump presidency could positively impact crypto due to his supportive stance.
- Deutscher predicts a decrease in retail interest and significant repayments from FTX could catalyze a market turnaround.
- Decreased retail interest already evident with most assets trading sideways, causing investors to lose interest.
- Past returns between May and September have been only around 620%, while those between October and April have been 13,656,203%.
- Deutscher believes that global liquidity, highly correlated with BTC more than with equities or gold, is increasing and expected to rise into 2025, possibly boosting crypto markets further.
- Deutscher says it is actually riskier not to be exposed to the market than it is to be exposed to it, although he acknowledges that crypto remains highly volatile.
- FTX repaying $16 billion to creditors, with $12 billion in cash likely to re-enter the market, is expected to offset the negative impact caused by past Mt. Gox/German selling.
- The decreased retail interest, along with FTX's repayment, is expected to create aggressive expansionary phases, resulting in the positive upside outlook of the market.
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14 Likes
Newsbtc
2M
285
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Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls
- Ethereum price is down over 5% and trading below $2,350l.
- There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD.
- The pair must clear the $2,320 resistance to start a recovery wave in the near term.
- If Ethereum fails to clear the $2,320 resistance, it could start another decline in the near term.
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17 Likes
Cryptonews
2M
345
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Last Dip Buying Opportunity? Analysts Predict Bitcoin Will Soar Beyond $90K Soon
- Crypto markets saw typical fluctuations over the weekend, with BTC briefly rising by 6% before dipping again.
- Despite recent volatility, BTC prices are similar to mid-August levels, countering predictions of a drop below US$40k.
- Emotional trading continues to influence the market, as indicated by the Fear & Greed Index currently in 'Fear' territory.
- Analysts predict significant potential for BTC, noting a possible breakout to US$92k and higher, driven by a 'bull pennant' pattern.
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20 Likes
Cryptonews
2M
285
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MicroStrategy Invests an Additional $1.11 Billion in Bitcoin
- MicroStrategy has invested $1.11 billion in Bitcoin, buying 18,300 BTC.
- The company raised funds by selling over 8 million shares.
- MicroStrategy's total BTC holdings now exceed 244,000, valued at $14 billion.
- This makes MicroStrategy the largest public Bitcoin holder, surpassing Marathon Digital Holdings.
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17 Likes
Newsbtc
2M
395
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Bitcoin Price Flashes Downside Break: Will Bears Take Over?
- Bitcoin price failed to clear the $60,650 resistance and is now correcting gains.
- Bitcoin is trading below $58,800 and the 100 hourly Simple moving average.
- A break below a key bullish trend line with support at $60,000 occurred.
- Bitcoin could decline towards the $57,500 support zone.
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23 Likes
Stackexchange
2M
216
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Bitcoin core functional tests failing running on WSL2 on Windows 10
- Bitcoin core functional tests are failing on WSL2 on Windows 10.
- Multiple tests are failing, including feature_fee_estimation.py, mempool_accept.py, mempool_limit.py, mempool_package_limits.py, mempool_sigoplimit.py, p2p_addr_relay.py, p2p_blocksonly.py, p2p_compactblocks_blocksonly.py, p2p_feefilter.py, p2p_segwit.py, p2p_sendtxrcncl.py, wallet_fundrawtransaction.py --descriptors, wallet_miniscript.py --descriptors, and wallet_sendall.py --descriptors.
- The first file to test, feature_fee_estimation, is throwing an error related to the maximum mempool size.
- Attempts to resolve the issue by changing /etc/resolve.conf have not been successful.
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13 Likes
Coinjournal
2M
138
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Bitcoin Dogs (0DOG) makes an attempt at $0.04934 as Bitcoin (BTC) turns bullish
- Bitcoin Dogs (0DOG) is projected to surge as Bitcoin’s price turns bullish.
- 0DOG could reclaim its all-time high of $0.04934 due to increased demand amid new exchange listings.
- Analysts predict a potential 100X move for 0DOG by the end of 2024.
- Bitcoin Dogs (0DOG) is directly tied to Bitcoin’s performance and with the current bullish outlook for BTC and new exchange listings, it is poised for a major breakout.
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8 Likes
Minis
6M
684
Image Credit: Minis
Binance founder Changpeng Zhao is world’s richest prisoner; check his net worth
- Binance founder Changpeng Zhao received a four-month prison sentence for violating US anti-money laundering laws, becoming the world's richest imprisoned individual with a $43 billion net worth.
- Despite stepping down as CEO last year, Zhao's influence remains strong with a 90% stake in Binance. His sentence, imposed by US District Judge Richard Jones, was lighter than expected, contrasting with Sam Bankman-Fried's 25-year term for FTX exchange fraud.
- US Attorney Tessa Gorman hailed the outcome, emphasizing the significance of Zhao's incarceration in a long-standing investigation.
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6 Likes
Minis
1y
1.3k
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Multi-Crore Scam Busted In Assam's Guwahati
- Assam Police have uncovered a multi-crore online tech scam in Guwahati, involving 191 individuals, reminiscent of the notorious Jamtara scam.
- The scammers operated eight illegal call centers in Guwahati, targeting victims by posing as reputable organizations or using pop-up messages on computers.
- They used tactics like convincing victims their bank accounts were compromised, their computers had viruses, or their personal information was at risk, ultimately stealing their information and money.
- Bitcoin and hawala channels were used to transfer the ill-gotten gains, and the scammers recruited young adults aged 21 to 25 through social media platforms for their call centers.
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18 Likes
Minis
1y
1.4k
Image Credit: Minis
Vitalik celebrates Ethereum's 8th anniversary in India
- Ethereum co-founder Vitalik Buterin celebrated the crypto's eighth anniversary in India on July 30, 2023.
- During the celebration in Bengaluru, Polygon co-founder Sandeep Nailwal shared pictures of Vitalik enjoying Indian delicacies, including ghevar and masala dosa.
- Ethereum, the world's second-largest cryptocurrency, had its official launch on July 30, 2015.
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30 Likes
Minis
1y
1.6k
Image Credit: Minis
World's first Bitcoin Tower design revealed, guests will get money to stay
- Salvatore Liggiero unveils the design of the world's first Bitcoin Tower in Dubai, shaped like the Bitcoin symbol.
- The tower combines hospitality and cryptocurrency, offering guests exclusive NFTs as rewards during their stay.
- Guests can effectively stake cryptocurrency, generating an annual percentage yield (APY) as an investment opportunity.
- The project emphasizes sustainability, technology, community involvement, and a decentralized governance approach through a DAO.
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29 Likes
Minis
1y
1.1k
Image Credit: Minis
Hackers steal $721 million in cryptocurrency from Japan: Report
- Hacker groups affiliated with North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017, accounting for 30% of global losses in this category.
- The report comes after the Group of Seven finance ministers and central bank governors expressed support for measures to counter illicit activities by state actors, including the theft of crypto-assets.
- According to blockchain analysis provider Elliptic, North Korea has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.
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9 Likes
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