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Bitcoin News
Bitcoinist
6d
153
Image Credit: Bitcoinist
Bitcoin Retail Volume Makes Comeback As BTC Records New High
- Bitcoin retail volume has sharply increased as the cryptocurrency hits a new high.
- Retail investors, with small holdings, have shown increased interest and transaction volume.
- Historically, rallies that attract retail investors tend to sustain and prolong the price surge.
- The Coinbase Premium Index also indicates strong demand from American institutional investors.
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9 Likes
Altcoinbuzz
6d
144
cbBTC: Bitcoin Now on Solana
- cbBTC is a token issued by Coinbase on the Solana blockchain, backed 1:1 by Bitcoin held in Coinbase's custody.
- This allows users to access Bitcoin's value on the Solana network, benefiting from its speed and low costs.
- cbBTC can be used in Solana's ecosystem for tasks such as lending, borrowing, and trading tokens.
- Users can acquire cbBTC through Jupiter.ag or the Jupiter Mobile app, with the option of purchasing it directly through a special tweet link.
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Bitcoinchaser
6d
157
Image Credit: Bitcoinchaser
Highest Odds Sports Promo at Stake: $10K Ready to Be Won!
- Stake.com is offering the Highest Odds Sports Promo, where players can place a multi-bet on any sports match and win a share of the $10,000 prize pool.
- The promotion is available from November to December 1st, 2024, and participants need to post their Sports Bet ID and screenshots of winning bets on the forum page within 24 hours.
- The leaderboard is updated daily, and players with the highest odds and wagered amounts will rank higher in case of a tie.
- The top 50 players will share the prize pool, with the first-place winner receiving $1,200 and additional rewards for verified accounts and completed verifications.
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Bitcoinchaser
6d
289
Image Credit: Bitcoinchaser
An In-Depth Look at Vave’s VIP Program
- Vave's VIP Program is designed to reward frequent casino players and sports bettors with perks that range from cash rewards to free spin bonuses.
- Joining Vave's VIP Program is easy as making your first deposit, and you are automatically enrolled in the Casino or Sports VIP Program depending on where you place your bets.
- The Vave Casino VIP Program offers a multi-tiered experience, offering 18 levels with perks that range from cash rewards to free spins bonuses.
- In the casino VIP program, you'll earn one VP for every 20 USDT (or its crypto equivalent) you wager on slots, and any rewards you earn will have a 10x wagering requirement.
- The sports VIP program features a tiered rewards system with seven levels, and you earn one VP for every 10 USDT you wager on sports betting with minimum odds of 1.3.
- Vave's VIP System operates on a simple point-based structure, making it easy to track your progress and see how close you are to unlocking the next set of perks.
- With regular promotions and features like the Wheel of Fortune, both types of players can enjoy rewards based on their specific interests and take their crypto gambling and sports betting to the next level.
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Crypto-News-Flash
6d
140
Image Credit: Crypto-News-Flash
Bitcoin Spot ETFs See Historic $1.37B Inflow, Led by BlackRock
- Bitcoin spot ETFs attracted a historic inflow of $1.376 billion, indicating strong institutional interest in crypto.
- BlackRock's IBIT ETF had a one-day inflow of $1.12 billion, setting a new high and demonstrating the growing interest of big investors.
- Ethereum spot ETFs also experienced significant inflows, with $79.74 million on the same day, reflecting the desire for diversified exposure within the crypto market.
- Institutional investment in Bitcoin and Ethereum ETFs highlights the increasing acceptance of digital assets in mainstream finance and the importance of regulated products in bridging the gap between institutional and crypto investors.
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8 Likes
Crypto-News-Flash
6d
256
Image Credit: Crypto-News-Flash
Bitcoin Developers Propose Soft Fork-Free Covenant for Network Upgrade
- The ColliderScript proposal allows for covenants in Bitcoin without a soft fork, enhancing its programmability and competitiveness with Ethereum.
- However, it raises concerns about spending restrictions and scalability, requiring further testing and refinement.
- The ColliderScript proposal aims to introduce programmable features to Bitcoin, making it more competitive with Ethereum.
- There are concerns about spending restrictions and scalability associated with the proposal, which will require testing and refinement.
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15 Likes
Altcoinbuzz
6d
256
Phantom Wallet Users Can Now Buy Crypto with Venmo
- Phantom wallet users can now buy crypto with Venmo, benefiting over 60 million Venmo users in the U.S.
- Venmo has partnered with MoonPay to enable Phantom wallet users to purchase Solana with their Venmo accounts.
- This partnership makes buying crypto more convenient and opens the door to new users interested in getting started with cryptocurrency.
- Phantom wallet's integration with Venmo expands its ecosystem and enhances liquidity for Solana.
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Bitcoinmagazine
6d
136
Bitcoin’s Time Has Come With The US Election Results
- Trump's victory in the 2024 US election has significant implications for Bitcoin.
- Trump's pro-Bitcoin pledges and the involvement of pro-Bitcoin senators indicate a shift towards embracing Bitcoin in the US.
- This development puts other countries on notice to adopt Bitcoin or risk being left behind.
- Bitcoin's legitimacy will be solidified as it becomes a reserve asset on the global stage and attracts trillions in investments.
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8 Likes
Altcoinbuzz
6d
103
Cloud Mining as a Solid Passive Income Strategy
- Cloud mining is a way to mine cryptocurrencies without hardware investment.
- Leased hash power type of cloud mining provides accessible passive income.
- To participate in cloud mining, the user needs to choose a cloud mining company and select a mining package.
- The rewards from the mining operation are shared among users according to how much of the total processing power they own.
- Sup Miner is a cloud mining company that promises high returns on mining contracts, but it is not recommended due to unrealistic promises and lack of transparency.
- BitDeer is a safer alternative for cloud mining as it is more realistic on returns and transparent on data.
- There are many scams in cloud mining, so it's important to conduct thorough research and due diligence before investing in any cloud mining company.
- Cryptocurrency investment, especially in cloud mining, involves high risk, and Altcoin Buzz recommends readers to do their due diligence and invest wisely.
- The post gives a brief overview of cloud mining and its participation steps, and it cautions readers against investing in a suspicious company like Sup Miner.
- The post serves as educational, entertainment, and informational purposes only and not as financial advice.
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6 Likes
Bitcoinsensus
6d
380
Image Credit: Bitcoinsensus
New USDG Stablecoin Launched by Major Crypto Firms
- A consortium of companies including Robinhood, Kraken, and Galaxy Digital has launched a stablecoin called USDG via the Global Dollar Network.
- USDG aims to compete with Tether and USD Coin, the current dominant players in the stablecoin market.
- Partners in the Global Dollar Network can earn up to 100% of the returns generated by the assets backing USDG.
- The launch of USDG represents an important effort to promote global stablecoin adoption and provide economic benefits for its supporters.
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22 Likes
Blockonomi
6d
120
Image Credit: Blockonomi
Trump’s Victory Sparks Bitcoin Rally as Crypto Industry Anticipates Policy Shifts
- Bitcoin reaches new all-time high above $76,000 following Trump's election victory.
- Major cryptocurrency firm Galaxy Digital reports Q3 loss of $54 million but remains optimistic about Trump presidency.
- SEC Chairman Gary Gensler expected to resign following Trump's win.
- Trump pledges 10 major crypto initiatives including strategic Bitcoin reserve.
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7 Likes
Crypto-News-Flash
6d
323
Image Credit: Crypto-News-Flash
BREAKING: El Salvador Sees 81% Gains With 722 BTC Acquired
- El Salvador has accumulated 722 Bitcoins since 2022, achieving gains through consistent daily purchases.
- The value of El Salvador's holdings has risen by about 81% and produced a gain of almost $24.54 million.
- President Nayib Bukele's daily Bitcoin buying plan started in November 2022.
- Despite Bitcoin's legal status, only 7.5% of Salvadorans use it for transactions.
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19 Likes
Bitcoinik
6d
157
Image Credit: Bitcoinik
US State Detroit Announces Acceptance of Cryptocurrency for Tax Payments
- Detroit, the largest city in Michigan, has announced that it will accept cryptocurrency as a new payment option for taxes and fees.
- Residents will be able to pay taxes and fees using cryptocurrencies through a secure digital platform managed by PayPal.
- Detroit aims to create a technology-friendly environment and become one of the first major U.S. cities to explore blockchain for civic applications.
- The announcement comes following Donald Trump's victory in the U.S. presidential election, who expressed support for the cryptocurrency sector.
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Altcoinbuzz
6d
107
BlackRock Bitcoin ETF Hits $4.1B Trading Record
- The BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT), hit a new trading volume record of over $4.1 billion on November 6th.
- The ETF saw its second-best trading day, surging 10% in price
- Many other Bitcoin ETFs also saw higher-than-usual trading volumes, nearly double their daily average.
- Donald Trump’s re-election, along with his pro-crypto policies, is believed to have brought more attention to Bitcoin as an investment option.
- Bitcoin price also hit a new high of $76,500 due to a rush of buying activity from investors who saw Trump’s re-election as a positive sign for crypto
- As more investors look to add Bitcoin to their portfolios, funds like BlackRock’s Bitcoin ETF are enjoying increased attention
- Experts believe that Trump’s presidency will strengthen the position of Bitcoin and other cryptocurrencies. Hence, many fund managers have submitted applications for ETFs holding altcoins
- The demand for crypto is stronger than ever with Trump’s pro-crypto approach, indicating a bright future for Bitcoin and digital assets in general.
- The bullish signs for Bitcoin had experts predicting that Bitcoin may hit $100k before Trump takes his Oath of Office on January 20th.
- The demand for crypto is high, but it is a high-risk investment; please be cautious while investing.
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Bitcoinsensus
6d
103
Image Credit: Bitcoinsensus
Detroit to Accept Crypto for Tax Payments, A U.S. First
- Detroit becomes the largest U.S. city to accept crypto for tax payments, aiming to modernize payment options
- Michigan joins the growing trend of cryptocurrency adoption by local governments
- Detroit's initiative reflects a push to address economic challenges through innovative financial solutions
- This move could pave the way for mainstream crypto adoption and further innovation in the local and national economy
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6 Likes
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