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Bitcoin News
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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9 Likes
Altcoinbuzz
7d
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
7d
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
Altcoinbuzz
7d
107
Cardano Jumps 10% as Whales Awaken
- Cardano (ADA) has jumped 10% as whales, or investors holding large amounts of ADA, increase their activity.
- Whale transactions involving Cardano have increased by almost 32% in the past 24 hours, signaling big investors' interest in ADA.
- ADA's recent price boost has propelled it back into the top 10 cryptocurrencies by market value.
- Cardano's ecosystem growth, upcoming Chang hard fork, and connection to Bitcoin's network are contributing factors to its positive momentum.
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6 Likes
NullTX
7d
150
Image Credit: NullTX
Bitcoin’s New High Sparks Optimism As Market Indicators Suggest Room For Growth
- Bitcoin recently reached a new all-time high, but key indicators suggest the rally might still have room to grow.
- The MVRV (Market Value to Realized Value) ratio indicates that Bitcoin isn't overvalued and remains close to the cost basis for traders, implying the market isn't overheated.
- A significant increase in short-term Bitcoin holders suggests potential for further growth.
- Binance's open interest has reached record levels, driven by Bitcoin's surge and increased capital in derivatives. Investor confidence has spiked after the U.S. election, setting the stage for sustained bullish sentiment or increased volatility.
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8 Likes
Altcoinbuzz
7d
232
Poland Warns Public About Crypto.com’s Operations
- Poland's Financial Supervision Authority (KNF) has issued a public warning about Crypto.com's affiliated company Foris DAX MT based in Malta.
- Foris DAX MT has not yet received a license as a financial service provider in Poland.
- Crypto.com CEO Kris confirmed awareness of the situation and stated they are working with counsel to address any concerns from regulators.
- Crypto.com's regulatory concerns are not limited to Poland, as the exchange's co-founder has recently filed a lawsuit against the U.S. SEC.
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13 Likes
Altcoinbuzz
7d
107
Coinbase CEO: Election Result Is a Win for Crypto
- Coinbase CEO Brian Armstrong believes that the recent US presidential election result is a win for the crypto industry.
- Bitcoin surged to $75,000 after Donald Trump's victory, reflecting anticipation of favorable policies.
- Armstrong sees the election as a massive win, signaling a more open regulatory environment for digital assets.
- Over 250 pro-crypto candidates won seats in the House, making it the most crypto-focused Congress ever.
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6 Likes
Altcoinbuzz
7d
165
What Are AI Agents in Crypto?
- AI agents in crypto can perform tasks without human supervision or intervention, adapting their answers based on feedback received.
- These agents interact with blockchain protocols and can perform tasks such as trading, token swapping, portfolio management, market analysis, and engaging with DeFi platforms.
- AI agents optimize strategies, reduce risk exposure, automate financial management, and execute large numbers of transactions efficiently.
- However, risks such as algorithmic bias, pump-and-dump schemes, security vulnerabilities, and regulatory issues exist with these agents.
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9 Likes
Bitcoinsensus
7d
128
Image Credit: Bitcoinsensus
The Fed Lowers Rates by 25 Basis Points
- The Fed lowered rates by 25 basis points.
- Trump’s economic plan could increase volatility in the bond market.
- This may limit the Fed’s ability to make significant further rate cuts.
- The U.S. bond market is now valued at $28 trillion.
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7 Likes
Bitcoinist
7d
45
Image Credit: Bitcoinist
Institutions Driving Bitcoin As Coinbase Premium Gap Hits $100 – Trump Win Brought Back US Demand
- Bitcoin has surged to new all-time highs, reaching $76,500, following Donald Trump’s victory in the US elections.
- The Coinbase Premium Index turned positive for the first time since October 18th, signaling a shift in market dynamics and increased buying interest in the US market.
- The surge in demand suggests Bitcoin’s bullish momentum may only be beginning, with expectations of continued upward pressure.
- The next few weeks will be pivotal as market participants await further developments, including the Federal Reserve’s decision on interest rates, which could impact Bitcoin’s next moves.
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2 Likes
Cryptonews
7d
178
Image Credit: Cryptonews
Breaking: US Spot Bitcoin ETFs See Record-Shattering US$1.37 Billion in Daily Inflows
- US Spot Bitcoin ETFs achieve record-breaking inflows following Trump’s re-election, driving Bitcoin to all-time highs.
- BlackRock’s IBIT fund alone received US$1.12 billion, significantly boosting its share of the total Bitcoin supply.
- IBIT now controls over 2% of all Bitcoin, with the ETFs combined holding nearly 5%.
- Ethereum ETFs also see increased activity, with high hopes for a possible approval of Solana ETFs amid regulatory speculations.
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10 Likes
Crypto-News-Flash
7d
298
Image Credit: Crypto-News-Flash
Trump Presidency: A New Era for Bitcoin and Cryptocurrency?
- The Trump presidency may advance the Bitcoin Act, positioning Bitcoin as a U.S. strategic reserve asset.
- A crypto-friendly stance under Trump could boost Bitcoin’s institutional adoption and public acceptance.
- The Bitcoin Act proposal aims to establish Bitcoin as a U.S. reserve asset, potentially leading to increased institutional interest.
- Trump's potential SEC reform plans could create a more favorable regulatory environment for cryptocurrencies.
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17 Likes
Bitcoinist
7d
157
Image Credit: Bitcoinist
Is Crypto’s Future in the US Solidified? Coinbase CEO Weighs In on Election Impact
- Coinbase CEO Brian Armstrong expresses optimism about the future of cryptocurrency in the US in the wake of the recent elections.
- Armstrong highlights the election of figures friendly to the digital currency industry as a sign of change.
- He believes that the next Congress will be the most pro-crypto Congress ever.
- However, the re-election of Senator Elizabeth Warren, a prominent digital currency critic, serves as a reminder that opposition to digital assets remains within Washington.
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9 Likes
Bitcoinsensus
7d
298
Image Credit: Bitcoinsensus
BlackRock Bought 14,546 BTC Worth $1.105 Billion Yesterday
- BlackRock continues systematic buying and bought 14,546 BTC worth $1.105 Billion yesterday
- BlackRock broke the previous record for inflows of $872M and set a new one of $1.12B
- BlackRock has a net worth of $34.2 billion dollars and continues to show records in inflows and systematic buying
- BlackRock's strategy and dominance in the crypto market are subject to debate and scrutiny
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17 Likes
TheNewsCrypto
7d
410
Image Credit: TheNewsCrypto
Will Bitcoin’s Post-Election Rally Push It to $100K Target?
- Bitcoin hits new all-time high of $76,943, indicating strong bullish momentum.
- U.S. Senator Cynthia Lummis's plan to create a 'strategic Bitcoin reserve' adds to positive sentiment.
- Technical indicators and analyst predictions hint at Bitcoin reaching $100K by end of 2024.
- TheNewsCrypto's Bitcoin price prediction supports a potential $100K target before the end of 2024.
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