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Bitcoin News
Newsbtc
1w
63
Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge
- Dogecoin (DOGE) has surged 10% in the last 24 hours, defying the broader crypto market downturn.
- Analysts attribute the surge to speculation surrounding the US presidential election and Dogecoin's association with a potential Trump victory.
- Speculation suggests that if Trump wins, Elon Musk's involvement in a potential Trump administration could make Dogecoin one of the 'official' cryptocurrencies.
- Technical analysis and bullish sentiments indicate a potential breakout for Dogecoin, with a target price of $0.47.
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Cryptoticker
1w
97
Image Credit: Cryptoticker
Bitcoin ETFs lose $541 million, biggest drop since May
- U.S. Bitcoin ETFs experienced a record single-day outflow of $541 million, the biggest drop since May.
- The outflow came after a week of significant inflows where ETFs gained $2.22 billion.
- Most Bitcoin ETFs saw net outflows, with Fidelity's FBTC leading the pack.
- The outcome of the U.S. presidential election could impact ETF flows and market outlook for Bitcoin.
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Altcoinbuzz
1w
76
Michigan Pension Fund Invests Millions in Ethereum ETF
- Michigan's pension fund has invested $10 million in Ether ETFs and $7 million in Bitcoin ETFs.
- This decision might surprise some as Bitcoin has been performing well while Ethereum's price has been struggling.
- Experts believe Michigan's pension fund sees the potential of Ethereum beyond just being a currency, especially in the DeFi sector.
- Since the launch of Ethereum ETFs, there has been a net outflow of 171,790 ETH (approximately $542.1 million).
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Bitcoinsensus
1w
118
Image Credit: Bitcoinsensus
Craig Wright’s TerraNode: Bitcoin’s Scalable Future?
- Craig Wright announced TerraNode, a scalable Bitcoin system built to support high transaction volumes and global payments
- TerraNode aims to transform Bitcoin from a speculative asset into a practical, efficient payment network
- The project, currently in early development, may take up to 10 years for full launch, with the goal to empower people in underserved financial areas
- Wright's ambition with TerraNode is to revolutionize Bitcoin's role, turning it into a scalable global payment system capable of supporting unlimited demand
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Crypto-News-Flash
1w
152
Image Credit: Crypto-News-Flash
Bitcoin Long-Term Holders Sell 177K BTC: Market Trends Shift
- Bitcoin long-term holders sold 177,617 BTC, indicating possible trend shifts as market prices rise.
- LTH selling activity may suggest a possible change in Bitcoin trends.
- Bitcoin mining restrictions in eco-friendly regions may lead to higher carbon emissions in mining.
- BTC is currently being traded at $68,877.94, with a recovery of over 1.55% in recent hours.
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Crypto-News-Flash
1w
244
Image Credit: Crypto-News-Flash
World Liberty Limits U.S. Token Sales, Eyes Global Expansion with $30M Cap
- World Liberty has capped U.S. token sales at $30 million and focuses on global markets.
- By leveraging Regulation S for non-U.S. investors and Regulation D for accredited U.S. participants, World Liberty navigates U.S. securities laws.
- The decision to limit U.S. token sales reflects a trend among DeFi projects to avoid complex U.S. regulations.
- World Liberty's approach may influence future fundraising strategies in the DeFi sector.
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Tokenhell
1w
63
What is Solana ETF and How Does it Work? – All You Need to Know
- Solana ETFs are new investment vehicles that track the performance of Solana's native token SOL and are traded as shares on leading stock exchanges.
- Solana ETFs are overseen by tier-1 regulators like the US Securities and Exchange Commission, providing protection for investors.
- Solana ETFs are highly liquid, allowing investors to easily enter and exit the market.
- Investing in Solana ETFs offers benefits such as liquidity, diversification, easy access, and lower fees, but it also comes with risks related to market volatility and custody risks.
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Cryptoslate
1w
92
Image Credit: Cryptoslate
Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments
- Mt. Gox, the defunct crypto exchange, transferred over $2 billion worth of Bitcoin into two newly created wallets.
- The majority of the funds, 30,371 BTC, went to an unknown wallet address labeled "1FG2C".
- Mt. Gox still holds approximately 44,378 BTC, valued at $3.04 billion.
- The transfer has raised speculation about Mt. Gox's schedule for remaining assets and potential impact on the crypto market.
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Crypto-News-Flash
1w
143
Image Credit: Crypto-News-Flash
Multi-Billion Dollar UK Pension Fund Cartwright Dives into Bitcoin with 3% Allocation
- Cartwright, a UK pension fund, has allocated 3% of its portfolio to Bitcoin as a direct investment.
- The move signifies confidence in Bitcoin's potential as a long-term asset and aims to protect against inflation.
- The decision reflects a progressive approach by trustees to adapt to the evolving financial landscape.
- Michigan pension fund also reveals investments in Ethereum ETFs, showing the diversification opportunities in cryptocurrencies.
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99Bitcoins
1w
253
Healthcare Tech Firm Semler Increases Bitcoin Holdings To 1058 BTC With $3 Million Purchase
- Healthcare technology firm Semler Scientific has expanded its Bitcoin portfolio by purchasing an additional 47 BTC for $3 million, bringing its total holdings to 1,058 BTC.
- Semler emphasizes its commitment to Bitcoin and its healthcare business, aiming to maximize stakeholder value through accumulating Bitcoin.
- Semler's shares experienced a 3.4% uptick in after-hours trading, despite closing down 2.3% at $29.97 on the stock market.
- The State of Michigan Retirement System diversifies its cryptocurrency holdings, investing $10 million in Grayscale's Ethereum Trust and holding more Ethereum than Bitcoin.
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Blockonomi
1w
84
Image Credit: Blockonomi
Mt. Gox Transfers 32,371 Bitcoin to New Wallets as Repayment Plan Continues
- Mt. Gox transferred 32,371 BTC (worth $2.2B) to new wallets on November 5, 2024
- Bitcoin price dropped below $68,000 following the transfer
- Repayment deadline extended to October 31, 2025
- Market expects $8,000 price swings amid US election volatility
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Blockonomi
1w
278
Image Credit: Blockonomi
US Bitcoin ETFs See $541M Withdrawal Ahead of Election Day
- US Bitcoin ETFs saw $541.1M outflow on Nov 4, second-largest daily outflow in history
- Only BlackRock’s IBIT showed positive inflow ($38.4M)
- Fidelity fund had largest outflow ($169.6M), followed by ARK 21Shares ($138.3M)
- Outflows coincided with Bitcoin price drop below $70,000
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Altcoinbuzz
1w
409
October Crypto Losses Reached $129 Million
- Crypto losses in October reached $129 million, according to blockchain security firm CertiK.
- The losses were attributed to exit scams, flash loan attacks, and exploits.
- The major incidents include the Radiant Capital hack, phishing attack on a whale, and the M2 exchange hack.
- Total crypto losses in October decreased by 37% compared to May 2024.
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Blockonomi
1w
333
Image Credit: Blockonomi
German Companies Launch Renewable Energy Bitcoin Mining Pilot
- Deutsche Telekom subsidiary and Bankhaus Metzler launch Bitcoin mining pilot project
- Project uses surplus renewable energy from photovoltaic power at RIVA Engineering
- Mining infrastructure hosted by Metis Solutions GmbH in Backnang, Germany
- Trial named “Digital Monetary Photosynthesis” aims to test grid stabilization
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Blockonomi
1w
92
Image Credit: Blockonomi
Michigan State Pension Fund Allocates $10M to Ethereum Trust Holdings
- The State of Michigan Retirement System has invested $10 million in Grayscale’s Ethereum Trust (ETHE), making it the first U.S. state pension fund to venture into Ethereum ETFs.
- The fund also acquired $1.1 million in shares from Grayscale’s Ethereum Mini Trust.
- This investment marks a major shift in the fund's digital asset strategy, as its Ethereum holdings now exceed its Bitcoin position.
- ETHE faces competition from lower-fee Ethereum ETFs offered by BlackRock and Fidelity.
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