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Bitcoin News
Bitcoinsensus
1w
102
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South Korea Ready to Approve Bitcoin ETFs Alongside USA And Japan?
- South Korea is preparing to approve Bitcoin ETFs alongside the USA and Japan.
- The Financial Services Commission (FSC) will meet on November 6 to discuss the regulation of spot crypto ETFs.
- The FSC is forming a "civilian" committee of independent experts to develop the regulation, excluding industry leaders from the Digital Asset Exchange Association (DAXA) to avoid conflicts of interest.
- The committee will also discuss the adoption and regulation of stablecoins, which are gaining importance in South Korea.
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Coinpedia
1w
183
Image Credit: Coinpedia
Mt. Gox Shifts $2.2B in Bitcoin : Potential for BTC Price to Dip Below $60K
- Mt. Gox has transferred $2.2 billion in Bitcoin, moving 32,371 BTC to an unmarked wallet, signaling potential repayments.
- Bitcoin Price Today is trading around $65,000, with market volatility expected as the impact of Mt. Gox's large BTC transfer unfolds.
- Mt. Gox repayments are being finalized ahead of the October 31, 2025 deadline, with over $6 billion already repaid to creditors since June.
- The movement in Mt. Gox's Bitcoin holdings is expected to have a bearish impact on the price, causing volatility in the market.
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Newsbtc
1w
194
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Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?
- Bitcoin's long-term holders have been offloading significant amounts of BTC in the past week.
- This selling activity has contributed to the recent correction in Bitcoin's price, dropping below $70,000.
- Long-term holders tend to reduce their holdings during price increases, which is seen as a contrarian indicator in the crypto market.
- Despite the correction, technical analysis suggests that Bitcoin has maintained resilience and could reach new all-time highs in the long term.
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Cryptonews
1w
359
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UK Pension Fund Cartwright Makes 3% Bitcoin Allocation
- UK pension specialist, Cartwright, allocates 2 to 3% of assets to Bitcoin.
- Michigan state pension fund becomes first in the US to invest in Ethereum ETFs.
- Cartwright plans to launch Bitcoin-based pension products and workplace savings proposition.
- SEC filing reveals Michigan state fund holds shares in Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.
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Cryptonews
1w
419
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Glassnode Exposes $224 Billion Solana Surge; VanEck Cites 14% Revenue from Wash Trading
- Glassnode reported a surge in Solana's on-chain transfer volume at around $224 billion.
- Solana's average transaction fee has more than doubled in the past month, attributed to increased speculative trading activity and automated trading bots.
- VanEck's analysis reveals that approximately 14.2% of Solana's revenue is linked to wash trading, raising concerns about the authenticity of its reported growth metrics and potential volatility.
- VanEck has included expanded risk disclosures in its Solana exchange-traded product offering to ensure transparency for investors.
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Bitcoinist
1w
272
Image Credit: Bitcoinist
Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?
- Crypto investment products have seen a surge in inflows, reaching an annual record of $29.2 billion.
- Bitcoin remains the preferred choice among investors, with $2.16 billion in weekly net inflows.
- US-based funds contributed the most to the recent inflows, while other regions observed slight outflows.
- The market sentiment and political climate in the US significantly influenced the inflows, but uncertainties remain.
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Cryptonews
1w
376
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Analysts Say Altcoins in ‘Apathy’ as Bitcoin Ready to Take Off Post-Election
- Bitcoin's recent move toward a new all-time high has led to a decline in altcoin prices and an increase in Bitcoin dominance.
- Investors are showing more interest in Bitcoin than altcoins, with many expecting a bull market after the US election.
- Bitcoin's volatility has remained subdued before the election, suggesting investors are waiting for the dust to settle.
- Financial institution Bernstein predicts Bitcoin could reach $200k by the end of 2025.
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Bitcoinsensus
1w
258
Solana Hits Record High in Monthly Active Addresses Despite Tokens Decline
- Solana saw a record high in monthly active addresses in October, with over 123 million on the network.
- User activity surged due to the popularity of new memecoins, despite most SOL-based tokens being bearish this week.
- The $SOL token trades at $156.76, down 4% in 24 hours but up 10.17% in the month, with a 270% increase over the past year.
- Despite the positive numbers from the network, the majority of SOL-based tokens are bearish this week.
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Bitcoinist
1w
161
Image Credit: Bitcoinist
Largest European Telecom Begins Bitcoin Mining Using Excess Energy
- Deutsche Telekom, Europe’s largest telecommunications provider, has partnered with Bankhaus Metzler to operate Bitcoin mining infrastructure using surplus renewable energy.
- The pilot project aims to convert excess electricity into digital assets through Bitcoin mining, helping to address irregularities caused by the integration of renewable energy sources into the grid.
- The initiative seeks to validate the process of regulating power through Bitcoin mining in Germany, with the goal of balancing supply and demand in the energy grid.
- Deutsche Telekom MMS and Bankhaus Metzler will collaborate to gather field data and insights for future projects in stabilizing the energy grid and supporting renewable energy producers.
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Bitcoinsensus
1w
250
Image Credit: Bitcoinsensus
Here is How Bitcoin Performed After the Last U.S. Elections
- Bitcoin has seen growth periods following U.S. Presidential elections.
- BTC saw a 1,200% increase in 2016 and a 192% rise in 2020.
- Increased availability and regulatory changes introduce new variables affecting BTC’s performance.
- There are no clear guarantees for BTC's performance in the 2024 election.
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Cryptoslate
1w
0
Image Credit: Cryptoslate
Bitcoin miners Marathon and Riot achieve record post-halving production
- Two of the largest public Bitcoin miners, Marathon Digital and Riot Platforms, recorded their highest monthly Bitcoin production since the April halving event.
- Marathon Digital achieved a 2% boost in Bitcoin production to 717 BTC in October, despite network difficulty challenges.
- Marathon's Chairman and CEO credited higher transaction fees and proprietary mining technology for the production increase.
- Riot Platforms reported a 23% increase in Bitcoin production in October, reaching 505 BTC, driven by improved hashrate deployment and operational efficiency.
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Bitcoinsensus
1w
377
Image Credit: Bitcoinsensus
Dogecoin Bucks Market Trend, Rides Bullish Wave in Election Week
- Dogecoin is the only profitable top-10 crypto on November 4th, riding a major weekly bullish trend.
- The asset saw a 6.74% increase in the past 24 hours, rebounding above $0.15 after a recent dip.
- A reverse head and shoulders pattern indicates a potential bullish reversal, showing resilience amid market uncertainty.
- DOGE holders have a stake in the US Presidential election, with the support of Elon Musk linking its success to Donald Trump.
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Bitcoinist
1w
173
Image Credit: Bitcoinist
Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
- Australian entrepreneur Craig Wright aims to transform Bitcoin into a global payment system, promoting economic inclusivity.
- Wright plans to utilize TerraNode to scale up Bitcoin and enable it for daily transactions.
- The first phase of TerraNode's development is underway, aiming to create an infrastructure that can handle unlimited demand.
- Wright believes that TerraNode will create a financial ecosystem accessible to anyone, connecting individuals to the global market.
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Bitcoinsensus
1w
13
Image Credit: Bitcoinsensus
Exchanges Under Fire: Binance and Coinbase Accused of Hidden Listing Fees
- Accusations have been made against Binance and Coinbase for charging hidden fees for token listings, despite their claims of a 0-fee policy.
- Moonrock Capital's CEO and other industry figures allege exorbitant listing fees, raising questions about the exchanges' transparency.
- Binance's co-founder Yi He defended the exchange, emphasizing transparency and dismissing the accusations as FUD (Fear, Uncertainty, and Doubt).
- Coinbase CEO Brian Armstrong denied charging fees, but was accused by others of charging hundreds of millions of dollars for token listings.
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Newsbtc
1w
330
Image Credit: Newsbtc
New High For TRON, But Bearish Signals Cast Shadows On The Rally
- TRON (TRX) has reached a new high but is showing bearish signals with a double-top technical formation.
- Increased selling volume is raising concerns about market pressure and potential trend reversal.
- TRX investors have been holding coins for a shorter period of time, indicating a lack of faith in its future value.
- Despite short-term concerns, TRON has the potential for long-term growth, with experts projecting a 141% growth in six months.
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