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Bitcoin News
Nigeriabitcoincummunity
1w
136
Telegram Stars: Where to Buy at the Lowest Price
- Telegram Stars are becoming a must-have for gamers aiming to make the most of their tap-to-earn adventure.
- You can buy Telegram Stars with fiat currency (Naira) directly within the Telegram app or through the PremiumBot.
- PremiumBot offers over a 16% discount compared to buying Stars directly from Telegram.
- The cheapest way to buy Telegram Stars is with TON cryptocurrency through the Fragment DApp.
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Cryptoticker
1w
302
Image Credit: Cryptoticker
Bitcoin Price Drops Below $70K: What’s Next?
- Bitcoin price drops below $70,000, currently trading around $68,300.
- The price dip was expected after a rapid climb without strong fundamental support.
- Uncertainty surrounding U.S. elections is impacting the entire crypto market.
- Analysts predict stabilization around $70,000 or a potential decline towards $66,000 support.
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18 Likes
Bitcoinist
1w
51
Image Credit: Bitcoinist
Like Nashville Bitcoin Conference, US Elections Will Be A ‘Sell-The-News’ Event: QCP
- QCP Capital expects the US elections to be a 'sell-the-news' event for Bitcoin.
- Short-term implied volatility is high, indicating anticipated price swings following the elections.
- Traders are taking downside protection and expecting a market correction after the elections.
- Binance futures traders are now mostly going long on Bitcoin, signaling a shift towards a more bullish outlook.
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3 Likes
Tokenhell
1w
396
NFT Sales Increase by 18% as Trading Volume on Solana Peaks at $5.93 Billion
- NFT trading volume experienced an 18% increase in October after a seven-month downtrend.
- NFT monthly volume reached $356 million, marking a significant recovery.
- DMarket had the highest trading volume of $33.67 million, followed by Guild of Guardians Heroes and Bitcoin Puppet.
- Solana's NFT ecosystem achieved a new milestone with a trading volume of $5.93 billion, making it the second-largest NFT market after Ethereum.
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Bitcoinsensus
1w
383
Image Credit: Bitcoinsensus
Understanding Bitcoin Mining and Its Role in the Ecosystem
- Bitcoin mining involves verifying and adding Bitcoin transactions to the blockchain through solving complex cryptographic puzzles.
- This process is critical for maintaining the integrity and security of the entire Bitcoin ecosystem, preventing double-spending and ensuring that the same Bitcoin isn't spent twice.
- Miners use specialized hardware and computational power to repeatedly hash data and add new blocks to the blockchain, earning Bitcoin rewards in the process.
- Bitcoin mining is also essential for providing the decentralization that defines cryptocurrencies, maintaining transparency and an immutable ledger.
- Mining hardware involves ASICs and GPUs, with ASICs being the most common and efficient option. Home miners can join mining pools to increase their chances of earning rewards.
- Bitcoin mining difficulty adjusts every two weeks to maintain a consistent block creation time, and rewards decrease over time through halving events.
- Energy consumption in Bitcoin mining is a growing concern, with many calling for the use of renewable energy sources to reduce the environmental impact.
- The economic impact of Bitcoin mining extends beyond just the cryptocurrency market, affecting local economies and investment levels.
- Legal aspects of Bitcoin mining vary across different countries and regions, highlighting the importance of compliance with local regulations.
- As the industry evolves, technological advancements and sustainable practices will be key to addressing the challenges of Bitcoin mining and shaping its future landscape.
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23 Likes
Coinpedia
1w
145
Image Credit: Coinpedia
Warren Buffett’s Berkshire Hathaway Sells $100B in Apple Stock, Will He Consider Bitcoin?
- Warren Buffett's Berkshire Hathaway has sold $100 billion in Apple stock, increasing its cash balance to a record $325.2 billion.
- Berkshire Hathaway did not repurchase any company shares during the period and has been de-risking its balance sheet.
- Buffett remains critical of Bitcoin, but institutional adoption of Bitcoin ETFs has been growing rapidly.
- There is speculation whether Buffett will change his stance towards Bitcoin following its impressive performance.
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8 Likes
Crypto-News-Flash
1w
93
Image Credit: Crypto-News-Flash
U.S. Elections Drive High BTC Volatility Expectations
- BTC approaches an all-time high amid election week anticipation, while ETH remains subdued, failing to break $2.7k levels.
- BTC futures and options open interest surged, with implied volatility indicating a significant risk premium ahead of the U.S. elections.
- Market reactions highlight cautious sentiment ahead of Election Week, with mixed economic data causing the U.S. Dollar Index to recover.
- Bitcoin outshines Ethereum as institutional inflows boost the crypto market, with significant ETF inflows for BTC and high open interest in BTC futures and options.
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Bitcoinsensus
1w
319
Image Credit: Bitcoinsensus
Is The Crypto Market Heading to Its Most Decisive Week in 2024?
- The upcoming U.S. presidential election in 2024 is expected to have a significant impact on the crypto market.
- Crypto voters show a preference for Donald Trump, though Kamala Harris also adopts a crypto-friendly approach.
- Market volatility is expected as investors anticipate regulatory shifts based on the election outcome.
- The Federal Reserve's interest rate decision following the election adds to the uncertainty for crypto investors.
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19 Likes
Bitcoinik
1w
422
Image Credit: Bitcoinik
BitMEX Co-Founder Praises Solana ($SOL) as “High Beta Bitcoin” Ahead of the US Election
- Arthur Hayes, co-founder of BitMEX, praises Solana ($SOL) as a "high beta Bitcoin" ahead of the US election.
- Hayes believes Solana offers greater potential for dynamic growth compared to Bitcoin, which has relatively low volatility.
- He suggests that Solana, with its responsiveness and ability to capture market fluctuations, is a better choice for potential gains in the current environment.
- Hayes also mentions Ethereum's limitations when compared to Solana in terms of agility and responsiveness.
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25 Likes
Crypto-News-Flash
1w
17
Image Credit: Crypto-News-Flash
Bitcoin Original Purpose vs. Its Current Reality
- Bitcoin has shifted from its original vision as a currency to being primarily seen as a high-value investment asset.
- Bitcoin's adoption as everyday currency remains limited due to price volatility, high transaction fees, and regulatory concerns.
- Despite deviating from its intended usage, Bitcoin continues to draw investors and financial institutions.
- Growing institutional interest and ETF approvals contribute to positive market sentiment, while everyday adoption lags behind.
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1 Like
Newsbtc
1w
311
Image Credit: Newsbtc
Trump’s Crypto Token Offering: $300 Million Goal With Minimal US Participation – Details
- World Liberty Financial, a decentralized finance (DeFi) initiative endorsed by former President Donald Trump, is primarily targeting international investors in its $300 million crypto token offering.
- Less than 350 US investors have shown interest in the project, raising concerns about its appeal within the US amid increased regulatory scrutiny from the SEC.
- World Liberty plans to sell only $30 million worth of tokens within the United States. Once this threshold is reached, the US offering will be halted, despite having approximately $288.5 million worth of tokens available for sale.
- The company is leveraging Regulation S to sell tokens to non-US investors without complying with the strict requirements imposed by US securities laws.
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18 Likes
Bitcoinist
1w
354
Image Credit: Bitcoinist
Satoshi Or Not, Trouble Awaits: Self-Proclaimed Bitcoin Creator Faces Court Contempt
- A UK court has filed contempt of court charges against Craig Wright, the self-proclaimed Bitcoin creator.
- Wright's complaint of £911 million against Block's Square Up Europe Limited was the basis for the charge.
- Wright violated the court injunction by suing BTC developers after being discredited as Satoshi Nakamoto.
- Multiple individuals have claimed to be Satoshi Nakamoto, but the court has rejected Wright's arguments.
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21 Likes
Changelly
1w
273
Image Credit: Changelly
Is Bitcoin Mining Legal? Things You Should Know about Bitcoin Mining
- Bitcoin mining is legal in most parts of the world, but regulations surrounding it are nuanced and evolving.
- Bitcoin mining requires miners to compete with each other to find the next block in a long chain of bitcoins, and when they do, they are rewarded with newly generated coins.
- Crypto miners need to be aware of laws regarding the use of electricity and data systems to stay compliant with local regulations.
- The legality of cryptocurrency mining in India remains somewhat ambiguous, while regulation varies significantly by province in Canada and is legal in Australia and New Zealand.
- The future of cryptocurrency mining may require more renewable energy solutions with fewer emissions if it is to be sustainable over time.
- The profitability of Bitcoin mining depends on a few key factors, most notably the cost of electricity, the type of Bitcoin mining hardware, and current mining difficulty levels.
- Risks associated with Bitcoin mining include high costs for electricity and hardware, regulatory uncertainty in many countries, and the inherent risks and costs of mining.
- Bitcoin miners receive incentives that are paid in BTC, including a reward of 3.125 BTC per block.
- The blockchain is what pays for Bitcoin mining and pays the miners rewards from Bitcoin users.
- Bitcoin mining is not free money but can be profitable with significant costs and risks.
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16 Likes
Bitcoinist
1w
277
Image Credit: Bitcoinist
Bitcoin At Risk Of Deeper Correction – Could A $65,000 Retest Be Imminent?
- Bitcoin is undergoing a significant correction, raising concerns among investors.
- BTC is attempting to break below the critical 100-day SMA, which could accelerate the decline.
- The signal line on the Composite Trend Oscillator is crossing below the SMA line, indicating increasing downward pressure.
- A retest of the $65,000 support level has important implications for Bitcoin investors.
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16 Likes
Bitcoinist
1w
153
Image Credit: Bitcoinist
Are Crypto Banks In Danger? FDIC ‘Pause Letters’ Spark Fears Of Operation Chokepoint 2.0
- The US Federal Deposit Insurance Corporation (FDIC) has been accused of sending letters to financial institutions, asking them to stay away from cryptocurrency-related investments.
- Coinbase, a cryptocurrency exchange, claims to have found proof of FDIC's anti-crypto campaign, with over 20 examples of such tactics.
- FDIC's letters urged financial institutions to 'pause', 'refrain from providing', or 'not proceed' with banking services for digital assets.
- The ongoing battle between Coinbase and FDIC highlights the debate over government regulations and the cryptocurrency industry.
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