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Bitcoin News
Altcoinbuzz
2w
425
Paxos Launches USDG: A New Stablecoin Backed by DBS Bank
- Paxos has launched USDG, a new stablecoin backed by DBS Bank.
- USDG is designed to be as stable as the U.S. dollar, backed by real U.S. dollars.
- Paxos partnered with DBS Bank to manage the U.S. dollar reserves for USDG, ensuring its safety and reliability.
- USDG provides a stable option for users in Singapore, allowing smoother and more efficient financial activities.
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25 Likes
Bitcoinist
2w
137
Image Credit: Bitcoinist
Ethereum Next Big Move Incoming? Expert Points To 75% Price Surge Ahead
- Market expert predicts a 75% price surge for Ethereum in the short term.
- Key technical indicators and patterns indicate Ethereum is gathering strength for an upcoming upswing.
- Bitcoin's performance may determine Ethereum's next move, with potential for ETH to reach $4,811.
- Another expert suggests a scenario where Ethereum could reach a new all-time high of $6,000.
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8 Likes
Crypto-News-Flash
2w
197
Image Credit: Crypto-News-Flash
Bitcoin Monthly Chart: Signals Show Mixed Trends and Market Uncertainty
- Bitcoin's monthly chart displays a confusing picture of potential market uncertainty as it shows mixed signals.
- Recent monthly performance of Bitcoin carries conflicting signals that highlight uncertain market momentum.
- Despite the recent increase, trade volume is shockingly low, indicating possible weakness, and the monthly RSI has dropped.
- The weekly MACD shows a strong positive cross, adding to the complexity and clouding the view.
- The interaction of Bitcoin with altcoins can serve as a gauge for further developments.
- Currently, altcoins' lack of general growth is another warning indicating that Bitcoin's expansion may be isolated and unsustainable.
- The market is currently showing tendencies whereby Bitcoin is reaching new all-time highs while other big altcoins trade at lower levels, implying limited investor participation.
- The lack of participation from a larger player base might restrict the surge of the currency pointing to a probable decline before Bitcoin achieves a new significant peak.
- Bitcoin can experience negative corrections that can reach depths liquidating a sizable amount of leveraged holdings - much as it has the capacity to exceed optimistic targets during a rally.
- As of writing, BTC is trading at about $69,308.19, down 4.34% over the last 24 hours.
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11 Likes
99Bitcoins
2w
416
Bitcoin Milestone: BlackRock and IBIT Took in More Cash than Any Other ETF in the World
- Bitcoin broke above $72,000 and approached all-time highs.
- Spot Bitcoin ETFs by BlackRock and IBIT received significant cash inflows.
- BlackRock's iShares Bitcoin Trust (IBIT) garnered the most money of all ETFs worldwide.
- All spot Bitcoin ETFs in the United States added $2.2 billion worth of BTC, pushing assets under management to over $70 billion.
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25 Likes
Blockonomi
2w
399
Image Credit: Blockonomi
Bitcoin Falls $3,000 as Market Sees $300M in Liquidations
- Bitcoin dropped over $3,000 in minutes, falling from $72,000 to under $69,000
- Nearly $300 million in trading positions were liquidated
- Over 90,000 traders were affected by the price movement
- The total crypto market cap decreased by $100 billion
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24 Likes
Altcoinbuzz
2w
27
Immutable Faces SEC Notice, Vows to Defend Gamer Rights
- Blockchain gaming firm Immutable has received a Wells notice from the SEC, alleging securities law violations and false statements.
- The SEC claims that Immutable's $IMX tokens are securities.
- Despite the SEC's notice, Immutable remains focused on its mission of allowing gamers to own in-game items through blockchain technology.
- The company believes in the power of blockchain to create a fairer gaming world.
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1 Like
Medium
2w
300
Image Credit: Medium
"Unlocking the Power of Passive Income: How XB Token Holders Benefit Over Time"
- Passive income in the crypto space can be earned through mechanisms like staking, yield farming, or rewards programs.
- XB token offers a user-friendly passive income model where investors earn rewards by simply holding the token.
- Compared to traditional passive income sources, XB token provides higher potential returns and offers transparency in rewards generation.
- Investors can enjoy steady accumulation of wealth by holding onto their XB tokens, making it suitable for both new and experienced crypto enthusiasts.
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18 Likes
Altcoinbuzz
2w
421
1inch dApp Security Issue Resolved: What Users Need to Know
- Between 9:12 PM and 11:22 PM CET on October 30th, 2024, some 1inch dApp users could have received a dangerous request.
- A glitch in the 'Lottie Player' tool allowed attackers to send a fake signature request, giving them control over users' funds.
- The 1inch Wallet, API, and protocols were not compromised; only the web dApp was affected.
- The issue has been resolved, and users are advised to double-check unexpected requests and use trusted apps.
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25 Likes
Newsbtc
2w
55
Image Credit: Newsbtc
Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?
- Ethereum futures market is generating optimism among traders and analysts due to a rise in funding rates.
- Positive funding rates indicate bullish sentiment, but they have not reached the levels seen in early 2023.
- Higher funding rates are needed to overcome resistance levels and sustain an upward trajectory for Ethereum.
- Ethereum has seen a recovery in price but experienced a recent correction, with analysts still remaining bullish on the asset.
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3 Likes
TheNewsCrypto
2w
356
Image Credit: TheNewsCrypto
Will Bitcoin (BTC) Present a Prime Buying Opportunity This November?
- Bitcoin price declines by 4% to $69,376, sparking the possibility of a downside rally.
- Bitcoin's October phase ends with a 13% gain, prompting analysts to predict upward momentum in November.
- BTC enters a period of anticipation with potential price movements, while the crypto market cap declines by over 3.70%.
- Bitcoin's current technical indicators suggest a brief bearish outlook, but the upside and downside corrections remain probable.
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21 Likes
Bitcoinist
2w
55
Image Credit: Bitcoinist
Florida Holds $800 Million In Crypto-Related Investments, Says CFO Patronis
- Florida's Chief Financial Officer, Jimmy Patronis, revealed that the state holds over $800 million in crypto-related investments.
- Patronis believes that Florida has the potential to become the "crypto capital of the world."
- He proposes using Bitcoin as an investment to manage state debt and considers integrating it into Florida's portfolio to diversify investments.
- Patronis hopes for a favorable shift in policies under a potential Trump presidency and highlights other states that have embraced cryptocurrency.
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3 Likes
Tokenhell
2w
204
Gold and Bitcoin Both Win if Donald Trump Defeats Kamala Harris, Says JP Morgan
- JP Morgan analysts suggest that both Bitcoin and Gold could rally if Donald Trump wins the election on November 5th.
- A 'debasement trade' could occur, leading to increased demand for Bitcoin and Gold as investors hedge against government deficits and weakening currencies.
- Trump's proposed policies to raise tariffs may cause more inflation, prompting investors to consider alternative investments like cryptocurrencies.
- Despite his previous skepticism, Trump's recent involvement in the crypto sector and promises of a conducive mining environment have attracted attention from institutional investors.
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12 Likes
TheNewsCrypto
2w
197
Image Credit: TheNewsCrypto
Crypto Firms Hit with $400M SEC Enforcement Bill Under Gensler
- Crypto firms spent $400 million on SEC enforcement actions since April 2021.
- Two-thirds of voters want clearer SEC guidelines for crypto regulation.
- The SEC under Chair Gary Gensler has actively pursued cases against crypto firms.
- Public concern over the SEC's approach and its impact on innovation and investment.
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11 Likes
Crypto-News-Flash
2w
128
Image Credit: Crypto-News-Flash
Bitcoin ETFs Reach 1 Million BTC, Could Exceed Satoshi’s Holdings in Two Weeks
- Bitcoin ETFs have collectively acquired 1 million BTC, reaching this milestone sooner than expected.
- BlackRock's significant purchase of over 12,000 BTC has contributed to the rapid growth of Bitcoin ETF holdings.
- The surge in ETF purchases raises concerns about centralization and restricted access for individual investors.
- The growing institutional adoption of Bitcoin is reshaping its landscape and raising questions about its founding principles.
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7 Likes
TheNewsCrypto
2w
73
Image Credit: TheNewsCrypto
Bitcoin Dips Over 5% Amid Fresh Mt. Gox Wallet Activity
- Bitcoin (BTC) dropped over 5% in the past 24 hours, following fresh movements associated with the defunct Mt. Gox exchange.
- Around 500 BTC, valued at $35 million, was transferred from Mt. Gox-linked wallets to unknown addresses.
- Speculation arises that Mt. Gox may be preparing for the repayment of Bitcoin to its creditors.
- Mt. Gox, once a major Bitcoin exchange, went bankrupt in 2014 after significant security breaches.
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4 Likes
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