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Bitcoin News
Zycrypto
2w
69
Image Credit: Zycrypto
Institutional ‘FOMO Confirmed’, Pundit Asserts As BlackRock’s IBIT Posts Highest Trading Volume In Over Six Months
- The iShares Bitcoin Trust (IBIT) recorded a record $3.36 billion daily trading volume, driven by panic buying of Bitcoin.
- U.S.-based spot BTC ETFs saw total daily net inflows of $870 million on Oct. 29, with BlackRock's Bitcoin ETF leading with $642.87 million in net inflows.
- The total trading volume of all spot BTC ETFs reached $4.75 billion on Tuesday, up from $3 billion on Monday.
- Bitcoin ETFs are poised to overtake Satoshi Nakamoto's estimated 1.1 million BTC stockpile by mid-December.
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Zycrypto
2w
64
Image Credit: Zycrypto
Bitcoin Price Primed For Monumental Surge To $100,000 By January 2025 — Market Researchers Explain Why
- Crypto research firm 10X Research predicts Bitcoin price could hit $100,000 by January 2025.
- The prediction is based on their model that has a track record of 87% accuracy.
- Rapid growth in spot Bitcoin ETFs and increasing institutional interest contribute to the bullish outlook.
- The researchers also forecasted Donald Trump winning the US presidential election as a potential boost for the crypto market.
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Bitcoinist
2w
427
Image Credit: Bitcoinist
$170 Million In Crypto Shorts Flushed As Bitcoin Returns Above $71,000
- The cryptocurrency derivatives market has experienced $223 million in liquidations in the last 24 hours.
- Over $165 million of the liquidations involved short positions.
- Bitcoin and Ethereum contributed the most to the liquidation events, with $85 million and $38 million respectively.
- The market may see more liquidation events as the open interest to market cap ratio remains high.
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25 Likes
Bitcoinsensus
2w
293
Image Credit: Bitcoinsensus
More Robots Than Humans by 2040, Says Elon Musk
- Elon Musk predicts that by 2040 there will be more humanoid robots than humans.
- He received criticism from AI scientist Gary Marcus regarding economic and security concerns.
- Musk's optimistic estimates are based on his involvement in the AI and robotics industry.
- Experts question the feasibility of Musk's predictions, citing challenges in building safe and affordable humanoid robots.
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Coinpedia
2w
38
Image Credit: Coinpedia
XRP Price Unaffected by Ripple’s Cross-Appeal: Could Bitcoin’s $70K Breakout Influence It?
- XRP price has not been significantly affected by Ripple's cross-appeal against the SEC.
- XRP experienced a brief dip below 50 cents after the announcement, but quickly recovered.
- Analysts are watching for potential upward reversals as XRP's price action remains uncertain.
- XRP holders are patiently waiting for positive developments in the ongoing SEC vs. Ripple lawsuit.
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Cryptoslate
2w
91
Image Credit: Cryptoslate
BlackRock’s Bitcoin ETF becomes fastest-growing in history with $30B milestone
- BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed $30 billion in assets under management, making it the fastest-growing ETF in history.
- IBIT reached this milestone in just 293 days, setting a new record surpassing other popular ETFs like JPMorgan Equity Premium Income ETF and major Gold ETFs.
- The fund currently holds over 417,000 Bitcoin, representing about 2% of the total Bitcoin supply.
- The success of BlackRock's ETF reflects the surge in institutional demand for Bitcoin, with other leading funds also experiencing strong inflows.
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5 Likes
TechBullion
2w
415
Image Credit: TechBullion
How Much Does Bitcoin Depend on External Factors?
- The prominence of Bitcoin is influenced by various external factors.
- Media hype and attention drive curiosity and investment in Bitcoin.
- Comparisons with other tokens' performance benefit Bitcoin as the largest cryptocurrency.
- Bitcoin's success is attributed to the organic community of supporters on social media.
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24 Likes
Hackernoon
2w
354
Image Credit: Hackernoon
The HackerNoon Newsletter: We Need More Layer 1s, Please (10/30/2024)
- On October 30, 2024, the HackerNoon Newsletter brings the HackerNoon homepage straight to your inbox.
- Featured Startups of the Week are Cropler, Connectech, and DoubleShift.
- There is one month left to enter the #bitcoin writing contest on HackerNoon and stand a chance to win from $17,500 in prizes.
- Explore articles on topics like startup marketing hacks, pitfalls of building Vertical SaaS, and the future of Layer 1 blockchains.
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21 Likes
Crypto-News-Flash
2w
86
Image Credit: Crypto-News-Flash
Marty Bent: Telling Bitcoin’s Human Side Through Tales from the Crypt
- Marty Bent, the host of Tales from the Crypt podcast, uses his platform to highlight the impact of Bitcoin on people's lives and financial freedom.
- Marty Bent initially gained recognition through his newsletter, Marty’s Bent, wherein he dissected complex Bitcoin concepts for regular subscribers.
- Marty's conversational style connects emotionally with listeners by highlighting the personal stories behind Bitcoin acceptance and its influence on people's lives.
- Through the podcast, Marty is trying to evoke a sense of Bitcoin as a movement as much as a technology.
- Marty Bent's podcast also discusses the meme coins, the erratic subset of cryptocurrency making waves worldwide, and cautions his audience about the potential dangers of pursuing quick riches.
- Marty Bent emphasizes the importance of balancing passion and pragmatism when it comes to Bitcoin and its role in global transformation.
- He sees Bitcoin as a necessary substitute for the centralized, dysfunctional financial system and stresses the importance of personal accountability when dealing with Bitcoin's inherent volatility.
- According to Bent, Bitcoin is a means of recovering personal agency in a society growing under more control, not just a financial instrument.
- Bent's podcast is a well-balanced mix of critical analysis and a sensible mistrust of the trend-driven propaganda prevalent in the crypto space.
- Marty Bent advocates Bitcoin's long-term potential as a tool for world transformation, highlighting its philosophical foundations and role as a defense for liberty and privacy as governments and businesses apply more intrusive financial surveillance.
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Newsbtc
2w
86
Image Credit: Newsbtc
Crypto Analyst Says Bitcoin Price Is Approaching Strongest Part Of The Bull Run, Here’s The Target
- Crypto analyst Tony Severino believes that the Bitcoin price is approaching the strongest part of the bull run.
- Based on his analysis, Tony predicts a market top of $133,000 for Bitcoin in this bull run.
- His analysis is based on the historical relationship between the BTC 2-month RSI and the peak of past bull runs.
- Another analyst, Ali Martinez, suggests buying Bitcoin at the current level, as the MVRV ratio indicates potential for major bull rallies.
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5 Likes
Tokenhell
2w
116
UK AI Plan Proposes Easier Visas and New Zones to Boost Data Centres
- A forthcoming report, the “AI Opportunities Action Plan,” is set to recommend measures to enhance the UK’s appeal as a hub for artificial intelligence (AI) innovation.
- Proposed steps include simplifying the visa process for foreign AI specialists and creating designated “computing zones” to facilitate data centre construction.
- The report emphasizes the need to reduce the cost and complexity of obtaining UK visas for individuals with AI expertise.
- As part of the plan’s implementation, Science and Tech Secretary Peter Kyle is expected to launch an “AI Opportunities Unit” dedicated to advancing the report’s recommendations.
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7 Likes
Medium
2w
345
Image Credit: Medium
HOW WEB3 IS TRANSFORMING ACCESS TO CAPITAL THROUGH AIRDROPS
- Web3 is a decentralized model that provides access to capital and participation to everyone.
- Airdrops in Web3 are incentives given to users for interacting with decentralized applications.
- Web3 platforms operate on a blockchain, making them decentralized, transparent, and community-governed.
- Recent advancements, such as integration with messaging platforms like Telegram, have made Web3 even more accessible.
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20 Likes
Kotaku
2w
306
Image Credit: Kotaku
Ubisoft Releases Its First Crypto Game With One NFT That Currently Costs $63K
- Ubisoft has released its first blockchain game called Champions Tactics: Grimoria Chronicles.
- The game revolves around collecting and battling with NFT figurines.
- The marketplace currently lists the most expensive collectible NFT at over $63,000.
- Players can grow their champions and sell them on a crypto-backed marketplace.
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18 Likes
99Bitcoins
2w
402
2024 Election Day Could Trigger 10% Move in BTC and Bitcoin All-Time High
- BTC is teetering on the edge of chaos, and the possibility of a new Bitcoin All-Time High seems very real.
- Options markets hint at a 10% swing, equivalent to a $7,000 price shift, as the U.S. election drama plays out.
- There is a one in three chance of BTC seeing a swing greater than 10% on election day, according to Nick Forster, the CEO of Derive.xyz.
- The outcome of the election and the policies of either Trump or Harris could have significant implications for Bitcoin's future.
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24 Likes
Coin Telegraph
2w
410
Reward offered after Off The Grid is plagued by cheaters: Web3 Gamer
- Frustrated users claim Off The Grid is becoming unplayable due to cheating.
- Gunzilla Games has upgraded its anti-cheating detection systems and is offering a $500 reward for anyone who reports cheaters.
- Gaming content creator Inspector Mindblow expressed disappointment with the prevalence of cheaters in the game.
- Off The Grid needs to address the cheating issue quickly to ensure its success.
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24 Likes
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