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Bitcoin News
TronWeekly
2w
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Bitcoin Flirts $72K as Bhutan Moves 929 BTC to Binance
- The Royal Government of Bhutan has transferred a large amount of Bitcoin to Binance.
- Bhutan sent 929 BTC, worth about $66.16 million, to the global exchange.
- This boosts Bhutan's Bitcoin reserves, now totaling 12,456 BTC, valued at $887.46 million.
- The move has sparked speculation about whether the government plans to sell part of its BTC holdings.
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Bitcoinsensus
2w
60
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Tether Treasury Adds $1 Billion USDT
- Tether Treasury has minted an additional $1 billion USDT on the Tron blockchain.
- Increasing USDT issuance aligns with rising demand for stablecoins, especially in economically unstable countries and for international trade.
- Despite regulatory scrutiny, Tether remains financially strong with significant profits and growing reserves.
- Tether's minting activity and market dominance are likely to continue despite ongoing regulatory concerns.
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Bitcoinsensus
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316
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Bhutan’s Crypto Mining Strategy Yields $66 Million Bitcoin Transfer to Binance
- Bhutan transfers over $66 million in BTC to Binance, following a significant transaction to Kraken in July.
- The country’s Bitcoin mining initiative started in 2019, has significantly boosted government revenue.
- Bhutan uses its hydroelectric infrastructure to sustainably mine BTC, increasing revenue in one of Asia’s poorest regions.
- Bhutan still holds over $897 million in cryptocurrency assets, with the vast majority of these tokens being Bitcoin and Ethereum.
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Pymnts
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316
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Binance Debuts Crypto Service for Wealth Managers
- Binance has launched Binance Wealth, a crypto service for wealth managers.
- Wealth managers can oversee client onboarding and make investment recommendations.
- The service aims to reduce entry barriers for wealth managers and their high-net-worth clients.
- Binance Wealth offers access to various cryptocurrencies beyond bitcoin and ethereum.
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Newsbtc
2w
51
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Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B
- Bitcoin surged above $71,000, nearing its all-time high, causing optimism among analysts.
- Open Interest in Bitcoin reaches $22.6 billion, with half of the positions held by bears.
- The high risk of short liquidations may accelerate buying pressure if BTC continues to climb.
- Traders closely monitor Bitcoin's price levels as a breakout could signal new highs for the cryptocurrency.
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Medium
2w
4
Image Credit: Medium
8 Security by Design: How Confidential Layer Protects Users Against Blockchain Threats
- Confidential Layer is a blockchain protocol that prioritizes security and privacy for users.
- It employs a Security by Design approach to mitigate common blockchain risks.
- Key security components include Threshold Signatures, Confidential Assets, and decentralized witness storage.
- Regular security audits are conducted to maintain a high standard of protection.
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Medium
2w
220
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7 Confidential Layer Roadmap: What’s Ahead for 2024 and Beyond
- Confidential Layer has a structured roadmap for its development journey.
- In 2024, Confidential Layer plans to launch key components, enhance security, and upgrade core decentralization.
- The final quarter of 2024 will see the completion of Confidential Layer's core infrastructure.
- In 2025, the focus will be on expanding the ecosystem with new tools, applications, and integrations.
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Medium
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169
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6 Join the Zealy Campaign: Your Chance to Win a Share of $10,000 with Confidential Layer
- The Zealy Campaign is a rewards program where users can earn points by completing tasks and challenges.
- Participants have a chance to win a share of a $10,000 prize pool and gain advantages in the main airdrop.
- Completing tasks adds points to the campaign score and improves the participant's ranking on the leaderboard.
- By engaging in the campaign, users can collect rewards, support the Confidential Layer ecosystem, and secure a spot in the main airdrop.
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Medium
2w
52
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5 All About $CLONE Token: Tokenomics, Staking Rewards, and Community Empowerment in Confidential…
- $CLONE token is the native token of Confidential Layer ecosystem, bringing value and rewards to its holders.
- Tokenomics of $CLONE includes allocations for presale/public sale, airdrops/incentives, liquidity/listings, and core contributors/strategic reserve.
- Staking $CLONE allows participants to share in the platform's revenue, fostering active user participation.
- Confidential Layer's airdrop campaign offers opportunities for $CLONE holders to maximize their rewards and actively contribute to the ecosystem's growth.
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Medium
2w
242
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4 Interoperability in Action: How Confidential Layer Bridges Blockchains for the Future of DeFi
- Interoperability is vital for the future of DeFi, allowing different blockchains to communicate and share information.
- Confidential Layer bridges public and private blockchains, enabling secure and private asset transfers.
- Users can leverage the best features of multiple networks while ensuring privacy and security.
- Confidential Layer's role goes beyond asset bridging, creating a more integrated and secure DeFi ecosystem.
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Medium
2w
186
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3 Inside the Technology: How Confidential Assets and Threshold Signatures Protect Your Assets
- Confidential Layer uses Confidential Assets and Threshold Signatures to protect assets and ensure privacy.
- Confidential Assets hide transaction details from everyone except the involved parties using Zero-Knowledge Proofs.
- Threshold Signatures distribute signing authority among multiple participants for decentralized security.
- The combination of Confidential Assets and Threshold Signatures provides privacy, security, and control in the Confidential Layer ecosystem.
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Medium
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260
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2 Privacy Meets Liquidity: How Confidential Layer Combines the Best of Public and Private…
- Confidential Layer combines the liquidity and reach of public blockchains with the privacy of private chains.
- Confidential Layer connects public and private blockchains, allowing secure transfers without sacrificing privacy or liquidity.
- Maintaining privacy in blockchain transactions is crucial for protecting users from malicious actors and preserving personal security.
- Confidential Layer offers a versatile blockchain experience by combining the benefits of both public and private blockchains.
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Bitcoinist
2w
342
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Is Ethereum Finished? Expert Says ‘No Hope Left’ For Ether Anymore
- Bitcoin's competitor Ethereum has faced criticism and attacks, with some claiming its popularity will end.
- Justin Bon, the founder of Cyber Capital, recently tweeted that Ethereum is 'cooked' and has no hope left.
- Bon cited self-interest and the prioritization of Layer 2 chains over scaling its base layer as the primary reasons for Ethereum's downfall.
- Additionally, Uniswap's migration to its own blockchain, Unichain, poses a significant challenge for Ethereum as it could result in a loss of revenue.
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Medium
2w
195
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1 Confidential Layer Basics: The Essential Bridge for Private, Secure Blockchain Transactions
- Confidential Layer is a decentralized protocol designed to facilitate private, secure asset transfers between blockchains.
- It allows users to transfer assets between public and private blockchains while maintaining privacy and security.
- Confidential Layer uses Threshold Signatures and Confidential Assets to keep transactions private and assets safe.
- The main airdrop campaign for Confidential Layer is set to launch soon, allowing participants to earn rewards.
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Cryptonews
2w
381
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VanEck Says New Bitcoin Buyers Entering Market Daily in ‘Very Bullish Setup’
- Matthew Sigel, VanEck's head of digital assets, compares Bitcoin adoption to the growth of the video game industry.
- Sigel predicts a significant rise in Bitcoin's value post-US election, potentially reaching $180k based on a 1000% increase over the cycle.
- VanEck has filed for a Spot Solana ETF in the US, but chances of approval are currently slim.
- VanEck has a long-term valuation of Bitcoin, seeing it as a reserve asset with a price of $3 million by 2050.
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