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Bitcoin News
Blockonomi
2w
203
Image Credit: Blockonomi
Analysis: Bitcoin (BTC) Platform Distribution Trends Show US Growth
- Bitcoin platform distribution patterns are showing a notable shift as recent data indicates increased movement toward US-based exchanges and institutions.
- The Bitcoin US to The Rest Reserve Ratio, which measures the relationship between American and global platform holdings, has begun trending upward after a period of decline.
- The introduction of spot Bitcoin ETFs in the United States played a major role in previous metric movements, reflecting strong domestic interest in regulated Bitcoin investment products.
- Current data shows that US-based platforms are once again accumulating Bitcoin reserves, potentially indicating renewed domestic interest in the cryptocurrency.
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Bitcoinchaser
2w
386
Image Credit: Bitcoinchaser
Introducing an Improved VIP Program at Duelbits
- Duelbits has introduced improvements to its VIP program, making it easier for players to join.
- Players can now climb levels with 5 to 15 milestones and start earning level-up bonuses after wagering $200.
- The VIP Lounge provides accessible information and allows players to claim milestones immediately.
- The program offers more rewards, automatic bonus distribution, and a dedicated lounge for tracking progress.
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23 Likes
Altcoinbuzz
2w
217
VanEck: Argentina, UAE, and Ethiopia Embrace Bitcoin Mining
- Argentina, UAE, and Ethiopia have started mining Bitcoin using government resources to support their efforts.
- Russia's sovereign wealth fund is also investing in Bitcoin mining.
- These countries are mining Bitcoin to create extra income and seek alternatives to the US dollar.
- The move is aimed at gaining financial independence and minimizing the effects of US sanctions.
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Altcoinbuzz
2w
421
HKEX Unveils Crypto Index Amid Hong Kong Expansion
- HKEX will launch the “HKEX Virtual Asset Index Series,” a digital asset index focused on BTC and ETH pricing.
- The index aims to provide a single, reliable price for Bitcoin and Ether based on Asia-Pacific trading hours, making it easier for investors to understand their true value in real-time.
- The HKEX Virtual Asset Index Series stands out as the first of its kind in Hong Kong to meet the European Union Benchmarks Regulation (BMR) standards, ensuring its reliability on an international level.
- Hong Kong plans to issue more licenses for digital asset exchanges by the end of the year, as part of its efforts to expand its presence in the crypto market.
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TheNewsCrypto
2w
416
Image Credit: TheNewsCrypto
MicroStrategy’s Leveraged ETF Hits $1B Amid Bitcoin Surge
- MicroStrategy's leveraged ETF, MSTU, has reached $1 billion in assets under management (AUM) amid the Bitcoin surge.
- MSTU behaves like a 4x Bitcoin ETF by leveraging MicroStrategy's stock, bypassing US leverage restrictions.
- MSTU has posted a 225% gain in just six weeks, with a daily trading volume ranking among the top 1% of all ETFs.
- Some experts warn of potential overvaluation, but investors remain eager to ride MicroStrategy's Bitcoin-centric trajectory.
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Blockonomi
2w
381
Image Credit: Blockonomi
Mining Companies Report 24% Stock Increase Amid Technology Upgrades
- Mining stocks surged 24.4% as Bitcoin passed $70,000.
- AI integration is helping optimize mining operations.
- Favorable macroeconomic conditions support growth.
- Miners’ profitability reduces Bitcoin selling pressure.
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22 Likes
Bitcoinsensus
2w
43
Image Credit: Bitcoinsensus
Bitcoin Made a Breakout to $71K Last Night
- Bitcoin made a breakout to $71K last night, getting a little closer to its record high of $73K.
- Bitcoin was followed by other assets including $ETH, $SOL, $BNB, and $DOGE, showing gains ranging from 3.3% to 15%.
- Investors are divided on whether this is a short-term rally or the start of a long-awaited achievement.
- There are differing opinions on whether this breakout is related to the upcoming election and VanEck's statement.
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Bitcoinchaser
2w
82
Image Credit: Bitcoinchaser
The Best Online Blackjack Games To Try Your Hand At
- Blackjack is a popular card game combining strategy, skill, and chance, and has now moved to the online world with a variety of game options available.
- This article highlights some of the best online blackjack games you can play today with unique features and variations, catering to both newbies and pros.
- Classic Blackjack, European Blackjack, Infinite Blackjack, and First Person Blackjack are some variants discussed. Players aim to beat the dealer and obtain a hand value closer to 21.
- Basic gameplay of these games involves dealing two cards to players and one to the dealer, and allowing players to decide whether to stand, hit, double or split.
- Special features include the Six Card Charlie rule in Infinite Blackjack and 3D-rendered tables in First Person Blackjack.
- Players must understand the game rules to increase winning chances. Payouts, splitting rules, doubling down options, and dealer’s stand vary with each game.
- Select online casinos, such as Duelbits, CloudBet, and BitStarz, offer great bonuses and top-notch customer support for players to enjoy the thrill of playing blackjack.
- Playing blackjack can be a fun experience by learning how to play, understanding game rules, and applying basic strategies to increase winning chances.
- Evolution Gaming offers some of the best live casino games in the industry, including several online blackjack variants.
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4 Likes
Altcoinbuzz
2w
78
Robinhood Launches 2024 Election Prediction Market
- Robinhood has launched a new feature that allows its customers to trade on the outcome of real-life events, including major ones like elections.
- The election market has two event contracts representing Kamala Harris and Donald Trump, and customers can choose which candidate they believe will win by trading on the respective contract.
- To participate, Robinhood users must apply and meet certain requirements to open a 'RHD' account, limited to US citizens.
- The launch of the prediction market reflects Robinhood's efforts to cater to customer demand for real-time trading and engagement in various markets.
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Blockonomi
2w
238
Image Credit: Blockonomi
Cardano-BitcoinOS Partnership Enables Bitcoin Smart Contract Integration
- Cardano has partnered with BitcoinOS to access $1.3 trillion in Bitcoin liquidity.
- The integration uses zero-knowledge proofs via the BOS Grail bridge.
- A new toolkit called Aiken enables cross-chain smart contract development.
- The Bitcoin Education Project is set to relaunch in 2025.
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14 Likes
Blockonomi
2w
408
Image Credit: Blockonomi
Why Is Crypto Up Today? Bitcoin Smashes $71k, Altcoins Follow, ETF Demand is High
- Bitcoin surged above $71,000, marking a 5.4% gain and approaching its all-time high
- Over $175 million in short positions were liquidated during the rally
- Bitcoin ETFs saw record October inflows exceeding $3 billion, with BlackRock’s IBIT leading
- Altcoins and meme coins joined the rally, with DOGE and SHIB gaining over 10%
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24 Likes
Bitcoinist
2w
243
Image Credit: Bitcoinist
BRICS Nations To Adopt Bitcoin For Global Trade, Predicts VanEck Exec
- Matthew Sigel, Head of Digital Assets Research at VanEck, predicts the potential adoption of Bitcoin by BRICS nations for global trade.
- Sigel believes that the upcoming downgrade of US sovereign debt by Moody's could serve as a catalyst for Bitcoin adoption.
- Several BRICS nations, including Russia, are taking steps to bolster their Bitcoin mining infrastructure and explore the use of Bitcoin in global trade.
- Sigel remains bullish on Bitcoin's future value, projecting it to reach $100,000 or even $200,000 soon.
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14 Likes
Newsbtc
2w
78
Ethereum Bullish Signal: Whales Withdraw $750 Million In ETH From Exchanges
- Exchanges have seen a significant drop in Ethereum holdings as investors make net outflows.
- The decline in exchange reserves suggests accumulation by investors and a bullish signal for ETH.
- Over 300,000 ETH, worth $754 million, has been withdrawn from exchanges by whale entities.
- With the surge in withdrawal and a recovery above $2,500, Ethereum may benefit from a rebound.
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4 Likes
Altcoinbuzz
2w
143
FTX Settles $228 Million Lawsuit with Bybit Exchange
- FTX has settled a $228 million lawsuit with crypto exchange Bybit.
- The settlement allows FTX to recover $175 million in crypto assets from Bybit's platform and sell $53 million in BIT tokens to Mirana Corp.
- FTX filed the lawsuit in 2023, accusing Bybit of using 'VIP' access to withdraw funds before its collapse in 2022.
- The settlement aligns with FTX's reorganization plan to distribute over $12.6 billion in assets back to customers and creditors.
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Coinpedia
2w
296
Image Credit: Coinpedia
Bitcoin Regains $71,000 Level: Is This The Dawn Of A New Era?
- Bitcoin has successfully surpassed the $71,000 level, marking a significant rally in the market.
- Factors driving this rally include massive trading activity by Binance whales and increased Bitcoin holdings among institutions and major wallets.
- Bitcoin ETFs in the US have also seen significant inflows, indicating rising demand for direct Bitcoin exposure.
- Investors are speculating on the potential impact of next week's US election on the Bitcoin price.
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