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Bitcoin News
Blockonomi
2w
335
Image Credit: Blockonomi
Op-Ed: Crypto’s Crossroads: Market Liquidity, Geopolitics, and the Road to 2025
- Global market liquidity is the most important factor for crypto prices. Any significant drawdown in liquidity could cause prices to suffer.
- Rising geopolitical tensions and strange things happening in the banking sector. China is ignoring stimulus measures, while western central banks are lowering rates, signalling concern about the global economy.
- Trump's re-election could create risks for market liquidity with increasing social unrest or a possible assassination. Markets would react negatively and the US economy could take a hit.
- Ongoing conflict and nuclear saber-rattling in the Middle East threatens oil pipelines and lower oil output, which could be bad for market liquidity and crypto prices.
- BTC ETFs are now connected to the global macroeconomic environment and a lack of liquidity could lead to a crypto crunch.
- The ongoing macroeconomic environment looks confusing and there is much less predictability going forward, gold is making all-time highs while central banks are behind the curve.
- A major liquidity drawdown could happen, which would slam crypto prices lower. Panic selling could lead BTC to look for support at the $20,000 level.
- Major themes that could affect the crypto market are already in play, such as central bank policies, geopolitical risks, and the 2024 US Presidential election. The risk of a significant liquidity crunch is real.
- Hedge funds accordingly to what lies ahead.
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20 Likes
Tokenhell
2w
282
Moo Deng Meme Coin Surges 120% Following Binance Listing
- Moo Deng, a meme coin, has surged 120% after being listed on Binance.
- The price of Moo Deng has more than doubled since Friday, currently at $0.22.
- Binance listed Moo Deng in its futures market, allowing margin traders to bet on its future price.
- A lucky investor turned their $800 investment in Moo Deng into over $7 million.
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17 Likes
Pymnts
2w
361
Image Credit: Pymnts
The Rising Stakes of Reliable Payments: How Testing Powers Technology
- Payment testing is crucial in the financial world to ensure reliable transactions.
- 2 in 10 digital transactions fail, resulting in a trillion-dollar problem for companies.
- Payment testing simulates real-world transactions to identify and resolve issues.
- Balancing manual testing with automation is important for effective payment testing.
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21 Likes
Stackexchange
2w
387
Image Credit: Stackexchange
Safe to Carry a Card Containing my Seed Phrase and the Wallet in an International Flight?
- Carrying a card containing your seed phrase and wallet during an international flight raises security concerns.
- To ensure safety, it is advisable to avoid putting the card with the seed phrase in your check-in luggage.
- The high-tech scanners and cameras at airports may potentially pick up the words written on the card.
- It is recommended to carry the card and wallet in person as hand luggage but remain inconspicuous to avoid unnecessary attention.
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23 Likes
Crypto-News-Flash
2w
17
Image Credit: Crypto-News-Flash
BlackRock Buys 34,085 BTC, Pushing Total Holdings Over 400K
- BlackRock's Bitcoin holdings have exceeded 400,000 BTC, reaching 403,725 BTC ($26.98B).
- BlackRock bought an additional 34,085 BTC, worth about $2.3 billion, over the past two weeks.
- BlackRock's strategic approach to Bitcoin shows increasing belief in its long-term worth and its role as a fundamental asset in institutional portfolios.
- BlackRock's participation and growing acceptance of Bitcoin are driving its expansion in the world economy.
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1 Like
Newsbtc
2w
187
Image Credit: Newsbtc
Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details
- Crypto analyst Alan Santana warns of a potential crash for Floki Inu (FLOKI) due to bearish market patterns.
- FLOKI has been in a bearish trend since March 2024, unable to regain its previous momentum.
- Current technical indicators suggest further declines and a potential drop to as low as $0.00004200.
- Investors are advised to exercise caution as predictions of an uptrend are met with skepticism given the current sentiment.
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11 Likes
Cryptonews
2w
235
Image Credit: Cryptonews
Cardano Founder: New Collab to Propel BTC DeFi Beyond Solana, Ethereum
- Cardano has integrated BitcoinOS (BOS), allowing access to Bitcoin's capital pool without intermediaries.
- The collaboration between EMURGO and BOS enhances Cardano's DeFi ecosystem and offers new opportunities.
- Cardano becomes the first Layer-1 blockchain to integrate BitcoinOS.
- The integration provides secure Bitcoin access and supports a more interconnected Web3 environment.
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14 Likes
Bitcoinsensus
2w
365
Image Credit: Bitcoinsensus
Tether USDT Is Backed by Bitcoin, Gold, and US Treasuries, and Is Working on a Future in AI
- Tether, the popular stablecoin, is backed by Bitcoin, gold, and US Treasuries according to CEO Paolo Ardoino.
- Tether is investing in the future and is working on an AI SDK for larger mainframe and home systems.
- Recently, Tether confirmed holding 82,454 BTC and 42.3 tons of gold as part of its reserves.
- Tether's diversification strategy and AI investments showcase its long-term commitment beyond the crypto sector.
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22 Likes
Tokenhell
2w
172
Price Analysis October 28th, 2024 – BTC, BNB, ETH, SOL, and DOGE
- Bitcoin faces resistance near $68,500, but $65,055 support holds.
- Analysts predict BTC could reach $120,000 if Trump wins US elections.
- Ethereum drops to $2,486, could retest $2,848 with breakout.
- BNB trades above $586.92 with possibility of bullish move to $634.18.
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10 Likes
Bitcoinist
2w
689
Image Credit: Bitcoinist
$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining
- Malaysian electric company, Tenaga Nasional Berhad (TNB), has reported losses of over $100 million due to electricity theft related to illegal Bitcoin mining.
- TNB has been experiencing increasing losses year-on-year since 2020, with losses reaching RM103 million in 2023 alone.
- In addition to financial losses, over $500,000 worth of electrical equipment used for illicit mining operations has been confiscated.
- The Malaysian authorities are taking action against tax evasion and plan to investigate the thefts and factors contributing to the increasing loss trend.
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5 Likes
Stackexchange
2w
378
Image Credit: Stackexchange
I invested thru a friend
- Investor was told by a friend about a new company and invested $300
- Company requires investor to verify account by sending $1,300 Bitcoin transfer
- Verification process involves transferring the amount to the same wallet used for initial deposit
- Confirmation of identity and ownership of the account will be made after successful verification
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22 Likes
Bitcoinik
2w
426
Image Credit: Bitcoinik
Cardano founder Criticises BlackRock BTC ETF, Highlights ‘Not Your Keys, Not Your Crypto’ Debate and Centralization Risks
- Cardano founder Charles Hoskinson criticizes BlackRock's Bitcoin ETF and raises concerns about the compromise of decentralization and individual control over crypto assets.
- Hoskinson questions the alignment of the ETF with the ethos of 'not your keys, not your crypto' and warns about the risks of centralization that arise from institutional involvement.
- He argues that ETF holders lack true ownership and rely on BlackRock's custodians, potentially giving large institutions like BlackRock significant influence over Bitcoin's supply and governance.
- Hoskinson highlights the potential shift away from decentralization and questions if reliance on traditional financial mechanisms aligns with Bitcoin's mission.
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25 Likes
Bitcoinist
2w
387
Image Credit: Bitcoinist
DeFi Revolution? Cardano Founder Says Bitcoin Will Outpace Ethereum And Solana
- Cardano's Charles Hoskinson predicts that decentralized finance (DeFi) will come to Bitcoin and surpass Ethereum and Solana.
- Cardano and Bitcoin have agreed to use smart contract features in the Bitcoin ecosystem, paving the way for DeFi projects on Bitcoin.
- Hoskinson plans to train BTC developers on Aiken, a programming toolkit for smart contracts on Cardano.
- Hoskinson's previous criticism of Bitcoin has shifted after the collaboration between Cardano's EMURGO and Bitcoin.
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23 Likes
Bravenewcoin
2w
370
Image Credit: Bravenewcoin
Bitcoin Set for 200% Jump by 2025, Says Top Investment Firm
- Investment firm Bernstein has released a report outlining reasons why Bitcoin could reach a new all-time high of $200,000 by the end of 2025.
- This projection is based on Bitcoin’s current price of approximately $68,000, suggesting a nearly 200% increase.
- The report sparked a frenzy among billionaire investors, who are rapidly increasing their Bitcoin holdings.
- Billionaire hedge fund managers are now focusing on new Bitcoin exchange-traded funds (ETFs).
- Bernstein highlights major catalysts propelling Bitcoin toward significant price appreciation.
- Inflationary pressures drive Bitcoin adoption as a strategic hedge.
- The surge in Bitcoin ETF investments by hedge funds further underscores the positive sentiment surrounding Bitcoin.
- The growing adoption of Bitcoin ETFs by institutional investors indicates a broader acceptance and integration of cryptocurrency into mainstream financial systems.
- As more firms recognize Bitcoin’s potential as a valuable asset, the demand is likely to increase, driving up its price in the process.
- Bernstein’s prediction of a $200,000 Bitcoin by the end of 2025 is based on a positive feedback loop for the cryptocurrency market.
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22 Likes
Newsbtc
2w
235
Image Credit: Newsbtc
MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000
- MicroStrategy's stock (MSTR) reached a 25-year high of $235.89, trading at its highest level ever.
- MicroStrategy is the largest corporate holder of Bitcoin, with 252,222 BTC and over $17 billion in assets.
- The company's shift towards Bitcoin has contributed to its stock's significant gains and market outperformance.
- Market analysts predict $245 as the stock's next target, reflecting a bullish sentiment towards MicroStrategy.
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14 Likes
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