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Bitcoin News
Pymnts
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17
Image Credit: Pymnts
Tether Condemns Wall Street Journal Report of Federal Investigations
- Cryptocurrency company Tether has condemned a report from The Wall Street Journal (WSJ) that federal agencies are investigating the company for possible violations of sanctions and anti-money laundering (AML) rules.
- Tether stated that the report is based on speculation and that the company has no knowledge of any such investigations into the company.
- The WSJ reported that the Manhattan U.S. attorney’s office is looking into whether Tether's cryptocurrency has been used for illegal activities or money laundering.
- Tether CEO Paolo Ardoino stated that the allegations in the article are false, and that Tether regularly works with law enforcement to prevent misuse of their stablecoin.
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Bitcoinik
3w
288
Image Credit: Bitcoinik
Michael Saylor Invites Microsoft CEO Satya Nadella for Bitcoin Adoption Advice Amid Current Market Trends
- MicroStrategy CEO Michael Saylor has invited Microsoft CEO Satya Nadella to discuss Bitcoin adoption strategies.
- Microsoft urged its shareholders to vote against a proposal recommending Bitcoin investment due to its price volatility risks.
- Saylor highlighted MicroStrategy's success with Bitcoin and suggested it could benefit Microsoft's stock performance.
- Microsoft has not responded to Saylor's invitation, and speculation grows around the potential for tech giants to adopt Bitcoin.
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Newsbtc
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345
Image Credit: Newsbtc
Cardano Price Set To Skyrocket By 430%, Crypto Analyst Predicts
- Crypto analyst predicts a potential bullish reversal for Cardano (ADA) with a price target of $1.8.
- Long-term support zone for ADA identified between $0.30 and $0.35, indicating market support.
- Long-term resistance target set between $1.20 and $1.80 based on previous price peaks.
- Short-term support zone at $0.33 to $0.34 could lead to a bounce towards resistance at $0.38 - $0.39.
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Bitcoinist
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227
Image Credit: Bitcoinist
Bitcoin On-Chain Data Shows Phases Of Accumulation And Distribution In Current Cycle
- Bitcoin might be entering into two separate phases in the current market cycle, accumulation and distribution.
- During accumulation phases, whales and long-term investors grow their Bitcoin holdings, indicating confidence in price growth.
- During distribution phases, holders sell a percentage of their holdings, leading to market corrections and volatility.
- Monitoring the On-chain CapFlow Sentiment Index can help identify changes in momentum and potential price drops.
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Bitcoinist
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35
Image Credit: Bitcoinist
New Cardano Partnership To Unlock Bitcoin’s Billion-Dollar Liquidity For ADA Investors – Here’s What We Know
- Cardano has announced a new partnership with BitcoinOS (BOS) to unlock Bitcoin's liquidity for ADA investors.
- The partnership aims to bridge Bitcoin's $1.3 trillion liquidity into Cardano's DeFi ecosystem.
- The integration of BOS Grail bridge into Cardano's blockchain will facilitate secure bridging of Bitcoin and Bitcoin-based assets.
- The partnership positions Cardano as a key player in the DeFi ecosystem while enhancing Bitcoin's versatility in the Web3 space.
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Bitcoinsensus
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376
Image Credit: Bitcoinsensus
Tether and Lugano Celebrate Bitcoin Creator with New Statue
- Lugano, a city in Switzerland, unveiled a statue honoring Satoshi Nakamoto, the creator of Bitcoin.
- Lugano has adopted Bitcoin as legal tender and launched the Plan B Initiative with Tether to boost blockchain adoption.
- The statue represents Nakamoto holding a laptop and symbolizes Lugano's commitment to digital assets and innovation.
- The identity of Satoshi Nakamoto remains unknown despite recent discussions and speculation.
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Zycrypto
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293
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Bitcoin Price Recoils After Bombshell Report DOJ Is Investigating Tether Over Possible Money Laundering Violations
- The United States Justice Department is investigating stablecoin issuer Tether for possible money laundering violations and breaches of sanctions.
- The probe caused a drop in crypto prices, with Bitcoin plummeting from its upward trend towards $70,000.
- Tether CEO Paolo Ardoino denies the investigation and claims there is no indication of Tether being under investigation.
- Tether has faced previous scrutiny and fines related to the USDT stablecoin, including allegations of making misleading statements and omissions of material fact.
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Bitcoinist
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328
Image Credit: Bitcoinist
US Gov’t Loses $20 Million As Crypto Wallets Fall Victim To Major Hack
- A crypto wallet owned by the US government has been hacked, resulting in a loss of $20 million worth of digital assets.
- Arkham Intelligence tracked the movement of funds from the government-controlled wallet, which had been inactive for eight months, to another address linked to DEX traders and a MetaMask swapper.
- The funds were eventually transferred to Binance, raising concerns about the security measures in place for government-controlled cryptocurrencies.
- The incident is being investigated by US authorities, who are trying to determine the extent of the hack and track down the attackers.
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Zycrypto
3w
65
Image Credit: Zycrypto
Bitcoin Permabull Michael Saylor Pitches ‘Next Trillion Dollars’ Opportunity For Microsoft As MicroStrategy’s BTC Bet Pays Off Handsomely
- MicroStrategy co-founder Michael Saylor has proposed that Microsoft invest in Bitcoin as a means to maximize shareholder profits.
- Saylor suggests that Microsoft could potentially make the next trillion dollars by embracing Bitcoin.
- MicroStrategy's aggressive Bitcoin buying strategy has contributed to their skyrocketing stock value, outperforming Microsoft in the process.
- It remains uncertain whether Microsoft will follow in MicroStrategy's footsteps and adopt Bitcoin as part of its corporate treasury diversification.
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Bitcoinsensus
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236
Image Credit: Bitcoinsensus
Tether CEO Dismisses WSJ Federal Probe Claims as ‘Old Noise’
- Tether CEO Paolo Ardoino denies claims of the company being under investigation by the U.S. Government.
- The Wall Street Journal reported potential involvement of Tether in illegal activities and consideration of sanctions.
- Ardoino dismisses the allegations as 'old noise' despite past controversies and a recent fine.
- Tether has been accused of funding illegal activities, but no tangible accusations have been made so far.
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Newsbtc
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170
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On-Chain Indicator Signals Bitcoin Cycle Top Is Far Ahead – Data Confirms Bullish Outlook
- Bitcoin's price action and key metrics suggest a bullish outlook.
- Bitcoin is consolidating below $70,000 before potentially reaching new highs.
- The Long-Term Holder to Short-Term Holder SOPR Ratio indicates Bitcoin is far from its cycle top.
- Bitcoin's ability to hold above $65,000 will be pivotal for maintaining bullish sentiment.
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Bitcoinist
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306
Image Credit: Bitcoinist
Bitcoin Harder To Mine Than Ever: Difficulty Sets New Record With 4% Jump
- Bitcoin Mining Difficulty has set a new all-time high (ATH) with a recent 4% jump.
- BTC Difficulty is a metric that tracks the difficulty of mining blocks on the Bitcoin blockchain.
- The Difficulty adjusts roughly every two weeks based on miners' activity to maintain a constant block time of 10 minutes per block.
- The increase in Difficulty is a response to the Hashrate reaching a new all-time high on its 7-day average.
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Bitcoinmagazine
3w
43
If Microsoft Invests in Bitcoin It Will Be Likely Via Spot ETFs
- Microsoft is voting on whether to invest in Bitcoin, according to a new SEC filing.
- The company's board recommends shareholders vote against the proposal.
- Michael Saylor has reached out to Microsoft's CEO to discuss the possibility.
- If Microsoft does invest, it is likely to be through purchasing shares of Bitcoin ETFs.
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Cryptoslate
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175
Image Credit: Cryptoslate
WazirX reveals 40% customer assets held on third-party exchanges amid transparency push
- Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, revealing that over 40% of customer assets are stored on third-party exchanges.
- As of Oct. 24, WazirX holds $298.17 million in 242,000 wallets, out of which $157.01 million is held on-chain, $126.91 million is stored externally on other exchanges, and no assets are in third-party custody.
- WazirX plans to secure a new third-party custodian that offers fund insurance to enhance customer protection.
- The exchange is actively cooperating with government agencies to investigate a July cyberattack that resulted in a $235 million loss of client funds.
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Coin Telegraph
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249
Hacker behind fake Bitcoin ETF tweet pleads not guilty
- Eric Council Jr. pleads not guilty in the courtroom for his involvement in hacking the SEC's X account.
- Council entered a plea of not guilty for one charge of conspiracy to commit aggravated identity theft and access device fraud.
- He was allegedly part of a group that hacked the SEC's X account and posted a fake tweet about the approval of spot Bitcoin ETFs.
- The tweet has been removed.
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