Category: Bitcoin
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The Great Script Restoration: A Path Forward For Bitcoin
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Bitcoin was initially designed with a fully fleshed out scripting language, intended to encompass and support any potential safe use case that users could come up with in the future. As Satoshi himself put it before he disappeared: “The nature of Bitcoin is such that once version 0.1 was released,…
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Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge
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Bitcoin price rose and tested the $66,500 area. BTC is now consolidating gains and may attempt another surge towards $67,500. Bitcoin started the consolidation phase from the $66,500 resistance area. The price is trading above $65,000 and the 100 hourly simple moving average. There is a major uptrend line forming…
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The Bitcoin Ponzi Scheme Paradox
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“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online…
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Ethereum Can’t Stop Losing Ground To Bitcoin
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More than 19 months after Ethereum’s landmark Merge upgrade, the data is clear: the network’s native asset, Ethereum (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, with Ether last seeing less market dominance versus Bitcoin appearing in May…
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Ethereum Can’t Stop Losing Ground To Bitcoin
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More than 19 months after Ethereum’s landmark Merge upgrade, the data is clear: the network’s native asset, Ethereum (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, with Ether last seeing less market dominance versus Bitcoin appearing in May…
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CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
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According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
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Ex-BlackRock Bitcoin ETF Lead Appointed New Vanguard CEO
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Vanguard, one of the world’s largest investment firms, has named a new CEO: Salim Ramji, who previously led BlackRock’s ETF business and helped launch the spot Bitcoin ETF, IBIT, in January. JUST IN: Vanguard names new CEO Salim Ramji, a former Blackrock director #Bitcoin Lead in ETFs. Earlier, Vanguard rejected…
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CME to Launch Bitcoin Trading for Hedge Funds and Traders
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The Chicago Mercantile Exchange (CME), the world’s largest futures exchange, plans to offer spot trading of bitcoin on its platform, according to the Financial Times. a report. The move will provide major hedge funds and institutional traders a regulated place to trade Bitcoin. New: ?? The world’s largest futures exchange,…
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$2 Billion In Spot Bitcoin ETFs: Millennium Management Reveals Investment In SEC Filing
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In new disclosureInvestment management firm Millennium Management revealed that it owns nearly $2 billion in spot Bitcoin ETFs. This was revealed by the SEC 13F-HR Institutional Investment Manager Holdings Report filed today, and confirms the growing interest and investment in Bitcoin ETFs by major institutional players. JUST IN: ??Millennium Management…
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Creator of the Bitcoin ASIC Says Next Wave of Mining Efficiency is Coming
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It’s no secret that the Bitcoin mining industry is being battle-tested in the wake of the fourth halving. The hash price (revenue per terrahash) has reached historic lows as Bitcoin block support has been cut. Meanwhile, the post-halving frenzy has diminished, adding fuel to the fire for already stressed mining…
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Volcano Bitcoin Mining Gives El Salvador $29 Million Boost
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Official data revealed that El Salvador has mined approximately 474 bitcoins worth about $29 million since September 2021 using geothermal energy from Tecapa volcano. This boosts the country’s total Bitcoin holdings to 5,750 BTC worth more than that $360 million. Just in: ?? El Salvador has mined approximately 474 #Bitcoin…
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$291B Asset Manager Founder Predicts Bitcoin Will Hit $420,000
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in interview With Yahoo Finance’s “Wealth,” Rick Edelman, founder of the Digital Asset Council for Financial Professionals and $291 billion asset manager Edelman Financial Services, provided a startling prediction for Bitcoin’s price. Edelman argued that the price of Bitcoin could rise to $420,000, and attributed this potential rise to a…
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This Public Japanese Firm Has Added Bitcoin as Its Reserve Asset
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Bitcoin has continued to gain mainstream adoption, as major corporations and industry leaders incorporate the digital asset into their long-term financial strategies. Metaplanet, a Japanese investment and advisory firm listed on the Tokyo Stock Exchange, is the latest company to make such a remarkable move. Metaplanet makes reserve assets for…
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Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
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Mike Novogratz, CEO of Galaxy Digital, believes that Bitcoin’s price action will continue for a long period of sleep until the market “narrative” can rear its head. This narrative could come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on cryptocurrencies.…
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El Salvador’s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition
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El Salvador made headlines once again as it announced its ownership of 5,750 Bitcoin (BTC), which is worth approximately $353 million based on current market prices. According to To Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency…
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A Denial Of Service Attack On Bitcoin Consensus
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Conservatism, in a literal rather than political sense, has always been a core part of the Bitcoin ecosystem. Satoshi himself was very careful and thorough in his attempts at the original design, and the developers have since tried to be very careful and thorough in the development process after his…
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Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals
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One quantitative analyst explained how there appears to be a relationship between Coinbase vs. Binance spot volume dominance and the price of Bitcoin. Bitcoin has been reacting to Binance/Coinbase volume changes In CryptoQuant Quicktake mailan analyst discussed the dynamics in the cryptocurrency market that arise from the battle taking place…
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Bracebridge Capital Becomes Largest Spot Bitcoin ETF Holder
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Bracebridge Capital, a hedge fund that manages the finances of institutions such as Yale University and Princeton University, has emerged as the largest holder of various bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission. The company is headquartered in Boston a statement…
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Market Expert Says Bitcoin Price Has Officially Left The Danger Zone, Can Price Strike $100,000?
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Cryptocurrency analyst Rekt Capital It was recently suggested that the worst may be over for Bitcoin. If so, the flagship cryptocurrency could be poised for a move to the upside, rising to AS Up to $100,000which is what some other cryptocurrency analysts expected. Bitcoin is out of the “danger zone”…