Bitcoin
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Cryptocurrencies
Bitcoin Place ETF: Grayscale Meets With SEC Division Responsible For Approvals
In a recent development, the asset manager Grayscale recently met with the Securities and Exchange Commission (SEC) in a move that could suggest that the approval of a Spot Bitcoin ETF is on the horizon. Why Grayscale’s Meeting With SEC Is Significant In a post on his X (formerly Twitter) platform, Bloomberg analyst James Seyffart made this development known and specifically stated that the meeting was with the SEC’s division…
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Cryptocurrencies
Binance’s $4.3 Billion Stunning: Trigger For Massive Bitcoin And Crypto Sell-Off?
Yesterday, November 21, Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) consented to a $4.3 billion settlement with the US Department of Justice. This decision follows charges of money laundering, unlicensed money transmitting, and US sanctions violations. As part of the settlement, Binance will pay $4.3 billion, while CZ personally agreed to a $50 million fine, as Bitcoinist reported. Massive Bitcoin And Crypto Sell-Off Incoming? Following…
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Cryptocurrencies
Has Bitcoin Reached “Euphoria” Yet? What On-Chain Files Says
Here’s what on-chain data says regarding if the latest Bitcoin rally has hit the overheated “euphoria” stage where past bull runs topped out. Bitcoin Percent Supply In Profit Has Now Hit The 83% Mark In its latest weekly report, the on-chain analytics firm Glassnode has discussed about the “euphoric” BTC phase from the angle of investor profitability. Euphoria basically refers to that period of the market where the investors have…
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Cryptocurrencies
Self-discipline Bitcoin ETF Odds ‘May maybe more than doubtless more than doubtless more than doubtless Contain Elevated To 100%’: Matrixport
Matrixport, a leading digital finance platform, today, November 22, released a comprehensive research note focusing on the significant implications of yesterday’s developments in the crypto industry, particularly regarding the prospects of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Following the guilty plea of Binance CEO Changpeng Zhao (CZ) and the substantial financial settlements involved, Matrixport suggests that the path for approving a spot Bitcoin ETF might have…
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Cryptocurrencies
Bitcoin Ticket Drop Because of Binance’s Settlement Can also Be ‘Steal Dips’ – Here’s Why
Bitcoin price declined over 4% and traded below the $36,500 support. BTC is still holding the key $35,650 support zone and dips might attract buyers. Bitcoin started a fresh decline after reports of Binance’s settlement and CZ stepping down. The price is trading below $37,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near $36,980 on the hourly chart…
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Cryptocurrencies
Bitcoin Bandit: Inmate Pulls Off Intrepid $1.2 Million Bitcoin Heist From Within the back of Bars
According to recent reports, notorious hacker Srikrishna Ramesh (Sriki) has been accused of orchestrating a Bitcoin (BTC) scam from a quarantine cell in India’s Parappana Agrahara prison. The incident involved the transfer of Bitcoin worth ₹10 crore or $1.2 million to different wallets using a smuggled laptop. The revelation has sparked a high-profile investigation by the Special Investigation Team (SIT) of the Criminal Investigation Department, which has shed light on…
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Cryptocurrencies
Celsius Network’s Shift In direction of Bitcoin Mining Knowing
Bankrupt crypto lender Celsius Network has revealed that the company planning on switching to a Bitcoin mining-only company, following its bankruptcy court’s confirmation of the plan. Celsius Transition To Mining NewCo Celsius Network‘s transition into a mining company coincides with its bankruptcy proceedings. Over the past year, the digital assets company has experienced financial challenges, which led to its bankruptcy filing. In September, Celsius filed for a reimbursement plan as…
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Cryptocurrencies
Analyst Sets $30,000 Floor For Bitcoin, Nonetheless Can We Neglect 2021’s Misfire?
The price of Bitcoin presses on towards the upside and, once again, touched a critical resistance close to $38,000. The cryptocurrency could trend sideways at its current levels in the short term, leading analysts to find the support level that could withstand a spike in selling pressure. As of this writing, Bitcoin trades at $37,160 with sideways movement in the last 24 hours. BTC held a 2% profit the previous…
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Cryptocurrencies
Bitcoin Puell Extra than one Nears 2023 Highs: Why This Would possibly perchance presumably well maybe Signal A Top
On-chain data shows the Bitcoin Puell Multiple is close to setting new highs for 2023, a sign that a top may be becoming more likely for BTC. Bitcoin 7-Day MA Puell Multiple Has Surged Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Puell Multiple is currently at the second highest level for the year. The “Puell Multiple” is an indicator that keeps track of the…
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Cryptocurrencies
Bitcoin Will No longer Smash, But Rise In A Recession: Expert Explains Why
In a detailed analysis, Will Clemente, an on-chain analyst and co-founder of Reflexivity Research, has presented a thought-provoking perspective on the Bitcoin price’s potential performance in a recessionary environment. His views challenge the widely held belief that BTC, as a ‘risk-on’ asset, would suffer in economic downturns, offering a nuanced understanding of its relationship with market liquidity and economic cycles. Why Bitcoin May Rise During A Prolonged Recession Clemente’s argument…
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Cryptocurrencies
Bitcoin, Ethereum, XRP: Banks’ Crypto Holdings Exposed By BCBS
In an unprecedented analysis, the Basel Committee on Banking Supervision (BCBS) has unveiled a comprehensive report detailing the involvement of banks in crypto assets like Bitcoin, Ethereum, and XRP. The data, which marks a significant step in understanding institutional engagement in the crypto sector, reveals that total crypto exposures reported by banks stand at approximately €9.4 billion. Overall, 19 banks reported their crypto assets: 10 banks are from the Americas,…
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Cryptocurrencies
Bitcoin About To Break The $38,000 Barrier – Decoding the Next Moves
Bitcoin (BTC) price reclaimed $37,000 on Monday as the crypto market started the week strongly and with investors regaining confidence in the market. On-chain analysis identifies the key reasons that could propel BTC prices higher this week. Bitcoin was up 1.77% and was halfway to the vaunted $38,000 level at the time of writing, with its trading volume soaring 21% to a little over $14 billion. The recent gains in…
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Cryptocurrencies
Set apart Bitcoin ETF Is ‘A Take The News’ Match: Pantera Capital CEO
The potential approval of a spot Bitcoin ETF in the United States has stirred considerable attention in recent weeks. Dan Morehead, CEO and founder of Pantera Capital, has now shared valuable insights on this matter in his latest “Blockchain Letter”, emphasizing the unique circumstances surrounding this event. Morehead challenges the traditional Wall Street mantra, “Buy the rumor, sell the news,” questioning its relevance in the current spot ETF context. He…
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Cryptocurrencies
Will Argentina’s Milei Adopt Bitcoin As Agreeable Relaxed? Expert Diagnosis
Javier Milei’s election as Argentina’s president has sparked intense debate within the Bitcoin community about the potential adoption of BTC as legal tender. Samson Mow, the CEO of Jan3 and a key player in nation-state Bitcoin adoption, has now offered an insightful analysis on this matter. Mow, instrumental in Bitcoin Bonds in El Salvador and the legal tender bills in certain regions like Roatán (Honduras) and Madeira (Portugal), shared his…
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Cryptocurrencies
Bitcoin Expenses Fly Above Ethereum’s As Investors Flock To Ordinals-Backed Sources
CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US. This hesitation has coincided with a remarkable…
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Cryptocurrencies
Bitcoin And Solana Lead Institutional Inflows: CoinShares
In the latest weekly report “Digital Asset Fund Flows” from CoinShares, Bitcoin and Solana are emerging as leaders in institutional inflows, indicating sustained interest from sophisticated investors in the cryptocurrency market. James Butterfill, head of research at CoinShares, elaborated on the trend: “Digital asset investment products saw inflows totaling $176 million last week, marking an 8-week streak of consecutive inflows,” highlighting the sustained interest in exchange-traded products (ETPs) related to…
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Cryptocurrencies
Bitcoin Label Uptrend To Continue? These Components Would possibly perchance perchance perchance Spark Current Surge
Bitcoin price is showing positive signs above the $37,000 resistance zone. BTC seems to be eyeing an upside break above the $38,000 resistance zone. Bitcoin started a fresh increase and climbed above the $37,000 zone. The price is trading above $37,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $36,950 on the hourly chart of the BTC/USD pair (data feed…
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Cryptocurrencies
Bitcoin ETF Hype: Bloomberg Intelligence Envisions $100 Billion Market With Regulatory Approval
As Bitcoin (BTC) continues its upward trajectory toward $38,000, the long-awaited arrival of a US spot Bitcoin exchange-traded fund (ETF) could open the floodgates of digital currency investing for institutional and retail investors. Notably, Bloomberg Intelligence estimates that the potential spot Bitcoin ETF market could reach a staggering $100 billion, signaling a breakthrough for cryptocurrencies on Wall Street. Inquiries Surge As Spot Bitcoin ETF Looms The anticipation surrounding Bitcoin ETFs…
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Cryptocurrencies
Bitcoin ETF Hype: Bloomberg Intelligence Envisions $100 Billion Market If Regulatory Approval Granted
As Bitcoin (BTC) continues its upward trajectory toward $38,000, the long-awaited arrival of a US spot Bitcoin exchange-traded fund (ETF) could open the floodgates of digital currency investing for institutional and retail investors. Notably, Bloomberg Intelligence estimates that the potential spot Bitcoin ETF market could reach a staggering $100 billion, signaling a breakthrough for cryptocurrencies on Wall Street. Inquiries Surge As Spot Bitcoin ETF Looms The anticipation surrounding Bitcoin ETFs…
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Cryptocurrencies
Bitcoin Hashrate And Challenge Reach Smooth All-Time Highs, What This System
Bitcoin is up by 124% this year, outperforming stocks, bonds, and commodities to take the crown of the best-performing asset class. The world’s largest cryptocurrency had a strong performance in October especially, jumping 29% from its October bottom of $26,752 to end the month around $34,500. BTC has since broken above the $37,000 level in November and is on its way to $38,000. And amidst all these price gains and…
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Cryptocurrencies
Historical past Backs Shopping The Bitcoin Dip Sooner than Halving, Right here’s Why
According to Rekt Capital on X, Bitcoin (BTC), the world’s most valuable crypto by market capitalization, could edge even higher after halting its mining rewards in April 2024. Rekt Capital, a crypto analyst and trader, explains this preview is based primarily on BTC’s historical performance before and after halving mining rewards. Time To Double Down On Bitcoin? As it is, the analyst thinks there could be an opportunity for aggressive traders…
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Cryptocurrencies
Particular Skies: Why Bitcoin Overhead Resistance Is Veteran
Bitcoin price is only at $37,500 — a far cry from former all-time highs around $68,000. However, one visual technical analysis tool could show that overhead resistance is weak, and that the top cryptocurrency could rip right through what’s left. Could BTCUSD be back at all-time highs faster than most are ready for? Bitcoin Price Breaks Above The Monthly Ichimoku Cloud Technical analysts rely on a variety of tools to…
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Cryptocurrencies
Crypto Market Expert Identifies The Spark off For 600% Bitcoin Observe Surge
In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of…
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Cryptocurrencies
Banking On Crypto: Santander Switzerland Supplies Bitcoin, Ethereum Trading To Elite Customers
Santander Private Banking International has recently announced its foray into the crypto market. Catering to its affluent clients in Switzerland, the bank now provides services for trading and investing in leading digital currencies, specifically Bitcoin (BTC) and Ethereum (ETH). This development marks a pivotal shift in the bank’s approach to digital assets, aligning with the growing demand for digital currency services among institutional and private investors. Expanding Cryptocurrency Services The…
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World
Can Shiba Inu cryptocurrency go to 1 cent
(ORDO NEWS) — In the world of cryptocurrencies, the lively debate surrounding Shiba Inu (SHIB) coin, which has attracted the attention of investors and traders due to its low price and potential for growth, continues. The question on many people‘s lips is: when will SHIB reach the 1 cent mark? Created in 2020 as an experimental token on the Ethereum blockchain, Shiba Inu quickly gained momentum in the cryptocurrency community.…
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World
WorldCoin: Why does the system use eye scanning and what is the danger
(ORDO NEWS) — Cryptotrader and hacker Peter Levashov (Peter Severa) shared with REN TV important information about the recently appeared WorldCoin cryptocurrency, which became the object of a possible scandal due to the collection of user identification data, including biometric information. The essence of the scandal is the use of the Orb device, designed to scan the iris of the eye, to identify users. In this case, the scan converts…
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World
The expert analyzed the chart of the Bitcoin
(ORDO NEWS) — CryptoQuant expert analyst Dan Lim predicted further developments on the Bitcoin (BTC) cryptocurrency exchange rate against the US dollar. He looked at the unrealized loss model and noted the breakout of the buy zone. According to the trader, these indicators are very important for understanding what will happen next. He explained that unrealized losses are on-chain data that shows how many bidders are losing money at a…
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World
What is Bitcoin?
(ORDO NEWS) — Bitcoin is a form of digital currency that uses cryptography to secure and verify transactions. It operates independently of a central bank or government and can be used to purchase goods and services online or in-person. Each Bitcoin is a digital token that is stored in a virtual “wallet.” Transactions are recorded on a decentralized public ledger called the blockchain, which allows anyone to see the history…
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News Headlines
Experts have told what will happen to Bitcoin in 2023
(ORDO NEWS) — The emergence of cryptocurrency literally turned the world upside down. This was even more influenced by Bitcoin, the most popular crypto. From year to year there are discussions: is it worth buying a “bitok”? There is a huge amount of predictions and advice on the Internet and among online publications. What will happen to this crypto in 2023? More and more analysts are beginning to say that…
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World
How to understand that your smartphone is infected with a miner
(ORDO NEWS) — Shamil Magomedov, Russian Head of the Department of Intelligent Information Security Systems of the Institute of Cybersecurity and Digital Technologies of the RTU MIREA, explained the danger of infecting a computer with a miner – a virus for mining cryptocurrency at the expense of a user device. According to Magomedov, miners are distributed covertly, on various forums, and you can even get a similar virus on sites…