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Bitcoin

Bitcoin ETF Outflows Exceed $300 Million as Analysts Highlight Critical Price Levels

October 6, 2024 by Arnold Potts

Bitcoin ETF outflows surpass $300m, analysts warn of key price levels In a week marked by global macroeconomic events and escalating geopolitical tensions, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded outflows exceeding $300 million. This significant movement of funds comes …

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IMF Criticizes El Salvador’s Bitcoin Experiment and Calls for Limits on Exposure

October 6, 2024 by Arnold Potts

The International Monetary Fund (IMF) has once again expressed its concerns about El Salvador’s Bitcoin experiment, urging the country to limit its exposure to the cryptocurrency. The IMF’s spokesperson, Julie Kozack, made these remarks during a press conference on Thursday, highlighting the …

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Analyzing the Bitcoin Bull Trend: Insights from an On-Chain Indicator

October 6, 2024 by Arnold Potts

Despite a recent pullback in the price of Bitcoin, an analyst has pointed to data from an on-chain indicator that suggests a bullish trend is still intact for the leading cryptocurrency. The indicator in question is the Bitcoin Coinbase Flow Pulse, which …

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Donald Trump Stands by Silk Road Founder Ross Ulbricht: A Political Move or Genuine Support?

October 5, 2024 by Arnold Potts

Former President Donald Trump has once again reaffirmed his support for the imprisoned Silk Road founder, Ross Ulbricht, who recently began his 12th year in prison. Ulbricht was sentenced to two life sentences plus an additional 40 years without parole for his …

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Bitcoin at a Crossroads: Will October Signal a Bull Run Kickoff?

October 5, 2024 by Arnold Potts

Bitcoin is currently at a critical juncture, with the cryptocurrency trading around $59,400 after a 10% dip from local highs of $66,000. This recent price action has left investors feeling uncertain, with some hopeful for new all-time highs in this cycle. Many …

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IMF Urges El Salvador to Revamp Bitcoin Regulations: What You Need to Know

October 4, 2024 by Arnold Potts

The International Monetary Fund (IMF) has once again renewed its pressure on El Salvador to scale back its Bitcoin policies and overhaul its regulatory framework surrounding the digital asset. During an Oct. 3 press conference, Julie Kozack, director of the IMF’s communications …

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Did Satoshi Nakamoto Conduct a 51% Attack on Bitcoin in 2009?

October 3, 2024 by Arnold Potts

In a recent article published by Coinspeaker, new research suggests that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, may have exploited the network in 2009 by launching a 51% mining attack. This type of attack occurs when an entity or group controls …

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Metaplanet’s Bold Move: $1 Billion Bitcoin Purchase Amid Economic Uncertainty

October 3, 2024 by Arnold Potts

Metaplanet, a Tokyo-listed investment firm, has once again made headlines with its bold move to purchase an additional £1 billion worth of Bitcoin amidst economic uncertainty. This latest acquisition of 107.913 Bitcoin, valued at approximately $7 million, showcases Metaplanet’s commitment to using …

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Impact of Israel-Iran Tension on Crypto Market Rally: Will ‘Uptober’ Survive?

October 2, 2024 by Arnold Potts

The crypto market has been hit with a wave of uncertainty as tensions between Israel and Iran escalate, putting the projected ‘Uptober’ rally at risk. Iran has launched missile attacks against Israel in retaliation for Israel’s actions in Lebanon, including a ground …

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Bitcoin Price Predictions: Mining Executive Forecasts 210% Surge

October 2, 2024 by Arnold Potts

Bitcoin has been making headlines recently as a senior mining executive predicts a significant jump in its price. Zachary Bradford, the CEO of CleanSpark, expects Bitcoin to rise to $200,000 in the next 18 months, representing a 210% increase from its current …

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