crypto
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Billionaire entrepreneur Michael Saylor anticipates Bitcoin’s rise, stating in an interview that recognising Bitcoin as an asset class could magnify its value 10 to 100 times. This concept, if realised through financial institutions and ETFs, could elevate Bitcoin to $250K-$2.5M per coin.
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High-yield credit trader Greg Foss forecasted on The Bitcoin Source podcast that Bitcoin could potentially reach a value of $2 million, highlighting the cryptocurrency’s unprecedented growth over the past eight years.
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Paul Tudor Jones, a billionaire and hedge fund leader, is endorsing Bitcoin and gold as viable investments due to potential looming economic challenges, Fed rate hikes, and geopolitical uncertainties. His words echo an increasing interest in these alternative assets amid potential market instability.
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Asset manager Alliance Bernstein predicts a potential $650 billion expansion in Bitcoin and cryptocurrency fund management over the next five years, driven by the introduction of spot Bitcoin ETFs.
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FTX co-founder Gary Wang has revealed that he allegedly altered the FTX exchange code, under Sam Bankman-Fried’s guidance. The changes enabled Alameda Research, an affiliated hedge fund, to borrow limitless amounts from FTX clients from 2019 to 2022. Additionally, Wang discovered in 2021 that Alameda had a $200 million deficit with FTX.
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The Financial Conduct Authority (FCA) has expanded its watchlist, flagging 143 new crypto entities. Notably, this includes renowned cryptocurrency exchanges such as the Huobi-owned HTX and KuCoin. The FCA emphasizes that for firms to service UK customers, acquiring authorization or registration is non-negotiable. A review of the FCA’s records reveals a selective list of firms…
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The Bitcoin ecosystem has seen the Lightning Network grow exponentially, with River Financial being a significant advocate since 2019. The network has witnessed a 1,212% increase in routed transactions since 2021 and successfully routed $78.2m using 5,000 BTC in August 2023. Its increasing adoption by exchanges, forthcoming upgrades, and interest from non-Bitcoin businesses indicate a…
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A former managing director at BlackRock ignited optimism in the crypto community by suggesting that the U.S. SEC could soon approve a Bitcoin spot ETF. This could lead to a massive $17.7 trillion influx from institutional entities into the crypto market. Bitcoin ETFs mirror Bitcoin’s price, allowing investment without purchasing the coin.
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Ruben Galante, a Buenos Aires barber, has chronicled Argentina’s economic journey for over 20 years by recording haircut prices, rising from 15 to 3,000 pesos due to hyperinflation. Despite the country’s economic instability and the high poverty rate, Galante’s records highlight the city’s resilience. Increasingly, solutions like Bitcoin are seen as potential pathways to stability.
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Binance CEO, Changpeng Zhao, popularly known as “CZ”, predicts a prosperous future for Bitcoin. Post the 2024 halving, he expects multiple all-time highs, with a potential peak of $300,000 by 2025. His prediction is grounded on Bitcoin’s historical price increase after halving events and aligns with the bullish sentiment of industry experts.
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OpenAI CEO Sam Altman, on Joe Rogan’s podcast, highlighted Bitcoin’s potential for transformative impact. As the founder of Worldcoin, he sees Bitcoin as a significant step in technological progress. He expressed concern over governmental control over the cryptocurrency and criticized Central Bank Digital Currencies, reinforcing his belief in decentralization. Despite regulatory pressure and incidents like…
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In response to the Texas power crisis caused by extreme heatwaves, Bitcoin mining operations have been reduced by 90% or more daily, reported by the Texas Blockchain Council. This action of Bitcoin miners is aimed to ease the pressured power conditions. Riot Platform, a Bitcoin miner, also received $31.7 million in energy credits from the…
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Adam Back, CEO of Blockstream and a reputable figure in the crypto field, confidently predicts Bitcoin to reach a $100,000 valuation by 2024, undeterred by concerns like the COVID-19 pandemic and conflict in Ukraine that have led to price volatility. His assertions were made in a recent Bloomberg interview.
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Acclaimed rapper Money Man has become an influential player in the crypto industry. Notably, he secured a $1 million deal for his Blockchain album, paid entirely in Bitcoin, pioneering such an arrangement. His exploration of the sector also includes activities with Non-Fungible Tokens and speaking at various crypto conferences.
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Fidelity Digital Assets, a leader in the cryptocurrency sector, has highlighted Bitcoin’s unique potential over other digital assets in a recent study. Bitcoin’s security, decentralization, and predictable issuance rate make it a reliable store of value and the primary monetary good. Future digital assets may struggle to surpass Bitcoin and may face inevitable trade-offs.
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BitMEX founder Arthur Hayes forecasts Bitcoin’s value to soar between $750,000 to $1 million by 2026 in a recent interview. He attributes this impending growth to factors like rising adoption rates, interest from institutional investors, global economic conditions, increasing inflation, and growing skepticism towards central banks.
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Traditional asset management giant, BlackRock, indirectly invested in Bitcoin through an 8.1% stake in MicroStrategy, equivalent to 12,833 Bitcoin. As of June 30, 2023, BlackRock owned 6.71 million shares of MicroStrategy, translating to indirect Bitcoin holdings worth approximately $570 million. This indicates growing institutional acceptance of Bitcoin as mainstream finance and cryptocurrency become increasingly intertwined.
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El Salvador has unveiled its first Bitcoin mining pool, ‘Lava Pool’, powered entirely by renewable energy. The Lava Pool project, a collaboration between Volcano Energy and Luxor Technology Corporation, aims to decentralize Bitcoin’s hashrate while complementing the national energy grid. This initiative underscores their commitment to both technological innovation and sustainability.
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The U.S. Securities and Exchange Commission (SEC) is heightening its legal action against Coinbase, accusing the major cryptocurrency exchange of sidestepping regulations and operating illegally as an unregistered exchange. The SEC insists that most tokens fall under their jurisdiction, while Coinbase contends that it doesn’t deal in securities and urges crypto-specific regulations. The lawsuit’s outcome…
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Fifteen years ago, ‘Satoshi Nakamoto’ unveiled Bitcoin: a peer-to-peer electronic cash system. Famous for its solution to the double-spending problem, Bitcoin disrupted traditional financial norms by enabling direct online transactions without financial institutions.
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Bitcoin’s rising popularity has sparked a need for specialized ASIC miner repair skills. In response, Zeus Mining has launched the ASIC Miner Repair Course (ZMRC), offering training in micro-welding and independent repair techniques. As Bitcoin’s influence grows, the skills provided by the ZMRC are likely to be increasingly sought-after.
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Japan’s growing fondness for Bitcoin and other cryptocurrencies is evident, and Honda’s move may just be the beginning of a paradigm shift in the automotive industry.
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Bitcoin developer Robin Linus has developed BitVM, a method enabling off-chain smart contracts without needing a soft fork. BitVM verifies contract logic on Bitcoin through fraud proofs and challenges, respecting the core protocol. Utilizing a prover-verifier system, the new software introduces a broader computational scope for Bitcoin, going beyond signatures, timelocks, and hash locks. This…
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Robert F. Kennedy Jr. announced his independent candidacy for the 2024 US presidential election, ending his challenge to President Biden in the Democratic primary. Renowned environmental lawyer and Bitcoin advocate Kennedy’s decision has generated significant discussion, especially within the crypto community.
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By mere numbers alone, integrating a #Bitcoin wallet into a major video game console like Xbox could provide a significant boost to Bitcoin’s scaling efforts, bringing Bitcoin closer to mainstream daily use.
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In a time where discussions around Bitcoin are echoing across the globe, Bitcoin stands tall as the “Apex Predator of money,” a term coined by bitcoin enthusiast @danieleripoll. But what does this metaphor really signify? How does Bitcoin maintain a dominion parallel to that of a Great White Shark or a lion in their respective…
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In a hypothetical scenario explored by Matthew Cratter, the financial behemoth, BlackRock, might just be capable of exerting unprecedented influence over Bitcoin by acquiring every Bitcoin mining rig across the globe.
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Rekt Capital’s projection presents an intriguing scenario on the possible future trajectories of Bitcoin. The cyclical nature of Bitcoin’s peaks, tied to its halving events, suggests a predictable pattern in its valuation.
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Bitmain’s $53.9 Million Investment Catalyzes Core Scientific’s Pioneering Blockchain Efforts, Strengthening Bitcoin’s Longevity Core Scientific, Inc. (OTC: CORZQ), a leading entity in blockchain computing data centers and software solutions based in North America, announced a pivotal investment from Bitmain. Bitmain, known globally for manufacturing ASIC Miners, is committing $53.9 million to Core Scientific, exemplifying a…
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Gensler has been vocal about applying US securities laws to cryptocurrencies, emphasizing that such measures would serve to protect investors from potential “fraud and manipulation.”
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Jason P Lowery, a Space Force Guardian and the author of SOFTWAR, shared insightful reflections on LinkedIn regarding the implications in today’s ever-evolving technological landscape, emphasizing the importance of recognizing and appreciating real, transformative innovation like Bitcoin.
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The term “The Digital Ides of March” represents the intersection of Bitcoin’s prospective landmark developments and the historical importance of the Ides of March, a day that marked significant change in society. The financial battleground has been set, with continuous delays of Bitcoin ETFs symbolizing the struggle between regulatory bodies and financial institutions eager to…
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Bitcoin has started the month on a high, marking a 7% surge over the past week and a 3% spike within a 15-minute interval. This month, eagerly labeled as “Uptober” by Bitcoin connoisseurs, not only epitomizes the positive outlook pervading the crypto sphere but also the quintessential hope tied to Bitcoin’s performance throughout October.
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Many critics have questioned the wisdom of companies investing a significant portion of their market capitalization in Bitcoin, given its notorious volatility. However, MicroStrategy’s approach, as highlighted by Max Harvey, demonstrates a strategic advantage that might inspire other companies to follow suit.
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Coinbase’s registration with the Bank of Spain is a testament to the expanding acceptance and recognition of Bitcoin.
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Max Harvey’s assertion that Bitcoin has reached “escape velocity” encapsulates the essence of the currency’s unprecedented growth mechanics.
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Progressive Bitcoin mining operations are embracing sustainable energy sources. In doing so, they’re not just minimizing their carbon footprint, but also showcasing how modern technology can harmoniously co-exist with our planet.
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The strides made by Poldot in Nigeria are reflective of the wider adoption and acceptance of Bitcoin mining across the globe.
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This data clearly demonstrates the increasing value of Bitcoin as a currency. This is a testament to the growing acceptance and trust in Bitcoin as a viable and stable asset.
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In the video tour, Drew Vosk of VoskCoin delves into the various aspects of the BTC immersion mining farm. He learns about the utilization of miners, the braiins OS, Dennis’ custom software monitoring solution, and the process for repairing BTC miners that break and stop working. The video provides valuable insights into the inner workings…
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Singapore-based investment management and SaaS provider firm, SMI Vantage, is gearing up to inaugurate a Bitcoin mining facility in Sarawak, Malaysia.
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Executive Chairman of MicroStrategy Michael Saylor recently participated in a fireside chat with Niko Jilch at BTC23, the largest Bitcoin conference in Germany.
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The lowering of the bitcoin production cost estimate by JPMorgan is a positive development for the industry. As the production cost decreases, the profitability of mining operations increases, making it more attractive for both existing and potential miners
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Analyzing Bitcoin’s resilience amid technical challenges, rising CPI, and growing institutional interest from Deutsche Bank and other financial giants.
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As the Fed continues to navigate the complex economic landscape, experts like Davis suggest that a more dynamic approach, involving quantitative tightening and a reconsideration of rate hikes, may be necessary to ensure stability and growth in the financial system.
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Both Qatar and El Salvador have expressed interest in Bitcoin mining, which could potentially be an area of discussion during the meetings. El Salvador is already harnessing geothermal energy from its volcanoes for Bitcoin mining, while Qatar, being one of the world’s largest producers of natural gas, could explore innovative ways to use its abundant…
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The convergence of Bitcoin and AI represents a pivotal moment in the evolution of technology. As these two revolutionary forces continue to develop and intersect, the potential for transformative advancements in various sectors, including finance, healthcare, and transportation, becomes increasingly apparent.
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The resilience of Bitcoin’s network is set to reach new zeniths as analysts predict global hashrate to achieve all-time highs by the end of the year.
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A recent survey conducted by blockchain tech company ConsenSys in conjunction with YouGov reveals Nigeria as the world’s most cryptocurrency-aware nation.
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Following a noteworthy legal win, Grayscale Investments has fervently petitioned the U.S. Securities and Exchange Commission (SEC) for swift approval of its proposed Spot Bitcoin ETF.
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Time and again, history has spotlighted Bitcoin’s market cap evolution in tandem with the M2 supply’s growth, making it evident that cryptocurrency stands as a bulwark against monetary inflation.
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Historically, September has proven to be a challenging month for Bitcoin enthusiasts. With the September blues looming large, Benjamin Cohen’s recent claim that data points toward a bearish September for Bitcoin only reaffirms this sentiment.
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SEC ETF Decisions Loom, but Musk’s X Forges Ahead with Crypto Payment Permissions.
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In the age of digital disruption, the merging of past philosophies with current innovations offers intriguing perspectives. MicroStrategy CEO, Michael Saylor, recently invoked the image of legendary physicist Albert Einstein in a Twitter post promoting Bitcoin. The visual depicted Einstein holding the iconic cryptocurrency with a suggestive caption, “Einstein would tell you to #Bitcoin.” https://twitter.com/saylor?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor…
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In a pivotal turn for the Bitcoin industry, the U.S. Court of Appeals for the D.C. Circuit has given the green light for bitcoin exchange-traded funds (ETFs), taking a positive stance on the matter. The court’s decision could be a game-changer, as it paves the way for traditional investors to access the world’s most prominent…
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A Surge in Long-Term Holders Amid Market Uncertainty Despite price fluctuations, Bitcoin’s dedicated investor base remains unshaken. Recent data reveals that long-term holders are in it for the long haul, marking an all-time high in unwavering commitment to the cryptocurrency. Holders Sticking Around According to recent data from Bitfinex, Bitcoin’s investor landscape has shown remarkable…
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The Bitcoin network’s protection from hacks, primarily due to the energy exerted by its miners, plays a pivotal role in ensuring its continued dominance. The difficulty of the network, which is a key measure for gauging overall security, is crucial. The market perceives a surge in this difficulty as a positive indicator, hinting at a…
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Historically, the Jackson Hole event has been a potent trigger for market fluctuations. This time around, whether the market steers bullish or bearish is deeply tethered to Powell’s tone – whether it leans hawkish or dovish.
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Bitcoin registered its most significant one-day surge since July, bolstered by central banks’ potential pause in interest-rate hikes.
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The funds are earmarked for its unique mission: curbing methane emissions from landfills and leveraging this latent energy potential. With two operational mining data centers in the US, the company has ambitious plans to introduce a third by early 2024.
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Salalah Free Zone Emerges as Oman’s Epicenter for Bitcoin Mining and Data Hosting As global economies steadily turn their gaze towards digital currencies and blockchain technologies, Oman asserts its presence on the world stage. In a report by the Oman Daily Observer, The Ministry of Transport, Communications, and Information Technology (MTCIT) has unveiled a groundbreaking…
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Is the next generation of Bitcoin mining technology already here?! Quantum Blockchain Technologies has announced a groundbreaking approach, integrating AI techniques to predict blockchain behavior. This isn’t just a minor shift – it’s potentially a REVOLUTION in mining efficiency. 🚀 With potential energy savings and a whopping 260% increase in mining reward probability, we’re witnessing…
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From stable trading to a market downturn, what’s behind #Bitcoin’s abrupt downturn? Is SpaceX the catalyst?
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Tom Lee of Fundstrat shares insights on Bitcoin’s potential price surge in 2024, highlighting the importance of a US spot ETF and the upcoming halving event.
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💡 From skepticism to institutional support, El Salvador’s #Bitcoin Journey is one for the books! 📈
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A glimpse into the future of #Bitcoin spot ETFs: Will the 2024 elections be the game-changer? 📊🔮 #BitcoinETF
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Bitcoin Mining: More than Just Digital Gold Bitcoin’s transformative potential goes beyond being a decentralized currency. Researchers Juan Ignacio Ibanez and Dr. Alexander Freier shed light on how Bitcoin mining might not only support, but significantly bolster the global move toward renewable energy. With its unparalleled benefits in transparency, security, efficiency, and censorship resistance, Bitcoin’s…
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PayPal’s PYUSD Stablecoin is A Noteworthy Venture, But Bitcoin Remains King As the digital currency ecosystem continues to evolve, established giants like PayPal are eager to secure their piece of the crypto pie. The recent launch of $PYUSD, a stablecoin designed to merge the gap between conventional finance and crypto, signals PayPal’s aspirations. But while…
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The Timeless Satire of Futurama Dives into Bitcoin’s Future The renowned animated series Futurama, always a harbinger of witty societal commentary, has taken a humorous stab at the world of cryptocurrencies. As our society grapples with the ever-evolving realm of Bitcoin and its contemporaries, Futurama looks centuries ahead to give us a comedic vision of…
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Second-Quarter Surge: Bitcoin’s Market Share On the Rise In the 2nd quarter of 2023, Bitcoin saw its market share surge by 5.4%. This increase, while significant on its own, comes with insights from top financial institutions that point to an even brighter future for the cryptocurrency. Galaxy Digital’s CEO, Mike Novogratz, has mentioned in the…
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The SEC stands at a crossroads with Bitcoin ETFs. Explore how firms like ARK, BlackRock, and Grayscale play pivotal roles in this transformative phase.
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Bitcoin’s price is holding its ground above the $29K mark, even as the broader cryptocurrency market experiences an atypical period of historically low volatility. The past few days have witnessed Bitcoin’s resilience, with its value fluctuating by a mere 0.2%, as investors and enthusiasts observe with keen interest. The past week has seen little activity…
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Bitcoin showcases a five-year low volatility, marking a stark contrast to its historical behavior. Discover how this stability could influence Bitcoin’s price trajectory in the crypto market.
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Michael Saylor Leads Charge for More Bitcoin Acquisitions Bitcoin advocate and business magnate, Michael Saylor, known for his bullish sentiment on the digital asset, hinted at a further acquisition of Bitcoin, affirming the strategy that has brought considerable returns to his company, MicroStrategy, over the past three years. MicroStrategy, as of July 31, boasted a…
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A New York Federal Judge rejects the security distinction set by Ripple Labs, ruling that cryptocurrency can be classified as securities.
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Discover the ongoing legal battle between the SEC and Coinbase, and how Bitcoin stands strong amidst regulatory challenges. The SEC wants Coinbase to delist all but one crypto token. Guess which one?
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From LinkedIn discussions to official strategies, this article unveils the challenges the DoD faces in tech modernization and talent retention, and how it impacts national security in the digital age.
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Elon Musk continues his foray into the future of finance with a landmark announcement that may well introduce Bitcoin and other cryptocurrencies to the massive user base of X.com. Musk’s vision for X.com mirrors the overall functionality of China’s WeChat, with no American equivalent yet in sight. The multi-purpose platform is projected to offer everything…
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In the face-off between Bitcoin and XRP, discover why Bitcoin continues to lead the cryptocurrency market. Despite Ripple’s innovative approach, it falls short due to its lack of decentralization, compromised security, and inability to match Bitcoin’s powerful Proof of Work system. Bitcoin’s wave dwarfs Ripple’s ripples in the vast ocean of digital currency
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On Saturday, July 22, Early-morning price escalations seemed promising for Bitcoin, but the price later reverted to the hourly support level of 29,727.90 by the afternoon, indicating a potential bearish turn in the local chart.
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“Veteran cryptocurrency journalist Pete Rizzo questions the relevancy of Bitcoin’s Stock-to-Flow (S2F) model, challenging its creator, PlanB. Explore the controversy here.”
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Dive into Kennedy’s revolutionary Bitcoin-focused policies and their implications for future financial stability, economic growth, and technological innovation in the U.S.
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The case for reparations for slavery in America is a complex and multifaceted issue, with numerous arguments in favor of (and against) the idea. Whether you agree or not any form of benefits should be further appropriated to the black caucus, there is a clear and significant wealth gap between Black and White Americans, which…
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To the aspiring bitcoiner, Here’s some advice on how to get a job in the bitcoin sector: 1. Understand your purpose. The truth is that some people don’t understand the importance of the first and only digital monetary network in which you can exchange value on a global scale instantaneously without the need for permission…
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Imagine for a moment that you’re playing GTA 6 (is it still coming out?) and you’re online with your virtual gang, successfully pillaging and plundering all of the Grand Theft Auto metaverse. You pull out your newly minted non-fungible draco and point it at a less equipped online participant. They don’t have any weapons, so…
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It’s already a difficult enough project for humans to set foot on mars, let alone establish commerce there. In order to establish a successful economy on Mars, we need a currency that’s easily transferable, fast, and secure. It’s only a matter of time until inflation takes hold of the Red Planet and humans are buying…
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There is a new global civil rights movement that aims to protect the sovereignty of all human beings. The philosophical ideology of non-violent resistance was utilized by Martin Luther King to pass the Civil Rights Act of 1964. Non-violent resistance became a sociopolitical trend afterward. Civil Rights leaders all over the nation peacefully boycotted and…
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Bitcoin is a philosophical, cryptographic commodity in mathematical form. It’s probably the greatest invention of our lifetime. For the first time ever, humans have the ability to take their wealth with them anywhere in the world. Bitcoin is a game that will never end. If you ask most blockchain “experts” they will tell you that…
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Highlights: The hashrate to price ratio may end up being one of the most frequently cited charts to determine whether bitcoin is in a bull or bear market. And The emergence of the latest generation of bitcoin mining technology is a signal that the bitcoin price will remain high. In short, modern bitcoin mining consists…
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Key Takeaways: – There are administrative elements within the Bitcoin protocol that can be installed in corporate policy to enhance employee efficiency. – Installing decentralized policies can increase work-life morale, transparency, and individual autonomy in the workplace. – Decentralization of intelligence can potentially increase employee performance. – There are potential benefits to enabling employees to…
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Although there is a constant circuit of negligence on the global consensus of Bitcoin’s regulatory framework, the digital currency continues to hold the potential to positively impact the free market. Europe has taken giant steps forward towards progressive regulation. The European Union will install new legislation entitled MiCA (“Markets in Crypto-Assets”), which aims to implement…
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Since it’s inception, there’s been a lot of fear, uncertainty and doubt regarding the true value of bitcoin. One of the latest controversial statements was stated by Cornell University Professor Eswar Prissad, who claims that, while the blockchain technology underlying bitcoin has real use – case, bitcoin itself “may not last that much longer.” “Given…
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Ordinal inscriptions have continued to surge in popularity on the bitcoin blockchain in recent months, with over 520,000 inscriptions recorded as of March 21, 2023. Ordinal inscriptions enable the embedding of arbitrary data onto the blockchain, such as text, photos, music, video, and applications. Ordinals: The Original NFT Unbeknownst to many, Bitcoin ordinals are as…
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You will spend your whole life trying to own high-maintenance physical property when you could have just bought bitcoin. The United States government can take your property from you for any reason or no reason at all (i.e. imminent domain). Whether you rent a house or buy a house, the utility of the home is…
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What if acclaimed writer Robert Greene wrote a book about Bitcoin? I’m not sure exactly what he would write. But I’m sure his title would look something like: “The 21 Laws of Bitcoin: An Intellectual Guide To Understanding Bitcoin.” This is an intellectual guide that provides essential ideas for understanding Bitcoin’s value. It also emphasizes the significance…
Bitcoin Versus 