Month: June 2024

Bitcoin.com announces $10k giveaway in Coinpoker freeroll tournament

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin.com hosts $10K (USDT) poker tourney on CoinPoker, free to join. Bitcoin.com recently announced it is hosting a $10K (USDT) free-to-enter poker tournament on CoinPoker. The event will occur at 7 pm GMT on June 16th. You can gain entry with the code BITCOIN2024!  How to enter bitcoin.com freeroll poker tournament The steps below outline how to join the Bitcoin.com poker giveaway. Create a free account on coinpoker.com/register. No…

Bitcoin (BTC) Price Plummets to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

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The Federal Reserve this Wednesday projected only one rate cut for this year, less than the central bank’s previous forecast, dashing investor hope for looser monetary policy coming this summer. Political uncertainty in Europe with a snap election being called in France also pushed the U.S. dollar index (DXY) higher against other major currencies to its strongest level in more than a month, putting pressure on bitcoin. Original

Global ETF market could hit $35 trillion by 2035

The global Exchange-Traded Fund (ETF) market could witness some remarkable growth over the next decade. Assets in the global ETF are projected to reach $35 trillion by 2035, tripling from their current $13 trillion. This prediction comes from Eric Balchunas, Senior ETF Analyst for Binance. “[ETFs] low-costs, intra-day liq, tax efficiency, flexibility etc. will continue to attract investor cash (and traders’ volume) which will result in more new products, innovative designs and more salespeople,” Balchunas posted on X. This forecast is based on a conservative 10% compound annual growth rate…

What are PolitiFi Tokens? Are they better investments than PEPE, DOGE and SHIB?

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The cryptocurrency landscape has continually evolved, with new niches and innovative tokens emerging to cater to specific interests and communities. One such niche gaining traction is the PolitiFi token sector, which blends political engagement with the dynamic world of crypto. Among these tokens, MAGA VP ($MVP) stands out, capturing the interest of both political enthusiasts and crypto investors. Understanding PolitiFi Tokens PolitiFi tokens are designed to integrate political themes and movements into the cryptocurrency ecosystem, offering unique opportunities for engagement and investment. These tokens often align with specific political ideologies…

Analyst Who Correctly Predicted Bitcoin’s Surge And Crash Reveals Where Price Is Headed Next

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Crypto analyst TechDev has provided insights into the Bitcoin future trajectory. The analyst suggested that the flagship crypto has yet to reach its full potential in this market cycle and that more price surges lie ahead for the crypto token.   Not Yet Time For A Bitcoin Blowoff Top TechDev remarked in an X (formerly Twitter) post that the Bitcoin blowoff tops only happen after the four-week Chaikin money flow (CMF) breaks a line he highlighted on the accompanying chart. His analysis suggests that Bitcoin is still bound to make a…

US Bitcoin ETFs Record $226M in Outflows, Fidelity Led the Pack With $106M Exiting

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline on Thursday, with $226.21 million in outflows recorded during the trading sessions. Fidelity’s FBTC saw the largest outflows, with $106 million exiting the fund. Massive Outflows Strike U.S. Bitcoin ETFs On Wednesday, the 11 spot bitcoin ETFs attracted $100.8 million, but on Thursday, they faced net […] Original

Statement in response to Meta’s plans to train generative AI with user data

Stephen Almond, Executive Director, Regulatory Risk at the ICO, said:  “We are pleased that Meta has reflected on the concerns we shared from users of their service in the UK, and responded to our request to pause and review plans to use Facebook and Instagram user data to train generative AI. “In order to get the most out of generative AI and the opportunities it brings, it is crucial that the public can trust that their privacy rights will be respected from the outset. “We will continue to monitor major…

Rebound To End 1-Day Bearish Move?

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Despite the dominant bearish trend in the market, the well-known meme-based cryptocurrency Dogecoin (DOGE) is making an effort to recover. This unanticipated upward trend occurs even though sentiment and general market conditions are still primarily negative. Traders and investors are keeping a careful eye on the situation as DOGE attempts to make up some lost ground, trying to decipher what this possible turnaround might mean. Several factors could be driving this attempt at recovery, including market reactions to news events, changes in investor sentiment, or technical indicators signaling oversold conditions.…