Month: August 2024

Bitcoin price could rise as exchange reserves hit 2024 lows

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Bitcoin price held steady above $60,000 on Thursday, Aug. 29, even as its exchange-traded funds saw two consecutive days of outflows. Data from SoSoValue shows that Bitcoin (BTC) ETFs lost $105.19 million in assets on Wednesday after shedding $127 million the previous day. These funds have accumulated $17.85 billion in assets, with most of the money coming from institutional investors. Bitcoin has several catalysts that could push it higher in the long term, as was reported earlier this week.  Another potential catalyst is that the amount of coins held in…

Expert Reveals 4 Reasons To Be Bullish On Q4

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In his latest market analysis titled “Sugar High”, BitMEX founder Arthur Hayes lists four reasons to be bullish on Bitcoin and the broader crypto market in the final quarter of 2024. Hayes opens his analysis with a metaphorical comparison of his skiing diet to the fiscal approaches of major central banks. He likens quick energy snacks to short-term monetary policy adjustments, particularly the interest rate cuts by the US Federal Reserve, the Bank of England, and the European Central Bank. These cuts, he argues, are like “sugar highs”—they boost asset…

Art Is Not a Security

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law. Source

Market Dip Translates To 18% Losses

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump

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On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […] Original

Bitcoin Price (BTC) Gained 1.5% While Ether Price (ETH) Rose 1.8%

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DOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage

CoinspeakerDOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage The recent market downturn might be ending for a new meme coin on The Open Network (TON). DOGS, a meme coin created by Telegram founder Pavel Durov, saw a significant 25% price increase on Thursday. The DOGS impressive rise followed a large airdrop and listings on major crypto exchanges such as Binance, OKX, and Bybit. DOGS Airdrop Strains TON Network Capacity DOGS, with its airdrop of 440 billion tokens out of a total supply of 550 billion, effectively grabbed user…