Day: October 17, 2024

FBI arrests ‘AGiantSchnauzer’, the Alabama man behind SEC Bitcoin hack

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Eric Council Jr., a 25-year-old from Athens, Alabama, was arrested in connection with the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. Council’s hack resulted in the false pretense that the SEC had approved Bitcoin exchange-traded funds, leading to a sharp spike in the value of Bitcoin (BTC).  Council has been charged with conspiracy to commit aggravated identity theft and access device fraud. He is set to make his first court appearance in the Northern District of Alabama. From SIM swap to market manipulation According to…

Bitcoin-focused protocol Surge nabs $1.8m to bring Move-based rollups

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Bitcoin protocol Surge has raised $1.8 million in pre-seed funding to solve the network’s scalability issues. As the Bitcoin (BTC) ecosystem keeps facing unresolved scalability challenges, startups keep searching for a solution that would open doors for billions worth of dollars in liquidity from the decentralized finance space. Surge, a Bitcoin-centric protocol developed to unlock the BTCfi economy, has bagged $1.8 million in pre-seed funding to unlock the cryptocurrency’s “full potential as a global currency and a base layer for innovation,” per a press release shared with crypto.news. Supported by…

Is $100,000 Bitcoin Possible? Analyst Breaks Down Major Catalysts

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Este artículo también está disponible en español. As Bitcoin (BTC) edges closer to the $70,000 mark, the crypto community is abuzz with predictions of a potential surge to $100,000, accompanied by a significant altcoin season. Amidst this fervor, crypto analyst Axel Bitblaze has provided an analysis on X, examining whether the necessary liquidity and catalysts are in place to propel Bitcoin to such heights. Bitblaze emphasizes the fundamental role of liquidity in the crypto market. Drawing parallels to previous bull runs, he notes, “Our space is fully driven by just…

$20B Flows Into Bitcoin ETFs Since January – Wednesday’s Top Players Revealed

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On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another high-activity trading session, pulling in $458.54 million in gains. Meanwhile, ether ETFs also saw inflows, with $24.22 million moving into the nine funds. U.S. Bitcoin and Ether ETFs Absorb Millions – A Key Shift in Market Dynamics Data from sosovalue.xyz showed that $458.54 million was […] Original

Whales are loading up on these 5 altcoins in anticipation of Bitcoin’s $70K breakout

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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. As Bitcoin approaches $70,000, influential investors are quietly accumulating select altcoins, hinting at significant market shifts. Influential investors are quietly accumulating select altcoins as Bitcoin edges closer to the $70,000 mark. Their strategic moves hint at anticipation of significant market shifts. Which cryptocurrencies are drawing their attention, and why now? The recent activity suggests these investors foresee notable opportunities in specific digital assets, potentially signaling upcoming trends in the…

What Financial Advisors Need to Know About Spot ETFs, Federal Policy, and Future Growth

Longer term, these assets represent, in the eyes of many, the future of finance. Bitcoin has a unique position here, as the largest, oldest, and, in many ways, simplest cryptocurrency. It exists mainly just to be sent from one address to another, with constrained supply, a 15-year track record of security and a powerful network. It is a store of value, one that is still young and under-adopted but one that has faced and survived anything the global financial universe has thrown at it. It remains a great place to…

Analyst Says This Bitcoin Price Rally Has A ‘Different Ring To It’, Places Next Target At $109,000

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Este artículo también está disponible en español. A new Bitcoin price target has been set at $109,000, with an analyst predicting that the pioneer cryptocurrency could surge to this projected level before the end of the year. This bullish forecast comes as Bitcoin experiences new momentum that has pushed its price well above $67,000.   New Bitcoin Target Set At $109,000 A Bitcoin technical analyst identified as ‘CryptoCon’ has taken to X (formerly Twitter) to unveil his bullish prediction for the Bitcoin price. While many analysts believe that this Q4 is…