Tag: History

Bitcoin rallied on Thursday, but recent history says this pop will fade as well

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Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. On the fundamental side, investors have had lots of seemingly positive developments to hang their hopes on. But looking at the bitcoin chart, it’s been six months since the flagship cryptocurrency hit its record above $73,000 It’s in a listless pattern, drifting to lower and lower highs. Bitcoin has had a lot going for it in that time — stocks have been climbing to new highs, both U.S. presidential candidates have…

‘Worst Airdrop in History’: Hamster Kombat to Reach 131M Users Amid Token Allocation Criticism

Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […] Source CryptoX Portal

Investment Advisors Adopting Bitcoin ETFs Faster That Any Exchange-Traded Fund in History, Says Bitwise CIO

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Bitwise CIO Matt Hougan says that investment advisors are adopting Bitcoin (BTC) exchange-traded funds (ETFs) at a faster rate than any other ETFs in history. Hougan responds to a post on the social media platform X by macro strategist Jim Bianco claiming that investment advisors’ adoption of the Bitcoin ETFs is “small.” According to Hougan, Bianco is not correct. “Jim is wrong here: investment advisors are adopting Bitcoin ETFs faster than any new ETF in history. Let’s look at his own data, focused on IBIT, the BlackRock ETF. Per his…

Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Scottish court makes history with £110k stolen crypto seizure

Scottish prosecutors have made legal history by using proceeds of crime legislation to convert crypto into physical cash. Scottish prosecutors used proceeds of crime legislation to seize £109,601 from John Ross Rennie by converting stolen crypto into physical cash, according to the BBC.  This marks the first instance in Scotland where crypto has been confiscated under such laws. The mastermind behind the crime Rennie, 29, was found with 23.5 Bitcoin (BTC) after a violent robbery in Lanarkshire on March 18, 2020.  During the robbery, a man was forced to transfer…

History and evolution of Bitcoin ATMs

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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 ATMs mark a key moment in digital finance history, reflecting on their evolution and future potential. Bitcoin ATMS are landmarks for the digital writing and public view of a standout amongst the most extraordinary worldwide fiscal designs in sitting memory. A brief background on the historical evolution of Bitcoin ATMs can be helpful in better assessing where we are today and what possibilities lay ahead.  This article explores…

Will History Repeat? What This 3-Year Pattern Mean

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One of the favorite meme coins has again been in the headlines. Recent price action suggests that Dogecoin might probably be bottoming as it sets itself in for what could turn out to be a big bull run. This has market observers looking toward some specific technicals that have signaled price surges in recent weeks. These indicators, marked through green and red lines, are currently penetrating, which raise hopes that the rally could start from the first week of September. Related Reading There are also reasons for optimism stemming from…

New Bitcoin All-Time High? Here’s When, If History Repeats

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Following the Bitcoin price surge back to $64,000, crypto analyst Rekt Capital is predicting a major breakout move in the coming weeks. In a new video analysis, the analyst forecasts a significant market movement around October 2024, based on historical precedents and current chart patterns. Will October Be Bullish For Bitcoin Again? Looking at the weekly chart, Rekt Capital identifies a downtrending channel. Over the past four weeks, BTC has been deviating below this channel, searching for support that would enable a price expansion above the channel’s bottom. This movement…

Opponents of Academic Freedom Get History Wrong

Academic freedom is under assault in the U.S. This attack has included state censorship of educational materials and classroom discussions; bans on initiatives to promote diversity, equity, and inclusion; and proposals to end tenure and faculty governance. Many right-wing officials even embrace the notion that conservatives should capture and reshape higher education to serve hyper-partisan interests, led by appointees who come from outside of academia and are instead loyal to state power holders. In 2023, Virginia Governor Glenn Youngkin directed all of his appointees to university boards to consider themselves…