Bitcoin may strengthen its status as a hedge against monetary debasement due to China’s plans for over $1.4 trillion in new debt, raising interest among traders. Read More at https://cointelegraph.com/news/chinas-growing-debt-bitcoin-buying-opportunity-arthur-hayes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: October 2024
Bitcoin open interest nears $23B as analyst warns of BTC price euphoria
BTC price gains are boosting bullish sentiment, but the latest Bitcoin market analysis calls for a balanced perspective. Read More at https://cointelegraph.com/news/bitcoin-open-interest-23b-analyst-warns-btc-price-euphoria?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase CEO wants next SEC chair to apologize for ‘damage’ done
Coinbase CEO Brian Armstrong believes that an apology is owed to Americans for the damage done by the SEC to the crypto space. Read More at https://cointelegraph.com/news/coinbase-armstrong-sec-criticism-united-states-elections?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s path to $80,000 fueled by bullish derivatives trends
Bitcoin derivatives markets are setting up for a potential BTC rally above $80,000 before the end of 2024, fueled by excitement over a potential Trump victory. Read More at https://cointelegraph.com/news/bitcoin-80k-derivatives-signal-98-bitcoin-holders-profit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
ARK Invest sells $31M in shares of Jack Dorsey’s Block
Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, coming in line with bullish market action. Read More at https://cointelegraph.com/news/cathie-wood-ark-sell-31-million-block-stock?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin bulls charge toward $72K as analysts set 6-figure BTC price targets
If Bitcoin produces a clear move above $72,000, its price could be in the six-figure range by 2025, the latest market analysts suggests. Read More at https://cointelegraph.com/news/bitcoin-bulls-toward-72k-analysts-six-figure-btc-price-targets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Canadians wary of adopting digital dollar, Bank of Canada finds
The Bank of Canada’s research revealed mixed views on the digital Canadian dollar and highlighted Canadians’ enduring trust in cash and card payments. Read More at https://cointelegraph.com/news/canadian-skepticism-digital-dollar?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Over 60% of crypto investors in Indonesia are under 30
The total volume of crypto transactions in Indonesia reached 33.67 trillion Indonesian rupiahs, worth $2.1 billion, in September. Read More at https://cointelegraph.com/news/over-60-percent-indonesia-crypto-investors-under-30?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Truth Terminal founder’s X account hacked to shill scam memecoin
The hackers responsible for shilling the sham memecoin from Ayrey’s account made off with over $600,000 in ill-gotten gains. Read More at https://cointelegraph.com/news/truth-terminal-founder-x-account-hacked-promotes-scam-memecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Researchers claim computational model can mimic human cognition
Researchers say the new computational model can “simulate and predict” human behavior in any domain, something they claim will help fast-track new scientific discoveries. Read More at https://cointelegraph.com/news/researchers-say-ai-model-can-copy-human-neural-cognition?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound