cryptonews222

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How The Police Apprehended Silk Road's 50,000 Bitcoin Thief

Two years after James Zhong was apprehended for stealing 50,000 bitcoins (BTC) from the dark web marketplace Silk Road in 2012, stories of events that led to his arrest have emerged. According to a CNBC report, Zhong was a computer expert who lived a luxurious life. He drove expensive cars, including a Tesla, partied a lot, stayed at fancy hotels, shopped at luxury stores, and lived in a modest…

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LINK, APT, AAVE Soar by Double Digits, BTC Flirts With $30K (Weekend Watch)

Bitcoin kept putting the pressure on and tapped a new multi-month peak at $30,400 hours ago but has lost some ground and currently sits just under the coveted $30,000 mark. The altcoins are mostly in the green again, with LINK, APT, and AAVE emerging as today’s top performers with notable double-digit price pumps. BTC at $30K Bitcoin pumped and dumped hard on Monday amid false news that the US…

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Bitcoin SV Erects A Solid 64% Growth In Just A Week

Following its inclusion in Binance’s futures trading options, one of the top global cryptocurrency exchanges, Bitcoin SV (BSV) saw a significant 64% gain in value this week. After splitting out from Bitcoin Cash (BCH) in late 2018, BSV is now trading at $54.02, a significant increase from $34.08 just a week earlier. On Saturday, BSV reached a significant peak of over $58 on prominent spot…

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Can Bitcoin (BTC) Surpass $70,000 In The Next 6 Months? Analyst Provides Answers

The recent surge in Bitcoin’s price over the weekend caught many market observers by surprise. The alpha coin marked a 1.5% gain in the last 24 hours, bringing Bitcoin’s value above the psychologically important $30,000 threshold, which also serves as a key resistance level. At the time of writing, Bitcoin was trading at $30,154, up 12% in the last seven days, data from crypto market tracker…

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Here's When the SEC Will Approve a Spot Bitcoin ETF According to Major Bank

Wall Street analysts at JPMorgan and Bloomberg Intelligence made the prediction in a report out Wednesday. The note said it is “most likely” the SEC will approve a Bitcoin ETF before January 10, 2024. They expect the U.S. Securities and Exchange Commission to approve a Bitcoin ETF sometime soon despite its misgivings about cryptocurrency. “Bitcoin ETFs will arrive in a few months,” JPMorgan…

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Coinbase reveals reasons behind recent bridge hacks in crypto

Coinbase’s Institutional research team notes many bridge hacks occurred due to the complexities around source chain commit and cross-chain relay. Cyber incidents related to cross-chain bridges are likely to decrease in the foreseeable future as many protocols continue adopting rollup solutions alongside increased scrutiny on secure designs. According to Coinbase Institutional’s recent research…

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Safe Havens? Bitcoin and Gold Soared to Multi-Month Highs Amid Ongoing Conflicts (Market Watch)

Bitcoin’s price went on the offensive once more in the past 24 hours and soared above $30,000 to chart its highest price point since July. Several altcoins are well in the green as well, with SOL stealing the show after another 5% daily surge. BTC and Gold Jump in Price The primary cryptocurrency dumped hard less than ten days ago when it slumped to $26,500 amid the ongoing war between Israel and…

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Hong Kong securities regulator updates crypto policies, citing market developments

The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry.”  In an Oct. 20 notice, the SFC said that under the updated guidelines, certain virtual currency products will only be available to professional investors. In addition, intermediaries…

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Solana and Decentraland whales are actively exploring this new crypto project

Investors, especially those well-versed in the crypto landscape, keep a keen eye on emerging projects that promise innovation and returns on investment. Presently, Solana (SOL) and Decentraland (MANA) whales are exploring InQubeta (QUBE). Meanwhile, the new crypto project is gaining traction due to its features and growth potential. InQubeta is a global crowdfunding platform focusing on…

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Bitcoin Beats Ripple (XRP), Ethereum (ETH), and Dogecoin (DOGE) in Terms of Average Holding Time

TL;DR Bitcoin is typically held for 4.2 years, while Ether and Dogecoin averages are around 2 years. Long-term Bitcoin holders can see significant gains, with some experiencing up to a 15x return from 2017 to 2021. Bitcoin’s price recently tapped $30,000, with expectations of future rallies. Investing in cryptocurrencies, particularly Bitcoin (BTC), could turn out to be a successful strategy,…

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Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker

Crypto-friendly Republican Congressman Tom Emmer is pursuing a nomination to become House speaker, with the 62-year-old receiving endorsement from multiple lawmakers. Congressman Patrick McHenry continues to oversee the position on an interim basis, following a first round of voting on Oct. 17 in which the Republican Party’s nominee for Speaker, Jim Jordan, failed to secure votes to overtake the…

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Bitdeer to buy back shares worth up to $2m

Singapore-based Bitcoin (BTC) mining company Bitdeer Technologies wants to buy back its shares for up to $2 million. The Nasdaq-listed firm’s board of directors approved a new share repurchase program effective until April 17, 2024, the statement said. The program provides the opportunity to repurchase shares in a number of ways. Those include “open market transactions, privately negotiated…

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Circle Launches USDC Stablecoin On Polkadot Network

Stablecoin issuer Circle has launched the USD Coin (USDC) on the Polkadot network, expanding the token’s native operations to 14 blockchain networks, including Ethereum, Solana, Avalanche, etc.  According to a blog post by Circle on September 19, all developers and users of the Polkadot network can now natively access the USDC token without needing a bridge. What To Know About Polkadot USDC? The…

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Animoca CEO invites Ethereum's creator to Hong Kong

Yat Siu, founder of Animoca Brands, offered to fly Vitalik Buterin to Hong Kong and act as his tour guide to help navigate the city-state’s crypto regulatory landscape after Buterin shared doubts about long-lasting policies. Animoca’s chief executive dispelled claims that the relationship with Beijing could hamper regulatory stability and disrupt crypto-friendly policies in the near future. Siu…

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Shibarium Indicator Spikes by Over 530% in 24 Hours

The recently launched layer-2 scaling solution of Shiba Inu – Shibarium – continues to gain steam, witnessing transaction growth and achieving new milestones on a regular basis. In the lines below, we will touch upon the latest development that occurred on the network. Shibarium Saw a 530% Increase in Newly Verified Contracts According to Shibariumscan data, the total number of newly verified…

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Elon Musk Wants To Deter X Bots With New Pay Service, Is Dogecoin Involved?

Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to eliminate bots from the X (formerly Twitter) platform after acquiring it back in 2022 for $54 billion. With multiple measures already put in place still not efficiently reducing the number of bots on the platform, Musk has moved on to a new strategy that involves paying to use X. But does Dogecoin fit into the payment…

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How Bitcoin miners can survive a hostile market — and the 2024 halving

Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin’s halving is a high-profile event for crypto investors, and has historically led to an increase in Bitcoin’s price. However, its impact on the mining industry is a more complex issue. It reduces…