Monthly archives: November 2024

Growing DeFi on Bitcoin: Rooch Network joins Cointelegraph Accelerator

Rooch Network, an application layer for Bitcoin featuring MoveVM and Bitcoin staking, has become the latest participant of Cointelegraph Accelerator. CT Accelerator COINTELEGRAPH IN YOUR SOCIAL FEED Cointelegraph has announced that Rooch Network, a blockchain project building a native application layer for the Bitcoin ecosystem, has joined the Cointelegraph Accelerator program. Bitcoin (BTC) was conceived …

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With Trump’s Victory BitconeMine Doubles Mining Rigs to Make It Easier to Get Bitcoin

BitconeMine is the most advanced cryptocurrency cloud mining service platform that uses smart chip integrated ASIC + AI technology for mining. BitconeMine uses GPU-AI smart chip integrated ASIC to maximize the energy of ASIC mining equipment, improve performance and efficiency, and reduce hardware costs. Let every participant benefit from cloud mining and become a leader …

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‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin

An analyst known as a “Master Trader” on the crypto exchange Bybit believes that furious rallies are in sight for the top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 287,200 followers on the social media platform X that DOGE looks incredibly bullish after breaking out from an Adam and Eve double-bottom pattern against Bitcoin …

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Crypto inflows hit $1.98B amid post-election momentum

The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date. News COINTELEGRAPH IN YOUR SOCIAL FEED Cryptocurrency investors continued pouring massive inflows into digital investment products last week amid post-election market momentum. Crypto investment products saw $1.98 billion …

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Bitcoin could be one upgrade away from overtaking Ethereum DeFi

 A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future.  Analysis COINTELEGRAPH IN YOUR SOCIAL FEED A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new …

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Ethereum Name Service Unveils “Namechain” Layer-2 Network Plans

TLDR ENS Labs is launching “Namechain,” its own layer-2 blockchain using zero-knowledge rollups Expected launch date is end of 2025 Will integrate with existing zkEVM infrastructure (final selection pending) Part of larger ENSv2 protocol overhaul with backward compatibility Aims to reduce transaction costs while maintaining Ethereum security ENS Labs, the company behind the Ethereum Name …

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Ethereum Reaches $3,200 Mark as Whale Activity Increases

TLDR ETH price surged approximately 29% to reach $3,200 Justin Sun deposited 19,000 ETH ($60.83M) to HTX exchange Early ETH ICO participant reactivated after 3 years, moved 1,555 ETH to Coinbase Major whale moved 46,853 ETH for $138.8M USDC since November 7 ETH market cap approaching $400 billion with strong network activity Ethereum has marked …

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Andreessen Horowitz (a16z) calls Donald Trump reelection ‘significant’ for US crypto industry

Venture capital firm Andreessen Horowitz (a16z) views Donald Trump‘s reelection as a significant catalyst for the US crypto industry. In a Nov. 11 post, firm leaders Miles Jennings, Brian Quintenz, and Michele Korver shared their optimism that this political shift could bolster bipartisan efforts and open doors for US-led crypto innovation on a global scale. …

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FTX sues Binance and Changpeng Zhao for $1.8 billion over alleged financial sabotage

Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim approximately $1.8 billion. According to a Nov. 10 court filing, FTX alleges a complex series of actions that contributed to its financial downfall, placing Binance’s early involvement and Zhao’s actions in the spotlight. So, through this …

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Bitcoin’s new all-time high is $82,087 after bullish weekend

[Update: Title and price – within 45 minutes of publication, Bitcoin formed the 12th all-time high of the week, breaking $82,000] Bitcoin reached a new all-time high of $81,846 on Monday, extending its rally following Donald Trump’s victory in the US presidential election. Bitcoin has surged over 17% in the past week, fueled by optimism …

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Billionaire Investor Stanley Druckenmiller: ‘We Have a Reckoning’

Stanley Druckenmiller has warned about the pernicious effects of the budget deficit and the growth of U.S. public debt. The investor stated that the country faces a reckoning, but timing it is difficult due to several factors. Stanley Druckenmiller on U.S. Debt: ‘We Have a Reckoning’ The U.S. debt situation, which has surpassed the $35 …

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Bitcoin Surges Past $82,000, Setting New All-Time High

Bitcoin has crossed the $82,000 mark, setting a new all-time high and capturing the attention of investors and analysts alike. Surpassing its previous peak above the $81K range, this milestone highlights bitcoin’s enduring appeal amid renewed interest in digital assets. Bitcoin Skyrockets to $82,000 Current bitcoin (BTC) market indicators continue to signal strength, with the …

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Dogecoin Soars Over 80% to Become Sixth Most Valuable Cryptocurrency

Dogecoin (DOGE) has surged to become the sixth most valuable cryptocurrency, experiencing an impressive 80% increase in just seven days. The popular meme-inspired digital currency has surpassed Ripple’s XRP and USDC, achieving a market capitalization of over $41 billion, with a staggering daily trading volume exceeding $20 billion. At its peak, dogecoin’s price reached as …

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VanEck CEO Unveils Massive Price Target for Bitcoin (BTC), Says Ethereum (ETH) Will Be Big Winner

The chief executive of exchange-traded fund (ETF) issuer VanEck is revealing his price target for Bitcoin (BTC) while updating his outlook on Ethereum (ETH). In a new interview with CNBC Television, Jan Van Eck says he sees Bitcoin’s market cap catching up to that of gold, pushing BTC’s price well above a quarter of a …

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How a ‘No Questions Asked’ Crypto Scheme Became a Federal Target

A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017 to 2020, knowingly processing funds for criminals, including a meth dealer and romance scam …

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