Coins▪︎Trading▪︎Crypto News

2024-05-17 08:56:13 Bitcoin power-law model projects $100k value before January 2025

The Bitcoin (BTC) Power-Law Model, coined by Giovanni Santostasi, provides a mathematical description of BTC’s price movements, revealing a power-law distribution on a log-log scale. However, its predictive capabilities for future price movements are limited due to the absence of assumptions about broader markets and external factors. While it is an excellent indicator of BTC’s past growth, its effectiveness in forecasting future price trends is constrained.

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2024-05-16 19:27:59 QCP expects current momentum to push the bitcoin price back to all-time highs

QCP Capital today stated that it expects the price of bitcoin to ride back to the highs of $74,000 after the latest Consumer Price Index print in the United States saw risk assets surge yesterday. "We expect bullish momentum here that could take us back to the highs of 74k," the institutional-focused firm wrote in the Telegram channel QCP Broadcast, citing buy-side demand.

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2024-05-16 09:51:29 El Salvador mined 474 bitcoin since 2021 using volcanic geothermal power, bringing total BTC to 5,750: report

El Salvador has mined 474 bitcoin since 2021 using geothermal power fueled by the Tecapa volcano. The mined coins bring the country's total bitcoin holdings to 5,750, worth about $380 million at current prices, Reuters reports. Nayib Bukele, El Salvador's pro-Bitcoin president, who won a second term in February 2024, implemented 300 new processors powered by volcanic geothermal energy.

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2024-05-15 21:28:56 Vanguard appoints Bitcoin-friendly former BlackRock ETF lead as CEO

Investment management firm Vanguard has confirmed the appointment of Bitcoin-friendly former BlackRock executive Salim Ramji as its new CEO and member of the board, effective July 8. Ramji, who has 25 years of experience in the industry, previously led BlackRock’s global exchange-traded fund business, overseeing the launch of its IBIT spot bitcoin ETF in the U.S However, he left the firm in January to “seek a new leadership or entrepreneurial opportunity outside the firm.”.

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2024-05-14 18:55:00 OKX officially launches crypto exchange in Australia

OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs.

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2024-05-14 08:59:58 President Joe Biden blocks Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base

President Joe Biden issued an order blocking a China-majority-owned crypto mining company from having property close to an Air Force base in Wyoming, citing national security risks concerns. Biden further required the divestment of the property, which is one mile from the missile base Francis E. Warren Air Force Base, according to a statement released Monday from the U.S. Treasury Department.

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2024-05-13 22:39:24 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana!

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2024-05-13 21:56:21 Ethereum has been increasingly inflationary for over a month as fees hit all-time low

Since Ethereum moved from proof-of-work to proof-of-stake in 2022, it has become a deflationary asset. The total circulating supply of Ethereum (ETH) currently stands at 120,105,358 ETH, representing a 415,680 ETH decrease from the supply levels observed before The Merge. Ethereum’s supply dynamics have shifted, with 35,548.72 ETH being burned (removed from circulation) and 75,072.43 ETH being issued as block rewards to validators.

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2024-05-12 20:58:37 Crypto Is A Major Election Issue For 20% Of Voters: DCG Survey

Crypto is emerging as a hot topic in the U.S. presidential election this year, with many voters looking forward to hearing their candidates takes on the asset class. Per a Digital Currency Group (DCG) survey of 1201 registered voters conducted last month, about one in five voters view crypto as a major issue in the 2024 election. Roughly 40% of voters said they want their candidates to talk more about crypto, with most respondents agreeing that crypto regulation needed an “overhaul.”.

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2024-05-11 20:15:19 Phishing Group Returns Stolen Crypto Worth $66.88M to Victim, Collects Bounty!

The phishing group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has made amends by returning all 22,960 Ethereum (ETH) worth approximately $66.88 million to the victim’s address. The phishing incident had initially sent shockwaves through the cryptocurrency community, as hackers managed to infiltrate hundreds of addresses and siphon off substantial sums of digital assets. However, the victim, whose identity remains undisclosed, took swift action and engaged with the perpetrators to negotiate the return of the stolen funds.

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