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Category: Bitcoin News

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Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes

October 24, 2024 Bitcoin News

Bitcoin’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting. In the coming…

Bitcoin

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

October 24, 2024 Bitcoin News

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could…

Bitcoin

Election Day Drama Won’t Be the Only Major Event in November – Here’s Why

October 24, 2024 Bitcoin News

With only 15 days left until the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, it’s scheduled to follow just two days after the U.S. election on Nov. 7. As of now, market forecasts via CME Group’s Fedwatch tool…

Bitcoin

QCP Capital Analysts Highlight Impact of US Elections on Crypto Markets

October 24, 2024 Bitcoin News

QCP Capital’s latest market update highlights the influence of the upcoming U.S. elections on financial markets, with a particular focus on cryptocurrencies like bitcoin (BTC). Analysts predict increased volatility as the elections near, with potential outcomes shaping investor sentiment and…

Bitcoin

Saylor Isn’t Batsh*t Insane, He’s Selfish

October 23, 2024 Bitcoin News

In a recent interview, Bitcoin cheerleader Michael Saylor shocked many by dismissing concerns about Bitcoin custody, but David isn’t surprised by his statements. Saylor’s Recent Controversial Statements Are Consistent With His Past Statements Michael Saylor is known for being an…

Bitcoin

Is G20 Losing Relevance? BRICS’ Rise Signals Shift in Global Power

October 23, 2024 Bitcoin News

The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF…

Bitcoin

Stanley Druckenmiller’s ‘Big Short’ Move: Betting on Future Disaster

October 23, 2024 Bitcoin News

Duquesne Family Office’s Stanley Druckenmiller has revealed his latest move in the U.S. bond market. The billionaire investor who won millions in the past for Duquesne Capital does not believe that inflation will keep cooling down, and is consequently betting…

Bitcoin

New Cryptocurrency ICO FreeDum Fighters Raises $225,000 In Opening Weekend

October 23, 2024 Bitcoin News

The 2024 US Election is almost here, and it’s shaking up the market. Traders are speculating on what the outcome will mean for the economy and crypto regulation. But one project encapsulates this, providing a means of speculation while offering…

Bitcoin

Industry Stakeholders Cautious as Argentina Drafts New Crypto Regulations

October 22, 2024 Bitcoin News

Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate…

Bitcoin

Sanctions Backfire: European Exporters Suffer More Than Russia

October 22, 2024 Bitcoin News

European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and…

Bitcoin

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