Tag: Bitcoin
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First Death Cross of 2024 for Bitcoin
Bitcoin’s price action has recently caught the attention of traders and investors as the 50-day simple moving average (SMA) crossed below the 200-day SMA, forming what is known as a death cross. This technical pattern, seen on Bitcoin’s daily charts, typically signals a bearish trend. The last time Bitcoin encountered a death cross was in…
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$700k robbed in Bitcoin from Israeli Tourists
Eleven Israeli tourists were violently robbed on Santa Teresa de Cóbano beach in Puntarenas, Costa Rica, during a social event. The attack involved at least eight men arriving in two luxury vehicles, overpowering the group’s security guard, and stealing their belongings, including a significant amount of Bitcoin. The robbers, some suspected to have police training,…
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Semler Scientific buys 101 more Bitcoin
Semler Scientific, a healthcare company, has recently implemented a Bitcoin treasury strategy, acquiring an additional 101 Bitcoin (BTC). This brings their total holdings to 929 BTC over a span of just over two months. Since May, Semler Scientific has invested $63 million in Bitcoin as part of their broader plan to integrate the cryptocurrency into…
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SAHM Indicator above 0.5: Recession Incoming?
A significant recession warning is currently flashing across financial markets, impacting both the stock and crypto sectors. The SAHM Indicator, a crucial economic measure, has crossed above 0.5, signaling a potential recession in the United States. This indicator has a long history of accurately predicting recessions, with every instance since the 1960s leading to an…
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Trump suggests Bitcoin plan to erase $35T debt
Former President Donald Trump proposed an unconventional idea with Bitcoin to address the U.S.’s $35 trillion national debt: using Bitcoin as a payment to China. He suggested this bold move during an interview with Fox News’s Maria Bartiromo, stating, “Crypto is a very interesting thing. It’s very high-level in certain ways, intellectually very high-level. But…
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Bitcoin and Ethereum ETFs see positive inflows first time together
On August 1, 2024, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced joint positive inflows for the first time since the launch of nine spot Ether ETFs on July 23. This marked a significant event in the cryptocurrency ETF market. This influx of investments into spot Bitcoin and Ethereum ETFs reflects growing interest in…
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US Govt moves $2B in Bitcoin amid Trump’s promise
On July 29, the United States government moved $2 billion worth of Bitcoin, just two days after former President Donald Trump vowed that the US would never sell any of its Bitcoin holdings during a speech at the Bitcoin 2024 conference in Nashville, Tennessee. According to Arkham Intelligence, the government transferred 29,800 Bitcoin, which were…
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Fake Bitcoin 2024 Livestreams Featuring Elon Musk Scam Viewers
Even though the Bitcoin 2024 event has concluded, a deepfake scam featuring Elon Musk has surfaced on YouTube, posing as the official Bitcoin 2024 livestream. Over the past three days, this scam has deceived many users into losing their crypto assets, with one video alone collecting over $28,000 in Bitcoin, Ether, and Dogecoin. The scam…
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Donald Trump’s Bitcoin Conference speech
Donald Trump just spoke at the Bitcoin Conference in Nashville and we’ll be bringing you an in-depth analysis of not just Trump but the entire conference in our bi-weekly newsletter (subscribe if you haven’t). But here are the major points of his talk (credits: Watcher Guru) :- • Create a US Government strategic national Bitcoin…
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Bitcoin For Corporations announced at Bitcoin Conference
In a significant move to further drive corporate Bitcoin adoption, Bitcoin Magazine and MicroStrategy have announced the launch of “Bitcoin for Corporations.” This strategic partnership aims to provide comprehensive resources and educational content to corporate leaders, underscoring a joint commitment to fostering Bitcoin adoption and education on a global scale. The announcement was made live…