President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller agency, eliminating over a third of the institution’s current structural organization. President Javier Milei Announces […] Source: https://news.bitcoin.com/deep-chainsaw-sinks-deeper-as-milei-axes-tax-enforcer-in-argentina/
Month: October 2024
Ethereum ICO participant dumps 3,000 ETH for $7.6M cash out
After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out. Source: https://cointelegraph.com/news/ethereum-ico-participant-dumps-3000-eth-7-6-m-cash-out?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
TeraWulf to raise $350M in convertible notes for share repurchase
TeraWulf’s focus on raising capital through institutional buyers suggests confidence in its future despite volatile cryptocurrency markets. Source: https://cointelegraph.com/news/tera-wulf-raise-350m-convertible-notes-share-repurchase?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin could be used as currency by 2030 — CryptoQuant CEO
Bitcoin mining difficulty has surged by 378% over three years, signaling the potential for institutional-driven BTC stability by 2030. Source: https://cointelegraph.com/news/bitcoin-currency-2030-cryptoquant-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin.com Enhances Cross-Chain Swaps on Verse DEX With deBridge Integration for Faster, More Efficient Trading
Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has announced a significant upgrade to the cross-chain swap capabilities on its decentralized exchange, Verse DEX, thanks to a partnership with deBridge. The new integration brings major improvements in speed, cost efficiency, and flexibility to cross-chain trading. The update allows users to perform cross-chain […] Source: https://news.bitcoin.com/bitcoin-com-enhances-cross-chain-swaps-on-verse-dex-with-debridge-integration-for-faster-more-efficient-trading/
Analyst Predicts Ethereum to Hit $10,000
A recent analysis suggests Ethereum (ETH) could soon experience a massive price surge, potentially reaching $10,000 per coin. This prediction is grounded in technical indicators pointing to a bullish trend for the cryptocurrency. Analyst’s $10,000 Prediction Prominent analyst Trader Tardigrade, with over 60,000 followers on X, has shared insights on Ethereum’s price trajectory. By identifying an ascending trendline and symmetrical…
A New Rally in Sight?
A recent increase in the number of Bitcoin whales—large holders with at least 1,000 BTC—has sparked speculation about a potential price rally to new all-time highs. According to data from Glassnode and Bitwise’s André Dragosch, the number of whales has reached 1,678, the highest since January 2021. Whale Influence on the Bitcoin Market Whales, controlling clusters of crypto wallet addresses,…
A Bullish Rally on the Horizon?
Bitcoin has shown remarkable resilience amid market turbulence, breaking through key resistance levels and signaling a potential rally. Despite a general downturn in the crypto market, Bitcoin’s recent breakout from a Broadening Wedge pattern has sparked renewed optimism among analysts. The Broadening Wedge pattern, known for its widening price fluctuations, often signals significant price movements. Bitcoin’s breakout from this formation…
El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared, demonstrating that these are a viable alternative when […] Source: https://news.bitcoin.com/el-dorado-ceo-venezuela-highlights-stablecoins-use-case-as-a-tool-for-resilience/
Coinbase-backed Base to improve decentralization with fault proofs
Base will implement fault proofs on the mainnet twice as fast as Optimism, which took about six months to upgrade the system from testnet to mainnet. Source: https://cointelegraph.com/news/coinbase-fault-proof-base-decentralization?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound