XRP Surges as Bitcoin Steadies Below $66K
Ripple’s XRP token reaches a 7-week high, while Bitcoin consolidates below $66,000. Most altcoins experience minor losses, with Dogecoin among the few showing gains.
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Swan Bitcoin Lawsuit Exposes Industry Turmoil
Swan Bitcoin has filed a lawsuit against former employees and consultants, accusing them of stealing its Bitcoin mining business with alleged support from Tether. The suit claims trade secrets were misappropriated to launch a rival venture, Proton Management.
Dogecoin’s October 2024 Outlook: Challenging the ‘Pumptober’ Trend
Despite the crypto market’s stability and Bitcoin’s strong position at $63K, Dogecoin’s price forecast for October 2024 suggests a potential 13% drop, challenging the traditional ‘Pumptober’ expectations.
Crypto Market Update: Mixed Signals and Institutional Interest
The cryptocurrency market experienced a slight correction, with Bitcoin cautiously approaching its 200-day moving average and Litecoin breaking out of its descending channel, while crypto fund investments saw significant inflows.
Early Bitcoin Miner Awakens: 15-Year-Old Coins Move
Bitcoin mined in January 2009 has been moved for the first time in 15 years, sparking speculation about the identity of the early adopter. Analysis suggests the coins are not Satoshi Nakamoto’s, but represent a significant moment in Bitcoin’s history.
42 Altcoins Outshine Bitcoin in 2024 Performance
Lookonchain analysis reveals 42 cryptocurrencies, including Popcat, Mantra, and Mog Coin, have outperformed Bitcoin in year-to-date returns for 2024, showcasing the dynamic nature of the crypto market.
eToro Settles with SEC, Reshapes US Crypto Offerings
eToro, the Israeli trading platform, has agreed to a $1.5 million settlement with the SEC and will restrict most crypto trading for US customers, while maintaining access to Bitcoin, Ethereum, and Bitcoin Cash.
Bitcoin Hashrate Nears 700 EH/s, Sets New Record
Bitcoin’s hashrate has reached a new all-time high of 692.28 exahash per second (EH/s), approaching the 700 EH/s milestone. This surge represents a 76.15% increase over the past year, coinciding with rising mining difficulty and decreasing miner revenue.
Venezuelan Opposition Proposes National Bitcoin Reserve
Maria Corina Machado, leader of Venezuela’s opposition coalition, suggests establishing a national Bitcoin reserve to combat hyperinflation and restore the country’s wealth. She also launches a Bitcoin donation campaign to support democratic efforts.
Crypto Market Faces Uncertainty Amid Economic Data Wait
The cryptocurrency market is experiencing a period of volatility as investors await crucial US employment data.