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Tag: Bitcoin

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation
27Jul By CryptolifedigitalNo Comments
Bitcoin

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation

In a recent controversial statement, a US Congressman has raised eyebrows within the cryptocurrency community by denouncing the creator of Bitcoin, whom he referred to as "Satoshi Nakamoto," for a perceived lack of innovation. The remarks, made during a congressional hearing on digital currencies, have sparked a heated debate among proponents and critics of the world's first decentralized cryptocurrency. US Congressman Says Satoshi Nakamoto is not Innovative. Here is Why https://twitter.com/WatcherGuru/status/1684245942541643776 The Congressman, whose name has not been disclosed at the time of this report, claimed that the anonymous creator of Bitcoin did not introduce any groundbreaking technology and merely built upon existing concepts. The comments came as a surprise to many, as Bi...
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Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
25Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
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Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.
11Jul By CryptolifedigitalNo Comments
Bitcoin

Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.

In a recent tweet that has sent shockwaves through the financial world, renowned author and financial educator Robert Kiyosaki, best known for his book "Rich Dad, Poor Dad," boldly declared the imminent demise of the US dollar and predicted a substantial rise in the value of Bitcoin in the coming year. Kiyosaki's tweet, which states, "US dollar will die. Bitcoin to $120k next year," has ignited both excitement and scepticism among investors and experts alike. Read Also: Former SEC Chairman Praises Institutional Interest in Bitcoin as "Remarkable" https://twitter.com/BitcoinMagazine/status/1678733049691885569 Kiyosaki's status as a prominent figure in the financial sector lends weight to his statements, as his books and teachings have influenced countless individuals seeking financ...
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BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman
4Jul By OLAJIDE SAMUELNo Comments
Shiba Inu

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap's native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects. Read Also: Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader Cryptoman Expresses bullishness towards BONE. Cryptoman's tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for...
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A Brief Guideline On The Unspent Transaction Output (UTXO)
3Jul By Tolulope ZaccheausNo Comments
Crypto Guides

A Brief Guideline On The Unspent Transaction Output (UTXO)

Unspent Transaction Output Known as UTXO is one of the terms used in the cryptocurrency world to refer to transaction input and output. Be that as it may, it is quite important to take into consideration all the necessary terms that you come across as you navigate across the cryptocurrency space as a newbie. this article will give you an overview of the concept of UTXO. Definition of Unspent Transaction Output (UTXO) The Concept of Unspent Transaction Output (UTXO) is the output from a transaction that a user owns and can spend later in another transaction. The core principle of the Bitcoin and blockchain UTXO model structure overall is that The total input for a transaction must be equal to the total output. Read Also: 7 Crypto Exchanges Where You Can Stake Your Digital Asse...
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Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential
3Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...
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Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation
28Jun By CryptolifedigitalNo Comments
Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...
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Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.
24Jun By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...
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Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community
24Jun By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community

In a recent turn of events, Tobias Andersen, also known as Zaradar, a former core developer of Terra Classic (LUNC), has sparked controversy within the LUNC community by ridiculing the cryptocurrency's price logic in relation to Bitcoin (BTC). Zaradar's remarks in a tweet highlighted what he perceived as a significant discrepancy between Bitcoin's price movements and those of LUNC, sarcastically dubbing it "Lunatic logic." Zaradar Mocks The LUNC's Price Logic Zaradar drew attention to the fact that when Bitcoin experiences a 2% drop in value, LUNC tends to plummet by 10% or more. Conversely, when Bitcoin surges by 25%, LUNC fails to reflect any substantial gains. Accompanying his tweet was a mocking GIF featuring a panda, which further emphasized the humorous tone of his message. The twe...
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Bakkt Delists Cardano, Polygon, and Solana, but Shiba Inu Survives
16Jun By CryptolifedigitalNo Comments
Shiba Inu

Bakkt Delists Cardano, Polygon, and Solana, but Shiba Inu Survives

In a surprising move, Bakkt, a prominent US-based cryptocurrency exchange, has decided to delist several billion-dollar valued cryptocurrencies from its platform. However, amidst this delisting spree, Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has managed to retain its place among the available tokens for trading. The decision to remove Cardano (ADA), Polygon (MATIC), and Solana (SOL) from the Bakkt platform comes as the exchange aims to address concerns regarding unclear regulatory oversight and ensure compliant token offerings. Bakkt's general counsel and secretary, Marc D'Annunzio, emphasized the need for greater transparency before offering a more extensive list of coins compliantly. Read Also: Binance Flexible Loan Announces Closure of PEPE Loan Positions, Urges...
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