Author name: Peter

The Rise and Fall of Bitcoin: $323 Million in Short Positions Liquidated

A Surge in Bitcoin's Value On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. As the market soared, traders who had placed their bets against crypto

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Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm and ETF Anticipation

Bitcoin Futures: A Growing Market Bitcoin futures open interest (OI) has witnessed a significant surge in the past day, with CME Group's OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This surge is not limited to CME Group alone; platforms like Binance, Deribit, Bitget, and Okx are also experiencing substantial upticks in open

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Robert Kiyosaki Shares His Unique Investment Strategy

Robert Kiyosaki Differentiates His Investment Strategy From Warren Buffett’s Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has recently shared his investment strategy, highlighting the differences between his approach and that of Berkshire Hathaway CEO Warren Buffett. While Buffett is known for his value investing strategy, Kiyosaki takes a different

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Bitcoin, Ethereum Technical Analysis: BTC Surges Above $35,000 Amid ETF Speculation

Bitcoin Bitcoin experienced a significant rally, reaching its highest level since May 2022, as market sentiment turned bullish. Traders anticipated an imminent announcement from the United States Securities and Exchange Commission (SEC) regarding a potential bitcoin exchange-traded fund (ETF), possibly from Blackrock. In tandem with Bitcoin's surge, Ethereum also saw gains, surpassing the $1,800 mark.

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The Future of El Salvador: President Nayib Bukele’s Bid for a Second Term

The Constitutional Framework In recent weeks, speculation has been rife in the Salvadoran media about President Nayib Bukele's potential bid for a second term in office. Previously, it was believed that Salvadoran presidents were limited to a single five-year term. However, a landmark Supreme Court ruling has opened the door to the possibility of a

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Worldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements

Worldcoin Updates Token Supply and Loan Agreements Worldcoin, a project that utilizes iris biometrics for creating a unique human identity database, announced on Sunday that it is making changes to the distribution of its circulating WLD token supply and its market maker loan agreements. The project, which was launched in July, will be reducing the

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Bitcoin: A Hedge Against Inflation, According to Mexican Billionaire Ricardo Salinas

The Importance of Bitcoin in Protecting Against Inflation Mexican billionaire Ricardo Salinas believes that bitcoin can serve as a safeguard against inflation. He argues that people's savings are being eroded without their consent or knowledge due to the devaluation of currency. Salinas emphasizes that the debasement of currency is a tactic employed by fraudsters to

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Abraxas Bitcoin Scandal: $144M in Bitcoin Suddenly Moved to Mixer

Introduction An onchain analyst, Zachxbt, recently discovered that 4,800 bitcoins that were stolen from the now-defunct darknet marketplace Abraxas have been transferred to a bitcoin mixing service. Abraxas exit scammed in November 2015 after less than a year of operation, and the stolen bitcoins had remained untouched since then. Bitcoin Movement and Consolidation Zachxbt reported

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