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@bitcoin_action

Bitcoin ⚡️Action | Crypto News Feed (English)

Welcome to Bitcoin ⚡️Action, your ultimate destination for all things related to cryptocurrencies and blockchain technology! This Telegram channel is a go-to source for crypto enthusiasts, investors, and anyone interested in staying up-to-date with the latest news and insights from the world of digital assets.

Bitcoin ⚡️Action serves as a comprehensive crypto news and on-chain insights aggregator, providing you with real-time updates, market analysis, expert opinions, and much more. Whether you are a seasoned trader or just starting your journey in the crypto space, this channel has something valuable to offer to everyone.

Stay informed about the most recent developments in the crypto market, get in-depth analysis of blockchain trends, and discover exclusive insights to help you make well-informed decisions when it comes to your crypto investments. From major announcements to hidden gems, Bitcoin ⚡️Action covers a wide range of topics to ensure you are always in the know.

For business inquiries, collaborations, or any questions you may have, feel free to contact the channel's administrator, Luca Mathis, via the handle @LucaMathis. Join the Bitcoin ⚡️Action community today and elevate your crypto knowledge to new heights! Don't miss out on the opportunity to be part of this dynamic and engaging platform dedicated to all things crypto. See you there!

Bitcoin ⚡️Action | Crypto News Feed

04 Jan, 03:35

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Spot Bitcoin ETFs break into top 20 in 2024, capturing 4.3% of total inflows

Spot Bitcoin (BTC) exchange-traded funds (ETF) IBIT and FBTC are among the top 20 by flows in 2024, amassing $49 billion and representing 4.3% of total flows, as highlighted by Bloomberg ETF analyst Eric Balchunas. BlackRock’s IBIT registered the third-largest inflow last year, with over $37 billion in capital flowing to the US-traded Bitcoin ETF. Additionally, IBIT’s assets under management (AUM) total roughly $52 billion, besting other ETFs among the top 20.

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Bitcoin ⚡️Action | Crypto News Feed

02 Jan, 17:39

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Syrian research explores Bitcoin legislation to stabilize currency amid challenges

The Syrian Center for Economic Research (SCER) has outlined an ambitious proposal to integrate Bitcoin into the Middle Eastern country’s financial system. The proposal seeks to legitimize Bitcoin for various purposes, including trading and mining. It suggests a digital version of the Syrian pound backed by assets like gold, US dollars, and Bitcoin.

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Bitcoin ⚡️Action | Crypto News Feed

31 Dec, 03:34

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NYDIG explores float financing for Bitcoin-backed lending market

NYDIG, Stone Ridge’s subsidiary that offers Bitcoin-backed loans, is preparing to expand its offering through float financing, according to the firm’s 2024 investor letter. The letter rebuts common objections to Bitcoin’s (BTC) utility, suggesting that it can generate cash flow through sales and serve as collateral for fiat loans.

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Bitcoin ⚡️Action | Crypto News Feed

29 Dec, 14:45

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Bitwise Pursues Approval for Groundbreaking Bitcoin Standard Corporations ETF

Bitwise, one of the largest asset managers in the U.S., has filed for clearance to launch an ETF tracking the performance of companies holding bitcoin as a reserve asset. The instrument, called Bitwise Bitcoin Standard Corporations ETF, would own stocks of companies having more than 1,000 BTC.

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Bitcoin ⚡️Action | Crypto News Feed

28 Dec, 03:40

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Strive Asset Management files for innovative bitcoin bond ETF aiming to disrupt traditional investing

Strive Asset Management, founded by Vivek Ramaswamy, has filed a request with US regulators to launch a new exchange-traded fund (ETF) designed to provide exposure to “Bitcoin Bonds,” according to a Dec. 26 filing. The Strive Bitcoin Bond ETF will target convertible bonds issued by companies like MicroStrategy that have invested significant portions of their capital in Bitcoin (BTC). These companies utilize the proceeds of such bonds to purchase Bitcoin.

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Bitcoin ⚡️Action | Crypto News Feed

26 Dec, 17:31

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Bitcoin ETFs saw $338 million in outflows on Christmas Eve

US Bitcoin spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable outflows on Christmas Eve. BlackRock’s iShares Bitcoin ETF led this decline, suffering its largest single-day outflow of $188.7 million. Fidelity’s Bitcoin ETF followed with $83 million in withdrawals, while Ark and 21Shares’ Bitcoin ETF posted net outflows of $75 million.

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Bitcoin ⚡️Action | Crypto News Feed

25 Dec, 07:44

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Mt. Gox has shifted $364 million in Bitcoin to B2C2 this month

Mt. Gox, the bankrupt crypto exchange, has moved approximately $364.4 million worth of Bitcoin to crypto liquidity provider B2C2 Group this month, according to an analysis by Lookonchain. Lookonchain, citing data from Arkham Intelligence, reported that Mt. Gox has been transferring 200 to 300 BTC daily to B2C2 on weekdays since Bitcoin surged past $100,000 on Dec. 5. These consistent transactions suggest a structured approach to liquidating assets.

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Bitcoin ⚡️Action | Crypto News Feed

24 Dec, 06:34

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WSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’

The Wall Street Journal (WSJ) has raised alarms over a potential quantum computing threat to Bitcoin (BTC), describing it in a recent article as “a time bomb waiting to explode.” The article addresses the possibility of advances in quantum computing posing a risk to Bitcoin’s security and potentially becoming a threat to the entire blockchain industry.

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Bitcoin ⚡️Action | Crypto News Feed

23 Dec, 06:35

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‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado.

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Bitcoin ⚡️Action | Crypto News Feed

22 Dec, 04:35

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Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining

Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility.

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Bitcoin ⚡️Action | Crypto News Feed

21 Dec, 04:34

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Ark Invest CEO Cathie Wood predicts Bitcoin will top $1 million by decade’s end

Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins and growing institutional interest. She noted that BTC has already exceeded $108,000 in 2024 and will continue to grow in the coming years.

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Bitcoin ⚡️Action | Crypto News Feed

20 Dec, 22:29

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Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

Bitcoin’s price appears to be pulling back approximately 250 days after the April 2024 halving, aligning with patterns observed following the May 2020 halving. Historical charts show a notable climb following the May 2020 event, which reversed briefly after about 250 days by around 30%. Following the retracement, Bitcoin increased by 140% over the next 290 days. The last cycle’s all-time high was 546 days after the halving.

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Bitcoin ⚡️Action | Crypto News Feed

19 Dec, 17:34

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Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets

Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four.

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Bitcoin ⚡️Action | Crypto News Feed

18 Dec, 03:34

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EU urged to follow El Salvador’s lead with Bitcoin reserves by European MP

European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank’s (ECB) digital euro project. In a Dec. 17 video shared on X, Knafo criticized the ECB’s plan for a centralized digital currency, arguing it risks financial freedom and overreach.

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Bitcoin ⚡️Action | Crypto News Feed

17 Dec, 04:39

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New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption

The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting.

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Bitcoin ⚡️Action | Crypto News Feed

15 Dec, 05:29

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Riot Platforms increases its bitcoin holdings by over 5,000 BTC

Riot Platforms announced on Friday that it had acquired 5,117 bitcoin between Dec. 10 and Dec. 12, 2024. The bitcoin miner's most recent acquisition of the largest digital asset came in at approximately $510 million, at an average price of approximately $99,669 per bitcoin, inclusive of fees and expenses. The company has now increased its total bitcoin holdings to 16,728.

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Bitcoin ⚡️Action | Crypto News Feed

13 Dec, 06:09

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Binance dominates 2024 with $21.6 billion deposits and record 250 million users

Binance has cemented its position as the leading crypto exchange by reporting customer deposits totaling $21.6 billion in 2024, according to a Dec. 12 report. This achievement places Binance significantly ahead of its competition, with data from DeFi Llama revealing that the exchange’s deposits surpass the combined total of the next ten largest exchanges tracked by 36%. Competitors—including OKX, Bitfinex, Robinhood, and Bybit—collectively reported $15.9 billion in deposits for the same period.

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Bitcoin ⚡️Action | Crypto News Feed

12 Dec, 03:31

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Alabama state auditor calls to establish Bitcoin reserve

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.

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Bitcoin ⚡️Action | Crypto News Feed

11 Dec, 04:29

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MicroStrategy now controls over 2% of Bitcoin supply after latest $2.1 billion purchase

According to the US Securities and Exchange Commission (SEC) filing, the acquisition was funded by selling 5,418,449 shares for aggregate net proceeds of approximately $2.13 billion. The firm still has $9.19 billion available from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases. This purchase brought the firm’s total holdings to 423,650 Bitcoin, representing over 2% of the flagship digital asset’s total supply.

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Bitcoin ⚡️Action | Crypto News Feed

09 Dec, 15:29

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Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement

Max Keiser, an international journalist and cryptocurrency advisor to the Bukele administration in El Salvador, has hinted at an upcoming announcement for the Muslim world regarding bitcoin. On social media, Keiser, now in Abu Dhabi, recalled the first time he declared that bitcoin complied with Sharia law, stressing it was no “riba,” meaning it doesn’t represent usury. “The Muslim world is minutes away from massive, global bitcoin FOMO.

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Bitcoin ⚡️Action | Crypto News Feed

08 Dec, 19:49

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Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ The idea of a national Bitcoin reserve surfaced during the Bitcoin 2024 conference earlier this year, where both Trump and Robert F. Kennedy Jr. made keynote speeches, along with several lawmakers, including Senator Cynthia Lummis (R-WY), who introduced the “Bitcoin Act” legislation proposing the creation of such an institute at the event.

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Bitcoin ⚡️Action | Crypto News Feed

06 Dec, 16:34

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Trump celebrates Bitcoin surpassing $100k milestone following election win

President-elect Donald Trump lauded Bitcoin’s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributed the milestone to his influence. Trump declared that Bitcoin investors are “welcome,” framing the surge as a testament to his pro-growth policies.

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