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Bitcoin: 4 Reasons Why Elon Musk’s Tesla Moved $760M BTC

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For the first time in two years, Elon Musk’s Tesla has transferred all of its $760 million worth of Bitcoin assets from its public wallet. According to Arkham Intelligence data revealed Wednesday, the firm carried out multiple transactions to move its holdings out of its existing wallet. The move caused the BTC market to stir, with the asset reaching $67,0000 shortly after. Tesla transferred $75.18 million, $76.08 million, and $77.16 million in the first three significant transactions. This reportedly happened in quick succession. While the firm sent $76.08 million and $77.16 million to the same anonymous wallet, Tesla transferred $75.18 million to another unidentified wallet. So far, none of the Tesla Bitcoin have made it to exchange wallets or were swapped for stablecoins. This raises the question of why the Musk-founded company decided to make this move after two years of hoddling. The electric carmaker as of the time of the move was the fourth-largest corporate holder of bitcoin,
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GraFun unveils GraFun Labs, a new meme coin project accelerator

GraFun, a meme coin launch platform, has unveiled GraFun Labs, a new accelerator designed to promote meme coin projects, as per the updates shared with Finbold on Thursday, October 17.  Thanks to the initiative, GraFun users will have an opportunity to partake in and support innovative memecoin projects from day one. Supporting new meme coin projects The main goal of GraFun is to discover and promote promising meme coin projects, enhancing community growth and pushing the boundaries of what memecoins can do for the overall crypto market. Picks for you AI predicts Bitcoin price for Halloween 2024 2 hours ago Perplexity AI predicts Gold price based on analysts’ insights 17 hours ago
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Next Cryptocurrency to Explode, October 16 — Dogecoin, Scroll, Kucoin Token, Celo

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The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has finally gone back above $67K after touching 63K late last month. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $2,600. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in investments. The detail
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US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence

The Bitfinex crypto hack resulted in the theft of 120,000 Bitcoin Ilya Lichtenstein used a series of sophisticated methods to hide the stolen funds between 2016 and 2022 He told his wife and co-conspirator about the hack in 2020 who then helped him to hide the stolen assets US prosecutors have told a judge that the mastermind behind the Bitfinex exchange hack should receive five years in prison. Ilya Lichtenstein, who pleaded guilty last year after stealing 120,000 Bitcoin, was arrested in 2022. His wife and co-conspirator Heather Morgan was also taken into custody, in connection to the 2016 Bitfinex crypto hack. During their arrest, police seized Bitcoin worth around $71 million at the time of the hack. According to Bloomberg, a court filing was submitted to the US District Court of Columbia, US prosecutors say Lichtenstein should receive a longer sentence than Morgan, also known as rapper Razzlekhan. Last week, federal prosecutors recommended that Morgan
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Analyst Says It’s Time for Bitcoin Rallies, Updates Forecast on FET and Solana-Based Memecoin

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A closely followed crypto analyst and trader believes that Bitcoin (BTC) has more gas left in the tank despite its latest surge. Pseudonymous analyst Altcoin Sherpa tells his 224,900 followers on the social media platform X that he’s bullish on Bitcoin after reclaiming support at around $60,000. According to the trader, he expects the latest surge to take Bitcoin close to $70,000. “BTC time for $68,000+. Liquidity got taken out below that recent wick low, let’s see if we can get the highs. After that? no clue. But still bullish until shown otherwise.” Source: Altcoin Sherpa/X At time of writing, Bitcoin is trading for $65,942, up over 5% on the day. Looking at the native asset of the Artificial Superintelligence Alliance (FET), the analyst says that while he’s bullish on the altcoin, he thinks it will likely trade sideways in the coming days. “FET pretty neutral price action, wouldn’t be surprised to see this chill out for the next few days and do nothing.
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Top Crypto Gainers Today Oct 15 – Bitcoin Cash, WOO Network, eCash, Storj

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The crypto market is alive with energy today, boasting a total capitalization of $2.29 trillion. Bitcoin leads the pack at an impressive $65,744, following a 2.23% rise. With 76% of cryptocurrencies gaining value, the mood is decidedly bullish, highlighted by a neutral reading of 48 on the Fear & Greed Index. In this active trading environment, Bitcoin Cash, WOO Network, eCash, and Storj are making news as today’s top crypto gainers . Let’s explore what’s driving these remarkable gains and why they deserve a place in your investment strategy!   Biggest Crypto Gainers Today – Top List Today’s top crypto gainers demonstrate distinct strengths and niches. Bitcoin Cash surged 11.43%, driven by its fast transactions and low fees. Its smart contract capabilities enhance its long-term growth potential. WOO Network increased by 9.07%, benefiting from deep liquidity in both centralized and decentralized finance, indicating strong demand. eCash rose 7.24%, focusing on rapid, anonymous tr
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Economist Henrik Zeberg Predicts Rallies for Dogecoin Rival As ‘Blow Off Top’ in Financial Markets Approaches

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The head macro strategist at Swissblock is predicting major moves for one Dogecoin (DOGE) rival ahead of a potential blow-off top for risk assets. Henrik Zeberg tells his 155,900 followers on the social media platform X that Solana (SOL)-based memecoin dogwifhat (WIF) may be on the verge of an explosive breakout beyond the $3.10 level. “WIF: wait for the pop!” Source: Henrik Zeberg/X Looking at his chart, the analyst suggests WIF is printing a series of higher lows and higher highs on the four-hour timeframe. In June, the analyst used Elliott Wave Theory to forecast an explosive run for WIF at the way to the $55 mark. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up. Source: Henrik Zeberg/X WIF is trading for $2.93 at time of writing, up nearly 10% in the last 24 hours. Zeberg is also warning of a potential blow-off top forming in financial markets. In technical Analysis , a blow
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Ethereum Co-Founder Vitalik Buterin Sells Meme Coins Worth $2.24 Million, Including POPCAT, MOODENG And FWOG

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Ethereum co-founder Vitalik Buterin netted $2.24 million in ETH over the weekend after selling several meme coins that were gifted to him, including MOODENG, POPCAT and FWOG. According to on-chain analytics platform Lookonchain, Buterin’s most recent meme coin sales took place on Oct. 13. During this trade, he sold $1.61 million worth of meme coins for 651.67 ETH. Following that, the Ethereum founder’s total ETH accumulated through his meme coin trade over the weekend reached 908.77 ETH. Vitalik Buterin Accumulated Over $900K By Selling MOODENG The biggest trade performed by the Ethereum founder was the sale of 10 billion MOODENG. Buterin exchanged the meme coin for 395.96 ETH totaling $976K. MSTR was the next biggest sale after he swapped 200K MSTR for 93.23 ETH valued at $231K. vitalik.eth(@VitalikButerin) sold some memecoins for 651.67 $ETH($1.61M) again 1 hour ago! In the past 12 hours, #vitalik got a total of 908.77 $ETH($2.24M) by selling memecoins received for free. So
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Top Altcoins for 2024: Ethereum, FoxLetFun, Toncoin, and Dogwifhat in the Spotlight

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As we dive deeper into 2024, the cryptocurrency landscape is filled with both opportunities and uncertainties. While major altcoins like Ethereum (ETH) and Toncoin (TON) are seeing exciting developments, emerging coins like FoxLetFun (FLF) are starting to steal the spotlight, especially from memecoins like Dogwifhat (WIF) . Here’s a look at what’s happening with these altcoins and why FoxLetFun is quickly becoming a favorite among investors looking for the next big thing. Ethereum (ETH): A Recovery on the Horizon? Ethereum , one of the largest and most established cryptocurrencies, has faced some challenges in 2024. According to FXStreet , Ethereum could be on the verge of testing its $2,395 support level amid recent market volatility. The excitement surrounding Vitalik Buterin’s Nobel Prize buzz has provided some optimism for ETH holders, hinting at a potential recovery in the near term. However, despite these hopeful signs, some investors have been diversifying th
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MicroStrategy stock price prediction amid ‘Bitcoin bank end game’ revelation

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MicroStrategy (NASDAQ: MSTR) is once again making headlines with its ambitious plan to transform into the world’s first “Bitcoin bank,” a move that has sparked renewed interest from investors.  As this plan unfolds, investors are eager to understand where MSTR stock could be headed, especially as the company targets a $1 trillion valuation. With founder Michael Saylor at the helm, the stock saw a sharp rise, climbing over 13% to $208.23 in just 24 hours—the highest price since March 2020. Picks for you Bitcoin price roadmap up to $78,000 is almost complete, highlights analyst 32 seconds ago Here’s how Bitcoin price could react to a rising CPI and PPI inflation 2 hours ago
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Perplexity AI predicts Bitcoin price for year-end based on analysts’ insights

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Finbold turned to Perplexity Online artificial intelligence (AI) to gather and consolidate up-to-date analyses for a Bitcoin (BTC) price prediction. Perplexity is a unique AI mode capable of real-time web scanning, listed among OpenAI’s most feared competitors, as Finbold reported. Essentially, Perplexity differs from most popular AI models like ChatGPT, developed by OpenAI, that rely on previously trained data. Given its capacities, the model can collect and consolidate updated information from multiple sources, acting as a search engine. We have already tested this ability in previous reports, in which Perplexity Online revealed the most recommended stocks, popular investment assets, and cryptocurrencies for Q4 2024. Unsurprisingly, Bitcoin was featured as one of the most popular cryptocurrencies powered by institutional adoption through approved exchange-traded funds (ETFs). Picks for you
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