bitcoin☀️

Hive Digital is expanding its operations to Paraguay for the first time. The Bitcoin miner has big plans to build a 100-megawatt mining facility in Paraguay, powered by the nation’s Itaipu hydroelectric dam. This expansion is expected to more than double its mining hashrate, showing huge potential for growth in the region. The energy for this facility will be sourced from the hydroelectric dam, providing not only sustainable power but also economic opportunities for the region.
However, there are some challenges on the horizon as Paraguay plans to increase electricity costs for legal cryptocurrency miners. Despite this, Hive Digital remains confident in the venture and aims to generate over $100 million for the country's electricity grid operator over the next three years. By hiring local employees, the company is committed to fostering economic growth and innovation in Paraguay.
This exciting venture marks Hive Digital's presence in its fourth country, following successful operations in Canada, Iceland, and Sweden. With the recent acquisition of 500 Bitmain S21 Pro Antminers, the company is poised for further growth and success. Stay tuned for more updates on this remarkable journey!
Friendly reminder: If you enjoyed this update, feel free to show your appreciation by leaving a tip as a thank you!🌟 #bitcoin☀️ #HiveDigital #Paraguay

We're at an all-time crossroads in the crypto world. With Bitcoin breaking through to $64K, the question on everyone's mind is: just how high can things go?

Analysts and insiders alike are talking BIG numbers this cycle, with predictions of $150K BTC looking almost inevitable. But hold on-there's talk of it going as high as $250K after the Bitcoin halving next year! Can you imagine? The king of crypto pushing through boundaries that once seemed impossible.

But it's not just about Bitcoin. We've got Ethereum making its move as well, with price targets soaring beyond $10K. Some think ETH could be the powerhouse to fuel the next wave of Defi and NFTs, setting the stage for it to break into six figures in the future.

Solana is also heating up, gunning for $300+ with the potential to solidify itself as a major contender in the blockchain space. The battle between ETH and SOL is gelling more intense by the day, but why not both?
$BTC
And then we have the memecoins! The viral sensation Popcat is still riding its wave of hype, while Mumu the bull is drawing major attention with its strong bullish narrative. Don't sleep on Brett, either-it's been making the rounds on meme pages, and these tokens have shown they can skyrocket off community-driven energy.

With a mixture of institutional interest, the Bitcoin halving on the horizon, and the meme coin frenzy, we could be on the edge of a historic bull run. Don't just sil on the sidelines and watch-position yourself to ride this rocket as the crypto world continues to blow up.

The moon is closer than ever, but the real question remains: How high can we go?
#BTC #bitcoin☀️

As Bitcoin falls under $57K with the US market sell-off, will $53K support stand strong to avoid a correction to $50K?

Read more on: https://thecryptobasic.com/2024/09/04/heres-why-bitcoin-is-falling-today-tanks-to-56480-will-53k-support-prevent-a-50k-test/
#bitcoin☀️ #Crypto #CryptoPredctions #CryptoNewsCommunity #CryptoNews🚀🔥V

Despite its growing popularity, Bitcoin's volatility and lack of intrinsic value make it an unlikely replacement for gold as a safe-haven asset. While Bitcoin has gained traction as a hedge against inflation and market uncertainty, its limitations prevent it from replicating gold's timeless appeal.
Key Points:
- Volatility: Bitcoin's price fluctuations hinder its ability to provide stable value.
- Lack of intrinsic value: Bitcoin's value is derived from market sentiment, not tangible worth.
- Limited adoption: Bitcoin's use cases are restricted compared to gold's widespread acceptance.
- Regulatory uncertainty: Bitcoin's legal status varies globally, creating uncertainty.
Expert Insights:
"Bitcoin's safe-haven status is overstated. Its volatility and lack of intrinsic value make it unsuitable as a gold replacement." - John Doe, Financial Analyst
$BTC
#BTC☀ #bitcoin☀️ #TCPredictedNewATH #GOLD_UPDATE #GoldenLionSignal

HBO reveals Satoshi Nakamoto! Canadian developer accused of being Bitcoin creator, Peter Todd: I’m not Satoshi Nakamoto
A much-anticipated documentary on Satoshi Nakamoto by the American television company HBO was aired on Tuesday. It turned out that it was not the cryptographer Len Sassaman that everyone had guessed in advance; it was a Canadian software developer Peter Todd. HBO theorized that Todd was Bitcoin creator Satoshi Nakamoto, the pseudonymous cryptocurrency pioneer who mysteriously disappeared in 2011. However, the evidence in the documentary is still not enough to convince those who have long studied the mystery of Satoshi Nakamoto’s identity.
(Satoshi Nakamoto has committed suicide? HBO will expose the creator of Bitcoin, who is the most popular candidate Len Sassaman)
The director confidently pointed out: Peter Todd is Bitcoin creator Satoshi Nakamoto
Director Cullen Hoback made a major allegation in his documentary (Money Electric: The Bitcoin Mystery): Canadian software developer Peter Todd is the creator of Bitcoin, Satoshi Nakamoto. Although Todd flatly denied this, Hoback still stood by his reasoning and said he was "very confident" in it. The accusation sparked a new round of heated discussion about Satoshi Nakamoto’s identity.
Todd’s early interest in digital currency and Satoshi Nakamoto’s language characteristics
Peter Todd has been interested in creating digital currencies since he was a child. In 2001, as a young libertarian, he emailed digital currency pioneer Adam Back to ask how Hashcash's structure could be applied to a "decentralized 'central' database." Todd was still a teenager at the time, but his enthusiasm and curiosity about digital currency coincided with the philosophy of Bitcoin creator Satoshi Nakamoto.
In addition, Hoback also pointed out that Satoshi Nakamoto’s language use in the Bitcoin white paper and forums showed the spelling characteristics of British and Canadian English, such as the use of words such as “favour” and “neighbour”, which is consistent with Canadian consistent with people’s language habits. At the same time, Satoshi Nakamoto also uses American spelling, such as "realize". These details add to the similarity between Todd and Satoshi Nakamoto.
Code for "physicist turned software engineer"
Hoback further highlighted the characteristics of Bitcoin’s code. Todd was a graduate student in physics when Bitcoin was created, and he was a self-taught programmer. After Hoback hired experts to analyze the Bitcoin code, he received this evaluation: "This code lacks a sense of refinement, like a work written by a physicist who became a software engineer." This is consistent with Todd's background. The coincidence made Hoback firmer in his speculation.
“Flaws” on the Bitcoin Forum in 2010
During his investigation, Hoback found what he considered "definitive evidence": a post published on a Bitcoin forum in 2010, just two days after Satoshi Nakamoto's last appearance on the forum. In the post, Satoshi Nakamoto made a technical proposal regarding the Bitcoin code. Just a few hours later, Todd also posted a response on the same forum, making slight revisions to Satoshi Nakamoto’s proposal.
Todd wrote in response: "Of course, specifically, if the second transaction has a handling fee, the input and output cannot exactly 'match'." This response led Hoback to make a bold hypothesis: Todd actually He used the wrong account and accidentally responded to his previous post as Satoshi Nakamoto in his personal capacity.
Actual replacement fee mechanism
Years later, Todd put the discussed proposals into practice and implemented a mechanism called "Replace-by-Fee" (RBF), a technical improvement that became part of Bitcoin transactions. Hoback believes this fact further supports his theory that the technical details Todd was responding to were those he himself came up with.
How did Todd react?
In the documentary, Hoback faces the camera and addresses the forum post and the reasoning behind it directly to Peter Todd and Adam Back. When Hoback told Todd that he believed Todd was Satoshi Nakamoto, Todd denied it on the spot and called the speculation "ridiculous." Hoback noticed, however, that Todd seemed nervous when answering and smiled awkwardly to himself in front of the camera. "His reaction was indicative," Hoback said, "and Adam Back's silence during this conversation was almost as revealing as the evidence gathered before it."
However, Hoback acknowledged that there are still some unanswered questions, including why Todd didn't delete the potentially revealing forum response.
HBO documentary accuses Peter Todd of being Satoshi Nakamoto, but he denies it
This documentary titled (Money Electric: The Bitcoin Mystery), directed by director Cullen Hoback, attempts to reveal the true identity of Satoshi Nakamoto. But Peter Todd, the subject of the documentary, strongly denied this and called it "ridiculous."
(HBO launches Bitcoin documentary Money Electric, the identity of Satoshi Nakamoto will be revealed soon)
Although Todd insists on denying any connection to Satoshi Nakamoto, Hoback's documentary reignited speculation in the cryptocurrency world about Satoshi Nakamoto's true identity. As more evidence is unearthed, the debate over Bitcoin’s creator remains far from over.
Bets are off before the documentary airs
Before the documentary was released, punters in the crypto market placed $20 million in bets on the identity of Satoshi Nakamoto on the Polymarket platform. Most punters think the documentary will point to multiple creators or to someone who is not among the 15 candidates. The late American cryptographer Len Sassaman was once the most popular candidate, but after the documentary was released, everything became unclear again.
 
This article HBO reveals Satoshi Nakamoto! Canadian developer is accused of being the creator of Bitcoin, Peter Todd: I am not Satoshi Nakamoto appeared first on Chain News ABMedia.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
#bitcoin☀️ #satoshiNakamato #CryptoNewss #CryptoMarketTrend

XRP Struggles to Break Key Levels
#Xrp🔥🔥 price is currently attempting to break above the key levels of $0.5450 and $0.5500, which could trigger further growth. At the moment, XRP remains consolidated above the $0.5080 support level.
The price is trading near $0.5250 and around the 100-hour simple moving average. On the hourly chart of the XRP/USD pair , there was a break above a key #BEARISH📉 trend line with resistance at $0.5380. If the price can clear the resistance levels of $0.5450 and $0.5500, we might see a decent upward movement.

XRP Poised for Growth?
XRP has managed to stay above the $0.5080 support level, unlike #bitcoin☀️ and #etherreum , which have seen more significant declines. XRP started a slow rise above the resistance levels of $0.5220 and $0.5320.
The chart shows a break above the bearish trend line, but bulls faced resistance around $0.5450. This resistance is reinforced by the 23.6% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low.
Currently, the price is hovering around $0.5250 and the 100-hour simple moving average. If the price continues to rise, it could face resistance near $0.5350, with the next major resistance at $0.5450.
A breakthrough above $0.5500 could push the price toward the $0.5850 resistance level, which aligns with the 50% Fib retracement level from the $0.6640 swing high to the $0.5070 low. Further gains could take the price toward the $0.6000 or even $0.6050 in the near future, with the key target for bulls being $0.6250.
Risk of Another Decline?
If XRP fails to clear the $0.5450 resistance zone, another decline could begin. The initial support on the downside is near the $0.5220 level, followed by a more significant support around $0.5150.
A break below the $0.5150 level could cause the price to continue declining toward the $0.5050 support in the near term. The next major support sits around the $0.5000 zone.
Technical Indicators
Hourly MACD: The MACD for XRP/USD is now gaining momentum in the #BullishZone .Hourly RSI (Relative Strength Index): The RSI for XRP/USD is now above the 50 level, indicating bullish strength.Major Support Levels: $0.5250 and $0.5120.Major Resistance Levels: $0.5450 and $0.5500.

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