Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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El Salvador launches civil servants Bitcoin certification, collaborates with Argentina

  • El Salvador launches 160-hour Bitcoin certification for 80,000 civil servants.
  • The program aims to enhance governance and build a Bitcoin-ready workforce.
  • Argentina collaborates with El Salvador to learn from its Bitcoin adoption success.

The El Salvador government, through its National Bitcoin Office (ONBTC), has embarked on an ambitious initiative to upskill 80,000 civil servants with a comprehensive Bitcoin certification program.

This is part of the nation’s ongoing commitment to integrating Bitcoin (BTC) into its economy and governance.

The certification program, named “Certification in Public Administration 1,” consists of a 160-hour virtual and asynchronous course divided into seven modules. Each module is designed to impart essential knowledge about Bitcoin, including its legal framework, strategic management, and the public policies surrounding its use as legal tender.

The Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in August 2021, will conduct the training, aiming to elevate the standard of governance in El Salvador.

Stacy Herbert, director of ONBTC, expressed optimism about the program’s long-term impact. She believes that educating civil servants on Bitcoin will have a “compounding effect” on the nation’s economy. “These education projects are low-time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,” Herbert stated.

This initiative is part of a broader strategy to create a Bitcoin-ready workforce, further solidifying the country’s reputation as a global pioneer in cryptocurrency adoption.

Argentina seeks to learn from El Salvador’s Bitcoin experience

El Salvador’s success with Bitcoin has also garnered international attention, particularly from Argentina. The South American nation, grappling with economic challenges, has sought to learn from El Salvador’s experience.

Argentina’s National Securities Commission (CNV) kicked off discussions with El Salvador’s National Commission of Digital Assets (CNAD) in May 2024 to explore collaboration opportunities in cryptocurrency regulation and adoption.

During a meeting between the two nations, Roberto Silva, president of Argentina’s CNV, emphasized the importance of strengthening ties with El Salvador. He hinted at potential collaboration agreements to leverage El Salvador’s insights into Bitcoin adoption, reflecting a growing interest in the cryptocurrency’s role in stabilizing economies facing hyperinflation.

As El Salvador continues to champion Bitcoin, its efforts are not only transforming its own public sector but also inspiring other nations to explore the potential of digital currencies.

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Whale accumulates $118M in Wrapped Bitcoin (WBTC) amid controversy

  • The whale acquired 347 Wrapped Bitcoin (WBTC) within just 12 hours on August 19.
  • BitGo plans to transfer control of WBTC to a joint venture involving itself, BiT Global, and the Tron ecosystem.
  • Coinbase has hinted at launching its own wrapped Bitcoin token, dubbed “cbBTC.”

An unidentified whale has been rapidly accumulating Wrapped Bitcoin (WBTC), amassing over $118 million worth of WBTC in a short span of time.

According to blockchain analytics firm Lookonchain, the unknown wallet has gathered a total of 1,953 WBTC, purchased at an average price of $58,853 per token.

The most recent transaction was particularly notable, with the whale acquiring 347 WBTC — valued at approximately $16 million — within just 12 hours on August 19.

 

This sudden and significant accumulation has raised eyebrows, especially as it coincides with ongoing debates and controversies surrounding the ownership and management of WBTC.

BitGo’s plans to transfer control of Wrapped Bitcoin (WBTC)

The controversy began earlier this month when BitGo, the firm responsible for issuing Wrapped Bitcoin (WBTC), announced plans to transfer control of the token to a joint venture involving itself, Hong Kong-based investment manager BiT Global, and Sun’s Tron ecosystem. This decision has led to heightened scrutiny and concern among major DeFi players.

In response, MakerDAO, a leading decentralized finance protocol, moved quickly to mitigate potential risks associated with WBTC. On August 16, the platform approved a proposal that prohibits borrowing against WBTC collateral on its Sparklend platform.

Similarly, Aave, another major DeFi protocol, is reportedly considering the adoption of an alternative wrapped Bitcoin token, TBTC, offered by Threshold Network.

Amid these developments, speculation is rife about the potential entry of Coinbase into the wrapped Bitcoin market. The US-based crypto exchange has hinted at launching its own wrapped Bitcoin token, dubbed “cbBTC,” which could further shake up the market.

The mystery whale’s aggressive accumulation of WBTC, in light of these industry shifts, adds a new layer of intrigue to the ongoing narrative in the crypto space.

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Self-custodial Bitcoin staking protocol Babylon announces mainnet

  • Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024.
  • The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said.

Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as it eyes the growing decentralised finance market on the leading blockchain network.

Babylon announces Bitcoin staking mainnet

In an announcement on Monday, the protocol revealed its mainnet launch will go live on August 22, 2024. The first phase of the mainnet will allow BTC holders to stake their coins with the self-custodial protocol.

Meanwhile, upcoming phases will see the Bitcoin protocol allow proof-of-stake networks to tap into the $1 trillion bitcoin network security. Projects that can gain access to and utilise this ecosystem include layer-2 chains, data availability layers and oracles.

“This launch leads to the third native use-case of Bitcoin, the asset beside value storage and simple payment: stake to secure networks and earn,” Fisher Yu, co-founder of the Babylon project, said. “We expect this to enhance the crypto-economic security of PoS chains and other decentralised applications, offering them a more secure and reliable infrastructure, while at the same time unlocking the value from the idle, unencumbered $1 trillion Bitcoin ecosystem.”

Babylon’s announcement comes after the platform raised $70 million in a funding round led by crypto venture capital firm Paradigm. Mainnet is supported by more than 200 finality providers, including Allnodes, Galaxy Digital, P2P, Figment, Luganodes, and Stakefish.

The project has also received support from top wallets such as Binance Web3 Wallet, OKX Web3 Wallet, Bitget Wallet, Keystone and TomoWallet.

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Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

  • BARR pattern breakout signals a potential 40% rise to $9.50 for Toncoin (TON).
  • Binance listing and Injective integration boost Toncoin’s price and liquidity.
  • Bitcoin Dogs’ 0DOG token will debut on Gate.io, MEXC Official, and Unisat Wallet.

As August progresses, Toncoin (TON) and Bitcoin Dogs, two prominent players in the cryptocurrency space are capturing the spotlight. Toncoin is showcasing impressive bullish momentum, while Bitcoin Dogs is preparing for a significant market debut.

With the crypto market witnessing fluctuating trends, these developments offer intriguing insights into the evolving landscape of digital assets. This article delves into the bullish signals for Toncoin and the highly anticipated launch of Bitcoin Dogs on major exchanges.

Toncoin bullish momentum and technical analysis

Toncoin (TON) has exhibited strong bullish signals, positioning itself as one of the top-performing cryptocurrencies.

As of August 19, 2024, Toncoin is trading at $6.82, reflecting a notable rise of 8.36% over the past week, despite a broader market decline. This surge is attributed to several key factors, including technical patterns, fundamental developments, and on-chain data.

One of the most compelling technical indicators for Toncoin is its breakout from a Bump-and-Run Reversal (BARR) pattern. This pattern, often a precursor to significant upward movement, suggests a potential price increase of around 40%, targeting the $9.50 mark.

The BARR setup begins with a lead-in phase, followed by a sharp downturn (bump), and culminates in a recovery and eventual breakout (run). Recent price behaviour aligns with this setup, reinforcing the bullish outlook.

The breakout, which occurred around August 18, 2024, was marked by a sustained rise above the previous declining trendline, coupled with increased trading volume. This technical shift is further supported by Toncoin trading above its 50-day and 200-day exponential moving averages (EMAs), both of which are showing upward slopes.

Additionally, the Relative Strength Index (RSI) remains above the neutral 50 level, indicating continued buying pressure despite short-term overbought conditions.

Fundamental factors have also played a crucial role in Toncoin’s recent price surge. Notably, the listing of Toncoin on Binance on August 15, 2024, has significantly improved its liquidity and market accessibility.

Furthermore, the integration of Toncoin with the decentralized finance protocol Injective on August 14, 2024, has enabled TON-based assets to be utilized within Injective’s ecosystem, enhancing its utility and adoption.

On-chain data further supports the bullish sentiment surrounding Toncoin. Analysis shows a redistribution of tokens from large holders (whales) to smaller investors. As of August 19, 2024, the percentage of Toncoin held by addresses with 100,000 to 1,000,000 coins has declined, while the share held by addresses with 10,000 to 100,000 coins has increased.

This shift indicates growing buying interest among mid-sized investors, often a precursor to bullish price action.

Bitcoin Dogs’ major market debut on August 21

In a parallel development, Bitcoin Dogs is set to make a significant market debut on August 21, 2024. The project, which raised over $13.496 million in its presale, will list its 0DOG token on three major exchanges: Gate.io, MEXC Official, and Unisat Wallet.

This milestone marks the transition from its presale phase to active trading and is expected to generate substantial interest and trading activity.

Bitcoin Dogs is notable for being the first-ever ICO on the Bitcoin blockchain, combining blockchain technology with canine-themed digital assets. The project features a metaverse called the Dogaverse, where users can engage in various activities, including gameplay and NFT trading centred around a canine theme.

The presale of Bitcoin Dogs was a resounding success, and the upcoming exchange listings represent a pivotal moment for the project. The strategic choice of exchanges reflects Bitcoin Dogs’ commitment to expanding its market reach and providing ample liquidity for its tokens.

The token claim process will also commence on August 21, allowing presale participants to access their tokens.

Looking ahead, Bitcoin Dogs has outlined an ambitious roadmap, including a game beta, token staking, and multi-chain support. The project’s innovative blend of blockchain technology and canine culture positions it as a unique player in the crypto space, with further developments planned for late 2024 and early 2025.

Conclusion

As Toncoin signals bullish momentum with promising technical and fundamental indicators, and Bitcoin Dogs (0DOG) gears up for its major exchange debut, these developments underscore the dynamic nature of the cryptocurrency market.

Investors and enthusiasts alike are keenly watching these developments, which could shape the future trajectory of these digital assets.

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Bitcoin Dogs to list on 3 major exchanges: Will 0DOG price explode?

  • Bitcoin Dogs (0DOG) will list on Gate.io, MEXC and Unisat on Aug. 21.
  • What does listing on the 3 crypto exchanges mean for 0DOG?

Bitcoin Dogs (0D0G) will be making its market debut with a bang as three major exchanges announce trading support.

Investors who have waited since the Bitcoin Dogs’ successful presale are excited as listings and token claims get a clearer timeline. But what does this milestone mean for 0DOG price?

Gate, MEXC to list Bitcoin Dogs

After making history as the world’s first BRC-20 token ICO on the Bitcoin network, 0DOG is poised to land on Gate.io, MEXC and Unisat. The cryptocurrency exchanges will list the play-to-earn and non-fungible token platform’s native token on Aug. 21, 2024.

This is a major milestone for the project, which secured more than $13.4 million in its presale.

In the next five days, 0DOG will be available across Gate.io, MEXC and UniSat – platforms that together have a combined trading volume of over $2.5 billion in daily trading volume. Gate.io and MEXC are top tier crypto exchanges with over $1 billion each in 24-hour volume.

Bitcoin Dogs game via Telegram mini-app

News that Bitcoin Dogs will go live on exchanges in coming days has interest in the project back to levels seen during the ICO. This also comes as the team behind the BRC-20 project hit key roadmap landmarks, including developments on the P2E ecosystem, 10K Ordinals NFTs and staking.

In the upcoming game, aspects such as PvP battles, exclusive access and mobile/Telegram app support has Bitcoin Dogs poised to hit the market as recent hits such as Kombat Hamster and Notcoin.

Recently, Telegram introduced mini apps and the in-app browser features, opening up decentralized applications to millions of users. The instant messaging platform is currently a top destination for crypto tap-to-earn and play-to-earn games, which is an ecosystem that Bitcoin Dogs also targets with its Telegram integration.

Bitcoin Dogs price forecast

Also helping Bitcoin Dogs price could be the overall developments within the Bitcoin layer-2 ecosystem. Multiple projects have interest in the decentralized finance (DeFi), gaming and metaverse market on the flagship blockchain network.

The gaming part will benefit from Bitcoin Dogs rollout of its game on Telegram.

Over 950 million monthly active users will have a chance to play the Bitcoin Dogs game via a Telegram mini-app, bringing the future of gaming to users. 0DOG will power this ecosystem and viral traction could be massive for the token’s value.

Analysts at Pantera Capital noted earlier in the year that the L2 market on Bitcoin could be a $500 billion market – a prediction that means Bitcoin Dogs’ first mover advantage puts it ahead of potential rivals.

The listing on Gate.io, MEXC and Unisat is a first major milestone that also adds to the positive catalysts for 0DOG. Savvy traders are likely to use the upcoming listing and the potential buy opportunity to add to their positions.

If interested in learning more about Bitcoin Dogs, visit the official website.

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