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Digital Currency

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Renowned investor Bill Miller III continues to support Bitcoin, viewing it as an 'insurance policy against financial catastrophe.' Despite Bitcoin's volatility, Miller's early investment in the cryptocurrency has proven successful, with its value rising significantly since his initial purchase. Miller's investment philosophy focuses on understanding market dynamics rather than predicting trends.

Portfolio Pulse from Bibhu Pattnaik

August 25, 2024 | 4:30 pm

Telegram CEO Pavel Durov's arrest in France has led to a significant drop in the value of Toncoin, a cryptocurrency he developed. The arrest is linked to a police investigation regarding Telegram's moderation policies. Elon Musk has publicly called for Durov's release.

Portfolio Pulse from Navdeep Yadav

August 25, 2024 | 8:09 am

CoinFlip, a Chicago-based startup, is expanding its cryptocurrency ATM offerings beyond Bitcoin to include several other cryptocurrencies. The company is navigating a market correction in the Bitcoin ATM space, which is seeing consolidation and a reduction in the number of ATMs. CoinFlip is also exploring global expansion, particularly in New Zealand, and is investing in early-stage crypto startups through CoinFlip Ventures.

Portfolio Pulse from Anthony Noto

August 24, 2024 | 4:00 pm

Benzinga highlights bullish and bearish stock stories, including Nvidia's favorable AI prospects, Broadcom's AI partnerships, and Tesla's stagnation concerns. The market reacted positively to potential interest rate cuts, boosting stocks.

Portfolio Pulse from Michael Cohen

August 24, 2024 | 1:00 pm

Crypto analyst Michaël van de Poppe predicts Bitcoin could reach new all-time highs if it surpasses a key resistance level of $62,000. Bitcoin is currently trading at $64,028, having surged past this level. Van de Poppe also highlights the potential impact of ETF data inflows on Bitcoin's price. Additionally, he notes that Ethereum could trigger an altcoin market uptrend if it breaks the $2,700 resistance level.

Portfolio Pulse from Rounak Jain

August 24, 2024 | 5:35 am

Cryptocurrency markets are experiencing a bullish trend as Federal Reserve Chair Jerome Powell hints at potential interest rate cuts. Bitcoin, Ethereum, and Dogecoin are among the cryptocurrencies seeing significant gains. A 'golden cross' formation in Bitcoin suggests a potential rally, with experts predicting a bullish phase that could surpass the 2016-2017 cycle.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 7:35 pm

Bitcoin's price has risen by 4.66% in the past 24 hours, continuing a positive trend with a 6% gain over the past week. Despite a 14% drop in trading volume, Bitcoin remains the top cryptocurrency by market cap at $1.25 trillion.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 7:00 pm

Federal Reserve Chair Jerome Powell's indication of potential interest rate cuts has sparked optimism in the cryptocurrency sector, with experts predicting a possible Bitcoin rally. Powell's comments suggest a shift from aggressive inflation control to a more balanced economic approach. Historical parallels to previous rate cuts suggest potential for increased investor appetite in digital assets.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 5:36 pm

Ethereum has seen a 22% decline in the past month, but trader Eugene Ng Ah Sio anticipates a potential rally. Despite disappointing Ethereum ETF flows, the negative sentiment and whale capitulation suggest a low positioning for Ethereum, which could lead to a rally. The lack of a Solana ETF and potential unwinding of SOL positions may also shift market dynamics in Ethereum's favor.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 5:28 pm

A Bitcoin whale incurred a $4.8 million loss after selling BTC at a loss during market fluctuations. The trading activities of such whales can significantly impact the cryptocurrency market, causing price fluctuations. The Bitcoin bull-bear market indicator has been oscillating between bearish and bullish since early August.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 3:09 pm

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