Bitcoin, Ethereum, Dogecoin Spike As $65M In Shorts Liquidated In A Single Day: Analyst Believes Major Bull Run Could Catapult King Crypto To New Yearly High

Major cryptocurrencies experienced a significant surge on Sunday evening, propelled by Bitcoin’s impressive performance throughout the week. With prices soaring by approximately 10%, Bitcoin reached the psychologically significant milestone of $30,000. 

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+1.51%$30,334Ethereum ETH/USD+3.10%$1,678Dogecoin DOGE/USD+1.11%$0.062

What Happened: This week, we witnessed a positive development in the cryptocurrency market as Bitcoin’s strength had a ripple effect on several altcoins, causing them to surge above their respective overhead resistance levels.

According to data from CoinGlass, over $65 million worth of shorts were…

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Thai crypto investors turn to tarot cards, divine signals to predict market

Crypto and stock investors have always found interesting and sometimes bizarre ways to “predict” the market’s ebbs and flows.

Some have suggested that our unconscious minds can predict the stock market through “precognitive dreaming,” while others have recently been turning to the advice of artificial intelligence chatbots.

However, in Thailand, there appears to be a growing group of investors turning to divine powers and astrology to predict market movements, including crypto — as recently highlighted in a r/cryptocurrency thread on Reddit.

One astrologist, who goes by “Pimfah,” has a 160,000-strong Facebook group where members ask for and send tarot card readings —…

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Sam Bankman-Fried trial moves to final stages

Sam Bankman-Fried’s trial is reaching its final stages over the next few days, with the prosecution scheduled to rest their case on Oct. 26 following the examination of almost 20 testimonies in the case.

The prosecution presented a lineup of witnesses over the past three weeks, including former FTX employees, customers, investors, government officials, and law enforcement agents. At the heart of the case is the central argument that Bankman-Fried intentionally deceived all of them and that he was behind the decisions resulting in the $8 billion gap between FTX and Alameda Research in November 2022.

As for Bankman-Fried’s defense, they still haven’t confirmed whether they will waive…

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Financial Applications Unlocked By Blockchain Offer Many New Reward Features, Says Shrapnel’s Francis Brankin

Shrapnel is a cutting-edge AAA first-person shooter game with a unique creator ecosystem that empowers players to shape the game’s future. The team behind Shrapnel, made up of BAFTA and Emmy Award-winning game industry veterans, brings extensive experience in transmedia, virtual production and gaming-as-a-service. 

Emerging from HBO Interactive, this acclaimed team has a proven track record with leading game companies, including Xbox, Electronic Arts, HBO, LucasFilm, Irrational and Zombie Ent, contributing to iconic titles like Halo, Call of Duty and Star Wars.

Benzinga recently spoke with Francis Brankin, head of economy at Shrapnel, and discussed blockchain’s impact on in-game…

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Crypto Analyst Sounds Alarm On Bitcoin’s Rally, Warns Traders Not To ‘Go Crazy’ As Crypto Soars By 10%

Crypto analyst Tone Vays recently shared his perspective on the recent trends. While Bitcoin BTC/USD has seen a notable uptick this week, Vays is urging traders to tread cautiously.

What Happened: Bitcoin experienced a 10% increase in value last week. However, Vays expressed reservations about its potential to sustain this momentum and hit the $32,000 mark.

In a YouTube video last week, he said, “Let’s not go crazy here. I still think there’ll be a pullback sometime in November. I don’t think this is rallying to $32,000.”

Vays predicted that Bitcoin would fall to around $28,000 before taking out the top of the range at $31,000 and rallying above $34,000.

At the time of…

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Soaring Inflation Threatening Financial Stability

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Toward A Node World Order

“Toward a Node World Order” was originally published by Michael Goldstein on BitcoinTimes.io

Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.

— Ludwig von Mises, The Theory of Money and Credit[1]

Introduction

The primordial state of man is poverty. Nature is unforgiving in its scarcity of available means. On a fixed amount of land with a fixed amount of technology, there is a physical limit to the output of labor. As Hans-Hermann Hoppe observes:

Only one way exists for such a stationary…

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