Bitcoin Magazine and Nitrobetting.eu Present "The Bitcoin Halving Challenge"

NitroBetting.eu, a leading Bitcoin-exclusive sportsbook, has joined hands with Bitcoin Magazine to introduce an exciting new contest, The Bitcoin Halving Challenge.

This innovative contest offers participants a unique opportunity to put their Bitcoin market prediction skills to the test. A pool of 50 winners with the most accurate predictions will share a total prize of 1 Bitcoin.

The contest opened for registration on Wednesday, November 1, 2023 and will remain open until March 31, 2024, at 11:59 pm EST. Interested participants can submit their guess at www.bitcoinhalving.com.

Anyone over 18 years old can participate. To qualify for the prize pool and be eligible for withdrawal of…

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Before They Were Cool: Covenants In Production Nn Liquid

Ever since the Bitcoin community embarked on discussions surrounding the optimization of covenants, there’s been a growing interest in learning more about their tradeoffs and the covenants already deployed on the Liquid Network.

In light of this renewed interest and to encourage further discussion, let’s review some of Liquid’s current covenant offerings, comparing them with the leading proposals on Bitcoin and examining their respective use cases.

History of Covenants on Liquid

Covenants on Liquid can be traced back to the deployment of the first Elements sidechain, Alpha. This sidechain introduced the opcodes OP_CHECKSIGFROMSTACK (CSFS) and OP_DETERMINISTICRANDOM along with a number of…

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Phones and the internet aren’t blamed for terror finance. Crypto shouldn’t either.

Hamas’ blatant terrorist aggression that claimed more than 1,400 lives and the graphic videos emerging from Israel triggered vivid memories for me. Growing up in the suburbs of New York City, my friends and family were directly impacted by the atrocities of Sept. 11, 2001. As a Marine Officer, some of my closest friends were killed and wounded in the wars that followed.  

In 2004, I served in the hell of Ar Ramadi, Iraq. By that time, Al Qaeda had infiltrated the city, inflicting unspeakable and gruesome acts of terror on its residents, and in my Marine Corps infantry unit, the casualties mounted. 

Having witnessed these horrors, I have no tolerance for terrorism and condemn those…

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As Uniswap fees accumulate, other trading platforms join the fray

Uniswap Labs has seen $764,000 in revenue since enabling fees on some Uniswap trades two weeks ago, according to Blockworks Research. But it’s not the only DeFi platform to toy with enabling the fee switch.

In recent weeks, Osmosis, Blur, and Hashflow have also received proposals to introduce trading fees. One industry participant said the growing interest in fees is a sign that DeFi is maturing towards a focus on revenue. However, another speculated that fees may be impractical when trading platforms can be duplicated.

Last month, the DeFi giant Uniswap Labs began charging fees on trades through its interface involving certain asset pairs. The interface fee is in addition to the…

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BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.

BTC/USD 1-hour chart. Source: TradingViewBitcoin undoes post-Fed gains

Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight.

The largest cryptocurrency had hit new 18-month highs of $35,968 on Bitstamp before consolidating — a process which was gathering momentum at the time of writing.

The highs had come on the back of encouraging language from Jerome Powell, Chair of the United States Federal Reserve, who in a speech suggested that interest rate hikes might soon end.

The Fed opted not to change…

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US trustee objects to amended disclosure statement in Genesis bankruptcy

A trustee for the US government filed an objection to an amended disclosure statement in the Genesis bankruptcy.

William Harrington, the US trustee who works for the Department of Justice, claimed that the new disclosure statement “materially changes the terms of the plan previously filed by the Debtors.”

The disclosure was filed as part of the joint plan on Oct. 24.

Harrington claimed that the biggest change comes in the form of the sale plan, stating that “most obviously, the discharge language has been removed and the Debtors have announced that they are no longer seeking a sale of their assets.”

The trustee alleges that the amended disclosure statement is now a new statement…

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‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%

Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency.

Fam I have something embarrassing I must admit.

I just bot $SOL, I know its a Sam-coin piece of dogshit L1 that at this point is just a meme. But it is going up, and I’m a degen.

Let’s Fucking Go!

— Arthur Hayes (@CryptoHayes) November 2, 2023

SOL’s price has rallied 500% in 11 months

Hayes’ self-admitted SOL purchase occurred after it had already rebounded 500% from its market bottom near $8 in December 2022.

In addition, the purchase came days after VanEck, an asset management firm…

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A Bitcoin Awakening: Understanding Finally Clicks

The first time I heard about bitcoin was from my husband. He came home from work one day very excited to tell me all about this magic internet money. I was not impressed. I told him he sounded crazy and that was that, or so I thought. He brought up the conversation again maybe a week or two later. But this time he made sense, I could understand more of what he was saying and I could see how passionate he had become about it. Don’t get me wrong he still sounded like a lunatic (I think his eyes were even glowing) but he clearly did some reading and was able to communicate what he learned to me in a way I could understand. From then on, we were in it.

At first I was in it for the money….

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Another ether ETF launches — where do the rest stand?

It’s been a month since the first ether futures ETFs hit the US market, and demand for such products has remained relatively sparse.

Another ether-related fund offering looking to give investors short exposure to the asset — also via futures contracts — launched Thursday. 

The lack of interest in the previously launched ether futures ETFs could signal investors are awaiting spot exposure to ETH — something the Securities and Exchange Commission might be pressured to allow as early as next May.

Six ETFs holding ether futures launched on Oct. 2. About a month later, those funds have roughly $20 million in combined assets under management. The Valkyrie Bitcoin and Ether Strategy…

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4 signs Bitcoin is starting its next bull run

As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away.

BTC price historical patterns, halving

Bitcoin’s (BTC) price trends often exhibit cyclical behavior. Analysts have drawn parallels between the current price trajectory and historical patterns, suggesting a potential bullish cycle reminiscent of 2013 to 2017.

BTC/USD 1-month chart (Bitcoin halving marked in yellow). Source: TradingView

Similarly, Bitcoin’s historical bull runs tend to follow four-year cycles, often spurred by events like the halving, which reduces the…

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