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news-imageJanuary 9, 2025

Is Bitcoin Ready for Quantum Computing? CryptoQuant Weighs In on the Risks

The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin's long-term resilience seem to have once again resurfaced. CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”.
Publisher: Bitcoinist
Sentiment: Negative
BTC

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Positive
cover-imageBitcoin
January 9, 2025

Bitcoin Meets AGI: Could AI's Evolution Lead to Bitcoin Becoming Its Default Currency?

Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence across a wide array of tasks, it might naturally turn to bitcoin as the leading cryptocurrency.

Negative
cover-imageCoindesk
January 9, 2025

Bitcoin Below $93K After $300B Wipeout

According to data tracked by TradingView, the crypto industry saw over $300 billion wiped out from the markets since Jan. 6, leaving bitcoin below $93,000 as of the U.S. morning hours. Plus, will the U.S. government liquidate $6.5 billion of BTC from the Silk Road seizure?

Positive
cover-imageBitcoin Magazine
January 9, 2025

The Future Of Home Bitcoin Mining Is Bright

A new Bitaxe device comes to market, Heatbit devices are helping everyday users mine bitcoin while keeping their homes warm, and 5,500 open-source mining developers continue to work together to push the home Bitcoin mining industry forward.

Positive
cover-imageBitcoin
January 9, 2025

Donald Trump Bitcoin Digital Trading Cards Launched on Ordinals Protocol

The President's love for crypto continues to shine with the launch of his latest NFT collection on the Ordinals protocol. Trump Debuts Bitcoin Digital Trading Cards President-elect Donald Trump‘s non-fungible token (NFT) collection debuted its first 160 products, the “Trump Bitcoin Digital Trading Cards” on Bitcoin through the Ordinals protocol.

Positive
cover-imageBenzinga
January 9, 2025

Bitcoin Silk Road Sales Would Affect Leverage Traders More Than Holders, Analyst Argues

Reports of the U.S. possibly liquidating most of its Bitcoin holdings seized from the Silk Road darknet marketplace may be more impactful for short-term traders than for long-term spot holders, according to a market analyst. What Happened: Pseudonymous cryptocurrency analyst Kun stated on X on Thursday that this type of news tends to cause mass liquidations in the derivatives markets due to increased volatility, but doesn't necessarily have a negative impact on the underlying value of the asset for spot holders.

Negative
cover-imageCryptonews
January 9, 2025

Thailand Authorities Raid Bitcoin Mining Farm Over Power Theft

Thailand's Provincial Electricity Authority dismantled a Bitcoin mining farm in Chonburi for tampering with meters to steal electricity. The sophisticated operation caused losses in the millions and raised concerns about monitoring energy theft amid growing crypto-related crimes. The post Thailand Authorities Raid Bitcoin Mining Farm Over Power Theft appeared first on Cryptonews.

Positive
cover-imageBitcoin
January 9, 2025

Thumzup Media Buys $1 Million Worth of Bitcoin

Another publicly traded U.S. firm adds bitcoin to its balance sheet with Thumzup Media's $1 million purchase. Thumzup Wants to Hold 90% of its Liquid Assets in Bitcoin Thumzup Media Corp., a publicly traded firm in the U.S. announced the acquisition of 9.

Negative
cover-imageThe Currency Analytics
January 9, 2025

Bitcoin Faces Potential $90K Drop as Funding Rates Decline

Bitcoin, the world's largest cryptocurrency, has encountered a sharp reversal, with its price dipping below $95,000 today, following a brief surge above $102,000 earlier this month. The sudden drop has raised concerns among market participants, prompting analysts to delve into on-chain data to identify underlying factors.

Neutral
cover-imageUToday
January 9, 2025

Did Bitcoin (BTC) Finally Reach Bottom?

Whether the market has finally reached its bottom has come into question in light of Bitcoin's recent decline to $93,224. Though the strength of this support will be determined in the next few hours, indications of demand are beginning to appear due to notable changes in the Binance spot order book during the sell-off.

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