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    Bitcoin price today: BTC nears $63K lows, but September still set to close strong

    Bitcoin’s recent decline is part of a broader correction that started after the cryptocurrency hit the resistance trendline of its descending channel pattern. The price has dropped over 5% from this resistance level, with further declines potentially bringing BTC to support levels around $63,000 or lower.Despite the dip, the original cryptocurrency is on track for its best September in years, rising by at least 7% month-to-date. Historically, September has been a challenging month for Bitcoin, which has posted losses in eight of the past 11 years. However, the recent gains put Bitcoin in a strong position going into October, which has historically seen average gains of 23%.In the wider crypto market, crypto ETFs saw $1.2 billion in inflows last week, the largest total since mid-July. U.S.-based funds accounted for $1.17 billion of the total, with most of the inflows linked to expectations of further interest-rate cuts by the Federal Reserve.Bitcoin-focused funds attracted over $1 billion in inflows, while Ethereum products broke a five-week losing streak by adding $87 million.Bitcoin’s decline also mirrored similar moves in U.S. stock markets, reflecting reduced risk appetite ahead of several key economic reports due this week, including U.S. jobs data and a speech by Federal Reserve Chair Jerome Powell.Futures tied to the federal funds rate currently favor a modest 25-basis-point interest rate cut, with lower rates historically being positive for Bitcoin.Elsewhere, the drop followed reports of Israeli airstrikes on central Beirut, marking the first such attack in nearly a year amid ongoing hostilities with Lebanon’s Hezbollah. Bitcoin has previously reacted negatively to unrest in the region, with a similar pattern observed five months ago when the cryptocurrency dropped over 10% following an Israeli strike on Iran.Despite being promoted as a hedge against instability, Bitcoin often sees sell-offs during times of geopolitical crisis as traders exit riskier assets in favor of safer alternatives. More

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    BC.GAME Announces Launch of $BC Mining Rush Event with 1 Billion $BC Token Prize Pool

    BC.GAME, a leading crypto igaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more.This event aims to offer participants an easy entry into the crypto space, providing opportunities for daily wins while keeping participation straightforward and accessible.Key Highlights of the $BC Mining RushThe $BC Mining Rush boasts a daily prize pool of 50 million $BC tokens. Players can enter the prize draw with a minimum wager of $1. Larger wagers can increase a participant’s share of the daily rewards. This format enables both new and experienced players to compete for a portion of the overall 1 billion $BC prize pool.Pre-Registration for Early AccessPre-registration begins on September 24, 2024, and will remain open until the end of the event on October 20, 2024. Early registrants can maximize their chances of winning by participating from the start. While late registration is possible, opportunities decrease as the event progresses.Easy and Accessible ParticipationThe event is designed to be user-friendly, requiring no complex procedures or technical expertise. Participants need only place their wagers daily, with rewards distributed the following day. This straightforward approach ensures players of all experience levels can engage easily and transparently.Daily Rewards Based on WagersEach day of the event offers new chances to win a portion of the 50 million $BC daily prize pool. A participant’s rewards will correspond to their percentage of total wagers for that day, with higher wagers increasing the potential for larger returns.How to Participate:For more information, users can visit BC.GAME’s official website and follow them on social media to stay updated on all the latest developments.About BC.GAMEBC.GAME is a leading online gaming platform offering a wide range of games and sports betting opportunities. Known for its user-friendly interface, robust security, and commitment to innovation, BC.GAME continues to be a top choice for crypto enthusiasts worldwide. With exciting events like the $BC Mining Rush, BC.GAME provides unparalleled opportunities for both gaming and earning within the crypto ecosystem.For more information, users can follow BC.GAME on Twitter.ContactOlivia DixonBC.GAMEoliviadi@bcgame.comThis article was originally published on Chainwire More

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    Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the appointment of Robert MacDonald as the new Chief Legal & Compliance Officer. With a distinguished career spanning both the public sector and traditional finance, Robert brings a wealth of expertise in regulatory compliance and combating financial crime, reinforcing Bybit’s commitment to legal integrity, principled compliance, and robust governance.Robert’s leadership will be instrumental in paving a sustainable and responsible path for Bybit’s continued growth. He began his career practicing criminal law as a barrister in London, specializing in the field of financial crime, before serving the U.K. Ministry of Justice. Over the next decade, Robert embarked on a cross-continental journey mostly in traditional finance and banking, working for global institutions including one of the world’s largest asset managers, South Korea’s most popular eCommerce company, and crypto exchange Binance. In his new role, Robert will oversee a joint legal and compliance team in navigating the rapidly evolving regulatory landscape. The team is comprised of a dedicated taskforce of legal counsels who cover a wide array of global legal issues and topical research, as well as a versatile compliance function including: a regulatory compliance function looking after licensing and registrations matters across jurisdictions and adherence to local requirements; a global compliance team of Money Laundering Reporting Officers; and specialists in compliance operations focusing on a safe and responsible client onboarding process including rigorous compliance controls throughout the user lifecycle. #Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press For media inquiries, readers can please contact: media@bybit.comFor more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

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    Coinbase , Other Bitcoin-Related Stocks Decline

    Coinbase (NASDAQ:), Other Bitcoin-Related Stocks DeclineBitcoin Falls 3.3%COIN -3.4%Microstrategy, Inc. (NASDAQ:) -5.3%Riot Platforms (NASDAQ:) -4% Marathon Digital Holdings (NASDAQ:) -4%Hut 8 Mining Corp (HUT) -5%Iris Energy (IREN) -4%Core Scientific (CORZ) -3%Cipher Mining (NASDAQ:) -5%Bitfarms (BITF) -4.4% CleanSpark (NASDAQ:) -4.1%Bitdeer Technologies (BTDR) -10% More

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    Cypher Capital joins $12 million funding round for SecondLive

    The funding round was led by Crypto.com, with additional contributions from Spark Digital, MetaEstate, TAISU Ventures, and other investors. The new financing brings SecondLive’s total funding to $15M, according to the statement.SecondLive, which uses generative AI to create virtual spaces and social experiences in the Metaverse, plans to use the funds to upgrade its infrastructure for large-scale events, expand social networks, and support creator economic activities, the company said.With over 5M registered users and 1.81M digital assets generated by users and AI, the platform operates across eight major blockchain networks, including BNB Chain, Ethereum, and TON.”We are thrilled to have Cypher Capital onboard as a key partner,” said SecondLive. “Their expertise within the crypto industry will be invaluable as we continue to grow and innovate our platform for the next wave of Web3 adoption and advancement.”In 2021, SecondLive reached a valuation of $30M after securing an undisclosed amount of seed funding from Binance Labs, the venture capital and incubator arm of Binance, as well as support from Binance Smart Chain’s $1 billion fund.”SecondLive is revolutionizing the way users interact within digital environments and the Metaverse,” added Vineet Budki, CEO of Cypher Capital. “They are at the forefront of utilizing AI to create dynamic, user-generated virtual spaces, opening up the future of Web3 to the Metaverse and a variety of applications that aligns with Cypher Capital’s vision for the future of Web3.”Cypher Capital backs early-stage blockchain projects with both funding and strategic support. The company focuses on areas like DeFi, NFTs, infrastructure, and Web3, prioritizing projects that encourage blockchain adoption. With a global network, Cypher Capital provides a wide range of support, including financial tools, market insights, and consulting. Its portfolio includes investments in projects such as Ton, Solana, Sui, Berachain, Sei Network, and zkPass, among others. More

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    $70,000 Has Never Been Closer for Bitcoin (BTC), Will Shiba Inu (SHIB) Finally Reach $0.00002? Ethereum (ETH) Missing Comeback

    The ability of Bitcoin to continue on its upward trajectory is the most crucial factor in this situation. As if to reverse the downward trend that began earlier in the year, the asset has been making higher lows. For investors who have been waiting patiently for a breakout this is encouraging, particularly considering that the current price of Bitcoin is close to $70,000.However, while the momentum is on Bitcoin’s side, there are two important price levels that traders should keep an eye on: The current resistance level at which Bitcoin has previously struggled is $67,000. Indicating to the market that BTC has amassed sufficient strength to advance higher, a clear break above this price could start a rally toward the $70,000 mark; $62,000: In the short term this is the most important support level.Here is where bulls are likely to intervene to support the price if there is any pullback in Bitcoin. Sustaining the upward momentum and averting a more significant correction require holding above this support.As it has historically served as a major obstacle for SHIB during its rallies, the most significant resistance level is located around $0.000021. More possible gains would be made possible if this level of support for higher prices was broken. The overall context of the crypto market is another important element. Shiba Inu might benefit from more tailwinds if Bitcoin and Ethereum maintain their upward trends, which would help it gain traction and appreciate in value.Notwithstanding, the market remains unstable and SHIB must sustain its present trajectory in order to advance further. At the moment SHIB is also profiting from a technical setup that is working in its favor with important moving averages starting to align. In particular, the 200-day moving average is a crucial level of support for SHIB that might aid in maintaining price stability even in the event of some short-term volatility.Ethereum is still under bearish pressure as seen by its inability to break above this moving average. Since Ethereum’s recent attempts to break above $2,700 have repeatedly failed and the price has fallen back below $2,600, traders are becoming more wary. Furthermore, there is a weak crossover pattern on Ethereum’s 50-day and 100-day moving averages, suggesting that short-term upside potential may be limited.The absence of institutional inflows is another important factor that is behind Ethereum’s lackluster performance. Little to no major buying pressure from major players has existed over the past few months. Institutions have shown renewed interest in Bitcoin, but Ethereum has not seen the same surge in investment.For ETH to surpass its current range has proven challenging due to the lack of institutional support. Additionally, the relative strength index for Ethereum is currently neutral to slightly bearish, indicating that there isn’t a lot of buying demand to sustain a rally.This article was originally published on U.Today More

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    MetaVirus (MVT) IEO Launches on ProBit Global: Transforming GameFi with the NexGami Platform

    ProBit Global is excited to announce the Initial Exchange Offering (IEO) of MetaVirus (MVT), the innovative gaming token powering the first Web3 game on the NexGami platform. MetaVirus combines immersive gameplay with rewarding incentives and blockchain integration, creating a distinct experience that differentiates it from traditional mobile games.The IEO has now entered Round 2, offering a 5% bonus on MVT purchases made with PROB. This round will end on October 2, 2024, at 03:00 UTC, following the successful completion of Round 1. By participating, users will join the rapidly expanding MetaVirus community and be part of its exciting growth journey.With ProBit Global, gamers can explore the next evolution in mobile RPG gaming. As NFTs and digital assets increasingly shape the gaming landscape, ProBit Global is introducing decentralized GameFi economies and blockchain technology to create a fair rewarding ecosystem for both gamers and investors. One area of improvement ProBit Global has identified for gamers is the lack of ownership in gaming. Some gamers may spend hours upon hours on a game and collect many in-game items that would be perishable if the game is shut down or can’t be played anymore. This leads to the loss of digital assets that could be valuable elsewhere. This is an area where MetaVirus introduces blockchain technology for mobile gaming.By leveraging NFTs, it can be a solution to transfer digital assets to another game or can be tradable, gamers won’t have to worry about their digital assets being lost forever. Thus, NFTs are available in MetaVirus to enhance the gaming experience and provide gamers with true ownership.MetaVirus invites Gamers into a fantasy world inhabited by adorable virus characters. Built on the Unity engine, it offers auto-battle gameplay and faction-based fights, enhanced by real-time voice chat for an interactive community experience. The game features free-to-play access, play-to-earn mechanics, engaging auto-battle pet RPG gameplay, faction fights, union wars, and an Infinite Growth Fusion Reincarnation System. Gamers can benefit from resource recycling to earn rewards, along with an in-game wallet and NFT auction house for trading valuable assets.Moreover, Gamers are rewarded with in-game resources, while investors can receive earnings from game taxes through governance tokens. The platform’s smart contracts ensure transparent token distribution among gamers, investors, and the game studio.MetaVirus is set to redefine the RPG mobile gaming experience by integrating blockchain technology. From NFTs to decentralized gaming economies, MetaVirus is bringing a whole new world of digital ownership and gaming economies for gamers to explore. This IEO presents an opportunity for game lovers and investors alike to be part of a transformative project at the forefront of the GameFi revolution.Users can join the MetaVirus IEO on ProBit Global for early access to $MVT tokens and stay ahead of the game.ABOUT PROBIT GLOBALFounded in 2018, ProBit Global is a top 20 cryptocurrency exchange offering access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 5,000,000 users, globally.With a powerful crypto trading interface, smooth integration for automated crypto trading bots, fiat on-ramp support for over 100 currencies, and a multilingual website in 50 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.To learn more, users can visit probit.com.ProBit Global Telegram: https://t.me/ProBitGlobalOfficialProBit Global on X: https://x.com/ProBit_ExchangeContactTheo HeisenbergProBit Globalmarketing@probit.comThis article was originally published on Chainwire More

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    Ancient Bitcoin Whale Awakens After 10 Years of Dormancy: Details

    Blockchain data tracker Whale Alert reported that “a dormant address containing 150 BTC ($9,831,428) has just been activated after 10.5 years.”This activation adds to a growing trend of ancient Bitcoin wallets reawakening in recent weeks, sparking curiosity and speculation within the crypto community.Dormant wallets, especially those holding large amounts of Bitcoin, are often tied to early adopters or miners who acquired or mined BTC at a time when the cryptocurrency was worth just a fraction of its current price.While the identity of the wallet’s owner remains unknown, the awakening of such dormant addresses often fuels speculation. Some wonder if these long-term holders are cashing out, preparing to sell, or moving their assets to more secure locations in response to broader market movements.The recent surge in dormant wallet activity highlights the massive gains early Bitcoin holders have achieved: What was once a little sum has now become a fortune. As more ancient whales reenter the market, their movements will likely continue to be closely monitored in the days ahead.Bitcoin is up 56% in 2024, aided by inflows into U.S. Bitcoin exchange-traded funds, but remains behind the March record of $73,798. BTC has increased by nearly 11.31% this month, compared to an average 5.9% fall in September over the last decade.The largest cryptocurrency by market capitalization is on track for one of its best September increases as a global wave of interest-rate cuts, led by the U.S. Federal Reserve, helps it break a seasonal jinx.This article was originally published on U.Today More