The crypto market endured a massive correction on Sunday and Monday, but it’s not all bad news, according to one popular digital asset analyst. The pseudonymous trader known as Credible Crypto tells his 407,400 followers on the social media platform X that Bitcoin (BTC) witnessed a “beautiful wipe” of its open interest (OI), which tracks […]

Bitcoin and crypto markets experienced a robust recovery Tuesday, with Bitcoin surging past the $56,000 mark and Ethereum breaking above $2,500, bouncing back from the “Block Monday.” Yesterday, Bitcoin plummeted over 15%, touching lows near $49,000, while Ethereum dropped by more than 20% to a low of $2,115. The recovery in Bitcoin and crypto paralleled […]

Binance faces a demand for nearly $86 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban.

A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to Coingecko, forecasts that crypto trading volumes in the region will reach $7.82 trillion in 2024, with Brazil and Chile being the […]

TL;DR Ripple’s XRP dropped to $0.43 on August 5 but rebounded by 15% the following day, surpassing $0.50. Some analysts see the correction as an opportunity, with optimism about XRP’s future potential despite recent volatility. Back on the Green Track The cryptocurrency sector experienced a severe correction on August 5, which affected Ripple’s XRP. Its […]

Ripple’s top executive has offered community his take on recent market crash

Semler Scientific, a public medical technology company, announced it had purchased an additional $6 million worth of Bitcoin. This latest purchase brings its total Bitcoin holdings to 929 BTC, worth $63 million. JUST IN: 🇺🇸 Public Company Semler Scientific purchases additional 101 #Bitcoin for $6 million. pic.twitter.com/VLFwuPwXQV — Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Semler […]

TL;DR Vitalik Buterin sold 17.1 billion Neiros, causing a 60% drop in its price. Neiro’s team asked Buterin to donate part of the profits to shelters for stray dogs. Neiro had reserved tokens for future trades and charitable causes. Vitalik Buterin, the co-founder of Ethereum, has caused a ruckus in the market by selling 17.1 […]

A crypto-focused nonprofit says that US senators have so far received over 2,200 letters urging them to co-sponsor and support a bill to make Bitcoin (BTC) a strategic reserve asset. Bitcoin mining advocacy organization Satoshi Action Fund launched an initiative encouraging the public to ask their senators to support the BITCOIN Act of 2024 proposed […]

TL;DR The creation of new Ethereum addresses has dropped to its lowest level of the year, reflecting a cooling demand for the digital asset. ETH network activity has significantly declined, with a notable decrease in active addresses over the past few months. The approval of ETH spot ETFs and the lack of an expected price […]

In a significant development for the cryptocurrency and banking sectors, Fintex, a new fintech company founded by industry veteran Salvo Castagna, …

Despite Bitcoin’s (BTC) mixed summer performance, one of Wall Street’s largest cryptocurrency miners managed to increase production. Riot Platforms (NASDAQ: RIOT) reported in its latest report a 45% increase in mining to 370 BTC in July. Wall Street Bitcoin Miner Riot Increases Production According to Riot’s report published this week, BTC mining in July reached […]

Ether price is mirroring a fractal pattern from October 2023 that preceded a 178% ETH price rally.

Raoul Pal champions a long-term “buy and hold” strategy for investments, deeming them less stressful and more effective than short-term trading. He attributes the recent market crash not just to the yen carry trade but to broader issues like slow global economies and a strong US dollar. Pal recommends limiting exposure to high-risk assets like […]

The total crypto market cap has fallen below US$2 trillion, marking the largest drop since the 2022 FTX crisis. Bitcoin dominance rose to 60% despite its price falling to as low as US$49,513, reflecting mixed market reactions. Despite recent losses, ongoing institutional adoption and debates over Bitcoin’s role highlight its evolving market presence. The total […]

In a striking shift in the cryptocurrency landscape, traditional investors in Bitcoin (BTC) and Ethereum (ETH) are increasingly reallocating their assets into newer, high-potential tokens. This article explores why investors are pivoting away from established giants like BTC and ETH and why Mpeppe (MPEPE) has emerged as a compelling alternative. The Shift from Bitcoin (BTC) […]

Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining AI with physical atmospheric processes, researchers have developed a hybrid modeling approach that provides more […]

The financial commentator has downplayed the severity of the crash

Digital assets manager CoinShares says that institutional crypto investors pulled hundreds of millions from digital asset investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products suffered $528 million in outflows last week due to fear of a recession in the United States. “Digital asset investment products […]

Global markets are starting the week deep in the red amid a large sell-off partially triggered by the Bank of Japan’s decision to raise rates. Following the bank’s decision to raise rates to 0.25%, Japan’s Nikkei 225 Index had its worst day since March 2020, dropping 5.9%. Then, on Monday, the Nikkei experienced its worst […]

[PRESS RELEASE – George Town, Grand Cayman, August 5th, 2024] Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in […]

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

As of late July, the State of Michigan Retirement System had about $6.6 million invested in bitcoin, the most well-known form of cryptocurrency, said …

Last month saw Cardano through a small relief period after undergoing a two-week bounce off a key low level. However, it later encountered resistance and slowly resumed bearish momentum daily. ADA’s market structure has continued to turn bearish on a daily scale due to a lot of deductions in the past few days. Things have […]

TL;DR The percentage of Bitcoin holders in profit has dropped from 93% at the end of July to the current 75%, coinciding with Bitcoin’s price falling below $50,000. The last time the percentage of BTC addresses in profit was at similar levels was in January, when the price hit a low of $39,000 before rising […]

Bitcoin (BTC), the leading cryptocurrency and a staple in digital asset investment, has recently encountered a significant downturn in its price. This decline has been exacerbated by geopolitical developments, particularly Iran’s growing influence on the global stage. As investors reevaluate their positions in light of these changes, Bitcoin (BTC)’s volatility raises questions about its future […]

Trump has proposed Bitcoin as a tool for mitigating the US national debt, which is above US$35 trillion The former president warned that if the US does not get at the forefront of digital asset innovation, China and other countries will. Overall, Bitcoin is a key subject at the top brass of the political administration, […]

Analyst Benjamin Cowen is warning that altcoins could correct even further based on historic precedence. In a new video, Cowen tells the 804,000 subscribers of his YouTube channel that the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins, may be repeating a similar 2019 pattern. […]

Crypto investment firm Galaxy Digital is issuing a warning, saying that Bitcoin (BTC) layer-2s are in danger of potentially losing their funds. In a new research post, the crypto firm says Bitcoin’s blocks – or files where information is stored and encrypted – are crowded due to excessive demand. According to Galaxy Digital, BTC layer-2 […]

The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling as factors contributing to the decline. Nikkei Posts Worst Single-Day Loss In […]

There’s still hope for XRP

A group of Compound DAO members called the “Golden Boys” won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.