Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […]

Talkin' With Tom and Tony. Tesla Covered Calls and Cryptocurrency Tips. | Jul 5, 2024. Up Next. Expires in 4 days.

Bitcoin has slumped in the past week, falling 6% to sit well under the US $60k milestone. Several catalysts are behind the drop – largely, investors are concerned about the impact of US $150m+ Bitcoin re-entering supply. The German government seized and released over US $75m worth of BTC in the past week, while Mt. […]

TL;DR Market Downturn: The cryptocurrency market has seen a significant drop, with Bitcoin (BTC) falling to a low of $53,485 and altcoins like Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) experiencing substantial losses. The total market cap has decreased by nearly $250 billion. Investor Panic: Fear has gripped the market due to Mt. Gox’s […]

TL;DR ChatGPT highlighted two cryptocurrencies as top meme coins that could perform well if Bitcoin reaches $100K, due to their strong community support and historical performance. Lesser-known memes like MAGA (TRUMP), Jeo Boden (BODEN), and Kamala Horris (KAMA) could also see gains, additionally influenced by the upcoming US Presidential elections. ChatGPT Picks These Memes Meme […]

The use of blockchain and AI for improvement in various areas of society is essential in Africa now more than ever.

The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level.  Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted […]

Bitcoin fell below $56,000 in the last 24 hours, marking a 5.87% drop, while Ethereum (ETH) plummeted below $3,000, suffering a 9.96% decline. The entire crypto market saw a massive liquidation of $576 million, with long orders accounting for $499 million of this total. Bitcoin fell below $56,000, a 24-hour drop of 5.87%. ETH fell […]

The regulator overseeing South Korea’s financial institutions is unveiling a new surveillance system for illicit crypto activities as the nation prepares to enforce its first digital asset user protection law. In a new statement, the Financial Supervisory Service (FSS) says that it has collaborated with local crypto exchanges to develop a 24-hour monitoring system for […]

Does price of XRP have enough energy for local rise?

A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive […]

In recent years, football clubs have been increasingly embracing cryptocurrency as a means to enhance fan engagement and betting experiences.

In a Nigerian court on Friday, July 5, Binance’s illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval.

Over the past few days, crypto markets have tanked 15% with more than $350 million exiting the space. Monthly support levels have been broken sending crypto assets to their lowest levels since late February as bearish sentiment returns. However, the 28% market correction is nothing new and has happened several times during every market cycle. […]

Following a widespread crypto market crash on Friday, the price of Ethereum took a severe price hit falling by about 10%. While the prominent altcoin has made a minor recovery since then, its price slip has revealed some vital information on the holdings of Tron founder and key crypto figure Justin Sun. Justin Sun $66 […]

TL;DR Mt. Gox Repays Creditors After Decade: Mt. Gox, the infamous cryptocurrency exchange that collapsed in 2014, has finally started repaying its creditors after a long wait. Eligible creditors will receive their funds in Bitcoin and Bitcoin Cash through designated crypto exchanges. Market Jittery About Repayments: The repayments have caused some jitters in the crypto […]

A widely followed crypto analyst says that he’s identified when Bitcoin (BTC) could reach its cycle high if history were to repeat itself. In a new strategy session, crypto trader Rekt Capital tells his 481,200 followers on the social media platform X that the top crypto asset by market cap tends to peak 518-546 days […]

JPMorgan Chase just issued a major warning to its 86 million customers. The banking giant says a list of new regulations moving through Washington, D.C. will force the company to begin charging customers for checking accounts, reports the Wall Street Journal. The bank cites proposed regulations from the Consumer Financial Protection Bureau and the Federal […]

TL;DR Schiff’s Warning: Peter Schiff, known for his skepticism towards Bitcoin, warns that the bear market is not over, predicting further losses for Bitcoin ETF investors. Market Reactions: His comments have sparked debate, with some suggesting his predictions may be inversely correlated with actual market outcomes. Investment Risks: Schiff highlights the high risks associated with […]

The German government transferred over 2,000 BTC to exchanges, intensifying market sell pressure. MP Joana Cotar advocates for the government to retain Bitcoin, enhancing national financial strategy. Cotar leads the “Bitcoin in the Bundestag” initiative, promoting legislative understanding and support for Bitcoin. As Bitcoin dips, many look to the reasons why. The Mt. Gox creditor […]

Ran Neuner acknowledges significant selling pressure but isn’t worried, citing no fundamental changes or catastrophic events affecting Bitcoin. He highlights past market cycles where drawdowns were much larger, suggesting the current dip doesn’t signal an end to the bull market. Neuner notes that accumulating short positions could lead to a short squeeze, potentially driving Bitcoin […]

The cryptocurrency market is currently witnessing a significant shift in sentiment concerning two top altcoins – Cardano and Tezos, as they have slumped almost a staggering 100% from their respective all-time highs. Meanwhile, the debut meme coin with unbeatable growth potential and interesting utility, Raboo ($RABT) is attracting investors with its cutting-edge technology that could […]

Those who made bullish bets on Bitcoin, Ethereum, and other cryptocurrencies have taken a severe beating

Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […]

Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.

GTA VI, that is slated to be released in 2025, may use cryptocurrency as a payment type for in-game purchases, if reports are to be believed.

Macro guru and Real Vision CEO Raoul Pal says that the total crypto market cap is primed to skyrocket to a staggering $100 trillion. In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says that if the digital assets industry continues on with the same rate of growth, its […]

With almost $180 million in SOL tokens moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become entangled in whale activity. Investors feel chilly from this large fund movement, which begs the question of where the price of the currency will go in the future. Whales Making Waves The transfers, identified by blockchain […]

[PRESS RELEASE – Tokyo, Japan, July 5th, 2024] $DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024. The Data Ownership Protocol clarified that on Bybit, the token will be listed as […]

Mt. Gox has begun distributing Bitcoin and Bitcoin Cash to its creditors. Payments follow a 10-year delay due to the 2014 hack, with some still having to wait up to 90 days. The repayments caused widespread fear and a sell-off with BTC dropping, but analysts say it’s a buying opportunity. And it begins – now […]

Khamzat Chimaev introduced a memecoin called SMASH, which dropped 95% after being hyped. Analysis revealed that Chimaev’s team controlled over 71% of SMASH through insider wallets. This event reflects a broader trend of celebrity-endorsed cryptocurrencies crashing after initial hype. It all started with a now deleted post to his followers on social platform X. UFC […]

TL;DR The crypto market has experienced a wave of forced selling after the liquidation of more than $920 million in long positions over the past three days. The situation is exacerbated by the financial pressure on Bitcoin miners and the sale of BTC by the German government, as well as the reimbursement to creditors of […]