A closely followed crypto strategist thinks three altcoins including the layer-1 project Sui (SUI) are in the midst of a clear downtrend. Pseudonymous analyst Altcoin Sherpa warns his 218,900 followers on the social media platform X that SUI, along with fellow smart contract platform Near (NEAR) and the AI-focused Artificial Superintelligence Alliance (FET) are trading […]

A closely followed economist believes crypto and the US stock market are still poised to witness a massive upside move despite the latest correction. Henrik Zeberg tells his 147,900 followers on the social media platform X that it is not yet the time for crypto and stocks to collapse and enter a period of a […]

Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s […]

TL;DR Ronin Bridge Hacked: The Ethereum sidechain Ronin Bridge, crucial for transferring assets in the popular play-to-earn NFT game Axie Infinity, suffered a breach. Malicious actors stole 3,996 ETH (approximately $9.33 million). Whitehat Reports and Governance Concerns: Security firm PeckShield confirmed the hack, prompting a pause in operations. Ethical hackers suspect a Maximal Extractable Value (MEV) exploit. This isn’t the first […]

After experiencing its worst crash in a few years, bitcoin’s price has bounced off, and the asset has recovered over six grand in the past 18 hours or so. The alternative coins have followed suit with even more impressive gains today, and the total crypto market cap has added more than $200 billion since yesterday’s […]

Bitcoin fell to lows of $49,050, last seen in February this year amid global market sell-off

The latest data from Bitcoin Magazine Pro’s Fear and Greed Index reveals that Bitcoin sentiment has dropped to a near “extreme fear” level, scoring 26 out of 100. Historically, such a low score suggests a potential buying opportunity for savvy investors, as market sentiment indicates undervaluation and widespread caution. The Fear and Greed Index is […]

Sky Mavis’ co-founder shared that the Ronin network is opening its ecosystem to builders. Builders on the Ronin network will be able to create their own zkEVM layer-2s to further enhance the blockchain’s scalability and onboard new games. zkEVMs remain a complex technology under development, but it’s quickly gaining ground in the Ethereum ecosystem. Sky […]

Inflows into Australia’s first ETF to directly hold Bitcoin, Monochrome’s IBTC, have remained healthy despite massive falls in crypto and traditional markets, as Aussies look to buy the dip. According to Monochrome CEO, Justin Yew, yesterday marked a daily trading volume record for IBIT with the day ending with net inflows to the fund. The […]

Panic from the stock markets has spread to the crypto market, and even the meme sector has been torched. Dogecoin and Pepe have seen significant portions of their circulating supply get liquidated on several exchanges. The bearish waves started early last week, and the massive liquidations have exacerbated their effects; even top tokens are left […]

European digital asset investment firm CoinShares reported financial results for the second quarter of 2024 today (Tuesday), building on the momentum from Q1 and announcing a special dividend following the successful recovery of its FTX claim. However, the report indicates that FlowBank’s collapse negatively impacted the company’s “principal investments,” ultimately consuming the vast majority of […]

The cryptocurrency market experienced a massive bloodbath on Monday, with leading altcoins plummeting double digits in the indices.

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 […]

A top crypto strategist thinks Bitcoin (BTC) and the crypto markets are due for another correction before seeing a sustained recovery. Pseudonymous analyst The Flow Horse tells his 223,400 followers on the social media platform X that markets often do not instantly reverse after an extreme correction. On Monday, Bitcoin dropped by as much as […]

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 […]

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 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 […]

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 […]

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 […]

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

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

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 […]

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 […]

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 […]

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 […]

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 […]