Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]

North Korean actors are already known to exploit the cryptocurrency industry and designated non-financial businesses and professions, including …

The Bitcoin network hash rate reached a new all-time high on September 3rd, surpassing 740 exahashes per second (EH/s). This comes even as Bitcoin prices trade below $60,000. JUST IN: #Bitcoin's hash rate hit a new ALL TIME HIGH 🚀 pic.twitter.com/BiLY3pRRIV — Bitcoin Magazine (@BitcoinMagazine) September 3, 2024 A higher hash rate reflects more computational […]

Research from crypto exchange Bitfinex warns that reactions to recent rate cut news could bring down crypto prices in September. In its latest research, Bitfinex speculates that Bitcoin (BTC) could fall as low as $40,000 over the coming weeks. “If we were to speculate, we would caution to expect a 15-20% decline when rates are […]

Bitcoin, after experiencing a blood bath last Month, several analysts have re-analyzed its price action to see what this new month of September might hold for the Bitcoin Market. Amongst them, a renowned crypto analyst known as Mags on X has recently shared an insightful perspective on Bitcoin’s current market behavior in one of his […]

The SpaceX subsidiary claimed the Brazil Supreme Court decision was “illegal,” but it would comply by suspending access to the social media platform.

Cardano has finally launched its long-awaited Chang hard fork, bringing the network closer to its goal of full decentralization. However, the price of Cardano ADA is still down. Another struggling top crypto, Ripple, has unlocked 1 billion XRP this month. Meanwhile, a new trading platform, Intel Markets, has surpassed $220k in presale, outperforming the competition […]

Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become […]

ADA teeters on brink as Cardano approaches pivotal hard fork, with volatility looming and token slipping to critical $0.3444 level

TL;DR August 2024 NFT Sales Drop: NFT market sales fell to $374 million in August, marking the first time this year that sales dipped below $400 million. Significant Decline from Peak: The market saw a 76% drop from its March 2024 peak of $1.6 billion, highlighting ongoing struggles. Transaction Trends: Despite fewer transactions, the average […]

The US Securities and Exchange Commission (SEC) has filed with the US Bankruptcy Court reserving its right to challenge FTX’s use of stablecoins and other digital assets in repayments to its creditors. The SEC didn’t lay out a case against the use of stablecoins by FTX in its filing and explicitly said it wasn’t taking […]

A recent survey from Kiwi exchange Easy Crypto and Protocol Theory has shown 20% of Australians already invest in digital currencies. The survey also revealed that Australians are strongly considering crypto as an alternative to real estate, which has become exorbitantly expensive for the average investor. Australians also believe that crypto offers lower barriers to […]

Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […]

Floki Inu (FLOKI), a popular meme coin, has been making headlines, but not necessarily for positive reasons. The Floki Inu (FLOKI) price has …

Two weeks ago I attended the Democratic National Convention. The chief reason I did so was to try and encourage an impartiality to our coverage of politics as it relates to the election and Bitcoin here at Bitcoin Magazine. Earlier this year we were invited the the Republican National Convention at the last minute, after […]

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected […]

The decentralized trading blockchain Vega Protocol says it expects its alpha mainnet chain to stop within the next three months. 

Since end of 2017, it would have been much more profitable to hold Apple stock instead of crypto king

While established cryptocurrencies like Polygon (MATIC) and Near Protocol (NEAR) have seen their fortunes fluctuate, a new contender is emerging as a potential game-changer. IntelMarkets (INTL), powered by artificial intelligence, has captured the attention of investors and venture capitalists alike, raising over $200,000 in its presale. Let’s dive into the details explore the trend behind […]

According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year’s […]

Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims […]

TORTOLA, British Virgin Islands, Sept. 03, 2024 (GLOBE NEWSWIRE) — In the rapidly evolving world of cryptocurrency, Venkate Exchange has emerge.

Company Name: Relai Founders: Julian Liniger and Adam Bilican Date Founded: July 2020 Location of Headquarters: Zurich, Switzerland Amount of Bitcoin Held in Treasury: One-third of Relai’s treasury Number of Employees: 30 Website: https://relai.app/ Public or Private? Private Julian Liniger is on a mission to give more Europeans exposure to Bitcoin — despite regulatory bodies […]

TL;DR Fed’s September Rate Decisions: The Federal Reserve’s upcoming meeting on September 18 could significantly impact Bitcoin (BTC) price, with potential rate cuts introducing major volatility. Historical Trends vs. Current Predictions: Historically, September has been tough for Bitcoin, but recent trends and on-chain data suggest a possible shift, with predictions ranging from a surge to $45,000 […]

Brazil has banned X due to the app’s failure to comply with court orders and allegedly disseminating harmful content. This has raised concerns about censorship and the balance between regulation and freedom of expression. In response to Brazil’s ban, Charles Hoskinson said he plans to recruit Brazilian developers to build a truly decentralised alternative, without […]

The flow of money has gone from treasury bills into higher-yielding reverse repos, according to the former BitMEX boss. 

Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant pressure in recent weeks. As its price continues to fluctuate, analysts have been observing its market signals to determine whether the current phase is one of accumulation or distribution. According to a recent analysis by CryptoQuant analyst Shayan, the Ethereum exchange reserve metric, which […]

A US bank is reportedly setting aside an additional $2.6 billion while preparing to pay a major penalty to regulators. TD Bank is being investigated over accusations that Chinese gangs relied on the lender to launder $650 million worth of illegal narcotics proceeds from 2016 to 2021. Now, the bank is preparing for a total […]

The U.S. Securities and Exchange Commission (SEC) is signaling potential objection to FTX’s proposed plan to repay creditors with stablecoins. In a new official court filing, the SEC acknowledges that FTX’s Chapter 11 repayment plan may not be illegal while maintaining that the regulatory agency has the right to challenge any transactions involving crypto. “The […]

September’s Bitcoin crash? Not so fast — surprising ETF inflows, shrinking sell-offs and bullish regulations could flip script

The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from the activity generated by projects such as Notcoin and Dogs […]

This transition highlights the fluidity of the cryptocurrency market and the potential for new technologies to disrupt existing paradigms. While …