A closely followed crypto analyst says that one key indicator could be suggesting an incoming correction for Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that the price action of gold could be hinting at a large dip for the top crypto asset by market cap. . […]
The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain. “Community interest plays a pivotal role when we bring USDT to specific […]
TL;DR Bitcoin has dropped more than 5.9% following Mt. Gox’s repayment announcement, falling below $60,300 and dragging the entire market along with it. Mt. Gox, once the largest BTC exchange platform, will begin returning 140,000 stolen BTC from 2014, along with 143,000 BCH and $510 million in fiat. Investors speculate on the impact of these […]
Over half of Japanese institutional investors plan to invest in digital assets within the next three years, according to a new survey by Nomura Holdings and its digital asset subsidiary Laser Digital. Japanese Institutional Investors Warm to Digital Assets, Survey Finds The study, which polled more than 500 investment managers from institutions, family offices, and […]
At the most recent Bitcoin++ developer conference in Austin, TX, Bitcoin Magazine’s Alex B. sat down with Michael from Boltz and Tiero from Ark Labs to discuss the latest developments in Bitcoin’s technology ecosystem, particularly focusing on Lightning Network, Liquid, and emerging technologies like Ark. The Journey and Challenges of Lightning Reflecting on the journey […]
Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However, he noted a recent shift in its stance, likely due to the […]
Ripple’s XRP has been one of the cryptocurrencies that managed to maintain relative stability during the ongoing market turbulence. In fact, for the past 24 hours, it has added 0.62% to its price and remains trapped in a relatively tight range at around $0.48. XRP Trading Volume Soars Data from CoinMarketCap reveals that, at the […]
Their exchange highlighted the potential highs and the inherent unpredictability of the cryptocurrency market. … bitcoin-cryptocurrency-gold-coin …
In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low. Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading […]
Over a quarter billion dollars worth of Chainlink (LINK), the leading blockchain oracle service, has been spotted headed to crypto exchanges. Analyst Ali Martinez says that within a 24-hour period on June 22nd, traders deposited millions of LINK to digital asset exchanges where they could be sold on the open market. “[In 24 hours], 18.77 […]
HodlX Guest Post Submit Your Post The crypto industry is unlike any other space for many reasons. But perhaps the primary difference between crypto – and Web 3.0 in general – and mainstream tech or the auto industry, for example, is removing dependency on centralized, trusted authorities. From DAOs and DEXs to DApps, DeFi (decentralized […]
Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking.
According to CoinShares, digital asset investment products experienced significant outflows totaling $584 million last week, shaving off US$1.2bn in total. Bitcoin led the pack with outflows of $630 million, while Ethereum saw $58 million in outflows. In contrast, multi-asset products attracted inflows of $98 million, suggesting that investors view weakness in the altcoin market as […]
Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in 2024, will start repaying its defunct users. The rehabilitation trustee has announced that repayments will be processed in Bitcoin and Bitcoin Cash starting July 2024, according to a written note by the exchange issued on June 24. Repayments to Start Soon According to a statement, […]
TL;DR Mt.Gox Repayment Delayed: Patience Required: Creditors owed Bitcoin (BTC) and Bitcoin Cash (BCH) from the defunct Mt. Gox exchange will need to wait a bit longer. Though repayments are nearing, the process is delayed to ensure secure transactions. Security First: Safeguarding the Repayment Process: Mt. Gox is prioritizing cybersecurity. They’re establishing secure channels for […]
Klever coin, known as KLV, is the native token of the Klever Layer 1 blockchain, serving as the fueling gas for the entire ecosystem. With KLV, users can pay for blockchain fees when creating dApps and stablecoins, and they can enjoy discounts on Klever Swap fees. In addition, users can stake KLV to earn rewards, […]
Wikileaks founder Julian Assange has been released from prison after serving five years, following a plea agreement with the U.S. Department of Justice (DOJ). “This is the result of a global campaign that spanned grass-roots organizers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations,” Wikileaks […]
The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level and retesting its all-time high of $73,700, which it reached in March. With a retracement of nearly 10% over the past week, BTC is now trading just above support at the $60,000 level. However, based on historical data, further […]
A crypto analyst who nailed the 2022 Bitcoin bottom is warning that BTC is in danger of witnessing a massive breakdown. In a new video update, pseudonymous analyst DonAlt tells his 60,100 YouTube subscribers that BTC is at risk of losing all bullish momentum. The crypto strategist says that Bitcoin will likely go through a […]
Bitcoin’s ongoing correction could be nearing its end and the market could experience a rally in the coming weeks, judging by pseudonymous cryptocurrency trader Teddy’s analysis. According to their tweet, if history repeats itself, bitcoin’s bottom for this correction could be in the $61,000 range. Bitcoin to Bottom at $61K Teddy explained that every correction […]
Market’s current state raises some serious questions and a lot of concerns
Former President Donald Trump is in talks to speak at the largest Bitcoin convention of the year after embracing cryptocurrency in an attempt to …
Tether discontinues support for the Eos Network and Algorand implementations of its flagship stablecoin USDT.
Coinbase is the most impersonated brand in the cryptocurrency sector, Cointelegraph reported, citing a recent study. Phishing attacks, which trick investors into sending digital assets to scammers, predominantly target Coinbase among US crypto firms. Over the past four years, 416 phishing attacks using the Coinbase brand have been reported. Growing Threat of Impersonation Scams Some […]
Defunct Bitcoin exchange Mt. Gox said it would begin distributing assets stolen from clients in a 2014 hack starting in July, after years of postponed deadlines. JUST IN: Bankrupt Mt. Gox will begin $9 billion #Bitcoin repayments in July 👀 pic.twitter.com/Rph2AupnTY — Bitcoin Magazine (@BitcoinMagazine) June 24, 2024 “The Rehabilitation Trustee has been preparing to […]
The biggest Bitcoin (BTC) traders have recently become more risk-averse, according to the CEO of blockchain analytics firm CryptoQuant. Ki Young Ju tells his 349,000 followers on the social media platform X that the interexchange-flow-pulse (IFP) indicator, which tracks the flow of BTC between spot and derivatives exchanges, is signaling that whales are now in […]
Asset managers like BlackRock and Grayscale submitted updated Ethereum ETF filings to the SEC after an investigation into Ether ended. The filings have spurred a fee reduction competition among managers, with VanEck and Franklin Templeton lowering management fees. Approval of these ETFs could significantly boost ETH prices, with analysts predicting strong growth potential for Ethereum […]
Bitcoin (BTC) has experienced a sharp decline, dropping over 16% since reaching its all-time high of more than $73,000 in March 2024. Currently trading below $62,000, Bitcoin’s daily Relative Strength Index (RSI) has hit oversold territory, a condition that has previously led to significant price surges of 60%, 63%, and 198% over the past two […]
Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news […]
Solana failed to climb above the $135 resistance. SOL price started another decline, dropping nearly 10%, and now the bears aim for more downsides. SOL price remained in a bearish zone below the $142 resistance against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a […]
TL;DR Lido DAO surpasses Ethereum fees thanks to increased activity and use of scalability layers. The re-staking program is growing and competes with EigenLayer. The fat app trend is attracting more users and generating significant revenue for DeFi protocols. Lido DAO has achieved a major milestone by surpassing fees paid on the Ethereum mainnet, driven […]