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 […]

The financial commentator has downplayed the severity of the crash

[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 […]

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 …

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

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 […]

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 […]

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 […]

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 […]

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. […]

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, […]

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

The price of Bitcoin plunged below $50,000 on Monday, reaching lows not seen in over six months amid a widespread global market sell-off. BREAKING: #Bitcoin falls below $50,000 pic.twitter.com/11og9GoSyi — Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Bitcoin dropped as much as 20% to around $49,000 before rebounding slightly to trade above $50,000 again. The steep […]

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.

The meme coin craze is showing signs of losing steam. DogWifHat (WIF) and Floki (FLOKI), two of the biggest meme coins, have seen their prices crash as the broader crypto market turns bearish. However, not all hope is lost – with one analyst pointing to Base Dawgz (DAWGZ) as a potential alternative to WIF and […]

Bitcoin (BTC) miner Argo Blockchain, publicly traded on Wall Street and the London Stock Exchange (LSE), has presented today (Monday) its latest report on cryptocurrency production for July. The result of 48 mined BTC is over 60% worse than last year’s figures but shows a slight improvement compared to recent months. Much Less Bitcoin for […]

Investors added $3.08 billion to crypto-focused exchange-traded products during the past month and $21.2 billion in the past year, according to …

A popular Bitcoin analyst has suggested a key breakout point for Bitcoin amidst a bearish market price action. While Bitcoin’s price has been experiencing a downward trend, dynamics and movements over the past few months have established several significant price levels. These levels might offer traders valuable insights into Bitcoin’s potential future actions. The $65,000 […]

A veteran trader who accurately predicted the May 2021 crypto collapse says that Bitcoin (BTC) is setting up for a solid end-of-year performance. Pseudonymous trader Dave the Wave shares a chart with his 145,000 followers on the social media platform, suggesting that Bitcoin is trading within a range between $54,000 and $74,000. However, the trader’s […]

Demand for XRP is bouncing back on digital asset exchanges, according to crypto analytics firm Kaiko. After a long, drawn-out lawsuit with the U.S. Securities and Exchange Commission (SEC) that ultimately ended in the ruling that XRP sold on exchanges does not constitute a security, Kaiko says demand for XRP is back. “Since last year’s […]

TL;DR Bitcoin ETF trading volume surpassed $1 billion on August 5. The drop in Bitcoin and Ether prices led to extremely high trading activity. Massive sales of Ether by funds such as Jump Trading contributed to market volatility. On August 5, 2024, Bitcoin exchange-traded funds (ETFs) recorded a trading volume of over $1 billion in […]