Thomas Fahrer says multiple “low-probability” events could push Bitcoin into a “strong bull market.”
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […]
Dormant Bitcoin wallet reactivated after 13 years; it contains several million dollars worth of crypto
A former cryptocurrency company plans to launch a reality television series that will follow its efforts to send people from underrepresented nations …
Crypto-friendly financial institution Evolve Bank and Trust was embroiled in a massive data breach. The bank admitted it had been aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank maintained that customer funds appear to remain untouched, they admitted that the hackers likely managed to download sensitive […]
US judge has dismissed several core claims by the Securities and Exchange Commission (SEC) in a case against Binance. In a post shared by the cryptocurrency exchange today (Tuesday), Binance noted that the federal judge had dropped multiple important arguments brought by the SEC, strengthening the company’s defense in the legal tussle against the watchdog. […]
AI remains a contentious topic with differing opinions on whether it’s a tech bubble or the next major breakthrough. MIT and Goldman Sachs provide mixed perspectives; some experts doubt AI’s transformative ability while others anticipate a ‘killer app’. High development costs of AI necessitate its alignment with effective applications to justify investments and foster long-term […]
Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting. On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN). Binance says tokens […]
A top analyst known for making well-timed crypto calls is unveiling a huge price target for the Solana (SOL)-based memecoin dogwifhat (WIF). Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF appears to be in the early stages of a fresh five-wave rally. Bluntz practices the Elliott Wave theory, […]
TL;DR Brief Excitement: The announcement of Solana ETFs initially caused a 6% price increase, but the excitement was short-lived, and market dynamics returned to normal, indicating skepticism and regulatory hurdles. Comparative Analysis: Solana’s ETF impact was less significant compared to Ethereum’s, with a temporary boost in volume-weighted funding ratio and stable open interest, reflecting limited […]
TL;DR A U.S. federal court ruled that cryptocurrency tokens and secondary sales of BNB do not constitute securities, a historic victory for the crypto industry. The court dismissed several SEC allegations. Secondary market buyers of BNB did not purchase these tokens with the expectation of profits. The SEC now has to prove that direct sales […]
BlockDAG Rakes in $55.2M: Presale Triumph or Investor Hype? Uniswap & Aevo’s Fate Hangs in Balance The cryptocurrency market is currently experiencing significant volatility, with notable changes in major cryptocurrencies like Uniswap, which are seeing substantial declines. Aevo, too, has experienced a significant drop in value over the last three months, struggling to hold its […]
Set against the backdrop of the vibrant Bitcoin 2024 conference in Nashville, Tennessee, Satoshi Summer Camp is poised to be the highlight for families attending the event. This two-day extravaganza promises to blend fun, education, and community-building in a way that’s never been done before. At the heart of Satoshi Summer Camp is the Family […]
The ENS token (Ethereum Name Service) has recently taken center stage in the crypto community, sustaining a 36% rise in in the last week. This steady surge has sparked widespread interest, with some analysts predicting a prolonged bullish trend, while others advise caution. ENS: Price Explosion & Renewed Investor Interest ENS, the native token of […]
The round was led by Peter Thiel’s Founders Fund alongside Pantera Capital, Framework Ventures and others.
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […]
MicroStrategy cofounder addressed Bitcoin community on recent BTC price recovery, but analysts still expect sell-off coming
We’re thrilled to announce that Mantle (MNT), Kujira (KUJI), and Hivemapper (HONEY) are now available on Kraken! Funding and trading MNT, KUJI, and HONEY funding starts now and trading will be live on July 3, 2024. Add your token to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Make sure […]
Explore why BlockDAG is hailed as the premier long-term cryptocurrency investment, surpassing Bitcoin's future projections and Toncoin's latest …
TL;DR Bonk Inu (BONK) rose by 10% in price, reaching a market cap of over $1.7 billion and becoming the fifth-largest meme coin. It has shown significant growth since its launch in late 2022, with analysts predicting further gains. BONK on the Move Most of the leading meme coins, such as Dogecoin (DOGE), Shiba Inu […]
A who’s who of Vanuatu’s financial industry and its regulators converged at Port Vila’s Warwick Le Lagon resort on June 27 to discuss the new licence for virtual asset service providers (VASP) and to review the jurisdiction’s best strategies to avoid global regulatory watch lists. This was the second Symposium organized by the Vanuatu Financial […]
Current odds on the crypto betting platform Polymarket give President Joe Biden a one in three chance of dropping out of the upcoming US presidential race. Polymarket allows users to bet on the outcomes of almost any event, ranging from pop culture to sports to politics. The Biden bet resolves to “Yes” if he officially […]
Fed Chair Jerome Powell says the US is on an unsustainable fiscal path and that it should be a “top-level issue.” In a new discussion at the ECB Forum on Central Banking in Sintra, Portugal, Powell says that the US is running a “very large” deficit that needs to be addressed – ideally sooner rather […]
Bitcoin has been trading between US$59,985 and US$63,663, indicating a stable phase with limited volatility. The current market sentiment is neutral, with lower trading volume and decreased liquidity, viewed as an accumulation opportunity for large investors. Despite the subdued market activity, some analysts see this as a consolidation phase within an ongoing bull cycle. Bitcoin […]
LayerZero ($ZRO) has seen a remarkable 45% increase over the past two days, driven by savvy investors who caught the dip on June 29. The team has identified two smart wallets on different chains that hold significant positions in $ZRO and have not sold yet. On the Ethereum chain, Wallet 0x96bf purchased $53.2K worth of […]
In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic releases that could significantly influence the trajectory of major cryptocurrencies like […]
Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru.
TL;DR Bitcoin miners have sold the equivalent of five days of production in just 72 hours, liquidating 2,300 BTC worth approximately $145 million dollars. The selling trend began after the last halving in April, increasing economic pressure on miners and leading to a significant drop in their revenues. The situation has intensified with recent BTC […]
TL;DR ZKsync has launched its 3.0 version along with the “Elastic Chain,” a crucial upgrade to enhance Ethereum’s interoperability and efficiency. The “Elastic Chain” aims to solve liquidity fragmentation issues and user complexity in Ethereum scaling solutions. More than 20 new ZK Stack chains are scheduled to launch in 2024. ZKsync has unveiled its ‘vision’ […]
Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […]
Shiba Inu regains some strength in background, but price remains unphased
John Helms, renowned for his expertise in financial law, will delve into the intricacies of cryptocurrency regulations, offering a clear understanding …