Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it manages to recover above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a major […]

Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home.

Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A […]

AdEx, innovative advertising machine for Web3, blockchain and crypto projects, shares details of its recent ambitious upgrades

Rebar Labs, a team of seasoned veterans from the cryptocurrency industry, is bringing their expertise to Bitcoin to tackle the emerging challenges posed by on-chain Maximal Extractable Value (MEV). The company has successfully raised $2.9 million in seed funding, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital, and UTXO Management. […]

BlackRock has added a hefty 43k IBIT shares to their internal Global Allocation Fund. The Global Allocation Fund is available to clients seeking long-term gains with a high level of diversity.  This marks the third internal BlackRock fund that has acquired IBIT ETF shares since the product went live in January this year. I suppose […]

Spot BTC ETFs have increased trade volumes, especially at US market close, aligning with NAV calculations. Authorised participants like JP Morgan enhance liquidity, aligning ETF prices with Bitcoin through arbitrage. Recent ETF successes set a positive framework for future crypto-related fund applications. In a recent deep dive – aptly named so – research analysts at […]

Pepe ($PEPE) has experienced a pullback amidst the recent crypto market reversal. Despite this downturn, data from @intotheblock reveals that 86% of $PEPE holders remain in profit. This indicates strong resilience among investors even as market conditions fluctuate. Today, a significant whale activity was recorded when the wallet 0x837 deposited its last 300 billion $PEPE, […]

Cryptocurrency analyst and trader Kevin Svenson is highlighting one Bitcoin (BTC) metric that’s flashing a bullish signal for altcoins. Svenson tells his 78,500 YouTube subscribers that Bitcoin dominance, the ratio of the BTC’s market capitalization relative to the market capitalization of the rest of the crypto assets, suggests that “we might be near altcoin season.” […]

Miami, FL, June 27, 2024 (GLOBE NEWSWIRE) — CryptoHeap, a leading name in the cryptocurrency staking industry, is excited to announce its lates.

TL;DR Blast, an Ethereum-based network, increased its value by 40% after a massive token distribution. 17% of Blast tokens were distributed to early supporters in an airdrop on June 26. Despite an initial valuation of $2 billion, the launch attracted both excitement and controversy. Blast, a new network built on Ethereum, has captured the attention […]

TL;DR New ETFs Collaboration: State Street Global Advisors and Galaxy Digital are launching ETFs to offer investors exposure to digital assets, aiming to provide alternatives to traditional Bitcoin ETFs. Digital Asset Ecosystem ETF: The SPDR Galaxy Digital Asset Ecosystem ETF will invest in a variety of digital asset companies, including exchanges, miners, wallet services, and […]

According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 […]

The European Union is set to become the world’s first significant jurisdiction with a tailored, comprehensive crypto law through its Markets in Crypto Assets regulation (MiCA), which will take effect in 2024. This legislation promises to provide legal certainty and introduce compliance checks to enhance its consumer protection efforts. Compliance-Related Updates and the Key Provisions […]

Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response […]

The nonprofit suing OpenAI produces the Mother Jones and Reveal news websites.

Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this […]

Market clearly at crossroads and has to gain some serious momentum right away

Bitcoin’s secondary layers are often overlooked despite their undoubted potential to enhance Bitcoin’s potential for even more advanced functionality. Much of the focus is directed at the Lightning Network and its ability to handle microtransactions at high speeds. However, the secondary layers (or layer 2) can effectively handle smart contracts, leverage cryptographic techniques for advanced […]

Real Vision analyst Jamie Coutts thinks high-quality altcoins could be primed for price surges as global liquidity ramps up. Coutts tells his 18,600 followers on the social media platform X that the market looks close to washed out, global liquidity is about to turn higher and the risk/reward picture looks “increasingly favorable” for high-quality altcoins. […]

Congressman Matt Gaetz (R-Fla.) is proposing a new law that will mandate the U.S. Secretary of the Treasury to implement a program that will enable federal income taxes to be paid using Bitcoin (BTC). In a statement, Gaetz says the legislation will modernize the US tax system. The lawmaker says allowing taxpayers to pay their government […]

Bitcoin is enduring a rough patch, down over 10% in the past month of trading. Aussie crypto podcast Tapping into Crypto jumped into the key reasons behind Bitcoin’s fall. The hosts, Ted Coaldrake and Tommy Honan believe that Mt. Gox’s pending repayments may have pre-empted investors jumping off the ship in fear of a wave […]

5 Trending Altcoins A-Listers: BlockDAG, BNB, SOL, APT, GRT—Who Will Dominate 2024 As 2024 unfolds, the crypto landscape is ripe with growth and innovation, opening doors to new investment horizons. Among the myriad of digital currencies, a select few shine brightly this year, each with distinctive traits and promising prospects. Leading the pack is BlockDAG […]

Cryptocurrency XRP's new triangle formation hints at potential bullish momentum, possibly mirroring the market scenario from 7 years ago.

The layer-2 ecosystem remains robust with protocols and EVM (Ethereum Virtual Machine) scaling platforms growing rapidly and becoming ubiquitous, contrary to some bearish claims, said Ethereum community member Ryan Berckmans in a post on X on June 26. His comments came in response to a post from Movement Labs founder Rushi Manche, who said, “EVM […]

The European Banking Authority (EBA) plans to finalize its monitoring framework for stablecoin issuers by the end of this month, Coindesk reported. This development aligns with MiCA’s broader regulations, which provide strict caps on transaction volumes and values. Specifically, stablecoins are prohibited from facilitating more than 1 million transactions or exceeding daily transaction values of […]

Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with […]

The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions.

A closely followed crypto analyst is warning that Bitcoin (BTC) could suffer a massive correction as it trades in the lower $60,000 range. In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that Bitcoin could return to the $50,000 range on the weekly chart amid a possible “summer lull.” Cowen […]

The largest US-based crypto exchange by trading volume is taking on two of the country’s top financial regulators in a new lawsuit. In a lawsuit filed in Washington D.C. today, Coinbase accuses the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) of attempting to “cripple” the crypto industry. “For years, […]

TL;DR US offers $5 million reward for information on Ruja Ignatova. Ignatova, known as the “Cryptoqueen”, is wanted for frauds related to OneCoin. He disappeared in 2017 and is suspected of defrauding investors of more than $4 billion. The US Department of State has announced a reward of up to $5 million for information leading […]

Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in other regions […]