Cardano price shows ultra-bullish behavior while no one notices

… cryptocurrency traders worldwide … /BMTEX Exchange/ – In an era of rapid digital asset development, cryptocurrency trading has become a popular choice …

A recent analysis from CryptoQuant has revealed that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week. Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC  have shown massive inflow levels that effectively match what was […]

A closely followed crypto analyst says one Bitcoin (BTC) metric that previously predicted a bullish reversal is once again flashing green. Jamie Coutts, the chief crypto analyst at Real Vision, says that Bitcoin’s hashrate decline is slowing, a signal that has typically preceded momentum reversal for the crypto king. However, he notes that the prediction […]

Banks are collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues. In the week ending on June 24th, 40 smaller banks were sucked up by larger institutions, a vanishing act incomparable even to the savings and loan crisis of the 1980’s […]

TL;DR The SEC has concluded a three-year investigation into Hiro Systems, a blockchain software development company. The SEC’s decision not to recommend regulatory actions against the company marks a victory for the crypto industry in its confrontation with the U.S. regulator. The focus of the investigation was on Stacks protocol, a layer-2 blockchain designed to […]

Mathew McDermott, Goldman Sachs’ global head of digital assets, announced the bank’s intent to launch tokenisation products. One of those products would be a marketplace for financial institutions instead of retail investors. The bank’s tokenised products will be launched on permissioned (private) blockchains. Investment banking giant Goldman Sachs is set to launch at least three […]

BlackRock, the world’s largest asset manager, has amassed US $18b worth of Bitcoin for investors in just six months of trading. The institution’s major spot Bitcoin ETF, IBIT, is by far the biggest on the market. Grayscale outflows have steaded in recent weeks, with only four days of net outflows recorded in the past fortnight.  […]

Breaking down from a three-month range bound last week, Ripple’s XRP saw a sharp rejection and retraced back in the range. The price looks strong following a 3% gain but is currently facing resistance. Following a lower low and lower high movement in a month, XRP fell sharply below a key range bound to a […]

Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years. In fact, Kaiko’s latest data shows a […]

To preempt lawsuits and counter allegations that they are training their respective artificial intelligence (AI) models with illegally obtained data, AI firms should rely on publicly available or open-source data, according to Alberto Fernandez. Fernandez, a proponent of decentralized AI and also the European representative of Qubic Ecosystem, emphasizes that AI firms should consider anonymizing […]

An underlying theme of this cycle has been to challenge preconceived notions about how people use Bitcoin around the world. New behaviors are emerging and other cultures are using the asset in a way that is breaking previously established molds. A major trend emerging out of this chaotic environment is the resurgence of seedless security […]

Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.

The government of Germany is continuing its Bitcoin (BTC) sell-off, bringing its total number of tokens down below 4,000. According to new data from blockchain “de-anonymizing” platform Arkham Intelligence, during the last 24 hours, the German government has sold hundreds of millions of dollars worth of BTC, continuing its trend of selling off the crypto […]

Price reversal ended sooner than expected

… cryptocurrency. This posed several challenges due to the particular type of cryptocurrency; however, these were overcome.” Finney was convicted in …

The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels.  In a recent post on social media platform X (formerly Twitter), market expert Jackis […]

The cryptocurrency market has gone through a considerable rollercoaster in the past seven days, with the price action being as volatile as it can get. At the time of this writing, the total capitalization settled at around $2.5 trillion, up 3.5% during that period. Bitcoin wasted no time and, on July 7th, pushed above $58K […]

Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent directors, after extensive deliberation and advice from financial and legal advisors, […]

A popular crypto trader and analyst thinks one Ethereum (ETH) rival is gearing up for a strong finish in 2024. The pseudonymous analyst known as Altcoin Sherpa tells his 217,900 followers on the social media platform X that Solana (SOL) has a healthy market structure and predicts a breakout for the top-10 altcoin before the […]

Bitcoin 2024 is one of the industry’s most-attended conferences, with previous years seeing over 30k attendees. That number is set to spike this year after the conference reeled in one of the biggest names in the world as a speaker – Republican candidate Donald Trump. Trump has steadily transitioned into a pro-crypto politician, despite years […]

A new idle clicker game, Musk Empire, has launched on Telegram offering passive income for players. Similar to other entrants like Hamster Kombat, users can earn small amounts of crypto by simply tapping their phone screens. These earnings can then be invested back into the game to upgrade profit capabilities. Musk Empire lets you build […]

In the ongoing market recovery, Cardano has increased by roughly 16% in the past week of trading but the trend remains bearish on the monthly outlook. It may resume selling pressure if the supply level increases. Cardano has technically suspended selling pressure for more than a week and as we can see, it appeared bullish […]

Introduction At Coinbits, we’re dedicated to improving the UX of bitcoin so that more people can benefit from it. In our ongoing commitment to transparency and community engagement, we recently made our product roadmap public. Now, we’re excited to share another work product which was made as a part of a Summer of Bitcoin project: […]

The game uses the Polygon blockchain and currently runs in most browsers.

US inflation cooled significantly in June, and Bitcoin is now inching close to reclaiming $60,000 level

Binance has been scheduled to face tax evasion charges in Nigeria on October 11, Reuters reported. This marks a significant legal battle for the cryptocurrency giant accused of failing to register with Nigeria’s Federal Inland Revenue Service for tax purposes, among other counts. Charges and Court Proceedings During a recent hearing, Binance’s representative Ayodele Omotilewa […]

Last time this happened, the cryptocurrency market was still trying to get back on its feet following the shocking collapse of the FTX exchange. HOT …

After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with […]

Shares of Bitcoin mining company IREN, formerly known as Iris Energy, tumbled by 24% on the Nasdaq following a report from short-seller firm Culper Research. The paper, released on July 11, labeled the company as “wildly overvalued” and suggested its stock should be valued 52-79% lower than its current market price. HPC Plans and Underinvesting […]

The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust repayments have contributed to market volatility. Coinbase Institutional Highlights Bitcoin Sales Impact on Crypto […]

With 5,800 Bitcoin remaining, the German government has sold 88.4% of its original 50,000 BTC.