Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the…
Fed Chair Powell Reveals No Contact With Biden in 2 Years Amid Economic Challenges
Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for…
Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation
In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets…
Polymarket Odds of Biden Dropping Out Spike to 61% After Pelosi Urges 2024 Decision
On Wednesday, former U.S. House Speaker Nancy Pelosi urged President Joe Biden to decide soon on whether to run, stating that “time is running short.” Following this, Polymarket bets surged to 61% in the afternoon, reflecting the odds…
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million…
Grayscale Sets Record Date for Ethereum Mini Trust Distribution
Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum…
New Layer 2 Meme Coin Pepe Unchained Crosses $3M in ICO – Will PEPU Explode?
Pepe Unchained (PEPU) is drawing attention with its recent ICO success. This frog-themed meme coin project has passed the $3 million mark in less than one month. As investors pile in, many wonder: Will PEPU explode once it hits exchanges later this…
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead…
Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows
The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions…
Study: Gen Z Prefers Digital Assets in Uncertain Times; Gold Remains Popular
While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey…
Bitcoin.com Relaunches Discord Community Channel With Exciting Prizes
Bitcoin.com is relaunching its Discord community channel. To celebrate, Bitcoin.com is hosting weekly contests with various prizes. Join the community to participate in quizzes, discussions, and more for a chance to win. Join the Community and Win…
Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s Move
Up Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain…
Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm
Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be…
Soccer Stars Lionel Messi and Ronaldinho Promote Water Meme Coin
Lionel Messi, the Argentine soccer player who has won the Ballon d’Or eight times, and Ronaldinho, the former Brazilian soccer star, have promoted WATER, a Solana-based meme coin, to their almost 600 million followers on Instagram. The…
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners…
Singapore Exchange CEO Discusses Future of Crypto Listings
Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really…
Telegram CEO Pavel Durov Predicts Hamster Kombat Will Attract Millions to Blockchain
Pavel Durov, CEO of Telegram, one of the most popular messaging applications, has remarked on the relevance that Hamster Kombat, a tap-to-earn game where players role-play as a hamster who is the CEO of a crypto exchange, will have in bringing…
Asset Manager Digitalx Set to Launch Second Bitcoin ETF on Australia’s Main Stock Market
On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by…
Judge Denies Bail for Bitcoin Rodney, Citing Flight Risk and Fraud Severity
Rodney Burton, known as “Bitcoin Rodney,” will remain in detention awaiting trial on charges of masterminding a multi-billion-dollar cryptocurrency fraud. Arrested in January at Miami International Airport, Burton faces accusations of…
China Halts Gold Buying for Second Consecutive Month
China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold…
Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver…
Peter Schiff Foresees ‘Explosive’ Growth in Silver Price
Economist and gold advocate Peter Schiff has urged investors to buy silver, highlighting its strong performance and potential for significant gains. “Silver is really strong,” he stressed, emphasizing: “An explosive move higher…
Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta…
Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market
On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time…
Blackrock’s BUIDL Fund Reaches $500M Milestone; Tokenized Treasuries Tap $1.8B
According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching…
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that…
Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent…
Tezos X announced the development of Jstz (pronounced “justice”), a Layer 2 rollup that will allow developers to use Javascript, a programming language used by nearly 23 million developers worldwide, on the blockchain. This move is…
Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development…
German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling…
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