Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.
Posts published on June 9, 2024 go to media archive 1/2
Tron Price (TRX) Surges Ahead: Leading the Altcoins Pack
Tron price is gaining pace above the $0.1150 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1180. Tron is moving higher above the $0.1150 resistance level against the US dollar. The price is trading…
XRP Price Rebound in Jeopardy: Recovery May Falter
XRP price declined heavily from the $0.5250 resistance zone. It tested the $0.4540 support zone and is now attempting to recover above $0.4880. XRP is correcting losses above the $0.4820 and $0.4840 levels. The price is now trading below $0.5050…
Ethereum Price Battles Resistance: Faces Steep Climb Ahead
Ethereum price declined heavily and tested the $3,580 support zone. ETH is now recovering and faces many hurdles near the $3,740 zone. Ethereum started a recovery wave and climbed above the $3,660 resistance. The price is trading below $3,750 and…
Base TVL surges to $8B just days after overtaking OP Mainnet
Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.
Inflation Explained: What It Is and Why It Happens
While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is…
Bitcoin Price Resurgence: Ready for Another Upswing?
Bitcoin price stayed above the $68,500 support zone. BTC is now consolidating and might aim for a fresh increase above the $70,150 resistance. Bitcoin found support near $68,500 and started a decent recovery wave. The price is trading below $70,000…
Orbit Chain hacker moves $48M to Tornado Cash after months of ‘silence’
The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in…
Bitcoin Core’s Latest Optech Newsletter Urges Upgrade to Version 25.0, Discusses New Vulnerability Disclosure Policy
‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction
Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this…
Io.net CEO departs 2 days before token launch
Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past.
Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages
A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data…
Boomers hold the key to wealth, even in cryptocurrency
Baby boomers hold $68 trillion in assets in the United States alone. Will that cash continue trickling into cryptocurrency markets for the foreseeable future?
Intel Partners With African Development Bank to Train 3 Million in Advanced AI Skills
The African Development Bank (ADB) and Intel have announced a significant partnership to train three million Africans and 30,000 government officials in advanced artificial intelligence (AI) skills. According to the ADB, this training is expected…
Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG
Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he…
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly…
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold.
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…
China’s largest payments app debuts AI feature that checks if you’re balding
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
BNB, TON, FIL, and INJ can go much higher if Bitcoin price flips $69K
Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher.
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its…
Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200?
Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon…
Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%…
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC)…
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine…
Scalpers Rejoice! Top Analyst Predicts Chainlink (LINK) Short-Term Surge
The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential…
Intel and AfDB to train millions of Africans in AI
The initiative aims to equip many Africans with skills in advanced technologies like artificial intelligence, robotics and data science.