Crypto ‘relief rally’ may be just beginning with sellers exhausted
The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure.
Posts published on July 1, 2024 go to media archive 1/4
BIS Report Warns of Rising Public Debt Risks to Global Economies
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…
Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag
The knitted-hat-wearing canine of the crypto world, Dogwifhat (WIF), is back in the spotlight. After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. Wags And Trades…
Bitcoin miner Northern Data mulls IPO for its AI unit: Report
Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025.
Dogecoin’s Potential: Can DOGE Price Kick Off a New Climb?
Dogecoin is stuck below the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might eye a fresh increase toward $0.1285 or even $0.1320. DOGE price is struggling to clear the $0.1285 resistance zone. The price is trading near…
Bahamas wants to force banks to support its ‘Sand dollar’ CBDC
The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption.
Crypto Exchange Bingx Now English Football Club Chelsea’s Training Wear Partner
Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner…
Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as…
XRP Price Maintains Support Level: What It Means For The Bulls
XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above…
Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin…
Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says
A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked…
Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?
Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is…
Bitcoin Price Challenge: Can It Break Through and Resume Climbing?
Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above…
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and…
Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules
Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European…
Polkadot’s treasury has $245M with 2 years of runway
The blockchain’s revenue declined over the first half of 2024, and its head ambassador has called for its token’s inflation rate to be lowered.
Polkadot Treasury Faces Impending Funding Crisis: Limited To 24 Months Before Exhaustion
The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly…
Circle’s Stablecoins Now MiCA Compliant
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…
Robinhood users are getting AI tools to help them trade
Robinhood has acquired Pluto Capital, an AI powered investment research firm.
Roaring Kitty GME class action lawsuit dropped after 3 days
A GameStop investor who accused Roaring Kitty of committing securities fraud has voluntarily dropped the complaint "without prejudice" meaning he can file another similar lawsuit again in the future.
Dogecoin Flashes Major Bullish Signal On 3-Day Chart, Here’s The Target
Dogecoin (DOGE) could be on the brink of a major bullish reversal based on a technical indicator recently flashing a bullish signal for the meme coin. While highlighting the bullish signal, crypto analyst Ali Martinez also hinted at how high…
Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman
Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million
In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with…
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.
Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why
In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful…
Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’
Digital Assets See Outflows for 3rd Consecutive Week
Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million…
Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?
Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Bitcoin hashrate drawdown reaches December 2022 levels
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.