Exchange Bitcoin Reserves Fall Sharply This Week, Reaching $4B Outflow
According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the…
Cardano Moves Toward $0.4233, Will ADA Maintain Its Uptrend?
Cardano (ADA) lately has been steadily climbing toward the $0.4233 resistance level. This upward movement which has persisted for a while now is raising curiosity among market participants as to whether the crypto asset can continue to maintain its…
Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance
Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to $59,516. Bitcoin On the 1-hour…
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nigeria’s blockchain future depends on local talent, experts say
Local experts note that if Nigeria adopts a foreign blockchain, it will be difficult for the country to exert its influence on key blockchain decisions.
Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH
Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. Tron…
DEX Aggregator Rage Trade to Issue Token on Buzzy New Layer 1 Blockchain Hyperliquid
Decentralized exchange aggregator Rage Trade has announced plans to issue a new token via a liquidity generation event and a token sale on layer-1 blockchain Hyperliquid.
Blockchain-Enabled Sports Tech Startup Fanera Partners Saudi Government, Set to Relocate to Riyadh
Blockchain-enabled sports tech startup Fanera has partnered with the Saudi Arabian Ministry of Investment and is poised to relocate its headquarters to Riyadh. Through its fan engagement app, Fanera aims to empower football fans, enabling them to…
SailingDAO Launches Official Collection After SOLD OUT of Dandy NFT and Forges Prestigious Partnerships
PRESS RELEASE. Umbria Italy – July 12, 2024 – SailingDAO eagerly announces its official launch following complete sellout of the Dandy NFT collection on OpenSea. This achievement underscores SailingDAO’s mission. SailingDAO aims to modernize…
$36 On The Crosshair: Injective (INJ) Captures Analyst’s Attention
Injective, or INJ, has lately been causing waves in the crypto scene. Many analysts are hopeful about its future even if it has lately dropped. At $20.45 right now, INJ has a market capitalization of $1.91 billion and a daily trading volume of…
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Final Fantasy Publisher Square Enix Invests in Soccer Metaverse Game on the Polygon Blockchain
Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital…
Analyst Upbeat On USTC, Sees Price Soaring Over 300%
USTC has shown notable price movements of late. From an abrupt drop earlier in the year to an optimistic current return, both experts and investors find appeal in the digital asset. USTC plummeted more than 51% from $0.330 at the start of the year…
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive…
Crypto execs on DeFi domain hacks: Don’t interact with crypto for now
CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains.
Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on Censorship
David Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey…
Crypto trading volume to exceed $108T in 2024, with Europe in the lead
Crypto trading volume is projected to surpass $108 trillion in 2024, with Europe leading in global transaction value and Binance being the most dominant exchange worldwide.
UK Law Commission sees no need for DAO-specific legal entity
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.
Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million
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…
Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First
A crypto analyst has predicted that Ethereum (ETH), the world’s second-largest cryptocurrency will surge to new all-time highs around the $8,000 price mark. However, for Ethereum to reach this ambitious price target, the analyst emphasized that the…
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