Bitcoin large sellers 'exhausted' as $67K price holds
Bitcoin is seeing a reduction in selling pressure from large investors as its price continues to hold above $67,000.
Posts published on July 20, 2024 go to media archive 1/2
AI and Metaverse Combo Could Create More Interactive, Personal Virtual Worlds, Says Tech Veteran
According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas…
Analyst Reveals Condition For Bitcoin To Reach $71,000 – Details
According to data from CoinMarketCap, the price of Bitcoin returned above $67,000 with a 1.19% gain in the last 24 hours. Bitcoin appears to have found some stability in this region amidst multiple projections of further price gain. Interestingly…
Nigeria Acts to Defend Naira After Currency Hits New Record Low
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the…
DOGE open interest up 19% amid price 'breaking out' to monthly high
Doge interest among future traders is ramping up amid the price ‘breaking out’ to its highest in 34 days.
Messari CEO Selkis Resigns After Controversial Political Posts
Ryan Selkis, founder of Messari, has stepped down as CEO, following controversial social media posts. He will transition to Senior Advisor, while Eric Turner takes over as interim CEO. “This week was the first week in 6.5 years that my…
Veteran Trader Peter Brandt Identifies Bitcoin’s Down Channel Pattern
Is $200 Within Reach For Solana Price? Here’s Why This Blockchain Firm Thinks So
Like the general crypto market, the price of Solana (SOL) witnessed significant growth over the past week. According to the latest on-chain data, this might only be the beginning for SOL’s price, with several indications of further upside potential…
US Senator Highlights Bitcoin as Currency Unaffected by Widespread Cyber Outages
U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been…
New zero energy storage tech could lead to immortal blockchains
Today’s tech allows us to preserve data for thousands of years with zero energy usage, tomorrow’s could ensure Satoshi’s vision lives on forever.
Bitcoin Option Traders Are Betting On A Price Breakout Ahead Of US Elections: QCP Capital
The price of Bitcoin has been on a tear over the past seven days, returning between the $61,000 and $67,000 zone where it spent most of the second quarter. This positive run of form comes despite the FUD (fear, uncertainty, and doubt) due to…
2 Foreign Nationals Plead Guilty in Lockbit Ransomware Case
Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail…
Pudgy Penguins lands in Pixelverse, Ether ETFs, and more: Hodler’s Digest, July 14-20
Pudgy Penguins gets a character in Pixelverse’s mini-game, the influence of ETFs on ETH price, and Craig Wright admits he’s not Satoshi.
Ethereum ETFs are coming — Here’s what you need to know
Are you ready for the July 23 launch of nine spot Ethereum ETFs? Here's what you need to know to start trading.
Bitforex to Reopen Withdrawals Months After Team Members’ Detention Rendered Platform Inaccessible
Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products…
SEC and 100 Agencies Form Council to Combat Securities Fraud
The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share…
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details
Prominent asset manager Grayscale Investments is set to launch spinoffs of their Grayscale Ethereum Trust’s (ETHE) and Grayscale Bitcoin Trust (GBTC) exchange-traded funds (ETF). Following inquiries by market spectators and potential investors…
Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach
Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating…
TSMC becomes first Asian company to reach $1T as AI demand surges
The company is now worth more than Broadcom and closing in on Meta.
Crypto Analyst Says ‘Think Bigger’, Bitcoin Price Is Headed To $100,000
A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this…
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in…
Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million…
Solana Sets Sights On $175 Resistance As Bullish Momentum Builds
Lately, the price of Solana (SOL) has been demonstrating bullish resilience and gaining significant growth above its bearish trendline. Market participants are closely watching this current price action with the $175 resistance acting as a pivotal…
Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech…
Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why
The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally…
WazirX launches bounty program to recover stolen assets
The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.
CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date
The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market. CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE…
Nigerian crypto star out on bail following police detention
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector.
Real Estate Tokenization Platform Enters Kenyan Regulatory Sandbox
Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more…