Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-off
There could be seasonal, political and other reasons why Bitcoin has dipped below $65,000, but Mt. Gox Bitcoin sales aren’t one of them, say analysts.
Posts published on July 24, 2024 go to media archive 1/5
CME's Ether Futures Record Highest Ever Open Interest of 383K ETH After ETF Debut
The approval and subsequent trading of spot ether ETFs in the U.S. has reinvigorated the market, CME's Giovanni Vicioso said.
Ethereum Spot ETF Hype: ETH Whale Activity 64% More Than BTC
On-chain data shows whale activity on the Ethereum blockchain has been quite high recently due to the excitement around the spot exchange-traded funds (ETFs). Ethereum Whales Showing Significantly Higher Activity Than Bitcoin Ones According to data…
Spot Ethereum ETFs post $113M of outflows on second day of launch
The “newborn” eight ETFs didn’t manage to outrun the $327 million of outflows from Grayscale’s recently converted Ethereum Trust.
Riot Platform buys Kentucky-based Block Mining for $93M
Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.
Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down
Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and…
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs…
HSBC Australia to block all payments to crypto exchanges, citing scams
At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy.
Bitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attempt
The Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attempt of their firm.
Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop—Here’s Why
Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a…
XRP Maintains Support: Can It Rise Amid BTC and ETH Declines?
XRP price extended gains above the $0.6220 zone. The price tested the $0.6330 zone before there was a pullback amid declines in BTC and ETH. XRP price started a downside correction from the $0.6330 zone. The price is now trading near $0.600 and the…
Hong Kong Launches Its First Inverse Bitcoin ETF Product
Ethereum Price Drops 8%: What’s Next for the Altcoin Giant?
Ethereum price started a major decline from the $3,500 resistance zone. ETH is down over 8% and might continue to decline toward the $3,120 support. Ethereum is gaining bearish pace from the $3,500 resistance zone. The price is trading below $3,400…
Crypto bank Sygnum posts profit after doubling crypto trading volumes
Signum Bank says it's now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025.
Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days
With the vast popularity of Shiba Inu in the crypto space and millions of investors holding the SHIB token, the direction of the price has always been an interesting and hotly debated topic. Expectations are that the meme coin will continue to rise…
Majority of Americans Believe US in Recession, Survey Shows
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief…
Bitcoin Price Falls Again: Is Bearish Momentum Returning?
Bitcoin price started another decline below the $66,500 level. BTC is gaining bearish momentum and might revisit the $63,200 support. Bitcoin started a fresh decline from the $68,500 resistance zone. The price is trading below $65,500 and the 100…
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs.
Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to…
Analyst Warns Of A POPCAT Correction Following 230% Surge
The Solana-based memecoin Popcat (POPCAT) has been making the headlines for the past week after becoming the first cat-themed token to reach a $1 billion market cap. The token has surged over 230% in the past month, which propelled the token to a…
Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
The Bitcoin-based cashback app will go public on the Nasdaq after a SPAC deal that’s expected to wrap up by the end of this year.
Proton Launches Self-Custodial Bitcoin Wallet: 100 Million Proton Mail Users Can Now Receive BTC via Email
Proton, known for its privacy-focused services including the popular Proton Mail with over 100 million users, has launched Proton Wallet, a new self-custodial bitcoin wallet. “If you are one of the millions of people who have a Proton Mail…
Hashdex files S-1 for ETF to hold Bitcoin, Ether and potentially others
The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals.
Ethereum Whales Take Over, ETH Stuck Below $3,500: What’s Going On?
Ethereum prices are stable at spot rates, moving horizontally even after the United States Securities and Exchange Commission (SEC) approved the list and trading of spot Ethereum ETFs on July 23. Ethereum is trending below the crucial resistances…
Robert Kiyosaki vs Peter Schiff: Conflicting Predictions on Gold, Bitcoin, and US Dollar
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as…
MEW, WIF and Solana memecoins soar amid increasing network activity
Memecoins in the Solana ecosystem continue to outperform the wider crypto market by generating double-digit weekly gains.
Ferrari Launching Crypto Payment System for European Market
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in…
Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%
The surging trading volumes helped the bank reach profitability for the first time.
Golden Cross Appears On XRP Price Chart, Factors That Could Drive A Fresh Rally
The XRP price has struggled despite scoring multiple partial victories against the United States Securities and Exchange Commission (SEC) over the last year. The initial surge was not enough to push it into the coveted $1 level. However, this has…
Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
The device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion every ten minutes.