US senators urge CFTC to finalize ban on election betting
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.
Posts published on August 5, 2024 go to media archive 1/4
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button…
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with…
Bitcoin Price Analysis: What Lies On The Horizon After Crashing Below $50,000
The cryptocurrency market has been rocked by a massive sell-off, with the Bitcoin price plunging 26% from its July highs above $70,000. This dramatic decline comes amid a broader crash in global financial markets, reflecting growing economic…
Trump cautions current administration not to sell Bitcoin
The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will.
Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says
Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry…
The Bitcoin bottom is not in — BTC traders set price targets in low $40K range
Crypto traders appear to agree that today’s market rout is far from over.
Swan Bitcoin cancels conference amid staff reduction, mining shutdown
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.
Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss
Cardano has been among the major coins that suffered miserably in the chaotic crypto market today: the token lost 30% in value in the last week. The broader market’s slip and crash are to be blamed for the token’s poor performance. The past 24…
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist…
US government transfers 300 ETH — Arkham Intelligence
The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.
Bitcoin Fear and Greed Index Hits Near Extreme Fear: A Buying Opportunity?
The latest data from Bitcoin Magazine Pro's Fear and Greed Index reveals that Bitcoin sentiment has dropped to a near "extreme fear" level, scoring 26 out of 100. Historically, such a low score suggests a potential buying opportunity for savvy…
Crypto market’s ‘perfect storm’ can lead to further massive capitulation
A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events
PRESS RELEASE. SINGAPORE — 5th August, 2024 — TOKEN2049, the world’s largest crypto event, announced its first batch of headline speakers and prominent title sponsors ahead of its eagerly anticipated return to Singapore. TOKEN2049 will take place…
Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.
Bitcoin Crash: Analyst Says A Break Above This Level Will Trigger FOMO
A popular Bitcoin analyst has suggested a key breakout point for Bitcoin amidst a bearish market price action. While Bitcoin’s price has been experiencing a downward trend, dynamics and movements over the past few months have established…
Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.
Ethereum price recovery from 8-month low could take longer than expected — Analysts
Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.
Goldman Sachs Raises US Recession Risk to 25%
Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in…
Is Bitcoin Still a Store of Value?
It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.
Arizona primary involving crypto Super PAC’s $1.3M is a squeaker
The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.
BTC vs MPEPE: Top Analysts Compare Profit Potential Between Bitcoin (BTC) & New Cryptocurrency
Bitcoin (BTC) has long been the cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against…
Bitcoin Suffers Major Priced Drop As Iran Make Advances, New Cryptocurrency To Profit In BTC Red Sea
Bitcoin (BTC), the leading cryptocurrency and a staple in digital asset investment, has recently encountered a significant downturn in its price. This decline has been exacerbated by geopolitical developments, particularly Iran’s growing…
Bitcoin (BTC) & Ethereum (ETH) Investors Dump BTC & ETH For New Cryptocurrency To Regain Market Profits
In a striking shift in the cryptocurrency landscape, traditional investors in Bitcoin (BTC) and Ethereum (ETH) are increasingly reallocating their assets into newer, high-potential tokens. This article explores why investors are pivoting away from…
Bitcoin Dump Liquidates $1,000,000,000 As BTC Investors Join New Cryptocurrency
In a dramatic turn of events, Bitcoin (BTC) has witnessed a massive sell-off, resulting in the liquidation of over $1 billion worth of BTC. This unprecedented drop in value has shaken the cryptocurrency market, leading many investors to reassess…
Bitcoin Shocks Pepecoin (PEPE) Investors Pushing PEPE Holders To New PEPE Rival For Massive Profits
Recently, Bitcoin (BTC) experienced a significant price drop, shaking the cryptocurrency market and sending shockwaves through various investment communities. This dramatic change in BTC’s performance has caused many investors to reevaluate their…
Bitcoin Mining Was Never Banned In China
An extraordinary reveal: Mining was never banned in China.Yes, you read that right. In fact, not only was it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining.But what of this Reuters report and others that…
Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars…
Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing
Musk claims he was misled about the ChatGPT creator’s true purpose.
Why The 4-Year Crypto Cycle Is A Thing Of The Past: Top-Analyst
The long-held belief in the crypto market’s predictable four-year cycle, characterized by distinct phases of accumulation, uptrend, distribution, and downtrend, is being questioned by top-analyst Jordan Fish, better known as Cobie. He…