Crypto losses to hacks exceed $313M in August
[Sep 1 9:09 AM] The two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.
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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst
[Sep 1 9:00 AM] Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in…
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
[Sep 1 8:30 AM] A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure…
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
[Sep 1 12:30 AM] Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the…
South Korea’s Bitcoin Premium Persists Amid Market Volatility
[Aug 31 9:55 PM] Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52%…
Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity
[Aug 31 9:30 PM] A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will…
Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip
[Aug 31 3:04 PM] While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and…
Bitcoin Hash Price Hits New Low — Is It Time To Buy?
[Aug 31 2:30 PM] The price of Bitcoin failed to capitalize on its recent momentum over the past week, losing its hold above $60,000 yet again in August. As of this writing, the premier cryptocurrency is valued at $59,131, with no significant price change in the…
Bitcoin Set For Further Losses As Data Points To Stormy September – Details
[Aug 31 6:00 AM] According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last…
How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In
[Aug 31 12:30 AM] As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts…
Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
[Aug 30 11:00 PM] On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant…
Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why
[Aug 30 9:30 PM] Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’…
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
[Aug 30 9:10 PM] On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with…
Price analysis 8/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
[Aug 30 8:30 PM] Bitcoin’s failure to maintain above $60,000 is pulling altcoin prices toward their recent swing lows. What will it take to turn the market around?
Bitcoin collateralized loans can accelerate capital velocity: Ledn CEO
[Aug 30 6:37 PM] Sprawling bureaucracies, inefficient processes, and fax machine-era technology have hampered economic development and capital velocity.
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
[Aug 30 5:19 PM] The proposal would effectively transfer control of WBTC to Threshold.
Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M
[Aug 30 4:40 PM] After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday…
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
[Aug 30 3:54 PM] It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.
Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?
[Aug 30 3:30 PM] Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new…
Bitcoin price technicals target $87K by 2025, with one key resistance level in the way
[Aug 30 2:42 PM] Bitcoin’s price breakout could be delayed until October unless it manages to overcome the key $59,600 resistance.
Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%
[Aug 30 2:09 PM] Bitcoin bulls may be in for a grim reminder of how the start of Q4 can be difficult for BTC price bullishness.
Five crypto market predictions that haven’t come true — yet
[Aug 30 2:00 PM] Crypto narratives sometimes promise a trip to the moon, but not all rockets make it, and markets tend to have a sloppy memory, often falling into the same traps.
First Mover Americas: BTC Little Changed, on Course to End August Down 8%
[Aug 30 12:12 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Market Slip Drags Injective Down 16% Despite Ongoing Developments
[Aug 30 11:00 AM] With the market resuming its bearishness today, August 30th, Injective continues to slip and slide. According to CoinGecko, INJ took a nose dive by 16% which slashed any hopes of a short-term recovery. Although the token’s performance leaves much…
Bitcoin hashprice slump echoes March 2020 BTC price launch zone
[Aug 30 10:48 AM] Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs.
Mt. Gox and US gov’t could introduce $14B Bitcoin selling pressure
[Aug 30 10:39 AM] Bitcoin’s crabwalk could extend into September as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure.
Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth
[Aug 30 9:30 AM] Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit…
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
[Aug 30 7:46 AM] U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.
Bitcoin ‘Must Do This Now’, Says Crypto Analyst
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
[Aug 30 4:15 AM] A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate.