110 / 339 Relevant items tagged with #CRYPTO
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Analyst’s Bullish Call: Bitcoin Primed For Massive Jump To $127,000
[Jun 18, 2024 1:00 PM] Bitcoin, the undisputed king of cryptocurrencies, finds itself in a tug-of-war between bullish whispers and bearish roars. While some analysts point to technical indicators hinting at a price surge, others warn of potential pitfalls lurking beneath…
Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000
[Jun 18, 2024 12:00 PM] Bitcoin recently dropped below the critical support level between $67,000 and $68,000, having failed to break above the $70,000 price level successfully. Based on crypto analyst Josh’s analysis, the flagship crypto needs to climb above this…
Transak Lists Paypal’s PYUSD for Easier Crypto Access
[Jun 18, 2024 11:22 AM] According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the…
Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates
[Jun 18, 2024 11:06 AM] The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx…
Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets
[Jun 18, 2024 10:31 AM] Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track…
Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million
[Jun 18, 2024 9:10 AM] Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month…
Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp
[Jun 18, 2024 8:17 AM] The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past…
Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower
[Jun 18, 2024 7:35 AM] At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an…
Solana gaming studio Mirror World raises $12M in funding
[Jun 18, 2024 7:00 AM] The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects.
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
[Jun 18, 2024 5:30 AM] In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin…
From Cheers To Tears: Beercoin (BEER) Dries Up, Loses 70% Of Its Value
[Jun 18, 2024 4:00 AM] Beercoin, the effervescent Solana-based meme coin that promised a taste of financial freedom, is experiencing a hangover of epic proportions. After a meteoric rise in price earlier this month, Beercoin has come crashing down, plummeting by nearly…
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
[Jun 18, 2024 2:14 AM] FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback
[Jun 18, 2024 2:00 AM] Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States. In…
End Of The Road For FLOKI? Analyst Predicts 80% Crash For The Shiba Inu Competitor
[Jun 18, 2024 12:30 AM] Shiba Inu competitor FLOKI has been one of the best performers this year and continues to maintain a high level in the market. Its price has more than doubled in 2024, prompting an influx of new investments into the meme coin. However, as investors…
Is Ethereum Poised For A Record Break? Top Analyst Says $5K is Coming Soon – Here’s Why
[Jun 17, 2024 11:00 PM] Prominent crypto analyst Jelle has projected Ethereum (ETH) to surge to $5,000 by the end of this year. This prediction comes with a notable reason from a technical perspective. Ethereum Rally: Setting the Stage For New Peaks Jelle’s forecast…
Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details
[Jun 17, 2024 9:00 PM] Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company’s Alloy by Tether platform. By leveraging…
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
[Jun 17, 2024 8:37 PM] Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as…
Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’
[Jun 17, 2024 7:52 PM] Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El…
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
[Jun 17, 2024 7:20 PM] The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of…
Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team
SEC’s Crypto Enforcement Chief Departs After 9 Years
[Jun 17, 2024 5:16 PM] The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against…
Crypto Analyst Predicts XRP Price Will Rally 102,590% To $500, But There’s A Catch
[Jun 17, 2024 5:00 PM] A crypto analyst has revealed a timeframe for XRP, the native token of the XRP Ledger (XRPL) to witness a substantial 102,590% rally. If this price surge occurs, XRP’s current modest value could skyrocket to an impressive $500 during this bullish…
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
[Jun 17, 2024 4:11 PM] JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been…
TON Blockchain’s TVL Skyrockets 100% In Record Time, Analysts Bullish On Next Price Targets
[Jun 17, 2024 4:00 PM] Toncoin, the native cryptocurrency of The Open Network (TON) blockchain, has recently experienced notable price appreciation and rapid growth in its ecosystem. After a period of consolidation between $1 and $2 since 2022, TON’s price has…
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
[Jun 17, 2024 3:18 PM] According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have…
CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next?
[Jun 17, 2024 3:00 PM] The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key…
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
[Jun 17, 2024 2:16 PM] As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The…
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
Coinbase International announces support for pre-launch market
[Jun 17, 2024 1:00 PM] Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange.