101 / 339 Relevant items tagged with #crypto
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Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
[Jul 2, 2024 2:40 PM] The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to…
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
[Jul 2, 2024 1:35 PM] Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a…
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
[Jul 2, 2024 11:32 AM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from…
Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means
[Jul 2, 2024 11:00 AM] In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the…
Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment
[Jul 2, 2024 10:34 AM] Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago…
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
[Jul 2, 2024 9:38 AM] On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
[Jul 2, 2024 9:34 AM] Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins…
36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market
[Jul 2, 2024 9:30 AM] The ENS token (Ethereum Name Service) has recently taken center stage in the crypto community, sustaining a 36% rise in in the last week. This steady surge has sparked widespread interest, with some analysts predicting a prolonged bullish trend…
Crypto Exchange Kraken Is Considering Going Nuclear
[Jul 2, 2024 9:27 AM] Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.
US Spot Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads
[Jul 2, 2024 6:32 AM] U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs…
Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer
[Jul 2, 2024 3:45 AM] The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top…
Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini
[Jul 2, 2024 3:05 AM] Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
[Jul 2, 2024 2:02 AM] Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating…
Crypto ‘relief rally’ may be just beginning with sellers exhausted
[Jul 1, 2024 11:57 PM] The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure.
Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag
[Jul 1, 2024 11:25 PM] The knitted-hat-wearing canine of the crypto world, Dogwifhat (WIF), is back in the spotlight. After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. Wags And Trades…
Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
[Jul 1, 2024 10:30 PM] Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as…
Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin
[Jul 1, 2024 9:34 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin…
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
[Jul 1, 2024 8:31 PM] The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and…
Polkadot Treasury Faces Impending Funding Crisis: Limited To 24 Months Before Exhaustion
[Jul 1, 2024 7:30 PM] The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly…
Circle’s Stablecoins Now MiCA Compliant
[Jul 1, 2024 7:20 PM] Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also…
Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman
Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why
[Jul 1, 2024 5:30 PM] In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful…
Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’
Digital Assets See Outflows for 3rd Consecutive Week
[Jul 1, 2024 4:14 PM] Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
[Jul 1, 2024 3:46 PM] Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Steno Research: Spot ETFs Will Take Ether to $6,500 Later This Year
[Jul 1, 2024 2:14 PM] Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno’s latest post on the subject forecasts…
Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level
[Jul 1, 2024 2:00 PM] A crypto analyst has uncovered a new technical pattern in the Cardano price movements, signaling the potential for a substantial rebound. Echoing this optimism, another analyst has affirmed that Cardano may have hit its bottom and could be on the…
Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand
[Jul 1, 2024 1:17 PM] Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to…
Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price?
[Jul 1, 2024 1:00 PM] Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week. This eagerly awaited announcement has raised concerns within the…