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Bitcoin, Ethereum Technical Analysis: BTC Moves Back Below $29,000, as Bullish Sentiment Weakens
[Aug 3, 2023 6:10 AM] Bitcoin was once again trading below the $29,000 level on Thursday, as bulls retreated following yesterday’s gains. The drop appeared to come as traders secured profits, following a failed breakout of a key price point. Ethereum also edged…
Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss as Prices Dip 4%
[Aug 2, 2023 11:30 AM] The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data…
Biggest Movers: MATIC Bounces From 4-Week Low, After Collision With Key Support Point
[Aug 2, 2023 9:30 AM] Polygon rebounded from a four-week low on Wednesday, as bulls rejected a breakout below a key support point. The wider market cap was mostly higher in today’s session, led by the optimism surrounding Microstrategy’s latest bitcoin investment…
Bitcoin, Ethereum Technical Analysis: BTC Surges Towards $30,000, Following Latest Microstrategy Filing
[Aug 2, 2023 6:15 AM] Bitcoin moved towards the $30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy. In the second quarter the company reportedly added 12,333 BTC at a cost of $361.4 million. Ethereum jumped back…
Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
[Aug 1, 2023 10:00 AM] As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect…
Biggest Movers: SOL, XLM 5% Lower, as Bearish Streak Extends
[Aug 1, 2023 9:30 AM] Solana dropped for a third consecutive session on Tuesday, as the token started the month of August nearly 5% lower. Overall, the global market cap was mostly in the red, dropping by 1.44% as of writing. Stellar fell to a one-week low, following a…
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
[Aug 1, 2023 8:00 AM] The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take…
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000
[Aug 1, 2023 6:30 AM] Bitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies. The U.S. dollar rose ahead of this afternoon’s manufacturing Purchasing Managers Index (PMI), which is…
Bavaria’s Data Protection Office Launches Probe Into Worldcoin’s Iris-Scanning Data Practices
[Aug 1, 2023 5:30 AM] Bavaria’s State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday. This comes shortly after similar investigations…
BALD Coin Rug Pull: How A $100 Million Memecoin Became Worthless Overnight
Biggest Movers: SHIB Stays Close to Recent 2-Month High on Monday
[Jul 31, 2023 9:19 AM] Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today’s session. Bitcoin cash…
Bitcoin, Ethereum Technical Analysis: BTC Slightly Higher Ahead of This Week’s US Economic Data
[Jul 31, 2023 6:30 AM] Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum…
Borneo authorities seize illegal crypto miners running off stolen power
[Jul 31, 2023 3:30 AM] A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo.
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
[Jul 30, 2023 11:30 PM] A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made…
US Representatives Bilirakis and Schakowsky Inquire About Apple’s Policies on Blockchain and NFTs
[Jul 30, 2023 3:30 PM] Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain…
Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
[Jul 30, 2023 7:30 AM] Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million…
Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
[Jul 29, 2023 9:30 AM] Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC…
Bitcoin, Ethereum Technical Analysis: ETH Pushes Towards $1,900 to Start the Weekend
[Jul 29, 2023 6:21 AM] Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer…
Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution
[Jul 28, 2023 5:30 PM] The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry…
69% of Meme Coin Investors Buy for Fun — Study Delves Into Investor Sentiments on Meme Coins
[Jul 28, 2023 3:30 PM] A new study conducted in May 2023 sought to uncover insights, perspectives, and outlooks on meme coins from crypto investors around the world. The online survey of 1,503 participants aimed to gauge meme coins’ potential in the cryptocurrency…
Worldcoin’s Launch Propels Optimism to Record-Breaking Daily Transaction Volume
[Jul 28, 2023 1:30 PM] With the recent launch of Worldcoin’s token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD…
Ethereum Price Set to Reach $2,500 by Year-End, Predicts Finder’s Panel
[Jul 28, 2023 11:30 AM] The price of ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is anticipated to hit a high of $2.7K before settling at around $2.5K by the end of 2023, according to the latest report from Finder. The report is based…
Bitcoin, Ethereum Technical Analysis: BTC Hangs on to $29,000 Level, Despite Increased Market Volatility
[Jul 28, 2023 6:51 AM] Bitcoin remained above a key support point on Friday, despite bears attempting to push the price below $29,000. Today’s session saw sentiment once again shift bearish, as U.S. consumer sentiment data looms. Ethereum was mostly unchanged in…
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
[Jul 27, 2023 4:30 PM] According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory…
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
[Jul 27, 2023 3:00 PM] Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility…
Solana (SOL) Records Positive Moves As Bears Took Control, What’s Pushing It?
[Jul 27, 2023 12:00 PM] The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable…
Biggest Movers: SOL Nears $26.00 Resistance Level, MATIC Moves Away From Support
[Jul 27, 2023 9:45 AM] Solana was once again in the green, with bulls pushing the token towards a key resistance level at $26.00. The move comes after yesterday’s 7% surge, however earlier gains have since declined, as U.S. gross domestic product (GDP) grew 2.4% as…
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
[Jul 27, 2023 6:43 AM] Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in…