The cryptocurrency market experienced a rollercoaster ride this past week, with Bitcoin’s price fluctuating significantly. The week kicked off on a positive note as Bitcoin saw a $3,000 surge on Monday, reaching $70,000 for the first time since early June. This surge was attributed to former US President Donald Trump’s pro-bitcoin comments at the 2024
admin
In the past few hours, Bitcoin has experienced a significant drop, falling below $60,000 for the first time in several weeks. This comes after a period of volatility, where the price of the asset reached a peak of $70,000 just last Monday, only to plummet by four grand later that day. The bears have been
California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This collaboration with software development firm Oxhead Alpha aims to streamline the state’s title transfer process. The upcoming mobile application will allow users to easily claim their digital titles without the
The recent charges filed by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) against Nader Al-Naji have shed light on a multi-million-dollar fraudulent scheme involving BitClout, a social media platform, and its native token BTCLT. According to the SEC complaint, Al-Naji managed to raise an astonishing $257 million through unregistered
Recently, on-chain sleuth ZachXBT made a significant discovery linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to the hacking incidents involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell victim to a
Bitcoin’s price took a hit recently as it broke down below the $64K support level. This drop has put the cryptocurrency in a critical area that could have a significant impact on the market’s mid-term outlook. The daily chart reveals a pattern of decline, starting from a double top formation at the $68K resistance level.
John is a dedicated writer with a strong passion for the cryptocurrency industry. Despite not initially choosing this path, he has become deeply engrossed in the world of digital assets for over two years. His commitment to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies is unparalleled. John
Bitcoin miners are currently experiencing a rise in profitability and an uptick in hashrate following the recent rally of Bitcoin to the $69,000 range. The recovery of the hashrate by 6% to 604 EH/s is a positive sign for the network, indicating potential stability and strength in the market. Additionally, the Miner Profit/Loss Sustainability metric
The recent economic uncertainty in the United States has sent shockwaves through the cryptocurrency market, causing significant price drops in major digital assets. Bitcoin, the leading cryptocurrency, saw a sharp decline to $60,500, marking its lowest price point in almost three weeks. The altcoin market fared even worse, with coins like SOL, TON, and UNI
Bitfarms, a Bitcoin mining company based in Toronto, recently reported a significant increase in its operational hash rate. By the end of July, the company’s hash rate had reached 11.1 EH/s, representing a 109% year-over-year increase and a 7% rise month-over-month. The average hash rate for the month was 10.3 EH/s, showing a substantial 36%
The real identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, has baffled the world for over a decade. Despite numerous theories and speculations, the true identity of this individual remains shrouded in mystery. One prominent figure, software developer Craig Wright, has boldly claimed to be the mastermind behind Bitcoin. However, another theory put forth
MicroStrategy, renowned for being the largest public Bitcoin holder globally, has recently revealed plans to raise up to $2 billion through the sale of its class A shares. This move signifies a continued strategic focus on expanding its cryptocurrency portfolio. The funds generated from the stock sale will be utilized for general corporate purposes, with
In a bid to attract more investors, Futu Securities International, the largest online broker in Hong Kong, has recently introduced retail cryptocurrency trading in the city-state. This strategic move has piqued the interest of residents in Hong Kong who can now trade in popular cryptocurrencies such as bitcoin and ether on the brokerage platform using
In the world of cryptocurrency, Cardano (ADA) has been making waves lately, especially in terms of transaction volume. It has been observed that Cardano is now in competition with Ethereum in terms of large transaction volume. This is a significant development for the ADA ecosystem, as it indicates a surge in accumulation among the token’s
In recent days, Ripple’s XRP has experienced a significant price drop from $0.66 to around $0.56. This represents a 7% decrease on a daily scale and a 14% decline since its recent peak. Analysts have pointed out a bearish pattern that suggests a further downtrend in the price of XRP. Veteran trader Peter Brandt has
is a leader in the field of jiujitsu apparel and equipment. Bitcoin.com is honored to be part of this collaboration and excited to offer three sets of exclusive “Proof-of-Work” training sets. To be entered to win, simply like and quote-post with the following hashtags: #proofofwork, #scramble, #bjj, #adcc, and #mma. Winners will be contacted by direct message
Solana has recently made headlines in the world of decentralized exchanges (DEX) by surpassing Ethereum in monthly DEX volume for the month of July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking a significant milestone for the network. This surge in volume is attributed to the increasing activity on Solana’s platforms such
Bybit, a prominent crypto exchange, recently announced the termination of its operations in France due to regulatory challenges. The decision came as a result of new developments from the French regulator, which raised concerns about licensing issues. This move has left Bybit with no choice but to cease its services in the country, much to
Recently, crypto researcher Molly White raised allegations against popular crypto exchange Coinbase regarding a $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC). White suggested that this donation might have violated campaign finance laws due to the timing of the contribution in relation to Coinbase’s negotiations for a federal government contract with
The journey of Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance from authorities, Garcia and his team persisted and successfully developed a comprehensive
Active users of the Wallet app can now claim their VERSE tokens. Hey everyone! We’ve got some exciting news to share. Our first airdrop of VERSE tokens is now live! If you are an active Ethereum user of the , there’s a good chance you are eligible to claim VERSE tokens right now. So head over
Lost Dogs, a groundbreaking game on Telegram, has introduced a unique concept that combines NFTs and token rewards in a story-driven format. Developed through a collaboration between Notcoin and Lost Dogs Co, this game immerses players in a world of magic dogs where daily decisions shape the evolving storyline. With each choice influencing the characters’
The recent turmoil in the world stock markets has not spared the cryptocurrency market, as volatility has become a common theme across the board. A closer look at Ethereum shows a 3% loss for the week, with the price failing to hold onto its previous support at $3,300. The current support level stands at $2,800,
Former US President Donald Trump has recently made a big splash in the world of cryptocurrency by endorsing Bitcoin. This move comes as he prepares for a potential return to the White House in 2024. To further solidify his stance on Bitcoin, Trump has launched a line of Trump-themed sneakers that have quickly sold out
The decentralized finance (DeFi) sector is currently experiencing a notable resurgence, with key metrics such as active loans and total value locked (TVL) showing significant growth from their 2023 lows. DeFi lending, which allows investors to lend their crypto holdings in exchange for interest, plays a crucial role in indicating DeFi participation and overall market
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter, exceeding market expectations. This significant figure represents a substantial increase from the $674.1 million in total income reported during the same period last year. Furthermore, the company managed to achieve a net income of $36 million for the quarter,
Bitwise CIO Matt Hougan’s recent call to crypto investors to reconsider Bitcoin’s potential upside comes at a crucial time in the market. While many have been focused on the downside risks, Hougan believes that the recent developments at the Bitcoin2024 conference indicate that the market is “not bullish enough” about the flagship cryptocurrency. The Bitcoin2024