Crypto

Recent developments in the political landscape have shown a growing interest in the cryptocurrency industry as a battleground for rival presidential campaigns. A new advocacy group known as “Crypto for Harris” has emerged to challenge Donald Trump’s appeal within the industry. This group aims to support the Harris campaign and drive fundraising efforts by organizing
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XRP has recently shown a remarkable decoupling from the broader crypto market by outperforming all top assets in terms of daily gains. This digital asset experienced a sharp uptick in price, reaching $0.64 before slightly retracing to $0.61. What sets XRP apart from the rest is the significant accumulation by whale wallets, with wallets holding
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The recent $12.7 billion settlement finalized by United States District Judge Peter Castel has put bankrupt cryptocurrency exchange FTX and its sister company Alameda Research in the spotlight. This decision comes as part of a settlement with the United States Commodity Futures Trading Commission (CFTC) after a 20-month-long lawsuit initiated by the commission. The filing
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The recent prediction by Benzinga crypto analyst Armando Pantoja regarding Shiba Inu’s price surging to $0.001 has caught the attention of many investors. However, it is essential to note that the cryptocurrency market is highly unpredictable, and past performance does not guarantee future results. While Shiba Inu experienced a significant price increase of 1,000x in
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Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a strong bullish sentiment among large investors
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The CryptoQuant CEO, Ki Young Ju, has expressed optimism regarding Bitcoin’s potential to surpass its all-time high if the price remains above $45,000. Despite some bearish indicators in the broader financial markets, Ju believes that Bitcoin’s recovery is possible, especially if it maintains its current levels for the next week or two. However, he also
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The Bitcoin exchange-traded funds (ETFs) in the United States hit a milestone on August 5, with daily trading volume exceeding $5 billion. This surge marked the first time since mid-April that such a high volume had been achieved. Among the top contributors to this impressive figure, BlackRock’s IBIT ETF stood out with nearly $3 billion
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Marathon Digital (MARA) experienced a significant drop in its shares in after-hours trading following a second-quarter revenue report that failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, falling short of the forecasted $157.9 million by approximately 9%. The revenue miss was attributed to operational challenges such as unexpected equipment failures,
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In July, the total stablecoin market capitalization saw an impressive growth of 2.11%, reaching a total of $164 billion. This upward trend marks the tenth consecutive month of ascent for major stablecoins, with their market dominance increasing to 6.93%. Tether, the largest stablecoin by market cap, experienced a 1.61% increase to $116 billion, setting a
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Senator Cynthia Lummis of Wyoming has recently introduced a groundbreaking Bitcoin bill that could potentially change the landscape of digital assets in the United States. This bill, dubbed the “Bitcoin Act,” has been likened to the historic Louisiana Purchase and aims to bolster the government’s holdings of Bitcoin over the next five years. The proposed
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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
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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
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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
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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
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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
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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%
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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
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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
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