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
Crypto
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
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
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
Nexera, a prominent DeFi protocol, recently experienced a smart contract security breach that led to the theft of $1.5 million worth of NXRA tokens. This incident has had significant repercussions for the protocol and its native token. The Exploit The exploit was first reported by Cyvers, a blockchain security firm, on August 7. The firm
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
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
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
The total crypto market capitalization has once again surpassed $2 trillion, after experiencing a significant downturn that wiped out $500 billion from the space in less than a week. This sharp decline saw the figure drop to $1.83 trillion on August 5, triggered by Bitcoin falling below $50,000 and Ethereum plummeting 23% in a single
In the midst of a massive market crash that caused Ethereum to drop by 23% in less than 24 hours, U.S. spot Ethereum ETFs surprisingly experienced a positive day of inflows. On August 5th, the newly launched spot ETH ETFs collectively saw an inflow of $49 million, marking it as the second-highest inflow day since
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,
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
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
In the second quarter of 2024, Riot Platforms experienced a significant setback with a net loss of $84.4 million, a sharp increase from $27.4 million in the same period the previous year. This widened loss can be attributed to the lingering effects of the Bitcoin halving that occurred in April. Despite this, Riot still managed
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
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.
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%
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 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
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,