Sergey Nazarov, co-creator of blockchain oracle service Chainlink (LINK), says that one burgeoning sector of the digital asset space is set to become a leading trend. Nazarov tells his 150,000 followers on the social media platform X that real world assets (RWAs) look poised to become the next big trend in blockchain. The RWA trend …
Monthly archives: July 2024
Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market
Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies. Related Reading Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of …
Continue reading “Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market”
Ethereum Bulls Gear Up For Recovery – Can Spot ETFs Push Price To New Highs?
Ethereum (ETH) is gearing up for a price uptick as we begin a new week. Ethereum is currently trading at $3,195 and is up by 1.83% in the past 24 hours. Although Ethereum’s gains are part of a wider market rally after a rebound, the altcoin is in the best position to surge the most …
Continue reading “Ethereum Bulls Gear Up For Recovery – Can Spot ETFs Push Price To New Highs?”
Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government?
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading Despite this considerable …
Bitcoin Price To Return Above $63,000? Here’s What Needs To Happen
The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a …
Continue reading “Bitcoin Price To Return Above $63,000? Here’s What Needs To Happen”
Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms …
Continue reading “Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details”
Bitcoin whales snapped up $4.3B of BTC amid price slump
Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed.
Here’s the impact of MiCA regulations on the European crypto market
The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the introduction of the Markets in Crypto-Assets (MiCA) regulation. Mike Romanenko, CVO & Co-Founder at Kyrrex, foresees it will present multiple opportunities and challenges for crypto players across …
Continue reading “Here’s the impact of MiCA regulations on the European crypto market”
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the …
Continue reading “US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says”
Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million
According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved …
Continue reading “Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million”
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles …
Continue reading “Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System”
Privacy Coin Monero Tops Payments at European Online Retailer Shopinbit in June
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared …
Continue reading “Privacy Coin Monero Tops Payments at European Online Retailer Shopinbit in June”
Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, …
Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the …
Continue reading “Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days”
$3,540,000,000 in Bitcoin (BTC) Moved to Crypto Exchanges in Just One Month, According to Analyst
A closely followed on-chain analyst says billions of dollars worth of Bitcoin (BTC) were sent to digital asset exchanges in the last 30 days. Analyst Ali Martinez tells his 67,000 followers on the social media platform X that Bitcoin holders moved tens of thousands of BTC to crypto exchanges last month where they could potentially …