The Bitcoin price plunged 3% over the past 24 hours to lose the key $65K support as the US Fed kept rates unchanged and Chair […] Go to Source
Monthly archives: August 2024
‘Violent Up-Only Price Action’ Around the Corner for Bitcoin, Says Crypto Analyst – But There’s a Catch
A prominent crypto analyst believes that Bitcoin (BTC) is gearing up for a parabolic rally in the current bull market cycle. In a new strategy session, pseudonymous crypto trader Kaleo tells his 642,800 followers on the social media platform X that based on historic precedence Bitcoin could soon enter price discovery. Crypto traders and analysts …
Crypto projects lose $278 million to July hacks, second-highest in 2024
Crypto projects lost $278.8 million to exploits and hacks in July—the second-highest monthly loss this year—according to blockchain security firm CertiK. CertiK pointed out that the losses were primarily due to exit scams, flash loans, and other exploits. However, $7.8 million of these stolen assets were recovered, reducing the net loss to $270.9 million. The …
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Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive
Available exclusively via Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the technical and practical differences between BlackRock’s IBIT and ETHA to explain how these products operate. Go to Source
Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467 million wagered
Kamala Harris’s odds surged to 45% on Polymarket following Donald Trump’s appearance at the National Association of Black Journalists (NABJ) panel. Polymarket, the prominent crypto betting platform, has seen a significant influx of wagers due to the turbulent US presidential election, prompting the platform to upgrade its infrastructure. According to Bloomberg, the platform added MoonPay …
Veterans From EA, Nintendo, Blizzard and More Launch Bomberman-Style Web3 Game
A subsidiary of Animoca Brands has launched the open beta of its new Web3-centric action game, Cosmic Bomber. Developed by industry veterans from Sony, Electronic Arts, Nintendo, Lucas Arts, and Blizzard, the game is now available to over 1.77 million holders of Moca ID, the identity layer of Animoca Brands’ network. Cosmic Bomber offers strategic …
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California DMV Revolutionizes Vehicle Title Transfers With Avalanche Blockchain Integration
The California Department of Motor Vehicles (DMV) has successfully integrated 42 million car titles onto the Avalanche blockchain network, which uses the cryptocurrency AVAX as its native token. This innovative system, developed by Oxhead Alpha, enables users to transfer vehicle titles within minutes, significantly reducing the traditional two-week processing time. This initiative is part of …
Bitcoin Core Discloses Two Security Vulnerabilities
The Bitcoin Core project has disclosed two security vulnerabilities that could have affected the stability of the Bitcoin network. The first one, classified as having a high severity level, could have caused an assertion crash of the network via a message spam attack. The second one, with a low severity level, was linked to Miniupnp, …
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Report Reveals China Continues to Secretly Grow Its Gold Stash, Misleading Market to Cause Price Cool-Off
Jan Nieuwenhuijs, a gold analyst specializing in Chinese markets, alleges that China has continued to secretly buy gold without reporting it to the market, benefiting from a price cool-off. Nieuwenhuijs states that the strategy of the PBOC is to purchase gold through UK bullion banks, which goes unreported by using non-traditional bank conduits. Report Alleges …
Here’s How Bitcoin (BTC) Reaches $2,900,000 per Coin, According to VanEck Analysts
Analysts at the investment management giant VanEck think Bitcoin’s price (BTC) could skyrocket to $2.9 million by 2050. For that to happen, BTC will need to become a key part of the international monetary system, according to Matthew Sigel, VanEck’s head of digital assets research, and Patrick Bush, a senior investment analyst at the firm. …
SUN.io Launches SUN DAO to Enhance Decentralized Governance and Drive Ecosystem Innovation
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Singapore, July 30, 2024, 12:00 PM – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io’s decentralized governance and …
NUPL ratio shows why long-term holders are better market top indicators
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Bitwise CIO says market is ‘not bullish enough’ amid rising political endorsements
Bitwise CIO Matt Hougan believes the market is “not bullish enough” about Bitcoin, and investors need to rethink the flagship crypto’s potential upside after what happened at the Bitcoin2024 conference. Hougan’s reflections on the 2024 Bitcoin Conference in Nashville suggest a dramatic shift in what’s possible for Bitcoin compared to even two years ago. He …
Riot Platforms posts $84.4 million loss in Q2 amid 52% decline in Bitcoin production
Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect …
US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency and demonstrate national support for it. Senator Hagerty Discusses Trump’s Bitcoin Strategy U.S. Senator …
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