The recent slide in price of Bitcoin below the $60,000 threshold, followed by a subsequent drop below $50,000, might finally be showing signs of reversal, as suggested by the latest buying trends. These trends indicate a strong accumulation phase among large-scale investors, commonly known as whales, who have been capitalizing on the price dip to …
Monthly archives: August 2024
BOJ ex-board member says another rate hike unlikely this year
The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March.
4,300,000 Americans Exposed As Savings Account Data Breach Leaks Customers’ Names, Addresses and Social Security Numbers
Millions of Americans may be at risk of fraud after bad actors breached the systems of a Utah-based fintech firm. Health savings account (HSA) administrator Health Equity tells the Office of the Maine Attorney General that it suffered a security incident that “resulted in unauthorized access to or disclosure of” the sensitive data of 4.3 …
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a …
Continue reading “Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations”
From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today
During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history, sliding below $38 per PH/s. In this fiercely competitive bitcoin mining arena, only the most resilient operations can thrive, with the best-performing machines bringing in …
Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade
Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non-binary settlement options. The upgrade also includes live game scoring for real-time updates and enhanced cross-chain capabilities. Vega’s prediction market aims …
Continue reading “Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade”
Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days
According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024, …
Continue reading “Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days”
Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands
CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as …
Continue reading “Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands”
Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns about the implications of the proposed regulation, urging the …
Continue reading “Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts”
Expect Bitcoin ETF options to launch before 2025
You can expect Bitcoin ETF options to begin trading in the United States before 2025.
California City Launches New ‘Bitcoin Office’ Dedicated to ‘Transformative Potential’ of BTC
Santa Monica, California, is launching a new office dedicated to educating the community about Bitcoin (BTC). In a new announcement, the government of the city of Santa Monica – a part of Los Angeles County – says that it’s opening the Bitcoin Office to help residents and businesses understand its potential and role in the …
Mysterious Companies Quietly ‘Taking Over’ Neighborhoods Across US, Squeezing Families Out in Massive Land Grab: Report
Large, opaque corporate entities are reportedly targeting residential neighborhoods across the US, quietly outbidding everyday Americans chasing the dream of owning their own home. The Tampa Bay Times is tracking a surge in companies increasingly “taking over” neighborhoods by making direct cash offers to homeowners in Tampa Bay, Florida. Once a sale is made, the …
SEC Subpoenas Crypto Venture Capital Firms in Potential Enforcement Actions Against Digital Asset Industry: Report
The U.S. Securities and Exchange Commission (SEC) has reportedly subpoenaed at least three crypto venture capital firms in 2024. Citing a source familiar with the matter who wished to remain anonymous, DL News reports that three crypto VC firms received identical subpoenas from the SEC requesting any contract of token deals with investors. “The staff …
Half of the 10 most valuable companies on Earth are making metaverse hardware
The metaverse is dead, long live the metaverse.
Traders hope $60K Bitcoin price boosts momentum in ETH, SUI, TAO and NOT
Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.