2024 has been a standout year for Bitcoin, seeing the asset reach new all-time highs earlier this year. Over the past seven days, BTC surged by 3.11% and reached nearly $65,000 following a bearish August. Since its weekend climb though, the asset has fallen back down to $61,587.81, a 4% drop in 24 hours. Despite…
Helium (HNT) is continuing its upward trajectory despite the market dip. According to CoinGecko, the token is up nearly 15% since yesterday, sparked by the recent on-chain developments that will expand on Helium’s decentralized physical infrastructure (DePIN). Related Reading Recently, Helium’s official X account announced the voting period for two crucial proposals for Helium Mobile….
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday,…
BlackRock’s leading Spot Bitcoin ETF has seen its largest inflow in a month amid BTCs recent slip. Indeed, the $10 trillion asset manager iShares Bitcoin Trust (IBIT) has observed its largest inflow since July 22. Moreover, it took place as the leading crypto fell below the $64,000 level. It has been a volatile few months…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
Nasdaq, the major American stock exchange, is planning to introduce a new financial tool for Bitcoin enthusiasts. The exchange is seeking approval from the SEC to launch and trade Options on the Bitcoin Index. This could provide traders and institutions another way to get exposure with Bitcoin investment. What is an Option Options are listed…
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to investors, emphasized that Powell’s statement has alleviated some of the uncertainty surrounding Bitcoin. On Aug. 21, Powell hinted that interest rate cuts are imminent. This…
XRP nears a breakout from a symmetrical triangle, eyeing $0.90, $1.50, or $2.50 targets. Bollinger Bands contract, signaling potential explosive price movement for XRP. XRP could surge past $0.90 if it breaks resistance, but a drop below $0.30 is possible. XRP’s price action is currently set against a backdrop of significant technical indicators, suggesting a…
The number of global crypto millionaires has nearly doubled in 2024, reaching 172,300. Spot BTC ETFs have collected over $50B in assets, boosting institutional investments. Singapore ranks top for crypto millionaires seeking tax-friendly regulatory settings. The wealth of cryptocurrency investors has suddenly surged in 2024, with a large increase in the number of crypto millionaires…
Two prominent financial institutions in the US—Nasdaq and CME Group—have launched new Bitcoin-related products as institutional adoption of the top crypto continues. According to an Aug. 27 announcement, Nasdaq has partnered with CF Benchmarks to file with the US Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). XBTX The…
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the…
New Zealand proposes new taxation rules that involve introducing crypto tax rules. The bill implements OECD’s crypto-reporting framework to levy taxes on crypto traders. The service providers who fail to comply with the reporting rule will face penalties. New Zealand is gearing up to launch new crypto regulatory laws, especially on taxation. On August 26,…
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…
Ripple’s network now includes almost every bank in China & Hong Kong, boosting connectivity. The altcoin enables efficient cross-border transfers for banks in China and Hong Kong. XRP eyes $0.65 if it closes above $0.60, signaling continued upward momentum. Ripple has integrated support for banks in China and Hong Kong, marking a significant extension of…
The Chinese yuan’s profile in global payments and trade is rising, overtaking the US dollar as the most used currency in cross-border payments in China. It’s also making a mark in other countries and was the most traded currency on Russia’s Moscow Exchange last year. The US dollar has dominated global commerce for decades, and…
August 27, 2024 at 07:50 PM GST updated: August 27, 2024 at 07:39 PM 2 mins read News Federal Reserve interest rate cuts and labor market shifts could impact traditional and digital financial markets within weeks. The U.S. elections might introduce a pro-crypto administration, potentially affecting Bitcoin mining and stablecoin regulations. Russia’s cryptocurrency trials and…
Bitcoin falls below $63K as top cryptos face losses signaling a broader market downturn. Market cap dips to $2.32T with Dogecoin, Tron and Ethereum experiencing significant declines. BTC dominance rises slightly while smaller tokens like Reddit Dog post surprising gains. Bitcoin has dipped below the $63,000 mark, reflecting a broader downturn in the cryptocurrency market….
Bitcoin, the leading cryptocurrency, is growing faster than the internet. Many see it as a way to achieve financial freedom through Bitcoin investment. We all understand that the cryptocurrency world is tricky. It offers both opportunities and challenges to consider. Also Read: Toncoin: AI Sets TON Price for September 1, 2024 Unlock Financial Freedom: Master…
Yang Bin was sentenced to 6 years in Singapore for a $5M cryptocurrency Ponzi scheme. Over 700 were defrauded by Yang’s fake crypto mining scheme using non-existent machines. Yang’s Ponzi scheme involved fake crypto mining investment returns with a fraudulent app. Yang Bin, a former textile mogul and once China’s second-richest man, has been sentenced…
Bitcoin price dropped by 1.56% in the last 24 hours, slipping down to $62.7K. From the beginning of 2024, BTC withdrawals from exchanges total up to 210,000 BTC. The bears are restraining the bulls from making the move, and the recent bullish momentum of BTC is gradually diminishing. Bitcoin is at a critical juncture, with…
Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Renowned on-chain analytics firm Santiment recently released insights highlighting a subtle yet impactful shift in the Bitcoin market. Despite a relatively mild dip in Bitcoin’s price, the total open interest (OI) on exchanges witnessed a more pronounced decline. This development is drawing attention to potential changes in market sentiment,…
Metaverse tokens STX, RENDER, FLOKI, EGLD, and FLOKI lead the charge in digital economies. STX and EGLD bring secure, scalable blockchain solutions to Metaverse development. FLOKI and SAND offer unique opportunities in dApps communities and virtual environments. As the Metaverse emerges as the new generation of communication technology, several cryptos on the blockchain are in…
Nigeria’s Federal Inland Revenue Service (FIRS) is planning to restructure its tax system to incorporate cryptocurrency, a move described as a “game changer” by a key Nigerian organization. The proposed revisions seek to update tax regulations to better match with the changing financial landscape, thereby spurring economic growth and encouraging investment. The Nigeria Professionals in…
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs…
As the United States and China start paying more attention to Bitcoin Strategies, the destiny of Bitcoin is to be connected with these geopolitical processes. In America, the regulators used the enforcement actions of the SEC along with future Bitcoin ETF approval, discussions in Congress, and other activities. These actions are intended to reduce uncertainty…
Kusama clarifies Shiba Eternity is part of Shiba Inu ecosystem, not linked to K9 Finance. K9 Finance’s co-founder mistakenly connects Shiba Eternity to K9, corrected by Kusama. After correction, K9 Finance’s co-founder confirms that Shiba Eternity belongs to Shiba. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has clarified that Shiba Eternity, a card-based…
27 August 2024, Vilnius, Lithuania – HIPTHER, the organizer of renowned conferences in the Gaming and Technology industries and the parent brand of GameTech media, is thrilled to announce the dates for the 2025 MARE BALTICUM Gaming & TECH Summit. Mark your calendars for May 27-28, 2025, as the event will take center stage at…
TAO confirms a breakout from a descending broadening wedge with a projected target of $720. FET approaches a key $1.55 resistance level after breaking out of a broadening wedge pattern. Both TAO and FET show strong bullish momentum with targets of $720 and $4.20 respectively. In recent developments, two altcoins have caught the attention of…
In the latest episode of the What Bitcoin Did Podcast, hosted by Peter McCormack, Jack Mallers, CEO of Strike, made a stunning prediction for the Bitcoin price. Mallers speculated that BTC could reach a valuation between $250,000 to $1 million in the current economic cycle. Mallers grounded his prediction in the broader context of global…
The crypto-rich list has increased over the past year, with 85,000 confirmed Bitcoin millionaires. Binance Founder and MicroStrategy Chairman are on the BTC billionaires list. The 2024 Crypto Wealth report compiled by Henley & Partners shows that 85,000 individuals have become millionaires by investing in Bitcoin. This indicates an increasing value in Bitcoin and its…
Russia is considering granting elite investors legal access to trade cryptocurrencies. A new investor class for crypto trading is under discussion as Russia’s regulations evolve. Cryptocurrency trading and stablecoins are central to Russia’s updated financial strategy. The Bank of Russia is considering a strategic move to allow a select group of elite investors to trade…
Fractal Bitcoin’s mainnet is launching on September 9, enhancing scalability. 80% of Fractal tokens will go to the community, focusing on decentralization. Fractal Bitcoin, a scaling solution, is gearing up for the official launch of its mainnet on September 9. This development marks a significant milestone for the project as it seeks to enhance Bitcoin’s…
A study finds that the number of crypto millionaires and centi-millionaires surged significantly compared to 2023. To date, 325 holders have crypto holdings worth $100 Million. The launch of ETFs and other products significantly boosts the surge in millionaires. The growing popularity of cryptocurrencies has attracted traditional financial giants like BlackRock and individual investors, who…
SEAL surpasses 900 investigations, enhancing crypto defenses amid rising hacks. Battle.net at Devcon will test protocols live, boosting resilience against attacks. Whitehat Safe Harbor Agreement shields ethical hackers, ensuring legal protection. In response to the escalating threat of cryptocurrency hacks, the white hat hacking initiative, SEAL (Security Alliance), has achieved a significant milestone, surpassing 900…
Analyst Benjamin Cowen recently discussed the Ethereum (ETH) to Bitcoin (BTC) valuation, explaining its importance as a measure of the altcoin market’s health, especially as we approach 2025. He believes that Bitcoin dominance will decline by 2025, making it a good time to focus on ETH. The analyst has been tracking the ETH/BTC valuation for…
Bitcoin has broken one of the most important resistance zones, which raised the possibility of going higher, close to $70,000. Unfortunately, the price faced rejection from the supply zone, raising the possibility of more drops in the coming days. However, from a larger perspective, the BTC price appears to have been stuck within a demand…
Litecoin’s market value has fallen 36% since April, indicating significant bearish pressure. Liquidation of 45,200 small LTC wallets could signal a potential market reversal. LTC’s 1-week RSI nearing oversold territory suggests a possible price turnaround. Litecoin has recently experienced a significant downturn, with its market value plummeting by 36% since peaking on April 1st, as…
Semler Scientific, a firm listed on the Nasdaq stock exchange, has augmented its Bitcoin reserves by acquiring an extra 83 BTC, with a market worth of $5 million. The acquisition has increased the company’s Bitcoin reserves to a total of 1,012 BTC, which were purchased at a cost of $68 million. This decision exemplifies an…
Over the past 24 hours, Bitcoin’s price fell nearly 2% to around $62,758, despite a significant inflow of $202.5 million into Bitcoin ETFs by August 26. But what’s really capturing the attention of the crypto community is a unique pattern on Bitcoin’s monthly chart, pointed out by crypto analyst HODL15Capital. Let’s dive into what this…
With its stocks traded on the Nasdaq, medical technology company Semler Scientific announced that it has purchased $5m worth of Bitcoin. This has increased its exposure to cryptocurrency compared to an initial $10,000 investment. This latest acquisition shows that the company holds more than 1,000 bitcoins, making it one of the world’s largest corporate holders…
After the arrest of Telegram CEO Pavel Durov, many French government websites were hacked. The sites went offline in a cyber attack believed to be linked to a Russian hacker group. French President Emmanuel Macron claimed that the arrest of Pavel was not political. Following the arrest of Telegram CEO Pavel Durov in France on…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
August 27, 2024 at 11:19 AM GST 2 mins read News Rhodium Enterprises filed for Chapter 11 bankruptcy, citing liabilities between $50M-$100M. The firm defaulted on a $54M loan repayment in July. Bitcoin miner profits dropped sharply post-April halving event. Rhodium Enterprises has filed for Chapter 11 bankruptcy in the Southern District of Texas. The…
XRP holds support at $0.565 with resistance at $0.650 as traders watch for a breakout. XRP trades between $0.565 and $0.650, with a potential breakout eyed by market participants. XRP remains stable within a defined range as traders monitor key levels for movement. XRP has seen its price decrease following the broader downturn in the…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
Story Highlights The live price of the Bitcoin token is $62,835.9906 If Bitcoin successfully retests its ATH, then its price is expected to reach $120k BTC price is expected to make a meteoric recovery to reach $347,782 by 2030 The crypto market has recorded a strong bullish recovery, which has led to Bitcoin pushing…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase trust in cryptocurrency and boost adoption in the country. Latam…
August 27, 2024 at 10:50 AM GST 2 mins read News Bitcoin is nearing a Macro Bull Flag breakout at $63,074. Historical post-halving trends suggest a significant price surge is possible. Analysts expect a potential new bullish phase for Bitcoin. Bitcoin (BTC) is approaching a pivotal moment and many analysts are keeping a close eye…
Bitcoin’s open interest drops 7.5% in 24 hours as traders shift focus to altcoins. Ethereum and Solana see minimal open interest drops, indicating a potential capital rotation. Bitcoin faces pressure as traders reduce risk; altcoins like ETH and SOL gain traction. Bitcoin’s open interest has seen a significant drop following a mild price retrace. According…