Crypto lending platform Ledn said it secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss global crypto banking group, according to an Aug. 20 statement shared with CryptoSlate. This industry-first loan will enhance Ledn’s retail lending operations, providing clients with flexible access to capital. The Bitcoin assets will serve as secure collateral, ensuring…
August 20, 2024 at 06:41 PM GST 2 mins read News Ethereum mega-whale addresses decline steadily, suggesting large holders are offloading their ETH positions since February 2024. For the first time, Ethereum’s exchange balance drops below 10%, signaling rising self-custody and DeFi participation. Bitcoin exchange balances remain more stable, while Ethereum sees sharper declines, highlighting…
Bitcoin surged past $61K, recovering by +19% since the August 5 crash, driving renewed optimism in the crypto market. Ethereum followed Bitcoin’s recovery, showing a positive shift in sentiment as the market rebounds. Cardano holds the highest positive sentiment of 2024 despite a steep decline over the past five months. A recent observation by Santiment…
Donald Trump, who previously expressed strong opposition to crypto, has recently allocated a substantial investment of $1 million to $5 million in Ethereum. This represents a noteworthy change in his position towards the crypto sector. Throughout his tenure as president, Trump repeatedly voiced his strong dislike for cryptocurrencies, cautioning that they had the potential to…
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. According to analytical data from SoSoValue, this decreased daily traded volume is the third lowest after the February 5th and 6th records, which were $649.17 million and $692.11 million, respectively. Low Bitcoin ETF Trading Volume Yesterday’s…
The market closed bullish on Monday, with Bitcoin climbing above resistance. Bitcoin shows signs of a potential breakout, testing key resistance levels on the 4-hour chart. Analysts predict a price surge as Bitcoin breaks through a descending trendline, signaling an uptrend. Bitcoin’s price action on the 4-hour chart suggests a potential bullish breakout. The market…
Singapore-based trading and market-making firm QCP Capital estimates risk assets, including bitcoin, could be boosted as sentiment strengthens amid signs of an improving climate for investors. “Risk-on sentiment could extend to crypto and gold, pushing bitcoin higher given the strong demand for topside calls,” QCP Capital analysts said in their latest market update. The strong…
Grayscale Bitcoin spot ETF saw a massive net outflow of $19.65 Billion, as per CoinAnk. “BITB” spot ETF saw an outflow of $25.70 Million, followed by “BITCO” spot ETF $8.80 Million. “IBIT” holds 350.52k Bitcoins, making it the leading holder in the category, followed by Grayscale 229.18k BTC. Since its launch, Bitcoin spot ETF have…
Satoshi Nakamoto, the most enigmatic figure in the crypto industry, remains unknown. He probably holds 1.1 million BTC, which makes him one of the wealthiest Bitcoin whales. Nakamoto mined the first Bitcoin block in January 2009 and published its whitepaper in October 2008. That whitepaper had Nakamoto’s name; thus, he became the creator of the…
Metaplanet’s stock surged 13% after acquiring 57.273 BTC for ¥500M, showcasing its aggressive investment strategy. CEO Simon Gerovich revealed Metaplanet now holds 360.368 BTC, reflecting their substantial digital asset growth. The company’s shares have soared 645% YTD due to strategic BTC purchases and leveraging low-interest Japanese loans. Metaplanet Inc., often referred to as “Japan’s MicroStrategy,”…
Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million in outflows. The token continued its sideways trajectory despite the negative net flows and memecoin’s trading activity decline…
Matthew Sigel, VanEck’s head of digital assets research, said the firm’s Solana spot exchange-traded fund (ETF) application is still active despite the removal of the 19b-4 form from the Chicago Board Options Exchange (Cboe) website. Over the weekend, the crypto community noticed that the 19b-4 filings for VanEck and 21Shares—documents filed by exchanges on behalf…
Crypto Live News Author: Nidhi Kolhapur Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 20, 2024 18:27 A Prominent Israeli historian, philosopher, and author, Yuval Noah Harari, has shared his take on AI, Bitcoin,…
China’s AML laws now include virtual assets as recognized money laundering methods. Offenders face fines up to $28,000 and jail terms of 5-10 years for severe cases. Penalties increase for laundering over $700,000 and non-cooperation with authorities. The Supreme Court of China and public prosecutors have made a pivotal update to the country’s Anti-Money Laundering…
Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. According to CoinGecko, the token is up 14% since last week. This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull altcoins upward as well. Related Reading With favorable market conditions, TRX has a chance to…
August 20, 2024 at 03:40 PM GST updated: August 20, 2024 at 03:14 PM 2 mins read News Block trading activity surpassed $500 million today, indicating renewed institutional interest. Bitcoin options volume included 3,643 BTC in calls and 2,084 BTC in puts. Ethereum options saw 31,430 ETH in calls and 28,488 ETH in puts, showing…
Ethereum shows strong momentum, potentially hitting $2,950-$3,000 before major corrections. Current support at $2,679.1 boosts Ethereum’s path toward testing $2,976.7 resistance. The long-term bullish target for Ethereum is $3,351, dependent on the market and sentiment. Ethereum price has seen a notable rebound following the overall crypto market recovery. Crypto analyst Vella has recently shared insights…
An anonymous whale has been acquiring Wrapped Bitcoin (WBTC), collecting more than $118 million worth of WBTC within a brief period. The whale has accumulated a total of 1,953 WBTC, acquired at an average cost of $58,853 per coin. The last transaction involved the purchasing of 347 WBTC, which was valued at almost $16 million….
Bitcoin has been the leading cryptocurrency for quite some time. Now, it is making significant strides in the financial world alongside the Euro (EUR). This change could challenge the US Dollar’s dominance. As market dynamics shift, these currencies’ performances and their dance with the greenback are interesting. Let’s explore this further. Also Read: Tron Surges…
In an unprecedented finding by a crypto research agency, an unknown crypto wallet holder continues to buy wrapped bitcoin, WBTC. As per Lookonchain, the whale has acquired WBTCs for the last few weeks and has deposited more than $118 million. The proposal by BitGo to transfer WBTC management to BiT Global and Tron is the…
XRP’s inverse head & shoulders pattern hints at a possible rally, targeting $0.92 with strong momentum. On-chain data shows increasing whale activity and transaction volumes, boosting XRP’s bullish outlook. XRP’s improving market sentiment, driven by legal progress, supports a potential breakout to $0.92. XRP, one of the leading cryptocurrencies, is showing signs of a potential…
Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. Related Reading According to Pandl, the fact that…
Coinbase believes young crypto voters will be a deciding factor in the US elections Election 2024 12 hours ago Young Americans between the age of 18 and 40 are increasingly turning to crypto amid deep dissatisfaction with the current financial system. Source link
Justin Sun moved 2,590 Bitcoin ($156 million) after BitGo changed its WBTC custody arrangements. BitGo is shifting WBTC custody to a new joint venture with BiT Global, linked to Justin Sun. Recent significant Bitcoin (BTC) and Wrapped Bitcoin (WBTC) transactions have drawn attention to an address suspected to be connected to Justin Sun’s team. The…
Bitcoin price surpassed the $60K level yet again in the last 24 hours. The cryptocurrency’s daily trading volume surged 48.31% according to CMC data. The cryptocurrency sector has fallen short of analysts’ predictions since July. Market analysts expected the H1 bullish momentum to sustain in the second half and propel prices further. However, the crypto…
The Bitcoin price is again attempting to regain certain levels, which is expected to revive a strong ascending trend. In the short term, strong bullish action occurred in the early trading hours, which pushed the levels close to $61,000. In the event of a bullish breakout beyond the upper resistance, the probability of a pullback…
Recovering from a minor slump below the $60,000 critical mark, Bitcoin is back with the hype of rate cuts resurfacing. Concluding the bearish sprint and extending the prevailing uptrend, the BTC price exceeds the $61,000 level as the bullish engines heat up. So, are you considering buying Bitcoin as the bulls resurface? More importantly, will…
Wendy O, a YouTuber, and a crypto expert issued a critical warning for Bitcoin investors: the Japanese Yen’s recent strengthening could destabilize crypto markets again. This follows a similar impact earlier when Japan’s interest rate changes led to significant market volatility. WendyO delves into how the Yen’s performance, having recently strengthened by 2.4% against the…
Popular analyst and Founder of Into The Cryptoverse, Benjamin Cowen, joined David Lin for a discussion about Bitcoin and it’s currency cycle. Cowen believes Bitcoin dominance might peak when the Fed cuts rates and shifts from quantitative tightening to easing. Historically, Bitcoin’s current behavior mirrors what happened in 2019, where it diverged from the NASDAQ…
Crypto markets are trying to overcome the recent losses that occurred during the past week, which compelled the tokens to remain consolidated. Meanwhile, the bulls seem to have gained back their strength, due to which the Bitcoin price has reclaimed $60,000 with enough buying pressure. Every bullish move has attracted bearish activity, while the absence…
Bitcoin (BTC) price closely followed Asia’s Nikkei 225 in a bullish recovery on Tuesday. The flagship coin pumped over 3 percent in the past 24 hours to trade about $60.5k on Tuesday during the early Asian session. As a result, almost the entire crypto industry followed the same path, led by Binance Coin (BNB), Ripple-backed…
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest…
The primary goal of the new regulations is to prevent the laundering of illicit funds. This highlights China’s increasing endeavors to tackle the proliferation of the virtual asset market. New steps to address anti-money laundering regulations have been announced by China’s Supreme People’s Court and Supreme People’s Procuratorate. The legal interpretation sets very stringent standards…
The Democratic National Committee published its 2024 Party Platform on Sunday – a document detailing the Democrats’ future political priorities heading into the next election. Unlike their Republican counterparts, the Democrats’ platform made no mention of the words Bitcoin, crypto, or blockchain. Democrats Still Quiet On Crypto The ninety-two-page document touched on popular issues among…
Customers may now trade Bitcoin using Hype, the bank’s mobile banking application. The service won’t need any third-party exchange to process the transactions. Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action…
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto…
Neel Kashkari has confirmed that September is a suitable time to discuss potential rate decreases. The CME FedWatch tool predicts a 25 bps decrease in September with a 75.5% chance. After a long period, US Federal Reserve (Fed) policymakers are considering a rate decrease in September, shifting gears from maintaining rates constant to cutting rates….
Bitcoin miner Greenidge Generation has filed a lawsuit against the New York Department of Environmental Conservation (DEC) over licensing issues. According to an Aug. 15 court filing, the company seeks an injunction after the DEC denied its Title V air permit application for its Dresden power generation and mining facility. The lawsuit The DEC had…
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in…
Ethereum (ETH) investment products had $4.2 million in inflows. Last week, the outflow of Solana (SOL) investment products reached a record high of $39M. A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the…
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report…
Bitcoin 24-hour short volumes surged 118% to over $18.30 billion. Of all the liquidations, Ethereum’s $19.5 million is the largest. The rapid increase in Bitcoin short positions met with a resounding rejection of Sunday’s effort by the price of Bitcoin to break out over $60,000 levels. Bitcoin shorts were active across many exchanges as soon…
Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal…
After months of consolidation, Bitcoin’s price has lost key support levels that could signal the start of a new bear market. While on-chain analysts are sounding the alarm regarding the high-cost basis of new Bitcoin holders, technical analysts note Bitcoin’s low price next to its 200-day SMA. Is The Bull Market Over? The 200-day SMA,…
Bitcoin and its believers are staying strong no matter what market conditions they have to face. Data shows that 75% of Bitcoin’s circulating supply has not been moved in the last 6 months. This clearly represents that despite the bearish pressure on the market, bitcoin HODLERS are not afraid. So, what this means for the…
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare…
Market News Goldman Sachs lowered the U.S. recession odds to 20%. The investment giant predicts a 25-basis-point rate cut from the U.S. Federal Reserve. Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%. The firm has expressed…
The cryptocurrency world, including Bitcoin, is known for its dynamic nature. It rarely waits for anyone and constantly distributes returns to those aware of its intricate work mechanisms. To ace the cryptocurrency world, an investor must possess keen knowledge and ideas about certain trending coins that may note a stellar price hike soon. Here are…
The company’s quarterly revenue came in at $35.6M, just shy of the predicted $35.4M. TeraWulf’s $0.03 per share loss was worse than the $0.02 per share loss estimation. The results of TeraWulf’s second quarter, which were announced in August, were not entirely satisfactory. Revenue was up somewhat from the projected statistics. Even though the company’s…
Revenue increased for the Bitcoin miner by 72% year-over-year to $35.2 million. Hut 8’s adjusted EBITDA for the quarter came to a negative $57.5 million. Prominent Bitcoin miner in North America, Hut 8 Corp. (HUT), released its Q2 financial results for the period ending June 30, 2024. A net loss of $71.9 million was recorded…