As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying…
With the rapid evolution of blockchain technology, there has been a spike in the number of cryptocurrency projects in the market. Among all listed digital assets, Bitcoin is one of the market’s most legitimate, valuable crypto assets of the market. BTC has marked several milestones in the past few, raising questions among enthusiasts about whether…
As per a piece of information, the Upbit crypto exchange employees enjoyed a massive wage surge in Q1, 2024. Blockchain Developer is the highest-paid job profile in the cryptocurrency market. The average salary of a Blockchain Engineer in the United States is $116,000 to $205,000 annually. The expansion of blockchain technology has created thousands of…
Bitcoin faced another minor pull which caused the price to drop below $58,000 for a while but the bulls continue to remain vigilant Besides, the token displays the possibility of initiating a huge upswing which may trigger the bull run in the coming days The Bitcoin price remained more or less still during the weekend…
The post Are Governments Secretly Stocking Up Bitcoins? Know Here appeared first on Coinpedia Fintech News According to the latest video from Altcoin Daily, there is a great financial digital asset war going on right now between nation-states. They are all trying to accumulate as many digital assets and digital infrastructure as they can. The…
Something unusual is definitely on the cards for the Bitcoin (BTC). Experts from a leading crypto analysis agency have discovered that around 75% of Bitcoin has stagnated for the last six months. Glassnode’s Hodl Wave chart has given some severe revelations about Bitcoin hoarding. The findings have disclosed macro view data of the Bitcoins that…
Bitcoin (BTC) is undoubtedly the king of the cryptocurrency world. The price upticks noted in BTC can usher in life-changing transformations for other altcoins, which set their tone and pace in sync with Bitcoin’s price movements for bullish outcomes. However, Bitcoin’s success story is not for the faint-hearted. In its earlier stages of trading, the…
Venezuela restricts Binance activities in the region following growing post-presidential election results. Nicolás Maduro reclaimed the victory in Venezuela with a vote share of 51%. The Maduro government detained 2,200 protesters, including four journalists. Venezuela has encountered an unbearable financial crisis over the past few years, and its traditional currency has fallen prey to extreme…
Celsius Network court filing notes that Tether, the issuer of stablecoin USDT, has improperly liquidated 57,428 Bitcoins. Following the lawsuit, Tether wrote on X that it is ready to defend itself from “Shake Down.” FTX’s sudden downfall is also one of the reasons for the collapse of the Celsius Network, as per claims. In the…
When will Bitcoin go up? When will the market start moving instead of just chopping around? Analyst Crypto Banter decided to put an end to these questions and revealed five market catalysts that could send Bitcoin back into a major bull run. Catalyst One: The first catalyst is the upcoming election. While elections often bring…
Crypto startups secured $2.7 billion in venture capital funding in Q2 2024, as per the recent data from Pitchbook. The report notes Babylon, a Bitcoin staking platform, raised $70 million in an early-stage round. The global crypto market capitalization is $2.10 trillion, resulting in a mild decline of 0.71%. Over the past few years, the…
Bitcoin’s (BTC) price closed last week in an indecisive spinning top candlestick after being rejected several times for around $60k. However, the flagship coin has continued to defend the support level around $58k, which could be a basis for the long-term bullish sentiment. Furthermore, since early March this year, Bitcoin’s price has formed a potential…
As per a Canadian media outlet, David Smillie and his company ezBtc defrauded investors, using their funds for personal use. According to the court filing, the company and its founder looted over 2,300 BTCs and over 600 ETH from the investors. Canada is one of the early adopters of cryptocurrencies, installing the first Bitcoin ATM…
As per recent filings, Metaplant has bought 57.103 BTC for an average price of 8,756,107 Japanese yen per Bitcoin. Metaplant total BTC holding grew to 303.095 BTC, making it one of Asia’s most significant Bitcoin holders. Metaplant’s CEO, Simon Gerovich, notes in his X post that the company aims to become one of the leading…
A Singaporean bank recently announced its strategic partnership with Ant International. The partnership will help Ant International to actively manage its intragroup liquidity in real-time, 24/7 actively, as per the documents. Earlier this week, TON Network and IntoTheBlock partnered to enhance market data for TON users. The popularity of cryptocurrencies and the advancement of the…
Since August 02, 2024, till writing, Bitcoin price seems tumbling between $58,000 and $60,500. Recent fluctuations have also made it difficult for experts to analyze the peak points of the crypto assets. A crypto analyst has however, posted an analysis on X claiming a massive BTC price hike in the coming months. This analysis is shedding…
Banking giant Goldman Sachs was “not believer” into crypto until their recent SEC filing. In a 13F filing at the U.S SEC (Securities and Exchange Commission), the banking firm disclosed owning Bitcoin ETFs (Exchange Traded Funds) investments. The humongous crypto investment holdings of Goldman Sachs present a contrasting image of the organization’s previous beliefs. The…
Iran announced a reward of $20 to one who tips the authorities of an illegal crypto mining operation. Power grids in Iran are failing to fulfill the skyrocketing demand for electricity, as per a national media outlet. According to a power grid official, the nation’s power consumption reached 80,000 MW by August 2024. Several nations…
Market News The wider community also looks to Powell’s statement for hints about the future policy. The Jackson Hole retreat will be graced by the presence of Jerome Powell on Friday. This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by…
Market News Schiff stated that there is a policy gap between the acceleration of prices and new money production. Musk blamed government spending—which he believes is financed by money creation. Bitcoin naysayer Peter Schiff recently voiced his disapproval of the US’s present high inflation rates. Saying that policies put in place before Biden was president…
Donald Trump made some stunning revelations about his financial holdings on Thursday. The Republican Presidential candidate and former US President has declared about owning over $1 Million in crypto. Out of this amount, he is said to have earned $300,000 by selling branded Bibles. “The Greenwood Bible” is the branded Bible sold under Trump’s business…
Germany’s Federal Office for Information Security (BSI) advised crypto users to secure their digital assets with hardware wallets. In the LinkedIn post, the authorities declared hardware wallets the most secure method for storing digital assets, explaining that these devices can help to keep a user’s private cryptographic keys in offline or “cold” storage. This offline…
The Dubai Court ruled favoring the payment of salaries in cryptocurrencies. Salary payments in crypto are valid under employment contracts, per the court’s ruling. (VARA) is leading the way in crypto regulation, providing a clear framework for businesses to operate. The United Arab Emirates (UAE) actively explores digital assets and blockchain technology possibilities. The region…
The recent “Exposure Draft” of the Bank of Ghana aims to regulate digital assets in the region. Market watchers claim that the draft came following the growing popularity of Bitcoin and USDT in Ghana. As per the Bank’s findings, Digital assets can improve financial inclusion and promote economic development in Ghana. In the August 2024…
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After Difficulty Decline…
Bitcoin price is struggling at $60K resistance, up by 1.42% in the last 24 hours. BTC has recorded a 24-hour liquidation of $27.97 million. Despite recent recovery efforts, the largest cryptocurrency, Bitcoin (BTC), seemingly extends losses in the market. Over the past 24 hours, the asset has struggled to clear the $60K level, and a…
As of August 16, 2024, Grayscale Ethereum Trust (ETHE) suffered a negative inflow of $27.7 Million, as per SoSoValue. The Ether spot ETF by BlackRock recorded the highest intraday inflow of $10.33 Million. The total net assets of the US Bitcoin spot ETFs is $54.35 Billion, roughly 4.56% of BTC’s market capitalization. Ethereum displayed sharp…
Historical net outflows from GBTC amount to $19.6 billion, as per the statistics. With a current total net asset value of $54.35 billion, spot Bitcoin ETFs have been on a positive note. Despite withdrawals in early August, demand in spot Bitcoin exchange-traded funds (ETFs) based in the US has persisted. Despite outflows in prior weeks,…
US regulatory bodies, known as watchdogs, have expressed opposition to the proposed draft bill by the US House Financial Services Committee concerning the structure of the crypto market. US Watchdogs Oppose Proposed Crypto Market Structure Bill A coalition of US-based industry watchdogs has united in opposition to the proposed draft bill by the US House…
Gemini Files Lawsuit Against Digital Currency Group (DCG), Regulatory Landscape Remains a Concern, BlackRock Renews Bitcoin ETF Application Gemini’s Lawsuit Against DCG: Ultimatum and Fraud Allegations Gemini, the cryptocurrency exchange, took a decisive stance this week in the ongoing dispute with Digital Currency Group (DCG). Co-founder Cameron Winklevoss issued an ultimatum, demanding a forbearance payment…
With an eventful week drawing to a close, all attention is focused on Bitcoin (BTC), the leading cryptocurrency. As the US CPI data looms on 12 July, investors eagerly anticipate its impact on BTC—will it drive the price higher or trigger a significant drop below $30K? CPI Data and Bitcoin: Inflation’s Impact on BTC Price…
Bipa intends to grow its user community and provide easy access to Bitcoin for people in Brazil. Bipa, a Brazilian startup focused on streamlining financial transactions using Bitcoin, has recently concluded its seed investment round, securing R$8 million (around $1.4 million). The funding will support Bipa’s mission of simplifying financial processes. Prominent investors in this…
Bitcoin (BTC), a relatively new and groundbreaking financial asset, has experienced remarkable and unparalleled growth throughout its existence. Introduction: Since it was created in 2009, Bitcoin has fascinated investors, technologists, and enthusiasts by offering a decentralized digital currency that has transformed the financial landscape and questioned traditional ideas about money. Bitcoin is ranked as the…
Bloomberg Intelligence Senior Macro Strategist, Mike McGlone, recently shared his perspective on Bitcoin’s future. In a recent interview, Mike McGlone, Bloomberg Intelligence Senior Macro Strategist, provided evaluations on the outlook of Bitcoin. Bitcoin’s price recently experienced a spike following BlackRock’s application for the Bitcoin Spot ETF, causing it to hover around $30,000. However, Mike McGlone…