In the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman, the director of public policy at Riot Platforms, one of the largest Bitcoin mining companies. America’s Key To Economic Supremacy? Writing for Forbes, Lyman drew parallels between […]
Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.
The number of startups using the Web3 platform has already increased by some 50%, according to Fireblocks.
Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.
The $4.5 million fine could signal the start of more scrutiny for crypto exchanges in the region.
The anticipated 2024 November elections in the US have stirred discussions within the crypto community regarding the potential stance of Vice President Kamala Harris towards the industry, should she become the Democratic Party’s nominee. With uncertainty shrouding her position, voices from the crypto space have raised concerns about her willingness to support the crypto sector […]
Contrary to earlier speculation, Vice President Kamala Harris has declined to attend the much-anticipated Bitcoin 2024 conference in Nashville, shifting the spotlight to former President Donald Trump, whose highly anticipated speech could have a major impact on Bitcoin and the entire nascent industry. Kamala Harris Opts Out Of Bitcoin Conference Initially, discussions were indicating Harris’s […]
Analysts worry ETH will prove a harder sell than BTC to traditional investors.
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District.
Despite endorsements from major party leaders, the top and bottom of the Democratic presidential ticket have yet to be fixed.
Bitcoin whales have been consistently accumulating BTC since the beginning of the year amidst a bullish future outlook for the crypto industry. These elevated whale holdings showed investor confidence, which also translated into a bullish rally for Bitcoin over the past six months. Related Reading: Solana Price Could Skyrocket 900% As Analyst Identifies Bullish Chart […]
As Bitcoin mining firms turn toward the expanding field of artificial intelligence (AI), the terrain of data centers is changing underfoot. These companies are now reallocating their large resources to accommodate AI workloads, therefore ushering a new age in data infrastructure, confronted with declining returns and growing operational issues. Related Reading: Crypto Mining In Russia: […]
Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to Ark.
Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to ARK.
Pixelverse airdropped 10% of PIXFI’s total supply to holders of its Rare, Epic, and Legendary non-fungible token (NFT) collections.
Franklin Ethereum ETF (EZET) has emerged as the fee race’s frontrunner.
The issuers must still await final regulatory signoff on S-1 filings before listing the funds.
The exchange-traded product will be available on Sweden’s Spotlight Stock Market.
Numerous Silicon Valley insiders are reportedly donating to the Republican presidential nominee.
The assassination attempt on former President Donald Trump during a rally in Pennsylvania on Saturday has led to a surge in his chances of winning the presidential election, according to crypto prediction market Polymarket. A recent report by Fortune found that while traditional polls may paint a different picture, Polymarket and PredictIt are seeing a […]
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.
This week in crypto, several key developments stand out that could significantly influence the price and adoption of certain altcoins. Here, we explore the top three altcoins to monitor this week: Ethereum, XRP, and Cosmos, each poised at the brink of potentially market-shifting news. #1 Ethereum: Crypto’s Next Spot ETF? The crypto community is still […]
Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.
Confidential computing could be the fourth layer of blockchain technology, which was the missing element for mass institutional adoption.
MakerDAO, the leading DeFi platform, has revealed a significant $1 billion investment in tokenized US Treasury securities in a move that has rocked the crypto industry. This strategic action is likely to change the basic principles of the decentralized finance (DeFi) ecosystem. Related Reading: Coinbase Sounds The Alarm: Crypto Market Rollercoaster To Persist Major Players […]
Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to some whales, as many of them jumped on the price decrease to top up their holdings. Notably, Bitcoin whales added 71,000 BTC to their wallets this week. Bitcoin Whales Acquire 71,000 BTC This Week This week, Bitcoin whales went on an absolute feeding frenzy by accumulating a whopping 71,000 BTC from crypto exchanges. While the German state of Saxony was busy offloading its crypto stash, these big players were more than happy to add to their already massive holdings. This interesting activity from the whales was first noted on social media platform X by IntoTheBlock. A look at the chart below shows that the accumulation was at its peak during Bitcoin’s 15% drop from $63,600 on July 1 to $53,905 on July 5. In addition to the whale accumulation, Spot Bitcoin ETFs witnessed steady inflows during the week despite the decline in the spot price. The funds recorded positive net flows every day during the week, with the largest net flow of $310 million on July 12. Bitcoin Holding Up The German state of Saxony sold over $2 billion worth of Bitcoin last week and flooded the market with many BTC. When this selloff initially started, many traders and market participants were skeptical about whether an already bearish Bitcoin could survive the selling pressure. Many analysts were even anticipating a price decline towards $47,000. On the other hand, other analysts believed that the selloff was exaggerated. Despite this back-and-forth scene, Bitcoin managed to scale through the selloff and absorb the impact of the selloff better than many would expect. This showed that the cryptocurrency has now achieved stability, preventing further price declines. It also highlights the growing maturity of the crypto market, which has been characterized by a high level of volatility over the years. A $2 billion selloff is very small compared to Bitcoin’s market cap of $1.18 trillion. To break it down, that $2 billion represents less than 0.2% of Bitcoin’s total market cap. Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% – Details At the time of writing, Bitcoin is trading at $59,960. The bulls are now setting their eyes on breaking above $60,000 again. Breaking and holding above $60,000 would set the stage for a further price increase in the coming week. Featured image from Getty Images, chart from TradingView
Institutional investors have been buying the dip following Bitcoin’s recent downtrend. This is evident in the increased demand for the Spot Bitcoin ETFs, which recorded their best weekly outing in a long while. Related Reading: Crypto Craze: Republicans See Digital Currency Shaping 2024 Elections — Survey Spot Bitcoin ETFs Record Best Inflows In Over A […]
Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.