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Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million
8.7.2024
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the...
Grayscale’s Ethereum Trust Returns to Discount as Spot Ether ETF Listings Loom
8.7.2024
Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE)...
$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
8.7.2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000...
Bukele Calls for Speculators to Stop Gouging Prices in El Salvador, Issues Ultimatum
8.7.2024
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country...
ETF Expert Anticipates Spot Ethereum ETF Debut Within 2 Weeks
8.7.2024
This week, Nate Geraci, a leading figure in the investment advisory and exchange-traded fund (ETF) industry, expressed his expectation that spot ethereum ETFs will be trading within the next two weeks. Geraci shared with his 44,000 X followers that he anticipates the week of July 15 as the probable...
Hamster Kombat: Viral Telegram Game’s Pre-Market Debut Announced by Bybit
8.7.2024
Dubai-based cryptocurrency exchange Bybit has announced the listing of Hamster Kombat (HMSTR) on its pre-market trading platform. This development marks a major milestone for the viral Telegram-based game. From Telegram Sensation to Crypto Exchange Listing Hamster Kombat is a tap-to-earn game that...
Weekly Crypto Roundup: Beldex Tops Gainers, Celsius Token Sinks 44%
8.7.2024
On Monday, July 8, the global cryptocurrency market capitalization hovered around $2.11 trillion, reflecting a 0.42% increase over the past day. Although there was a modest uptick at the beginning of the week, only a few crypto assets recorded gains during this period. The top performer for...
Ethereum Technical Analysis: ETH Clings to $3,000 Threshold Post-Rebound
8.7.2024
Ethereum (ETH) has experienced notable price movements recently, currently trading at $3,037. The intraday range has fluctuated between $2,803 and $3,096, with a market capitalization standing at $364 billion. Ethereum The 1-hour ETH/USD chart reveals a recent uptrend beginning at $2,803, marked...
Bitcoin Technical Analysis: BTC Prices Rebound Following $53,550 Low
8.7.2024
Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by...
Solana ETF inflows could push Shiba Inu (SHIB) and RCO Finance (RCOF) to 9,472% bull run, report
8.7.2024
News of a potential approval of Solana ETFs has greatly impacted the crypto market. A recent report revealed that if these ETFs succeed, they could witness billions in capital inflows, which could subsequently trigger a staggering 9,472% bull run for Shiba Inu and RCO Finance (RCOF). But why...
German Government Moves 1,205 Bitcoin Amid Price Fluctuations
8.7.2024
According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German...
Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina
8.7.2024
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative...
Solana eyes shine as Bitcoin stumbles around $55k
8.7.2024
According to analysts who are closely monitoring Bitcoin’s price recovery, the primary resistance level is currently between $60,000 and $63,000. Historical trends suggest that BTC will often correct heavily before healthy uptrends continue. The precedents set by these past movements show...
Japanese public firm Metaplanet buys another $2.5M of Bitcoin
8.7.2024
After completing the latest purchase, Metaplanet holds a total of 203,734 BTC bought at the average price of around $62,000 per BTC
Chainlink price analysis: LINK hits $12; time for correction or further growth?
8.7.2024
The market volatility increases as the price of Bitcoin falls. The market is also under pressure as the Mt. Gox repayment plan begins. As the defunct crypto exchange begins to pay its creditors back by releasing a large amount of BTC back into the market, the price of altcoins has also taken...
Weekend Wrap: Germany moves $80M more BTC, Vitalik donates 100 ETH and more
8.7.2024
The German government has moved $80 million worth of BTC to an unknown wallet; Vitalik Buterin donates 100 ETH to make Ethereum “great again,” and more
Global South View: US Politicians Aren’t Saviors of Crypto; Innovation Should Precede Regulation
8.7.2024
Donald Trump and other U.S. politicians’ embrace of crypto has sparked hope and encouraged stakeholders who see lobbying as a way to influence policymakers. However, lingering doubts about the sincerity of politicians should serve as a warning, reminding innovators that they thrive when...
Latam Insights Encore: Paraguay Anti-Bitcoin Mining Stance Is a Net Negative for the Nation’s Development
8.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the possible outcomes of the war that Paraguay is waging on illegal (and now legal) bitcoin mining operators, and how this might make...
Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers
8.7.2024
Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers
Unveiling Moving Averages: Essential Tools for Bitcoin Trading
8.7.2024
Just like oscillators, moving averages (MAs) are indispensable tools in technical analysis, providing traders with insights into price trends and potential market reversals. In this learning and insights article, we’ll delve into the history, types, and application of moving averages...