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Daily Crypto Update: Bitcoin, Ethereum, and top assets fall significantly
5.8.2024
The crypto market has entered a correction phase, with the leading cryptos experiencing a loss of over 10%…
Crypto hackers buy Ethereum dip using stolen funds
5.8.2024
Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount
Bitcoin dips below $50K: Crypto market crashes 17%
5.8.2024
BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion
Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Records Biggest Fall Since 2021
5.8.2024
A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom
Australian federal police to probe 2,000 exploited crypto wallets
5.8.2024
Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams
Bitcoin dominance hits 58% amid altcoin, stock market bloodbath
5.8.2024
Bitcoin dominance has notched a new yearly high amid a brutal Ethereum-led sell-off
Bill proposes to give Secret Service more power to pursue crypto crime
5.8.2024
Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
5.8.2024
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects...
Pro-crypto RFK Jr. once dumped a dead bear in New York’s Central Park
5.8.2024
Robert F. Kennedy Jr. left the dead bear with an old bicycle, at a time when there was a rise of cyclist-related accidents across New York
Jump Crypto unstakes $315M of ETH, now headed to exchanges
5.8.2024
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows
Bitcoin crashes below $53K wiping out $600M in leveraged longs
5.8.2024
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply
South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise
5.8.2024
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated...
$300B plunge: Largest 3-day wipeout for crypto in a year
5.8.2024
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market
Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’
5.8.2024
Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He believes that bitcoin has been in a major bear...
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
4.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and...
Market Mayhem: Bitcoin Crashes Below $59K, $223M in Liquidations as South Korea’s Premium Spikes
4.8.2024
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin Slides Below $59K At 1:24 p.m. EDT on Sunday, bitcoin...
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
4.8.2024
U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden administration’s tough stance on crypto...
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
4.8.2024
Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
4.8.2024
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month...