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Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
5.7.2024
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
5.7.2024
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
5.7.2024
BTC slides to lowest since late February, breaching key price support
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
5.7.2024
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed....
Bitcoin falls to $55K as crypto liquidations breach $580M
5.7.2024
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
5.7.2024
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative...
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
German MP urges government to stop ‘hasty’ Bitcoin sell-off
5.7.2024
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation
Mt. Gox moves $2.7B in Bitcoin to new wallet address
5.7.2024
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors
Crypto Owners More Likely to Have ‘Dark’ Traits, Study Shows
5.7.2024
A recent study has found that cryptocurrency ownership is associated with belief in conspiracy theories and “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism (collectively known as the “Dark Tetrad”). The research highlights the diverse...
German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows
5.7.2024
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s...
Bitcoin traders express optimism even as BTC price targets shift lower
5.7.2024
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower
Phoenix BCH Miner Elevates Hashrate to New Highs, Raising Concerns Within the Community
5.7.2024
The rise in hashrate allocated by unknown miner Phoenix to the BCH network has raised questions about the true motives of this action. Phoenix took BCH’s hashrate to over 10 EH/s, processing a relevant part of all the blocks and receiving the correspondent subsidy during the last days,...
Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest
4.7.2024
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic
Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s
4.7.2024
The new tokenized assets offer the stability of the Bitcoin network with admirable yield
RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 Solutions
4.7.2024
Hamilton has announced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, stating that it marks a significant advancement in bridging traditional finance with Bitcoin’s decentralized finance (defi) sector. The move aims to enhance financial accessibility...
Opentensor Foundation Addresses Bittensor Security Breach
4.7.2024
The Opentensor Foundation, the development team behind the Bittensor chain, has tackled a recent security breach affecting the network, impacting several community members. The foundation insisted that prompt actions were implemented to mitigate the attack and prevent future incidents. Malicious...
Meta Launches Awards to Drive AI Innovation in Developing Regions
4.7.2024
Meta launched the Meta Llama Impact Innovation Awards to support organizations in developing regions that use Meta’s advanced AI models, Llama 2 and 3, to solve local problems in education, environment, and other areas. The AI models are recognized for their enhanced reasoning capabilities...
Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates
4.7.2024
According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At...
Unveiling the Future: Mr. Black’s Cryptic Art and Censorship Concerns
4.7.2024
PRESS RELEASE. The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might...