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Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday
26.7.2023
Solana ended a two-day losing streak on Wednesday, as the token surged by as much as 7% in today’s session. The move came following a two-week low on Tuesday, as markets slipped after recent highs. XRP also edged higher, and currently hovers near a key price floor. Solana (SOL) Solana (SOL)...
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
26.7.2023
In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a...
Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday
25.7.2023
Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was another notable gainer today, rebounding from recent...
Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis
24.7.2023
In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to...
Blackrock’s Bitcoin ETF Application Update, Warnings of Possible Reversal in XRP Ruling, and More — Week in Review
23.7.2023
Financial megalith Blackrock’s bitcoin exchange-traded fund (ETF) application has now been accepted by the U.S. Securities and Exchange Commission, and added to the regulator’s docket. In related news, a former official from the SEC has said the recent ruling on XRP from the SEC...
Openai Announces Chatgpt App for Android Devices
23.7.2023
Artificial intelligence (AI) research lab Openai announced it’s launching an Android version of its Chatgpt chatbot. The application, which will be available for download next week, comes after recent updates of Google’s Bard and a report revealing that Apple is working on its own chatbot service....
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Volatile Week of Trading
22.7.2023
Bitcoin consolidated around the $30,000 level to start the weekend, as traders attempted to find a firm price floor on Saturday. The market has been volatile during the past week, as recent winners took profits, following the XRP-related bull run. Ethereum remained below $1,900 on Saturday. Bitcoin...
Ripple CLO Stuart Alderoty States SEC Chair Gary Gensler ‘Misstates the Law’ on Tokens
22.7.2023
Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the stance taken by Gensler, stating that...
NY Couple to Forfeit Billions in Crypto and Cash in Plea Deal Over Bitfinex Hack Laundering Case
21.7.2023
Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair is scheduled to appear before U.S. judge Colleen...
Bitcoin Bounces at $29,500 Support, But Still Stuck Within Recent Ranges – Will the Upcoming Fed Meeting Break BTC’s Slumber?
21.7.2023
Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has once again bounced at support in the $29,500 area and was last changing hands just above $30,000.
BTC has tested key short-term support in the mid-$29,000s on multiple occasions so far this week, with...
Biggest Movers: DOGE Races to Highest Point Since May, Following Elon Musk Tweet
21.7.2023
Dogecoin was one of the standout gainers during a quiet session, as the meme coin raced to a multi-month high. Prices rose as traders continued to react to a recent tweet from Elon Musk. Another notable gainer was polkadot, which rose nearly 7% higher. Dogecoin (DOGE) Dogecoin (DOGE) was a notable...
Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says
21.7.2023
The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages...
Bitcoin, Ethereum Technical Analysis: ETH Moves Past $1,900 as Traders End Losing Streak
20.7.2023
After six consecutive days trading in the red, ethereum bounced back on Thursday, once again climbing above the $1,900 mark. The move came as bitcoin also edged higher, after falling to a four-week low during Tuesday’s session. Bitcoin Bitcoin (BTC) was marginally higher on Thursdays, as...
Biggest Movers: SOL Snaps Losing Streak as XRP Climbs 5% Higher
19.7.2023
Solana ended a three-day losing streak on Wednesday, as the token moved back above the $26.00 mark. The decline came following Friday’s move above $32.00, which took the price to an eight-month high. XRP has also rebounded today, and looks to be heading for its recent high over $0.9400....
Bitcoin miners hedging with recent sell-offs - Bitfinex report
19.7.2023
All-time high hashrates and mining difficulty indicates that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions
Ripple Expects Business to Pick Up in the US After Landmark Ruling
19.7.2023
Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes...
Bitcoin and crypto brace for further upside as equities look to extend their recent gains
17.7.2023
A variety of macro factors propelled the recent rally across several asset classes, but analysts are at odds regarding the sustainability of the current bullish trend
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate, Following Recent Gains
17.7.2023
Bitcoin started the week trading around the $30,000 mark, as the cryptocurrency market continued to consolidate following last week’s gains. The global market was down 1.19% at the time of writing, as sentiment remains uncertain following a weekend of profit taking. Ethereum was also down...
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...
JPMorgan CEO Jamie Dimon Calls 2023’s Banking Fiasco a ‘Mini Crisis’, Foresees Consumer Savings Depleted by Year’s End
15.7.2023
Four days ago, JPMorgan Chase CEO Jamie Dimon was interviewed by The Economist and he discussed the recent U.S. banking disaster that occurred last March. At that time, the public witnessed the second, third, and fourth largest bank failures in U.S. history. Dimon asserted that “for the most part,”...