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Trump token whale sells for $3.7M profit as memecoin starts decline
18.6.2024
The memecoin whale made an over 1,428% return on his initial investment in the Trump token
Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses
17.6.2024
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto...
IMF Data Shows Decline in US Dollar Dominance
16.6.2024
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they...
BlockDAG’s presale soars to $50.2M, outperforming Cardano bullish predictions as Shiba Inu drops with its captivating Keynote 2
14.6.2024
MT: BDAG’s Keynote 2 elevates presale, outshines Cardano speculation as SHIB decliDespite Cardano showing promising bullish trends based on robust RSI and MACD signals, Shiba Inu’s market performance faltered, recording a more than 7% drop in value last week. Meanwhile, the crypto...
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
13.6.2024
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs...
Ghana’s Cedi Hits Record Low Against US Dollar Amid Cocoa Output Decline
12.6.2024
The Ghanaian cedi recently plunged to a record low, trading at GHS 14.9335 against the U.S. dollar, which led to its designation as the fourth-worst-performing currency globally. Additionally, a decline in cocoa production has further complicated matters for the cedi, a currency previously ranked...
Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline
11.6.2024
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions. Bitcoin...
Bitcoin Slips Below $68K as ETFs Bleed $64M, Asian Stocks Decline
11.6.2024
The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday
Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations
8.6.2024
Amid Friday’s downturn, following bitcoin’s decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin. Bitcoin Faces Bearish Sentiment From Hedge Funds...
Bitcoin Dips Below $70K, Reaches $68,450 Low, $86M in BTC Longs Liquidated
7.6.2024
The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy Wipes Out $454M in Longs Bitcoin (BTC) plummeted to...
Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined
31.5.2024
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins
Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown
31.5.2024
Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an unproductive economy will further weaken...
Crypto losses from fraud and hacks declined 12% in May — Immunefi
30.5.2024
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year
Uniswap ready to fight for DeFi against SEC, Bitcoin Runes hype fades: Finance Redefined
24.5.2024
Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions between April 20 and 24; however, by May 2, this figure had dropped to 11.1%
Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years
23.5.2024
The number of United States adults reporting cryptocurrency ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Federal Reserve.
The post Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years appeared first...
Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak
21.5.2024
For the first time since July 2023, the number of active Bitcoin ATMs worldwide has decreased following US ATM shutdowns.
The post Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak appeared first on Cryptonews
US shutdowns lead to global decline in Bitcoin ATMs
21.5.2024
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark
XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs
20.5.2024
The XRP Ledger (XRPL) has experienced an increase in transaction activity, with the number of transactions more than doubling from the fourth quarter of 2023 to the end of the first quarter of 2024.
The post XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs...
Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving
14.5.2024
The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.
The post Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving appeared first on Cryptonews
Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
14.5.2024
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan