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Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil

6.8.2024
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics....

Donald Trump Warns Against US Selling Its Crypto Assets

6.8.2024
The former President of the United States of America, Donald Trump, has strongly disagreed with the recent policies…

Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements

6.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage...

Understanding Recent Drops in Global Stocks & Crypto Markets

5.8.2024
The financial landscape has been turbulent recently, with significant selloffs in both the U.S. stock market and the…

Fidelity and Vanguard Face Outages Amid Crypto Black Monday Chaos

5.8.2024
Monetary markets have seen one of the most volatile sessions on Monday and service disruptions at some of…

Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show

5.8.2024
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it...

Biden Adviser Sperling Moves to Kamala Harris Campaign Amid Crypto Focus

5.8.2024
President Joe Biden’s economic advisor, Gene Sperling, will leave the White House today. This change occurs at a time when…

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

5.8.2024
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services...

‘Yen Carry Trade’ Blamed for Global Market Rout, Jump Crypto’s ETH Sale Worsens Ether Plunge

5.8.2024
The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling...

Binance CEO Richard Teng Urges Crypto Fans to Build Despite Market Decline

5.8.2024
Binance CEO Richard Teng remains hopeful that the cryptocurrency market will turn around following the recent crash. Teng…

Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy

5.8.2024
Galaxy’s head of research expects the funds to see inflows as investors buy the dip

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

5.8.2024
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens...

Australia Flags Over 2,000 Compromised Crypto Wallets

5.8.2024
More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified in “Operation Spincaster” and gathering...

Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery

5.8.2024
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching...

Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK

5.8.2024
Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts

Over $1B wiped out in crypto liquidations as global markets suffer

5.8.2024
Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations

Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist

5.8.2024
Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq...