After a sharp 10% drop from $65,000 earlier this week, Bitcoin has found solid support around $58,000. As a result, the Bitcoin whales have resurfaced and are actively purchasing Bitcoin as it drops in price. Santiment reports that, with many important crypto events about to take place in September, the
August 31, 2024 2 mins read
After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin
August 30, 2024 2 mins read
There has been a new supply low in the quantity of Bitcoin held on cryptocurrency exchanges. Which may be the impetus Bitcoin needs to reclaim the $60,000 mark. According to an analyst at CryptoQuant, on August 29, Bitcoin reserves on exchanges reached new lows for the year. Which might mean
August 30, 2024 1 min read
Layer 1 blockchain Kaia has announced the official launch of its mainnet, as well as the Kaia Wave builder support program developed by Kaia and LINE NEXT to promote consumer adoption of web3 services. With more than 400 partners on board, Kaia, which was formed via the merging of the L1
August 29, 2024 3 mins read
The foundational L1 blockchain, Creditcoin, has announced the launch of its EVM-compatible mainnet, a significant advancement in the use of blockchain technology to achieve global financial inclusion. Together with introducing CreditWallet, a brand-new mobile wallet app designed to maximize user interaction with the Creditcoin ecosystem, this launch furthers the primary goals of Creditcoin.
August 28, 2024 1 min read
Concerns about possible imminent interest rate reduction in September have led cryptocurrency investors to buy more crypto-related exchange-traded products (ETPs). On August 26, the cryptocurrency investment business CoinShares stated that digital asset investment products received $533 million in weekly inflows from August 18 to August 24. Inflows into exchange-traded funds
August 26, 2024 1 min read
Less than two days after the hack of Polygon’s Discord, hackers have now impacted Layer 2 blockchain ZKsync’s and Layer-1 network Avalanche’s official servers. The official Avalanche account reported a hacked Discord server and warned users not to engage with or click on any links in a message to X
August 26, 2024 2 mins read
A new development has occurred in the ongoing FTX restructuring proceedings; the case’s United States trustee has voiced strong concerns to the crypto exchange’s revised reorganization plan. Although the FTX estate claims that the proposed plan has the backing of many creditors. The trustee Andrew Vara and other creditors have
August 26, 2024 1 min read
Expectations on a possible Federal Reserve rate decrease in September skyrocketed, leading to a strong gain in the cryptocurrency market last week. Ethereum was trading at $2,800 while Bitcoin was close to $65,000 over the weekend. Next up, among other important events, are the US PCE numbers, which, among other
August 25, 2024 2 mins read
The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Data from SoSo Value shows that
August 24, 2024 1 min read
