The recent economic uncertainty in the United States has had a significant impact on the price of Bitcoin and altcoins. In the past day, Bitcoin’s price plummeted to $60,500, marking its lowest point in almost three weeks. Altcoins such as SOL, TON, and UNI have also experienced sharp declines, with losses exceeding 5%. Additionally, Ethereum
Toronto-based Bitcoin mining company Bitfarms has been making significant strides in increasing its operational hash rate. By the end of July, the company’s hash rate had reached an impressive 11.1 EH/s, representing a remarkable 109% year-over-year increase. This growth is even more striking when considering the 7% rise in hash rate on a month-over-month basis.
MicroStrategy, known for being the largest public Bitcoin holder, recently announced plans to raise up to $2 billion through the sale of its class A shares. This significant move demonstrates the company’s commitment to using stock sales as a means to finance its ongoing Bitcoin acquisitions. With a focus on “general corporate purposes, including the
The mystery of Satoshi Nakamoto’s true identity has puzzled the crypto world for over a decade. Despite numerous theories and speculations, the real creator of Bitcoin remains shrouded in secrecy. Some prominent figures, such as software developer Craig Wright, have claimed to be the mastermind behind Bitcoin. However, others, like Fox Television’s Tucker Carlson, have
Futu Securities International, the largest online broker in Hong Kong, has recently ventured into retail cryptocurrency trading in the city-state. This move aims to attract investors by offering shares of popular companies like Alibaba Group Holding and Nvidia. This development allows residents of Hong Kong to easily trade bitcoin and ether using either Hong Kong
In the world of decentralized finance (DeFi), the Solana network made headlines recently by outpacing Ethereum in monthly decentralized exchange (DEX) volume in July. Data from DefiLlama revealed that Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume marks Solana’s second-highest monthly volume, following
The cryptocurrency market has been witnessing a significant development in terms of large transaction volume, particularly with Cardano (ADA) competing with Ethereum in this aspect. Data from market intelligence platforms like IntoTheBlock and Santiment confirms that Cardano has been experiencing a surge in large transaction volume, indicating a wave of accumulation among the token’s large
Recently, the price of XRP has experienced a significant drop from $0.66 to around $0.56. This decline has raised concerns within the cryptocurrency community, with many speculating about the potential for further downtrend. The bearish pattern observed on the XRP/BTC pair has added to the pessimism, indicating a possible continuation of the negative trend. Veteran
Recently, Bybit, a popular crypto exchange, has announced the termination of its operations in France due to regulatory complications. The exchange cited issues with obtaining necessary licenses from the French regulator as the primary reason for this decision. This move has been met with disappointment from French investors who were using the platform for their
Recently, crypto exchange Coinbase has been under fire for allegedly breaching campaign finance laws. The controversy arose when crypto researcher Molly White raised concerns about a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). These allegations have sparked a debate about the legality of the donation and its