Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
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In a bold move, Futu Securities International, the largest online broker in Hong Kong, has recently entered the retail cryptocurrency trading scene in the city-state. This decision marks a significant step towards attracting more investors by offering the opportunity to trade popular cryptocurrencies such as bitcoin and ether. Futu Securities International has partnered with HashKey
MicroStrategy, known for being the largest public Bitcoin holder in the world, recently revealed its intention to raise up to $2 billion through the sale of its class A shares. This announcement was made in a regulatory filing with the U.S. Securities and Exchange Commission. While the company did not specify a timeline for the
Ethereum experienced a 3% loss in value this week, failing to regain its previous support level of $3,300. The current key support is now at $2,800, with the possibility of further decline if market sentiment remains bearish. The MACD and RSI indicators indicate a bearish momentum, suggesting that sellers are currently dominating the market. Until
Recently, there have been accusations made against the popular crypto exchange Coinbase regarding potential breaches of campaign finance laws. These claims were brought forward by crypto researcher Molly White, who raised concerns about the platform’s $25 million donation to Fairshake, a crypto Super PAC. White suggested that this donation may have violated campaign finance rules,
Donald Trump, the former President of the United States, has recently made headlines by giving a significant endorsement of Bitcoin. This move comes as he hints at a potential return to the White House in 2024. In an effort to garner support from the crypto industry for his campaign, Trump has taken a more pro-Bitcoin
Lost Dogs is breaking new ground as the first game on Telegram to seamlessly integrate a story-driven format with NFTs and token rewards. This innovative collaboration between Notcoin and Lost Dogs Co has created a gaming experience like no other, immersing players in a world of magic dogs where their daily decisions shape the evolving
The recent Bitcoin2024 conference has sparked a new wave of optimism among crypto investors, as prominent political figures voiced their support for Bitcoin. From Presidential Nominee Donald Trump’s plan for a national bitcoin stockpile to Senator Cynthia Lummis proposing the purchase of 1 million BTC by the U.S. Treasury, it is evident that politicians are
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the top nine ETFs. The Grayscale Ethereum Trust (ETHE) has been hit the hardest, recording $133.33 million in outflows on July 31st. Since becoming an ETF, ETHE has seen almost $2 billion in outflows. On
Bitcoin, the flagship cryptocurrency, has been the center of attention recently with hedge fund manager James Lavish predicting that it could rise to an astonishing $428,000. According to Lavish, this price target could be achieved when Bitcoin represents 1% of the $900 trillion investment assets worldwide. This bold prediction is based on the belief that
