Cryptocurrency

Bitcoin rose by 4.5% from June 28 to July 1, breaking the $63,000 resistance for the first time in a week. The prior decline was largely due to fears stirred by the German government’s BTC transactions with exchanges and worries about Mt. Gox creditors selling large amounts of Bitcoin during the bankruptcy proceedings. However, this bearish […]

Bitcoin upped volatility on June 30 as traders prepared for “interesting” BTC price moves. BTC/USD 1-hour chart. Source: TradingView Bitcoin bids at the ready below $60,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit intraday highs of $61,668 on Bitstamp. The pair recovered from local lows of $59,950 the day prior, these marking a fresh […]

Despite the current bearish sentiment, the crypto market could experience a sharp rise by the November American elections. This is what Quinn Thompson, an expert from Lekker Capital, claims, who predicts Bitcoin at $100,000 and Ethereum at $7,000. An Imminent Market Reversal? Quinn Thompson from Lekker Capital displays overflowing optimism for the crypto market. Contrary to […]

According to market data,  crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with few coins […]

With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […]

Runes, a new token standard on the Bitcoin blockchain, has seen its daily average transaction count plummet over 88% from its highest point this month. Daily Runes transactions averaged out at 37,820 between June 22-28, marking a near-90% fall from the 331,040 daily average seen between June 9-15, according to Dune Analytics data from Crypto […]

Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago after a major hack, is finally set to repay creditors, who are being rewarded handsomely for their patience. Up to 950,000 bitcoin were lost in the 2011 hack, at a time when the cryptocurrency was trading for a tiny fraction of its current value. […]

On June 28, Bitcoin mining company Bitdeer announced it entered into a 30-year leasing agreement with the Monroe County Port Authority for a site located at the Hannibal Industrial Park in Clarington, Ohio. According to the company’s announcement, the site previously featured an aluminum factory and has the necessary power infrastructure to host Bitdeer’s mining […]

Investors’ risk appetite tends to increase with a lower cost of capital and higher liquidity, creating a favorable scenario for high-growth assets. Consequently, Bitcoin and other cryptocurrencies often benefit from such conditions, as more money in circulation typically boosts demand. However, if United States inflation appears to be under control, why isn’t the cryptocurrency market […]

Blockchain privacy firm Horizen Labs has partnered with the ApeChain project to integrate its zkVerify technology helping reduce proof verification costs. The zkVerify integration aims to improve gaming performance as well as reduce operational costs, and address challenges faced by Web3 gaming platforms. Developers building on ApeChain will be able to use zkVerify’s zero-knowledge proof verification […]