Cryptocurrency - news
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![]() 27.07.2024 10:05 Based on the present rate of outflows, ETHE's ether reserves may be exhausted in a relatively short timeframe, potentially within weeks. cointelegraph.com |
![]() 27.07.2024 09:30 Several X accounts have made comments on the social media platform's default setting that allows user's data "to train Grok." cointelegraph.com |
![]() 27.07.2024 08:30 Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […] bitcoin.com |
![]() 27.07.2024 08:30 Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained strong. This is in contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which saw their market capitalization decline by 12% and 6%, respectively, over the same period. Related Reading: Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch? The key driver behind Polygon’s stability in network performance during the second quarter of the year, according to Messari, was the implementation of Ethereum Improvement Proposal (EIP) 4844 on the Polygon [...] newsbtc.com |
![]() 27.07.2024 07:30 According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches […] bitcoin.com |
![]() 27.07.2024 07:30 The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that is, the market cap) and what they used to purchase it (the realized cap). When the value of this indicator is positive, it means the holders of the given coin as a whole are currently holding net unrealized profits. On the other hand, the metric being below zero suggests the dominance of losses in the market. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? Now, here is the chart shared by the analytics firm that shows the trend in the MVRV [...] newsbtc.com |
![]() 27.07.2024 06:36 Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched in tandem with the second pilot phase of the Brazilian CBDC, […] bitcoin.com |
![]() 27.07.2024 06:31 Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not "tolerate any possibility of a repeat of the last 4 years." cointelegraph.com |
![]() 27.07.2024 06:00 During the 2024 Bitcoin Conference in Nashville, Tennessee, Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck, made headlines with his revealing comments about his personal Bitcoin holdings. Van Eck Reveals Personal BTC Holdings During his appearance at the conference, Van Eck began by sharing his perspective on Bitcoin’s growth and evolution over time, likening it to a “teenager” that is not yet fully formed, as many investor classes have not yet joined the market. Related Reading: Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO Addressing his investment approach, Van Eck revealed that in his conversations with other attendees at Bitcoin conferences, he has found that they tend to hold significantly more Bitcoin in their portfolios. He further stated: Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because [...] newsbtc.com |
![]() 27.07.2024 05:30 Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take […] bitcoin.com |
![]() 27.07.2024 04:31 The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the World Bank and the International Monetary Fund (IMF), attributing this shift to inevitable macroeconomic and demographic changes away from Western dominance. He emphasized the importance of working patiently toward this goal and resisting provocations from those upholding the old global […] bitcoin.com |
![]() 27.07.2024 04:30 Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of 18,000%. Dogecoin Could Soon Replicate Its 2021 Bull Run Kevin suggested in an X (formerly Twitter) post that Dogecoin could soon replicate its 2021 run when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its first weekly golden cross in four years. The analyst noted that the meme coin went “parabolic” for six straight months and enjoyed a price rally of 18,000% the last time this happened in 2021. Related Reading: Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA Crypto analysts like Javon Marks have also raised the possibility of Dogecoin replicating its 2021 run and even surpassing it at different points in this market cycle. Marks predicted that the foremost meme coin could enjoy a price rally of over [...] newsbtc.com |
![]() 27.07.2024 03:47 Bitcoin’s bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level. cointelegraph.com |
![]() 27.07.2024 03:33 The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant payment infrastructure. Discussions include integrating financial markets, payments in national currencies, and new mechanisms for mutual financial […] bitcoin.com |
![]() 27.07.2024 03:00 Recent insights from a CryptoQuant analyst suggest that Bitcoin’s recent price action could be the beginning of more substantial movements. The analyst, sharing insights on QuickTake, points to historical data on Bitcoin’s price trends and newcomer activities. This data comparison shows that the most significant bull cycles in Bitcoin history have often peaked when the influx of new investors reaches a specific threshold—a phenomenon fueled by a fear of missing out (FOMO) among new entrants. Related Reading: Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop—Here’s Why Bitcoin Quiet Buildup Interestingly, the current cycle presents a deviation from this established trend. Instead of experiencing new inflows at price tops, Bitcoin’s price ascent this time does not align with a significant increase in newcomer investments. This observation suggests that current upward price trends are not the result of a massive influx of new market participants but rather likely [...] newsbtc.com |
![]() 27.07.2024 02:30 Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […] bitcoin.com |
![]() 27.07.2024 01:30 The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jersey City, Michigan Allocate Millions To Bitcoin ETFs The first state to take the plunge was Wisconsin, which in May 2023 allocated approximately $98.6 million, or 2% of its pension fund, to BlackRock’s iShares Bitcoin Trust ETF. Now, two more states have joined Wisconsin in allocating state pension funds to Bitcoin ETFs. On Thursday, NewsBTC reported that the mayor of Jersey City, Steven Fulop, announced that it is updating its paperwork with the SEC to allow its pension fund to invest in Bitcoin ETFs. Related Reading: VacEck Places $52.4 Million Price Tag On Bitcoin, But How Is This Possible? The latest [...] newsbtc.com |
![]() 27.07.2024 01:25 Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […] bitcoin.com |
![]() 27.07.2024 01:06 The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society. cointelegraph.com |
![]() 27.07.2024 00:20 Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […] bitcoin.com |
![]() 27.07.2024 00:20 Grayscale must await final regulatory signoff on its registration filing before listing the fund cointelegraph.com |
![]() 27.07.2024 00:09 The two Republican senators claimed that if their party wins control of the Senate, they will stop the SEC’s “regulation by enforcement.” cointelegraph.com |
![]() 27.07.2024 00:00 Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year. XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end “very soon.” Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First RLinda also mentioned the rumors that the SEC’s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these [...] newsbtc.com |
![]() 26.07.2024 23:30 US Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax. cointelegraph.com |
![]() 26.07.2024 23:26 According to the blockchain-based prediction market Polymarket, there is an 84% likelihood that former President Donald Trump and current Vice President Kamala Harris will debate before the election. Trump has shown hesitation to debate Harris until her official nomination, citing significant confusion within the Democratic party. High Stakes: $142,846 Wager on Trump-Harris Debate Before Election […] bitcoin.com |