Author: Ava Patel

Article written by Ava Patel

Bitcoin (BTC) drops by over 5% over the past 24 hours

July 30, 2024 1 min read

Over the last 24 hours, Bitcoin’s value has dropped from $70,000 to just below $66,000, a 5.7% drop. Even so, it is still inside a range-bound channel that was made at the end of February and lasts for five months. Analysts are looking for signs to explain why market sentiment dropped so quickly after reaching a seven-week high for the asset. Trader and economist Alex Krüger noticed that prices and

Kamala Harris’ presidential campaign reaches out to crypto exchanges to reset relations with the tech sector

July 28, 2024 1 min read

Vice President Kamala Harris’s campaign is partnering with leading crypto companies to develop a favorable regulatory structure for the crypto industry, with a focus on supporting business growth. The outreach initiative encompasses Coinbase, Circle, and Ripple Labs, as a means to mend relations with the technology industry, which has expressed disapproval of the regulatory position taken by the Biden administration. Harris’s campaign tries to convey the image that Democrats are

Donald Trump intends to fire the SEC chairman on his first day in office

July 28, 2024 1 min read

Donald Trump has declared his plan to dismiss Gary Gensler, the current Chair of the US Securities and Exchange Commission (SEC), immediately upon assuming office. Trump highlighted Gensler’s lack of favor among the crypto community as a crucial element in his plan to endorse the crypto business. In addition, he stated his determination to establish the US as the foremost global center for crypto should he emerge victorious in the

Ledger announces the launch of Ledger Flex

July 27, 2024 1 min read

Ledger has unveiled its newest hardware wallet, Ledger Flex, at the Bitcoin 2024 conference held in Nashville. The wallet is equipped with a highly secure E Ink touchscreen that is powered by Ledger’s Secure OS. Additionally, it has NFC connectivity, which improves convenience without sacrificing security. The wallet features a distinctive black and steel design and includes a unique Ledger Flex BTC Edition. The 2.8-inch display with high resolution guarantees

Toncoin Faces Potential Sell-Off and Significant Resistance

July 26, 2024 1 min read

Toncoin (TON) has undergone a 12% decrease in value within the past six days, dropping below a significant threshold and failing to surpass it. The price is expected to stay below $7 in the upcoming days due to a decrease in the number of holders who are making profits, which is no longer at its earlier height. The In/Out of Money Around Price (IOMAP) indicates a substantial barrier to selling,

Jersey City Mayor plans to allocate a portion of the city’s pension fund to Bitcoin ETFs

July 26, 2024 1 min read

Mayor Steven Fulop of Jersey City has declared intentions to deploy a segment of the city’s pension fund towards Bitcoin exchange-traded funds (ETFs), indicating a notable change in the city’s financial approach to incorporating crypto. The pension fund is currently revising its documentation with the US Securities and Exchange Commission (SEC) to incorporate Bitcoin Exchange-Traded Funds (ETFs). This move aligns Jersey City with the Wisconsin Pension Fund, which allocated 2%

Tron Network and Ethereum hit new milestones in the number of transactions

July 24, 2024 1 min read

In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones. The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total. The network’s transaction count at the

Bitcoin ETFs saw a record $18 billion inflow between July 15-19, 2024

July 22, 2024 1 min read

Bitcoin exchange-traded funds (ETFs) experienced a substantial influx of $18 billion from July 15 to July 19, 2024, capturing the interest of investors and propelling them to unprecedented levels. On July 16, the market experienced a significant influx of $424 million, making it the highest inflow of the year. The iShares Bitcoin Trust (IBIT) from BlackRock took the lead with $141 million. Additional notable contributions were made by the Bitwise

The Winklevoss twins donate $1 million in Bitcoin (BTC) to John Deaton’s campaign

July 19, 2024 1 min read

Republican candidate John Deaton, who is competing against Senator Elizabeth Warren in Massachusetts, has received a $1 million Bitcoin donation from the Winklevoss twins, Tyler and Cameron. Tyler censured Warren, labeling her as the primary adversary of cryptocurrencies, while Cameron commended Deaton for being supportive of Bitcoin and cryptocurrencies. The twins’ endorsement is a component of a wider endeavor by the crypto community to back candidates who are in favor

Bitcoin mining profitability is at historic lows despite high trading values

July 18, 2024 1 min read

The operational efficiency of Bitcoin mining is being hindered by the rapid increase in the network’s hashrate, which has reached 635 exahashes per second (EH/s), resulting in heightened competition. Since November 2021, the hashrate, which represents the computational capacity required for transactions on proof-of-work blockchains, has increased by over thrice, coinciding with a period when Bitcoin’s price was comparable. As of July 16, the “hash price” has dropped to $51.13,

Ethereum ETFs to draw up to $1 billion monthly

July 15, 2024 1 min read

Kraken’s Head of Strategy, Thomas Perfumo, predicts that Ethereum ETFs could attract up to $1 billion in monthly investments, potentially pushing Ethereum (ETH) to new price highs and benefiting the wider crypto market. Perfumo also highlighted the upcoming US elections as a significant factor in the crypto industry’s future. He identified Ethereum ETFs as a key factor for the crypto market’s growth in the latter half of the year, with