Browsing:Crypto News

Bitcoin (BTC) Soars to One-Week Highs
9 months ago 1 min read

Bitcoin Surges to Near $30K as MicroStrategy Reveals Stock Sale, BTC Purchase Strategy

Bitcoin (BTC) showcased a robust surge to reach one-week highs in the $29,700s on Tuesday, driven by the announcement from US software company MicroStrategy regarding its intention to significantly increase its BTC holdings. MicroStrategy unveiled its plans through a filing with the US Securities and Exchange Commission (SEC), indicating its intention to sell up to $750 million worth of stock, with a portion of the proceeds earmarked for additional bitcoin purchases. Having accumulated 152,333 BTC by June 27, MicroStrategy holds approximately 0.0078% of the total circulating supply of around 19.44 million Bitcoin tokens. The company’s journey into bitcoin accumulation commenced

Binance successfully burned a substantial 1.41 billion LUNC tokens
9 months ago 1 min read

Binance successfully burns 1.41 billion LUNC tokens

Binance crypto exchange has concluded the twelfth round of token burning for Terra Classic (LUNC). This strategic process, aimed at reducing the token supply and enhancing its scarcity, holds the potential to influence the token’s value and market dynamics significantly. In the latest token-burning event, Binance successfully burned a substantial 1.41 billion LUNC tokens. This impressive figure corresponds to half of the LUNC trading commission revenues generated on the platform. In terms of market value, this amounts to approximately $112,000, reflecting the exchange’s commitment to maintaining a balanced token ecosystem. Market participants and enthusiasts can anticipate the announcement of the

BTC/USD order book on Binance
9 months ago 1 min read

Bitcoin Trading Volume Plunges to Early 2021 Levels, Fueling Concerns of $25K Potential Return

As Bitcoin (BTC) exhibited more sideways behavior, echoing the trend seen during the weekend and the previous week. The lack of significant market-moving events resulted in a brief spurt above $29,500 after the weekly close. However, bulls struggled to sustain momentum, leaving all eyes on the monthly close as a potential trigger for increased volatility. Monitoring resource Material Indicators provided an analysis of the BTC price action, noting that the cryptocurrency briefly surpassed $29,500, but failed to gain enough bullish momentum to advance further. As the month drew to a close, traders remained cautious about a potential trend shift. Material

OpenAI CEO Investigates Worldcoin Project Over Biometric Data Concerns
9 months ago 1 min read

Germany Launches Investigation into Worldcoin (WLD)

OpenAI CEO Sam Altman has been conducting an investigation into the Worldcoin (WLD) project since late last year. The project has garnered attention for its large-scale processing of sensitive biometric data, raising concerns over privacy and data protection. Launched recently, Worldcoin requires users to undergo iris scans in exchange for a digital ID and free cryptocurrency, as part of its ambitious plan to establish an “identity and finance network.” According to Michael Will, the head of the German data supervisory agency, the Bavarian State Data Protection Supervisory Office will lead the investigation into Worldcoin. The project, initiated by Tools For

XRP price settled around $0.6858
9 months ago 1 min read

XRP Token Loses 3.30% of Value After Partial SEC Case Victory

Following a partial victory in the SEC case, the XRP price experienced a significant surge, climbing from $0.46 to $0.92, eliciting excitement among investors. However, after the initial wave of enthusiasm subsided, the XRP price settled around $0.6858. In recent minutes, a new development has shaken the market, leading to increased volatility in the XRP price, causing the token to suddenly lose 3.30% of its value. The recent partial victory in the SEC case boosted investor sentiment, propelling the XRP price from $0.46 to an impressive $0.92. The cryptocurrency community was abuzz with excitement over the positive outcome. However, as

The newly-launched bald (BALD) tokens experienced a turbulent ride as prices plummeted by as much as 90%
9 months ago 1 min read

BALD Token Drops 90% After Developer Withdraws Liquidity Money

The newly-launched bald (BALD) tokens experienced a turbulent ride as prices plummeted by as much as 90% after reaching a peak on Monday. The token’s deployer made a significant move by removing millions of dollars worth of liquidity, causing a sharp decline in value from 9 cents to 1 cent. While some recovery was witnessed, with prices bouncing back to 4 cents at the time of writing, the incident left traders on the edge. During the European morning hours on Monday, BALD tokens held an impressive $32 million worth of ether (ETH) in liquidity. However, the mood quickly changed as

Tether's 2023 Q2 Report Reveals Impressive $1 Billion Operational Profit
9 months ago 1 min read

Tether (USDT) Records $1 Billion Profit in Q2

As of June 30, 2023, Tether ensured that the equivalent of USDTs in circulation was fully backed by assets in its treasury. According to the audited report, Tether recorded a surplus of $850 million in company assets during the second quarter. In total, the company assets yielded a surplus of $3.3 billion. Notably, Tether has decided to retain the profit and maintain the equivalent of USDT above 100%, further reinforcing the coin’s stability as a leading stablecoin. In the three-month period between April and June 2023, Tether achieved an impressive operational profit of $1 billion. This milestone speaks to the

Will Ethereum (ETH) Make History on its 8th Anniversary with $2K Price?
9 months ago 2 mins read

Ethereum’s 8th Anniversary: Can ETH Reach $2K?

As Ethereum (ETH) celebrates its eighth year on July 30, the crypto community is abuzz with excitement and anticipation. Over the past eight years, Ethereum has achieved remarkable milestones, cementing its position as the leading altcoin in the crypto market and emerging as the most active blockchain. With a vibrant ecosystem boasting over 1.6 million weekly active users and a staggering $226 billion market cap, Ethereum’s eighth anniversary is poised to be a memorable event, with expectations of significant price movements. Ethereum’s journey began on July 30, 2015, with the launch of its blockchain, aptly named the Frontier. Since then,

Shiba Inu Whales Amass 1 Trillion SHIB Tokens in Just 8 Weeks
9 months ago 1 min read

Shiba Inu Whales Acquire 1 Trillion SHIB Tokens in Just 8 Weeks

Shiba Inu has captured the attention of the crypto community, and has experienced a significant surge in its price over the past week. This surge can be attributed to increased activity from large holders, also known as whales, who have been accumulating staggering amounts of SHIB since early June. The anticipation of an upcoming ecosystem event, the launch of the layer-2 solution Shibarium, has further fueled interest in the coin. Market intelligence platform Santiment’s on-chain data reveals that Shiba Inu has been among the altcoins witnessing a remarkable price surge recently. This surge in price can be largely attributed to

Curve DeFi platform built on the Ethereum blockchain
9 months ago 2 mins read

Over $100M Worth of Crypto at Risk Following Curve Finance Exploit; CRV Token’s Decline

Curve, a prominent decentralized finance (DeFi) platform built on the Ethereum blockchain, has fallen victim to a significant exploit, as confirmed by a tweet from the project. The platform’s vulnerability to a “re-entrancy” bug in the Vyper programming language has exposed upwards of $100 million worth of cryptocurrency to potential risk. The exploit resulted in the draining of several stablecoin pools on the Curve system, which play a crucial role in pricing and liquidity for various DeFi services. The exploit in the Vyper programming language, which powers specific components of the Curve system, has led to the draining of several

Elon Musk
9 months ago 2 mins read

Elon Musk’s Tweet Sparks a Surge in Dogecoin Price

Recently, Elon Musk, the owner of X Company, posted a cryptic message hinting at something special to come. Cryptocurrency enthusiasts immediately began speculating on social media platforms, linking the tweet to the popular digital asset Dogecoin (DOGE). While the exact meaning of Musk’s tweet remains unclear, it undeniably had a positive impact on DOGE’s price, prompting excitement and curiosity among investors. In a last-minute development, Elon Musk, known for his impactful presence on social media, posted a message on his account that read, “Something special is coming soon.” The tweet was short but intriguing, leaving Musk’s millions of followers in

Shiba Inu continues to hold a prominent position
9 months ago 2 mins read

12% of Top Ethereum Whales Now Hold Shiba Inu Token

Shiba Inu, the meme-inspired cryptocurrency, has consistently remained a favorite among the largest Ethereum whales, and recent data shows that this sentiment remains unchanged. In the portfolios of the top 100 Ethereum whales, Shiba Inu continues to hold a prominent position, demonstrating its appeal as an investment choice in the crypto world. While stablecoins dominate these investors’ holdings, Shiba Inu stands out as the leading non-stablecoin token, solidifying its position as a significant player in the market. The top 100 Ethereum whales represent some of the most significant players in the crypto space. These investors not only hold substantial amounts

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