Bitcoin (BTC) bounced off the psychological support level of $60,000 to trade above $60,500. The Core PCE Price Index, the Federal Reserve’s preferred inflation gauge, came in at 0.1%, slightly below expectations of 0.2%. Revised UoM Consumer Sentiment also fell short of forecasts, coming in at 65.6 compared to the expected 65.9. As Bitcoin (BTC)...
Zero-Knowledge Technology 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...
Bitcoin’s price is teetering on the edge of a precipice, with the critical $60,000 support level holding the line against a potential flash crash to $40,000. Despite a weakening US dollar and anticipation of Fed rate cuts, Bitcoin continues its descent, fueled by declining demand and critical remarks from prominent figures like Peter Schiff. This...
Russia’s crypto mining capacity could grow by a further 6.9 gigawatts (GW), the nation’s grid operator has claimed. Per the news agency TASS, the comments came from Andrey Katayev, the Director of Energy Markets and External Relations at the Russian Power System Operator. Russia’s Crypto Mining Capacity: Set For More Growth? Katayev said that Russia’s...
Despite Bitcoin hovering around the $60,000 mark, whispers of a potential price dip have surfaced. Influential investor David Portnoy has publicly announced his intent to make a substantial Bitcoin purchase if the price falls below $50,000, potentially injecting up to $10 million into the market. This bold move raises questions about the future trajectory of...
A newly formed association of Paraguayan Bitcoin (BTC) and altcoin miners says new energy tariffs could kill off the industry. Per Criptonoticias, the body was speaking after the nation’s National Electricity Administration increased the cost of electricity for miners by between 13% and 16%. Paraguayan Bitcoin Miners Say Price Hikes Are Too High The Paraguayan...
Japanese tech conglomerate Sony Group has acquired crypto firm Amber Japan, officially debuting into the crypto exchange arena. Per journalist and blockchain blogger Colin Wu, Singapore-based Amber Group, in 2022, entered the Japanese crypto market with the acquisition of digital asset trading platform DeCurret. “Later, due to the collapse of FTX, Amber Group fell into...
Independent credit ratings provider S&P Global Ratings has joined the Monetary Authority of Singapore’s Project Guardian to explore asset tokenization. The company officially announced its participation on Thursday, confirming that it would contribute toward risk assessment in fixed income workstream. Specifically, S&P will develop analytic frameworks, assessments and benchmarks in digital assets and tokenized markets....
South Korean university students appear to be turning to cryptoassets such as Bitcoin (BTC), with 40% saying they invest in tokens as well as overseas stocks. Per Delighti, a survey was conducted by the investment banking and brokerage service provider Korea Investment and Securities. This survey saw researchers speak to over 400 South Korean university...
South Korean prosecutors have revealed that crypto-powered drug trafficking is on the rise nationwide. The Supreme Prosecutor’s Office’s Narcotics and Organized Crime Department released its latest Drug Crime White Paper on June 26, Seoul Kyungjae and Chungcheong Today reported. Crypto-powered Drug Trafficking Spiralling: South Korean Police Fight Back According to this document, police arrested 27,611...