Since the Bitcoin halving event, a noticeable trend has emerged within the mining community: smaller miners are selling their Bitcoin holdings, while larger, publicly traded mining companies are accumulating more Bitcoin, according to Julio Moreno head of research at CryptoQuant. Since the #Bitcoin halving smaller miners are the ones selling; Bigger miners have accumulated. This...
Crypto infrastructure provider Anoma Foundation is seeking a $1 billion valuation through a new $40 million funding round. According to a recent Bloomberg report, the Anoma Foundation, based in Zug, Switzerland, is in talks with investors to raise $40 million. Sources who requested anonymity due to the private nature of the discussions indicated that the...
Bitcoin (BTC) continues its downward trend, currently trading at $65,714. Earlier, BTC was trading above $67,500 but failed to maintain its upward momentum, dropping back to $65,714. This recent price movement has fueled speculation and market volatility, particularly after reports of the U.S. government moving $2 billion in Bitcoin. As investors react to these developments,...
The 50-day Exponential Moving Average (EMA) is positioned at $183.77, suggesting upward support. The upward channel supports Solana near the $187.50 level, with both the 50-day EMA and RSI indicating a potential continuation of the bullish trend. Traders should consider maintaining a bullish stance above $187.55, with caution if the price falls below this level....
Mt. Gox, the Japanese crypto exchange that collapsed in 2014, transferred a further $2.5 billion more bitcoin on Wednesday, according to Arkham Intelligence data. It is estimated that 59,000 of the recovered 142,000 Bitcoin has been distributed to creditors using the Kraken and Bitstamp cryptocurrency exchanges, according to data tracked by blockchain analytics firm Glassnode....
Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine. Local media reported that the State Duma, Russia’s lower house of parliament, gave initial approval to the legislation, which will allow businesses to use cryptocurrencies...
Donald Trump, previously a crypto skeptic, managed to raise $25m at the Bitcoin 2024 conference in Nashville this past weekend, according to Bitcoin Magazine CEO David Bailey. Most funds were raised during the Bitcoin Conference fundraiser for Trump at Nashville’s Music City Center on Saturday, right after his big speech. The event was reportedly his...
The U.S. Securities and Exchange Commission (SEC) has drawn sharp criticism from Ripple executives following its decision to amend its complaint against Binance. The SEC’s amended filing against Binance focuses on several crypto assets it deems securities, which has led to debates over regulatory clarity and consistency within the industry. Ripple’s Stance on SEC’s Regulatory...
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, started the week on a bullish note, remaining above $69,000. The recent surge, which saw BTC hit an intra-day high of $69,761, has been driven by US presidential candidate Donald Trump’s unexpected endorsement. Trump’s proposal to establish a national Bitcoin stockpile and his commitment to create...
California’s Department of Motor Vehicle (DMV) is using Avalanche blockchain to fight fraud and smoothen vehicle title transfer process. In collaboration with Avalanche blockchain and crypto infrastructure firm Oxhead Alpha, California DMV has successfully digitized 42 million car titles. The initiative aims to “modernize” the title transfer process for California drivers and DMV representatives, a...