Tag: Cryptocurrency trading
Bitcoin Warning: First Mover Americas Sees Price Drop to $55K
Bitcoin experienced a slight drop in price to $64,500 during the European morning, after falling to $62,500 on Thursday. This price is close to the 50-day moving average, which is an important support line...
Bitcoin Network Difficulty Reaches Record High Amid Price Volatility
Bitcoin’s network difficulty has reached a new high, hitting 90.67 trillion on August 2, 2024, as reported by CoinWarz. This achievement comes after a period of declining difficulty, indicating a resurgence in miner confidence...
Coinbase Reports Strong Q2 Revenue of $1.45 Billion Despite Transaction Decline
Coinbase recently announced their strong second-quarter revenue of $1.45 billion, surpassing market expectations despite a decline in transaction revenue. This is a significant improvement compared to the same period last year when their total...
Polymarket Hits $1B in Bet Trading Volume During US Election Betting Surge
Polymarket, a popular crypto betting platform, has reached a major milestone by surpassing $1 billion in trading volume. This achievement has been fueled by the high interest in the upcoming US presidential election, with...
TON Launches Bitcoin Bridge: The Open Network’s Teleport Innovation – CoinJournal
The TON Foundation has announced an exciting new development for the Open Network in 2024. They are planning to launch a trustless bridge that will allow users to bring Bitcoin into the TON ecosystem...
Ethereum ETFs Excite Bit Digital, But Lack Staking Features
Bit Digital is excited about the upcoming launch of Ethereum ETFs, seeing it as a potential catalyst for the price of Ethereum. The company believes that this will help in the normalization and adoption...
Genesis Trading Transfers 12.6k BTC to Coinbase for Asset Liquidations
Genesis Trading recently made a significant move by transferring 12,600 Bitcoin (BTC) to Coinbase, totaling about $719.9 million. This transfer comes after a legal settlement with the State of New York, requiring Genesis to...
Unveiling the Risks of Memes: Rug Pulls, FOMO, and the Dogefather Effect
The rise of memecoins in 2024 has sparked excitement among investors, but it has also brought to light the risks associated with rug pulls, FOMO, and the "Dogefather effect." Rug pulls are scams where...
Nigerian Kucoin Users Subjected to 7.5% VAT on All Transactions
Kucoin, a popular cryptocurrency exchange, recently announced that Nigerian users will now be subjected to a 7.5% value-added tax (VAT) on all transactions starting July 8th. This decision was made following a regulatory update...
Injective Price Prediction: Analyst Anticipates Surge to $380
Christian, a dedicated journalist with a passion for decoding the complexities of the cryptocurrency market, has been on a relentless quest to keep readers informed and engaged. His extensive experience in journalism, coupled with...
