Month: June 2024

BTC Hashrate decline spurs interest in altcoins: APORK, RNDR, APT emerge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A break in Bitcoin’s hashrate uptrend raises concerns but boosts bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK). A technical break in Bitcoin’s hashrate, which had previously exhibited a robust 18-month uptrend, has emerged as a cause for concern among cryptocurrency analysts. The true hashrate has fallen to 600 exahashes per second (EH/s). The move from the uptrend is a signal that mining…

Germany Moves 750 Bitcoin (BTC), Altcoins Bleed Liquidity

Bitcoin, after a brief surge above $62,000 in the early Asian session, retreated to $61,400. The price fell amid significant on-chain activity in the German government’s BTC holdings. According to blockchain sleuth Lookonchain, the eurozone’s largest economy transferred 750 BTC, valued at over $46 million, sending 250 BTC to crypto exchanges Bitstamp and Kraken, an indication that the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, added to bearish pressures in the market. The government holds over…

Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes

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Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As bearish momentum persists, this analysis explores the possible outcomes for Bitcoin’s price movement and the broader implications for the cryptocurrency market. As of the time of writing, the market capitalization of…

Investcorp and Securitize Launch Fund Tokenization Partnership

“This partnership with Securitize continues Investcorp’s strong legacy as an innovator in alternative investments,” said Anthony Maniscalco, Managing Partner, ISCG, in a release. “The use of tokenization technology has the potential to increase efficiencies for investors, and also provides for a new era of accessibility. Through this collaboration, Securitize is bringing access to the GP staking strategy for a wider range of investors.” Source

Law firm impersonators target crypto scam victims, FBI alarms

The FBI has issued a public warning that fraudsters posing as lawyers are contacting crypto scam victims, promising to help recover their lost funds. Bad actors may be using social media and other messaging platforms to impersonate law firms, contacting crypto scam victims and offering their services to recover lost tokens, the Federal Bureau of Investigation (FBI) warns. In a statement, the bureau says these scammers reference the FBI to validate their contact. Additionally, there are instances where scam victims “have contacted fraudsters on fake websites, which appear legitimate, hoping…

Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction

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Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After a stellar run in the first half of 2024, breaking past the crucial $71,000 barrier, the digital gold has retreated, currently hovering around the crucial $61,000 support zone. This recent dip has sparked a debate amongst analysts, with some clinging to bullish long-term outlooks and others cautioning of potential headwinds. Related Reading Rainbow Whispers: A Golden Buying Opportunity Or Fool’s Gold? One factor keeping some bulls optimistic is the Bitcoin Rainbow Chart, a popular…

Strike Expands Bitcoin and Lightning Services to the UK

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Strike has announced its expansion into the United Kingdom. This move allows individuals and businesses in the UK to access Strike’s suite of Bitcoin and Lightning Network services. The features include buying, selling, sending, and withdrawing bitcoin, global payments, and more. The company’s founder, Jack Mallers, believes that bitcoin can solve some of the world’s […] Original