Month: June 2024

Bitcoin (BTC) Price Bounces to $67K with Mining Stocks HIVE, WULF, CAN Rallying; XRP Leads Altcoins

Bitcoin has been chopping sideways in a tight range below its all-time record prices since March, flushing out excess leverage in liquidation cascades, and surely causing some impatience from market participants, particularly the “number go up” crowd. Underscoring the boring price action, bitcoin’s 30-day realized volatility has dropped to near historic low levels, Alex Thorn, research head of digital asset investment firm Galaxy, pointed out in an X post. Source

Shiba Inu’s Shibarium Sees Triple-Digit Surge Across Major Metrics, What’s Going On?

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Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the…

Analyst Forecasts Silver Shortage, Price Increases As Consumers Tap Dwindling Secondary Inventories

Peter Krauth, a silver market analyst and author of “The Great Silver Bull,” has predicted an upcoming silver shortage produced by the increased demand for the precious metal for different applications. Krauth states that demand for silver has outpaced supply, and there are probably 12 to 24 months of silver available before inventories run out. […] Source CryptoX Portal

Solana Sees Sharp Decline To $146, Will SOL Overcome Latest Hurdles?

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SOL, the native token of Solana, a leading blockchain platform renowned for its high-speed transactions and innovative technology, is currently facing significant price hurdles. As the cryptocurrency market experiences volatility, Solana’s price has encountered resistance levels that pose challenges to its bullish trajectory. Investors and analysts are closely watching these developments, trying to gauge what lies ahead for SOL.  This article explores the current price hurdles facing Solana, delves into future outlooks, and offers predictions on how these obstacles could impact its market performance. Understanding these dynamics is crucial for…

Telecom Giant and T-Mobile (TMUS) Parent Deutsche Telekom Plans to Mine Bitcoin

Deutsche Telekom has been very active in the digital assets sector for years. It has been running validators on networks such as Polygon, Q, Flow, Celo, Chainlink and Ethereum. The telecom giant also started Energy Web Chain last year, which the company said was “the world’s first public blockchain designed explicitly for the energy sector” and will help to create a “more decentralized, digitalized, and decarbonized energy system.” Source

Bitcoin mining companies are hiding energy data, Wall Street is responsible

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In a new report filed by Greenpeace, the climate group called for Wall Street accountability in crypto mining, and it correlated bitcoin mining to excessive global energy usage. Greenpeace claimed that Bitcoin (BTC) mining has evolved into a significant industry dominated by traditional financial companies that are buying up and operating large-scale facilities, using lots of energy. In 2023, global Bitcoin mining used approximately 121 TWh of electricity, comparable to the entire gold mining industry or a country like Poland. This resulted in significant carbon emissions, the report contended, as…

Crypto Trading Firm Cumberland Acquires New York’s BitLicense

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Fairlead’s Katie Stockton says equities and Bitcoin still in bull market cycle

Katie Stockton, founder and managing partner at Fairlead Strategies, believes the broader equities market and Bitcoin (BTC) are still in a bull market cycle. Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday. Highlighting the current market outlook compared to three weeks ago, she said: “We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is…

Price To Surpass This Soon?

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Data suggests the average cost of mining Bitcoin is standing around $86,700 right now. Here’s what history suggests could happen next for BTC. Bitcoin Average Mining Cost Is Currently Notably Higher Than The Price In a new post on X, analyst Ali Martinez has talked about how the average mining cost of BTC is looking like right now. The Bitcoin network runs on a consensus mechanism based on the “proof-of-work” in which validators called the miners compete against each other using computing power to get to hash the next block…

ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $900M

The ZK token opened at $0.31 and is down about 21% since then, trading at $0.24 at the time of writing, according to CoinGecko. The market capitalization stands at about $908 million, based on the circulating supply, with about 3.7 billion tokens eligible to be distributed. On a fully diluted basis, the market cap would be $5.1 billion. Source