Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining Highs Amid Market […] Original
PlayDoge (PLAY) is cementing itself as one of the most anticipated new meme coin launches this year. The retro Play-to-Earn project has blown past the $4.5 million milestone in presale. And with that early backing, some analysts believe PLAY could be in line for sizable gains once listed on DEXs. ‘90s Nostalgia Fuels Early Demand […] Source CryptoX Portal
The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organization’s Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token. Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) post that a wallet (0x8e…D052) linked to the Ethereum Foundation transferred 18,089 ETH ($64.4 million) to a new address (0x87…D812). On-chain data shows that the new address has yet to transfer these funds and that…
Unlike in the U.S., in Australia, firms require the approval of the regulator, the Australian Securities & Investments Commission (ASIC), and then the exchange listing the product. In May, ASIC told CoinDesk via an email that DigitalX Ltd., VanEck and BetaShares either had “the relevant licence themselves or are working with another firm that has the requisite licence.” Source
“Alloy by Tether is an open platform that allows to create collateralized synthetic digital assets and will soon be part of the new Tether digital assets tokenization platform, launching later this year, Paolo Ardoino, CEO of Tether,” said in an X post. The platform may potentially offer yield-bearing products in the future, said Tether in a press release. Source
Beercoin, the highly popular Solana meme coin, has slumped hard in the past few days. After peaking at $0.00057 this month, it has slumped by over 68% to trade at $0.00018. This crash has brought its market cap to over $100 million, down from its peak of $282 million. Beercoin’s token crash is in line with the ongoing downtrend in the crypto industry. Bitcoin traded below $66,000 on Monday while most altcoins were down by over 10% over the past 24 hours. A likely reason for the sell-off is last…
Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Related Reading Buying Pressure Emerges, But Can It Overcome The Downtrend? One glimmer of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that tracks the balance between buy and sell orders on exchanges. According to NewBTC’s analysis, this ratio has recently dipped…
On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased selling volume. A potential entry point […] Source CryptoX Portal
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday. Source
The cryptocurrency exchange Bybit has integrated Apple Pay with its Bybit Card. This new feature promises a blend of security, convenience, and better pricing for users purchasing cryptocurrencies through the Bybit app or website. Access to 20+ Fiat Currencies According to the press release, this latest offering enables Bybit’s users to access over 20 fiat currencies to purchase digital assets with Apple Pay, reportedly with zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to encourage users to easily buy cryptocurrencies with their preferred payment currency…