Day: July 2, 2024

Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says

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A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two on-chain indicators of focus here. Related Reading The first of these is the “Miner to Exchange Transactions,” which, as its name suggests, keeps track of the total number of transactions that are going from miner-related…

Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,470 and $3,520 resistance levels to continue higher. Ethereum Price Corrects Lower Ethereum price…

How WELL3 is transforming health and wellness with DePIN

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WELL3 integrates DePIN, DID, and AI systems to change health and wellness, offering secure, personalized user experiences and fostering a community of over 1 million users. WELL3 is a new project that is taking a novel approach to health and wellness by integrating Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. Let’s explore the project in more detail. Overview Company: WELL3 Token ticker: WELL Blockchain: Multichain…

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

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Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the $63,650 resistance zone. Bitcoin Price Holds Ground Bitcoin price started…

Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

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Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws.  Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first global stablecoin issuer to achieve compliance with the European Union’s regulatory framework known as Markets in Crypto-Assets (MiCA).  This framework, considered a cornerstone in the EU’s approach to governing cryptocurrencies, sets out comprehensive rules and…

Circle’s Stablecoins Now MiCA Compliant

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […] Source CryptoX Portal

Limited To 24 Months Before Exhaustion

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The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively.  Decentralized finance (DeFi) researcher DeFi Ignas has analyzed the report, highlighting the Treasury’s limited runway of approximately two years at the current burn rate of $87 million every six months. Funding Concerns Mount For Polkadot  Polkadot’s expenditure during the first half of 2024 paints a worrying picture. An…

Dogecoin Flashes Major Bullish Signal On 3-Day Chart, Here’s The Target

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Dogecoin (DOGE) could be on the brink of a major bullish reversal based on a technical indicator recently flashing a bullish signal for the meme coin. While highlighting the bullish signal, crypto analyst Ali Martinez also hinted at how high Dogecoin could rise when this reversal occurs.  A Rebound For Dogecoin On The Horizon Martinez mentioned in an X (formerly Twitter) post that the TD Sequential is presenting a buy signal on Dogecoin’s 3-day chart, thereby “predicting a rebound of one to four candlesticks for DOGE.” Based on the chart…

Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million

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In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with Bitcoin’s positive start in July, as the cryptocurrency begins to recover recently lost gains. Currently, Bitcoin is trading above $63,000, marking an increase of nearly 3% in the past day. Related Reading Metaplanet’s Expansion Into Bitcoin Earlier today, Metaplanet made headlines by acquiring an additional 20.195 Bitcoin, valued at approximately $1.2 million, as announced…

Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…