Day: July 8, 2024

Crypto experts divided on the next Bitcoin price action

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Bitcoin price has lost momentum and entered a bear market over the past few weeks amid multiple headwinds. BTC dropped to a multi-month low of $53,540 last week, its lowest point since February. It has since recovered some of those losses and was seen trading at $57,200 on Monday. The recent Bitcoin price movement has led to division among crypto experts. Some believe that Bitcoin is still in a bullish trend and that the recent sell-off will be short-lived.  In a recent statement, a Standard Chartered analyst said that they…

How Memes and Gamification Are Changing Finance As We Know It

All that is happening — both in traditional and crypto finance — speaks to something emergent and powerful. After decades of obscure, obfuscated, straight-laced, ivory tower financial services, people are moving in an opposite direction. Discovering collective financial power and then applying that power to markets goes hand in hand with technologies that connect people on a daily, global basis (e.g. Reddit) and that democratize financial autonomy (crypto). All of this is wrapped up in humorous, meme-based communities and financial gamification that is, at the end of the day, simply…

NEAR Protocol Sees Over 12 Million Unique Addresses In 30 Days

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The NEAR Protocol blockchain is seeing an increase in in user activity, sparking a great deal of positive vibe for its future. Transaction volumes and active addresses have been up in recent months, pushing the protocol up into the spotlight of the cryptocurrency community. Market observers point to several factors driving this growth, including the protocol’s focus on scalability, low fees, and its ambitious foray into artificial intelligence (AI) integration. Related Reading Active Users Flock To NEAR Scalable Ecosystem Data suggests a significant rise in user engagement on the NEAR…

Crypto Trading Firm Auros Estableshies Venture Capital Arm, Plans to Invest $50M in Early Stage Projects

Ben Roth, CEO of Auros, told CoinDesk that the VC arm focuses on helping companies scale operations, with Auros being the “power user” of their services. He noted that the firm’s goal is to form “strategic partnerships” with their portfolio companies and not use investments as a “client acquisition tool” for their market-making business, as is the case with some other market-maker investments in the industry. Source

How Telegram Built a Web3 Gaming Juggernaut

The millions of Notcoin users, after tapping and tapping and earning coins, were delighted to receive an Airdrop that showered 80 billion Not tokens to the community, transforming their mindless clicking into something with real value (at least for now). “Notcoin, a Mini App on Telegram, reached 35 million active users in just a few months,” Pavel Durov, Telegram’s CEO, wrote in his Telegram channel. “All of a sudden, Notcoin users who just played this game for fun could convert their in-game currency into real money.” (Telegram has officially distanced…

BTC Rebounds From $54K

Germany’s bitcoin sales and Mt. Gox’s reimbursements have recently shaken up the crypto market, and the drama may not be over yet. The eurozone’s biggest economy still holds 39,826 BTC worth $2.2 billion, according to data tracked by Arkham Intelligence. The stash, a potential source of selling pressure, represents nearly 9% of BTC’s 24-hour trading volume of $25.3 billion, suggesting further price turbulence. Early this year, the German Federal Criminal Police Office seized 49,857 BTC from the operators of Movie2k.to, a privacy website that was last active in 2013. Since…

German Government Moves 1,205 Bitcoin Amid Price Fluctuations

According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German government’s wallet now holds 1,205 BTC less than it did yesterday, […] Source CryptoX Portal

Dogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch

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Dogecoin’s recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of  $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward. This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine key support and resistance levels that traders and investors should…