Day: July 9, 2024

Sam Altman’s Layer-2 Blockchain Project, World Chain, Opens to Developers

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…

Why Crypto Donations Are Surging in 2024

If anyone thinks that this is simply business as usual, you’re sorely mistaken. Crypto philanthropy is back in a big way. And what makes this surge unique is the diversity of giving modalities, driven by much more than the price of BTC, ETH and so on. The current Web3 charitable-giving trends were built during the last bull cycle, battle-tested, and optimized through the bear market, and are now reaching maturity as the market approaches a period expected to shatter previous all time highs. Source

Paxful Co-Founder Pleads Guilty to AML Conspiracy — Faces up to 5 Years in US Prison

A Paxful co-founder has pleaded guilty to conspiracy charges for failing to maintain an effective anti-money laundering (AML) program on the peer-to-peer cryptocurrency platform. This led to various criminal activities being conducted on the platform, according to the U.S. Department of Justice (DOJ). He faces up to five years in prison and will step down […] Source CryptoX Portal

Bitcoin miner Hut 8 secures 205MW site in Texas to upgrade its capacity to 1.3GW

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Hut 8 said it has entered into a power purchase agreement for a site in West Texas with access to 205 megawatts. Bitcoin mining company Hut 8 is gearing up to expand its infrastructure platform significantly with the latest agreement that gives the Miami-headquartered miner access to 205 megawatts in West Texas. In a Tuesday press release, Hut 8 said the site is adjacent to a wind farm and connected to the Electric Reliability Council of Texas grid, offering access to “some of the lowest locational wholesale power pricing in…

Bitcoin Price (BTC) Steady Above $57K as Germany Moves More to Exchanges

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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…

Here’s How Much BTC They Have Left

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The price of Bitcoin has crashed again as the German government continues its BTC selling spree. The government has already sold millions of dollars worth of Bitcoin, putting immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial BTC sell-offs executed by the German government.  Related Reading For…

Bitcoin Regains $57K Following $300M of ETF Inflows

Bitcoin found some stability above $57,000 following Monday’s slide to $55,000 as a German government entity received over $200 million worth of the asset back from various exchanges late in the U.S. day, helping revive sentiment. BTC was trading around $57,400 during the European morning, an increase of 1% in the last 24 hours, having fallen to $55,000 on Monday after a wallet address belonging to the German Federal Criminal Police Office (BKA) sent over $900 million to various other addresses, spooking traders. In the past 12 hours, the entity…

Can Solana Hit $160? SOL’s Resilience Sparks Rally Optimism

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Currently, the price of Solana has been showing resilience amid market volatility. This recent performance of SOL has raised rally optimism among market participants as to whether the digital asset’s price could potentially reach the $160 mark in the upcoming days. Particularly, this article aims to provide technical insight on recent price performance and technical indicators that suggest the potential for the crypto asset to hit $160 focusing on the 4-hour and the 1-day chart.  At the time of writing, SOL’s price was up by over 7%, trading at about…