USTC has shown notable price movements of late. From an abrupt drop earlier in the year to an optimistic current return, both experts and investors find appeal in the digital asset. Related Reading USTC plummeted more than 51% from $0.330 at the start of the year, to $0.1660. This huge drop made people wonder what the future holds for buyers in the stablecoin. But this week, market data showed that things got better: the price of USTC went up by more than 10%. This good news has given people new…
Day: July 12, 2024
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon […] Original
Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on Censorship
David Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey called out these moderators, stating updates about President Trump assisting the Bitcoin 2024 conference in Nashville were censored. “Wild […] Original
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […] Source CryptoX Portal
Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million
After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion. With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with expectations of further price appreciation for the largest cryptocurrency on the market. 9.9% Of Seized BTC Remains On-chain data from market intelligence firm Arkham reveals the German government’s selling activity on Thursday, showing that the…
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data. Source
Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First
A crypto analyst has predicted that Ethereum (ETH), the world’s second-largest cryptocurrency will surge to new all-time highs around the $8,000 price mark. However, for Ethereum to reach this ambitious price target, the analyst emphasized that the cryptocurrency must fulfill certain key conditions. Ethereum Road Map To $8,000 ATH A crypto analyst identified as ‘Bluntz’ on X (formerly Twitter) has expressed bullish optimism for Ethereum’s future outlook. The analyst forecasted that ETH could witness a mega rally to an $8,000 all-time high this market cycle. Related Reading Bluntz shared a…
Bitcoin (BTC) Bulls Fail Again After U.S. CPI Surprises Market, What Next?
The supply overhang from Germany’s Saxony state, which catalyzed the price drop early this month, is nearly running dry. Besides, it remains uncertain what percentage of the 95,000 BTC, which represents a portion of the total 140,000 BTC scheduled to be distributed to Mt. Gox’s creditors, will be liquidated. Original
Pepe price holds 200 EMA, traders expects more gains
Pepe price rose for the second consecutive day as a sense of optimism spread in the crypto industry following encouraging inflation data. The $PEPE token climbed to $0.0000095, marking a 25% increase from its lowest level this month. It joined other meme coins like Dogwifhat (WIF) and Dogecoin (DOGE) in this recovery. Pepe’s rebound was mostly driven by the performance of Bitcoin, which rose above $59,000 on Thursday. Bitcoin rose as investors bought the dip after it dropped to $53,700 last week. The token has risen in a high-volume environment,…
Kraken Becomes Official Crypto Partner of Spain’s Iconic Football Club Atlético de Madrid
Cryptocurrency exchange Kraken announced its partnership with Atlético de Madrid, one of Spain’s most iconic football clubs, on Wednesday. Starting with the 2024 season, Kraken will be the Official Crypto and Web3 Partner and the Official Sleeve Partner for all Atlético de Madrid men’s and women’s football shirts. This collaboration aims to merge the worlds […] Source BitcoincryptoexchangeExchanges CryptoX Portal