Day: July 22, 2024

Bitcoin Settles Above $67K After Biden Drops Out

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Bitcoin settled above $67,000 following a brief surge above $68,000 on Sunday after President Biden said he would not seek reelection. BTC initially slumped after Biden’s announcement before recovering to over $68,400 and was trading around $67,450 at the time of writing, 0.7% higher than 24 hours ago. The CoinDesk 20 Index (CD20), which measures the broader digital asset market, rose 1.25%. SOL and DOGE led the gains with increases of around 4.3% and 5% respectively. Original

Bitcoin Technical Analysis: BTC Balances Short-Term Corrections and Long-Term Bullish Momentum

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On Monday, bitcoin’s price stands at $67,463 per unit, within an intraday 24-hour range of $65,833 to $68,486. The leading crypto asset boasts an overall market capitalization of $1.33 trillion and a 24-hour trade volume of $31 billion. Bitcoin Bitcoin’s 1-hour chart indicates a recent peak at $68,486, followed by a downward correction. The current […] Original

BNB Chain to Participate in Blockchain Rio 2024, Showcasing Web3 Innovations

Caroline Bishop Jul 22, 2024 11:23 BNB Chain will attend Blockchain Rio 2024, Latin America’s premier blockchain event, featuring industry leaders and immersive experiences. BNB Chain is set to be a prominent participant at Blockchain Rio 2024, Latin America’s leading event for blockchain technology and digital finance. The event, which will take place in Rio de Janeiro from July 24 to 26, will bring together industry leaders, experts, and educators focused on advancing the tokenized economy, according to BNB Chain Blog. Blockchain…

Hong Kong gets inverse financial product to bet against Bitcoin

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Hong Kongโ€™s stock exchange is launching its first Bitcoin inverse investment product, allowing traders to bet against the largest by market cap crypto. Hong Kongโ€˜s stock exchange is set to debut its first Bitcoin (BTC) inverse investment product, expanding its virtual asset offerings as it aims to enhance its position as a leading financial hub. According to the South China Morning Post, CSOP Asset Managementโ€™s new product, the Bitcoin Futures Daily Inverse Product, denominated in U.S. dollars, takes short positions in Bitcoin futures traded on the Chicago Mercantile Exchange. This…

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

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The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […] Original

Meet Emma Hayes, the New Coach of U.S. Women’s Soccer

Emma Hayes is buzzing. Hayes, the new British coach of the United States Womenโ€™s National Soccer Team (USWNT), who will make her debut coaching the U.S. squad in international competition at the Paris Olympics, has just watched her home country knock off the Netherlands in a thrilling Euro 2024 semifinal on July 10. โ€œIโ€™m absolutely over the moon,โ€ Hayes tells TIME from a hotel in New Jersey, where her U.S. team is camped out while training for the Olympics. But lest anyone be concerned that the mind of the coach…

Is Trumpโ€™s crypto love genuine or just a voter grab? DC insider weighs in

Participants in the cryptocurrency sector are looking for a friendly face in the White House, and former president Donald Trump seems to be leveraging this opportunity. The former president, now the presumptive Republican nominee, has embraced Bitcoin and other digital assets, even agreeing to speak at a Bitcoin conference in Nashville, Tennessee. Just years ago, he labeled Bitcoin โ€œa scam against the U.S. dollarโ€ and said central bank digital currencies are โ€œvery dangerous.โ€ The former president has even called cryptocurrencies โ€œa disaster waiting to happen,โ€ stressing over the fact that…

Can Bulls Stage A Recovery?

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Bitcoin (BTC), the worldโ€™s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTCโ€™s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls can regain strength and drive BTC back into an upward trajectory. In this analysis, we will examine Bitcoinโ€™s recent price movement with the help of technical indicators and explore the possibility of a bullish recovery…

HNT Beats BTC With 40% Surge as Helium’s Mobile Subscriber Count Tops 100K

“Their 5G offers better consumer pricing to retail since reselling home internet offers a cheaper per mobile price vs a mobile plan directly with a carrier,” Shaughnessy wrote on X. “A home internet service costs $50-$100/month once and you can resell that to many users for less each ($20/mo helium plans), vs each person paying $50-$100 for their own mobile plan. 100,000 subscribers and counting is incredible,” Source