Month: July 2024

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

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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…

Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First

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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…

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

Iggy Azalea MOTHER Coin Surges 58% On DWF Labs Collaboration Announcement

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The famous token inspired by Australian singer Iggy Azalea, the Mother Iggy (MOTHER) token on the Solana (SOL) blockchain, experienced a significant surge of 58% on Thursday, emerging as the top performer in the market, as the meme coin announced a new collaboration with Web3 investor and market maker DWF Labs.  Iggy Azalea Collaboration With DWF Labs  DWF Labs, through a series of posts on social media platform X (formerly Twitter), announced its strategic partnership with now crypto investor Iggy Azalea, as the company recently signaled a new chapter for…

Moroccan AI Influencer Kenza Layli Wins Inaugural Miss AI Beauty Pageant

Kenza Layli, an artificial intelligence (AI) influencer from Morocco, has been crowned the world’s first Miss AI, defeating over 1,500 computer-generated models in a tough competition. Lalina Valina from France secured the second spot, while Olivia C from Portugal clinched third place. Layli, who reportedly does not experience emotions like humans, envisions fostering collaboration between […] Source CryptoX Portal

Cardano (ADA) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?

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Cardano price started a steady increase above the $0.3850 resistance. ADA is now eyeing a close above $0.40 to gain bullish momentum. ADA price started a fresh increase and traded above $0.3880. The price is trading above $0.390 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if it closes above the $0.40 zone. Cardano Price Eyes Steady Increase In the past few…