However, it’s not all doom and gloom for the digital assets sector. Stablecoins outperformed the rest of the crypto ecosystem in June, and their market cap was flat to slightly higher, the report said, with the appreciation driven primarily by tether (USDT). Source
PRESS RELEASE. RIYADH, Saudi Arabia – July 8, 2024 – Astra Nova, the revolutionary action RPG, is making significant strides as the 1st Web3 game to emerge from Saudi Arabia’s vibrant gaming landscape. Built on Unreal Engine 5, Astra Nova is captivating the gaming community with its innovative approach and immersive gameplay. Currently, Astra Nova […] Source CryptoX Portal
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…
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…
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…
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
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…
Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by a sharp recovery to approximately $57,500. The support level is firmly established at […] Original
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…
Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said. Original