Month: July 2024

Mantra – a beacon of hope in a declining market?

Mantra (OM) stands out as one of the few tokens in the green amidst the widespread downturn in the crypto market. However, its potential to maintain this upward trajectory appears limited. This article delves into the factors behind Mantra’s recent surge and assesses its future movement. Partnership with MAG The primary reason for Mantra’s recent performance is the significant announcement made on July 3, where UAE real estate giant MAG partnered with Mantra to tokenize $500 million in real estate assets. This announcement brought a wave of positive sentiment towards…

20% Price Drop Follows $87 Million Spending Outrage

boss

The winds of change are swirling around Polkadot (DOT). After a month-long slump that mirrored a broader cryptocurrency market downturn, DOT finds itself at a critical juncture. Source: Coingecko Technical indicators hint at a bullish reversal, with some analysts predicting a significant price surge for the interoperable blockchain darling. However, a recent spending spree by the Polkadot Foundation has cast a shadow of doubt, leaving the community divided. Falling Wedge Hints At Breakout, Analysts Eye $9 Target As technical analysis presents a potentially hopeful picture, DOT holders’ hope wavers. On…

Bitcoin Price Crashes Below $54,000: Top-5 Reasons

boss

In the last four days, the Bitcoin price has plummeted over 15%, with a significant 7.8% drop occurring in just the past 24 hours. From a high of nearly $72,000 in early June, the price of BTC has now declined by almost 25%. Here are the key factors behind yesterday’s dramatic fall in price. #1 Mt. Gox’s Bitcoin Repayments The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution…

German Parliament Member Urges Government To Cease Selling Bitcoin

boss

Joana Cotar, an independent member of the Bundestag, one of Germany’s legislative chambers, has called on the government to stop the ongoing Bitcoin (BTC) sell-off, which has had a notable impact on the BTC market, resulting in a 10% drop in the cryptocurrency’s price over the past two weeks.  Bitcoin As Valuable Asset Class For State Treasury In a letter addressed to the government, Cotar emphasized that BTC has gained recognition as a genuine asset class and a promising investment for the future due to its remarkable price surge.  The…

Bitcoin price plunges below $55k as Mt. Gox announces repayments

boss

The price of Bitcoin has continued its descending movement, sliding under the $55,000 threshold, returning back to levels last seen in February. Bitcoin’s (BTC) sell-off has intensified amid reports that the collapsed crypto exchange Mt. Gox moved over 47,000 BTC (worth around $2.6 billion) to a new wallet ahead of its $9 billion payout. At the time of writing, the price of Bitcoin is $54,561, a mark last witnessed in February, when the largest by market capitalization cryptocurrency was surging to a new all-time high. Following the transaction, Mt. Gox…

Australia Honors Kraken With Several Crypto Awards

Kraken, a global cryptocurrency exchange, won several awards in Australia, including Finder’s best overall crypto trading platform in 2024. It also bagged Finder’s best-advanced trading and crypto trading – extra features. Meanwhile, Wemoney named Kraken the best platform for casual investors and excellent rates and fees. Kraken also received honorable mentions in other categories, including […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

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…

Bitcoin Mining Rigs Chalk Up Losses as BTC Slumps to $54K

boss

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…