Month: July 2024

Here’s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It

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On Sunday, the Bitcoin price saw a sudden crash that sent the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash saw $2,000 wiped off the Bitcoin price in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it, which inflicted worry in crypto investors across the space. Why Did The Bitcoin Price Fall? The Bitcoin price crash below $66,000 had one major factor behind it and that was the US President Joe Biden.…

Ethereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype?

CoinspeakerEthereum Whale Watch: Will $120M+ ETH Pending Dump Affect ETH ETF Hype? Some Ethereum (ETH) whales have positioned themselves to benefit from US spot ETH ETF speculation, which is set to launch on July 23. About $122 million worth of ETH has been moved to centralized exchanges (CEXes) for sell-offs from three whales. According to the on-chain analysis platform Spot On Chain, $89 million ETH has been moved to Binance and OKX exchanges in the past 9 days. During the early London trading session on 22nd July, another whale transferred…

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 Kong’s stock exchange is launching its first Bitcoin inverse investment product, allowing traders to bet against the largest by market cap crypto. Hong Kong‘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 Management’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 Women’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. “I’m absolutely over the moon,” 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…