Month: July 2024

ORDI Soars 26% On Solid 7-Day Run

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Ordinals are a relatively novel innovation within the crypto space, but ORDI, the cryptocurrency with the Ordinals namesake, is within the grasp of the bears. According to the latest market data provided by CoinCodex, the token is down nearly 5% within the last 24 hours despite Bitcoin making an 11% gain within the past week. Related Reading Up And Down The Rabbit Hole Even though the market seems bullish for Bitcoin and the market as a whole, Ordinals seem to go against the grain. Analysts are hopeful that ORDI is…

With Biden Out, Polymarket Favors Harris for Democratic Presidential Nominee

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…

Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience

While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […] Source CryptoX Portal

Solana Leads Rally As Expectations For A Break Above $200 Grow

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Solana has recently captured the attention of market participants with a remarkable surge to $175, stunning investors and analysts alike. Solana is currently up 40% from its lowest point of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are now eagerly anticipating a potential breakthrough above the $200 mark in the coming week. Related Reading Traders have also noted the formation of a bullish pennant formation on the SOL price chart, which reaffirms the expectations for a $200 SOL price. This pattern…

NFTs maintain upward momentum, sales volume exceeds $107m

Non-fungible tokens, or NFTs, saw an uptick in sales volume for the second consecutive week, reaching $107 million — an 8.5% increase. A substantial increase in the number of NFT buyers accompanied this growth, reaching 488,141 — a staggering 89.56% rise. On the other hand, the number of NFT sellers also rose by 69.8%, totaling 198,450, signaling an improved trading environment and heightened market engagement. Below is a breakdown of what happened in the NFT market over the past week. Ethereum maintains lead while Solana, Bitcoin follow Blockchains by weekly…

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […] Source CryptoX Portal

Polkadot (DOT) Poised For Rally? Analyst Predicts $9.00 Breakout

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Resilient and showing great upward momentum is Polkadot (DOT), the blockchain network noted for its emphasis on interoperability. Polkadot has maintained its ground at the $6.30 support level thus far, indicating a solid basis for next developments. Related Reading DOT saw a little increase of 1.6% during the previous week, which experts think may be the forerunner to a much more significant upswing. Both experts and investors have drawn attention to this favorable situation, which will help Polkadot to have a possibly interesting future. Polkadot Makes Steady Climb Polkadot’s latest…

Bitcoin whale activity declines as the price stays near $67k

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On-chain data shows a significant decrease in the Bitcoin whale and exchange activities as the asset’s price remains close to the $67,000 mark. According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of Bitcoin (BTC) dropped by 33% over the past 24 hours — falling from 9,176 to 6,101 unique transactions per day. BTC price, whale activity, exchange activity and RSI – July 21 | Source: Santiment Quite similarly, the Bitcoin exchange activity also recorded a notable decrease. Per data from Santiment,…