Day: August 1, 2024

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

Thursday’s decision is expected to put an end to months of back-and-forth over whether Kwon should be extradited to South Korea, which submitted its extradition request first, or the U.S. Kwon successfully fought against earlier rulings to extradite him to the U.S. but, when the High Court of Podgorica ruled to send him to South Korea, the country’s Supreme Court stepped in to postpone it after the country’s top prosecutor issued a statement arguing that the court’s decision overstepped the limits of its power. There have been numerous court rulings…

Bitcoin optimism high heading into a historically slow trading month

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Investors have several reasons to be optimistic toward bitcoin even as it enters one of the sleepiest trading months of the year. The flagship cryptocurrency ended July — usually a strong month — up 5% at $65,596.41, according to Coin Metrics. In June, bitcoin fell 8%. It has finished 7 of the last 11 Augusts in the red, generating an average 2.69% return for the month, according to CoinGlass – largely thanks to a more than 65% gain in August 2017. “We predicted that the elections would be a major…

Key Indicators Signal Further Losses To $12

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Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. This article provides an in-depth analysis by evaluating the current market sentiment around Chainlink, examining…

Bitcoin Price (BTC) Tumbles as Donald Trump Victory Odds Slide

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Markets received what nominally was good news on Thursday morning, with the U.S. July ISM Manufacturing PMI falling far more than economist expectations, sending interest rates to multi-month lows across the board. Also, U.S. initial jobless claims jumped to their highest level in about one year. Taken together, the data adds to ideas that the U.S. in on the cusp of a monetary easing cycle by the Federal Reserve – usually thought of as bullish for risk assets, bitcoin among them. Original

Galaxy Digital (GLXY) Records Loss of $177M in Q2 as Market Retreated

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 analyst sees significant organic growth opportunities for Riot stock

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Bitcoin miner Riot Platforms’ stock is a buy due to its significant organic growth opportunities, H.C. Wainwright analyst Mike Colonnese said in a note. The Riot Platforms stock is down 34% year-to-date amid a broader correction for Bitcoin (BTC) and altcoins that also has crypto stocks down. But in a research note shared with crypto.news, Colonnese argues for the bitcoing mining stock to see further growth as it eyes expansion. He has reiterated a buy rating for RIOT with a $17 price target. Riot’s financial results Riot released its second…

UQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina

PRESS RELEASE. Buenos Aires, Argentina – August 1st, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. […] Source CryptoX Portal

How the 2024 Presidential Election and Key Policy Shifts are Propelling Crypto Markets to New Heights

Former President Donald Trump, the Republican nominee and current frontrunner in the election, has emerged as a staunch advocate for cryptocurrencies. Last weekend, on July 27, he delivered a rousing keynote speech at the Bitcoin 2024 conference in Nashville. Addressing an at-capacity crowd, Trump laid out his vision for the U.S. to become the global hub for crypto innovation. He pledged to replace Securities and Exchange Commission Chairman Gary Gensler, known for his anti-crypto stance, a promise that was met with enthusiastic approval from the audience. Trump’s commitment to holding…

Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why

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The Dogecoin price reaching double-digits remains a dream for its die-hard community, despite the meme coin failing to claim $1 even till now. Nevertheless, expectations that Dogecoin will eventually cross $10 remain high as one analyst has given reasons why the largest meme coin by market cap is set to surge by more than 7,200%. Dogecoin To Stage A Log Breakout Crypto analyst Javon Marks took to X (formerly Twitter) to share an interesting development on the Dogecoin chart. Marks points out that a Log Breakout could be on the…

Spot Bitcoin ETFs See Light Inflows as Grayscale Adds Mini Bitcoin Trust

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On Wednesday, the list of spot bitcoin exchange-traded funds (ETFs) grew from 11 to 12 with the introduction of Grayscale’s Mini Bitcoin Trust. The day’s trading session saw these funds attracting a modest $298,930 in net inflows. Spot Bitcoin ETFs Report Modest Inflows During Tuesday’s trading session, only two spot bitcoin ETFs experienced inflows. Blackrock’s […] Original