Day: August 2, 2024

XRP Price Slides 10% Amid Rising On-Chain Activity And Whale Transactions; Key Supports In Focus

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin Miner Cleanspark Acquires Wyoming Mining Site

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Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected to be operational by the end of […] Original

Solana flips Ethereum DEX volume with $55b

Solana has surpassed Ethereum for monthly decentralized exchange (DEX) trading volume for the first time in crypto history. Solana (SOL) DEX volume hit $55.8 billion in July, outpacing on-chain trading activity on Ethereum (ETH) between July 1 and July 31, per DefiLlama.  Ethereum, the largest chain for decentralized finance, recorded $53.8 billion in the same period. Layer-2 networks like Arbitrum and Base and L1 blockchain Binance Smart Chain comprised the most volume after Solana and Ethereum.  Monthly DEX volume on Aug. 1 | Source: DefiLlama What’s driving Solana’s volume? Solana’s…

FBI Issues Warning About Crypto Exchange Scams

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The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to trick victims into providing login details, clicking links, or sharing identification information. FBI Alerts Public to Cryptocurrency Exchange Scams The Federal Bureau […] Source

XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?

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The XRP price has been experiencing notable movements since the last week of July, closely linked to updates about a potential settlement between the SEC and Ripple. This anticipation has significantly influenced XRP’s market performance, causing a remarkable surge in its price as it skyrocketed from $0.599 to $0.655 in just a matter of hours. Although the price has since corrected, this rapid increase has once again highlighted XRP’s potential and its ability to draw substantial investor interest.  According to a crypto analyst, XRP is just waiting to break out…

Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January

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Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics providers SoSo Value and Ecoinmetrics show that Bitcoin ETFs have been consistently accumulating BTC in their holdings, despite a brief dip in inflows at the start of June. However, since July 1st, inflows have resumed…

Would Bitcoin Fall Below $60,000 Again? Analyst Reveals A Concerning Trend For BTC

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Robert Kiyosaki Urges Investors to Save Bitcoin as Smart Money, Highlighting Trump’s BTC Endorsement

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Rich Dad Poor Dad author Robert Kiyosaki has urged investors to save bitcoin instead of fiat currencies, which he calls “fake money.” He criticized the historical decision to take the dollar off the gold standard and the education system for not teaching about money. Kiyosaki also noted former U.S. President Donald Trump’s endorsement of bitcoin […] Original