Month: August 2024

Hash Ribbon Signals End to Bitcoin Miner Crisis: What’s Next for BTC?

CoinspeakerHash Ribbon Signals End to Bitcoin Miner Crisis: What’s Next for BTC? After the April post-halving event, which cut Bitcoin (BTC) miners’ revenue by half, the mining sector was hit by a profitability crisis (miner capitulation). However, after over three months, the segment’s health has seen improved recovery per the Hash Ribbon metric. Per CryptoQuant, a crypto analytic platform, the metric has flashed an ‘end to miner capitulation’ signal. For context, the metric tracks miner stress or crisis (green) and always coincides with a sharp drop in hash rate (the…

XRP Price Chart Signals Major Breakout: Top 5 Reasons To Watch

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XRP is one of the top performers within the top 100 cryptocurrencies by market capitalization in the past 24 hours. With a price increase of 7%, the XRP price is showing significant bullish momentum, which could continue to expand according to various crypto analysts. Dark Defender (@DefendDark) released a new technical analysis of the XRP/USD pair today that shows a strong bullish trend. According to his latest post on X, “XRP touched the fibonacci zone of 61.80% at $0.6044 & trying to break here. Heikin Ashi candles are bullish &…

State Street Selects Taurus for Crypto Custody, Tokenization

“While we’re starting with tokenization, that’s not where we’re ending,” Milrod said in an interview. “As soon as the U.S. regulations help us out, we will be providing digital custody services as well. We know how to be a custodian. We don’t do that on our balance sheet. We do that off-balance sheet. They’re not our assets.” Source

U.S.-Listed Bitcoin (BTC) Miners Have the Upper Hand Over Unlisted Rivals: Bernstein

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…

Cardano sees highest positive sentiment in 2024 despite 47% slump in five months

Cardano records a resurgence of bullish sentiments despite persistently underperforming in comparison to the broader market. This uptick in sentiment is particularly notable given the broader market context. The crypto market is showing signs of recovery, with Bitcoin (BTC) reclaiming the $61,000 price mark, which has bolstered optimism across major cryptocurrencies.  Despite recently dropping out of the top 10 list of largest assets, Cardano (ADA) is one of the biggest beneficiaries of this optimism. Per Santiment, Cardano’s weighted sentiment score is at an impressive 1.69, surpassing other major assets like…

Crypto Exchange Taps 650 Million Users With New Payment Options

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Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges…

Decentralized Bitcoin Exchange Bisq 2 Adds Support for Lightning Network

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Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network’s off-chain capabilities. Alongside this, Bisq 2.1.0 also features a QR code scanner for easier address and invoice input, enhanced chat functionalities, and improved user […] Original

Exec Predicts Bitcoin Surge No Matter Who Wins US Election

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Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. Related Reading According to Pandl, the fact that Bitcoin has a supply capped makes it an excellent hedge against inflation and monetary debasement as the US government continues to sustain more debt, now approaching a staggering $33.2 trillion. He expects the dollar to…