Tag: News

Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms – Market Updates Bitcoin News

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During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current uncertainty in the market. Bitcoin’s Current Market Status Looking back at June, bitcoin (BTC) started the month trading around the $30,000 mark, however exactly four weeks ago today, prices fell significantly, with markets still yet to recover from this drop. Between June…

Are You Looking for a Different Launchpad? TAFLaunch Is Coming Soon – Press release Bitcoin News

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press release PRESS RELEASE. Launchpads have gained immense popularity among crypto-enthusiasts in the DeFi space. They give crypto strategists access to early rounds of IDO’s and ICO’s, enabling people to invest in the promising projects and help them see the world. The community members receive lucrative returns, while the funded projects get vital funds for finalizing their architecture and launching into the crypto space. Due to the profitability of early seed round investments and private IDO sales, the launchpad market seems already overcrowded. Still, there is much space for growth…

Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility – Mining Bitcoin News

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According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped by excessive energy demand, Lancium can continue mining without reducing its computational power. Lancium Partners With Broad Reach Power — Exec Says ‘Grid Operators Are Looking for Solutions to Help Address the Challenge of Intermittency’ On July 07, 2022, Lancium, the energy technology and crypto mining…

MATIC Rises for 5th Straight Session, While AAVE Is up Nearly 10% – Market Updates Bitcoin News

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MATIC was one of Friday’s notable movers, as prices of the token rose for a fifth consecutive session. This came as crypto markets were mostly in the green for the majority of the day’s session, with AAVE hitting a two-week high. Polygon (MATIC) MATIC was a notable mover on Friday, as prices of the token rose for a fifth consecutive day of trading. Prices rose to an intraday peak of $0.5933 earlier in today’s session, hitting their highest level since June 26 in the process. This move pushed the token…

Bitcoin Recovers as Blockchain Gaming Sees Huge Investment – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  Bitcoin finally saw some relief yesterday, topping out at around $22,500, as the S&P 500 climbed 1.5%. There is some renewed optimism that the worst of the liquidity crisis may be behind us after SBF’s re-assurance on Wednesday. The only Bitcoin bottom signal for me is persistent data showing us that inflation is convincingly inflecting down. This should result in the Federal Reserve becoming less aggressive with their monetary policy, and therefore provide confidence that the liquidity crisis in the crypto…

Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users – Bitcoin News

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2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition, the platform erased its presence from social media, deleting its account on Twitter. 2gether Reports Bear Market Woes The current downturn in the cryptocurrency market has affected several cryptocurrency exchanges and lenders unable to return funds to customers, having declared bankruptcy,…

BTC Surges Above $22,000 Ahead of NFP Report – Market Updates Bitcoin News

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Ahead of the latest nonfarm payrolls report, bitcoin rose to a multi-week high above $22,000 on Friday. The token climbed to its highest level in over three weeks, whilst ETH also rallied, rising above $1,200 for the first time in nearly two weeks. Bitcoin BTC rallied to a three-week high on Friday, as markets anticipated the release of the latest nonfarm payrolls report. Following a low of $20,382.89 on Thursday, BTC/USD surged to an intraday peak of $22,314.94 earlier today. The move saw bitcoin climb to its highest point since…

Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen – Bitcoin News

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A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure Movement of Funds Kenya’s Asset Recovery Agency (ARA) recently received an order from the High Court to freeze bank accounts holding nearly $60 million which the agency believes to be laundered money, a report has…

Proposal to Set Up Russian Crypto Exchange Circulated in Moscow – Exchanges Bitcoin News

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Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian Authorities Mull Creating Domestic Cryptocurrency Exchange A crypto trading platform may be established at the Moscow Exchange (MOEX), according to a statement by Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. The lawmaker, who has been involved…

Binance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Primed for Crypto Adoption’ – Bitcoin News

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Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond. CZ’s Meeting With the Senegalese President The CEO of Binance, Changpeng Zhao (CZ), tweeted on July 6 that he’d met Senegalese president Macky Sall and the central bank. However, CZ neither shares details of the meeting nor does he identify officials from the central bank that were…