Tag: Report

Bitcoin Holds $58K Ahead of U.S Inflation Report

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Bitcoin (BTC) held its $58,000 price level throughout the European morning before a U.S. inflation report due at 8:30 ET (12:30 UTC). Following a dip toward $57,000 at about 3:30 UTC, BTC is sitting around $58,400 at the time of writing, down 0.34% in the last 24 hours. The CoinDesk 20 Index, which offers a measurement of the broader digital asset market, has risen around 0.2%, suggesting traders are sitting on their hands waiting for the CPI report, which will offer the latest indication on the prospect of a cut…

Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low

Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […] Source CryptoX Portal

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

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Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […] Original

Cambodia’s Online Marketplace Huione Guarantee Hosts Merchants Linked to Global Scams Worth $11 Billion: Report

Wired said the platform, which provides deposit and escrow capabilities for peer-to-peer transactions conducted over the Telegram messaging system, hosts listings that can be used for activities including deepfake scams, money laundering and so-called pig butchering, in which a victim is wooed before being financially drained by their apparent admirer. Source

Malaysia lost over $755m due to illegal Bitcoin mining since 2018: report

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Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over $755 million) in West Malaysia due to illicit Bitcoin mining activities from 2018 to 2023, The New Straits Times reports, citing Akmal Nasir, deputy minister of energy transition and water transformation of Malaysia. While Nasir admitted that crypto mining activities constitute a small fraction of total energy consumption, they had…

stUSDT Published Security Audit Report By ChainSecurity and Whitepaper

PRESS RELEASE. Singapore – July 9, 2024—stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper are now available on stUSDT’s official website. This initiative demonstrates stUSDT’s commitment to safeguarding user assets and strengthens its position as a […] Source CryptoX Portal

Crypto Exchanges in South Korea Address Rumors of Mass Altcoin Delistings, Say Fears Overblown: Report

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Crypto exchanges in South Korea are reportedly trying to dispel fears that the country’s new digital asset law could lead to a widespread delisting of cryptocurrencies. South Korea will enforce its first digital asset user protection law on July 19th. The legislation will require crypto exchanges to review their altcoin listings and assess the reliability of the coins’ issuers, user protection measures and compliance with regulations. In a new report, Bloomberg says that the country’s crypto exchanges are now pushing back on the idea that the Virtual Asset User Protection…

Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates

According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At the June 11-12 meeting, the FOMC highlighted that although inflation has […] Source CryptoX Portal

Bitcoin miner Genesis Digital Assets eyes IPO in US: report

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Alameda-backed crypto miner Genesis Digital Assets is reportedly in discussions with advisors about launching a pre-IPO funding round within the coming weeks. Genesis Digital Assets (GDA), a Bitcoin mining firm headquartered in Texas, is considering an initial public offering (IPO) in the U.S., despite significant investment from the now-disgraced hedge fund Alameda Research, founded by Sam Bankman-Fried. According to a Bloomberg report, the company is actively engaging with advisors to expedite its IPO plans, targeting a pre-IPO funding round as soon as in the “coming weeks.” It remains unclear if…