Category Archive: Cryptocurrency, No picture
Crypto.com partners with Unstoppable Domains for Web3 domain sale
Key Takeaways Crypto.com and Unstoppable Domains offer 200 premium Web3 domains priced from $20 to $10,000. Web3 domains provide full ownership rights and support native crypto payments. Crypto.com and Unstoppable Domains have partnered to offer 200 premium Web3 domains in a flash sale. The domains will be available through Crypto.com’s platform, with prices ranging from […]
Bitwise faces $2 million lawsuit over alleged investor fraud
Key Takeaways Bitwise faces $2 million lawsuit from investors over alleged misrepresentation of fund conversion. Plaintiffs claim Bitwise engaged in “pump and dump” scheme, leading to significant financial losses. Asset management firm Bitwise faces a $2 million lawsuit from investors alleging fraud and misrepresentation. The Mukamal family, through their Vandelay Industries entities, claim Bitwise misled […]
Bitcoin struggles to break key level amid easing selling pressure from German government
Key Takeaways Bitcoin’s early peak at $59,300 fell short of the $60,000 threshold. German government’s reduced Bitcoin holdings may influence market dynamics. Bitcoin’s price reached a high of $59,300 early Wednesday but failed to break the key $60,000 level, according to data from TradingView. The struggle came amid a decrease in selling pressure from the […]
Bitcoin transaction fees hit four-year low amid miner capitulation concerns
Key Takeaways Bitcoin transaction fees have decreased to $38.69, a low last observed during 2020. Despite lower fees, Bitcoin miners processed 673,752 transactions on July 7. Bitcoin transaction fees reached a four-year low of $38.69 on July 7, a figure last observed during the peak of the COVID-19 pandemic in 2020. This sharp decline in […]
Ronaldinho shills Solana-based meme coin on Instagram
Key Takeaways Ronaldinho’s Instagram endorsement boosted Water Coin’s value temporarily. Skepticism surrounds Water Coin’s legitimacy due to potential pump-and-dump risks. Legendary footballer Ronaldinho Gaúcho recently posted a story on his Instagram account promoting the Solana-based token Water Coin (WATER) to his 76.6 million followers. The move comes after Lionel Messi’s similar post sent WATER’s value […]
Bitcoin price shows “first signs of stability” after last week’s crash, says trader
Key Takeaways Trader Rekt Capital observes initial signs of stability in Bitcoin’s daily chart structure post-crash. Key price levels for Bitcoin recovery include $60,600 weekly close and $58,790 quarterly close. Bitcoin’s (BTC) daily chart structure is showing its first signs of stability after the crash seen last week, according to the trader who identifies himself […]
Bitcoin DeFi is far from failing, popularity is “not that far away”: Bitlayer co-founder
Key Takeaways BTCfi tokens are down 23.4% in 2024, but the ecosystem’s TVL has increased over 100%. Three main factors are slowing BTCfi adoption: market distractions, user experience issues, and overall crypto market conditions. The tokens from the Bitcoin decentralized finance (BTCfi) sector are down 23.4% on average in 2024, according to data from Artemis. […]
Selling airdrops on launch day is “almost always” the best move, data suggests
Key Takeaways 23 out of 31 airdropped tokens have declined in value since their launch day. Two surprise meme coin airdrops with low initial valuations showed the best returns for holders. Among the 31 airdropped tokens that are within the Top 500 in market cap, only 8 are up compared to their price on launch […]
Worldcoin opens World Chain L2 for developer preview
Key Takeaways World Chain developer preview allows early testing and feedback before the mainnet launch. The network aims to be governed independently by its community. The Worldcoin Foundation has launched a developer preview of World Chain, its upcoming Layer 2 network. This preview enables a limited number of developers to explore, build, and test the […]
USDC weekly volume soars 155% in 2024 following MiCA implementation
Key Takeaways USDC’s weekly trading volume surged to $23 billion in 2024, up from $5 billion in 2022. USDC’s market share on CEXs rose from 60% to over 90% after Binance re-listing in March 2023. The new requirements on stablecoin issuers applied by the European Markets in Crypto-assets Regulation (MiCA) are boosting the demand for […]
