Over the weekend, Bitcoin experienced a significant drop in price, falling below the $60,000 mark for the first time in weeks. This downward trend was also reflected in the altcoin market, with Ethereum dropping below $2,900 and other coins such as SOL, DOGE, and BCH seeing losses of 6-7%. Last weekend was marked by volatility
Crypto
Nader Al-Naji, the founder of BitClout, a social media platform, has found himself in hot water with the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). Both regulatory bodies have charged Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving BitClout’s native token, BTCLT. The SEC’s complaint against Al-Naji alleges
California’s Department of Motor Vehicles (DMV) has taken a bold step in modernizing its operations by digitizing 42 million car titles using the Avalanche (AVAX) network. This move is part of a collaborative effort with software development firm Oxhead Alpha to streamline the state’s title transfer process. By embracing blockchain technology, the DMV aims to
In recent news, there has been a shocking revelation linking convicted UK hacker Gurvinder Bhangu, known as Gurv, to the high-profile compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk’s accounts. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. Renowned on-chain detective ZachXBT uncovered compelling evidence pointing
Bitcoin’s recent price drop below the $64K support level has put the cryptocurrency in a critical position. The double top pattern at the $68K resistance level indicates a bearish trend, with the price now testing the 200-day moving average. The failure to hold above this level could lead to a more significant decline towards $52K.
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
The recent economic uncertainty in the US has had a significant impact on the cryptocurrency market, particularly on Bitcoin. In the past day or so, Bitcoin’s price has plummeted to $60,500, marking its lowest point in almost three weeks. This downward trend was exacerbated by the weak job report in the US, which indicated a
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
MicroStrategy’s recent announcement regarding their plans to raise up to $2 billion through the sale of its class A shares has generated significant interest in the cryptocurrency community. This move comes as the company aims to bolster its Bitcoin holdings, further solidifying its position as the world’s largest public Bitcoin holder. The decision to raise
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,