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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Ethereum (ETH) has experienced notable price movements recently, currently trading at $3,037. The intraday range has fluctuated between $2,803 and $3,096, with a market capitalization standing at $364 billion. Ethereum The 1-hour ETH/USD chart reveals a recent uptrend beginning at $2,803, marked by a significant bullish candle reaching $3,096 before a slight pullback. A bullish […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-clings-to-3000-threshold-post-rebound/
PRESS RELEASE. RIYADH, Saudi Arabia – July 8, 2024 – Astra Nova, the revolutionary action RPG, is making significant strides as the 1st Web3 game to emerge from Saudi Arabia’s vibrant gaming landscape. Built on Unreal Engine 5, Astra Nova is captivating the gaming community with its innovative approach and immersive gameplay. Currently, Astra Nova […]
https://news.bitcoin.com/astra-nova-the-tier-1-web3-game-booming-with-170000-active-users-pre-token-launch/
According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German government’s wallet now holds 1,205 BTC less than it did yesterday, […]
https://news.bitcoin.com/german-government-moves-1205-bitcoin-amid-price-fluctuations/
Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic of China (Taiwan) will conduct three scenario tests for the digital New Taiwan Dollar. Despite no current […]
https://news.bitcoin.com/taiwanese-central-bank-to-test-cbdc-not-race-to-it/
Donald Trump and other U.S. politicians’ embrace of crypto has sparked hope and encouraged stakeholders who see lobbying as a way to influence policymakers. However, lingering doubts about the sincerity of politicians should serve as a warning, reminding innovators that they thrive when prioritizing users’ needs over political interests. Crypto Emerges as a Key Election […]
https://news.bitcoin.com/global-south-view-us-politicians-arent-saviors-of-crypto-innovation-should-precede-regulation/
Just like oscillators, moving averages (MAs) are indispensable tools in technical analysis, providing traders with insights into price trends and potential market reversals. In this learning and insights article, we’ll delve into the history, types, and application of moving averages leveraged in bitcoin trading, highlighting their significance and utility in the crypto market. The History […]
https://news.bitcoin.com/unveiling-moving-averages-essential-tools-for-bitcoin-trading/
Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […]
https://news.bitcoin.com/putin-on-dedollarization-80-of-russia-china-trade-in-rubles-and-yuan/
Economist Jim Rickards has shared insights on the U.S. dollar’s decline, driven by sanctions and mounting debt, and the potential rise in gold’s value as nations seek alternatives like the BRICS currency. He warns that internal mismanagement is the greatest threat to the dollar’s stability, stating to the U.S. government: “You’re taking confidence for granted. […]
https://news.bitcoin.com/economist-jim-rickards-discusses-us-dollar-decline-and-potential-27000-gold/
Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to 39,826 BTC. Meanwhile, bitcoin has declined 1.7% against the U.S. dollar over the past 24 hours, hovering just above the $57,000 mark. Germany Reduces Bitcoin Holdings to 39,826 Bitcoin This weekend, the German government’s wallet transferred another 1,400 BTC, […]
https://news.bitcoin.com/germanys-bitcoin-wallet-dips-below-40000-btc-after-weekend-transfer/
According to “Project 2025,” initiated by the conservative think tank the Heritage Foundation, there is a strategy aimed at implementing conservative policies effectively within the first 180 days of the next U.S. Presidential Administration. An integral part of this plan, aside from reinforcing the core principles of conservatism, is to eliminate the independence of the […]
https://news.bitcoin.com/project-2025-a-plan-to-reform-the-us-federal-reserve-and-end-its-monetary-dysfunction/
Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin, a Trump 2.0 era could further boost […]
https://news.bitcoin.com/analysts-predict-second-trump-era-could-boost-gold-prices/
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known […]
https://news.bitcoin.com/july-slump-for-bitcoin-what-historical-trends-reveal-about-upcoming-months/
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities […]
https://news.bitcoin.com/canadian-regulator-probe-determines-that-liquitrade-operates-an-illegal-crypto-exchange/
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these claims, stating that Gambaryan is receiving proper care and […]
https://news.bitcoin.com/nigerian-prison-officials-deny-binance-employee-tigran-gambaryan-is-seriously-ill/
UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment and recommends diversified portfolios across various assets, regions, and sectors to navigate political and economic uncertainties. […]
https://news.bitcoin.com/ubs-rates-gold-as-most-preferred-geopolitical-hedge-and-portfolio-diversifier/
⚠️OP-ED⚠️ Donald Trump and various U.S. politicians' support for cryptocurrencies has spurred optimism within the industry, though critics argue that genuine innovation should prioritize user needs over political interests. Despite growing political backing, the article highlights the risks of relying on politicians and emphasizes that innovation should lead before regulation to avoid stifling progress.
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Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by a sharp recovery to approximately $57,500. The support level is firmly established at […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-prices-rebound-following-53550-low/
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative aiming to generate 200 MW by 2026, and more will migrate according […]
https://news.bitcoin.com/rising-power-fees-begin-to-drive-bitcoin-mining-companies-from-paraguay-to-argentina/
Iran and Russia have taken a significant step towards economic cooperation by involving their academic institutions in efforts to dedollarize their economies. The presidents of Iran’s Imam Hossein University and Russia’s Plekhanov University of Economics signed a memorandum of cooperation last week to collaborate on initiatives aimed at reducing reliance on the U.S. dollar in […]
https://news.bitcoin.com/iran-and-russia-sign-academic-cooperation-agreement-to-dedollarize-economies/
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the possible outcomes of the war that Paraguay is waging on illegal (and now legal) bitcoin mining operators, and how this might make the country lose millions of dollars as miners […]
https://news.bitcoin.com/latam-insights-encore-paraguay-anti-bitcoin-mining-stance-is-a-net-negative-for-the-nations-development/
South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, […]
https://news.bitcoin.com/south-korea-launches-continuous-monitoring-for-crypto-transactions/
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack Dorsey Anticipates […]
https://news.bitcoin.com/jack-dorsey-envisions-bitcoin-replacing-us-dollar-foresees-btc-reaching-1-million/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil. Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping […]
https://news.bitcoin.com/latam-insights-paraguay-raises-bitcoin-mining-power-fees-bolivia-praises-stablecoins-as-dollar-proxy/
The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342,000 from interested investors, less than the $500,000 needed to continue before the first established deadline. Bitfinex Securities stated […]
https://news.bitcoin.com/first-digital-debt-offering-fails-to-get-traction-in-el-salvador/
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This […]
https://news.bitcoin.com/bitcoin-network-sees-second-largest-difficulty-reduction-of-2024/
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April […]
https://news.bitcoin.com/two-more-sleeping-bitcoin-addresses-wake-from-slumber-moving-1045-btc/
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard Chartered forecasts Bitcoin hitting $100,000 by November, with a potential boost from a Trump election […]
https://news.bitcoin.com/sleeping-btc-wallets-reactivate-bitcoin-dips-and-more-week-in-review/
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service is expected to be operational by Q4 and will be […]
https://news.bitcoin.com/justin-sun-developing-gasless-transaction-stablecoin-solution-for-tron-and-evm-chains/
Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several […]
https://news.bitcoin.com/robinhood-moves-forward-with-acquisition-of-bitstamp/
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. House Bill 690 […]
https://news.bitcoin.com/north-carolina-governor-vetoes-bill-banning-state-use-of-central-bank-digital-currencies/