Crypto news

An outage took over Microsoft-based machines on Friday, rendering numerous industries like aviation, railways, and finance dysfunctional or functional at limited capabilities. It happened as CrowdStrike, a cybersecurity firm, released a new update, which went bad. No hackers were involved in the mishap. With that, BTC rallied to over $67,000, starting the day at around $64,000, marking a 5.5% increase in 24 hours. Simultaneously, BlackRock’s spot BTC ETF, the Ishares Bitcoin Trust (IBIT),...

Bitcoin’s price continues to be highly impacted by the political scene in the United States. After the failed assassination attempt against Donald Trump last weekend, this time, news regarding his opponent rattled the markets. However, the cryptocurrency managed to bounce off and return to nearly $67,000 almost immediately. The current US president, Joe Biden, ended his campaign for the 2024 presidential elections an hour ago, saying it was a decision made in “the best...

US District Judge for Columbia Amy Berman Jackson gave Binance’s US entity to invest certain customers’ fiat funds into US treasury bills, which mature over four weeks. Binance must custody the fiat funds it wishes to invest in treasury bills with BitGo and maintain enough funds to honor customer withdrawals always. The court filing read, “Pending before the Court is BAM Trading Services Inc. and BAM Management US Holdings Inc.’s (together, “BAM”) Motion for Relief from the Consent Order...

Windows-based systems worldwide suffered outages as their users reported them entering recovery mode while flashing the infamous blue screen of death (BSOD). The issue was reportedly caused by an automated CrowdStrike update that went wrong. Memecoins emerged shortly after, poking fun at the global fiasco that caused many businesses and institutions to halt work or find workarounds to operate. Industries across the board were affected, including banking, aviation, finance, and railways. No...

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near...

Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...

Italian public sector bank Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo, Italy’s largest lender, conducted a transaction worth 25 million Euros using blockchain technology this past Thursday. With that, Intesa Sanpaolo invested in a bond worth that amount with a four-month maturity period. The transaction happened on the Polygon network, an Ethereum layer 2 blockchain. A press release issued by Intesa Sanpaolo read, “The bond, with a nominal value of €25 million, has a duration...

Bitcoin could potentially reach a “mid-term” price level above $1 million thanks to a series of hyper-bullish developments around the asset, according to crypto investment firm Mechanism Capital. The company’s co-founder, Andrew Kang, wrote to Twitter on Friday explaining why he thinks Bitcoin is performing “stronger than expected” despite several “poor market structure dynamics” that affected it earlier this month. How Fast Can Bitcoin Reach $1 Million? According to Kang,...

As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days. It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin. Bitcoin Soars 11% in Impressive Recovery Despite not being the top performer, Bitcoin surely made waves in the past seven...

Shiba Inu (SHIB) is one of the so-called OG dog-themed meme coins, and it boasts one of the largest online communities amongst all cryptocurrencies in general. While this can be a sign of a thriving ecosystem, it’s also a target for many hackers who are constantly attempting to scam users out of their hard-earned money. That’s why the team behind SHIB often issues critical warnings and urges its community to remain cautious. LUCIE, the marketing lead of the project, recently...