Crypto news

On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has rendered several Bitcoin mining machines unprofitable. According to the latest data from f2pool, only six mining machines remain...

The Federal Criminal Police Office (BKA) transferred 3,000 bitcoins worth $172 million on Thursday. On-chain analysis reveals that 1,300 bitcoins were sent to centralized exchanges (CEXs) Kraken, Bitstamp, and Coinbase, and the remaining to an unknown Bitcoin wallet. That translates to about $75 million moved to CEXs and $ 97 million to the unknown address. PeckShieldAlert notified its followers about the BKA’s CEX-related transfers on X, “#PeckShieldAlertThe #Bitcoin address bc1qq0…738z...

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, July 5th, 2024] GoMining, a premier Bitcoin mining operator redefining the industry’s accessibility through their innovative NFTs, each backed with a real share of BTC hashrate, has revealed the upcoming listing of the GOMINING token on the HTX crypto exchange. GOMINING, the utility token of the GoMining platform, will be listed on the HTX crypto exchange on Monday, July 8, according to a joint statement made by HTX...

[PRESS RELEASE – Tokyo, Japan, July 5th, 2024] $DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024. The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP. DOP...

Bitcoin’s price hit new lows, dipping to below $57,000 on Thursday—a price point not witnessed since May when the asset was climbing to achieve highs it had not recorded before. This plunge was aroused by defunct crypto exchange Mt. Gox conducting trial transactions from its wallet and the German Federal Criminal Police Office (BKA) transacting $175 million. Mt. Gox will pay its creditors this month. They lost their bitcoin holdings because of the hack that plundered it, resulting in it...

It has been months since the Nigerian government detained Tigran Gambaryan, Binance’s head of compliance, in Kuje Prison. His wife, Yuki Gambaryan, has complained of continuing health deterioration, stating he is now suffering from “numbness in his foot as well as back pain.” Yuki Gambaryan also mentioned the “double pneumonia and malaria” he contracted in prison. Despite the grave health issues mounting on top of each other, Gambaryan was only taken to a medical facility once. Reports from...

Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued. In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin. Bitcoin’s True Value In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates. “What is still massively undervalued about Bitcoin is that the immutable ledger that Bitcoin runs on is...

TL;DR Bitcoin’s price briefly dropped below $54,000, triggering a market-wide correction, but increased interest in buying BTC suggests some view this as a “buy the dip” opportunity. Metrics like the Relative Strength Index (RSI) and the Fear and Greed Index indicate the asset is oversold and in fear territory, which might be interpreted as a potential signal for a rebound. A Buying Opportunity? Bitcoin (BTC) saw its price plunge by over 5% on July 5, sinking below the...

German Member of Parliament and Bitcoin advocate Joana Cotar has called on the government to halt its rapid Bitcoin sell-offs. Cotar argued that it is neither “sensible” nor “productive” and believes that Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability. Joana Cotar Criticizes German Bitcoin Sell-Offs In a July 4 post on X, Cotar expressed her concerns about the government’s current strategy, stating, “Instead of holding...

Politics is becoming a temporary sector in crypto as pro-election meme coins look to be making a rave in the crypto space. The upcoming US presidential elections will boost coins like MAGA and BODEN, but especially the ETFSswap (ETFS). ETFSwap (ETFS) Provides Quality Value  The ETFSwap (ETFS) trading platform pioneers the tokenization of ETFs and real-world assets and allows investors to own and trade tokenized assets backed by genuine real-world securities purchased from traditional...