Crypto news

After a decade of waiting, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. However, it appears that market players are on edge regarding the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been on a decline since the beginning of June and has failed to build a meaningful upward momentum despite modest ETF inflows. On July 3rd, the price fell under $60,000 briefly followed by a slight...

The FTX saga continues, and this time, Sam Bankman-Fried’s family is involved in committing crimes related to illegal political financing in the US. A WSJ exposé revealed that SBF’s entire family was in on misappropriating FTX customer funds, and their misdeeds are well-documented through email chains the family members were involved in. Those funds witnessed alleged use in influencing the 2022 elections. The legal implications can affect SBF’s father, Joe Bankman, his mother, Barbara Fried,...

Over the past few days, crypto markets have tanked 15% with more than $350 million exiting the space. Monthly support levels have been broken sending crypto assets to their lowest levels since late February as bearish sentiment returns. However, the 28% market correction is nothing new and has happened several times during every market cycle. Crypto Corrections Are Normal Cryptographer and Bitcoin pioneer Adam Back said that prior bull runs had around half a dozen 30%...

Only five miners remain profitable after bitcoin dropped to prices below $54,000, said f2pool, a crypto mining firm.  “With #Bitcoin trading below $58k, what is the current profitability for mining? At a rate of $0.08/kWh, ASICs less efficient than 23 W/T operate at a loss,” the miner said in an X post. The same post displayed a graph showing profitable miners at this price range. Source: f2pool on X At asset prices below $54,000, only four of Antminer’s rigs and one of Avalon’s remain...

The much-awaited Mt. Gox repayment process has begun, with the defunct exchange’s bankruptcy estate moving 47,282 bitcoins, with 140,000 pledged to satisfy creditors. That transaction signals the start of this process, and Mt. Gox’s creditors can witness the assets reaching their wallets in the following days at best. Some may receive it 60-90 days from now, although that timeline is believed to be the worst-case scenario. This repayment process was confirmed last month by Mt. Gox through a...

TL;DR ChatGPT highlighted two cryptocurrencies as top meme coins that could perform well if Bitcoin reaches $100K, due to their strong community support and historical performance. Lesser-known memes like MAGA (TRUMP), Jeo Boden (BODEN), and Kamala Horris (KAMA) could also see gains, additionally influenced by the upcoming US Presidential elections. ChatGPT Picks These Memes Meme coins have been crypto’s rock stars during the latest bull cycle, with Shiba Inu (SHIB),...

BTC’s price plunged to prices unrecorded since May, falling below $57,000 on July 4 to go as low as $55,300. That movement caused over $193 million in leveraged BTC contracts to get liquidated in the past 24 hours, CoinGlass data revealed. Out of that, $154 million in longs, or contracts betting on BTC’s upward price movements, and $39.06 million in shorts, contracts betting on the asset’s downtrends, were liquidated. The liquidations occurred due to BTC prices dropping close to the $55,000...

It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February. It appears that the bulls are now attempting a comeback or, at the very least – a slight recovery. Bitcoin Price Increases Above $56K At the time of this writing, BTC is trading above $56K, charting an increase of around 4% in the past 24 hours. The cryptocurrency had previously crashed to a 5-month low to $53,550, but the...

[PRESS RELEASE – Grand Cayman, Cayman Islands, July 3rd, 2024] ApeBond is thrilled to announce the significant expansion of its DeFi Bonds platform to the Base blockchain. This integration marks the eighth Bonds blockchain expansion since the team began their Bonds journey, representing a crucial milestone in their mission to amplify their reach and provide sustainable, innovative DeFi solutions globally. Set to launch on July 2nd at 17:00 UTC, this event will include several...

[PRESS RELEASE – London, UK, July 6th, 2024] DogeLend, a newly launched ERC20 token, aims to capture the viral appeal of Dogecoin while offering a unique twist. This press release provides news on DogeLend’s concept, market positioning, and strategic plans. The Rise of Dogecoin and Meme Coins Dogecoin, originally created by Billy Markus and Jackson Palmer as a satirical response to cryptocurrency hype, evolved into a significant cultural phenomenon. Its unexpected rise in...