Crypto news

In a constant downward trajectory over the past week, BTC dropped by another 3% on Monday, taking its value below $62,000 and wiping out any gains it recorded last week. The crypto market lost about 7% in value. ETH, ADA, and BNB recorded about the same losses as BTC at over 4%. SOL dropped by 7%, and memecoins collectively fell by 5%. Analysts point to continuous miner selling activity as they continue liquidating their rewards after the Bitcoin halving. Whales and miners have sold over...

Metaplanet Inc., a Japanese investment firm, announced on Monday that its board of directors decided to purchase Bitcoin worth about $6.26 million (1 billion Yen) using capital raised through a round of bond issuance. This announcement caused a sharp spike of 12% in the price of Metaplanet’s stock, indicating community approvals of these purchases. More Bitcoin Buys for Metaplanet In a press statement released on June 24, the Tokyo Stock Exchange-listed Investment company...

Football legend Ronaldinho Gaúcho has hinted at a return to the cryptocurrency scene. On June 23, he posted on X, declaring it was time for the asset class to “go mainstream” and urged his followers to join him. However, this announcement has not been met with enthusiasm. Instead, it caused criticism and skepticism from the crypto community, with prominent on-chain investigator ZachXBT leading the charge. Ronaldinho’s Crypto Comeback Sparks Controversy ZachXBT questioned...

[PRESS RELEASE – Dubai, UAE, June 24th, 2024 BitDoge a new meme coin hosted on the Bitcoin network, has launched its presale, introducing a unique concept by integrating play-to-earn (P2E) mechanics with a Bitcoin-based narrative to engage both gamers and crypto enthusiasts. The BitDoge presale is now live and accessible to the public: https://bitdoge.io/BdjPW0DhkD Key Features and Development Plans BitDoge offers several innovative features aimed at creating a robust and...

[PRESS RELEASE – Newport Beach, California, United States, June 24th, 2024] BioMatrix.ai, a pioneering force in the world of wealth distribution, is proud to announce the launch of Proof of You (PoY) AI Tokens the world’s first free-for-life AI tokens. This groundbreaking initiative seeks to democratize access to digital assets, striving to make Universal Basic Income (UBI) a tangible reality for everyone, regardless of economic status. BioMatrix.ai’s mission is to eliminate...

[PRESS RELEASE – Paris, France, June 24th, 2024] Lingo, the innovative project that seeks to build a rewarding token, is thrilled to announce its Public Presale. As a leading gamified, RWA-powered rewards ecosystem, Lingo is designed for the next billion wave of consumer crypto. Users can stake or quest $LINGO to potentially win real-life rewards. Lingo’s Reward Ecosystem Lingo’s rewards ecosystem partnered with top Web3 projects like Magic Eden, Travala and Fizen. The...

Mt. Gox will begin repaying users affected by its infamous failure to store assets safely starting the first week of July. The defunct exchange underwent one of the most talked-about hacks of all time in 2014, leading to it shutting its doors permanently. Multiple attacks aimed at Mt. Gox for over two years resulted in the loss of 809,000 bitcoins. The attacks went unnoticed until the end. Users will finally receive their share starting early next month. Mt. Gox’s trustee, Nobuaki Kobayashi,...

Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...

Massive movements of a large number of XRP tokens have been taking place throughout the past 24 hours, and many are wondering what’s their purpose. In total, over 70 million worth of XRP has been on the move, part of it going out of known Binance addresses. The first one saw 28,218,783 XRP worth around $13.5 million (at the time of the transaction) transferred from Binance. The second one saw 26,234,427 XRP worth around $12.4M transferred from the exchange. The last one saw...

The Monday massacre continues as the primary cryptocurrency slipped below $60,000 for the first time in nearly two months. The altcoins are in a dire state as well, with several double-digit price losers, as well as many others with 5-10% drops. CryptoPotato reported earlier today the adverse start of the trading week for bitcoin and the rest of the crypto market. Back then, the largest digital asset had lost over two grand within hours and slumped to a 6-week low of...