The cryptocurrency market is in turmoil as Bitcoin falls below the $55,000 support level! Mt. Gox repayment plan triggers chain reaction
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Tron founder Justin Sun wants to buy Bitcoin held in Germany on the OTC market to prevent market chaos.
Bitcoin’s fall below $58,000 sparked concerns of increased selling pressure due to Mt. Gox wallet activity and large transfers from the German government. But Robert Kiyosaki sees this as a buying opportunity as a bull run will emerge after the crash in late 2025.
Lombard aims to enhance Bitcoin's role in DeFi by introducing LBTC, allowing users to stake Bitcoin for yield while retaining liquidity, bridging traditional finance with blockchain innovation. Backed by a $16 million seed round led by Polychain Capital, Lombard plans to integrate LBTC across major DeFi platforms, promising to reshape the DeFi landscape with cross-chain compatibility.
According to Arkham data, the German government transferred as many as 2,800 Bitcoins on Monday (July 1) and Tuesday. According to the Bitcoin price at the time of writing (61,845USD), the total amount transferred The number exceeded US$170 million.
Tom Lee's prediction of Bitcoin reaching $150,000 by the end of the year depends on the resolution of the Mt. Gox allocation and the approval of a Bitcoin spot ETF. Despite recent market volatility, historical trends and positive investor sentiment suggest that significant price increases are possible.
GRIID Infrastructure Inc., an American-based infrastructure company operating bitcoin mining facilities, has been making significant strides since its inception. Now, with its acquisition by CleanSpark Inc., this promising company is poised to achieve even greater heights.
Bitcoin faces potential sell-off pressure from Mt. Gox repayments but may see recovery with FTX cash repayments later in the year.
Deepfake technology is increasingly used in cryptocurrency scams, impersonating figures like Elon Musk and Lee Hsien Loong to deceive users, resulting in over $79 billion in losses since 2022. This poses a significant threat to financial security and public trust.
Cryptocurrency acceptance is growing among luxury retailers like Ginza Xiaoma, signaling a shift towards digital payments in high-end markets globally. Despite challenges, increased business adoption and regulatory developments suggest a promising future for crypto as a mainstream payment method.
Tesla faces a significant setback in China, recalling 1.6 million cars due to software issues. The move, impacting both imported and domestic models, follows a recent US recall and raises concerns about Tesla's market performance in 2024.
24karat plans to sell NFTs through 1000 AIICO vending machines nationwide, aiming to engage over 100 million monthly users with premium content. This initiative seeks to democratise NFT access, using Flow blockchain and strategic placements to drive wider adoption and market growth.
Bitdeer Technologies Group, a Singapore-based crypto mining platform, has marked a significant milestone by becoming the preferred cloud service provider (CSP) in the Nvidia partner network. This strategic move places Bitdeer at the forefront of AI development in Asia, providing customers access to the cutting-edge NVIDIA DGX SuperPOD with DGX H100 systems through its upcoming Bitdeer AI Cloud.
According to a press release from Tether, Brazil has 34 million unbanked adults.
God Of Musician (G.O.M) introduces the largest music NFT DeFi community in the world. Musicians are allowed to upload their ...
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford.
Crypto mining is a safe, legitimate experience enabling individuals to earn passive income and potentially build wealth from their investments. ...
When the first cryptocurrency Bitcoin appeared, everyone could mine it using the processing power of a personal computer. With the ...
Walmart plans to eventually install 8,000 bitcoin ATMs in the U.S., and has already installed 200 in a pilot program.
Kosovo’s economy minister tweeted that confiscating cryptominers “will save tens of thousands of euros per month” and provide energy for “hundreds of Kosovar households.”