The price of Bitcoin failed to capitalize on its recent momentum over the past week, losing its hold above $60,000 yet again in August. As of this writing, the premier cryptocurrency is valued at $59,131, with no significant price change…
Blog
TIA Down 23% In A Week, As Investors Eye New On-Chain Projects
With the crypto market eyeing to end August on a sour note, the altcoin sector saw more pain in the short term after the broader market dipped in the past 24 hours. This led to altcoins like TIA facing significant…
Australian Spot Bitcoin ETF Keeps on Buying
Australia’s two spot Bitcoin ETFs—the VanEck Bitcoin ETF and Monochrome’s IBTC—have steadily accumulated Bitcoin holdings since launching earlier this year. The sustained inflows highlight growing Bitcoin demand in the region. The VanEck Bitcoin ETF debuted on the Australian Securities Exchange…
Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables
Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA’s commitment to Texas as a mining hub,…
New Altcoin Attracts Ethereum (ETH) and Polygon (MATIC) Holders – Could This Be Crypto’s Next Big Thing?
With Ethereum whales offloading a significant amount of tokens and Polygon’s price chart flashing bearish signals, it only makes sense for savvy traders to turn to better-performing altcoins right now. Rollblock’s ($RBLK) utility token has already rallied 140% since the…
Could Solana’s New Staking Tokens End Ethereum’s Dominance?
Binance, Bybit, and Bitget plan to launch liquid staking tokens on Solana, diversifying DeFi activities. New tokens like BBSOL, BGSOL, and BNSOL will allow users to earn returns while securing the blockchain. Binance, the world’s largest cryptocurrency exchange by trading…
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a…
Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the…
How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In
As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts,…
Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a…