XRP has captured market attention with a 6% surge, raising speculation about potential gains should it break through the key $0.60 resistance level. As the cryptocurrency climbs closer to this crucial resistance level, traders are eager to see if it can maintain…
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Crypto Experts Say XRP Will Struggle To Reach $1 and That Investors Should Buy Mpeppe
As Ripple (XRP) continues to experience fluctuations in the cryptocurrency market, many experts are expressing doubts about its ability to reach the much-anticipated $1 mark. Despite a recent uptick in its price, the consensus among analysts is that XRP may…
Breaking Down Dirty Coin: The Documentary That Shatters Bitcoin Mining Myths
Bitcoin mining has long been embroiled in controversy. From Greenpeace’s high-profile “Change the Code, Not the Climate” campaign to Alex DeVries’ exaggerated claims about Bitcoin’s growing “water footprint,” the media often portrays Bitcoin mining as an environmental disaster in the…
Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
Ledn, a leading digital lending platform, has officially secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with ~$4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Ledn and…
Bank of Ghana Unveils Proposed Virtual Asset Regulations
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to…
Seychelles Approves Bill on Virtual Asset Regulation
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff.…
Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?
On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel…
Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC
Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their…
Democrats Exclude Bitcoin And Crypto From 2024 Platform, Aligning With Past Hostility
The Democratic Party’s official 2024 platform was released today on day one of the Democratic National Convention (DNC), without any mention of Bitcoin or cryptocurrency. This decision aligns with the past four years of the Biden-Harris administration’s hostility towards the industry. …
94% of Bitcoin’s Supply Has Now Been Issued
A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s…