[ad_1] A closely followed crypto analyst says that one Ethereum (ETH) competitor may retest lower levels within weeks. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,200 followers on the social media platform X that Solana (SOL) could decline at least 14% from its current value. “SOL: $125-$150 remains a good place to accumulate SOL. I still believe this will be one of the best retail chains this cycle and much of the memecoin action is still there. Strong reaction [August 6th] but I still think you get another shot at $125 or lower in a…
Author: dfrancis36
[ad_1] After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them. However, the leading cryptocurrency has quickly retraced over 3% in the past few hours, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend. BTC’s CME Gap & Bearish Indicators Crypto analyst Rekt Capital weighed in on the situation, noting Bitcoin’s repeated retracements following unsuccessful attempts to stabilize at higher levels. Rekt Capital pointed…
[ad_1] US Vice President and Democratic presidential nominee Kamala Harris announced Minnesota Governor Tim Walz as her running mate for the November elections. With Walz’s choice, VP Harris and her campaign have not shown clear evidence of supporting the industry. However, a group of “crypto advocates” announced they had come together to support the Democratic nominee and “push” for a friendly stance on the sector. Crypto “Movement” To Support Harris’ Campaign After the announcement of Tim Walz as US Vice President’s running mate, a group of “industry leaders, policy experts, and everyday crypto enthusiasts” announced the creation of an advocacy…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…
[ad_1] “A purely peer-to-peer version of electronic cash”: that’s how Satoshi Nakamoto defined Bitcoin in the original whitepaper. Electronic cash or not, Bitcoin has now attracted the attention of everyone: tech enthusiasts, consumers, traders, investors, bakers, and even regulators.Although Bitcoin dominates the multitrillion-dollar market, there are tens of thousands of other cryptocurrencies; some were developed for particular purposes, while others are based on mere internet jokes.So, the question remains: Does Bitcoin or any other cryptocurrency have the potential to replace existing forms of fiat currencies?Well, the governments of two sovereign countries, El Salvador and the Central African Republic, think so,…
[ad_1] Metaplanet, a publicly listed Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to purchase additional Bitcoin. This comes just days after announcing plans to raise ¥10.08 billion through a stock rights offering, mostly for Bitcoin buys.JUST IN: 🇯🇵 Japanese public company Metaplanet secures ¥1 billion loan to buy more #Bitcoin pic.twitter.com/VNVemLD9cy— Bitcoin Magazine (@BitcoinMagazine) August 8, 2024 Metaplanet first revealed its Bitcoin treasury strategy in May, aiming to hedge against yen depreciation. The firm currently holds around 246 Bitcoins worth $14 million acquired over many buys.The 0.1% APR loan from shareholder MMXX Ventures has a 6-month…
[ad_1] Grayscale Investments, one of the world’s largest crypto asset managers and exchange-traded fund (ETF) issuers has unveiled its latest offerings. On Wednesday, the company announced the launch of two new crypto mutual funds: the Grayscale Bittensor Trust and the Grayscale Sui Trust. Grayscale Unveils Bittensor And Sui Trusts According to the announcement, the Grayscale Bittensor Trust is exclusively dedicated to TAO, the token supporting the Bittensor Protocol, which incentivizes the advancement of open-source artificial intelligence (AI) technologies. In parallel, the Grayscale Sui Trust focuses solely on SUI, the token underpinning the Sui protocol, a Layer 1 (L1) smart contract…
[ad_1] California has now joined in on the rise of crypto regulation globally. According to the latest report, the state’s regulator is setting up new regulatory frameworks aimed at Bitcoin ATMs in Chico. According to data from Coin ATM Radar, the total number of Bitcoin ATMs in Chico currently stands at roughly 347, higher than other regions such as Spain, Hong Kong, and Poland. State And Local Efforts Aligned Regulation During a local government committee meeting on August 7, Andy Pickett, Chief Administrative Officer for Butte County, outlined the dual approach involving state legislation and local governance to manage the “proliferation”…
[ad_1] Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross Formation.” This formation comes against Bitcoin’s recent significant dip on Monday when the asset lost thousands in value, dropping to as low as $49,781. Death Cross And The Implication For Bitcoin A death cross is a technical chart pattern indicating the potential for a major sell-off. It appears on a chart when an asset’s short-term moving average exceeds its long-term…
[ad_1] Cointelegraph has compiled a list of top 8 sources where you can get necessary information about Blockchain technology. Since 2013, Google search for Blockchain has risen 1900 percent. It’s considered one of the hottest technologies on the market, as Blockchain is on the edge of transforming how we all interact in the digital world. Cointelegraph has compiled a list of the top 8 sources where you can get crucial information about Blockchain technology. “Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World” Don and Alex Tapscott, the authors of “Blockchain Revolution” explain with clarity…