[ad_1] Worldcoin (WLD) has been on a rollercoaster ride the past few months. After hitting an all-time high of nearly $12 in March, the coin embarked on a downward spiral, plummeting over 60% in the last three months. This dramatic drop has made investors jittery, with whispers of regulatory woes and profit-taking swirling around the beleaguered token. Related Reading However, a recent surge in price suggests a potential comeback story in the making for the token powering the digital identity application. As of today, WLD sits at $2.27, a modest yet significant rise compared to its November 2023 lows. This…
Author: dfrancis36
[ad_1] Concerns that the Mt. Gox bankruptcy redemptions will drive down the price of Bitcoin (BTC) are largely unfounded, according to Presto Labs’ Head of Research. However, the scenario could be more bearish for Bitcoin Cash. Market Impact Analysis As Bitcoin’s price continues to dip below $60,000, the market has already seen over $200 million in liquidations as the trading day began in Asia on Thursday, CoinDesk reported. The former exchange, Mt. Gox, is set to return approximately $9.5 billion in BTC to its customers. Additionally, it will also distribute 143,000 BCH, valued around $73 million. With Bitcoin Cash’s daily…
[ad_1] The crypto world is no stranger to drama, but Polkadot, the ambitious blockchain protocol aiming to reshape Web3, managed to stir the pot in an unexpected way recently. This time, it wasn’t a groundbreaking technological feat, but a social media post that sent shockwaves through the industry – a potential rebrand to “KOLKADOT.” A Community In Shock, Then Relief The official Polkadot Network account dropped a bombshell on unsuspecting investors with a post proposing a name change to “KOLKADOT.” The internet quickly became a frenzy of speculation. Some worried investors envisioned a complete identity overhaul, while others, perhaps overly…
[ad_1] Options traders are seeing hundreds of millions of dollars worth of losses as Bitcoin (BTC) suddenly plummets below $57,000 and altcoins collapse. According to crypto data aggregator Coinglass, over $379 million in liquidations have occurred in the last 24 hours — nearly 90% of them from leveraged long positions. Binance, the world’s largest crypto exchange platform by volume, hosted the largest amount of liquidations at $181.38 million, followed by $101.07 million on OKX, $47.06 million on Huobi and $37.72 million on Bybit. Coinglass reveals that during the last day, $115.59 million worth of Bitcoin was liquidated, the overwhelming majority…
[ad_1] Crypto expert Michael van de Poppe has highlighted an important indicator which suggests that Bitcoin could make a crucial bounce from its current price level. This follows the flagship crypto’s recent decline below $60,000. BTC’s CME Gap Has Closed Van de Poppe revealed in an X (formerly Twitter) post that Bitcoin’s CME gap has closed and added that it is time for the crypto token to enjoy a relief bounce from its current price level. From the chart he shared, Bitcoin will reclaim $60,000 as support before moving further to the upside. Related Reading: Shiba Inu Starts July On…
[ad_1] Fears of impending selling pressure from the defunct Mt. Gox exchange and potential miner sales pushed Bitcoin (BTC) under $59,000 on Thursday, marking its lowest level since late April. The anticipation of asset distributions from Mt. Gox, set to begin in July 2024, has contributed to the market’s anxiety. Market Impact and Liquidations Mt. Gox, which experienced a major hack in 2014, will start distributing assets to its clients next year. These repayments, made in Bitcoin (BTC) and Bitcoin Cash (BCH), are expected to exert significant selling pressure on both markets. In the past 24 hours, Bitcoin has lost…
[ad_1] Today is America’s Independence Day, a celebration of our freedom from the British Empire and the tyranny of a bureaucracy removed by thousands of miles of ocean ruling over our lives. The Revolutionary War that won us that freedom is not something that happened overnight, or something that just sparked due to one event or circumstance in the short term, it was the result of over a century of an overbearing government influence on the colonists that resided in North America. In the same way, Bitcoin was not a thing born out of the singular event of the Great…
[ad_1] The gaming industry is undergoing a seismic shift with the rise of Play-to-Earn (P2E) games. These innovative platforms allow players to earn real-world value from their in-game activities, transforming the gaming landscape into a lucrative venture for both casual and hardcore gamers. As blockchain technology and cryptocurrencies continue to evolve, P2E games are becoming increasingly popular, offering players the chance to turn their gaming skills into tangible rewards. Here, we review some of the best Play-to-Earn games of 2024, with a special spotlight on the promising IronDoge project.Axie Infinity (AXS)Axie Infinity remains at the forefront of the Play-to-Earn revolution.…
[ad_1] Bitcoin (BTC-USD) slid to a two-month low on Thursday, extending a month-long decline as uncertainty over U.S. presidential elections and reports of bitcoin supply from the defunct Tokyo-based crypto exchange, Mt. Gox, weighed on the market. Bitcoin fell more than 2% to $57,843, its lowest since May 2, and has lost more than 6% so far this week. The world’s largest cryptocurrency has been under pressure in recent months, with its slide accelerating this week following the first debate between U.S. presidential candidates Joe Biden and Donald Trump, which raised the possibility of Biden being replaced as a candidate.…
[ad_1] In the ongoing legal battle between crypto exchange Coinbase and the US Securities and Exchange Commission (SEC), Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media platform X to voice his concerns over the SEC’s attempt to prevent discovery of communications from SEC Chair Gary Gensler. The legal tussle centers around a subpoena issued to Gensler, demanding documents from the SEC chairs communications, both in and out of his role at the SEC. Coinbase Puts Gensler Under The Microscope Grewal stated, “We have responded to SEC’s effort to block reasonable discovery from Mr. Gensler in a case…