Cryptocurrency News

Findings from a 10x Research report reveal potential Bitcoin value drop below $50,000 amid US economic uncertainty, impacting the broader crypto market. Recent findings from a 10x Research report reveal a growing concern about the United States’ economic strength, which could have significant repercussions for the crypto market.The report shared with Cointelegraph reveals that Bitcoin’s…Read More

In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead, they focus on activities that support the industry and…Read More

The Bitcoin price saw a 19% drawdown in August, marking its largest drop for 2024 and its steepest monthly decline since June 2022. Bitcoin (BTC) crashed below $50,000 after the Bank of Japan announced that it was raising its interest rate from 0% to 0.25%. This decision directly impacted the US stock market, as traders…Read More

Bitcoin sees a giant $20,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway’s Apple sale takes on new meaning as stocks dive worldwide. Bitcoin starts the first full week of August with a shock as global stock markets see a record-breaking correction.Bitcoin (BTC) price downside is taking everyone by surprise as BTC/USD hits…Read More

Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount. Cryptocurrency hackers saw the ongoing crash market as an opportunity to buy up heavily discounted Ether using stolen funds from previous heists.On Aug. 5, 16,892 Ether (ETH) was bought using stolen cryptocurrency funds linked…Read More

BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, plunging to a market cap of $1.76 trillion. The Bitcoin price has fallen below $50,000 for the first time since February, hitting a low of $49,351 before bouncing back toward the $51,000 mark.As BTC dominance hits 58% amid a collapse in both the…Read More

Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt Generative AI Pan-African technology firm Cassava Technologies is creating a separate business unit to focus on…Read More

Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies…Read More

At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators…Read More

The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64…Read More