Cryptocurrency news

• Ethereum futures open interest hits 19-month high yet ETH price weakness intensifies

  02-08-2024 23:35 via cointelegraph.com
  Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.
  
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• French regulator accepting CASP applications ahead of MiCA rollout

  02-08-2024 23:32 via cointelegraph.com
  The AMF is giving firms registered under its current DASP rules ample time to transition, too.
  
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• On-Device Proofs Solve DePIN Verification Challenges

  02-08-2024 23:31
  
  Zero-knowledge proofs generated on DePIN devices are the best way to provide robust verification for service, performance, and location data while maintaining decentralization and privacy, argue NovaNet cofounders Wyatt Benno and Houman Shadab.
  
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• ARB Market Plummets 14%, But New Developments Could Reverse The Trend

  02-08-2024 23:30 via newsbtc.com
  
  Arbitrum resumes its drive downward along with the broader market downturn investors are experiencing today. According to the latest market data, ARB is down nearly 14% since last week, putting more pressure on the bulls to slow the bearish tide. 
  However, there are several developments on the platform that might affect investor perception in the long term. These new deployments might make or break the early half of the month for investors and traders alike. Multiple Projects Now Suppo
  
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• MicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — Analyst

  02-08-2024 23:09 via cointelegraph.com
  The valuation assumes continued aggressive Bitcoin buying by Microstrategy.
  
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• Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

  02-08-2024 23:00 via cointelegraph.com
  This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
  
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• The USA can (and should) dedicate more energy to Bitcoin mining

  02-08-2024 22:37 via cointelegraph.com
  Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
  
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• Ex-Binance adviser to join Kamala Harris campaign: Report

  02-08-2024 22:30 via cointelegraph.com
  The prospective Democratic nominee’s position on crypto and blockchain was still unclear, but officials connected to the industry are reportedly getting on board.
  
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• Bitcoin traders risk-off as BTC price falls to $62K — Is a generational bottom approaching?

  02-08-2024 22:18 via cointelegraph.com
  Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?
  
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• Jamie Dimon bashes partisan politics in presidential election op-ed

  02-08-2024 22:12 via cointelegraph.com
  The JPMorgan boss didn’t mention any candidates by name, but his message left little doubt about whom he was referring to.
  
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• Bankrupt crypto firm Genesis completes restructuring

  02-08-2024 22:03 via cointelegraph.com
  In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets.
  
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• Fox’s Tucker Carlson Drops Bombshell: Did The CIA Create Bitcoin?

  02-08-2024 22:00 via newsbtc.com
  
  The real identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery despite Bitcoin being a decade and a half old. It has become the best kept secret in crypto, leading to various theories of who the creator might be. Many theories have pointed to prominent figures, with software developer Craig Wright claiming he’s the creator. However, Fox Television’s Tucker Carlson has gone down a different route, fingering a United States intelligence agency as the creator.
  Did
  
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• AI Predicts Top 3 Cryptocurrency to Buy if Ripple Wins SEC Case - Watcher Guru

  02-08-2024 21:32 via news.google.com
  AI Predicts Top 3 Cryptocurrency to Buy if Ripple Wins SEC Case  Watcher Guru
  
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• As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

  02-08-2024 21:23
  
  Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn't yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the "rapid response" campaign
  
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• Lido launches institutional-grade liquidity staking solution

  02-08-2024 20:45 via cointelegraph.com
  The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.
  
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• Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies

  02-08-2024 20:35 via cointelegraph.com
  Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
  
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• Research Firm Predicts Bullish Bitcoin Breakout For Q4: 4 Key Reasons

  02-08-2024 20:30 via newsbtc.com
  Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks.
  #1 Narrowing Trading Range Signals Breakout
  Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price
  
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• Bitcoin network difficulty reaches record high amid price volatility

  02-08-2024 20:21 via coinjournal.net
  
  Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024.
  Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security.
  Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000Bitcoin has set a new record for network difficulty, reaching 90.67 trillion on August 2, 2024 according to data on CoinWarz.This milestone represents a significant rebound following three months of declining difficult
  
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• How DePINs Address AI's GPU Gap and Ethics Problems

  02-08-2024 20:15
  
  The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir.
  
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• Kamala Harris supporting crypto could impact vote in key states — think tank

  02-08-2024 20:03 via cointelegraph.com
  The race between presumptive Democratic nominee Kamala Harris and Donald Trump is expected to be close in November — could crypto make a difference?
  
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• Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

  02-08-2024 19:35
  
  The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
  
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• Price analysis 8/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

  02-08-2024 19:32 via cointelegraph.com
  The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
  
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• Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

  02-08-2024 19:24 via coinjournal.net
  
  Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring.
  Genesis will return $3B to creditors, covering 77% of customer claims.
  Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan.Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and 256,775 ETH, worth about $838 million, to various addresses.
  This substantial transfer of assets is seen as part of the company’s ef
  
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• Mining company CleanSpark sold only 2.54 Bitcoin in July

  02-08-2024 19:23 via cointelegraph.com
  CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year.
  
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• Morgan Stanley wealth managers to embrace Blackrock, Fidelity Bitcoin ETFs: Report

  02-08-2024 19:17 via cointelegraph.com
  Winning over the $3.75 trillion financial advisory firm is a historic milestone for crypto.
  
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• Tech stocks plummet as Intel nosedives, Nvidia faces antitrust probe

  02-08-2024 19:14 via cointelegraph.com
  It’s layoff season again as big tech and the semiconductor industry fail to meet investor expectations.
  
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• Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst

  02-08-2024 19:00 via newsbtc.com
  Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000.
  Before then, traders are closely monitoring price action aware that there could be more losses, pushing the coin below $60,000. Amid this, some analysts are bullish in the long term, ignoring short-term price volatility.
  Bitcoin Remains B
  
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• Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

  02-08-2024 18:43 via coinjournal.net
  
  Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees.
  New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia.
  Futu seeks a crypto exchange license for PantherTrade amid Hong Kong’s crypto hurdles.Futu Securities International, Hong Kong’s largest online broker, has introduced retail cryptocurrency trading in the city, marking a significant advancement in its financial services.
  The brokerage firm, known for its extensive reach and
  
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• Decentralized AI gains ground as more protocols collaborate

  02-08-2024 18:18 via cointelegraph.com
  Lumerin, Morpheus and Exabits are working together to build a blockchain-based AI agent economy, but talent and time constraints still pose challenges.
  
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• MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

  02-08-2024 18:11
  
  The broker raised its year-end price target for the software company to $2,150 from $1,875.
  
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• France Opens for MiCA Applications, First Among Biggest EU Economies

  02-08-2024 18:06
  
  France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.
  
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• Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

  02-08-2024 17:41
  
  Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.
  
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• Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

  02-08-2024 17:30 via newsbtc.com
  
  Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders. 
  Cardano Matches Ethereum In Large Transaction Volume
  Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing a similar large transaction volume as Ethereum. In the last 24 hours, Cardano recorded a large transactio
  
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• Lehigh County man lost over $62K in cryptocurrency scam, cops say - lehighvalleylive.com

  02-08-2024 17:20 via news.google.com
  Lehigh County man lost over $62K in cryptocurrency scam, cops say  lehighvalleylive.com
  
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• Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

  02-08-2024 17:13
  
  The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
  
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• Make America Mine Again: How Donald Trump's Plan for U.S. Bitcoin Dominance Could Trigger a New Digital Gold Rush

  02-08-2024 17:03
  
  The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
  
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• Trump made many promises to Bitcoiners — Can he keep them?

  02-08-2024 16:24 via cointelegraph.com
  The Republican nominee for US president pledged to commute Ross Ulbricht’s sentence, fire SEC Chair Gary Gensler, and have all Bitcoin mined in the United States.
  
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• Sharpe AI Announces $SAI Token Listing on Gate.io

  02-08-2024 16:08 via crypto-news.net
  
  Tortola, British Virgin Islands, August 2nd, 2024, Chainwire Sharpe AI , an AI-powered crypto super-app for traders, has announced the listing of its token $SAI on Gate.io followed by more exchanges starting at 1 pm UTC, 5th August, 2024. The token will be available in the trading pair USDT, setting the stage for a new chapter…
  The post Sharpe AI Announces $SAI Token Listing on Gate.io appeared first on Crypto-News.net.
  
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• Protocol Village: Arthur Hayes Releases NFT Collection 'Airheads' on Bitcoin Ordinals

  02-08-2024 16:03
  
  The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.
  
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• PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?

  02-08-2024 16:00 via newsbtc.com
  
  PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark.
  This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the cr
  
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• Cryptocurrency Prices And News: Bitcoin Rebounds Above $65,000, Coinbase Climbs - Investor's Business Daily

  02-08-2024 15:56 via news.google.com
  Cryptocurrency Prices And News: Bitcoin Rebounds Above $65,000, Coinbase Climbs  Investor's Business Daily
  
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• CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

  02-08-2024 15:51
  
  The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
  
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• Next-gen AI and cryptocurrency trading - FXStreet

  02-08-2024 15:17 via news.google.com
  Next-gen AI and cryptocurrency trading  FXStreet
  
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• Hong Kong broker offers new customers deposit bonuses in Bitcoin

  02-08-2024 15:16 via cointelegraph.com
  With the inclusion of Bitcoin rewards, Futu Securities aims to attract a new wave of investors.
  
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• 4 crypto price analysis platforms that can improve your trades

  02-08-2024 15:10 via cointelegraph.com
  Crypto analytics platforms can vary widely depending on various factors, including price, investment focus and tracking abilities.
  
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• EU MiCA implementation is a “pivotal moment” for crypto regulations: compliance expert

  02-08-2024 15:05 via cointelegraph.com
  The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.
  
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• EU MiCA implementation a ‘pivotal moment’ for crypto regulations — Compliance exec

  02-08-2024 15:05 via cointelegraph.com
  The European Central Bank recently joined forces with Crystal Intelligence as its blockchain analytics partner for the upcoming MiCA implementation.
  
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• This Cryptocurrency Is Set to Soar in 2024: 3 Reasons to Buy It Now and Hold Forever - The Motley Fool

  02-08-2024 15:02 via news.google.com
  This Cryptocurrency Is Set to Soar in 2024: 3 Reasons to Buy It Now and Hold Forever  The Motley Fool
  
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• ARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M of Coinbase stock

  02-08-2024 14:54 via cointelegraph.com
  Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
  
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• ARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M in Coinbase

  02-08-2024 14:54 via cointelegraph.com
  Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
  
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