Cryptocurrency news

• Forget about Ethereum ETFs — Here's what you can do instead

  03-08-2024 23:23 via cointelegraph.com
  Spot Ether ETFs were supposed to set the gold standard for ETH investing. Unfortunately, they still aren't allowed to offer staking.
  
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• Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing

  03-08-2024 22:53 via cointelegraph.com
  The two companies face antitrust probes in the US and EU over their partnership.
  
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• Ethereum Price Crashes Below $3,000 As Revenues Drop To New Lows

  03-08-2024 22:00 via newsbtc.com
  
  Ethereum (ETH) recently dropped below the critical and psychological support level at $3,000, raising concerns for ETH bulls. This development comes amid the continued decline in revenue generated on the Ethereum network.Ethereum Crashes Below $3,000 
  Ethereum is down below $3,000, with this downtrend believed to be due to several factors. One is the outflows, which the Spot Ethereum ETFs have been experiencing since they began trading on July 23. Data from Farside Investors shows that thes
  
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• German quantum breakthrough highlights need for particle physicists in crypto

  03-08-2024 20:58 via cointelegraph.com
  German quantum breakthrough highlights need for particle physicists in crypto
  
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• AVAX On Thin Ice: $21.73 Support Under Siege – What’s Next?

  03-08-2024 20:00 via newsbtc.com
  
  Recent market activities for Avalanche (AVAX) indicate that the bears have gained control over the market, pushing the cryptocurrency toward a critical price target of $21.73. With the bears dominating and market sentiment leaning heavily toward further declines, the $21.73 level has become a key point of interest for market participants.
  This analysis delves into AVAX’s current bearish trend by examining key technical indicators such as Moving Averages and the Moving Average Convergence D
  
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• Opinion | Republicans suddenly love crypto. Americans should beware. - The Washington Post

  03-08-2024 19:00 via news.google.com
  Opinion | Republicans suddenly love crypto. Americans should beware.  The Washington Post
  
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• Nvidia delays next gen AI chip as investors issue ‘bubble’ warning

  03-08-2024 18:54 via cointelegraph.com
  After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.
  
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• Can XRP Rally 1,000X Despite The Drop Below $0.6?

  03-08-2024 18:00 via newsbtc.com
  
  A crypto analyst predicts that the price of XRP, the native token of the XRP Ledger (XRPL) could witness a 1,000X rally soon. Despite the recent significant decline in the cryptocurrency’s price, the analyst remains confident in the future outlook of XRP.  XRP Gears Up For 1,000X Surge
  A crypto analyst identified as ‘Mickle’ on X (formerly Twitter) has shared bullish insights on XRP’s future value, emphasizing the cryptocurrency’s potential to break out of
  
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• Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO - Bitcoin.com News

  03-08-2024 17:16 via news.google.com
  Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO  Bitcoin.com News
  
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• Ethereum Price Under Pressure: Here’s Why $3,000 Is A Critical Level

  03-08-2024 16:00 via newsbtc.com
  
  The Ethereum price has been under intense bearish pressure over the past few weeks, continuing in a downward spiral over the last seven-day period. This horrid run of form has persisted despite the recent launch of spot ETH ETFs.
  According to recent on-chain data, the price of the altcoin seems to be approaching a significant level. This recent price action begs the question — is the Ethereum price in make-or-break season?
  1.7 Million Addresses Purchased ETH At $3,000 – Here’s
  
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• Crypto community slams WazirX’s ‘socialized losses’ plan after hack

  03-08-2024 15:50 via cointelegraph.com
  As WazirX navigates a crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
  
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• Crypto community slams WazirX’s 'socialized losses' plan after hack

  03-08-2024 15:50 via cointelegraph.com
  As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
  
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• BTC price slumps to $62K as Bitcoin bulls bet on M2 money supply

  03-08-2024 15:27 via cointelegraph.com
  Bitcoin offers a modest BTC price comeback after hurtling toward $60,000 in step with stocks worldwide.
  
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• Bitcoin Hashrate Nears Record Levels Amidst Price Decline – Details

  03-08-2024 14:30 via newsbtc.com
  
  According to data from CoinMarketCap, the price of Bitcoin (BTC) has taken a nosedive this week falling by 9.03% to trade below the $62,000 price mark. This negative price action brings the asset’s net gain over the last month to a mere 0.20%, indicating a period equally influenced by both buyers and sellers. As Bitcoin now attempts to find a support level, blockchain analytics platform CryptoQuant has revealed certain elating developments in the token mining space.
  Bitcoin Miners Has
  
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• Alpacas: The Bitcoin (BTC) Mascot that Helped Bring Recognition to Cryptocurrency - DailyCoin

  03-08-2024 14:00 via news.google.com
  Alpacas: The Bitcoin (BTC) Mascot that Helped Bring Recognition to Cryptocurrency  DailyCoin
  
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• Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says

  03-08-2024 13:30 via newsbtc.com
  
  Solana (SOL) has been on a rollercoaster ride of late, with its its value seeing erratic shifts and even retreating in many instances.For Solana, the sharp swings in the market have presented a difficult picture; nevertheless, experts still have optimism. They see this as a passing phase even with the downward pressures. The altcoin’s technical developments point to an interesting future.
  At the time of writing, SOL was trading at $150, down 6.2% and 17.1% in the daily and weekly frames, d
  
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• Crypto leaders, Harris campaign officials to hold roundtable

  03-08-2024 13:30 via cointelegraph.com
  The roundtable hosted by Representative Ro Khanna is an opportunity for the cryptocurrency industry to influence the policy direction of Vice President Kamala Harris’s election campaign.
  
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• Crypto leaders, Harris campaign officials set for roundtable

  03-08-2024 13:30 via cointelegraph.com
  The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration.
  
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• Sen Lummis bill gains swift support with 2,200 letters sent

  03-08-2024 12:01 via cointelegraph.com
  A proposed decentralized network of secure Bitcoin vaults with robust cybersecurity measures aims to minimize digital asset storage risks like theft and hacking.
  
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• 2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

  03-08-2024 12:01 via cointelegraph.com
  Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.
  
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• Trump Floats Bitcoin Payments As Solution To $35 Trillion US Debt Crisis

  03-08-2024 11:30 via newsbtc.com
  
  In a recent interview with Fox News, former President Donald Trump voiced support for using Bitcoin as a tool to help pay down the United States’ $35 trillion national debt as he positions himself for a potential 2024 presidential re-election, while also signaling a notable shift in the Republican party’s stance on digital assets.
  Trump’s Strategy To Tackle $35 Trillion Debt With Bitcoin
  “Crypto is a very interesting thing, very high level in certain ways, intellectually
  
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• XRP, Bitcoin Sentiment Remains Very Positive: Bad Sign For Price?

  03-08-2024 10:00 via newsbtc.com
  Data shows the sentiment around XRP and Bitcoin is quite bullish currently, something that can actually be to the detriment of their prices.
  XRP & Bitcoin Among Coins Observing Positive Sentiment Right Now
  According to data from the analytics firm Santiment, the top cap cryptocurrencies are mainly observing the investors hold a bullish outlook. The indicator of interest here is the “Weighted Sentiment,” which basically tells us about the net sentiment around an asset that’s
  
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• Grayscale Ethereum ETF outflows exceed $2B

  03-08-2024 10:00 via cointelegraph.com
  While Grayscale’s spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.
  
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• Grayscale ETHE outflows continue as Ethereum ETF shows mixed trends

  03-08-2024 10:00 via cointelegraph.com
  Factors such as market performance, management strategies, and broader economic conditions could influence the significant outflows from Grayscale’s ETHE.
  
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• Dogwifhat open interest declines 28% amid fears of a $1.50 ‘likely retest’

  03-08-2024 08:42 via cointelegraph.com
  Crypto traders claim that Dogwifhat will “likely retest” the critical support level as its price and open interest have both plummeted since July 27.
  
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• Dogwifhat open interest declines 28% amid fears of a $1.50 'likely retest'

  03-08-2024 08:42 via cointelegraph.com
  Crypto traders claim that Dogwifhat will "likely retest" the critical support level as its price and open interest have both plummeted since July 27.
  
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• Dogwifhat open interest declines 28% amid fears of $1.50 ‘likely retest’

  03-08-2024 08:42 via cointelegraph.com
  Crypto traders claim that Dogwifhat will “likely retest” the critical support level as its price and open interest have both plummeted since July 27.
  
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• Solana Price Crashes Below $160 Amid Revelations Of FTX’s Hidden SOL Stash

  03-08-2024 08:30 via newsbtc.com
  
  The Solana price has been rocked by the latest bombshell revelations surrounding the collapse of crypto exchange FTX. According to a whistleblower claiming inside knowledge of FTX’s operations, the now-bankrupt company is secretly holding a massive stash of Solana tokens – up to 8% of the entire SOL supply.
  Triggering Fears Of Massive Sell-Off
  By the numbers, if these allegations are true, this would equate to approximately 46.5 million SOL tokens worth about $7 billion at the curren
  
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• OpenAI’s current business model is ‘untenable’ — Report

  03-08-2024 07:02 via cointelegraph.com
  Technology commentator Edward Zitron claims OpenAI will need to make several changes to "survive" beyond two years, but some industry executives disagree.
  
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• Will August Again Be A Drag For Bitcoin? Here’s What Historical Data Says

  03-08-2024 07:00 via newsbtc.com
  
  In the Bitcoin and the overall crypto market, August has long been observed as a quieter month, with historical data showing a consistent downturn in both activity and asset value during this time of the year. Coinbase’s analysis further highlights this pattern in its latest weekly report. According to Coinbase analysts David Duong and David Han, there is a noticeable reduction in trading volumes and a decrease in the market’s dynamism that characterizes the month.
  An Impending Major
  
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• Morgan Stanley Authorizes Advisors To Offer Bitcoin ETF Products, Report

  03-08-2024 05:30 via newsbtc.com
  
  Morgan Stanley, one of the largest investment banks in the United States, has announced that it will soon allow its 15,000 financial advisors to offer Bitcoin ETF (exchange-traded fund) products to eligible clients. 
  Interestingly, this is the first time a major Wall Street bank has given its wealth management division the green light to promote crypto-based investment products.
  Bitcoin ETF Exposure For High-Net-Worth Investors
  According to a CNBC report, sources familiar with the policy ch
  
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• XRP Ledger onchain transactions drop 65.6% in Q2 2024

  03-08-2024 04:44 via cointelegraph.com
  The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter.
  
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• Could Bitcoin Outshine Gold? Trading Guru Weighs In On The Historic Financial Duel

  03-08-2024 04:00 via newsbtc.com
  
  In the digital asset world, the only valid rival for Bitcoin asides Ethereum is often regarded as Gold. So far, many analysts and experts have continued to make comparisons between these two assets especially to see what price Bitcoin could trade at if it had the same market cap as Gold.
  Speaking on a similar topic, Peter Brandt, a trading guru with decades of experience in the trading space has recently shared insights, focusing his analysis on the ongoing rivalry between Bitcoin and gold, posi
  
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• Crypto Analyst Warns That Bitcoin Could Crash To $42,000 If This Happens

  03-08-2024 02:30 via newsbtc.com
  
  In a recent price analysis, a crypto analyst has highlighted a crucial support level for Bitcoin (BTC), emphasizing the possibility for the pioneer cryptocurrency to plummet significantly to new lows if it fails to maintain certain key levels. 
  Bitcoin Risks Crash To $42,000
  On August 1, the pseudonymous crypto analyst DonAlt shared an in-depth price analysis and future outlook of Bitcoin on the TechnicalRoundup YouTube channel. According to the analyst Bitcoin could experience a potential
  
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• Bitcoin whale volume from exchanges hits 9-year high as analysts call BTC price bottom

  03-08-2024 01:20 via cointelegraph.com
  The last time Bitcoin whales moved this many coins from exchanges was when the BTC price was around $220 in 2015.
  
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• ‘Not All Hope Is Lost’: Crypto Analyst Weighs In On The Market’s Performance

  03-08-2024 01:00 via newsbtc.com
  
  As the crypto market faces another drop, a pessimistic sentiment surged again. Some investors seem to fear that altcoins won’t take off this cycle and that they have lost their chance of profiting from the bull run. However, renowned analyst Altcoin Sherpa weighed in on the matter, suggesting that the market is set up to “do well” in the coming months.
  What Makes This Cycle Not Like Others?
  A few months ago, Altcoin Sherpa addressed the pessimistic sentiment brewing among some
  
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• Trump floats paying off $35T national debt using Bitcoin

  03-08-2024 00:22 via cointelegraph.com
  The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
  
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• Why are memecoins down today?

  03-08-2024 00:20 via cointelegraph.com
  Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
  
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