The cryptocurrency market witnessed significant volatility this past week, with BTC experiencing a drastic drop of ten thousand dollars from Monday to Sunday morning. While there were various factors at play, many of them seemed to be closely tied to events in the United States. The week began on a positive note, with Bitcoin’s price
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Over the past few hours, Bitcoin has experienced a significant price drop, falling below the $60,000 mark for the first time in several weeks. This sudden decline has sent shockwaves throughout the cryptocurrency market, with altcoins also suffering losses in response to the crash. Ethereum, for example, has dropped below $2,900, while other popular assets
Recently, the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) made headlines by charging Nader Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving the social media platform BitClout and its native token BTCLT. The complaint filed by the securities regulator shed light on Al-Naji’s alleged misdeeds, revealing that he
The California Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles through the Avalanche (AVAX) network. In partnership with software development firm Oxhead Alpha, this initiative aims to streamline the state’s title transfer process. The new application developed by the DMV will allow users to easily
In recent news, prominent on-chain sleuth ZachXBT has uncovered evidence linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to a series of high-profile hacks involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in the theft of over $530,000 through Solana meme coin scams. On July 2nd, Sydney
Bitcoin miners are experiencing an increase in profitability and a recovery of their hashrate following the recent rally in the price of Bitcoin. As reported by CryptoQuant, the Bitcoin network’s hashrate has rebounded, with only a 3% drawdown from its all-time high compared to 8% in early July. This increase in hashrate is often associated
Bitcoin’s price recently experienced a significant drop following the breakdown of the $64K support level. This drop has positioned the cryptocurrency in a key area that could potentially determine the mid-term fate of the crypto market. The daily chart indicates a continuous drop in price since the creation of a double top pattern at the
Recent economic uncertainty in the United States has had a significant impact on the price of Bitcoin and altcoins. In the span of a few days, Bitcoin’s price plummeted to $60,500, marking its lowest point in almost three weeks. The altcoin market fared even worse, with assets like SOL, TON, and UNI experiencing drops of
Toronto-based Bitcoin mining company, Bitfarms, recently announced that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% year-over-year increase and a 7% rise month-over-month. The company reported that the average operational hash rate for the month stood at 10.3 EH/s, representing a 36% increase from
MicroStrategy, known for being the world’s largest public Bitcoin holder, recently revealed its plans to raise up to $2 billion through the sale of its class A shares. This move was outlined in a regulatory filing with the U.S. Securities and Exchange Commission on August 1st. The company did not provide a specific timeline for
