Bitcoin is facing a challenging situation as analysts closely monitor the market for key technical indicators and signals to determine its next move. CoinGlass recently reported that the liquidity heatmap is indicating crucial first-test lines at $56,800. This level will serve as a significant point for BTC prices, with potential higher tests if there is
Samsung has officially announced its groundbreaking partnership with Illuvium at Gamescom 2024, with the aim of revolutionizing home entertainment by incorporating Web3 technology. This collaboration is set to bring the Illuvium gaming world directly to living rooms through Samsung’s innovative Web3 TVs, providing players with the opportunity to enjoy the three core games – Overworld,
Atari has once again delved into the world of retro gaming with a modern twist by introducing a revamped version of its classic 1976 game, Breakout. This time around, the game is making a comeback on the Ethereum layer 2 network Base as part of Coinbase’s “OnChain Summer” promotion. The integration of blockchain technology into
In the second quarter of 2024, Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, which marked a 16% decline quarter-over-quarter. This decrease was primarily attributed to the reduction in block rewards as a result of the BTC halving event that occurred on April 19, 2024. Additionally, Bitfarms reported a net loss
Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with an impressive overall score of 570.1. This places ICP as the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of nearly $3.5 billion. Despite experiencing a bull run in March that saw its price soar to nearly
Over the weekend, Bitcoin’s price stabilized at just over $61,000 after a tumultuous week. The cryptocurrency experienced a significant drop from $66,000 to $49,500, its lowest in six months, before bouncing back to nearly $63,000. However, the rally was short-lived as Bitcoin retraced slightly, but it has managed to hold above $61,000 in the past
CoinShares, a leading European investment company, has reported impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023, reaching £22.5 million ($28.5 million). This represents a significant growth of 110% year-over-year from £10.7 million ($13.5 million) in Q2 2023. The substantial increase in
Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August
The crypto exchange Gemini co-founder, Tyler Winklevoss, recently made headlines with his scathing remarks about the Vice President Kamala Harris’ crypto stance reset. In a social media post, Winklevoss labeled Harris’ actions as a “scam” following the Federal Reserve’s crackdown on a crypto-friendly bank. This bold accusation raises significant questions about the motives and implications
The past week has been a rollercoaster ride for Bitcoin and Ethereum ETFs, with significant inflows and outflows impacting the market. The week began with high volatility, leading to a negative note for spot Bitcoin ETFs as nearly $240 million left the market. The trend continued as $168.4 million was withdrawn from the ETFs, with
