As bitcoin experiences another retreat, analysts are closely examining technical indicators to gain insights into its next direction. One such indicator is the liquidity heatmap, which recently highlighted key first-test lines at approximately $56,800. According to CoinGlass, if BTC prices successfully bounce off this level, it may test higher ones. However, a weaker bounce could
Crypto
Toronto-based Bitcoin mining company Bitfarms recently reported a total revenue of $42 million, representing a 16% decline quarter-over-quarter. This decrease is primarily attributed to the reduction in block rewards following the BTC halving event that took place on April 19, 2024. Bitfarms also reported a significant net loss of $27 million, or $0.07 per share.
Over the weekend, Bitcoin regained stability with its price hovering just above the $61,000 mark. This comes after a tumultuous period where the primary cryptocurrency experienced significant price fluctuations. Interestingly, most altcoins have shown positive growth, with Binance Coin (BNB) and Dogecoin (DOGE) standing out as the top performers among the larger caps. This shift
Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with an overall score of 570.1. This reflects the growing interest in ICP, which is the second-largest in the Artificial Intelligence (AI) realm with a market capitalization of nearly $3.5 billion. Despite experiencing a bull run earlier this year, with its
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. The earnings report revealed that CoinShares generated revenue of £22.5 million ($28.5 million) in Q2 2024, marking a significant 110% year-over-year growth from the £10.7
The recent data regarding the inflows and outflows of spot Bitcoin ETFs over the past week have been quite turbulent. At the start of the week, a massive $240 million left the eleven funds, marking their worst day in terms of flows in three months. This negative trend continued with $168.4 million being withdrawn from
In the late 1990s, during one of Berkshire’s annual shareholder meetings, Charlie Munger famously stated, “The first $100,000 is a b—-, but you gotta do it.” He emphasized the importance of finding a way to get your hands on $100,000, no matter the sacrifices. In the world of Bitcoin, there are now over 450,000 BTC
Celsius, a company that previously filed for bankruptcy, is now seeking to recover funds by suing Tether for what they claim to be an improper liquidation of more than $800 million worth of BTC. The lawsuit was filed in the US Bankruptcy Court for the Southern District of New York and alleges that Tether breached
Recently, Ripple reached a settlement with the US Securities and Exchange Commission (SEC) regarding a lawsuit over securities violations. The outcome of the settlement was a $125 million fine imposed on Ripple, a far cry from the initial demand of $2 billion by the regulatory body. This development has been seen as a significant victory
The aftermath of the long-awaited conclusion to the settlements phase of the trial left Ripple with a much smaller fine than initially expected by the SEC. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just over $125 million, contrasting sharply with the $2 billion fine
