The recent price situation of Bitcoin has taken a turn for the worse as the cryptocurrency plummeted to under $60,000 for the first time in several weeks. This steep drop has sent shockwaves throughout the entire crypto market, causing significant volatility and panic among investors. The impact of Bitcoin’s decline has been felt even more
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Nader Al-Naji, the founder of BitClout, a social media platform, has recently come under fire by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). Both regulatory bodies have charged Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving BitClout’s native token BTCLT. The SEC’s complaint alleges that Al-Naji raised
California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernizing its operations by digitizing 42 million car titles through the Avalanche (AVAX) network. This collaboration with Oxhead Alpha aims to streamline the state’s title transfer process, making it more efficient and transparent for users. The initiative will soon allow residents to claim
Recently, on-chain investigator ZachXBT brought to light evidence linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to the compromising of American actress Sydney Sweeney’s and ‘Breaking Bad’ actor Bob Odenkirk’s X accounts. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell victim to
Recent reports indicate that the Bitcoin network hashrate has significantly recovered following the cryptocurrency’s rally to the $69,000 range. This recovery has led to a decrease in selling pressure from miners, largely due to an increase in their profitability. According to CryptoQuant analysts, the drawdown from the all-time high of the hashrate now stands at
Bitcoin’s price took a significant hit recently as it fell below the crucial $64K support level. This drop has put the cryptocurrency in a key area that could potentially determine the market’s mid-term fate. On the daily chart, it is clear to see that the price has been on a downward trend ever since forming
The recent economic uncertainty in the United States has taken a toll on the cryptocurrency market, with Bitcoin experiencing a sharp decline in price. In the past day, the asset plummeted to $60,500, marking its lowest point in nearly three weeks. This steep drop has also affected altcoins, such as SOL, TON, and UNI, which
Bitfarms, a Toronto-based Bitcoin mining company, recently announced that its operational hash rate had reached 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’s average operational hash rate for the month was 10.3 EH/s, representing a 36% increase from June. Despite facing a
MicroStrategy, the prominent Bitcoin holder, recently disclosed its intention to raise up to $2 billion by selling its class A shares. This announcement was made in a filing with the U.S. Securities and Exchange Commission, indicating the company’s strategic move towards acquiring more Bitcoin. Despite the lack of a specific timeline for the share sale,
Cryptocurrency trading is gaining momentum in Hong Kong, with Futu Securities International leading the way as the largest online broker in the city-state to offer retail crypto trading. This move has attracted investors with the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with
