Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs. So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, accordingContinue Reading
African infrastructure firm lands $150M to launch crypto water token
A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital. South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token. By investing such a tremendous amount, GEM DigitalContinue Reading
Nifty News: NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more
The console’s creators say it will be compatible with eight blockchains and have its own digital wallet, token, and marketplace, with a prototype coming in “a few months.” Polium, a company that markets itself as “building the products and infrastructure for Web3 gaming,” has said it’s launching a gaming consoleContinue Reading
Indian crypto trading volumes slump following hefty taxes
Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet. Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% taxContinue Reading
Institutional investors shorting Bitcoin made up 80% of weekly inflows
Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million. Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of BitcoinContinue Reading
Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime
Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug PeterContinue Reading
Metaverse Domains Are Trending as Minting Goes Live on Quik․com
Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital wallet and held,Continue Reading
Brazil Creates Crypto-Dedicated Investigation Unit
The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about the safe use of cryptocurrencies. Cryptocurrency Crimes Unit LaunchedContinue Reading
Crypto community eyeing three macro events to tip crypto scales in July
Despite the gloomy macro forecasts, some of crypto’s leading pundits view the recent macroeconomic-catalyzed crypto market crash as an overall positive sign for the industry.Continue Reading
ECB officials prepare for ‘harmonization’ of crypto regulations: Report
Regulators from 19 EU member states will reportedly attend a supervisory board meeting in July to discuss MiCA and its possible implementation. The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations forContinue Reading
Celsius pays down 143M in DAI loans since July 1
The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data. Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was tryingContinue Reading
Ethereum Still Shows Signs of BTC Decoupling, USTC, FTX, DOT, Jul. 4
ETH The Ethereum price was -6% lower this week as the coin still suffers from a BTC decoupling. Bitcoin shed almost 4% with a move that dipped below $19k after the failure of the 3AC hedge fund. Ethereum could have a good chance to erase those losses and catch upContinue Reading
Bitcoin Price Prediction for Today, July 4: BTC Stabilizes Above $19,500 Level
The Bitcoin price prediction shows that BTC is trading at $19,795 as the coin seems to be preparing for another upward movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,795 Bitcoin market cap – $378.0 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million BitcoinContinue Reading
Dubai Is Preparing to Take Its Government to the Metaverse
The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by SharadContinue Reading
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that areContinue Reading