Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Coinbase, a major cryptocurrency exchange, announced it will not participate in the upcoming token merger between Ocean Protocol (OCEAN) and Fetch.ai (FET) to form the Artificial Superintelligence Alliance (ASI). This decision, revealed on June 26th, 2024, stands in contrast to the planned merger process. While Coinbase will delist neither OCEAN nor FET, they won’t handle … Read more
The price of Bitcoin (BTC) surged to $61,000 on Thursday, June 27th, 2024, marking a significant upswing in recent weeks. This bullish trend is attributed to two key factors: inflows into Bitcoin exchange-traded funds (ETFs) and a growing sense of confidence within the cryptocurrency market. ETF Injections Fueling Demand Recent weeks have witnessed a surge … Read more
A Bitcoin miner wallet, dormant since the early days of the cryptocurrency, has sprung back to life after 14 years. On-chain data reveals that the wallet transferred 50 BTC, valued at approximately $3 million, to the Binance cryptocurrency exchange. This unexpected activity has piqued the curiosity of the crypto community. The wallet in question received … Read more
Japanese firm Metaplanet is making a bold move amidst the weakening yen by investing one billion Japanese yen (approximately $6.5 million USD) into Bitcoin. This strategic decision comes as the yen faces significant economic pressures, including long periods of negative interest rates and a staggering national debt. Why Bitcoin? Metaplanet views Bitcoin as fundamentally superior … Read more
This week’s massive $9.25 billion Bitcoin options expiry is a pivotal event for the cryptocurrency market, with both bulls and bears eagerly anticipating the outcome. The expiry, which is set for June 28th, has the potential to significantly impact Bitcoin’s price trajectory in the short term. Bullish vs. Bearish Bets The open interest for Bitcoin … Read more
Marathon Digital, a major Bitcoin mining company, is dipping its toes into new waters. In a recent announcement, the company revealed it has mined $16 million worth of Kaspa (KAS) tokens since September 2023. This move signifies a strategic effort to diversify revenue streams beyond Bitcoin (BTC). Kaspa, a cryptocurrency designed to address scalability issues … Read more
Hong Kong is making significant strides in establishing itself as a major player in the cryptocurrency and blockchain space. Recent developments indicate a strong focus on decentralized finance (DeFi) and the metaverse, signaling a potential shift in the global crypto landscape. Government Support for Crypto Innovation The Hong Kong government has expressed a clear interest … Read more
Shiba Inu (SHIB), the popular meme coin, might be due for a comeback as on-chain data suggests a slowdown in selling activity. Investors are cautiously optimistic after a significant decline in the number of SHIB tokens transferred to exchanges, often a precursor to selling. This positive development follows a period of intense selling pressure, potentially … Read more
In a significant development impacting cryptocurrency traders and enthusiasts, Binance.US has declared its decision to suspend operations in Washington State effective August 20th. This move follows regulatory challenges and compliance requirements that have emerged in the state, prompting the exchange to reassess its ability to operate within existing legal frameworks. The decision by Binance.US, one … Read more
The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network. Analysts attribute the rising demand to USDT-TON’s ease of use. “[It allows] sending digital dollars to anyone, … Read more