The Bitcoin price plummeted to a four-month low on Friday, experiencing a significant price slump as rumors of an imminent distribution by the defunct crypto exchange Mt Gox intensified selling pressure on the token. Reports of German police transferring around $75 million worth of confiscated crypto from a piracy website onto exchanges also added to
Crypto
Pandiana, a pioneering solana meme infused play-to-earn gaming project, has made an exciting announcement regarding the launch of its highly anticipated presale for $PNDA tokens. This announcement follows the successful pre-seed raise of $500,000 by the team, signaling a major milestone in the development of the project. The $PNDA token presale presents a unique opportunity
Bybit, the world’s second-largest web3 platform by trading volume, showcased its dedication to fostering innovation and collaboration within the blockchain industry through its sponsorship at the Swiss Summer Web3Fest and Crypto Valley Conference in Switzerland. This sponsorship highlighted Bybit’s commitment to building strong relationships within the institutional space, as stated by Eugene Cheung, Head of
Bitcoin’s failure to sustain a position above $63,000 has caused a drop towards $61,000, potentially paving the way for a further decline below the $60,000 mark. Currently, Bitcoin is hovering slightly above the critical support level of $60,885. The proximity of the 100 EMA at $63,754 and the 200 EMA at $58,260 to the current
Ethereum has made a significant breakthrough in the cryptocurrency industry, surpassing Bitcoin in fee income by an impressive 100% over the past year. According to the latest report from Lookonchain, Ethereum’s network has recorded a staggering $2.73 billion in fee income, solidifying its position as the top earner in the industry. Meanwhile, Bitcoin falls behind
In a move aimed at revolutionizing the crypto space, E Money Network has recently rolled out the largest grant program ever seen in the world of RWA blockchain projects. With a staggering $2 million up for grabs, the program is set to pave the way for innovative RWA applications to flourish and thrive on the
In a recent announcement on July 2nd, 2024, Pi Squared, also known as Proof of Proof, revealed the successful closure of their first capital raise. This milestone was achieved with the backing of prominent investors such as Polychain Capital, ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. Alongside these institutional investors, a group of
In recent news, ChainwireSolciety has made waves by raising an impressive $619,000 in the first two weeks of its presale. This success can be attributed to the growing popularity of PolitiFi and Solana meme coins. With a Twitter and Telegram community of over 15,000 members, the platform has seen significant early presale activity. This surge
The digital assets landscape has seen a mix of performance in the second quarter of the year, with Bitcoin ETFs gaining buzz but crypto assets lagging behind more traditional assets. Despite major events like the Bitcoin halving and the SEC’s approval of spot Ethereum ETFs, Bitcoin has remained rangebound. Regulatory headwinds, macroeconomic uncertainty, and a
The recent rise in Bitcoin price, despite the negative sentiment in the crypto markets, can be attributed to the anticipation of a major liquidation event involving Mt. Gox. The now defunct exchange is set to begin distributing stolen tokens this week, leading to concerns about selling pressure on Bitcoin. Traders are speculating that recipients of