Category: Crypto

Bitcoin’s correction this month may be short-lived as institutions appear to have taken the drawdown as a juicy buying opportunity, according to on-chain data. The findings arise alongside other blockchain-based signals suggesting that Bitcoin’s price is at an appetizing entry point. Institutions Just Bought The Dip As shared by market intelligence platform CryptoQuant on Thursday, “institutions” – loosely defined as Bitcoin wallets holding between 1000 BTC and 10,000 BTC – have been accumulating coins at their second-fasted rate this year since the start of July. Last week, alone, these entities…

Bitcoin (BTC) tagged $58,000 around the July 12 Wall Street open as markets reacted to “sticky” United States inflation data. BTC/USD 1-hour chart. Source: TradingView Bitcoin joins stocks in positive PPI reaction Data from Cointelegraph Markets Pro and TradingView showed BTC price strength improving as the Producer Price Index (PPI) print for June rose more than forecast. Year-on-year PPI came in at 2.6% versus 2.3% expected, 0.1% higher than the month prior. “On an unadjusted basis, the index for final demand rose 2.6 percent for the 12 months ended in…

[PRESS RELEASE – USA, July 12th, 2024] BlockGuard, a DeFi protocol based out of the USA, is thrilled to announce the launch of its decentralised portfolio management platform called Fusio. Fusio is designed to provide both novice and experienced investors with an effortless, intuitive way to diversify their digital assets. Prominent DeFi KOLs and Investors @CryptoFace, @CryptoSensei, and @GreyJabesi have also joined hands with the platform and become Fusio’s very first Curated Portfolio Managers. “Fusio is the first step in a long future of providing top-quality tools and services to…

Elon Musk has denied a New York Times report suggesting he had volunteered his sperm to help seed a colony on Mars.  The July 11 report suggested that Musk had quietly directed his team to begin planning an off-world habitat that could survive Mars’ hostile environment. One team is looking at plans for “small dome habitats,” including materials that could be used to build them. Another is working on spacesuits that could survive Mars’ freezing extraterrestrial climate — made up of 95% carbon dioxide and only 0.13% oxygen — while…

The former United States president and current Republican presidential candidate, Donald Trump, is set to speak at one of the largest crypto events this month. A tweet by the official Bitcoin Conference X account revealed Thursday that Trump will be one of the speakers at the event, which is scheduled for July 25 to 27 in Nashville, Tennessee. The announcement represents a huge win for the crypto community, as Trump has expressed substantial support for the industry over the last few months. Trump to Speak at Bitcoin Conference The chances…

Crypto card issuer BitcoinBlack announced that it had clinched a deal to buy telemedicine provider Ask the Doctor. The deal will enable cardholders to pay for doctor visits and prescription drugs with cryptocurrency.  The deal will integrate the telehealth provider into BitcoinBlack’s mobile app, giving cardholders exclusive access to “Ask the Doctor’s private telemedicine services […] all through the convenience of their mobile devices,” the announcement said. According to the statement, BitcoinBlack members will be able to “order and pay for prescriptions using cryptocurrency” while tapping into Ask the Doctor’s…

The US Bureau of Labor Statistics (BLS) has published this month’s data for the Consumer Price Index. As is normally the case, this has caused some volatility within the cryptocurrency markets. In June, the CPI for all urban consumers fell 0.1%, seasonally adjusted This represents a change of 3% over the last 12 months, not seasonally adjusted. On the news, Bitcoin’s price shot up to almost $60K amid increased volatility. It has retraced to where it currently trades at around $59,200. Source: TradingView Jag Kooner, head of derivatives at Bitfinex,…

Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting to a phishing site. News Own this piece of crypto history Collect this article as NFT Join us on social networks Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked.  On July 11, the security investigator published a post on Telegram telling the community to stay away from the website for the time being. According to ZachXBT, the website…

Financial and fintech firm Intuit recently announced plans to lay off approximately 1,800 workers in order to further pursue the company’s artificial intelligence endeavors.  This boils down to a restructuring of the company with approximately 10% of its workforce slated for departure. CEO Sasan Goodarzi reportedly told 1,050 of those being laid off, via email, that their performance did not meet expectations. Another 300 were told their positions had been eliminated. The era of AI The layoffs evidently weren’t related to the company’s bottom line. Per Goodarzi, “We do not…