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Heavy accumulation puts 75% of Bitcoin’s circulating supply in profit

Despite the volatility Bitcoin experienced in 2023, the extended sideways movement between February and July has proved to be fertile ground for accumulation. Onchain analysis showed that short-term holders (STHs) and long-term holders (LTHs) had steadily accumulated throughout the past quarter, indicating a strong belief in the asset’s long-term value. дальше »

2023-7-12 20:00


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Algorand’s largest DeFi protocol Algofi to shut operations

Algorand’s (ALGO) largest decentralized finance protocol, Algofi, will wind down because current events have made its continued operations non-viable, according to a July 10 statement. “A confluence of events has taken place that no longer makes building and maintaining the Algofi platform to the highest standards a viable path for our company. дальше »

2023-7-11 12:24


Bitcoin ETF approval could be ‘hard to resist,’ ex-SEC chair Jay Clayton says

Former SEC chair Jay Clayton suggested during a CNBC interview on July 10 that regulators could soon feel compelled to approve a spot Bitcoin ETF. Clayton explained that the U.S. Securities and Exchange Commission (SEC) has previously chosen to reject spot Bitcoin ETFs while approving futures Bitcoin ETFs based on the latter’s surveillance sharing agreements […] The post Bitcoin ETF approval could be ‘hard to resist,’ ex-SEC chair Jay Clayton says appeared first on CryptoSlate. дальше »

2023-7-11 01:10


More People Talking About XRP, Will Bulls Break Above $0.60?

On-chain data compiled by Santiment, an analytics platform, shows that more people are discussing XRP, the native token of the XRP Ledger (XRPL), per statistics captured on July 10. In their assessment, the spike in social chatter, translating to higher social dominance, will most likely draw demand for the crypto asset that has recently been under selling pressure but firm. дальше »

2023-7-11 00:00


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Grayscale challenges SEC’s decision on leveraged Bitcoin ETF as GBTC discount narrows

Crypto asset manager Grayscale has questioned the U.S. Securities and Exchange Commission’s decision to approve a leveraged Bitcoin (BTC) exchange-traded fund (ETF) in a July 10 letter. The firm’s Bitcoin Trust (GBTC) also narrowed to its lowest point since May 2022, according to ycharts data, GBTC discount narrows GBTC’s discount to its net asset value […] The post Grayscale challenges SEC’s decision on leveraged Bitcoin ETF as GBTC discount narrows appeared first on CryptoSlate. дальше »

2023-7-11 23:57


Standard Chartered, Matrixport foresee Bitcoin hitting $120k next year

International bank Standard Chartered predicted that Bitcoin’s (BTC) price could end the year as high as $50,000 and reach $120,000 by next year, according to a July 10 Reuters report. Standard’s Chartered prediction is congruent with Matrixport, a crypto financial services platform that predicted BTC’s price to reach $125,000 by 2024 in a report shared […] The post Standard Chartered, Matrixport foresee Bitcoin hitting $120k next year appeared first on CryptoSlate. дальше »

2023-7-10 16:50


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Bankrupt Voyager experiences $250M withdrawal surge as users move assets to centralized exchanges

Voyager, the now-bankrupt crypto lender, has seen approximately $250 million in net outflows since it reactivated its withdrawal function on June 23, as per data from Dune Analytics. Data from Dune showed that Voyager saw massive withdrawals during the week starting July 3, as users withdrew $64 million worth of Bitcoin (BTC), $74 million in […] The post Bankrupt Voyager experiences $250M withdrawal surge as users move assets to centralized exchanges appeared first on CryptoSlate. дальше »

2023-7-10 16:10


Crypto Twitter Warns Of Scammers Impersonating Legit Accounts On Zuckerberg’s Threads

Crypto Twitter users are sounding the alarm, wasting no time in exposing the scammers who have cunningly emerged on Meta’s newly launched microblogging app, Threads. With the app’s staggering sign-up rate surpassing 100 million within a week since its release on July 5, the scammers have seized the opportunity to dupe unsuspecting users.  However, the […] дальше »

2023-7-10 15:30