Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin, a Trump 2.0 era could further boost […] Source: https://news.bitcoin.com/analysts-predict-second-trump-era-could-boost-gold-prices/
Month: July 2024
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April […] Source: https://news.bitcoin.com/two-more-sleeping-bitcoin-addresses-wake-from-slumber-moving-1045-btc/
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known […] Source: https://news.bitcoin.com/july-slump-for-bitcoin-what-historical-trends-reveal-about-upcoming-months/
Bitcoin traders hope bottom is in after BTC price bounces 9% from lows
BTC price action takes a break from endless downside to revisit $58,500, but Bitcoin bulls struggle to hold higher ground. Source: https://cointelegraph.com/news/bitcoin-traders-bottom-is-in-btc-price-bounces
Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard Chartered forecasts Bitcoin hitting $100,000 by November, with a potential boost from a Trump election […] Source: https://news.bitcoin.com/sleeping-btc-wallets-reactivate-bitcoin-dips-and-more-week-in-review/
Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities […] Source: https://news.bitcoin.com/canadian-regulator-probe-determines-that-liquitrade-operates-an-illegal-crypto-exchange/
Taiwan central bank says no rush for CBDC launch
The central bank mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds. Source: https://cointelegraph.com/news/taiwan-central-bank-cbdc-steady-progress
Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service is expected to be operational by Q4 and will be […] Source: https://news.bitcoin.com/justin-sun-developing-gasless-transaction-stablecoin-solution-for-tron-and-evm-chains/
Solana has impacted Africa’s crypto market maturity – Exchange exec
Adopting any technology is based on the strength of its community and Solana has proven that with its African community. Source: https://cointelegraph.com/news/solana-african-crypto-adoption-flincap-cmo
Nigerian Prison Officials Deny Binance Employee Tigran Gambaryan is Seriously Ill
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these claims, stating that Gambaryan is receiving proper care and […] Source: https://news.bitcoin.com/nigerian-prison-officials-deny-binance-employee-tigran-gambaryan-is-seriously-ill/