Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […] Source: https://news.bitcoin.com/analyst-mt-gox-repayment-event-will-cause-4x-the-selling-pressure-for-bch-compared-to-btc/
Month: July 2024
Taiwan Mobile receives VASP license, entry to crypto market
Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it. Source: https://cointelegraph.com/news/taiwan-mobile-secures-vasp-license-crypto-exchange
Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000. Source: https://cointelegraph.com/news/bitcoin-miners-near-capitulation-as-profits-dry-up-alongside-btc-sell-off
GameStop Stock Still Sinking, Now Down 23% Over Past Month
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports GameStop’s stock price finished another week down, exacerbating the video game retailer’s recent losses as the latest round of meme stock momentum—triggered by influencer and trader…
Crypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation, and government corruption have created an economic nightmare for Venezuelans. Source: https://cointelegraph.com/news/crypto-remittances-venezuela-surge-economic-situation-worsens
Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve. Source: https://cointelegraph.com/news/custodia-appeal-solicitor-general-regulators-debank-crypto
Biden Flips Kamala: Crypto Markets Expect President to Be Nominee
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Two days after United States vice president Kamala Harris became the odds-on favorite to be the Democratic candidate for the nation’s top office, the embattled incumbent…
3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled
Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight. Source: https://cointelegraph.com/news/3ac-linked-wallet-nft-3-year-old-offer-not-canceled
Telegram CEO Calls Crypto Game Hamster Kombat World’s ‘Fastest-Growing Digital Service’
Telegram founder and CEO Pavel Durov has thrown his weight behind Hamster Kombat, praising the crypto game that’s taking over his dominant messaging platform as “the fastest-growing digital service in the world.” “A new era is arriving, and we are witnessing its arrival in real time,” Durov said on Thursday in his Telegram channel, describing Hamster Kombat as the current…
Big Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make up about $600 billion in profit before the current expenditure starts to make sense. Source: https://cointelegraph.com/news/big-tech-ffinancial-reckoning-artificial-general-intelligence-human-level-ai