Bitcoin’s (BTC) price dipped below $58,000 in early morning hours, as institutional investors appear to have temporarily halted their buying spree. At the time of writing, BTC is trading for $59,332.20. The dip comes as analysts noted a cessation in the transfer of Tether (USDT) from Tether Treasury to exchanges over the past two days. The halt in USDT transfers…
There’s a growing pile of mobile games that pay small amounts of Bitcoin as you play—but the concept is not just limited to gaming. In fact, you can earn Bitcoin by listening to podcasts through the Fountain app, without any additional ads, hurdles, or hoops to jump through. It’s just awarded inconsistently, and not at all times. Like some of…
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Source: https://cointelegraph.com/news/magnificent-7-crash-ai-oversupply-bitcoin-downside-volatility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Source: https://cointelegraph.com/news/bitcoin-mining-revenue-decline-yearly-low-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin market sentiment is as erratic as BTC price action itself as a week of macro volatility catalysts gets underway. Source: https://cointelegraph.com/news/more-extreme-fear-ftx-crash-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price saw its local bottom last time Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%. Source: https://cointelegraph.com/news/bitcoin-price-drops-below-59k-institutional-stablecoin-pause?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OKX chief innovation officer Jason Lau believes that Web3 games need to cultivate communities by educating players on the benefits of Web3 technology. Source: https://cointelegraph.com/news/web3-gaming-needs-steam-like-platform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Canto blockchain has been down for over a day, and the team has scheduled an upgrade to fix the issue for Aug. 12. Source: https://cointelegraph.com/news/canto-targets-fix-amid-33-hour-outage-caused-by-consensus-issue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2. Source: https://cointelegraph.com/news/crypto-startup-funding-grows-to-2-7b-in-q2-despite-fall-in-total-deals?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The newly launched nine spot Ether ETFs had a positive overall net inflow of $105 million for the week beginning Aug. 5. Source: https://cointelegraph.com/news/ether-etf-weekly-flow-hits-positive?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
