Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC’s recent drop below $60,000. Bitcoin price dropped 5.8% between June 23 and June 24, reaching its lowest level in seven weeks at $59,700. $153 million in leveraged long BTC futures was forcefully […]
Disrupting the Cloud Computing Industry: DePIN’s Impact Cointelegraph Research has uncovered the transformative effects of DePIN networks and SwanChain’s ecosystem on the cloud computing sector. Cloud computing market projected to reach $2.3 billion by 2032 Risks of market domination by a few key players March 2024 Meta outage affecting 600,000 users globally DePINs (Decentralized Physical […]
Bitcoin DeFi Development: Insights from Developers The landscape of Bitcoin DeFi presents unique challenges for developers, with issues surrounding base yield and fragmented liquidity serving as key obstacles. Here are some insights shared by experts in the field: The lack of base yield and fragmented liquidity hinder Bitcoin DeFi growth SolvBTC introduces Liquid Yield Tokens […]
Bitcoin Correction Alert: Mt. Gox and Germany Selling Pressure Bitcoin faces the risk of dropping below $60,000 due to looming Mt. Gox repayments and the German government selling off 50,000 BTC. Bitcoin could experience a 4-week correction period. Analysts predict a cooling-off phase before another price rally. RSI indicator shows oversold conditions in the market. […]
Bitcoin Longs Liquidated as BTC Falls Below $61K The selling pressure from the Mt. Gox repayment could cause Bitcoin’s price to drop below $60,000. Over $122 million in leveraged long positions liquidated as BTC falls Potential drop below $60,000 threshold Bitcoin Liquidations and Price Drop Over $122 million in leveraged long Bitcoin positions liquidated as […]
Mt. Gox trustee to start Bitcoin, Bitcoin Cash repayments in July After a decade of anticipation, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in investor funds in 2024, will start repaying its defunct users. Mt. Gox’s rehabilitation trustee will […]
Can $60K BTC price support hold? 5 things to know in Bitcoin this week Bitcoin sentiment is taking a serious beating after BTC price weakness sees six-week lows return. Bitcoin kicks off the last week of June, heading for a range-low retest as BTC price action nears $60,000. Dropping another 1.25% since the June 24 […]
Japan’s Metaplanet Plans 1B Yen Bond Sale to Buy More Bitcoin Tokyo-based investment and consulting firm Metaplanet Inc. is planning to issue 1 billion yen ($6.26 million) worth of bonds to raise money to buy Bitcoin. The firm said in a Monday, June 24 notice that its board had agreed to the move and the […]
Bitcoin falls below 63K after BTC whale transactions drop 42% Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has just retraced below $63,000. Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000. According to Santiment, on June 23, […]
Meet Brollups: The New Layer 2 Solution by Bitcoin Lightning Hacker Burak Bitcoin developer Burak is innovating in the world of decentralized finance with the introduction of Brollups. Learn more about this exciting new development below: Key Points: Burak, known for exploiting a Lightning Network bug in 2022, is now focusing on enhancing Bitcoin’s DeFi […]
