TL;DR Binance will delist six altcoins, leading to significant price drops for these assets. Such efforts have historically triggered sharp price crashes due to various reasons such as reduced liquidity and market panic. The Latest Update The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues…
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a…
Bitcoin mining firm Marathon Digital Holdings has announced plans for a $250 million offering of convertible senior notes due in 2031. The latest private offering is targeted at “qualified institutional buyers.” The firm aims to use the proceeds for the acquisition of Bitcoin as well as corporate growth. The company also has the option to…
Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour…
One top crypto expert has got the whole meme coin scene talking with some bold statements. YouTuber ClayBro, known for his knack for spotting the next big thing, is hyping up old favorite Shiba Inu (SHIB) for another rally. But he’s not stopping there. ClayBro is also throwing his weight behind Shiba Shootout (SHIBASHOOT) –…
The Ethereum network is currently experiencing its lowest level of ETH burning this year. Data suggests that the base fee briefly tumbled to a multi-year low of almost 0.8 Gwei. This significant drop in base gas fees has led to a reduction in ETH issuance, with only 210 ETH burned on August 10th, which represented…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for its decision on the Venezuelan presidential election bet. El Salvador…
TL;DR XRP’s price surged last week following a court ruling in the Ripple v SEC case. Despite some recent decline, there is ongoing optimism for a potential “mega run” and new highs for XRP. Where to Now for XRP? Ripple’s XRP made the headlines at the end of last week when experiencing a 20% price…
After several days of recovering the recent losses, bitcoin’s price has finally retraced once again, losing the coveted $60,000 line and falling further to under $59,000. The altcoins have followed suit, with numerous declines from the likes of ETH, BNB, XRP, and especially DOGE and SOL. BTC Down Below $59K The primary cryptocurrency had a…
TLDR Over 50% of quantum computing professionals say the field is advancing faster than expected. The main technical challenges for quantum computing are scalability and error correction. 74.9% of survey respondents expect quantum computing to be superior to classical computing for certain tasks within the next 10 years. Quantum computing companies are focusing more on…