The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling as factors contributing to the decline. Nikkei Posts Worst Single-Day Loss In…
While Bitcoin keeps dominating the cryptocurrency space, smaller coins like Polygon, Avalanche, and DigiHorse are attracting attention for their significant profit potential. These tokens offer unique opportunities, each within its own niche. Polygon and Avalanche compete for market share in highly contested areas. DigiHorse, on the other hand, is carving out a strong position in…
U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary…
Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency crashed…
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens of Crypto Coins See Percentage Losses, A Few Tumble 50%…
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More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified in “Operation Spincaster” and gathering intelligence on scammer tactics. Gathering Intelligence on Scammer Tactics The Australian Federal Police (AFP) recently discovered more than 2,000 compromised cryptocurrency…
[PRESS RELEASE – Zug, Switzerland, August 5th, 2024] “We are thrilled to announce that we have achieved our first major milestone by unifying 500 TB of astronomical data on our platform. This will allow astronomers to more easily analyze massive datasets and uncover meaningful insights.” said Dr. Meijer, Chief Scientific Officer of StarChain. “Our platform…
Crypto stocks tanked at Monday’s U.S. market open following a disastrous crypto market crash late Sunday. Shares in MicroStrategy (MSTR), the world’s largest corporate owner of Bitcoin, now trade for $1,212 – 16% down from Friday’s close. Meanwhile, Coinbase (COIN) – the largest and only publicly traded cryptocurrency exchange in the United States – trades…
Although BTC and most altcoins have charted double-digit losses over the past 24 hours, CryptoQuant’s analysts warn that there might be even more volatility in the following hours as the US stock market is about to open for trading. They argued that the Coinbase Premium Gap (CPG) will be the metric to watch in the…