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 …
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion and completion of these plans, likely referring […]
Ethereum’s price on July 22, 2024, stands at $ 3,497, showing a dynamic interplay of market forces. The cryptocurrency’s recent movements exhibit consolidation with a potential bullish resurgence. Ethereum The 1-hour ETH/USD chart reveals critical support at $ 3,411 and resistance at $ 3,565. Ethereum’s price has been oscillating within these boundaries, …
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […]
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The […]