Monthly Archives: August 2024

The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100. Read More at https://cointelegraph.com/news/ether-whale-buys-13m-eth-needs-reclaim-2-7k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns. Read More at https://cointelegraph.com/news/why-bitcoin-poised-break-74k-before-end-of-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Read More at https://cointelegraph.com/news/magnificent-7-crash-ai-bitcoin-downside-volatility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Read More at 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. Read More at 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. Read More at 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%. Read More at 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. Read More at 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. Read More at 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. Read More at 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