BTC price needs to hold $70K next as Bitcoin weathers ECB rate cut

June 6, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.

Data from Glassnode shows that bulls who accumulated during the second half of 2020 are still holding strong, despite a surge in short-term speculation this year. 5610 Total views 22 Total shares Bitcoin buyers from the early phases of the bull run are still hodling despite BTC’s meteoric surge into new all-time highs, according to…

The key misunderstanding with China's purported BTC hashrate dominance

According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.

1inch Network concludes $175M Series B led by Amber Group

The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. 538 Total views 10 Total shares Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and…

Overstock-funded tZERO Crypto exchange will shut down March 6

Once a highly touted exchange, tZERO facilitates securities offerings, some of which are blockchain tokens. 113 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The…

Compound cETH market bricked by update — 7-day wait on vote to fix it

The code bug has plagued the cETH market and has affected Compound’s front-end user face, but the CEO confirmed that “funds are not immediately at risk.” 203 Total views 18 Total shares Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds. The code error…

Crypto Exchange Kraken Adds Support for Tezos Staking

Cryptocurrency exchange Kraken is launching support for Tezos (XTZ) staking, according to an announcement published on Dec. 11.Starting on Dec 13., Kraken will enable its users to trade with XTZ and obtain instant financial rewards. To begin staking XTZ, users have to put the cryptocurrency into their Kraken Staking Wallet, but already having XTZ in…

Bitget tightens token listing standards amid scam concerns

The new token listing requirements include reviewing lock-up periods, business plans, token distributions, and team background checks.

SEC sues Atlas Trading for $100M stock manipulation scheme

Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point. 317 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTThe United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum.…

Russia’s energy chief says it would accept Bitcoin for oil and gas

The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin. 640 Total views 40 Total shares The Russian Federation's energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas…

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