Tesla’s foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month. Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult...Continue Reading

The $280 billion bill, which aids the semiconductor industry, also incorporated Representative Darren Soto’s bill to create a position to advise the president on blockchain. The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over...Continue Reading

“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs. According to a Friday blog post, CoinFLEX said it had cut some staff...Continue Reading

Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over? Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If...Continue Reading

BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000. Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee...Continue Reading

“While significant, the $2.2M worth of crypto donated to pro-Russian orgs still pales in comparison to the tens of millions in crypto donated to Ukraine,” said Chainalysis. According to data from crypto analytics firm Chainalysis, users have sent more than $2 million in crypto to 54 pro-Russian groups since Feb. 24, a fraction of that...Continue Reading

$24,000 BTC price refuses to flip to support while the weekly close remains shrouded in uncertainty. Bitcoin (BTC) saw fresh volatility after July’s final Wall Street open as highs north of $24,000 remained solid resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Resistance strikes BTC at $24,000 Data from Cointelegraph Markets Pro and TradingView reflected bulls’...Continue Reading

KuCoin’s new investment product aims to increase the liquidity of and access to leading nonfungible token collections such as BAYC. Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to major nonfungible token (NFT) assets like Bored Ape Yacht Club (BAYC). KuCoin’s NFT ETF Trading Zone went live on Friday, the firm announced....Continue Reading

A new scaling solution, zkEVM Rollups, could allow Ethereum to overcome Visa in terms of transaction throughput, says Polygon co-founder Mihailo Bjelic. zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput, said Polygon co-founder Mihailo Bjelic in a recent interview with Cointelegraph. ...Continue Reading

Coins stationary for at least a year are suggesting that accumulation is done — something which traditionally accompanies the end of bear markets. Bitcoin (BTC) may already be beginning its new macro uptrend if historical “hodl” habits repeat. That was the conclusion from research into the latest data covering the amount of the BTC supply...Continue Reading