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Donald Trump Envisions a Bitcoin Mining Superpower

Donald Trump Envisions a Bitcoin Mining Superpower

During a podcast with Adin Ross, U.S. presidential candidate Donald Trump stated that the country should not sell the leading cryptocurrency. His comments followed last week’s transfer of 28,000 BTC (~$1.56 billion) from a government address to an unknown wallet. “This is something [the authorities] should not do because they need to try to build […]

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Fear and Greed Index Plummets to Extreme Panic Levels

Fear and Greed Index Plummets to Extreme Panic Levels

On August 6, the cryptocurrency Fear and Greed Index dropped to 17 points, a level last seen in July 2022. Cryptocurrency Fear and Greed Index. Data: Alternative.me. The metric’s decline coincided with a sharp deterioration in market sentiment. On August 5, Bitcoin tested the $50,000 mark, with daily losses reaching 13%. At the time of […]

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Bitcoin Not to Blame for Market Downturn, Say Experts

Bitcoin Not to Blame for Market Downturn, Say Experts

“This time, Bitcoin is not to blame,” as the downturn resulted from recession fears in the US and market instability. This was stated by Bernstein analysts, according to The Block. The price of the leading cryptocurrency briefly fell below $50,000, while Ethereum dropped below $2,200. “The initial reaction of Bitcoin as a risk asset is […]

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Vitalik Buterin Profits $103,000 from NEIRO Meme Coin Sale

Vitalik Buterin Profits $103,000 from NEIRO Meme Coin Sale

Ethereum co-founder Vitalik Buterin offloaded 17 billion Neiro tokens, which were airdropped to him by the project’s developers. Despite a 60% plunge, the meme coin not only recovered its losses but also reached its ATH. Data: DEX Screener. Buterin’s wallet received 4% of NEIRO’s supply, valued at $130,000. Without prior notice, he became the largest […]

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Elon Musk Renews Legal Battle Against OpenAI

Elon Musk Renews Legal Battle Against OpenAI

Billionaire Elon Musk has reignited his legal proceedings against OpenAI, as reported by the New York Times. The lawsuit alleges that the AI startup and its two founders, Sam Altman and Greg Brockman, breached the company’s founding agreement by prioritising commercial interests over the public good. A similar claim was made in a previous document, […]

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US Economic Concerns Weigh on Bitcoin, Says 10x Research

US Economic Concerns Weigh on Bitcoin, Says 10x Research

The price of the leading cryptocurrency risks remaining below the psychological threshold of $50,000 amid growing concerns about the economic stability of the United States. This is according to a report by 10x Research, as cited by Cointelegraph. Marcus Thielen, the company’s founder, noted that the manufacturing sector’s business activity index (ISM) recently showed a […]

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Aave Earns $6 Million in a Day Amid Crypto Market Downturn

Aave Earns $6 Million in a Day Amid Crypto Market Downturn

On August 5, the daily fee volume of the lending platform Aave reached $6 million, driven by the liquidation of positions worth $350 million. Aave Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value. Aave Treasury was rewarded with $6M in revenue overnight from decentralized liquidations […]

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The Fed’s pivot: when to expect it and how rate cuts could affect crypto

The Fed’s pivot: when to expect it and how rate cuts could affect crypto

At the end of July, the US Federal Reserve kept the key rate at a historic 5.25–5.5%. Many market participants nonetheless expect a “Fed pivot” as early as September. What it is—and why lower rates will not necessarily benefit crypto—explains Oleg Cash Coin. COVID correlation For most of the time, the crypto market correlates with […]

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How crypto-payment processing works for business, according to CryptoProcessing

How crypto-payment processing works for business, according to CryptoProcessing

Crypto-processing services are payment gateways that handle transactions on the blockchain and convert cryptocurrencies into fiat. They are a vital part of the industry, enabling rapid settlement and helping to drive mass adoption of digital assets. With the team at CryptoProcessing, we explain how crypto processing works and how to integrate bitcoin payments into a […]

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Crypto Funds Experience First Weekly Outflow in a Month

Crypto Funds Experience First Weekly Outflow in a Month

The outflow from cryptocurrency investment funds between July 27 and August 2 amounted to $528 million, more than double the inflows of the previous week ($245 million), according to data from CoinShares. Data: CoinShares. Analysts attributed the negative trend to recession fears in the US, escalating geopolitical tensions, and a subsequent wave of long liquidations […]

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Neuralink Implants Brain Chip in Second Patient, Promises Superhuman Abilities

Neuralink Implants Brain Chip in Second Patient, Promises Superhuman Abilities

Neuralink, the brain-computer interface startup, has successfully implanted a neural chip in the brain of a second patient, as revealed by Elon Musk during a podcast with Lex Fridman. The billionaire explained that the participant in the experiment had a spinal cord injury similar to that of the first volunteer, Noland Arbo, who was paralyzed […]

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Experts Identify Bitcoin Support Levels and Growth Conditions

Experts Identify Bitcoin Support Levels and Growth Conditions

The cryptocurrency market downturn that began on Saturday, August 3, continued into Monday, August 5. At the time of writing, Bitcoin’s price stands at $52,475, having dropped more than 24% in a day, according to CoinGecko. Ethereum lost 20% over the same period, trading at $2310. ForkLog consulted experts to discuss the reasons behind the […]

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