- Cryptotimes Africa

REPORT | Meme Coins Rule the Chart and Story, Driving Down the Total Crypto Market Cap by Over 14% in Q2 2024

by Crypto Oracle July 20, 2024

According to a recent CoinGecko analysis, the entire market capitalization of cryptocurrency regained some of its gains in Q2 2024 after almost reaching all-time highs in Q1 2024. It decreased by $408.8 billion (-14.4%) and closed at $2.43 trillion in June 2024.…

Bitcoin

BITCOIN | Since the collapse of FTX, Bitcoin Has Seen One of the Largest Realised Losses

by Crypto Oracle July 6, 2024

After plunging to its lowest point in more than four months, the price of Bitcoin has now rebounded. According to CoinGecko, the cryptocurrency is up 4.1% in the previous day, peaking at little over $56,400. In the last 24 hours the price…

Bitcoin

BITCOIN | Mt. Gox Transfers More Than 47,000 Bitcoins (BTC) to a New Wallet Before Scheduled July 2024 Repayments

by Crypto Oracle July 5, 2024

The estate of the defunct crypto exchange, Mt. Gox, has transferred over 47,000 BTC ahead of its plan to repay $9 billion BTC to creditors. One of Mt Gox’s three wallets that held significant portions of funds sent around 47,228.7 BTC (about…

Bitcoin

BITCOIN | As Mt. Gox Gets Ready to Make Distributions, Over 141K BTC Supply May Hit the Market

by Crypto Oracle June 20, 2024

Investors with keen eyes have noticed wallets from the defunct bitcoin exchange Mt. Gox moving more than $7 billion in cryptocurrency. The market saw considerable panic after the now-defunct cryptocurrency exchange allegedly transferred over 141K Bitcoin, or more than $9 billion, from…

Bitcoin News

Bitcoin Soars Above $71K on Back of Strongest ETF Inflows Since March

by Terry Kunle June 5, 2024

Buckle up, crypto enthusiasts! Bitcoin surged past $71,000 in Asian trading today, fueled by the biggest single-day inflow of investment into Bitcoin ETFs since March. This bullish surge coincides with the release of provisional data showing a whopping $880 million injection into…

Bitcoin

BITCOIN | As Bitcoin Open Interest Breaks ATH, Analyst Warns That “The Crypto Market is Getting Away with Itself”

by Crypto Oracle March 7, 2024

On March 4, 2024, open interest in Bitcoin reached $31 billion, breaking the previous high of $24.3 billion established on April 14, 2021. Analysts are urging caution due to the increase in open interest, drawing comparisons to the bull market of 2021.…

Bitcoin News

Four New Options for Issuing Digital Assets Secured by Bitcoin

by Crypto Oracle February 27, 2024

While a number of blockchain networks have been using the term "issuing blockchain-based digital assets" as a catchphrase for some time now, Bitcoin has fallen behind because of its emphasis on digital currency. Nevertheless, the idea has now been incorporated into the…

Bitcoin News

Uncovering a $100 million cryptocurrency scheme in Myanmar What is happening?

by Crypto Oracle February 25, 2024

A fresh fraud case has been revealed by Midjourney Chainalysis. The scam involves a single organization that operates out of a compound in Myanmar and defrauded people out of over $100 million in less than two years. The company carried out a…

Bitcoin News

Prediction for the Price of Bitcoin as it Falls Below $52,000: Is This a Good Time to Buy?

by Crypto Oracle February 20, 2024

The most valuable cryptocurrency, Bitcoin, is now trading at $51,385 and is able to adjust to market fluctuations with a 24-hour volume that is more than $31 billion. Even after a slight decline of 1.34%, its market capitalization remains above $1 trillion.…

Bitcoin News

Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets

by Powel February 20, 2024

Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on…