In 2024, central banks worldwide have significantly increased their gold reserves, setting a new precedent for acquiring value-storing assets. According to a report from the macroeconomics-focused Kobeissi Letter on September 2, central banks globally added a record 483 tonnes of gold to their reserves in the first half of the year. This acquisition surpasses the […]
The count of Bitcoin wallets holding at least 100 BTC has reached a 17-month peak, reflecting a significant uptick in large-scale Bitcoin accumulation over the past month. Blockchain analytics firm Santiment reported on August 31 that the number of these “whale” wallets surpassed 283 in August alone. According to Santiment, the total has now surged […]
1. BTC Price Approaches Recent Lows As Bitcoin wrapped up August, it didn’t leave a strong impression, with prices hovering around the lows. Current market data reveals that buying interest near the $58,000 mark is essential but not robust enough to offset the selling pressure. Analysis by Skew points out a general disinterest in derivatives […]
On August 30, voices from the cryptocurrency community vented their displeasure on social media following a decision by a Brazilian Supreme Court justice to halt the operations of X in the country. “Totally insane of Brazil to block X. Seems like the US is on a similar path with their moves against TikTok,” remarked Scott […]
A Justice of the Brazilian Supreme Court has mandated the suspension of the social media service X within Brazil following Elon Musk’s refusal to designate a legal representative for the company. A recent report from the Associated Press on August 30 noted that Justice Alexandre de Moraes moved to halt the operations of X in […]
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) experienced its second significant withdrawal day since its introduction in January. On August 29, the fund saw a net withdrawal of $13.5 million, marking only its second major outflow after a $36.9 million withdrawal on May 1. Data from Farside Investors highlighted this day as one of […]
In a remarkable stroke of luck, a lone Bitcoin miner recently secured a significant windfall by validating a Bitcoin block, earning just shy of $200,000. This miner successfully validated block number 858,978 at 4:21 pm UTC, as per details from the Bitcoin block explorer Mempool.space. This block included 2,391 transactions, earning the miner a reward […]
Elon Musk, alongside his company Tesla, successfully secured the dismissal of a legal claim alleging they had manipulated Dogecoin’s market value, purportedly causing $258 billion in losses. The decision to dismiss the case was handed down on August 29 by Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York. […]
Pavel Durov, the creator and CEO of the popular messaging platform Telegram, has been released on bail after being detained and formally charged by authorities in France, following his court appearance. An article from Bloomberg dated August 28 indicated that the French legal system has accused Durov of several criminal activities connected to his operational […]
Cryptocurrencies linked to artificial intelligence experienced significant drops shortly after Nvidia unveiled its earnings for the second quarter of 2024. Although Nvidia’s earnings exceeded forecasts, the figures did not meet investor expectations. Following the earnings announcement, the value of Artificial Superintelligence Alliance (FET) decreased by 7.8% to $1.16, Bittensor (TAO) dropped 4.5% to $295.22, and […]