Author: CryptooTimes
While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.
Two Hong Kong kidnappers demanded a stablecoin ransom before getting arrested, highlighting concerns over crypto-related crimes and safety. The interesting and jarring kidnapping took place in Tseung Kwan O, Hong Kong, and saw criminals demanding a cryptocurrency ransom for a three-year-old boy. The child was abducted on July 3 while shopping with his mother. According to local media reports, the criminals demanded a ransom of 660,000 USDT from the parents for the release of the boy through the messaging app Telegram. The abduction, captured on CCTV, showed the toddler being taken in broad daylight, his cries muffled with a handkerchief. …
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly.
Bitcoin’s late April break below $60,000 bottomed out at around $56,500 after BlackRock said heavyweight institutions like sovereign wealth funds, pension funds and endowments were likely to trade in the spot ETFs. However, JPMorgan recently revealed that 80% of the inflows into the spot ETFs came from existing crypto market participants.
Darin Feinstein, the founder of Bitcoin miner and digital asset infrastructure firm Core Scientific, is bullish on Bitcoin. According to Feinstein, the Bitcoin ecosystem has witnessed massive growth and adoption since the chaotic early days. More than that, he sees the Bitcoin ledger as the real value of BTC – and this is still massively undervalued. He also says Bitcoin’s current price drop is “artificial” and that this is another opportunity to buy. Mt.Gox and Bitcoin’s price crash Bitcoin dropped to around $56,700 earlier today, but has seen a slight rebound to currently change hands near $58,200. The reason for…
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation.
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.
As Bitcoin plunged below the $57,000 mark, concerns surged among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) to dip below $57,000 for the first time since February. As of press time, Bitcoin rebounded above the $57,000 mark, but its previous quick plunge might signal weakness, potentially impacting sentiment among retail traders. Bitcoin daily price in USD | Source: crypto.news Blockchain research firm CryptoQuant noted that crypto beginners — who bought BTC over the past six to three months — have started moving their coins amid the…
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower.
“MetaMask is unique among wallets in providing not only strong default security features, but also security-enhancing plugins through our Snaps extensibility platform,” said Patrick Berarducci, MetaMask and Infura lead at Consensys, in a statement.
