Cryptocurrency

Halliday, the commerce automation network for modular chains, announces the public launch of its network. Backed by major investors, such as Hashed and Andreessen Horowitz, with over 26 partners already, the platform aims to bring its technology to a wide swath of companies and commerce applications. Halliday’s network addresses the fragmented user experience and technological gaps currently hindering blockchain-based payments, simplifying digital commerce across blockchain ecosystems and helping to bring the technology mainstream. Halliday’s network promises simplified processes for onboarding users to new modular chains, purchasing NFTs across multiple chains, and engaging in complex financial transactions. Integrated solutions for payment processing and cross-chain compatibility further enhance its appeal to developers and users.About HallidayHalliday is building the Commerce Automation Network to enable any developer to connect their modular chain to commerce. Halliday saves you thousands of engineering hours with a unified interface and architecture and grows your volume by empowering users to spend, manage, and transact with ease.About HashedHashed is a team of blockchain experts and builders based in Seoul, Singapore, Bengaluru, and the Silicon Valley. We believe that decentralization can transform not only the global economy but the very fabric of the internet. Our mission is to accelerate the mass adoption of blockchain by investing our resources and empowering a new wave of entrepreneurs and innovators to create this future. We participate as core technical contributors to global infrastructure, and we’ve built a network of projects and people that connect industry pioneers with the knowledge and resources necessary to unlock the potential of blockchain.ContactVP of Business DevelopmentGeorge AlafoginisGeorge@halliday.xyzThis article was originally published on Chainwire More

Judging by its previous purchases, this accumulation is considered major discount buying for the firm.Since its last purchase, the price of Bitcoin has dropped 11.2%, creating a very good entry point for the firm. Buying Bitcoin as a publicly traded firm is a major validation of the coin’s ability to grow. While learning from MicroStrategy’s playbook, Metaplanet’s aggressive buying has been noted.With its series of purchases, the firm now holds a total of 203.734 Bitcoin units, acquired for a total of 2.05 billion yen, or $12,743,107.50.Entities like Metaplanet are committed to holding Bitcoin for the long haul. While many traders are concerned about frequent market fluctuations, as we have seen this month, MicroStrategy and Metaplanet consider it a new avenue to buy the coin.At the time of writing, the Bitcoin price is changing hands for $56,139.52, down by 2.22% in the past 24 hours. It remains unclear whether or not MicroStrategy will capitalize on this dip soon; however, the Metaplanet move remains a talking point for the ecosystem.This article was originally published on U.Today More

Crypto skeptic Peter Schiff noted that recent trading patterns and ETF inflows suggest that experienced investors are selling BTC on the spot market, while less experienced investors are purchasing it through ETFs. He implied that whales have strategically positioned ETF investors to bear the brunt of potential losses.Despite this, Schiff still pointed out that many people who profited from Bitcoin did so more by luck than by skill.Bitwise’s BITB received over $30 million, with almost $2.1 billion in assets. VanEck’s HODL took in $12.8 million and holds nearly $600 million in assets.Other Bitcoin ETFs, including those from BlackRock (NYSE:BLK), Franklin Templeton and Valkyrie Digital Assets, reported no significant changes in inflows or outflows.As things stand, fear, uncertainty, doubt and greed continue to influence market sentiment around Bitcoin ETFs and other crypto investment products.This article was originally published on U.Today More

The investment firm’s note cites a “modest recovery” in June following the May slump, but highlights continuing challenges.Despite a slight increase in Bitcoin price and decrease in network hash rate in June, Jefferies cut MARA’s target to $22 from $24 per share and ARBK’s target to $1.20 from $1.50.The report details recent merger and acquisition activity, including Riot Blockchain’s (RIOT) rejected acquisition attempt of Bitfarms (BITF) and Cleanspark’s (CLSK) successful acquisition of GRIID Infrastructure (GRDI) to expand its hosting capacity.Jefferies notes a strategic shift by some miners towards high-performance computing (HPC) and AI hosting due to the declining profitability of Bitcoin mining post-halving. Companies like APLD, IREN, HIVE, HUT, and even the recently emerged CORZ are exploring this diversification.The report concludes by highlighting Marathon Digital’s efforts to find alternative solutions. They detail their partnership with Kenya’s Ministry of Energy to explore using stranded renewable energy for Bitcoin mining. More

Still, the world’s largest cryptocurrency found some support around the $57,000 level after sinking to over four-month lows earlier on Monday. Bitcoin fell 0.8% in the past 24 hours to $57,072.0 by 08:09 ETThe token and the broader crypto space took little support from a weaker dollar, with reports suggesting that major Bitcoin wallet holders had also begun mobilizing their wallets for potential sales.Trustees for the now defunct Mt Gox crypto exchange said they had begun distributing tokens to clients affected by a 2014 hack. While the trustees have not outlined the value of the distributions, wallets associated with the exchange were seen moving around $9 billion worth of Bitcoin earlier this year.Traders dumped Bitcoin on fears that receivers of the tokens will be largely encouraged to sell their holdings, given Bitcoin’s massive price jump over the past decade. Such a scenario presents massive selling pressure on the token.Several Bitcoin “whale” wallets were seen coming online for potential sales of their holdings, while inflows into crypto investment products were also seen largely drying up through the past few weeks. Among broader crypto markets, major altcoins saw mixed performance despite Bitcoin’s drop.World no.2 token Ether climbed 1% to $3,043.14. Prior to this, the token broke below $3,000 for the first time since May.ADA/USD and XRP rose 2.5% and 0.7%, respectively, while Solana fell 0.4%. Among meme tokens, DOGE/USD dropped 1.8%, while Investing.com Shiba Inu Index added 0.8%.Selling pressure on Bitcoin spilled over into major altcoins, given that the token usually acts as a figurehead for the crypto industry. As such, crypto prices largely disregarded recent weakness in the dollar, amid growing optimism over interest rate cuts by the Federal Reserve. This trend saw Wall Street hit record highs.A testimony by Fed Chair Jerome Powell is set to offer more cues on interest rates this week. Key U.S. consumer price index inflation data is also on tap. Digital asset investment products saw net inflows of $441 million last week, breaking a three-week streak of net outflows, CoinShares said in a new report. The last time these products recorded net inflows was the week ending June 7, when investors added over $2 billion.Bitcoin accounted for $398 million of the inflows. CoinShares noted that it is unusual for BTC to represent only 90% of the total inflows. Among altcoins, Solana stood out, with SOL-linked products attracting $16 million.CoinShares attributed the inflows to recent price weakness, driven by defunct crypto exchange Mt. Gox preparing to repay creditors and the German government’s law enforcement agency moving large amounts of bitcoin to exchanges.Investors likely saw this as a buying opportunity, CoinShares said, however, the positive sentiment did not extend to blockchain equities, which experienced $8 million in outflows, bringing their year-to-date total to $556 million.  More

Inflation levels are evaluated using economic indicators such as the PPI and CPI, which have a direct impact on monetary policy decisions. A more aggressive stance on interest rates by the Federal Reserve in response to higher-than-expected inflation could have an impact on all financial markets, including cryptocurrencies.On the other hand, if inflation seems to be under control, the markets might feel some relief, and the price of digital assets might rise. The testimony of Chairman Powell is also a significant event because it provides information about the Federal Reserve’s outlook for the economy and its plans for future monetary policy.Increased volatility on the cryptocurrency market can be attributed to any sign of policy changes or shifts in the outlook for the economy. Investors and traders will be carefully observing any clues about interest rates and the Fed’s strategy for combating inflation.There is additional uncertainty because of the possible rate cut of 25 basis points. It might indicate the Federal Reserve’s intention to boost economic growth if it is put into practice, which could have a favorable impact on risk assets like cryptocurrencies. However, how these developments fit into current economic conditions and expectations will determine how the market responds in the main.The cryptocurrency market is going through a turbulent time right now. With resistance at the 200 EMA level, Bitcoin has found it difficult to hold its position above $58,000. Ethereum is struggling to maintain its upward momentum and is currently trading below the $3,000 mark. Broader market forces, such as massive liquidations and selling pressure from different entities such as government agencies and ETF holders, are aggravating these technical difficulties.This article was originally published on U.Today More

Overall, between July 1 and July 5 last week, Bitcoin lost more than 15% of its price, dropping from the $63,600 zone to $53,900. This plunge was followed by an attempt to regain the losses, with Bitcoin succeeding in gaining 8.3% as it surged back to the $58,370 level. After that, the above-mentioned 24-hour blow happened.Markus, who is famous on social media for his jokes and often dark, ironic takes on cryptocurrencies and the crypto market in general, commented this time on the current Bitcoin decline and the whole market following it deep to the South. He published a picture of a sinking yacht, which says: “How’s your crypto going?” The answer to that is the yacht’s title, which ambitiously says: “No Worries.”As for Dogecoin, it has followed the Bitcoin price trajectory lately – from July 1 until July 5, it lost almost 28%, plunging from $0.12693 to $0.09185. Then, a 20% recovery happened, followed by an 11.4% loss in the last 24 hours. So far today, the largest meme cryptocurrency has seen a marginal rise, comprising 3.64%, and DOGE is trading at $0.10428 as of this writing.Last week, he also stated that Bitcoin, perhaps, offers financial freedom, as Bitcoin maximalists insist, but this freedom shrinks once the BTC price begins to plummet. That post came out slightly before U.S. Independence Day last week.This article was originally published on U.Today More

HashKey Global, flagship licensed crypto exchange under HashKey Group is excited to announce the listing of XRADERS (XR). Deposits open on July 8, 2024, at 10:00 (UTC), with XR/USDT spot trading starting on July 11, 2024, at 8:00 (UTC), and withdrawals available from July 12, 2024, at 8:00 (UTC). Deposits and withdrawals will be via the BSC (BEP20) network.To celebrate the launch, HashKey Global is launching two events with a total prize pool of 142,000 XR and 120,000 USDT：Event 1: XRADERS (XR) Lock to EarnParticipants can lock ETH to earn XR tokens starting July 8, 2024, at 10:00 (UTC), with yield generation from July 11, 2024, at 8:00 (UTC) to July 14, 2024, at 8:00 (UTC). Rewards total 142,000 XR. KYC is required, and the ETH locking amount ranges from 0.003 to 1.5 ETH. Hourly yields are calculated and deposited daily.Event 2: New User Deposit and Trade to EarnFrom July 8, 2024, at 10:00 (UTC) to July 21, 2024, at 10:00 (UTC), new users who sign up, complete KYC, deposit XR, and make their first trade will earn 100 USDT. The first 1,200 to complete these steps will receive rewards.Invitation PrizeParticipants can invite friends to earn from a 10,000 USDT prize pool. Invitors receive 20 USDT per invitee who joins the Lock to Earn, on a first-come, first-served basis.For more details about the event users can visit: https://support.global.hashkey.com/hc/en-us/articles/14749861301916-Introducing-3rd-HashKey-Launchpool-XRADERS-XR-Earn-from-142-000-XR-and-120-000-USDT-Prize-PoolAbout HashKey GlobalHashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to global users. HashKey Global is licensed under the Bermuda Monetary Authority’s full Digital Asset Business investor protection regime under a Class F Full License.HashKey Global has a compliant listing system and will offer mainstream trading services like LaunchPad, futures, leverage and staking.HashKey Global is at the core of HashKey Group’s global licensed exchange landscape.Note: HashKey Global does not conduct business in the United States, mainland China, Hong Kong, and certain sanctioned countries.For more details:global.hashkey.comDisclaimerContactSenior PR ManagerLuna Wangluna.wang@hashkey.comThis article was originally published on Chainwire More