Cryptocurrency

John Belizaire, CEO of Soluna Holdings, commented, “We continue to execute on the plan laid out in my letter to shareholders. In June we gave an operational update that focused on achieving cash flow positive from operations during the second half of 2023. As one can see by these updates, we continue to get more miners online, and are now on track to exceed 2 EH/s under management.”Project Sophie (Hosting):Project Dorothy 1A (Hosting):Project Dorothy 1B (Prop-Mining):Additional Company Updates:Note(s):1 Under GAAP accounting rules, the new Project Sophie hosting contract revenue does not include power cost as it is a passthrough cost. Project Sophie’s earning power appears in the Earnings Power Illustration dated June 21, 2023.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.About Soluna Holdings, Inc (SLNH)Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’View source version on businesswire.com: https://www.businesswire.com/news/home/20230725248272/en/Sam SovaFounder and [email protected]: Soluna Holdings, Inc. More

The primary cause of such a prediction is the potential for a liquidation spiral. If Bitcoin’s price dips below the $29,000 threshold, we could see an avalanche of long liquidations. Long orders from $29,000 to $28,500 are aligned in a cascade-like fashion, meaning a price drop would likely lead to a series of liquidations, causing a further dip in Bitcoin’s price.This kind of downward spiral has been observed before and can exacerbate the volatility of Bitcoin’s value. These rapid, cascading liquidations can quickly drive the price downward, creating a bearish environment that could lead to the suggested $28,500 price target.However, it is important to note that this is not a one-way street. If such a significant price drop were to occur, many traders might view it as an opportunity to “catch a knife.” This term refers to the practice of buying an asset after a significant price decline in the hopes of profiting when the value rebounds. In the event of a sudden drop in price, we could see a surge in long order volumes as traders attempt to capitalize on the situation.While these predictions are based on market behaviors and technical indicators, they remain speculative. Bitcoin’s volatile nature and the numerous variables affecting its price make predicting future values challenging. Therefore, traders should exercise caution and not base their analysis solely on technical data or the futures market.This article was originally published on U.Today More

In a tweet published on July 24, decentralized game publisher Treasure posted that its X accounts, Playontreasure and Playbridgeworld, were taken over by hackers. The organization warned users to refrain from interacting with links shared by the accounts. Continue Reading on Coin Telegraph More

Uncertainty over the value of the contents is the primary risk connected to NFT mystery boxes. That said, there is a possibility that the contents of the box may not live up to expectations or have the desired value. Continue Reading on Coin Telegraph More

As expected, Bitcoin (BTC) led the liquidations with a total of $40.63 million in liquidations recorded overnight. Long traders accounted for $37.95 million of this bogus sum, and short traders about $2.69 million. Ethereum (ETH) ranked as the second most liquidated digital currency with a total of $12.14 million.The liquidation figure is justified, seeing the price of both Bitcoin and Ethereum plummeting by a mile over the past 24 hours. While BTC is trading at a price of $29,185.25, down by 1.91% to breach the core support level at $30,000, Ethereum has shed as much as 0.84% to $1,854.29 within the same time span.Surprisingly, the Worldcoin (WLD), which was supported by some of the biggest exchanges, also recorded a mild liquidation of $4.45 million, per CoinGlass data.Thus far this year, there are a series of made by U.Today, and naturally, the liquidations tend to clear off as market conditions return to being favorable. At the moment, the broader ecosystem appears distracted by the events around Twitter’s rebranding to X, especially as it the future of cryptocurrencies like Dogecoin (DOGE).The crypto ecosystem has exhibited strong resilience over the past few months; this current setback may be another springboard for new rallies.This article was originally published on U.Today More

This milestone signifies that Satoshi Nakamoto’s Bitcoin has completed 867 million successful transactions since its first block as the network gets closer to its fourth halving event. Bitcoin (BTC), the pioneering digital currency, has surpassed a significant milestone by mining the 800,000th block.Block 800,000 signifies 867 million confirmed transactions, averaging 1,084 transactions per block, all securely stored within a compact 497 GB blockchain. The mining of block 800,000 has brought attention to Bitcoin’s upcoming fourth halving event.The halving process gradually reduces the rate at which new BTCs are issued, further fueling Bitcoin’s scarcity and distinguishing it from traditional fiat currencies subject to hyperinflation. This event is set to occur in approximately the next 40,000 blocks or around 9 months.Various experts have offered diverse predictions for Bitcoin’s future price projection. Earlier this month, Standard Chartered (OTC:SCBFF) raised its Bitcoin price forecast, projecting the digital asset to reach $120,000 by the end of 2024.On the other hand, venture capitalist Tim Draper remains optimistic about Bitcoin’s bullish potential, envisioning a price of $250,000 for the digital asset by June 2025 after initially predicting that milestone will be hit in 2022.The current price of Bitcoin (BTC) at $29,177 reflects the recent struggles the cryptocurrency has faced in maintaining its position around the $30,000 range. This comes after reaching a high of $31,800 on July 13, which was partly driven by the anticipation surrounding Bitcoin ETF filings and Ripple’s partial legal victory over the SEC. However, the 2.97% price decline in the last 24 hours and a 3.19% decline in the past seven days indicate a certain level of market uncertainty and potential bearish sentiment. The Relative Strength Index (RSI) value on the weekly timeframe at 53.25 suggests that Bitcoin’s price is not strongly overbought or oversold but rather hovering around a neutral zone, indicating a potential equilibrium between buyers and sellers.As the nearest support on the daily timeframe lies at $28,000, this level may provide a potential floor for further downward movements in the short term. On the other hand, the current resistance at $30,000 is now acting as resistance for bulls attempting to push the price higher. This article was originally published on Crypto.news More

In a July 24 announcement, Arkham Intel (NASDAQ:INTC) Exchange said it had accepted a submission from two “on-chain sleuths,” resulting in a bounty payment of 9,519.2625 Arkham (ARKM) — roughly $5,000 at the time of publication. An anonymous user and Ergo, a self-described “glorified accountant” working with OXT Research, sent the platform “evidence of wallets” owned by Kwon and Terra. Ergo said this information could contradict public statements from Terra on holding only one Luna Foundation Guard wallet, in which a reported 313 Bitcoin (BTC) remains in reserve. Continue Reading on Coin Telegraph More

In addition to Connext, decentralized finance (DeFi) platform Alchemix Finance will implement xERC-20 tokens, the announcement stated.Continue Reading on Coin Telegraph More