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The latest crypto coverage from the TrustFinance editorial desk.
A report indicates that business intelligence firm MicroStrategy sold 1,638 BTC, a notable move for the largest corporate holder of the cryptocurrency, which is known for its aggressive accumulation strategy.
The project behind the SNC token has publicly called out cryptocurrency exchange BitMart for failing to process three large withdrawal requests pending for nearly eight days, raising questions about the exchange's operational stability.
The price of Bitcoin has fallen below the $63,000 mark following reports of a nearly $90 million hack targeting Coldcard hardware wallets. Weak quarterly earnings from major crypto firms like Coinbase and Strategy Inc. have further pressured market sentiment.
Bitcoin is consolidating near the key $62,000 support level, with conflicting technical signals creating a tense environment for traders as the cryptocurrency awaits a decisive breakout or breakdown.
The cryptocurrency is showing resilience above the $63,000 level as investors weigh nearly $89 million in losses from a Coldcard wallet flaw and significant selling from Trump Media against renewed inflows into spot Bitcoin ETFs.
Cardano (ADA) posted a double-digit gain on Sunday, its best single-day performance in nearly a month, pushing its market capitalization to over $6.78 billion. The token significantly outperformed broader market leaders like Bitcoin and Ethereum.
Bitcoin's price dipped to start August but closed out July with a 7.5% increase, showing resilience amid rate hike concerns and a newly disclosed $70 million hardware wallet exploit.
The world's largest cryptocurrency traded in a tight range, failing to join a tech-led stock market rally amid uncertainty over the Federal Reserve's interest rate path and rising Middle East tensions.
Cryptocurrency exchange Bybit has added 10 new tokens to its Proof-of-Reserves disclosures, bringing the total to 50. Its 38th report, verified by Hacken, shows major assets like Bitcoin and Ethereum are fully collateralized.
