GildCoin - Crypto News

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2023-07-04 19:54:01 Biggest Movers: ADA Extends Gains, Hitting 10-Day High on Tuesday

Cardano was one of the notable gainers on July 4th, as the token jumped to a ten-day high in today’s session. The move came as the global cryptocurrency market was mostly in the green, despite the lower than usual market volume. Polygon also hit a multi-week high.

Cardano (ADA) climbed to a ten-day high on Tuesday, despite the market volume being low as a result of Independence Day in the United States.

ADA/USD rose to a peak of $0.3009 earlier in the session, which comes a day after dropping to a bottom at $0.2917. Open / Comment

2023-07-01 19:27:03 NFT Sales Dip in June — Ethereum Dominates, Bitcoin Stumbles, and Bored Ape Rises

In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 4.3% compared to the previous month. The latest figures show a slide from $739.50 million recorded in May to $707.70 million in June.

Data from cryptoslam reveals that NET sales in the previous month experienced a slight decrease compared to May.

Among 22 different networks, Bitcoin emerges as the second-highest blockchain in terms of sales. In June, BTC-based NFT sales amounted to $110.30 million, representing 15.60% of the total sales.

Completing the top five blockchains in terms of sales are Mythos and Polygon, trailing behind THE, BTC, and SOLD. However, both Mythos and Polygon experienced a decline in NFT sales during June compared to May.

In June, Uncategorized Ordinal NFT sales witnessed a notable increase of 1.44% compared to May. Open / Comment

2023-06-28 18:49:01 Judge Rejects Bankman-Fried’s Attempt to Dismiss Criminal Charges, Calls Arguments ‘Unpersuasive’ and ‘Without Merit’

On Tuesday, U.S. district judge Lewis Kaplan rejected Sam Bankman-Fried’s attempt to dismiss criminal charges against him. Bankman-Fried claims he was charged in a manner that violates the “rule of specialty” as far as the extradition treaty between the Bahamas and the United States is concerned.

SBF’s legal team insisted that the United States exceeded the initial agreement’s scope by bringing forth charges that were not part of the extradition arrangement. Judge Kaplan determined that the charges brought against Bankman-Fried were within the permissible scope of the extradition treaty.

As a result, the judge rejected Bankman-Fried’s attempt to dismiss the criminal charges, indicating that he would have to face trial for the offenses specified in the extradition process.

A great deal of SBF’s arguments leverage the language written in the indictments and jurisdiction gray areas to justify the dismissal of the charges against him. Yet the judge details on numerous occasions that the defendant’s arguments are “unpersuasive” and the counts against SBF “are legally sufficient.” Open / Comment

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2023-06-25 17:49:02 Crypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain

On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar. Furthermore, numerous other crypto assets have made notable gains, with bitcoin cash leading the way with an 88.2% increase.

Over the past 48 hours, the cryptocurrency market’s worth has grown by an additional $30 billion. As of June 25, among the 9,941 cryptocurrencies listed on coingecko, the market cap stands at $1.24 billion – a 0.4% increase at 9:34 a.m. (ET) within the last day.

In the past day alone, global crypto trade volume reached $38.62 billion; of this sum, $24 billion were paired with stablecoins. The most significant weekly gain was achieved by bitcoin cash (BCH), which rose 88.2% against the U.S. dollar.

Pepe (PEPE) also emerged as one of this week’s market frontrunners, increasing by 64.7% within seven days.

Bitcoinsv (BSV) experienced a notable 44.8% weekly uptick against the dollar, making it the fourth-largest gainer in growth. Open / Comment

2023-06-22 18:41:01 Pepe Surges Amidst MemeCoin Market Gains; Whales Accumulated Significant PEPE During Price Dip

While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the pack with a 34% increase in the last 24 hours and a 66% increase over the past week.

The meme coin economy witnessed a surge in value on June 22, 2023, with a 6.9% increase over 24 hours, bringing the current market valuation to $15.5 billion at 8:03 a.m. Eastern Time, June 22.

Among the top five meme tokens, pepe (PEPE) emerged as the leader in meme coin gains last week, surging by 66% against the U.S. dollar.

While PEPE experienced significant weekly gains, milady meme coin (LADYS) also soared by 66%. However, LADYS recorded a decline of 6.7% in the past day.

While pepe (PEPE) has experienced a significant decline in value since its highs in early May, the number of PEPE holders has risen to 121,821 compared to the 107,617 recorded on May 11. Open / Comment

2023-06-19 19:56:01 Bitcoin Network Gears Up for Fourth Surge in Mining Difficulty Amid Record Highs and Unwavering Miners

The Bitcoin network has witnessed a consecutive surge in mining difficulty during the past three retargets, and now a fourth increase is slated for June 27, 2023. The block generation time, averaging less than ten minutes, indicates that the difficulty is projected to climb by an estimated 2.1% to 2.33% based on the latest statistics.

In just eight days, the Bitcoin network is poised to readjust the difficulty encountered by miners, and once more, an increase is on the horizon.

Currently standing at an unprecedented 52.35 trillion, the total difficulty has reached an all-time high (ATH).

Despite the current lower BTC prices and high difficulty, miners have displayed unwavering determination by continuing to bolster their efforts. Open / Comment

2023-06-16 18:24:02 French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations

Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions of Binance’s subsidiary in the country.

Amid mounting challenges faced by the crypto exchange Binance, recent developments reveal that French authorities have turned their attention to the exchange’s French subsidiary. Following the legal action taken by the U.S. Securities and Exchange Commission (SEC) against Binance, reports indicate that law enforcement officials in France have initiated an investigation into the matter.

The complaint against Binance contains accusations of “aggravated money laundering” and charges related to the “illegal provision of services for digital assets (PSAN).” Open / Comment

2023-06-13 19:07:01 Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report

Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800.

Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the $26,000 level.

Following a low of $25,686.04 to start the week, BTC/USD raced to a peak of $26,261.14 earlier today. The move saw bitcoin near a recent resistance level at $26,300, which is one of the last hurdles stopping bulls from moving towards $27,000.

Additionally, ethereum (ETH) moved marginally higher, however it continued to trade below $1,800. ETH/USD jumped to a high of $1,757.89 earlier in today’s session, which comes a day after the price was at a bottom of $1,723.09.

The latest surge came as bulls took charge at a floor of $1,730, with the RSI bouncing from a floor of its own at 38.00. Should the index move beyond the aforementioned ceiling, there is a strong possibility that ETH will climb to $1,800. Open / Comment