Ethereum
Crypto News Today – July 16, 2024
Welcome to “Crypto News Today,” your daily digest of the crypto industry.
Bitcoin hits $64,900 as Trump-related transactions surge
Bitcoin surged 8.6% to $64,900 on Trump’s pro-crypto plea and improved election odds, with a 70% probability of victory now on Polymarket. The rally broke above the 200-day simple moving average, a key indicator for momentum traders. Read all about it on the TDR website!
South Korea Considers Postponing 20% Cryptocurrency Tax
South Korea is considering delaying the implementation of its 20% tax on cryptocurrency gains, amid growing pressure from the country. The potential delay is aimed at addressing concerns from investors and industry players.
Bitcoin miner Northern Data to issue 10.7 million new shares
Bitcoin mining company Northern Data plans to issue 10.7 million new shares to fund the expansion of its cloud platform. The move is expected to strengthen its infrastructure and support future growth.
Investors are more bullish on Ethereum than Bitcoin
A crypto derivatives analysis report conducted in collaboration with BlockScholes indicates that investors are currently more bullish on Ethereum than Bitcoin. This change in sentiment reflects Ethereum’s growing utility and advancements in its ecosystem.
Investment flows into digital assets reach $17.8 billion
According to data from CoinShares, investment flows into digital assets have reached a record $17.8 billion. This increase underscores the growing interest and confidence of institutions in the cryptocurrency market.
Fake developers flood cryptocurrency job sites amid market boom
Amid an ongoing bull market, cryptocurrency job boards are seeing an increase in fake developer profiles, a trend that highlights the challenges of finding legitimate talent in the rapidly growing DeFi sector.
Read more cryptocurrency news on the TDR website!