Cryptology Experts Outline Future Scenarios for Bitcoin and Ethereum Prices
Cryptology analysts presented two possible scenarios for Bitcoin and Ethereum. The first scenario predicts price growth due to increasing institutional interest and technological progress. The second scenario foresees short-term decline due to regulatory risks and macroeconomic instability. The emphasis was placed on monitoring market conditions and adapting investment strategies accordingly.
Core Scientific Mined 430 BTC in June
Core Scientific, one of the largest Bitcoin mining companies, announced it mined 430 BTC in June 2024. This figure reflects the company’s efficiency and stability even amid market volatility. The mined bitcoins will be partially sold to cover operational expenses, with the remainder kept in company reserves.
Bundestag Members Urge Government to Halt Bitcoin Sales
In Germany, Bundestag members urged the government to halt the sale of bitcoins confiscated in government operations. They expressed concerns about the potential impact of such sales on market prices and cryptocurrency market stability. The members suggested exploring alternative uses for the seized digital assets.
Bybit Launches Rewards Program to Celebrate Increased Spot Trading Volume
Cryptocurrency exchange Bybit announced a new rewards program for users, celebrating a significant increase in spot trading volume on the platform. The program offers various bonuses and discounts for active traders, aimed at encouraging further trading activity and strengthening the exchange’s market position.
Vitalik Buterin and Ethereum Featured in Documentary Series
A documentary series has been released, focusing on Ethereum founder Vitalik Buterin and the development of the second-largest cryptocurrency by market cap. The films explore the project’s early years, innovative solutions, and impact on the crypto industry. Interviews with Buterin and other key figures highlight the project’s main challenges and achievements.
Cointelegraph Accelerator and Incrypted Organized VC Startup Connect in Kyiv
Cointelegraph Accelerator, together with Incrypted, hosted the VC Startup Connect event in Kyiv, bringing together leading venture capitalists and crypto industry startups. The event aimed to create a platform for experience sharing, attracting investments, and promoting innovative projects. Participants praised the high level of organization and productive meetings.
Bitcoin Mining Difficulty Decreased by 5%
Bitcoin mining difficulty decreased by 5% following a recent drop in network hash rate. Experts attribute this to temporary equipment shutdowns and some miners switching to more profitable cryptocurrencies. The decrease in mining difficulty could increase profitability for remaining miners and potentially attract new participants.
