Author: American Coins & Gold

Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud
Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.

Protocol Village: Valora Introduces 'Mobile Stack' to Simplify Web3 Apps on iOS, Android
The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.

Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at K in Early 2023
The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.

Multicoin Pledges up to M for Pro-Crypto Senate Candidates

CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining
The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.

U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021
Before this morning’s jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.

First Mover Americas: Bitcoin Slumps Below K as Mt. Gox Flags Repayments
The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Traders Target K as Billions in BTC Selling Pressure Looms
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February.