Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM)...Read More
The United States’ most popular independent candidate for President has officially placed his political support behind Donald Trump in the 2024 Presidential election. His endorsement places two of three leading Presidential candidates who are explicitly pro-Bitcoin on the same political team. Why RFK Has Endorsed Trump Kennedy said that the Trump campaign had offered him...Read More
The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis,...Read More
[PRESS RELEASE – Douglas, Isle of Man, August 23rd, 2024] Since its launch, Mahjong Meta has been dedicated to creating a competitive Mahjong esports platform, blending the charm of Mahjong culture with Web3 to serve gaming and Mahjong enthusiasts worldwide. During the test operations, the feedback and support from the Mahjong players and community have...Read More
Federal Reserve chairman Jerome Powell promised to start cutting interest rates during his speech at the annual 2024 Jackson Hole Economic Symposium on Friday. This will mark the central bank’s first rate cut since 2020, and is already proving bullish for Bitcoin’s price. The Fed Pivot Is Confirmed “The time has come for policy to...Read More
Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days. Biggest Breakout in Bitcoin...Read More
[PRESS RELEASE – New York City, New York, August 23rd, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after...Read More
Crypto over-the-counter (OTC) desks, which facilitate high-volume transactions among buyers and sellers, currently hold 368,000 bitcoin (BTC), valued at a staggering $22 billion in current market prices. This marks the highest level seen since June 2022. A report from on-chain analyst CryptoQuant revealed that the $22 billion in BTC was propelled by a notable 70%...Read More
Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total...Read More
[PRESS RELEASE – Dubai, UAE, August 23rd, 2024] Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide. Revolutionizing Trading with Trade 2.0 Trade...Read More
In a post on X on Aug. 23, crypto analyst Murad Mahmudov explained why he thought that “cult meme coins” would continue to outperform everything until the end of the market cycle. He added that every crypto cycle has a few core narratives that dominate with Ethereum, altcoins, and ICOs for 2017, alternative layer-1s, DeFi...Read More
Around 18,400 Bitcoin options contracts are due for expiry on Friday, August 23. They have a notional value of around $1.1 billion. Today’s options expiry event is a little smaller than last week’s, so its impact on spot markets is likely to be limited. The much larger month-end expiry event next week has a notional...Read More
[PRESS RELEASE – Amsterdam, Netherlands, August 22nd, 2024] Hivello, a leading aggregator of decentralized physical infrastructure networks (DePINs), has announced a strategic partnership with Mysterium Network, a pioneer in decentralized networking and VPN services. This collaboration aims to integrate MystNodes into the Hivello platform, driving mutual growth, enhancing network capabilities, and expanding user engagement within...Read More
Former Binance CEO Changpeng Zhao (CZ) has been moved from his prison to the RRM Long Beach halfway house in California. However, X users and numerous crypto firms have mistakenly interpreted the news to be an early release for Zhao. Zhao To Be Released In September CZ was initially being held at FCI Lompoc II...Read More
