In this bearish market sentiment, cryptocurrencies are experiencing significant selling pressure. Amid this ongoing market downturn, on August 29, 2024, Ripple traders booked over $8.25 million in profit, according to the data from the on-chain analytic firm Santiment. XRP Price Under Pressure Historically, significant profit booking often leads to a massive price drop or increased...Read More
The Singapore-based cryptocurrency exchange Crypto.com has partnered with Standard Chartered, the leading multinational banking institution, to offer fiat services to retail users worldwide. According to a press release shared with CryptoPotato, Standard Chartered will provide the exchange with banking and payment solutions to enable the deposits and withdrawals of the United States dollar (USD), the...Read More
The leading Bitcoin layer-2 network, Stacks, has commenced implementing its Nakamoto upgrade, which will enhance functionality and integration with its base blockchain. According to a press release shared with CryptoPotato, Stacks began the Nakamoto Activation Sequence on August 28. The process has four key steps, including the final code delivery, Cycle 92; the upgrade period...Read More
Polygon (MATIC) has been experiencing a decline in network activity since the broader crypto market retrace began in March. However, recent data shared by the crypto analytic platform Santiment indicates a potential shift in this trend. Bullish Reversal for Polygon (MATIC)? Polygon’s native token, MATIC, has lost over 17% of its value in the past...Read More
The X account of French football star Kylian Mbappe was reportedly hacked on August 29, with the attackers posting multiple messages promoting a suspicious cryptocurrency named ‘$MBAPPE.’ The posts, which also included opinions on contentious topics such as the Israel-Palestine conflict, caught the attention of many, leading to significant financial losses for some. Investor Loses...Read More
[PRESS RELEASE – Gibraltar, Gibraltar, August 29th, 2024] ReformDAO, a decentralized market maker pioneering the path towards more accessible, transparent, and equitable market-making practices, has announced the listing of its native token, $RFRM, on leading cryptocurrency exchanges Gate.io, Mexc.com and Bitget.com. Signaling a major milestone in ReformDAO’s journey to reshape the market-making landscape in the...Read More
A long-dormant Bitcoin (BTC) address has been reactivated after more than 11 years of inactivity. The wallet, which holds 100 BTC, was brought back to life on August 29, according to blockchain tracking service Whale Alert. Worth a mere $14,202 when the address was last used in 2013, the crypto stash has jumped by more...Read More
With Ethereum price reclaiming the $2,500 mark, top altcoins have displayed a significant uptrend in their respective portfolios. Moreover, Ethereum-based altcoins have recorded a similar price action by breaking out of their resistance levels. Planning on investing in these tokens but concerned about their future? That has fueled questions like “Will ETH price reclaim $3K?”...Read More
The Open Network (TON) faced yet another setback this week, with its second major outage within 36 hours, which temporarily disrupted blockchain functionality. During this period, the TON network has endured over 12 hours of outages in total. TON Network Buckles Under Pressure The network went offline at 7:17 pm UTC on August 28, and...Read More
On 30 August 2024 at 04:00:05 UTC, BitMEX will update the Index Multipliers of basket indices. The Index Multipliers will be scaled based on the Conditional Index Multipliers below to ensure that the index price has the same value as the previous Index Multipliers. Please refer to the respective index pages for the actual Index...Read More
[PRESS RELEASE – WILLEMSTAD, Curacao, August 29th, 2024] On August 28, 2024, BC.GAME, one of the world’s leading igaming platforms, announced that it has become one of the first igaming platforms to support DOGS deposits and withdrawals. Currently, users can use DOGS to play all games and place sports bets on BC.GAME, with related deposit...Read More
The AI and semiconductor giant announced its second-quarter earnings on Aug. 28 with a net income increase to $16.6 billion. The tech giant reported revenue of $30 billion, up 122% year-over-year and 15% quarter-over-quarter. The bullish revenue report could boost the burgeoning artificial intelligence sector and have a knock-on effect on crypto assets, but that...Read More
Cryptocurrency projects heavily focus on incentivization to generate interest in their brand and products. Airdrops serve as a dual-purpose strategy, both introducing users to the project and rewarding them, effectively functioning as a combined marketing and reward system. There has been a good number of airdrops this year. Ethereum co-founder Vitalik Buterin highlighted the potential...Read More
