According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year’s...Read More
The overall cryptocurrency market is in a downturn, but key metrics are flashing that the XRP price is set to skyrocket. In the past week, XRP has experienced a massive price drop of over 12% potentially due to the bearish market sentiment and the recent decline in Bitcoin (BTC). XRP’s Bullish Signals The current data...Read More
Last month, the crypto space experienced $313 million in losses due to over ten different hacks. Of the total stolen funds, 93.5% were lost in two large phishing attacks that occurred during that time. August Cases According to a post by blockchain security firm PeckShield, the two incidents combined for a loss of about $293.4...Read More
Data from bitcoin (BTC) on-chain analysis platform Bitbo shows that miners of the largest cryptocurrency suffered their worst month in nearly a year in terms of revenue generation. According to figures available on the dashboard, BTC mining activities secured $827 million in August, a more than 10% decrease from July’s $927.35 million. Transaction Fees Fall...Read More
Digital asset investment products witnessed $305 million in outflows last week, with negative sentiment widespread among various providers and regions. CoinShares attributes this to stronger-than-expected economic data from the United States, which has lowered the probability of a 50-basis point interest rate reduction. The asset manager further expects that as the Federal Reserve approaches a...Read More
[PRESS RELEASE – Vancouver, Canada, September 2nd, 2024] On August 6th, Roam announced a 20 million $ROAM token airdrop for all users who owned miners and NFTs prior to the Token Generation Event (TGE). This airdrop initiative offers substantial incentives to early network supporters. To qualify for this airdrop reward, users need to register their...Read More
[PRESS RELEASE – London, UK, September 2nd, 2024] The cryptocurrency market has witnessed a surge in presale events, with Artemis Coin emerging as a standout success story. In a remarkable feat, this presale crypto has raised an impressive $500,000 and secured listings on seven exchanges. This achievement highlights the growing interest in token presales and...Read More
Layer-1 blockchain Cardano, founded by Ethereum co-founder Charles Hoskinson, has completed its much-anticipated Chang hard fork, entering the final stages of the project’s development dubbed Voltaire era (the last era of the blockchain’s roadmap, focusing on decentralized governance). Completed on September 1, at 21:44 UTC at block 10764778, the upgrade will transform Cardano’s governance, where...Read More
On Polymarket, election bettors are once again leaning toward Republican candidate Donald Trump. In the meantime, Kamala Harris, the Democratic contender, saw her odds dip to 47% over the weekend, down from an earlier 50/50 chance. Trump Surges Back to 53% on Polymarket Trump’s odds of winning the November election had peaked at 71% in...Read More
Despite another dip in crypto markets over the weekend, they have been largely range-bound for the past six months. On Sept. 2, on-chain analyst James Check said that the Bitcoin “chopsolidation is evolving.” He added that the swings are getting larger and more sustained but cautioned that the price range is becoming unstable. “Screams to...Read More
Meanwhile, crypto assets continue to decline in what has been a divergence from tech stock markets, which continue to see growth. Last week’s economic reports painted a rosy picture of a robust economy, resilient consumer spending, and gradually cooling inflation. This is the fuel for the Federal Reserve to ease its monetary policy, with investors...Read More
[PRESS RELEASE – Singapore, Singapore, September 2nd, 2024] XinFin XDC Network, an EVM-compatible Layer 1 blockchain, and Foundership, the leading global Web3 accelerator, have announced the kickstart of the 12-week XDC 0xCamp accelerator program. This initiative is designed to provide a transformative platform for 6 innovative startups selected from hundreds of applications worldwide. These startups...Read More
A London resident has become the first person in the UK to be charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, 37, of Langdon Crescent, East Ham, was arrested on April 28, 2023, following a raid by Kent Police at a gadget shop in Chatham. Medway Trader Faces Charges for Laundering £300,000...Read More
