Kraken announced the launch of its own wrapped Bitcoin token custodied by the crypto exchange. Dubbed ‘Kraken Bitcoin (kBTC),’ the new product is a fully backed, cross-network-compatible ERC-20 representation of Bitcoin. According to the official blog post, kBTC is held at the cryptocurrency exchange’s Wyoming-chartered Special Purpose Depository Institution (SPDI) – Kraken Financial. kBTC is...Read More
[PRESS RELEASE – Madrid, Spain, October 17th, 2024] Web3 companies have faced profitability challenges, worsened by scandals and media stigmatization, leading to a decline in investor trust. Many recognize the need to rebuild confidence and see the importance of cultivating engaged, trustworthy communities. Wagmind Media, a leader in 360° Web3 marketing, is at the forefront...Read More
Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem. The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD Escalates...Read More
On Oct. 17, om-chain analytics platform Santiment reported that Bitcoin whale transactions have spiked to their highest level in over ten weeks. There were 11,697 transfers worth more than $100,000 on Oct. 15 and the 16th was also shaping up to be a high day for whale activity. The platform also noted that social media...Read More
High-risk cryptocurrency loans are rising again, and according to insights from analysts, the growth cannot be considered a positive occurrence for the digital asset space. Data from the market analytics platform IntoTheBlock shows that high-risk loans have surged to the $5 million region, a level last seen during the crash of many crypto lenders in...Read More
According to filings with the United States Federal Election Commission, Marc Andreessen and Ben Horowitz each donated $2.5 million to a pro-Trump super PAC called Right For America. Their support for Trump is based on his policies being seen as beneficial to the crypto industry and startups, which they call the “little tech agenda,” according...Read More
The popular Solana-based meme coin Bonk (BONK) is making waves in the cryptocurrency landscape with its impressive performance. On October 16, 2024, the meme coin led the crypto market and outperformed top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many others. BONK’s Current Price Momentum According to the CoinMarketCap data, BONK is trading...Read More
The highly anticipated debate between incumbent Massachusetts senator and digital asset critic Elizabeth Warren and her pro-crypto challenger, John Deaton, finally happened. Among the highlights of the exchange was Senator Warren’s accusation that Deaton could become a mouthpiece for the crypto industry if he won, ostensibly putting its interests ahead of those who elected him....Read More
[PRESS RELEASE – London, United Kingdom, October 16th, 2024] Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth. Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions...Read More
World Liberty Financial (WLF), the highly anticipated decentralized finance (DeFi) protocol backed by Donald Trump, kicked off its public token sale on Tuesday, raising approximately $11.49 million on its first day. This figure represents around 3.8% of the protocol’s ambitious $300 million fundraising target expected from the token’s first sale. Figures Fall Short of Projections...Read More
There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to...Read More
Top cryptocurrencies such as Bitcoin, Ethereum, and the rest of the market saw significant declines in early October due to rising geopolitical tensions between Iran and Israel, sparking fears about the stability of digital assets as a “safe haven.” Although prices have since recovered by mid-October, lingering concerns about market volatility persist. Evaluating Bitcoin Amidst...Read More
Tron (TRX) price has gradually been grinding up since early 2023, despite the short-term crypto correction experienced since early March this year. The large-cap altcoin, with a fully diluted valuation of about $13.7 billion and a daily average traded volume of over $451 million, has been retesting its 2021 all-time high (ATH) in the past...Read More
[PRESS RELEASE – Bangkong, Thailand, October 16th, 2024] INFINIT is proud to announce announces the launch of the INFINIT Rewards System and INFINIT Ecosystem Protocols, designed to encourage community involvement in building a decentralized finance (DeFi) abstraction layer and enabling decentralized ownership within the INFINIT framework. The INFINIT Rewards System introduces INFINIT Stones, which are...Read More
Grayscale Investments has filed a request with the U.S. Securities and Exchange Commission (SEC) to convert its mixed-crypto fund into an exchange-traded fund (ETF). This development comes as Canary Capital makes plans for a spot Litecoin ETF. Grayscale’s New ETF Currently trading over the counter, Grayscale’s Digital Large Cap Fund (GDLC) has $524 million in...Read More
Bitcoin witnessed record-breaking fees due to the frenzy of activity on the new Runes Protocol, which went live on its fourth halving event. After months of inactivity, Runes activity is seeing a notable resurgence. Bitcoin Runes Stages Comeback The latest data compiled by IntoTheBlock shows that the number of Bitcoin Runes transfers has tripled since...Read More
Elon Musk’s Tesla has moved almost its entire stash of 11,500 BTC worth around $760 million, according to Arkham Intelligence. There were 26 transactions in total on Oct. 15 to various w9allet addresses, it revealed. The Tesla holdings had been dormant for two years up until these latest transactions. The wallet balance is now zero,...Read More
Amid the ongoing price correction across the cryptocurrency market, Elon Musk’s Tesla has just moved a substantial amount of Bitcoin (BTC) to an unknown wallet. On October 16, 2024, the on-chain intelligence firm Arkham made a post on X (Previously Twitter) that the giant electric car manufacturer, Tesla had just moved 11,500 BTC worth $760...Read More
U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto...Read More
BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself....Read More
Sui Foundation, the non-profit organization behind the layer-1 blockchain and ecosystem, has debunked allegations of insiders selling $400 million worth of the network’s native token, SUI since the asset began its remarkable rally. According to a tweet from the foundation, the wallet address involved in the sales likely belongs to an infrastructure partner, and the...Read More
A surge of interest in XRP spot ETFs has recently stirred the crypto community, as Bitwise filed for XRP-based ETFs. This move took some by surprise, given that many expected Solana to be the next major focus after firms like VanEck filed for a Solana ETF, only to later withdraw. The Political Influence on Crypto...Read More
[PRESS RELEASE – SEOUL, KOREA, October 14th, 2024] In a remarkable rise, the Korean-origin K-Meme, Pepe Buldak, has exceeded $1 million in presales in less than a month, capturing widespread attention. This meme coin has set itself apart from other projects with its automatic staking reward system and a policy of offering 5x rewards, which...Read More
Crypto payments company Ripple has revealed its preliminary exchange and market maker partners for the launch of its dollar-pegged stablecoin Ripple USD (RLUSD). The exchange partners are Bitstamp, Bitso, Bullish, CoinMENA, Independent Reserve, MoonPay, and Uphold. In addition, B2C2 and fellow market maker Keyrock will provide liquidity support for RLUSD. Advisory Appointments “With our initial...Read More
[PRESS RELEASE – DUBAI, United Arab Emirates, October 15th, 2024] WSOT 2024 partners with the world’s top crypto ecosystem players, offering traders access to exclusive content, Web3 engagement, and a chance for incredible prizes. DUBAI, United Arab Emirates, October 14, 2024 — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially opened registration...Read More
[PRESS RELEASE – Gros Islet, Saint Lucia, October 15th, 2024] SingularityDAO, Cogito Finance, and SelfKey have announced a strategic token merger to launch Singularity Finance, an EVM Layer-2 for tokenising the AI economy’s Real World Assets (RWA). Combining the trio’s complementary technologies will power a platform optimised for Artificial Intelligence tokenisation that will accelerate Web3....Read More
Bitcoin on-chain metrics are flashing bullish signals. The cryptocurrency’s open interest just hit an all-time high, and demand is growing at a fast monthly pace. Data from market intelligence platform CryptoQuant shows that bitcoin’s open interest has reached a record high of $19.8 billion. Pseudonymous analyst EgyHash said this points to a bullish sentiment among...Read More
Ethereum co-founder Vitalik Buterin has shared his thoughts on the future of the blockchain, highlighting key improvements aimed at making the network faster, more secure, and accessible to more users. He said that while 2022’s transition from proof-of-work (PoW) to proof-of-stake (PoS) has been largely successful, some areas of the network still needed improvement. Faster...Read More
Bitcoin prices reached $66,500 during late trading on Oct. 14, according to CoinGecko. It is the highest level since late September when it hit a similar price but was rejected at resistance. The asset seems to be behaving similarly again, with resistance forcing a retrace to $65,400 during Tuesday morning trading in Asia. Analyst ‘CrediBULL...Read More
[PRESS RELEASE – Leeds, United Kingdom, October 14th, 2024] Minutes Network, the world’s first blockchain-based international voice-calling and wholesale termination service provider, is thrilled to announce the appointment of Jamie King as its new Chief Marketing Officer, effective October 14th, 2024. With a pioneering career in driving digital marketing transformations, Jamie is set to lead...Read More
