Agile Energy X – a company incorporated in Tokyo, Japan, and a subsidiary of the Tokyo Electric Power Company (TEPCO), is reportedly tapping into Bitcoin mining. According to recent coverage, the firm looks to expand its capabilities through Bitcoin mining, banking that it can prevent waste of excess renewable energy. It’s important to note that...Read More
[PRESS RELEASE – Singapore, Singapore, September 9th, 2024] Yield Staking and Auction-focused Pencils Protocol announced the successful completion of its strategic round of fundraising, which has propelled to an impressive $80 million post-money valuation. This round was led by Taisu Ventures, DePIN X, Bing Ventures, and Black GM Capital etc. Pencils Protocol has been on...Read More
On Sept. 9, crypto trader and analyst ‘Daan Crypto Trades’ told his 382,000 X followers that this cycle is not like previous ones as BTC made a new high before the halving but has stalled since. However, it is still ahead of where previous cycles would be relative to those highs, he said before adding:...Read More
Last week was a brutal one for crypto markets, with losses extending into the weekend. A raft of employment data out of the US didn’t prevent stock markets from falling either, as ‘Slumptember’ lives up to its name. This week will be heavy on inflation data with additional reports on jobless claims. “This is the final...Read More
The United States Federal Bureau of Investigation (FBI) has issued a paper alerting the public of “aggressive” attacks from North Korean hackers against the crypto industry and companies associated with digital asset investment products. According to the report, these attacks consist primarily of sophisticated social engineering tactics that even crypto employees and market participants well-versed...Read More
Since Ethereum underwent the Merge two years ago, its performance relative to Bitcoin has declined significantly. From gradually losing its reputation as ultra-sound money, ether (ETH) is currently a few steps away from falling into the undervaluation territory. Blockchain analytics platform CryptoQuant has identified the major drivers of Ethereum’s underperformance since the Merge, including inflationary...Read More
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January. At the same time, the Ethereum counterparts still see little activity, with investors’ demand and interest obviously missing. Bitcoin ETFs’ Negative Streak CryptoPotato reported last...Read More
Bitcoin’s market price on crypto exchanges fell to its lowest price since the early August massacre when it dumped below $50,000 for the first time since the spot Bitcoin ETFs were greenlighted in the US and started seeing actual demand. BTC bounced off the previous such crash and even soared to $65,000 weeks later. However,...Read More
In a landmark case in Scotland, £110,000 (worth approximately $144,384) has been seized from 29-year-old John Ross Rennie. This marks the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. This case was settled at the High Court in Edinburgh. Violent Robbery Rennie of Cambuslang was convicted of...Read More
After a continuous price drop of over 12% in recent days, Tron (TRX) is now poised for an upside rally, as its price action and on-chain metrics hint at bullishness. Following its breakout of a strong resistance level of $0.145 has soared more than 16% and never retested. Tron Successful Breakout Retest With the recent...Read More
The U.S. Federal Reserve has issued a cease-and-desist order against United Texas Bank (UTB), one of the few remaining American financial institutions still catering to crypto companies. The central bank cited “significant deficiencies” in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management tied to virtual currency customers and foreign...Read More
The non-fungible token (NFT) market has witnessed explosive growth, followed by significant downturns over the past few years. Despite the initial hype and heavy investment, it is now grappling with severe instability. According to a report from nftevening.com, a staggering 96% of NFTs are considered “dead” based on three factors – zero trading volume, minimal...Read More
That is if Ethereum can weather three big price hurdles ahead of it in September, The Dencun upgrade’s introduction of low-cost blobs for Layer-2 blockchains to quickly scale the network to peers has unleashed a torrent of activity on Ethereum’s decentralized smart contract network. Since then, gas fees in ETH on the base layer of...Read More
[PRESS RELEASE – San Francisco, California, September 7th, 2024] Figure Markets today announced that, together with Veton Vejseli, a shareholder of Ionic Digital, it has requested access to certain company records under Section 220 of the Delaware General Corporation Law. This request seeks information to investigate potential misconduct by the Board of Directors and assess...Read More
Ripple’s CEO, Brad Garlinghouse, has provided new insights for the XRP community, offering a mix of both optimism and caution. In a recent interview, he shared promising developments around the launch of Ripple’s RLUSD stablecoin, as well as regulatory hurdles the company continues to face, particularly in the United States. Ripple’s RLUSD Stablecoin Is Almost...Read More
While the crypto market remains unpredictable and continues dipping, large investors are not relenting in their activities. Analysis by data intelligence firm Santiment has disclosed the top ten crypto projects with the highest increase in whale activity. In this context, whales refer to investors executing transactions valued at $100,000 or more. Crypto markets may be...Read More
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes. This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain. Vitalik Buterin Denies Profit Motive Buterin was quick to...Read More
Hackers are getting more and more aggressive towards stealing cryptos. They have stolen over $1.2 Billion in crypto since January. Reports suggest that most of these hacks are related to DPRK. The FBI has issued a Public service announcement on September 3, warning the crypto industry about North Korean hackers. Let’s explore what kind of...Read More
María Corina Machado, a leading figure in Venezuela’s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a “lifeline” and a “vital means of resistance” against the country’s economic collapse. Bitcoin as a...Read More
Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM...Read More
The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a bounty. The $27M Penpie Protocol...Read More
American singer and dancer Jason Derulo has not provided any updates about his meme coin JASON since July, raising concerns about the cryptocurrency’s fate despite multiple promises about its future and development. On-chain sleuth ZachXBT brought Derulo’s silence on the project to light in a recent tweet, reprimanding influencers who promoted the token at its...Read More
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has fallen to its lowest level this year, last seen in October 2023. This decline in this metric aligns with the current plunge in bitcoin’s (BTC) price and the downward trajectory of the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this...Read More
[PRESS RELEASE – Brussels, Belgium, September 6th, 2024] Aleph Zero will work alongside the world’s largest telecommunications organizations to help to develop standardized blockchain APIs for the industry Aleph Zero, a blockchain ecosystem engineered for speed, data confidentiality, and ease of development, has officially joined the CAMARA Foundation as a General Member. This strategic move...Read More
According to a recent report, eighty-eight corporate leaders have signed a letter today, which endorses Kamala Harris for US president. 88 Corporate Leaders Show Support for Harris CNBC reported today that a total of 88 corporate leaders and top executives from various companies in the US have formally endorsed Vice President Kamala Harris in her...Read More
It’s no secret anymore that the 2024 bull run has been quite different than previous ones, at least in terms of when the all-time high came and how BTC has moved post-halving. The past week or so has not been kind to the asset as it dumped to a monthly low of $55,300. Are the...Read More
With the release of Pavel Durov, CEO of Telegram, top Toncoin ecosystem tokens have recorded a considerable bullish recovery over the past 2 days. Notably, top tokens such as Toncoin and Notcoin had dropped significantly following the arrest in August. However, uncertainty continues to haunt its investors with over 87% experiencing losses. Moreover, with a...Read More
[PRESS RELEASE – London, United Kingdom, September 5th, 2024] VSG, a cutting-edge digital currency initially launched on the Ethereum blockchain, is proud to announce its successful listing on Uniswap, one of the world’s leading decentralized exchanges (DEX). This milestone not only follows VSG’s recent Centralized Exchange (CEX) listing on Coinstore but also marks a significant...Read More
The Bitcoin market correction, which has been ongoing for the past six months, is currently around 23%, which isn’t too deep historically. However, analysts are growing increasingly bearish the longer this downtrend continues. In a post on X on Sept. 5, trader ‘Crypto Louca’ predicted that Bitcoin price will continue to retreat this year, falling...Read More
The crypto market responds to news, trends, and community discussions on various topics. Substantial knowledge of these narratives gives investors an edge and helps them make informed decisions that can protect their portfolios and investments in digital assets. Crypto research and intelligence platform Santiment has outlined some narratives that have shaped the market this year....Read More
