Donald Trump has announced a new batch of NFT trading cards, continuing his bid to win crypto votes in the upcoming November elections. The Republican U.S. presidential nominee took to his Truth Social account to unveil the non-fungible token while posting a promotional video of himself saying people call him the “crypto president.” NFT Trading...Read More
Binance’s native token BNB is at a crucial level after experiencing a price decline of over 10% in the last four days. Despite the notable price drop, it is still in an uptrend as BNB continues to hold above the 200 Exponential Moving Average (EMA) on a daily time frame. BNB Price Prediction However, the...Read More
The realized capitalization of Bitcoin long-term holders (LTH) surpassed $10 billion this week for the first time ever. This highlighted the growing confidence among investors who hold the asset for extended periods, typically more than 155 days. The LTH metric is particularly crucial because it reflects the conviction of these holders in Bitcoin’s long-term potential,...Read More
One of the biggest upgrades on the Cardano network is set to be deployed in the next three days. It will introduce new features and finalize the blockchain’s transition into a community-run network. The Chang hard fork was initially scheduled to go live on Tuesday, August 27, per an announcement on August 20; however, Cardano...Read More
[PRESS RELEASE – New York, New York, August 28th, 2024] DTX Exchange (DTX) has taken center stage in the crypto market after announcing the much-awaited testnet launch. The decentralized trading platform has also surpassed $1.8 million raised in its ongoing presale weeks ahead of expected. This development is expected to accelerate the development of a...Read More
The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the...Read More
The US Securities and Exchange Commission has made it its mission to target various cryptocurrency platforms, albeit with questionable success so far. Next on the list is the NFT platform OpenSea, whose CEO went on to X to express the team’s disappointment in the regulator’s move. Devin Finzer, OpenSea’s chief exec, tweeted that the company...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, August 28th, 2024] Fordefi brings institutional-grade security to the Sui Network Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined forces with Fordefi, a company that employs multiparty computation (MPC) technology to deliver a secure institutional wallet platform for DeFi....Read More
BitMEX co-founder Arthur Hayes recently published an article titled “Sugar High,” highlighting the short-term effects of the Federal Reserve’s potential interest rate cut. Hayes also emphasized that assets like Bitcoin will likely benefit from a liquid global financial market that may come from inflation. Japanese Yen Could Disrupt U.S. Financial Market In a keynote address...Read More
Space and Time Labs, the developer behind the Space and Time (SxT) network, a verifiable compute layer for artificial intelligence (AI) and blockchain that delivers enterprise use cases to smart contracts and large language models (LLMs), has concluded a Series A funding round that netted $20 million from industry top dogs and marquee investors. According...Read More
Bitcoin prices have crashed again with a huge four-thousand-dollar dump from just over $62,000 to bottom out at $58,000 during late trading on Tuesday, Aug. 27. According to Coinglass, 87,920 traders have been wrecked, with the total liquidations coming in at $320 million over the past 24 hours. BTC has since recovered marginally to trade...Read More
The Russian government will soon start trials on cryptocurrency exchanges and digital token usage for cross-border transactions. According to a Bloomberg report, they are scheduled to begin on September 1 and are aimed at alleviating payment difficulties for local companies dealing with international sanctions. Crypto Trials The tests will focus on swapping between rubles and...Read More
The bankrupt cryptocurrency lender Celsius Network has released its first status report on creditor distributions, revealing that affected parties have received over $2.53 billion in liquid crypto and cash. According to a filing with the United States Bankruptcy Court for the Southern District of New York, the $2.53 billion in crypto and cash was distributed...Read More
Litecoin’s value has plummeted by 36% since peaking on April 1st. The crypto asset hasn’t been generating much buzz on social forums either, as per latest data. Meanwhile, a certain cohort of small LTC holders have been quietly exiting the market. However, this has ignited interest in a potential bullish reversal shortly. According to Santiment’s...Read More
The Telegram Open Network Society has one clear message: free Pavel Durov. Durov, the co-founder of Telegram, was arrested at Le Bourget Airport on August 24, sparking widespread concern. But what does this mean for the rest of us? Standing Up for Freedom Imagine waking up to find one of the champions of free speech...Read More
Maker, one of the first and largest DeFi lending protocols on Ethereum, has rebranded to “Sky” following key upgrades to its decentralized stablecoin system. That stablecoin, previously known as DAI, has also rebranded to USDS, and the MKR governance token has been changed to SKY. From MKR to SKY: What’s New? As announced over Twitter...Read More
[PRESS RELEASE – Singapore, Singapore, August 28th, 2024] The decentralized derivatives trading platform ELFi Protocol has recently launched a liquidation subsidy program. Prior to September 15th, 2024, 0:00 UTC, users who conduct contract trading on the ELFi Protocol and accumulate a trading volume of no less than 1,000 USDC equivalent will be eligible to receive...Read More
[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, August 27th, 2024] Minutes Network Token team are pleased to announce two new initiatives that significantly upweight their Node holder rewards program. First, the share of Epoch rewards allocated to Node holders has been increased from 60% to 70%, and this additional 10% is excluded from...Read More
Bitcoin’s correlation with the U.S. equities market has been rising for more than a month, as seen in the collective plunge and rally across different asset classes during the Japanese yen crisis earlier this month and the Federal Reserve’s statements at the Jackson Hole symposium last week. According to the recent edition of the Bitfinex...Read More
[PRESS RELEASE – Road Town, British Virgin Islands, August 27th, 2024] Legion plans to become one of the first MiCA-compliant CASPs and bring access to early fundraising and token offerings to non-accredited investors. Today, Legion emerges to mark a new era of merit-based on-chain fundraising. According to the team, Initial Coin Offerings (ICOs) revolutionized how...Read More
[PRESS RELEASE – Singapore, Singapore, August 27th, 2024] RepubliK has announced the launch of Creator STOX on the STOX Market, a platform transforming social media monetization and valuation by opening avenues of direct value streams for individual content creators and influencers. The STOX Market enables individuals to directly support and be rewarded for the success...Read More
Several French government websites have been taken offline due to a denial-of-service (DDoS) attack reportedly connected to different hacker groups in retaliation for Telegram founder Pavel Durov’s arrest on the weekend. The 39-year-old exec was taken into custody under an arrest warrant alleging that his platform has been involved in money laundering, drug trafficking, and...Read More
Spot Bitcoin ETFs in the US saw an aggregate inflow of $202.6 million on Monday, Aug. 26, according to preliminary data from Farside Investors. This marks the second-largest day of inflows for the month and the eighth consecutive day in green for the investment products. Additionally, 12 of the past 14 trading days have seen...Read More
On Aug. 27, on-chain analytics provider Santiment reported that Bitcoin’s recent “mild” price drop was enough to cause a larger decline in total open interest on exchanges. However, OI for Ethereum and Solana has barely declined, it added. Open interest is a measure of the number or value of crypto derivatives contracts that have yet...Read More
Bitcoin has been trying to come over the $70,000 price mark for many days now. Everytime it comes near its target, something new fills the market with fear and BTC fails the mission. It now feels like a video game where you almost killed the boss but misses with little chance left. Let’s explore what...Read More
Thailand’s law authorities recently raided a house occupied by a company running Bitcoin mining operations. According to the South China Morning Post’s coverage, the illegally operated Bitcoin mining activities triggered frequent power outages in the vicinity for over a month. Illegal Bitcoin Mining Operations Bitcoin, the leading cryptocurrency, uses a proof-of-work (PoW) consensus mechanism. This...Read More
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days....Read More
After Telegram CEO and founder Pavel Durov was arrested by French authorities over the weekend, more details have emerged that shed light on the reason for his apprehension. On July 8, a judicial investigation was opened against “a person unnamed” on charges related to complicity with various offenses committed using Durov’s messaging app, including money...Read More
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap...Read More
Alphabet Inc’s Google department is making great strides with its AI chatbot, Gemini. Among Large Language Model AIs (LLMs), it competes with the likes of ChatGPT, Meta AI, and X’s Grok. As such, CryptoPotato decided to inquire about what cryptocurrency could be the next to have an exchange-traded fund in the States to track its...Read More
