Cryptocurrency

Google Gemini Names Next Crypto to Get an ETF

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...
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Warden Announces the Artificial Intelligence Blockchain Interface (AIBI)

[PRESS RELEASE – Tortola, British Virgin Islands, August 26th, 2024] Warden, the sovereign AI execution network, announced the alpha release of its new artificial intelligence product – the Artificial Intelligence Blockchain Interface (AIBI). AIBI brings AI on-chain with an intuitive interface for developers to integrate AI into their applications. Inspired by proof-of-computation and computational pipelines,...
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Pavel Durov’s Paris Arrest Sparks Global Outcry, Telegram Says He Has ‘Nothing to Hide’

Pavel Durov, the founder and CEO of Telegram, was recently apprehended in Paris following an international arrest warrant issued by French authorities. The arrest stems from concerns over Telegram’s alleged lack of moderation, particularly in light of EU regulations such as the Digital Services Act. In response, Telegram issued a statement asserting the exec has...
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The 3 Most Important Things You Need to Know About Pi Network (PI)

Pi Network is a very popular project in the cryptocurrency space, garnering the attention of hundreds of thousands of people worldwide. It has been around for years and is likely one of the most controversial initiatives in the industry. In the following article, we take a look at the three most important things you need...
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Is Altcoin Season Around the Corner? Analysts Weigh In on Market Trends

Altcoins have made more progress than the high-cap crypto assets over the past few days as markets show further signs of recovery. This has led to renewed calls for altseason from industry analysts and observers. However, they may be a little premature as the big boys usually peak first. When Altseason? On Aug. 26, technical...
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4 Things That Could Ignite Crypto Markets in The Week Ahead

Crypto markets have held on to gains over the weekend following an upsurge in the wake of the Federal Reserve meeting last Friday. Speaking at Jackson Hole, Fed Chair Jerome Powell affirmed expectations of an impending monetary policy pivot stating “the time has come for policy to adjust,” before adding that the “timing and pace...
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First Extradition Under China-Thailand Treaty: Suspect Returned for $14B Crypto Scam

A suspect named Zhang has been extradited from Thailand to China for allegedly leading a $14 billion (100 billion yuan) crypto pyramid scheme. He is the first financial criminal to be extradited under the China-Thailand treaty since its inception in 1999. The Ministry of Public Security in China announced that Chinese and Thai officials have...
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Ex-Kansas Bank CEO Sentenced to Over 24 Years for $47 Million Crypto Fraud

A former Kansas bank executive was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Shan Hanes, 53, the former CEO of HTSB, pleaded guilty to one count of embezzlement by a bank officer. $47M Crypto Fraud Court...
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4 Cryptocurrencies to Watch Following Jerome Powell Jackson Hole Update

The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In...
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Binance Prevents $2.4 Billion in Potential Losses from Scams in 2024

Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7...
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Top 3 Low-Risk, High-Return Cryptocurrencies for New Investors in 2024

New investors are always seeking opportunities that promise substantial returns while minimizing risk. Among the thousands of cryptocurrencies available today, MoonTaurus (MNTR), Ethereum (ETH), and Solana (SOL) stand out for their low-risk, high-reward potential. Each of these cryptocurrencies offers distinct advantages, but MoonTaurus, in particular, is attracting significant attention due to its unique position, massive...
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ETF Weekly Recap: Only Inflows for Bitcoin but Ethereum Products Register Longest Outflow Streak

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month...
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Top Altcoins To Buy For 100% Upside In Short-term!

With a bullish rebound in the cryptocurrency market, top tokens have successfully breached their important resistance levels. Further, the market leader, Bitcoin price has held its value above the $64K level, indicating increased bullish influence in the space. On the other hand, mid-cap and low-cap altcoins have gained massive attention from investors. This has resulted...
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Hex Founder Richard Heart’s Bid to Dismiss SEC Fraud Lawsuit Fails

The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to...
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German Crackdown on Crypto ATMs Nets $279,000: Report

German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. The operation, led by the Federal Financial Supervisory Authority (BaFin), is part of a broader effort to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. Germany’s Raid on Crypto ATMs On August 20, German administrators executed...
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Pro-Crypto Younger Voters Could Be Decisive in 2024 US Election: Coinbase

Coinbase has expressed the belief that young, pro-crypto voters might influence the 2024 US presidential elections and potentially could become the deciding factor on who wins. In a report released on August 19, the exchange states that Gen Z and Millennials—who now represent 40% of the electorate—are increasingly supporting candidates who advocate for crypto and...
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Is This Why Bitcoin (BTC) Shot Up by $5K in 24 Hours?

After a relatively weak period of trading sideways for days and days, bitcoin’s price went on the offensive on Friday evening and Saturday morning and tapped $65,000 for the first time since early August. Some of the most probable reasons behind this $5,000 daily surge seem to be connected to the US central bank and...
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Cardano Founder Charles Hoskinson Speaks Up on Which is the Best Blockchain for AI

Artificial intelligence has been one of the hottest topics in the cryptocurrency industry (and well beyond it) for more than a year now, and many teams are looking for ways to leverage their tech stack and build off of AI. Charles Hoskinson, the founder of Cardano, recently took to X to share his thoughts on...
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Bitcoin Demand Still Weak, But Stablecoin Liquidity is Increasing: CryptoQuant

Historical on-chain data shows that high bitcoin (BTC) demand often precedes price recoveries and rallies; however, this is not the case at the moment. Current market dynamics suggest that such price movements are unlikely in the near term because BTC demand growth has remained at low levels. A recent report from CryptoQuant revealed that bitcoin...
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Malaysian Authorities Are Destroying Bitcoin Mining Rigs, Here’s Why (Report)

The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week. A video on the platform’s...
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Confusion Over CZ’s Transfer: Former Binance CEO Still Serving Sentence

Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM)...
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Robert F. Kennedy Jr. Endorses Donald Trump, Uniting Pro Bitcoin Candidates

The United States’ most popular independent candidate for President has officially placed his political support behind Donald Trump in the 2024 Presidential election. His endorsement places two of three leading Presidential candidates who are explicitly pro-Bitcoin on the same political team. Why RFK Has Endorsed Trump Kennedy said that the Trump campaign had offered him...
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Dencun’s Aftermath: Ethereum Layer 2s See Surge in Failed Transactions

The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis,...
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Mahjong Verse: The Evolution of Mahjong Meta into a Web3 Gaming Theme Park

[PRESS RELEASE – Douglas, Isle of Man, August 23rd, 2024] Since its launch, Mahjong Meta has been dedicated to creating a competitive Mahjong esports platform, blending the charm of Mahjong culture with Web3 to serve gaming and Mahjong enthusiasts worldwide. During the test operations, the feedback and support from the Mahjong players and community have...
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Here’s Everything You Need to Know About Powell’s Jackson Hole Speech

Federal Reserve chairman Jerome Powell promised to start cutting interest rates during his speech at the annual 2024 Jackson Hole Economic Symposium on Friday. This will mark the central bank’s first rate cut since 2020, and is already proving bullish for Bitcoin’s price. The Fed Pivot Is Confirmed “The time has come for policy to...
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Biggest Breakout! Bitcoin Surpasses $62,000—$71,000 Next?

Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days. Biggest Breakout in Bitcoin...
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PlayFi’s Genesis Node Sale Sells Out in Under 24 Hours, Signals Demand for Decentralized Content Network

[PRESS RELEASE – New York City, New York, August 23rd, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after...
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Bearish Signs? Highest Levels in 2 Years of BTC Held on Crypto OTC Desks Could Mean Trouble for Bitcoin

Crypto over-the-counter (OTC) desks, which facilitate high-volume transactions among buyers and sellers, currently hold 368,000 bitcoin (BTC), valued at a staggering $22 billion in current market prices. This marks the highest level seen since June 2022. A report from on-chain analyst CryptoQuant revealed that the $22 billion in BTC was propelled by a notable 70%...
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Here’s How Much El Salvador’s Cold Wallet Amassed Since Mid-March by Bitcoin Daily

Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total...
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Unveiling Polynomial Trade 2.0: The future of Decentralized Leverage Trading

[PRESS RELEASE – Dubai, UAE, August 23rd, 2024] Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide. Revolutionizing Trading with Trade 2.0 Trade...
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Bitcoin (BTC) $ 94,782.39 0.20%
Ethereum (ETH) $ 3,268.59 0.30%
XRP (XRP) $ 2.50 4.20%
Tether (USDT) $ 0.999679 0.01%
BNB (BNB) $ 692.27 0.57%
Solana (SOL) $ 188.41 0.21%
Dogecoin (DOGE) $ 0.338333 0.48%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.99058 5.38%
Lido Staked Ether (STETH) $ 3,267.19 0.25%