The Tron Network has recorded a sharp spike in its volume over the past few days, highlighting increased bullish sentiment for its ecosystem. Further, the TRX price has added over 27% in the past week. This indicates a positive outlook for it in the coming time. Following this, altcoins built on the Tron chain have...Read More
Stablecoin issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED), marking an expansion in its portfolio of digital assets. Developed in partnership with UAE-based tech conglomerate Phoenix Group PLC and supported by Green Acorn Investments Ltd, this project will leverage the UAE’s regulatory framework for Payment Token Services....Read More
Following the cycle low in November 2022, capital has progressively shifted towards the leading cryptocurrencies at the top of the digital asset risk curve. Bitcoin, for one, has seen its dominance expand once again as a certain cohort of holders continued to support the growth. However, the same cannot be said for other crypto assets....Read More
[PRESS RELEASE – New York, United States, August 21st, 2024] Conflux Network, China’s only regulatory-compliant public blockchain, is teaming up with China Mobile, the nation’s largest telecom provider boasting over 1 billion monthly users. This strategic alliance aims to revolutionize digital collections via Migu, China Mobile’s digital content division. Conflux Network and China Mobile will...Read More
[PRESS RELEASE – Singapore, Singapore, August 21st, 2024] The landmark milestone marks the start of a new era for Bitcoin’s utility Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is...Read More
The bankrupt Mt. Gox Bitcoin exchange transferred 13,265 BTC worth around $784 million on Aug. 21, according to Arkham Intelligence. 12,000 BTC were then directed to a new address, while the remaining 1,265 went into a cold wallet associated with Mt. Gox. It is the first major movement of BTC by the exchange trustee in three...Read More
The price of ether (ETH) has plummeted more than 20% in the past month despite the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Since their inception, the funds have witnessed substantial outflows, further weakening ether’s price. According to the latest edition of the Bitfinex Alpha report, Ethereum ETFs have failed to...Read More
A new malicious browser extension called the “Bull Checker” is reportedly targeting Solana users on Reddit by masquerading as a meme coin tracker. This extension evades detection systems and has drained Solana users’ wallets. Solana Users Targeted In the past week, Jupiter’s pseudonymous founder, Meow, reported that a few Solana DeFi users experienced unauthorized token...Read More
TRON (TRX) is really making a splash right now! With its price hitting $0.1578, it’s at its highest point in three years. This huge jump has pushed TRON’s market cap to a jaw-dropping $13.65 billion. But what’s causing this crazy rise, and could there be even more to come for TRX? Let’s dive into the...Read More
Tokyo’s Metaplanet investment firm revealed that it has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million amidst the current market lull to set the stage for long-term growth. This purchase is part of the strategy announced on August 8, following the firm’s acquisition of a 1 billion yen loan,...Read More
There are growing rumors in Washington that Vice President Kamala Harris may nominate SEC Chair Gary Gensler as Treasury Secretary if she wins at the polls in November. Those rumors corroborate what top Republicans have also told the Washington Reporter on the record it reported on Aug. 19. Speaking to the outlet, Minnesota representative Tom...Read More
The choppy consolidation in bitcoin’s price action has many market players worried. However, certain holders of the world’s largest crypto asset are seemingly increasing their holdings. In fact, bitcoin whales, particularly those holding between 100 and 1,000 BTC, have significantly increased their holdings. Bitcoin Accumulation Over the past six weeks, this cohort of whales has...Read More
As 2024 comes to a close, excitement in the crypto market is reaching a fever pitch. Investors are honing in on five altcoins with the potential for huge profits. Ready to discover which digital assets could turn investors into millionaires? Let’s take a closer look. Toncoin (TON): The Rising Star Toncoin (TON) is making waves...Read More
[PRESS RELEASE – Johannesburg, South Africa, August 20th, 2024] Tari Labs, an organization stewarding the development of Tari, a next-generation blockchain protocol, today introduced Tari Universe, a groundbreaking mining application designed to make it easy for anyone to join the crypto revolution. Tari Universe leverages RandomX, an ASIC-resistant hashing algorithm, enabling users to mine Tari...Read More
[PRESS RELEASE – Victoria, Seychelles, August 20th, 2024] Bitget, a leading cryptocurrency exchange and Web3 company, is proud to announce the launch of its inaugural Blockchain4Her Awards, celebrating women driving innovation and gender inclusivity in the blockchain industry. Nominations are now open until Aug 30, with winners announced at the SheFi Summit in Singapore on...Read More
Ether’s price has had trouble pushing past above $2,750 this month. Within the past 30 days alone, Ether has shed over 24% of its value. However, a recent analysis suggests that the world’s largest altcoin may be in the late stages of its current market correction. This narrative is backed by two key on-chain metrics...Read More
[PRESS RELEASE – Warsaw, Poland, August 20th, 2024] Flipster, one of the leading crypto derivatives trading platforms, is listing Tether Gold (XAU₮) issued by TG Commodities Limited to its platform, providing users with new opportunities to deposit, withdraw, and convert the gold-backed digital asset. Flipster CEO Yongjin Kim commented: “Tether continues to lead the stablecoin...Read More
Asset manager VanEck remains committed to launching a Solana exchange-traded fund (ETF) despite recent developments that have sparked speculation about the project’s future. The uncertainty started after Cboe Global Markets’ regulatory filing proposing to list the fund was removed from its website. Cboe Filing Removal Matthew Sigel, VanEck’s head of digital assets research, addressed concerns...Read More
On Aug. 19, industry research firm Kaiko reported that Ethereum’s gas fees have recently hit five-year lows. According to Etherscan’s Gas Tracker, the average network fee on layer-1 Ethereum is currently 2.15 Gwei or just $0.13, the lowest it has been since 2019. This fall has been driven by increased layer-2 activity and the Dencun...Read More
[PRESS RELEASE – New York, NY, August 19th, 2024] JokerAI64x, a pioneering force in blockchain technology, introduces an AI-powered consensus mechanism that promises to revolutionize network efficiency and security. By employing sophisticated AI algorithms for real-time transaction validation and adaptive governance, JokerAI64x offers a scalable and energy-efficient solution that sets a new standard in the...Read More
[PRESS RELEASE – Singapore, Singapore, August 20th, 2024] PEXX, an innovative fintech startup specialising in stablecoin cross-border payments, is excited to announce the acquisition of Singapore-based blockchain media platform, Chain Debrief for an undisclosed amount, following its successful raise of $4.5 million led by TNB Aura and ANTLER. This strategic move aligns with PEXX’s commitment...Read More
The Australian Securities and Investments Commission (ASIC) announced today that it has dismantled over 600 cryptocurrency scams in the past 12 months. This announcement comes as ASIC marks the first anniversary of its investment scam disruption initiative, revealing that more than 7,300 phishing and fraudulent websites have been taken down over the past year. Australians...Read More
The Democratic National Committee published its 2024 Party Platform on Sunday – a document detailing the Democrats’ future political priorities heading into the next election. Unlike their Republican counterparts, the Democrats’ platform made no mention of the words Bitcoin, crypto, or blockchain. Democrats Still Quiet On Crypto The ninety-two-page document touched on popular issues among...Read More
On Sunday, MicroStrategy executive chairman Michael Saylor posted on X, “We’re going to need a bigger truck,” with the Bitcoin hashtag. Could he be hinting at bold crypto moves ahead for his company? We’re going to need a bigger truck. #Bitcoin pic.twitter.com/4cReSyYdrl — Michael Saylor⚡️ (@saylor) August 18, 2024 “Gonna need a whole fleet,” answered...Read More
Bitcoin’s weekly candle closed below its bull market support band making it the fourth week in a row to do this. The close of $58,748 has kept the asset below key moving averages, as depicted by analyst Benjamin Cowen in a post on X on Aug. 19. Moreover, the last three weekly candles have been...Read More
Tether- the issuer of the biggest stable coin USDT, dropped a huge announcement that’s gonna make transactions dirt cheap and super efficient. Are you ready to learn how Tehter is going to do that, let’s dive in. Tether’s Big Move to Aptos On August 19, Tether made an announcement that they’re taking its stablecoin -USDT, ...Read More
The bond market heated up last week as stocks began to tumble. As a result, Treasury yields (the coupon premium bondholders receive for buying a bond) are falling drastically. That could be bullish news for Bitcoin price. Bonds ended last week with the largest single-day point rise in 16 months as investors fled record Wall...Read More
[PRESS RELEASE – Sydney, Australia, August 19th, 2024] With over AUD$2 billion in total sales to date, Easy Crypto today announces the launch of a new ‘beginner wallet’ aimed at Australians looking for an easier way to buy, swap, hold and sell their crypto. Easy Crypto, New Zealand’s largest non-custodial cryptocurrency exchange, is expanding its...Read More
[PRESS RELEASE – Victoria, Seychelles, August 19th, 2024] Bitget, a leading cryptocurrency exchange and Web3 company, has announced a partnership with the trendy TON project, DOGS. Users can now claim DOGS token airdrops without any gas fees by connecting their Bitget account through the DOGS Telegram mini-app. Once the process is completed, DOGS tokens will...Read More
[PRESS RELEASE – Bangkok, Thailand, August 19th, 2024] INFINIT, the first-of-its-kind DeFi abstraction layer, today announces that it will soon open dApp creation to all, allowing anyone to build and customize DeFi applications in a matter of minutes. INFINIT is a DeFi infrastructure that abstracts away complexities to launch and scale decentralized finance applications across...Read More
