It could be a buy the rumor, sell the news situation with Bitcoin price and the Labor Department’s CPI report Wednesday morning. Spot Bitcoin on crypto exchanges did rise sharply Tuesday and rallied into Wednesday morning but the landscape changed later that day and BTC fell to $58,000. Economists were expecting a lower inflation readout...Read More
Before the shift in mortgage rates, the United States housing market had been a tough nut to crack. Interest rate lock in at low pandemic and pre-pandemic rates has kept homeowners from selling their homes or refinancing. Mortgage Rates Falling Ahead Of Fed Cut Meanwhile, the low supply of homes for sale as a result...Read More
Presales can be one of the fastest ways to crypto riches, and investors are hoping to strike it big with CryptoScanCoin. Its ICO is ongoing and has raised $25K so far. With the project evidently in its infancy, could this be an opportunity for huge gains? Let’s find out. CrytoScanCoin: A Real-Time Scanner of Cryptocurrencies...Read More
Blockchain investigator ZachXBT has released information regarding North Korean developers who allegedly stole $1.3 million from a project’s treasury. The theft was carried out when the devs, who had been hired using fake identities, injected malicious code into the system, which allowed the unauthorized transfer of funds. ZachXBT Uncovers Crypto Workers Scheme ZachXBT explained on...Read More
A new financial disclosure has revealed that Trump has millions of dollars invested in crypto – an industry that’s become a clear target of his electoral campaign. Yet despite his many specific appeals to Bitcoin investors, there’s no evidence that the former president holds any BTC himself, as opposed to smaller alternatives. Trump’s Crypto Portfolio...Read More
According to recent data from Token Terminal, the Tron network has overtaken Ethereum in terms of revenue generation. Over the past 90 days, the blockchain network has accrued approximately $435 million in fees, outpacing Ethereum’s $364 million. Tron’s Revenue Surpasses Ethereum by 50% Tron’s founder, Justin Sun, took to X on August 15 to highlight...Read More
A United Arab Emirates court has recognized cryptocurrencies as a mode of salary payment in a landmark ruling affecting employment contracts. According to a report by Lexology, the ruling by the Dubai Court of First Instance starkly contrasts a decision taken in a similar case and highlights the growing adoption of cryptocurrencies in the UAE....Read More
Gas fees on the Ethereum network have been declining since March 2024, but last week, they hit a level not seen in the past five years. Data on the crypto analytics platform Dune shows that the median Ethereum gas fee fell below 2 gwei last week for the first time since 2020. Median Ethereum Fees...Read More
Meme coins have undoubtedly been the most prominent narrative in 2024. From the meteoric rise of dogwifhat (WIF) to countless celebrities launching their own coins (and the controversy that surrounded them), the field has seen all the action. With most of it happening on Solana because of its fast transaction processing times and relatively low...Read More
The case between the US Securities and Exchange Commission and Ripple Labs moved forward after Judge Analisa Torres ruled that the company should be fined $125M in a decision that partly honored and partly discharged the SEC’s claims. Now, industry participants and experts are speculating on the odds of its outcome, which is likely to...Read More
The National Pension Service (NPS) of South Korea purchased nearly $34 million in MicroStrategy (MSTR) shares during the second quarter of 2024. With significant investments in other crypto companies, NPS – which happens to be the world’s third-largest pension fund by assets – has demonstrated a clear expansion of its interest in the digital assets...Read More
The markets appear to have been more volatile since the start of the month when a massive crash occurred. Although the bulls have significant strength, they fail to hold the tokens above the gains. As a result, bears are extracting profits very frequently, which has heated the crypto space as traders appear to have become...Read More
On Friday, August 16, around 24,300 Bitcoin options contracts will expire, with a notional value of around $1.4 billion. Today’s options expiry event is smaller than last week’s, so its impact on spot markets is likely to be limited. The much larger month-end expiry event currently has a notional value of $3.2 billion. Bitcoin Options...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, August 16th, 2024] Token Generation Event (TGE) will soon offer a revenue-sharing mechanism Pichi Finance, a trustless points trading protocol offering price discovery to tokens Pre and Post-TGE, has announced the launch of its utility token, PCH, on Gate.io and MEXC and is available for trading from August...Read More
Zcash was the leading crypto token on the market cap leaderboards last week. By Tuesday, the coin remained the fifth top gainer among crypto assets behind Aptos (APT) at #4, with Sui (SUI) topping the gains for the week at +57%. ZEC’s 7-day gains Tuesday were +29%, but from trough to peak (between Aug. 5...Read More
Binance, the largest crypto exchange, has finally reached a settlement with Brazilian regulators for $1.76 million over unlicenced derivatives trading allegations. This comes after an investigation into the exchange, which lasted a year regarding its activities in Brazil. Binance’s Derivatives Trading Allegations The Brazilian Securities and Exchange Commission (CVM) asked Binance to halt its derivatives...Read More
Bitwise reports that U.S.-based institutional investors continue to demonstrate strong support for Bitcoin through spot ETFs, with around 66% either maintaining or increasing their holdings. This trend comes amidst market volatility and declining prices during Q2. Surge in Institutional Filings Bitwise’s chief investment officer, Matt Hougan, highlighted this trend in an August 15 post on...Read More
The State of Wisconsin Investment Board (SWIB) has announced increasing its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by 447,651 shares. The latest addition brings its total to over 2.89 million as of June 30, according to a recent SEC filing. SWIB Expands Bitcoin Exposure SWIB, an independent agency handling assets for Wisconsin’s retirement and...Read More
[PRESS RELEASE – Miami, Florida, August 15th, 2024] Floki has partnered with Nottingham Forest football club, which currently is playing the English Premier League (EPL). Announced on Thursday, Floki will be the official cryptocurrency partner of Nottingham Forest and have extensive marketing and promotional rights. “We are proud to join the ranks of the Premier...Read More
Sahil Arora, who has been associated with a series of high-profile celebrity-backed meme coins, reportedly netted approximately $3 million this year, according to blockchain investigator ZachXBT. This figure starkly contrasts with the $30 million earnings estimate initially reported by blockchain data platform Bubblemaps. Who Is Sahil Arora? Arora, an Indian entrepreneur now living in Dubai,...Read More
[PRESS RELEASE – London, UK, August 15th, 2024] XDB CHAIN, a pioneering blockchain platform, is revolutionizing the Real World Assets (RWA) market. By creating token representations of branded interactions—such as product usage and community membership—XDB CHAIN transforms intangible assets into valuable digital ones. This innovative approach can position XDB CHAIN as a leader in the...Read More
[PRESS RELEASE – New York, NY, August 15th, 2024] Collaboration with major developers bring exciting launch titles from Mighty Bear, Parallel, Infinigods, and more Today, B3.fun, a groundbreaking horizontally-scaled gaming ecosystem built on Coinbase’s L2 network, Base, debuts its Mainnet and officially launches its game discovery platform, BSMNT.fun. At launch, over 20 gaming studios have...Read More
Marathon Digital Holdings (MARA), one of the largest publicly traded Bitcoin mining companies, has bought approximately $249 million worth of Bitcoin. The purchase was funded by successfully closing a $300 million senior note offering. MARA Raises $300M in Private Note Offering In an August 14 press release, Marathon Digital Holdings (MARA) announced the completion of...Read More
Pi Network is one of the most controversial projects in the cryptocurrency industry. Launched more than six years ago, there’s still no clear indication of when its users can expect some sort of straightforward token launch. That said, the core team behind the project recently made a statement, updating its followers on the progress. According...Read More
Artificial Intelligence is undoubtedly one of the hottest topics within the cryptocurrency industry (and well beyond it) throughout the past few years. With the advent of firms dedicating their efforts to further improving and developing various AI-based tools and programs, many crypto projects have also integrated novel technology within their protocols. You can take a...Read More
Crypto algorithmic trading platform and market maker Jump Trading has resumed its ether (ETH) sales, offloading more than 17,000 ETH worth over $46.44 million on Wednesday. An X post by blockchain analytics firm Lookonchain disclosed that Jump Trading claimed the assets from the liquid staking protocol Lido and moved them out for sale in batches...Read More
[PRESS RELEASE – Singapore, Singapore, August 14th, 2024] The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network. ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid...Read More
The Singapore-based cryptocurrency exchange Crypto.com has secured a first-of-its-kind partnership with the Union of European Football Associations (UEFA) Champions League. According to an official announcement, Crypto.com will serve as the official global sponsor of the UEFA Champions League during the multi-year partnership, earning it a spot as the football competition’s first and exclusive crypto platform...Read More
Amid the ongoing downturn, an XRP whale wallet address “r4wf7” has consistently moved over 27 million tokens worth approximately $16 million to the Bitstamp over the last four days. According to a blockchain transaction tracker Whale Alert, the same whale has transferred a significant 26.7 million XRP tokens worth $15.3 million to Bitstamp today. 108...Read More
Texas-based Bitcoin mining company Core Scientific has announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which has been upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued...Read More
