Crypto market intelligence provider IntoTheBlock published a report on Thursday comparing the best risk-adjusted methods to earn yield in the world of decentralized finance (DeFi). Despite the “nearly infinite number of composable strategies” the firm claims its most optimal to stick to “straightforward strategies,” that boil down to “only a handful of different primitives.” The...Read More
Amidst increased network activity and the price rally of its native token, TON, The Open Network ecosystem is seeing a surge in phishing attacks. Unassuming users’ TON wallets are being lured through airdrops and other deceptive methods by attackers. Telegram Users With Anonymous Numbers At Risk Yu Xian – the founder of blockchain security firm...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Pivozon, a forex robot software that is expected to change how traders approach the EURUSD currency pair on the D1 timeframe, is introduced by Dubai-based fintech Avenix Fzco. Power of the D1 Timeframe The distinctive design of Pivozon revolves around its intentional focus on the...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Reversedo, a forex robot software, has just been released by the fintech firm Avenix Fzco. This cutting-edge expert advisor (EA) focuses on the XAUUSD (gold) market and was created especially for the MetaTrader 4 trading platform. Using algorithms and technical indicators, Reversedo examines market trends...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Avenix Fzco, a UAE-based fintech firm, latest software, Trendonex, is an advanced forex robot developed for automating trades on the MetaTrader 4 (MT4) platform. It is an advanced Expert Advisor (EA) tailored for the H4 time frame and specifically designed for trading XAUUSD, offering potentially...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Pivlex is the newest automated trading solution from pioneering fintech company Avenix Fzco. With an emphasis on the Gold market, this Expert Advisor (EA) is made to potentially improve trading possibilities on the M1 timeframe. Pivlex provides traders with a more effective tool for enhancing...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 28th, 2024] Leading the fintech industry in Dubai, Avenix Fzco has launched Majestic EA, its newest automated forex trading solution. This forex robot software offers users of the MetaTrader 5 (MT5) platform a powerful and easy-to-use solution that is intended to completely transform the way traders interact...Read More
[PRESS RELEASE – New York, NY, June 28th, 2024] ApeChain, being built on behalf of the ApeCoin DAO, will now be able to support efficient, low-cost zero-knowledge proof verification zkVerify, a modular protocol optimized for zero-knowledge proof verification developed by Horizen Labs, has successfully integrated into ApeChain’s Jenkins Testnet, the highly anticipated Arbitrum Orbit Chain. This...Read More
Jesse Powell, the co-founder and chairman of the cryptocurrency exchange Kraken, has donated $1 million in digital assets to the United States presidential campaign of the pro-crypto candidate Donald Trump. In a Friday tweet, Powell revealed that the donation was mainly in ether (ETH). The Kraken founder has now declared publicly his support for Trump...Read More
The U.S. Securities and Exchange Commission (SEC) sued Ethereum infrastructure provider Consensys on Wednesday for allegedly failing to register key services offered within its MetaMask software wallet. The SEC’s lawsuit comes two months after it issued a Wells notice to Consensys voicing the agency’s intent to sue regarding the popular Ethereum wallet, which its website...Read More
Yield App Ltd, a Seychelles-incorporated crypto investment platform, has announced the immediate suspension of all operations on its digital wealth platform, yield.app. This move comes as the company prepares to enter liquidation proceedings and aims to ensure fair and equal treatment for all users and stakeholders. Yield App Stops Operations The decision, effective today, was...Read More
T-Rex Group – a financial services company – has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is being deemed as potentially the most volatile ETF in the country. The filing with the Securities and Exchange Commission’s EDGAR platform reveals that the main aim of the...Read More
The highlight anticipated presidential debate between Donald Trump and Joe Biden did not feature any discussion about Bitcoin or crypto. This was notable given how much attention the industry has garnered this year. Despite this, experts believe that if Trump were re-elected, it could signal a shift toward more favorable regulatory conditions for the crypto...Read More
[PRESS RELEASE – George Town, Cayman Islands, June 28th, 2024] The Abey Foundation is thrilled to announce that Abey, a pioneering Layer-1 blockchain, has officially launched the trading of its token on the BitMart cryptocurrency exchange starting from 14:00 UTC on June 26, 2024. This listing marks a significant milestone in our journey, aligning with...Read More
Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could...Read More
A close consolidation after a steep rise or drop has become the new normal for the Bitcoin (BTC) price rally. Following a similar trend, the token continues to accumulate within a range, suggesting a major move could be nearby; however, the direction of the rally could depend on the volume induced. This has raised the...Read More
There will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This is the prediction from analyst ‘RamenPanda’ who explained their thinking in a lengthy post on X on June 27. The analyst noted that during times of financial crisis, such as in 2008, the...Read More
[PRESS RELEASE – Victoria, Seychelles, June 28th, 2024] Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user...Read More
As Solana solidifies its position alongside Bitcoin and Ethereum as one of crypto’s top tiers, and with BTC and ETH already having or nearing U.S. spot ETFs, SOL’s potential for the next spot ETF naturally comes into focus. A recent analysis by GSR Markets suggests that such ETFs could catalyze an increase in SOL’s price,...Read More
This Friday, around 107,000 Bitcoin options contracts will expire, with a notional value of $6.6 billion. Moreover, it is an end-of-month expiry event, which is much larger than usual end-of-week expiries so there may be a little market volatility. Bitcoin Options Expiry Today’s huge tranche of BTC derivatives has a put/call ratio of 0.5, meaning...Read More
Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over a series of videos released in 2022 about the former’s failed CryptoZoo NFT project. The suit alleges that Findeisen “maliciously and repeatedly” made false statements accusing Paul of organizing a scam through CryptoZoo. “Defamatory Falsehoods” The court documents state, “Paul...Read More
Bitcoin sustained a more than 6% decline over the past week. The back-to-back corrections temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled around $61,500, causing concern among investors about further losses. This is especially true as the US government transferred 3,940 BTC to Coinbase Prime...Read More
On June 27, Binance announced that it is implementing stricter measures to address account misuse, including enhanced monitoring of all account activities. The company stated that it has recently detected instances where certain account features on the platform are being “misused or exploited to gain unfair advantages, such as a better fee rate and higher...Read More
CleanSpark (CLSK) – one of the largest publicly traded Bitcoin mining firms – announced on Thursday that it had acquired one of its smaller competitors, GRIID Infrastructure, in an all-stock deal. The $155 million deal immediately brings 20 megawatts (MW) of additional power to CleanSpark to bolster its mining operations. Another 400 MW of power...Read More
The layer-2 ecosystem remains robust with protocols and EVM (Ethereum Virtual Machine) scaling platforms growing rapidly and becoming ubiquitous, contrary to some bearish claims, said Ethereum community member Ryan Berckmans in a post on X on June 26. His comments came in response to a post from Movement Labs founder Rushi Manche, who said, “EVM...Read More
According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50...Read More
The crypto market’s attention has turned to the upcoming spot Ethereum ETFs, which is likely to be approved by July 4, and expected to attract up to $15 billion in initial investments. Ethereum has recently faced a sell-off after Bitcoin’s drop, but today it quickly bounced back today with Ethereum surging by 3% and trading...Read More
The US Securities and Exchange Commission (SEC) might approve the latest tweaks about the spot Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their final stages. While speaking to several industry insiders, Reuters observed that eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, are closing in on the...Read More
The largest United States cryptocurrency exchange, Coinbase, has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with information requests in closed crypto cases. According to filings at the United States District Court for the District of Columbia, Coinbase seeks to compel the SEC...Read More
[PRESS RELEASE – New York, New York, June 27th, 2024] Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a...Read More
