On Tuesday, a cryptocurrency whale suffered a loss, with approximately $55.4 million worth of Dai stablecoin stolen in a phishing attack. According to the blockchain security firm CertiK, the attacker likely used a phishing tool known as Inferno Drainer to gain access to the whale’s externally owned account (EOA). Inferno Drainer Phishing Attack The incident...Read More
The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Brazil’s Second...Read More
After a strong 3.7% of green 4-hour engulfing candle, Bitcoin (BTC) once again reached its crucial level near $62,000. However, this is the fifth time BTC has reached this level in the last 15 days, and each time it has faced massive selling pressure, resulting in a significant drop in BTC’s value Bitcoin’s Upcoming Levels...Read More
Bitcoin surged by 4% back to $61,550 on Wednesday as speculation grew that Robert F. Kennedy Jr. may soon exit the 2024 U.S. Presidential race to endorse Donald Trump. The news has re-established Trump as a betting favorite to win the November election, which is thought by analysts to have major implications for Bitcoin’s short-term...Read More
Terraform Labs (TFL) – the bankrupt cryptocurrency firm co-founded by Do Kwon – is set to face a Chapter 11 bankruptcy reorganization hearing on September 19. The hearing will be crucial in shaping the company’s future as it navigates the aftermath of the Terra ecosystem’s dramatic collapse in 2022, which triggered extensive legal and financial...Read More
Rumors are swirling online that Kamala Harris wants to introduce an unrealized capital gains tax if elected President – a move that could theoretically tear up the profits of crypto investors. But some key details are missing from the public conversation – namely that the tax wouldn’t apply to the vast majority of investors. Kamala...Read More
The TON blockchain recorded yet another milestone as the number of active addresses on the project’s Masterchain has surged to an all-time high of 946 daily. According to CryptoQuant’s latest analysis, this marks a more than sevenfold increase since July 2021, highlighting the growing popularity and adoption of the network. New Milestone for TON While...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
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
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
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
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
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
Malaysian officials have arrested seven people for suspected bitcoin mining operations that involved stealing electricity. The local media, Bernama, reported that the detainees include three Malaysians and four foreigners, who were held separately last week. Electricity Theft in Malaysia In an official statement, the Sepang District Police Chief, ACP Wan Kamarul Azran Wan Yusof, mentioned...Read More
As the market turned bearish, meme coins on Solana – once notorious for their explosive popularity – are now seeing a decline. This appears to have adversely affected Solana-based investment products which experienced record outflows of $39 million over the past week due to a sharp drop in meme coin trading volumes. According to the...Read More
Stablecoin issuer, Tether has revealed plans to launch US dollar-pegged Tether tokens (USDT) on Aptos Network. This move aligns with Tether’s broader strategy to make digital currency more accessible and useful across the world by capitalizing on Aptos’ ecosystem, according to the official press release shared with CryptoPotato. USDT Set to Debut on Aptos The...Read More
Stock markets have shown signs of recovery, but the same cannot be said for crypto markets, which are facing heavy resistance. Volatility could tick up again as all eyes will be on the Federal Open Market Committee (FOMC) meeting and minutes this week in addition to economic data reports. Economic Events Aug. 19 to 23...Read More
Scams in the cryptocurrency industry are nothing new and the meme coin community, especially, has long been a target of wrongdoers. The Shiba Inu team has come up with another critical warning, trying to protect its users from exploiters who try to drain their wallets by prompting various actions. In a recent update, the Shiba...Read More
Hut 8 Corp. (HUT), a leading North American Bitcoin miner, announced its financial results for the second quarter ending June 30, 2024. The company reported a net loss of $71.9 million despite a 72% year-over-year revenue increase to $35.2 million. Hut 8’s Q2 Financial Results In an August 13 press release, Hut 8 reported that...Read More
