Proprietary global macro trader Mark Dow has a new warning for Bitcoin bulls
Bitcoin technology is impressive for just how many fundamental problems with money it solves. One advantage of bitcoin that is often touted is that it provides for final settlement of transactions. Final settlement means that, once a transaction is mined and enough subsequent transactions have been mined as well, it would take an infeasible amount […]
Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE). In a new press release, the firm behind USDT says that it will be working closely with the nation’s central bank as well as blue-chip tech companies to […]
A tech billionaire and Democratic donor is reportedly pulling his support for a network of crypto super political action committees (PACs), accusing the organizations of trying to topple an incumbent senator without informing him. Ron Conway, a San Francisco-based angel investor, blasted the crypto super PAC Fairshake and its affiliated organizations for announcing they planned […]
TL;DR Bitfarms acquires Stronghold for $125 million in stock, increasing its mining capacity. The deal includes a 70% premium for Stronghold shareholders and assumes $50 million in debt. The transaction occurs amid a $950 million offer from Riot Platforms and sector challenges due to Bitcoin’s halving. Bitfarms Ltd., a prominent Bitcoin mining firm, has completed […]
TL;DR Aave launches V3 on the Era Mainnet, backed by ZKsync, to enhance liquidity and yield in the Elastic Chain ecosystem. Chainlink will provide secure price feeds for the integration, improving scalability and accuracy. The protocol’s DAO has approved USDC, USDT, WETH, and wstETH as initial assets on Era and will redistribute ZKsync ecosystem airdrops. […]
Bitfarms has expanded its operations in the US with the acquisition of Stronghold Digital Mining in a stock-for-stock merger valued at approximately $125 million. The agreement also includes an additional assumption of $50 million in debt. According to the Bitcoin mining firm, this deal marks a significant milestone in its strategy to expand operations and […]
In a fresh surge, Tron’s price broke out to a multi-year high following a significant increase in demand this week. The price has increased by over 27% in the last 24 hours, and it looks bullish on the weekly chart. TRX bounced off the $0.116 level three weeks ago after witnessing a monthly breakdown at […]
The cryptocurrency market is abuzz with excitement as savvy investors, particularly those holding Ethereum (ETH), turn their attention to a …
Certain tokens stand out due to their explosive growth potential and innovative features. Currently, Aave (AAVE) and Mpeppe (MPEPE) are capturing the attention of investors, with both tokens being predicted to surge by 1000% in the near future. Here’s an in-depth look at what’s driving the bullish sentiment for these two promising assets. Aave (AAVE): […]
Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol.
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 […]
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […]
XPR can reach fundamental price threshold, Here’s why
An unknown entity has printed incredible gains with a recently launched memecoin on the TRON network. Blockchain “de-anonymizing” platform Arkham says that one of the earliest investors of dog-themed altcoin SUNDOG made roughly 1,183,331% in just six days on a $1,690 investment. “This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 […]
The Democratic Party has entirely ignored cryptocurrency in its official policy platform, which was released yesterday to coincide with the start of the party’s convention. By contrast with the Democrats, the Republican Party platform released earlier this year mentioned crypto several times and outlined numerous pro-crypto policy initiatives. New rumours are flying around the Harris […]
Multisig bitcoin vault maker Theya announced yesterday it will enable US users to purchase bitcoin through their app and have it sent directly to self-custody via hardware wallets like Ledger, Trezor, Foundation and ColdCard or through its multisig vaults. 🚀 BUY BITCOIN LAUNCH 🔥 We’re launching a much requested, game-changing feature that allows US-based users […]
Binance and its former CEO, Changpeng Zhao, are facing yet another class action lawsuit, this time brought by three cryptocurrency investors who allege that the exchange failed to prevent money laundering. The lawsuit was filed last Friday in the U.S. District Court for the Western District of Washington, Seattle. Laundering of Stolen Crypto The three […]
Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high. According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on the platform have held TRX and accumulated to capture more gains. Tron’s developments will help TRX […]
TL;DR New Platform Launch: Solana-based protocol Dumpy.fun is launching squeezy.lol on August 27, 2024, allowing traders to take long positions on heavily shorted memecoins. Squeeze Explorer Feature: Squeezy.lol introduces a “squeeze explorer” to identify the most heavily shorted memecoins, potentially triggering short squeezes. Market Impact: The memecoin market, valued at $40 billion, could see significant […]
TL;DR Regulatory Hurdles: Experts doubt the approval of a Solana ETF in the U.S. due to stringent SEC regulations and concerns over market manipulation. Political Influence: Bloomberg analyst Eric Balchunas believes a Solana ETF has “a snowball’s chance in hell” of approval without a change in political leadership. Trump Factor: Analysts suggest that a Trump […]
In the world of cryptocurrency, where fortunes can be made or lost in a matter of hours, whales—those with the financial clout to influence …
The company is currently focused on B2B, but there are countless potential applications for consumers.
Amid market indecisiveness, Matic increased by 7% today following a steady increase in the past few days. While the bulls show signs of commitment, it is important to note that the trend is still bearish. The last five months of drops saw Matic through an 80% correction as the price reset to a low of […]
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A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Crypto Dog tells his 811,100 followers on the social media platform X that there’s a good chance Bitcoin is on the verge of […]
The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets. […]
[PRESS RELEASE – Singapore, Singapore, August 21st, 2024] Lavarage, a leading DeFi spot margin trading platform, has announced the launch of its Tephra Points Program, a dynamic initiative designed to reward users for activities such as trading, staking, and community engagement. Introducing Lavarage Lavarage is a pioneering decentralized spot margin trading platform, specializing in a […]
As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost […]
Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a big step in lowering its power costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra low-cost electricity at approximately $0.01 per kilowatt hour (kWh). Gryphon Acquires Ultra Low-Cost Power Mining Operations at ~$0.01/kWh. Key highlights include: • Ultra-low cost of ~ 1 cent per […]
Brazil has approved its second spot Solana exchange-traded fund, leaving the US behind in terms of crypto adoption. Despite VanEck’s and 21Shares’ hopes for a US-based Solana ETF, recent developments could support such an investment vehicle in 2024. Senior analyst Eric Balchunas believes a leadership change could change the game’s course. Brazil is not holding […]
Cryptocurrency-related crime is evolving in 2024, with hackers increasingly targeting centralized exchanges and ransomware attacks reaching new heights, according to a mid-year report from blockchain analytics firm Chainalysis. Crypto Crime Trends Shift as Hackers Target Exchanges While overall illicit activity on blockchain networks has dropped by nearly 20% year-to-date, two categories have bucked the trend: […]