On Aug. 12, X owner Elon Musk said there appeared to be a massive distributed denial-of-service (DDOS) attack on the micro-blogging platform, “working on shutting it down.” A DDOS attack aims to disrupt a website or service by flooding the network with spurious traffic in an effort to prevent users from accessing the site. “As […]

Latest data from crypto asset manager CoinShares has shown a noticeable comeback in the crypto market. In its latest ‘digital asset fund flows weekly report,’ the asset manager revealed that last week marked a significant uptick in investor confidence, as digital asset investment products saw $176 million in inflows. According to James Butterfill, head of […]

Bernstein analysts suggest that Bitcoin’s decline is linked to Kamala Harris gaining support in polls against Donald Trump, with investors viewing a Harris administration as potentially unfavourable for crypto. The report says Harris’ rising odds on Polymarket have kept Bitcoin within a limited range, preventing it from reaching previous highs. Overall, crypto remains a sensitive […]

Solana’s DEX trading volume plummeted over 70% within a week, from US$3.3 billion to US$890 million, amid declining interest in memecoins, a decrease in network activity, and broader market uncertainty. Despite the drop in DEX volume, Solana’s TVL surged 261.5% in eight months, reaching US$4.7 billion, supported by strong performance from top protocols like Jito […]

Bybit has extended its partnership with the Dubai Multi Commodities Centre (DMCC), the cryptocurrency exchange announced today (Monday). Bybit will now transition from being a key ecosystem partner to an advisory role, a move expected to catalyze further growth in Dubai’s burgeoning crypto and Web3 sectors. Advisory Partner The newly elevated partnership, effective from August […]

A trader who continues to build his following with timely altcoin calls believes one Solana (SOL)-based memecoin is gearing up for a massive upside move. Pseudonymous analyst Bluntz tells his 268,500 followers on the social media platform X that dogwifhat (WIF) looks to be setting up to break out from a falling wedge formation. The […]

Following a monthly bearish crossover, which led to another dip, AKT posted losses and slipped under $2 after nine months of trading. It found support and entered a retracement mode at the start of the week. In continuation of the correction phase, Akash’s price broke lower last week to test $2 after initiating a fresh […]

In the first 12 days of Aug., $141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. $141.3 Million Floods Into 20 Crypto Startups and Projects Even with the crypto markets experiencing a […]

In the dynamic world of cryptocurrency, new cryptocurrency projects are constantly emerging, with only a handful of the best ones delivering …

The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.

Shiba Inu (SHIB) skyrockets 5% to $0.0000147, then crashes; what’s driving wild volatility?

Marathon Digital Holdings, one of the US’s largest publicly traded Bitcoin miners, announced plans to raise $250 million through a private offering of convertible senior notes. The funds will be used primarily to expand Marathon’s Bitcoin holdings. BREAKING: 🇺🇸 MARATHON DIGITAL HOLDINGS TO RAISE $250 MILLION TO BUY MORE #BITCOIN pic.twitter.com/6NKbfyDPvh — Bitcoin Magazine (@BitcoinMagazine) […]

A crypto analyst has unveiled a highly optimistic forecast for Bitcoin (BTC), suggesting that the end of the supposed Bitcoin bear trap could propel the price of the cryptocurrency to new highs, potentially reaching $72,000.  Bitcoin Set To Hit $72,000 In a recent X (formerly Twitter) post, a crypto analyst identified as ‘Sensei’ has predicted […]

TL;DR The average gas price on Ethereum has dropped to 1.9 gwei, the lowest level in five years. Low-priority transactions now cost around 1 gwei, a 98% drop from the yearly high. Activity on Layer 2 networks outpaces that on the main chain, increasing the supply of ETH. The recent drop in Ethereum gas fees […]

TL;DR Kamala Harris leads Polymarket odds with 52% to win the presidency. Donald Trump is in second place with a 45% chance. Michelle Obama has just a 1% chance, according to the latest betting odds. The US presidential race has taken an unexpected turn in recent weeks, with Kamala Harris emerging as the front-runner in […]

Bitcoin mining firm Marathon Digital Holdings has announced plans for a $250 million offering of convertible senior notes due in 2031. The latest private offering is targeted at “qualified institutional buyers.” The firm aims to use the proceeds for the acquisition of Bitcoin as well as corporate growth. The company also has the option to […]

Venezuela’s government has cracked down on several websites, including Binance, the world’s largest cryptocurrency exchange, Coindesk reported. This move comes in the wake of a highly contentious presidential election, marked by accusations of fraud and widespread unrest. Government Tightens Internet Control Venezuela’s authorities have begun restricting access to various websites, including social media platforms like […]

In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again.

Failed crypto lending platform, Celsius, has sued stablecoin issuer Tether for US$3.5 billion, alleging the misappropriation of tens of thousands of Bitcoin. The lawsuit stems from a deal struck between the two parties in 2022 as Celsius entered bankruptcy proceedings—the lending platform borrowed USDT from Tether in exchange for BTC, which was plummeting in value […]

Binance Labs, Binance’s investment arm, has invested an undisclosed amount in Solayer, a new restaking protocol on Solana. The protocol allows users to restake SOL and liquid stake tokens across Solana-based dApps, strengthening their security and allowing users to maximise yields. The news coincides with a critical vulnerability found in the Solana network, successfully patched […]

Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […]

Sports supplements company Insane Labz allegedly paid trolls to impersonate MMA celebs Dana White, Nate Diaz, and Hasbulla and pump its token.

Losing more than 60% of its value in two months, Notcoin found support this week and increased a little. Due to a significant drop in buy volume, the price has remained stagnant as it decides on the next major move. If not all, most gaming assets have reset back to their local bottom amid past […]

Justin Sun not controlling wrapped Bitcoin despite all talks around it

Bitcoin Magazine is excited to announce that veteran reporter and author Aaron van Wirdum has been named Editor in Chief, a position he formerly held from 2021 to 2022. The appointment follows his sabbatical in 2020 to write “The Genesis Book: The Story of the People and Projects That Inspired Bitcoin,” released by Bitcoin Magazine […]

Solana started a downside correction from the $162 resistance zone. SOL price is back to $140 and might attempt a fresh increase above $150. SOL price started a downside correction below the $155 and $150 levels the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a […]

The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale.

TL;DR Ion Protocol secures $7 million to develop its Nucleus platform, aimed at improving monetization for rollups and appchains. Nucleus will enable networks to offer native yields for assets backed by ETH, BTC, and USD, incentivizing deposits and maximizing the value of bridged assets. The platform addresses a common limitation of Ethereum rollups by providing […]

TL;DR Cryptocurrency startups received $2.7 billion in venture capital investments in the second quarter of 2024, a 2.5% increase compared to the first quarter. The number of deals closed decreased by 12.5% from the first quarter, showing a notable cooling in investment activity. Investments have been primarily focused on infrastructure projects, while consumer-oriented applications have […]

TL;DR Binance will delist six altcoins, leading to significant price drops for these assets. Such efforts have historically triggered sharp price crashes due to various reasons such as reduced liquidity and market panic. The Latest Update The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues […]

Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […]

With the advent of cryptocurrency, criminals have found new methods to launder money, utilizing the decentralized and encrypted nature of digital …