Quick Look
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril...
Avalanche announces Avalanche9000, its largest upgrade since mainnet launch
Avalanche9000 upgrade will enhance subnet deployment on Avalanche, making L1 launches more feasible. The upgrade will also...
Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for...
Forgd is Reinventing Web3 Advisory with Free Tools for Tokenomics Design
New York, NY, September 3rd, 2024, Chainwire Forgd, a token advisory and optimization platform, announced the launch of its...
Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal...
SEC charges fund adviser Galois Capital over crypto custody failures
The SEC has charged investment adviser Galois Capital with crypto custody violations, including holding of investor assets on FTX....
UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case
The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing...
Threshold community proposes merger to safeguard WBTC amid growing concerns
Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s...
Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable...
ZKsync developer Matter Labs lays off 16% of its workforce
Matter Labs has laid off 24 employees, over 16% of its workforce, amid market changes. The company is shifting focus from...
Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short...
WSPN Secures $30M Seed Funding, Former Visa President Joins Board
WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a...
Report Disputes EIP-1559’s Role in Ethereum’s ‘Ultrasound Money’ Narrative
Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of...
Meme Coin Prices Recover as Top Crypto Expert Predicts 10x Returns for New Crypto All-Stars Token
Meme coins are in the spotlight today, rallying after an extended period in the red. Thanks to this revival, several new coins are...
Academic Paper Demonstrates Bitcoin Mining’s Potential to Mitigate Methane Emissions
Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a new study showcasing a...
De.Fi World 2024: The Premier Gathering for Web3 Innovators in Bangkok
PRESS RELEASE. Join the inaugural De.Fi World 2024, presented by De.Fi – the biggest DeFi event of the year. The one-day...
Latam Insights Encore: Learning From El Salvador’s Lesson on Using Bitcoin as a Rebranding Tool
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week....
WazirX hacker sends $6.5M ETH to Tornado Cash amid ongoing INR withdrawals
WazirX hacker sends $6.5M ETH to Tornado Cash as the second phase of INR withdrawals starts The hack on July 18 led to a $230M...
Dash Launches Evolution Platform, Ushering in a New Era of Decentralized Applications
Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution...
Jailed Binance Employee Tigran Gambaryan Denied Wheelchair, Forced to Use Crutches
Jailed Binance employee, Tigran Gambaryan, was denied the use of a wheelchair while entering court and had to use crutches, causing...
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical...
TON Blockchain Reaches 1 Billion Transactions
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network....
Okx Approved to Provide Cross-Border Payment Services in Singapore
Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS),...
Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called...
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the...
SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance...
USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S....
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position...
Why Betospin Is the Online Casino Everyone’s Talking About
PRESS RELEASE. Betospin.com is redefining the online gaming experience. In a world of copycat products, Betospin is setting a new...
Qatar Unveils 2024 Digital Assets Framework
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework...
Russian Analyst Examines Post-Airdrop Performance of Hamster Kombat Token
Vladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, believes that...
Bitcoin ETFs outperform Ether ETFs as BlackRock’s IBIT leads peers
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M...
Google Trends Data Reveals Cooling Interest in Bitcoin Amid Market Uncertainty
As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as...
Blockchain Life 2024 in Dubai: Speak lineup revealed
On October 22-23, Dubai will host the 13th international forum Blockchain Life 2024 – one of the largest global events in the field...
Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding...
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto...
Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning...
Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its...
Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to...
Metaplanet partners with SBI VC Trade to enhance Bitcoin strategy
Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services behemoth SBI...
India’s HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central...
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this...
Why Socialism Fails: A Misesian Perspective
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic...
Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion...
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about...
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low,...
Coinbase Reports Its First AI-to-AI Crypto Transaction
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new...
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan...
Frax Finance Launches Frax Name Service for Decentralized Identity Management
Frax Finance has launched the Frax Name Service (FNS), a decentralized identity service that allows users to register unique names...
Brazilian Supreme Court Bans X, Imposes Fines for VPN Circumvention
The Brazilian Supreme Court ordered a nationwide ban on X after a prior order mandating the social platform to assign a local...
US Election-Year Bull Runs: How Bitcoin Historically Surged Post-Victory
With just 65 days remaining until the U.S. presidential election, bitcoin wrapped up August with an 8.6% decline compared to where...
Polymarket Hits Record $472.87M in August Volume Amid Election Betting Frenzy
The blockchain-powered prediction market Polymarket saw an additional $85.84 million in trading volume during August, marking a...
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023....
What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien
IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI,...
NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July,...
Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong...
Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual...
Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings
Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial...
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made...
Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a...
Tanzania Reportedly Blocks X Amid Opposition Crackdown
The East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This...
Crypto Hacks and Scams Cost $300 Million in August
In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were...
Google Chrome Vulnerability Exploited by North Korean Hackers, Microsoft Warns
Microsoft recently detected a North Korean cyber group, Citrine Sleet, exploiting a security vulnerability in Chromium-based...
Payments in National Currencies Surge to 92% Among SCO Members
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to...
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency...
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He...
Dogecoin Manipulation Lawsuit Against Elon Musk and Tesla Dismissed
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for...
South Korea’s Bitcoin Premium Persists Amid Market Volatility
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m....
UBS Predicts Further Weakening of US Dollar
UBS predicts further depreciation of the U.S. dollar due to narrowing interest rate differentials, ongoing U.S. fiscal deficit...
Block Scholes and Bybit Report Highlights Stability in Crypto Derivatives
A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence. The...
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far....
$2 Billion Milestone Reached in Tokenized Treasury Bonds
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among...
Forget Airline Miles: Are Crypto Casinos Like Cloudbet Reinventing the Rewards Game?
For decades, loyalty programs have been a staple of customer retention strategies across various industries. From airline miles to...
Ethereum’s Gas Fees Remain Low While Network Turns Inflationary
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost...
Texas approves debtor-in-possession financing plan for BTC miner Rhodium
Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is...
Friday Market Recap: Ether ETFs See Zero Gains as Bitcoin ETFs Bleed $175 Million
Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $175.67 million. At the same...
Bitcoin Dogs (0DOG) surges as Bitcoin (BTC) demand increases in the US
Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool. Rising Bitcoin interest in the US boosts 0DOG’s value...
Washington Man Faces Charges in $64 Million Crypto Laundering Scheme
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived...
Vitalik Buterin defends recent ETH sales, says they’re for projects and charity
Vitalik Buterin clarifies ETH sales were for projects and charity, not profit. He held 325K ETH three years ago but now holds 240K...
Devs demonstrate AI to AI crypto transactions on Coinbase Developer Platform
Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to...
Argentine President Javier Milei to Star in His Own Docuseries on X
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part...
Trump Maintains Slight Advantage in Election Odds on Polymarket After Harris Interview
After a 40-day interview hiatus, Vice President Kamala Harris has finally given her first Q&A session since President Joe...
Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which...
Justin Sun Presents Keynote Speech at WebX 2024, TRON DAO Featured as Title Sponsor
PRESS RELEASE. Geneva, Switzerland, August 30, 2024 – WebX 2024, a global Web3 conference organized by CoinPost, welcomed...
Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax...
Binance Research Report: Blockchain Could Transform Cross-Border Transactions
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A...
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to...
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the...
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with...
Bitcoin touches $58k again as analysts share bearish forecasts
Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is...