Quick Look
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...
800 ETH Transferred: Vitalik Buterin’s Latest Wallet Activity Draws Attention
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a...
Bitcoin Dogs, Tron, Akash Network
Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at...
Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775...
Binance to support Cardano and Polygon network upgrades
Binance will support Cardano and Polygon’s upcoming network events in September 2024. Cardano has its Chang hardfork scheduled for...
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July...
Floki plummets as dormant whale moves 15B tokens to Binance
FLOKI plummeted 17% as a dormant whale moved 15.22B tokens to Binance. The whale’s reactivation after 2.5 years triggered panic and...
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of...
LBank Shakes Up the Crypto World: Celebrates 9th Anniversary with Bold New Moves and Leadership Shift
As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth,...
Layer-1 Platform Radix Cuts Workforce by 15%
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the...
Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly...
Parafi Capital Secures $120 Million for Investing in Crypto Funds
The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto...
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of...
Bitcoin Dogs unveils Liquidity Pool, offering traders more investment opportunities
Key takeaways Bitcoin Dogs offers traders more investment opportunities thanks to its new Liquidity Pool. $0DOG has increased by...
Economist Steve Hanke: Research Finds Crypto Owners Are Psychopaths
Economist Steve Hanke cited a University of Toronto study that links cryptocurrency ownership to traits of the “Dark...
Double Jump.Tokyo Raises Over $10 Million From SBI and Sony Group
Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI...
India’s Central Bank Governor Discusses CBDC Progress and International Strategy
The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international...
Durov Unaware of French Arrest Warrant — Macron Denies Knowledge of Durov’s Visit
Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the...
Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request...
Russia Warns France Against Political Moves in Telegram CEO Pavel Durov Case
The Russian government has warned France that pursuing criminal charges against Pavel Durov, the founder of Telegram, could be...
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin...
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a...
Hamster Kombat Finally Announces Airdrop Event Date After Several Delays
Hamster Kombat, the TON-based tap-to-earn game, has announced the date for its token generation event (TGE) and the subsequent...
Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody
Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized...
Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of...
Sony’s Soneium blockchain partners with Transak for fiat on-ramp services
Sony’s Soneium partners with Transak for fiat on-ramp into Ethereum Layer 2. Gamers can buy and trade NFTs with traditional payment...
Bitcoin Market Reaches ‘Equilibrium’ as Speculation Declines, Glassnode Reports
The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply...
Donald Trump unveils plan to make USA the ‘crypto capital of the planet’
Donald Trump aims to make the US the “crypto capital of the planet” if elected. His sons’ World Liberty Financial may involve...
Crypto Expert Says This Meme Coin Could be the Best Buy for the Next Bull Run
There’s a new meme coin making waves, and it’s caught the attention of industry experts. Crypto All-Stars (STARS) is trying to...
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to...
Dogecoin whale inflow surge by 118% as Poodlana gains 148% in a month
Dogecoin (DOGE) net flow into whale wallets has surged by 118%, signalling bullish momentum. Poodlana’s price has jumped 148.75% in...
Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions
The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox...
B2BROKER’s B2COPY Fully Integrates With Spotware’s cTrader
B2BROKER, a developer of the advanced copy trading platform B2COPY, has recently integrated its B2COPY platform with Spotware’s...
Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features
The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began...
Missouri Man Arrested for Extorting Former Employer With Bitcoin Ransom
A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company....
Cybercapital Founder Justin Bons: L2s Are ‘Parasitic’ to Ethereum
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of...
Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon,...
Cypher Capital backs Echelon in $3.5 million seed round
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelon’s $3.5M...
Solayer Secures $12 Million to Enhance Solana’s Restaking Capabilities
Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the...
Crypto.com adds PayPal payment method for US customers
Crypto.com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up...
40 Nations Join US and South Korea in Combating North Korean Crypto Crimes
The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City...
TON blockchain experiences another network outage
TON blockchain has hit another network downtime, less than 24 hours after an extended halt. According to TON, congestion related to...
Donald Trump Launches 4th NFT Collection Featuring Him Holding Bitcoin — Says ‘They Call Me Crypto President’
Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection...
BlackRock launches Ethereum ETF on B3 stock exchange in Brazil
BlackRock launches Ethereum ETF (ETHA39) in Brazil via BDR on B3 stock exchange. Initial trading price set between R$40-R$50 with...
SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action...
HashKey Exchange adds AVAX and LINK trading pairs for retail investors
HashKey Exchange lists AVAX/USD and LINK/USD for retail investors starting August 28. Previously, retail investors in Hong Kong...
Binance CEO Calls Nigeria’s Detention of Tigran Gambaryan Unjust
Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly...
Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui
Grand Cayman, Cayman Islands, August 28th, 2024, Chainwire Fordefi brings institutional-grade security to the Sui Network Sui, the...
New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting Framework
The New Zealand government has introduced a bill to implement the OECD’s Crypto Asset Reporting Framework (CARF). This...
OpenSea gets Wells Notice from SEC
The US Securities and Exchange Commission has issued a Wells Notice to OpenSea, the largest NFT marketplace. OpenSea co-founder...
Coinflip Expands Cryptocurrency ATM Services to Mexico
Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico,...
Telegram CEO Pavel Durov released from custody, taken to court
Telegram founder Pavel Durov has been taken to court following his arrest and detention in police custody for 96 hours. According...
Cryptoquant Report Reveals Faltering Global Bitcoin Demand Despite Recent Spike
A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin...
CoinSwitch takes legal action against WazirX
CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack. WazirX seeks a 30-day moratorium to restructure and...
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency,...
Maker, now Sky, faces backlash over USDS stablecoin’s freeze function
Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze...
Bitcoin.com Introduces Permissionless Bitcoin Price Prediction Game in Partnership With Playnance
Bitcoin.com, a leader in the cryptocurrency space since 2015, has once again raised the bar by launching an innovative Web3 game in...
Polyhedra’s zkBridge Integrates Flare to Enhance Cross-Chain Security with ZK Proofs
Dubai, United Arab Emirates, August 28th, 2024, Chainwire The Polyhedra community has approved a proposal to integrate Flare with...
Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform
The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a...
SEC charges two brothers in $60 million Ponzi scam
The Securities and Exchange Commission filed charges against Jonathan Adam and Tanner Adam over a $60 million Ponzi scheme. SEC...
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September...
Celsius repays two-thirds of its creditors
Celsius has repaid $2.53B to 251,000 creditors, covering 84% of the debt. 121,000 creditors still haven’t claimed their funds, many...
SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60...
Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund
Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200...
Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims...
Aave Labs proposes to integrate BlackRock’s BUIDL into GHO Stability Module
Aave Labs proposes integrating BlackRock’s BUIDL with the GHO Stability Module. The update aims to enhance capital efficiency and...
UAE Requests France to Provide Immediate Consular Support for Telegram CEO Pavel Durov
The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov following his arrest in Paris for...
Maker Protocol rebrands to Sky, Dai stablecoin rebranded to USDS
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a...
Bitcoin Loses Footing as Price Slips Below $62K Threshold
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto...
Robinhood Wallet has added support for Solana
Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly...
Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’
Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram...
Ethereum falls below $2.6k as whales dump ETH
Ethereum is down more than 5% in the past 24 hours to trade below $2,600 as altcoins show weakness. The top altcoin’s dip to lows...
French President Emmanuel Macron Dismisses ‘False Information’ on Pavel Durov’s Arrest; ‘It Is in No Way a Political Decision’
Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of...
TOKEN2049 Singapore exhibition space sold out, very limited delegate tickets remaining
Exhibition space sold out a record month ahead of the world’s largest crypto event Speaker highlights include Binance CEO Richard...
The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut
As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is...
Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum
Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite...
US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of...
Maker Protocol rebrands to Sky, Dai stablecoin rebranded into USDS
Maker Protocol rebrands to Sky, renaming Dai stablecoin as USDS. MKR governance token upgraded to Sky (SKY) with a 1:24,000...
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets...
OKX adds support for new USDC spot trading pairs
OKX has introduced support for multiple USDC spot trading pairs They include ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY Crypto...
Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam
Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam...
Poodlana price rejoins the ongoing crypto rebound
Poodlana token rose for the second consecutive day as Bitcoin and other cryptocurrencies bounced back. It jumped to a high of...
Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore...
Latam Insights Encore: El Salvador’s Bitcoin Education Investments Set to Pay Off in Adoption
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past...
Former US Federal Agent Tigran Gambaryan Marks 6 Months in Nigerian Detention
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he...
Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3
In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily...
Former Russian PM: BRICS Not Ready for Common Currency
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency,...