Quick Look
East African Scientists Use AI for Accurate Extreme Weather Forecasts
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to...
Polymarket in focus as CFTC is pushed to ban gambling on US elections
Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting,...
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an...
Europe’s fourth largest hedge fund discloses $500m in spot Bitcoin ETFs
Capula Management, Europe’s fourth largest hedge fund, has disclosed it holds nearly $500 million in spot Bitcoin ETFs. The spot...
Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency...
BC.GAME Partners with Cloud9 as the Organization Expands Esports Portfolio with Entity Acquisition
WILLEMSTAD, Curacao, August 5th, 2024, Chainwire BC.GAME and Cloud9 Esports extend their existing partnership with Cloud9’s...
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate...
Poodlana ignores the crypto sell-off as token sale nears $5 million
Cryptocurrencies have shed billions of dollars in the past few days as investors remain concerned about Japan, US election, and...
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from...
Online casinos will add $7.10B a year to the British economy by 2029, according to market data
UK online casino sector to grow from $6.47B to $7.10B annually by 2029 UK leads globally in online casino revenue, surpassing the...
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was...
DeSci Project StarChain Achieves Major Milestone By Unifying 500 Terabytes Of Astronomical Data
DeSci Project StarChain Achieves Major Milestone By Unifying 500 Terabytes of Astronomical Data Zug, Switzerland, August 5th, 2024,...
Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto...
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin...
‘Yen Carry Trade’ Blamed for Global Market Rout, Jump Crypto’s ETH Sale Worsens Ether Plunge
The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock...
Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum...
Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While...
Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives
As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of...
Solana plummets to near $110 amid $1 billion crypto liquidation
Solana has plunged more than 20% to trade near $110 as crypto traders see more than $1 billion in trading positions wiped out in...
Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist
Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by...
Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of...
Bitcoin tumbles, tests $49,000, amid major crypto selloff
Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and...
Pan-African Tech Firm Cassava Technologies Launches AI Unit
Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its...
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass...
6 Indicators of Economic Trouble: Is a US Recession on the Horizon?
At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing...
South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise...
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This...
Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’
Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass...
An Analysis of Solana’s Celebrity Memecoin Invasion
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the...
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In...
ZKX Shutdown: Amber Group Slams the Protocol’s Lack of Transparency
Amber Group has criticized ZKX protocol’s abrupt decision to cease operations, stating that it sets a concerning precedent. Hashkey...
Macroeconomics Expert Predicts Hard Landing for US Economy
Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S....
Market Mayhem: Bitcoin Crashes Below $59K, $223M in Liquidations as South Korea’s Premium Spikes
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours,...
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the...
Nigeria Acts to Stabilize Currency with Forex Auction
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The...
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with...
Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in Review
The U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report,...
Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation
A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting...
Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company
Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin...
Blockchain and Nation-State Infrastructure: Why Bother?
We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall...
Megaeth: The Endgame ETH Scaling Solution
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the...
Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa
Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and...
India’s Crypto Raid Uncovers Massive Fraud in Ladakh
India’s Enforcement Directorate (ED) has executed its inaugural raid in the Leh Ladakh region to investigate fraudulent...
Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto
Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government...
Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’
Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are...
BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says
The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina...
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors...
JPMorgan Expects Silver Prices to Soar in 2025
JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors...
US Senators Flooded With 2,200 Letters Advocating Bitcoin as Strategic Reserve
U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a...
Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days
On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s...
Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine
Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands...
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This...
Morgan Stanley allows advisors to offer Bitcoin ETFs to clients
Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds...
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million...
The Open Summit Set to Transform Asia’s Web3 Landscape as the largest TON event this Summer
PRESS RELEASE. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global...
Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 Advocate
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather...
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount...
Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report
Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a...
Iran Backs Russia on BRICS Single Currency Initiative
Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the...
Coinzoom Operations Suspended in Ohio Following Regulatory Examination
The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a...
Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an...
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal...
New York DA’s Office Hiring Full-Time Crypto Analyst for Cybercrime Bureau
The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity...
Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com
Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The...
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes....
State Duma Financial Market Committee Leader Envisions Bitcoin and Digital Ruble Exchanges
Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of...
DOJ Launches Whistleblower Awards Program to Tackle Crypto Crimes
The U.S. Department of Justice (DOJ) has initiated a Corporate Whistleblower Awards Pilot Program to encourage reporting of...
Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC
Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors,...
Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions
Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong...
Bitcoin network difficulty reaches record high amid price volatility
Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677...
Bybit Exits French Market Amid Regulatory Pressures
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French...
Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading
Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees. New users can receive incentives like Bitcoin or...
Gold Breaks $2,500 per Ounce, Reaching Historic Highs Powered by Fed’s Decision and Geopolitical Risks
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached...
PlayDoge ICO Nears $6M as Retro-Style P2E Meme Coin Goes Viral
PlayDoge (PLAY), the latest meme coin sensation, is on the verge of hitting a major milestone. This retro-style project is nearing...
Open Summit Set to Transform Asia’s Web3 Landscape as largest TON event this Summer
Experience the new economy with TONX ID at The Open Summit – Unlock Rewards from Over Thirty TON Projects Both Online and Offline....
Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of...
Top Microsoft Engineer Predicts Blockchain Vertical Upscale: Which Industries Might Lead the Charge?
Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in...
Polymarket $3.8 Million Venezuelan Presidential Election Bet Still Undecided
Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the...
Bitflow integrates swap function into Leather Wallet
Bitflow integrates its swap function into the Leather wallet for 370,000 users. The partnership enhances user experience and...
Bahamas Enacts Digital Assets and Registered Exchanges Act
The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in...
Robert Kiyosaki Urges Investors to Save Bitcoin as Smart Money, Highlighting Trump’s BTC Endorsement
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to save bitcoin instead of fiat currencies, which he calls “fake...
Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users
Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency...
Study: Surge in Popularity of Liquid Restaking Token Protocols Driven by Growing User Trust
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January...
Ghana Launches Centralized Online Foreign Exchange Trading Platform
The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance...
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of...
FBI Issues Warning About Crypto Exchange Scams
The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to...
Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances
Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in...
Finder Experts Predict Ether Hitting $23,549 by 2030 — Majority Say Time to Buy ETH
A survey of 32 cryptocurrency experts on the Finder panel predicts significant growth for ether prices, with average forecasts of...
DeFi Protocol Convergence hit by major hack, CVG token collapses
Decentralized governance hedge fund platform Convergence exploited. 58M CVG tokens minted and swapped. CVG token value plunged 99%...