Quick Look
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting...
Crypto price prediction: Solana, Poodlana, Bitcoin
SOL is among the well-recovered assets, but it’s not out of the woods yet. 10 days ahead of the end of its presale, POODL has...
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana...
Plus Token Ponzi scheme wallets moved $63M ETH after years of inactivity
Plus Token wallets moved $63.1M ETH after three years of inactivity. Dormant funds, once held in Bidesk, were partially transferred...
WALZ Meme Coin Skyrockets After Harris’s VP Pick – Now It’s on a Downward Spiral
Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana...
Crypto price crash sends investors flocking to Poodlana (POODL) presale, 9 days to go
Poodlana presale ends in 9 days, offering a discount before listing on Raydium. Viral in Asia, Poodlana raised over $5.5 million...
Nostalgic P2E Meme Coin PlayDoge Trends in $6M Presale – How High Can PLAY Go?
Remember Tamagotchis? Crypto’s latest craze is similar to that – but with an exciting twist. PlayDoge (PLAY) is...
Aventus Supply Chain Solution Demonstrates Polkadot’s Impact on Aviation Inudstry
London, United Kingdom, August 7th, 2024, Chainwire Blockchain-based solution drives significant improvements in data visibility,...
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and...
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to...
Strike partners with Bitstamp to bolster crypto purchases for EU users
Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe. Bitstamp will provide...
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin...
SEC Challenges Coinbase’s Extensive Discovery Requests
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC...
KIP Protocol’s $10m DAO Proposal Approved to Transform Education for 250 Million Students Globally
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its...
De-Dollarization Faltering in Africa Because Citizens Lack Confidence in Their National Currencies
Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents...
Surge in Bitcoin Scams Hits Lubbock, Police Warn
Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of...
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared...
Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their...
Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation
A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this...
Fake Crypto Recovery Service Operator Arrested and Charged
The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery...
JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals....
Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’
Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the...
MyStake Hosts 2024 Summer Olympic Games Leaderboard
PRESS RELEASE. Get ready for the 2024 Summer Olympic Games with MyStake’s exciting new promotion: the 2024 Summer Olympic...
Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings
Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024,...
Valour to issue digital asset ETPs in Kenya as it expands beyond Europe
Valour partners with NSE and SovFi to launch Bitcoin, Ether, Solana, and Hedera ETPs. The ETPs will be passported to NSE, marking...
Immunefi Report Reveals Alarming 112% Rise in Crypto Hacks and Frauds in Q2 2024
Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the...
Core Scientific surges 17% after latest CoreWeave announcement
Core Scientific shares climbed more than 17% on Tuesday as the bitcoin mining company announced new developments around its deal...
US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s Rise
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures...
Crypto Gaming Showdown: Why Lovely Legends is Set to Outshine Hamster Kombat
PRESS RELEASE. The cryptocurrency gaming sector is witnessing an intense rivalry between two notable titles: Hamster Kombat and...
Crypto meltdown sends TrumpCoin (DJT) crashing over 90%
TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million...
US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44...
Ronin suffers $9.8 million exploit, pauses bridge
Ronin Network pauses bridge after $9.8 million exploit. Initital updates suggest it may be a white hat hacker. Ronin, the...
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception....
Bitcoin rebounds after massive sell-off; BRETT and Poodlana shine
Bitcoin trades above $55k after a sharp sell-off that saw it break below $50k. Brett (BRETT) meme coin is leading top gainers among...
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against...
Indian law enforcement agency DGGI wants $86M unpaid GST from Binance
India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax...
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has...
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week,...
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...