Dogwifhat (WIF) is showing strong growth potential and could reach $2.95, more than 15% higher than its current price. A recent technical indicator, known as a golden cross, suggests that this upward trend might continue, similar to the 40% increase seen in May 2024. Additionally, Donald Trump’s upcoming speech at the Bitcoin 2024 conference on…
South Korea’s new rules to protect users’ crypto assets took effect on July 19. These regulations, introduced by the country’s financial watchdog, aim to ensure safer handling of digital currencies by virtual asset service providers (VASPs). The “Virtual Asset User Protection Act” requires virtual asset service providers (VASPs) to follow new steps to keep users’…
Terraform Labs has been authorized to reopen the Shuttle Bridge for 30 days. During this period, the company plans to transfer and burn 125 million LUNA tokens to reduce their circulation. Additionally, creditors must submit their claims by August 9, 2024, for debts incurred before January and July. The new court order also facilitates the…
BlackRock’s iShares Bitcoin Trust (IBIT) saw a major inflow of $102.7 million, showing strong market confidence. This positive development contrasts with recent negative trends in the broader crypto market. Thomas Fahrer points out that BlackRock’s large Bitcoin purchases reflect growing interest from institutional investors. BlackRock’s iShares Bitcoin Trust Sees $102.7M Inflow Amid Market Trends On…
Telegram’s Hamster Kombat has launched a new “Fight fight fight” card referencing a failed assassination attempt on Donald Trump. The card shows cartoon hamsters recreating a dramatic scene from Trump’s rally. With over 250 million players, the game is buzzing as it nears its token launch. Hamster Kombat’s New Card Draws on Trump’s Crypto Engagement…
Cardano’s upcoming Chang upgrade aims to address concerns about the project’s future, as ADA’s price has fallen 60% from its 2024 high. Despite a brief recovery in July, skepticism remains, with some analysts declaring Cardano as a dead project. In response, Cardano founder Charles Hoskinson is discussing with Elon Musk the potential integration of decentralized…
Solana has recently shown strong performance in the cryptocurrency market, breaking through significant resistance levels. On its weekly chart, Solana has successfully surpassed the 100 and 50 EMA resistance levels, indicating a bullish trend. This pattern suggests that the asset may continue its upward movement. Looking ahead, the long-term prospects for Solana could be even…
Shiba Inu’s Shibarium is experiencing a dramatic 75% drop in a key metric, reflecting a sudden decline in activity. Data from Shibariumscan shows that active accounts on the network fell sharply from 657 to 168 within just 24 hours. This significant drop is concerning, especially in light of recent events like the WazirX hack and…
Dogecoin (DOGE) has recently surpassed 90 million wallet addresses, marking a significant milestone and demonstrating substantial growth in its user base. This surge in wallet addresses aligns with a 15% rise in Dogecoin’s value. The increase in wallet addresses comes during a broader revival in the cryptocurrency market, contributing to DOGE’s impressive new levels. Analysts…
Cryptocurrency scammers are exploiting the viral popularity of Hamster Kombat, a Telegram-based clicker game, by staging fraudulent airdrops. Players of the rapidly growing mobile game are being targeted by malicious actors aiming to profit from the game’s success. These scammers are conducting phishing attacks, deceiving Hamster Kombat players into performing actions that benefit the attackers….
The WazirX breach reveals vulnerabilities in multisig wallets, even with strong security measures. In one of the year’s biggest cyberattacks, the Indian cryptocurrency exchange lost over $230 million from a multisig wallet. WazirX reported that the attack targeted a multisig wallet using Liminal’s custody and wallet infrastructure since February 2023. The wallet had six signatories—one…
As Binance’s HODLer Airdrops Portal lists Banana Gun, the BANANA token has surged 26%, reflecting strong market excitement. Binance has announced Banana Gun (BANANA) as the first project featured on its airdrops portal. BANANA is the token for the Telegram-based trading assistant, Banana Gun bot. Binance Airdrops BANANA Tokens: Key Details and Listing Information Binance…
Lucie, Shiba Inu’s marketing lead, has underscored the importance of the upcoming play-to-earn (P2E) game, Shiba Eternity. She pointed out that the game marks a major milestone for Shiba Inu’s blockchain, Shibarium, as well as for its ecosystem tokens, SHIB and BONE. In her announcement, Lucie shared a short clip showcasing Shiba Eternity’s gameplay, further…
Polygon, a Layer 2 blockchain, will transition from using its MATIC token to a new POL token as part of its Polygon 2.0 upgrade. Polygon will upgrade its mainnet on September 4, 2024, after the community approved the proposal. This upgrade will replace the current MATIC token with a new POL token and bring in…
Grayscale has announced a significant fee reduction for its Ethereum Mini-Trust, cutting the fee to 15 basis points. Additionally, the trust will offer a complete fee waiver for inflows up to $2 billion or for a period of six months. With just four days remaining before the launch of its spot Ethereum ETF, Grayscale’s adjustments…
OKX, a leading cryptocurrency exchange, has announced its decision to withdraw from the Nigerian market, effective August 30. The move comes in response to significant regulatory changes in Nigeria. A spokesperson for OKX underscored the exchange’s commitment to adhering to local regulations in all jurisdictions where it operates. OKX Ceases Operations in Nigeria Amid Regulatory…
A U.S. judge has approved a settlement of about $9 million in a lawsuit against Robinhood alleging that the firm’s referral program enabled users to send unsolicited advertising messages to their contacts. Robinhood Financial LLC denied the allegations. A U.S. judge, Barbara Rothstein, has ordered Robinhood, a website for trading stocks and cryptocurrencies, to pay…
The latest survey of Mt Gox creditors shows that a significant majority plan to hold onto their Bitcoin once they receive their repayments. This news comes amidst growing anticipation within the cryptocurrency market. Analysts are closely watching for potential market effects as these creditors await their long-awaited reimbursements. Interestingly, current market sentiment suggests that institutional…
WazirX’s recent hack saw over $230 million worth of crypto stolen, including a staggering 5.4 trillion SHIB tokens. The hacker began selling off SHIB, triggering a more than 10% drop in its price as investors worried about additional selling pressure. Despite efforts to burn tokens, the SHIB community remains anxious about further selling and its…
Chainlink has launched the Digital Assets Sandbox to accelerate digital asset innovation in financial institutions. This platform allows experimentation with financial tools like bond tokenization, collateralization, and cross-chain trading. It provides a secure environment on Chainlink’s platform for financial institutions to explore and test blockchain technology. Chainlink Launches Digital Assets Sandbox Chainlink has introduced the…