The Bernstein Research states that US miners have easier access to capital. The report states that US BTC miners will dominate the crypto-mining market. It also declared that combining Bitcoin mining with AI data centers is challenging. The Bitcoin miners based in the U.S. are well-positioned compared to unlisted miners. U.S.-based BTC miners have more…
Internet Computer (ICP) price faced a challenging week, which ended in a breakeven scenario. The price seemed to be struggling to find a clear direction and was consolidated near the demand zone for the whole week. Despite a positive start to the week, ICP failed to capitalize on the gains and was consolidated. Earlier, Internet…
The Solana (SOL) ecosystem stands out for many reasons. The altcoin has witnessed a rise of nearly 600% over the past year. SOL was trading at a low of $21 just a year ago, but the asset managed to surge beyond the $200 level. Despite this, the asset failed to reach its all-time high of…
EURC, a euro-backed stablecoin issued by Circle Internet Financial, has reached an important market cap milestone. The recent achievement comes amid Circle’s acceptance under the European Union’s Markets in Crypto-Assets (MiCA) regulation. It also highlights the EURC’s increasing adoption in the European market as it fights for dominance among its competitors. EURC Stablecoin Hits $5M in Market…
Your guide: How to Buy Crypto with HDFC Bank? All over the world, crypto has become ultra-popular. It has become common for people to buy digital currencies like Bitcoin, Ethereum, and others as they look for ways to spread out their financial interests. Have you ever wondered, “How to Buy Crypto with HDFC Bank?” If…
Satoshi Nakamoto, the most enigmatic figure in the crypto industry, remains unknown. He probably holds 1.1 million BTC, which makes him one of the wealthiest Bitcoin whales. Nakamoto mined the first Bitcoin block in January 2009 and published its whitepaper in October 2008. That whitepaper had Nakamoto’s name; thus, he became the creator of the…
The NFTs’ market capitalization added 1.50% intraday, reaching $67.71 Billion. According to data, CryptoPunks #6345 became the most costly NFT sold for 41.00 ETH. JOYWORLDS JOYs has a floor price of 111.00 ETH, followed by Autoglyphs at 105.00 ETH. Following the cryptocurrency market boom at the beginning of 2022, NFTs evolved as one of the…
Most users are familiar only with hardware and mobile wallets. Very few people know about crypto paper wallets. Let’s explore what crypto paper wallets are, how they work, and their pros and cons. Understanding Crypto Paper Wallet A crypto paper wallet is a physical paper holding an online wallet’s personal and public keys. It makes…
US federal agencies are in the process of redefining the term “money” to encompass crypto, subjecting them to the same reporting obligations as conventional currency. The objective of this measure is to guarantee that financial institutions regard crypto with the same level of importance as traditional currency when disclosing both domestic and international transactions. The…
Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. According to CoinGecko, the token is up 14% since last week. This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull altcoins upward as well. Related Reading With favorable market conditions, TRX has a chance to…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of…
Mandiant, a cybersecurity firm owned by Google, recently completed its forensic investigation of WazirX. WazirX’s laptops used for transaction signing were not found to have been compromised in any way by the firm. This disclosure comes when the crypto exchange was hit by a major hack in the previous month, which led to a loss…
In an unprecedented finding by a crypto research agency, an unknown crypto wallet holder continues to buy wrapped bitcoin, WBTC. As per Lookonchain, the whale has acquired WBTCs for the last few weeks and has deposited more than $118 million. The proposal by BitGo to transfer WBTC management to BiT Global and Tron is the…
The Crypto X is reacting to an update from the Washington Reporter featuring Vice President Kamala Harris and Gary Gensler. The report noted that VP Harris might appoint the Securities and Exchange Commission (SEC) Chairman as the Treasury Secretary. This is a very important role in the US Government that might further strain the relationship with the…
Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. Related Reading According to Pandl, the fact that…
The Dogecoin (DOGE) market finally moved beyond the 9 cents zone to 10 cents. Over the past 24 hours, DOGE surged by 4.65%, trading at a high of $0.1049. Along with its price, the meme coin’s market cap and volume witnessed a 4% and 54% daily rise. At press time, DOGE’s daily volume was at…
China updates AML laws to include virtual asset transactions as a recognized money laundering method. Revised guidelines target illicit activities, like money laundering, in virtual asset transactions. The Chinese Police detained six people in connection with a money-laundering case worth over 2 Billion yuan. China is among the leading economies in the world that have…
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated…
Your guide: How to Buy Tether USDT in Hong Kong? Tether (USDT) has become a popular choice for people who want steadiness in the volatile world of cryptocurrencies. This stablecoin, which is tied to the US dollar, is a safe way to keep your money safe from the instability that comes with other cryptocurrencies. You’ve…
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade…
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts…
Nigeria’s tax-collection authority, FIRS, reportedly intends to introduce a bill to tax crypto to the Nigerian parliament by September. FIRS briefed lawmakers on this plan, saying that the authority wants to regulate crypto more. “We just have to plan to regulate” crypto “in such a way that it is not injurious to the economic development…
Your guide: How to buy Crypto with Societe Generale? Are you a huge fan of the crypto world? Maybe you do business with Societe Generale. Just maybe, you’re also a bit curious about how to begin investing in crypto. If you’ve ever wondered, “How to buy crypto with Societe General?” you’re in luck. Societe Generale…
Toncoin (TON) emerged as one of the biggest gainers in the past 24 hours. The asset caught the attention of the market after it recorded a 12% rise. TON went all the way from a low of $6.67 to a high of $7.07, as per CoinMarketCap. At press time, however, the asset encountered a slight…
Tyler Winklevoss, the co-founder of Gemini crypto exchange, has urged 50M US crypto-owners to pressure Kamala Harris to disperse the US SEC chair before the forthcoming elections. He has asked for pressure on the government from the crypto-owners to dismiss Gary Gensler of the US SEC before the onset of elections in the US. Winklevoss…
Gate Ventures, the venture capital branch of crypto exchange Gate.io, has partnered with the Blockchain Centre in Abu Dhabi to launch a $100M fund to spur innovation for Web3. It has introduced this new corporate initiative to collaborate with Web3 builders. The exchange’s venture arm said the fund will be used to push forward decentralized…
The goal of Ripple’s XRP has been to increase its utility, and the network has acted accordingly. Below, we will dive deep into this story, so scroll down to read more! Also Read: Ripple (XRP) and Dogecoin (Doge) August Price Predictions Suisse Gold’s Integration of the Coin Suisse Gold appears to be contributing to this…
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare…
Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and the investigation’s findings have been shared with law enforcement and other agencies to assist in recovering…
As per an on-chain expert firm, the Ethereum co-founder recently transferred 400 ETH to Railgun. Earlier, on August 09, Vitalik Buterin transferred 3000 Ethers to a multisig wallet. According to available information, he transferred 662 ETH (approx. $1.91M) to Railgun over the past ten months. Vitalik Buterin, the co-founder of Ethereum, remains in the limelight…
Quidax, a Nigeria cryptocurrency exchange, gathers provisional approval from the region’s SEC to act as a registered exchange. As of April 2024, the digital asset trading platform has 600k users globally and is based in 50 nations, including Ghana. According to the data, Nigerian law enforcement agencies have detected cryptocurrencies worth $50 million. Since the…
Ethereum is the main part of former President Donald Trump’s crypto portfolio. This news has shocked both political and financial worlds, showing how a famous person’s investment strategy can influence markets. Also Read: U.S. Credit Card Debt Reaches Record $1.14 Trillion Trump’s Crypto Portfolio: Ethereum’s Dominance and Investment Insights A Look at Trump’s Digital Wallet…
The crypto calendar for August 2024 is full of big events and cryptocurrency news. Blockchain updates are changing the crypto world, so staying informed is important. Also Read: A $280 Billion Oil Problem is Plaguing the US Economy Exciting Crypto Calendar for This Week: 19-25th August I. Monday, August 19: Network Changes and Token Releases…
While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information….
With the rapid evolution of blockchain technology, there has been a spike in the number of cryptocurrency projects in the market. Among all listed digital assets, Bitcoin is one of the market’s most legitimate, valuable crypto assets of the market. BTC has marked several milestones in the past few, raising questions among enthusiasts about whether…
Australia’s Securities and Investment Commission (ASIC) has shut down 615 crypto scam websites over the past year, according to an Aug. 19 statement. This action is part of a broader effort to combat investment fraud in the country. The regulator closed 7,300 scam websites, including 5,530 fake investment platforms and 1,065 phishing sites. Over $1…
As per a piece of information, the Upbit crypto exchange employees enjoyed a massive wage surge in Q1, 2024. Blockchain Developer is the highest-paid job profile in the cryptocurrency market. The average salary of a Blockchain Engineer in the United States is $116,000 to $205,000 annually. The expansion of blockchain technology has created thousands of…
Something unusual is definitely on the cards for the Bitcoin (BTC). Experts from a leading crypto analysis agency have discovered that around 75% of Bitcoin has stagnated for the last six months. Glassnode’s Hodl Wave chart has given some severe revelations about Bitcoin hoarding. The findings have disclosed macro view data of the Bitcoins that…
The Shiba Inu (SHIB) ecosystem stunned the globe with its upward trajectory since its inception. The meme coin changed the lives of many following its rally in 2021. This year, SHIB surged to its all-time high of $0.00008845. The asset currently remains 85% below this peak. At press time, SHIB was trading at $0.00001316, with…
Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining…
Lido token prices are constantly bleeding, losing over 40% of its trading price in the past 30 days. When writing, Lido is trading at $1.05 with an intraday decline of 0.76%, with an intraday trading volume of $56.16 Million. Despite weekly bullishness, Lido’s TVL fell over 24% in the past 30 days. Lido, the utility…
Venezuela restricts Binance activities in the region following growing post-presidential election results. Nicolás Maduro reclaimed the victory in Venezuela with a vote share of 51%. The Maduro government detained 2,200 protesters, including four journalists. Venezuela has encountered an unbearable financial crisis over the past few years, and its traditional currency has fallen prey to extreme…
Celsius Network court filing notes that Tether, the issuer of stablecoin USDT, has improperly liquidated 57,428 Bitcoins. Following the lawsuit, Tether wrote on X that it is ready to defend itself from “Shake Down.” FTX’s sudden downfall is also one of the reasons for the collapse of the Celsius Network, as per claims. In the…
Byun Young-oh, the CEO of Wacon, was detained with two others over the charges of operating a virtual currency ponzi scheme. Wacon, a firm with roughly 12,000 members, was reportedly running a Ponzi scheme throughout its regional branches, per court filing. The detained official of the company operated a Ponzi scheme that led to losses…
The crypto market is experiencing a surge downwards. The valuations have noticeably fallen for Altcoins. This is something unexpected for the investors they were anticipating a better performance for Altcoins, which generally gave good results. Crypto analysts are closely monitoring this steep fall against Bitcoin since the last week. Michael van de Poppe, a crypto…
Crypto startups secured $2.7 billion in venture capital funding in Q2 2024, as per the recent data from Pitchbook. The report notes Babylon, a Bitcoin staking platform, raised $70 million in an early-stage round. The global crypto market capitalization is $2.10 trillion, resulting in a mild decline of 0.71%. Over the past few years, the…
NovaTech and its co-founders defrauded over 200k investors, looting $650 Million, as the lawsuit filed by the US SEC. The court filing states that the crypto firm promised its investors that their money was safe and they were making a profit. The broader crypto space lost over $1.9 Billion to 149 hacks, scams, and rug-pulls…
An alleged DDoS attack on X disrupted US’ Republican Presidential candidate Donald Trump’s interview with the billionaire entrepreneur and the owner of Tesla and X, Elon Musk on Tuesday. The attack was massive. It was unclear at the moment about when would the platform resume its functions to normal. Musk, the owner later confirmed that…
As per a Canadian media outlet, David Smillie and his company ezBtc defrauded investors, using their funds for personal use. According to the court filing, the company and its founder looted over 2,300 BTCs and over 600 ETH from the investors. Canada is one of the early adopters of cryptocurrencies, installing the first Bitcoin ATM…
As per recent filings, Metaplant has bought 57.103 BTC for an average price of 8,756,107 Japanese yen per Bitcoin. Metaplant total BTC holding grew to 303.095 BTC, making it one of Asia’s most significant Bitcoin holders. Metaplant’s CEO, Simon Gerovich, notes in his X post that the company aims to become one of the leading…