The cryptocurrency market has recently experienced a significant downturn, with the total market capitalization falling by 10% between Aug. 14 and Aug. 23. This decline has brought the market to its lowest point in over two months, standing at $1.04 trillion. The movement in the market has led to a substantial number of liquidations on
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The advent of Unstoppable Domains’ (UD) instant messaging system has marked a new era in Web3 communication. This groundbreaking development, announced by principal engineer Aaron Quirk on August 23, now allows owners of UD-registered usernames, such as .crypto, .wallet, and .polygon, to seamlessly message one another across various XMTP-enabled apps. To ensure privacy and security,
The constantly evolving landscape of financial markets has witnessed remarkable technological advancements in recent years. These developments have revolutionized the way investors engage with the market, placing a strong emphasis on digital tools and platforms. In this context, the emergence of yPredict, an AI-driven platform specializing in crypto signals, has generated significant interest among investors.
Sonik Coin ($SONIK) is a rapidly emerging player in the meme coin space. As a community-driven meme token, it aims to become the fastest-growing project in its niche. With a fair presale currently underway and attractive staking rewards, Sonik Coin injects hilarity and vibrant energy into the meme coin market. Following the recent successes of
Coinbase, one of the leading cryptocurrency exchanges, has recently made a significant stride in the evolution of crypto regulation in the United States. The platform has secured regulatory approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM), becoming the first crypto-native platform to offer both spot crypto trading and
The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first
In a surprising turn of events, it has been revealed that former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. This information was brought to light by the non-profit watchdog, Citizens for Responsibility and Ethics in Washington, in their recent financial statement release on August 14th. The financial report discloses
Cryptocurrencies have become increasingly popular in recent years, with stablecoins being one of the fastest-growing sectors. However, last year’s stablecoin implosion highlighted the need for global regulations and norms to ensure the stability and transparency of this sector. While many international leaders have called for such regulations, only a few have taken concrete steps to
PayPal, the global online payment solutions provider, has announced that it will temporarily suspend its cryptocurrency buying services in the United Kingdom. Select users received an email on August 14, notifying them of this upcoming disruption. The pause on buying crypto will commence on October 1, 2023, and is anticipated to last until early 2024.
In a groundbreaking collaboration, Adidas Originals and BAPE have unveiled a limited-edition sneaker collection called the Triple-White Forum 84 BAPE Low. This partnership goes beyond the boundaries of traditional fashion, incorporating technology into the mix. The highlight of this collaboration is the introduction of a “digital twin” NFT version of the sneakers, allowing enthusiasts to
In the world of cryptocurrency and blockchain, a groundbreaking project called Chimpzee is making waves with its innovative approach to passive income and conservation. This green web3 platform is currently running a highly successful presale of its native $CHMPZ token, raising an impressive sum of close to $1.2 million. With a mission to combine philanthropy
The decentralized finance (DeFi) sector continues to evolve with new innovations and advancements. One such development is the launch of Nexera decentralized exchange (DEX) by DeFi infrastructure provider AllianceBlock. This article explores the key features and potential impact of Nexera DEX on the Ethereum network. Nexera DEX sets itself apart with its innovative design and
Zynga, the renowned mobile game developer and publishing label under the banner of Take-Two Interactive Software, recently unveiled its pioneering venture into Web3 gaming by introducing “Sugartown.” This move signifies Zynga’s embrace of blockchain technology and its potential to reshape the gaming industry. With its track record of creating massively popular games such as Farmville,
The Securities and Exchange Commission’s (SEC) pending decision on Grayscale Investments is stirring significant anticipation within the cryptocurrency community. The implications of this decision could extend far beyond Grayscale itself, potentially shaping the approval of Bitcoin exchange-traded products (ETPs) in the future. Bloomberg’s Senior ETF Analyst Eric Balchunas suggests that the verdict may be disclosed
In the ever-volatile world of cryptocurrencies, Bitcoin’s recent low volatility has caught the attention of experts and analysts alike. Founder of Capriole, Charles Edwards, presents a compelling analysis that draws parallels between the current state of Bitcoin and its behavior back in 2016. With Bitcoin’s price hovering around $29,000, traders and investors are eagerly watching
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has unveiled a revised regulatory framework to ensure stability for single-currency stablecoins (SCS) in the city-state. The framework, announced on August 15th, focuses on non-bank issued stablecoins that are pegged to the Singapore dollar or G10 currencies like the euro, British pound, and United States dollar.
The recent brute force hack on RocketSwap Labs has sent shockwaves throughout the crypto community. With a staggering $865,000 or 471 Ether (ETH) stolen from the protocol, the project is now faced with the daunting task of picking up the pieces and bouncing back stronger than ever. The team behind RocketSwap Labs has wasted no
Coca-Cola has recently made headlines with the release of its Masterpiece NFT collection on the Coinbase layer-2 network, Base. This move comes as part of Coinbase’s “Onchain Summer” initiative, which aims to showcase the efficiency and cost-effectiveness of the Layer 2 chain. The initiative, launched on August 9, features a range of on-chain art, gaming,
Chainlink, the decentralized oracle network, has further expanded its integrations by partnering with Base, a Coinbase-incubated layer-2 network. With this recent collaboration, Chainlink now supports a total of 12 integration partners, including Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon. The integration will provide developers building on the layer-2 blockchain with access to Chainlink Data Feeds
Artificial intelligence (AI) has proven to be a disruptive force across various industries, and the crypto market is no exception. Enter yPredict, an innovative AI crypto signals platform that has recently secured an impressive $3.4 million in funds from global investors. With its cutting-edge suite of AI analytics tools, yPredict aims to revolutionize the world
Coinbase, one of the world’s leading cryptocurrency exchanges, has made an official entry into the Canadian market. In an announcement on August 14th, the exchange revealed its strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This partnership marks a significant milestone as it introduces Interac payment rails, enabling seamless Canadian Dollar
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding
Bitcoin mining has experienced significant growth in recent times, with the blockchain network achieving a new all-time high in hash rate during the second quarter of 2023. As a result, Riot Blockchain, one of the leading publicly traded Bitcoin mining companies in the United States, has observed a surge in its operations in the same
In a bid to secure a portion of the expanding cryptocurrency market, PayPal has recently unveiled its stablecoin, PYUSD. This new digital currency aims to enable swift fund transfers for various purposes, including remittances. Furthermore, PayPal has expressed its intention to support Web3 environments and eventually make PYUSD accessible on Venmo. This move towards Web3
The Securities and Exchange Commission (SEC), under the leadership of Chairman Gary Gensler, faces significant regulatory concerns regarding the approval of a Bitcoin spot ETF. Former SEC attorney John Reed Stark suggests that the issue of crypto regulation has become a partisan divide within the SEC, marking a significant shift from the initial bipartisan consensus
The recent filing of an amicus brief by a group of law professors and scholars has dealt a significant blow to the U.S. Securities and Exchange Commission’s (SEC) case against Coinbase. This legal document, which provides additional information and perspective to the court, has been described by crypto lawyer James Murphy as “devastating” for the
The US Commodity Futures Trading Commission (CFTC) recently made a significant announcement regarding a fraudulent project involving precious metals and digital assets. This fraudulent operation, run by four individuals and their unincorporated entity called Fundsz, managed to attract over 14,000 customers at its peak. However, the CFTC alleges that Fundsz never actually engaged in any