Crypto

Cardano, the blockchain network founded by Charles Hoskinson, is on the brink of a major upgrade that will revolutionize its governance structure. The Chang hard fork, initially scheduled for August 27, has been delayed to September 1, 2024. This delay, according to Hoskinson, is to allow crypto exchanges like Binance to prepare for the transition

Recently, Maker, a prominent DeFi lending protocol on Ethereum, made significant changes by rebranding itself to “Sky.” This rebranding also involved renaming its stablecoin from DAI to USDS, and its governance token from MKR to SKY. One of the key upgrades introduced was the ability to convert 1 DAI to 1 USDS token and 1

The US Securities and Exchange Commission has stood firm against the attempt of Hex founder Richard Heart to dismiss its $1 billion securities fraud lawsuit. The SEC, in its opposition brief filed in a New York federal court, rebutted Heart’s claims that the regulator lacked jurisdiction due to his foreign residency and absence in the

Bitcoin ETFs have experienced a rollercoaster of activity in recent weeks, with significant fluctuations in both inflows and outflows. The spot Bitcoin ETFs faced a challenging start to the month, shedding over $550 million in just three days as the price of BTC plummeted from over $65,000 to under $50,000. This sharp decline was mirrored

The recent arrest of Pavel Durov in France has sparked a wave of support from various celebrities and well-known public figures. Among those showing their support are Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. These high-profile individuals have come forward to express their solidarity with Durov in the face of his legal

The recent announcement by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium regarding the potential for interest rate cuts has sent shockwaves through the financial markets. Powell explicitly endorsed rate cuts, stating that it was not a matter of if but how deep they would be. This shift in monetary policy has far-reaching

Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer after executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023. This illegal

Shibarium, a layer-2 blockchain solution integrated with the Ethereum network, has undoubtedly made significant strides in the past year. The platform was designed to support the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. However, despite these initial goals, it is crucial to analyze the recent upgrades and

German authorities recently undertook a significant crackdown on illegal cryptocurrency operations in the country. The Federal Financial Supervisory Authority (BaFin) led the operation and seized nearly 250,000 euros and 13 crypto ATMs. The crackdown targeted 35 locations across Germany where crypto ATMs were allegedly operating without proper licensing. This operation was carried out in collaboration

Bitcoin’s price surged to $65,000 after a period of stagnant trading sideways, with a $5,000 daily increase. One of the potential catalysts behind this sudden surge can be attributed to the actions of the US Federal Reserve. The relationship between Bitcoin and the Federal Reserve’s economic policies has been evident in recent years, particularly following

The recent report released by Coinbase highlights the growing influence of young, pro-crypto voters on the upcoming 2024 US presidential elections. With Gen Z and Millennials now representing 40% of the electorate, there is a notable shift towards candidates who advocate for cryptocurrency and financial innovation. This trend is further fueled by the dissatisfaction among

Historical on-chain data has shown that high bitcoin demand typically precedes price increases and rallies. However, the current market dynamics paint a different picture. Recent reports indicate that bitcoin demand has actually slowed down significantly since early April, despite the cryptocurrency hovering around $70,000 at that time. The daily growth of bitcoin has slowed, and

Ripple, known for its innovation in the blockchain and cryptocurrency space, has made headlines once again with its announcement to launch a stablecoin called Ripple USD (RLUSD). This move is seen as an attempt to bridge the gap between the crypto industry and traditional finance, bringing about a new era of financial integration. The stablecoin,

Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of The Open Network (TON) on August 26. This decision is a part of the exchange’s wallet maintenance for TON and is expected to last for approximately two hours. However, trading on the network will remain unaffected during this

Bitcoin’s price has been experiencing fluctuations in the past few days, with bulls currently having the upper hand as they push BTC past the $60K mark towards $61,000. However, weekends bring a different dynamic to the market. Traditionally, weekends see lower trading volume compared to weekdays, leading to increased volatility. With less liquidity available in

The recent transfer of former Binance CEO Changpeng ‘CZ’ Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has sparked confusion among X users. Many mistakenly believed he had been released, when in fact, CZ remains incarcerated. The RRM Long Beach facility, where CZ has been moved to, is categorized

Pi Network, a crypto project established in 2019, offers users the ability to mine and earn digital assets using their mobile devices. The project prides itself on being energy-efficient through its utilization of the Stellar Consensus Protocol (SCP) as a consensus algorithm. This sets it apart from traditional Proof-of-Work (PoW) systems known for their high

Bitcoin, the poster child of cryptocurrency, experienced a tumultuous journey over the past week. After a significant drop, the digital asset surged to a weekly high of nearly $62,000. The market saw a flurry of activity with other major altcoins like TRX and TON also making impressive gains. This price volatility is not uncommon in

Base, a Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network space. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism. This growth indicates that Base is gaining a larger share of off-chain transactions within the

In a recent analysis by technical analyst Willy Woo, he discussed the bearish trend that Bitcoin has been experiencing until the beginning of August. This trend was primarily due to an influx of around 100,000 BTC from the German and US governments selling off their holdings, as well as Mt. Gox distributions. Woo highlighted that

The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decline in daily trading volume, reaching only $779.87 million on Monday. This drop in trading volume marks the third lowest recorded, following the records on February 5th and 6th of $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into

A new malicious browser extension called the “Bull Checker” has been identified as a threat to Solana users on Reddit. This extension poses as a meme coin tracker but in reality, it has been used to drain wallets of unsuspecting users. The “Bull Checker” extension is designed to evade detection systems and operate under the

The current choppy consolidation in bitcoin’s price action has left many market players feeling uneasy. However, certain holders of the world’s largest crypto asset are taking advantage of the uncertainty by increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been actively accumulating more of the cryptocurrency. According to recent

Tokyo’s Metaplanet investment firm made headlines recently after revealing its acquisition of an additional 57.273 BTC. The investment, valued at approximately 500 million yen or $3.4 million, comes at a time when the cryptocurrency market is experiencing a lull. This move by Metaplanet is part of a larger strategy that was announced on August 8,

The meme coin sector has experienced a surge in recent days, leading to a rally that pushed the market cap above $40 billion. This growth can be attributed to the increase in popularity of cat-themed meme coins such as Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). These assets have seen

The recently published 2024 Democratic Party Platform has raised eyebrows in the crypto community for its complete omission of any mention of Bitcoin, crypto, or blockchain technology. This ninety-two-page document focuses on issues such as lowering housing costs, addressing climate change, and ensuring that the wealthy and corporations pay their fair share of taxes. However,

Hut 8 Corp., a prominent Bitcoin miner in North America, recently disclosed its financial results for the second quarter of 2024. Despite experiencing a substantial 72% year-over-year revenue growth to reach $35.2 million, the company reported a significant net loss of $71.9 million. This financial outcome was primarily driven by a $71.8 million loss resulting