Cryptocurrency
Bitcoin Forms Ominous ‘Megaphone’ Pattern
Bitcoin (BTC) is currently developing an inverted expanding triangle, also known as a megaphone pattern, according to crypto analyst Peter Brandt. This pattern, characterized by increasing volatility, often precedes major...
Ethereum’s Post-Merge Blues: 44% Behind Bitcoin, More Pain Ahead?
Ethereum (ETH) has underperformed since its shift to the proof-of-stake (PoS) consensus model two years ago. According to The Block, citing a report from CryptoQuant, Ethereum’s performance has been 44%...
Polygon & Solana Face Key Support Levels: Will They Hold or Fold?
The crypto market has displayed signs of tension with major technical indicators for both Polygon (MATIC) and Solana (SOL) key moments for these digital assets. Crypto analyst Ali Martinez recently...
Coinbase CFO: Future Forward PAC Accepting Crypto for Harris
Coinbase CFO Alesia Haas revealed at a Citigroup event that Kamala Harris will accept cryptocurrency donations through Coinbase Commerce. However, these donations are directed to the Future Forward USA PAC,...
Robinhood Crypto Settles with California for $3.9M Over Withdrawal Issues
Robinhood Markets’ crypto arm settled with the State of California for $3.9 million, resolving allegations that the platform halted crypto withdrawals for almost four years. This marks the California Department...
CFTC Cracks Down on DeFi: Uniswap Fined for Leveraged Token Trading
Read also: Coinbase Pushes Back on CFTC’s Prediction Market Ban The Commodity Futures Trading Commission (CFTC) has settled charges with Uniswap Labs, the company behind the decentralized exchange Uniswap, regarding...
Bank of Canada Cuts Rate to 4.25%, Easing Inflation Worries
Read also: Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada The Bank of Canada (BoC) lowered its key policy rate by 25 basis points to 4.25% on...
Telegram Founder’s Arrest Raises Alarm at United Nations
The United Nations has expressed serious concerns over the arrest of Telegram founder Pavel Durov, labeling it a case that “raises a lot of human rights concerns.” Durov was detained...
Bitcoin Dips Below $57K, ‘Bear Market’ Chatter Spikes on Social Media
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a significant decline in the past 24 hours, dropping 4.09% to $56,586 from a recent high of $61,000. This sharp downturn has reignited...
Justin Sun Announces Major SUN Token Burn Progress
Justin Sun announced on X that the ongoing SUN token burn has hit a significant milestone. The total burn amount now totals $8 million, with an additional $4 million yet...
FBI Warns of North Korean Hackers Targeting Crypto Firms
The US Federal Bureau of Investigation (FBI) has issued a warning about North Korean hackers’ latest attempts to steal crypto from crypto exchanges, DeFi, and ETF issuers. The agency says...
FTX Repayment Plan in SEC Crosshairs, Stablecoin Use Questioned
The SEC is taking a closer look at payments made to creditors of the collapsed FTX exchange. This comes as Adam Cochran voiced concerns about SEC oversight failures on social...
Bitcoin as Corporate Treasury Asset: A Growing Trend in 2024
Publicly-listed companies are increasingly adding Bitcoin to their treasuries, with giants like MicroStrategy and Tesla leading the charge as a hedge against economic uncertainty. Over the years, cryptocurrencies like Bitcoin...
Interest Rate Cut vs. Inflation: The Fed’s Dilemma and Crypto’s Future
The U.S. Federal Open Market Committee (FOMC) is set to meet on September 17-18, and analysts are anticipating an interest rate cut. The CME FedWatch tool currently predicts a 31%...
SunPump Meme Implements 100% On-Chain Buyback and Burn Process
SunPump, the first meme coin platform on the Tron network, is shifting to a fully on-chain buyback and burn process for its SUN token starting September 3rd. This move aims...
Animoca Brands Backs UXLINK, Fueling Web3 Social Growth
UXLINK, the leading social infrastructure platform, has secured a strategic investment from Hong Kong-based gaming and VC firm, Animoca Brands. This key collaboration marks a pivotal step forward in expanding...
Outrage as Ailing Binance Exec Denied Wheelchair, Forced to Limp in Court
A distressing video has surfaced showing Binance executive Tigran Gambaryan, detained in Nigeria since February, struggling to enter an Abuja courtroom for his money laundering trial. The footage shows Gambaryan...
Bitcoin Mining Power Soars, Network Security Strengthened
Bitcoin’s hash rate recently reached a new all-time high, underscoring the increasing security and activity within the network. This milestone comes as Bitcoin’s price experiences fluctuations, highlighting the complex relationship...
WazirX Hacker Cashes Out: $6.5M ETH Moved to Tornado Cash
The WazirX Exploiter, infamous for its massive cryptocurrency thefts, has recently moved 2,600 ETH, worth $6.54 million, to Tornado Cash, a privacy-focused Ethereum mixer. This move happened 11 hours ago,...
Japan’s Crypto Tax Shakeup: Flat 20% Rate Could Be Coming
The Japanese government is drawing up plans to reduce the maximum tax rate on crypto transactions; lower it from 55% to a flat 20%. This change aims to address investor...
Key Economic Events in September to Shape Crypto Markets
Cryptocurrency investors are gearing up for a pivotal September, with several major U.S. macroeconomic events on the horizon that could reshape their portfolios. The Federal Reserve’s interest rate decisions are...
Cardano’s Community: United in Vision, Bullish on Future
A segment of the crypto Twitter community is voicing concerns about Cardano’s (ADA) future, even as anticipation builds for its upcoming hard fork. A few argue that the community’s high...
Altcoins Face Downside Risk as Fed Rate Cut Looms: Analyst
Following Federal Reserve Chairman Jerome Powell’s recent comments about potential rate cuts at Jackson Hole, markets have reacted differently than anticipated. Prominent voices in the financial world, including former BitMEX...
Ethereum’s Block Production Centralized: 3 Builders Control 90%
Blockchain reporter Martin Hiesboeck recently shared a study that raised concerns about Ethereum’s decentralization. The report investigates the reasons behind this trend and examines the security implications for MEV-Boost auctions....
El Salvador Buys More Bitcoin, Adoption Still a Hurdle
El Salvador remains committed to Bitcoin, as evidenced by its growing holdings throughout August 2024. Despite facing hurdles in achieving widespread crypto adoption, the country continues to buy the dip,...
