Getty Images Key takeaways Bitcoin declined nearly 13% in the last week, though it recovered Monday’s lost value before midnight Ethereum briefly fell below $1,300 Monday before reclaiming some losses...
Tag: crypto market
Bitcoin Tests $20k Liquidity Point for Four Consecutive Days
Contributed by Adaptive Analysis. The crypto market has been experiencing a dramatic fall since mid-August. Bitcoin (BTC) has lost almost $100 billion in market capitalization with Ethereum shedding n...
Solana-based Derivative Platform OptiFi Mistakenly Shuts Down Mainnet, Loses Access to $661k
OptiFi, a derivative decentralized exchange (DEX) built on the Solana network, announced the sudden closure of its mainnet on Tuesday, causing users to lose access to the $661,000 worth of assets lock...
Troubled Crypto Lender Hodlnaut Granted Creditor Protection After Suspending Withdrawals
Beleaguered cryptocurrency lender, Hodlnaut, was placed under interim judicial management (IJM) by the Singapore High Court on August 29, a few weeks after the company halted its services due to the r...
What? CryptoCom Mistakenly Sent $10M to Woman Instead of $100
Leading cryptocurrency exchange, CryptoCom has made a huge mistake by transferring $10.5 million to a customer while trying to refund $100. The company only realized its mistake seven months after the...
Singapore Investment Firm Temasek to Lead $100M Funding for Animoca Brands
Singapore-based investment firm Temasek Holdings is set to lead a $100 million funding round for the famous Hong Kong-based play-to-earn gaming platform Animoca Brands, Bloomberg reported Tuesday. Te...
Why Financial Independence Starts with Bringing Communities Together
The financial challenges of developing countries are far from those of western countries. Basic financial inclusion is still a big challenge. The ability to send and receive money without hefty paperw...
How to Buy Bitcoin Near Me – A Guide from the Experts
Buying Bitcoin (BTC) is the current gold rush by many crypto investors. Bitcoin has the highest value against the US dollar and also the highest market cap. Although it has had a dip because of the CO...
Singapore’s Central Bank Labels Crypto Trading “Highly Hazardous”
The Monetary Authority of Singapore (MAS) regards crypto trading as “highly hazardous” for retail investors in the country, according to a statement from the central bank’s managing director, Ravi Men...
HODL Hard! Bitcoin Address Records $96M Profit After Nine Years
An old Bitcoin wallet address that has held 5000 BTC for about nine years recently transferred its entire balance to another address, seeing $96 million in profit, despite the broader market decline. ...
Solana (Testnet) Reports 13,000 TPS on Latest Stress Test
Layer-1 blockchain project Solana could process around 13,000 transactions per second (TPS) in future releases. According to an image tweeted by Solana Labs co-founder Anatoly Yakovenko over the weeke...
Median U.S. Home Expected to Drop to 4 BTC by End of 2024
Contributed by Adaptive Analysis. Real estate has always been a desired asset worldwide. While other asset classes like stocks, bonds, commodities, precious metals, and crypto are attractive to specif...
Animoca Brands Japan Secures $45 Million to Promote Web 3 Technology
Animoca Brands Japan, the Japanese division of Animoca Brands, a Hong Kong-based company driving digital property rights through non-fungible tokens (NFTs), has received $45 million in funding to grow...
Cboe Global Markets Unveils Equity Partners for Its New Digital Asset Business
Leading global market infrastructure provider Cboe Global Markets has on Thursday announced its first group of potential equity partners to buy stakes in its newly acquired business ErisX, to be renam...
Blockchain Firm ThirdWeb Raises $24M From Haun Ventures, Coinbase, and Others
San Francisco-based blockchain company, ThirdWeb, has raised $24 million from leading industry investors such as Haun Ventures and Coinbase. The Series A funding brings the firm’s valuation to $160 mi...
Siam Bank Terminates Stake Acquisition Deal With Crypto Exchange Bitkub
Thailand’s oldest bank, Siam Commercial Bank (SCBX), will no longer follow through with its plans to acquire a 51% stake (over $500 million) in local crypto exchange Bitkub. Coinfomania reported last ...
Polygon Says Ethereum Merge Is “Good News” Amid Community Fear
With the highly-anticipated Ethereum Merge fast approaching, the team behind layer 2 scaling solution Polygon has asserted that Ethereum’s upcoming transition to a Proof-of-Stake (PoS) consensus mecha...
Tether Says It Will Not Freeze USDT in Sanctioned Tornado Cash Addresses
Stablecoin issuer Tether has revealed that it will not freeze USDT tokens in U.S.-sanctioned Tornado Cash addresses. The Hong Kong-based company noted that the USDT would only be frozen if the appropr...
Crypto ATM Operator Bitcoin Depot to Go Public via $885M SPAC Deal
United States-based Bitcoin ATM operator Bitcoin Depot has disclosed its plans to go public by merging with a Special Purpose Acquisition Company (SPAC) in a deal that values the firm at around $885 ...
Sullivan Bank Partners With Bakkt to Deliver Crypto Services
American-based financial services company Sullivan Banks has entered the world of cryptocurrencies through a partnership with Bakkt Holdings, Inc, to leverage the exchange’s Crypto Connect, designed t...
Cybercriminals Stole NFTs Worth Over $100M, With 52% Processed Through Tornado Cash
According to a recent study from the blockchain security and analytics firm Elliptic, cybercriminals stole more than $100 million worth of non-fungible tokens (NFTs) between July 2021 and July 2022. ...
U.S. DOJ Arrests Three Miami Men Over $4 Million Crypto Scam
The United States Department of Justice (DOJ) has arrested three Miami men who were allegedly involved in a scheme to steal millions of dollars in cryptocurrencies from an undisclosed crypto exchange ...
What Are Play-to-Earn Games (P2E)?
The gaming industry is experiencing rapid growth, drawing more and more revenues every year. Between software, hardware, and intellectual property, the industry quickly gained an edge on TV, film, and...
MakerDAO Collaborates With U.S.-Based Bank, Lends Out 100M DAI
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. The ...
What Bear Market? Pudgy Penguins NFT Sells for 400 ETH
Someone recently sold Pudgy Penguin #6873 NFT for more than half a million dollars. The NFT is one of 8,888 digital artworks in the Pudgy Penguin NFT collection created by freelance artist Cole There...
Nike Hits $185M in NFT Revenue, Tops Dolce & Gabbana
Popular sports brand Nike Inc. has generated $185.3 million in revenue from non-fungible token (NFT) collections. The milestone brings the company to a leading position among other traditional brands ...
Bitcoin Community Raises 52.6 BTC to Protect “Hodlonaut” from Faketoshi Claims
The Bitcoin community has contributed approximately 52.6 BTC worth around $1.1 million and $30,000 cash to support an anonymous Twitter user with the pseudonym hodlonaut in his ongoing case against se...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...