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Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions
6.8.2024
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease...
Immunefi Report Reveals Alarming 112% Rise in Crypto Hacks and Frauds in Q2 2024
6.8.2024
Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the second quarter of 2024, losing $572.7 million. According to a recent report, this is a 112% increase compared to the same period last year. Immunefi noted that the...
Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy
6.8.2024
It was more than two years before Bitcoin's birth when Dr. Herbert Semler, who served as a flight surgeon in the Korean War before leading cardiology at a Portland hospital, co-founded Semler Scientific in 2007.Seventeen years later, the medical device manufacturer has converted much of its cash...
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
6.8.2024
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy...
Bitcoin traders regain optimism as BTC price aims to reclaim $57K
6.8.2024
Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level
Saylor says BTC strategic reserve is ‘Louisiana Purchase’ moment for US
6.8.2024
Michael Saylor previously forecasted that Bitcoin will reach approximately $13 million per coin by 2045
Crypto Market Volatility Fuels $1.2B Inflows at Binance
6.8.2024
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over...
Valour to launch digital asset ETPs in Kenya
6.8.2024
Valour is moving out of Europe to the green pastures of Africa by way of passporting
‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown
6.8.2024
Nassim Nicholas Taleb says gold still stands apart as a store of value
Metaplanet Secures $70M to Expand Bitcoin Portfolio Through Offering
6.8.2024
Metaplanet has revealed that it aims to garner ¥ $10.08 billion, or $70 million, in funding. This will…
US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s Rise
6.8.2024
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely,...
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
6.8.2024
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years
Crypto Gaming Showdown: Why Lovely Legends is Set to Outshine Hamster Kombat
6.8.2024
PRESS RELEASE. The cryptocurrency gaming sector is witnessing an intense rivalry between two notable titles: Hamster Kombat and Lovely Legends. As the competitive landscape evolves, industry experts are increasingly recognising Lovely Legends as the more promising and innovative contender for both...
Bitcoin Bull-Bear Market Cycle signals potential bear market — analyst
6.8.2024
Bitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japan's rate hike and the Federal Reserve's inaction
Wazirx Announces FIR Filing Following Major Cyberattack
6.8.2024
Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part...
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
6.8.2024
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted
Bitcoin’s Fear & Greed Index Drops to 17 Amid Market Slump
6.8.2024
Japanese markets impacted Bitcoin over the weekend and flowed into Monday as Wall Street opened. According to data…
Binance Hit With $87 Million Tax Bill in India
6.8.2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned...
Meme Coin Prices Rebound as Brett, Pepe, Base Dawgz See Big Gains
6.8.2024
Meme coins have made a dramatic comeback in the past 24 hours. After a brutal downturn, these tokens are on the rise again, led by Brett, Pepe, and the upcoming Base Dawgz. Brett Bounces Back from Key Support Level Brett (BRETT) has experienced a remarkable turnaround. This Base chain token...
Bitcoin Crashes Amidst Major Sell-Offs: RCO Finance Shines Bright
6.8.2024
Recent crypto market dynamics have sparked significant interest and concern among Bitcoin investors. Simultaneously, RCO Finance has experienced…