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Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...
Auradine: How a Crypto Startup Secured $81 Million with a Visionary Pitch
15.8.2023
Crypto startup Auradine has managed to secure a staggering $81 million in its debut funding round, even without a product or customers to its name, a recent article from Fortune Crypto has revealed.
This substantial amount, garnered solely from a pitch deck, raises eyebrows, particularly amidst...
Web3 Metaverse & Creator Platform ZTX Raises $13 Million in Blockbuster Fundraising Round
15.8.2023
Web3 metaverse and creator platform ZTX just closed a successful $13 million seed round led by leading crypto investment firm Jump Crypto, according to a press release sent to Cryptonews.com.
ZTX was able to attract investments from big names in the web3 investment space like Collab+Currency...
Increased Interest Rates Drive Maker Protocol's Revenues to 2-Year High of $165 Million
15.8.2023
The annualized revenue generated by the popular decentralized finance (DeFi) protocol Maker has risen to over $165 million, representing a 2-year high.
The strong development in revenue could be seen in data from Makerburn.com, which at the time of writing also showed that revenue had surpassed...
Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos
15.8.2023
Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted...
Optimism Token is Going to Zero as OP Price Falls 15% But XRP20 Just Surged Past $3 Million – How to Buy Early?
15.8.2023
Optimism (OP) is once again entering troubled waters as an attempt at consolidation above the 20DMA seems destined to fail, leading some disillusioned holders questioning whether Optimism Token is going to zero.
The precarious price drop comes following a strong month of recovery for Optimism...
Wall Street Base Token Blasts Up 1,000% and Crypto Whales Say Wall Street Memes is the Next Crypto to Explode – $25 Million Approaching Fast
15.8.2023
As the Wall Street Movement continues to remain a force within crypto markets, Wall Street Base (WSB) has become the latest DEX token to undertake a sensational pump on launch.
With origins in the Occupy Wall Street Movement, anti-bank sentiment has grown into a market force to be reckoned with...
XRP Price Prediction as $800 Million Trading Volume Floods In – Are Whales Buying the Dip?
15.8.2023
The XRP price has remained stuck at $0.626890 this morning, in line with a cryptocurrency market that also hasn't really moved in the past 24 hours.
This puts XRP at a 1% gain in a week and a 12% loss in the last 30 days, with the altcoin having risen by 84% since January 1, largely as a result...
Dormant Since 2010, Bitcoin Address Awakens to Move 1,005 BTC Worth $29.7 Million
14.8.2023
On the morning of Monday, August 14, 2023, at the precise block height of 803,135, a dormant bitcoin address — created on November 9, 2010 — stirred to life. After lying in slumber for an exacting 12.9 years, it awoke to spend a staggering 1,005 bitcoin, a sum swelling to...
A Tumultuous August: Peaks and Valleys in Bitcoin’s Ordinal Inscription Saga
14.8.2023
Statistics reveal a continued trend in the number of Ordinal inscriptions, which recently eclipsed the 23 million mark. The month of August, however, has experienced two notable dips, each registering fewer than 100,000 inscriptions per day. These low points in August occurred specifically...
DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack
14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.
The attack is the latest among the list of protocols affected by the recent vulnerability in...
CVP NoLimit Fund I bags $50 million in funds
14.8.2023
CVP NoLimit Fund I has reportedly bagged a fund worth $50 million from its investors. This is the fund round, with more to follow in the days to come. CVP NoLimit Fund is a joint venture between ClearVue Partners and NoLimit Holdings. Funds raised from the first round will be directed...
Is It Too Late to Buy Shiba Inu? SHIB Price Pumps Up After Developer Teases New 'Exclusive' Update and LPX Token Raises $1.2 Million
14.8.2023
As Shiba Inu's Summer of Shibarium continues to gain traction ahead of the highly-anticipated Q3 Shibarium launch, SHIB is once again on the climb amid excitement around an upcoming new utility for sister-token LEASH holders.
Doge Killer (LEASH) token is an important cousin of SHIB, playing...
Rollbit Coin is Going to Zero as RLB Price Drops 10% While XRP20 Surges Past $2.6 Million – How to Buy Early?
14.8.2023
As the GambleFi narrative continues to send shockwaves through crypto markets, leading crypto gamling platform Rollbit coin (RLB) appears to be facing a breakdown - and amid the tumble many are asking is Rollbit going to zero?
With markets excited about the growth prospects for crypto projects...
20 Million Reddit Collectible Avatars Minted on 0xPolygon Platform – NFTs Making a Comeback?
14.8.2023
Reddit non-fungible tokens (NFTs) minted on layer-2 network Polygon have surpassed 20 million in the face of general quiet on the NFT front.
According to Dune Analytics (on Monday morning, 9:00 UTC), a total of 20,323,749 collectible avatars has been minted since the launch of the project in July...
PEPE Price Prediction as $100 Million Trading Volume Floods In – Are Meme Coins Back?
14.8.2023
The PEPE price has surged by 5% in the past 24 hours, with the meme token's move to $0.00000142 also representing a 23% gain in a week.
This means PEPE has easily outperformed the wider cryptocurrency market, which has barely moved today amid ongoing investor uncertainty (particularly in the face...
Pepe Price Prediction as PEPE Blasts Up 20% with $100 Million Trading Volume – Are Whales Buying?
14.8.2023
Pepe Coin has experienced a notable resurgence, grabbing the attention of many investors. Its consistent upward trend has surged from $0.000001185 to roughly $0.000001356 with a trading volume of $100 million.
This highlights the increasing passion and engagement towards this cryptocurrency....
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
13.8.2023
Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another...
NFT Sales Jump 6.59%: A Week of Growth, Dominance of Ethereum, and Record-Breaking Collections
12.8.2023
In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35% of the total weekly sales, or roughly $60.23...
Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months
12.8.2023
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark...