Search
Stablecoin Ecosystem Holds Firm Despite Lackluster Activity
17.9.2023
The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion. Stablecoin Market Shows Resilience...
Elliptic Blockchain Surveillance Firm: North Korean Lazarus Group Theft Spree Reaches $240 Million in 104 Days
16.9.2023
Nefarious North Korean hacking group Lazarus has stolen nearly $240 million in cryptocurrencies in the past 104 days alone.
In a report published by blockchain surveillance firm Elliptic, Lazarus has been identified as the perpetrator behind a series of major cryptocurrency hacks in recent months...
Ethereum’s Liquid Staking Platforms See $1B Influx in 20 Days, Nearing 12M ETH Milestone
15.9.2023
Over 20 days, 640,000 ETH valued at just over $1 billion was added to liquid staking derivatives platforms. Additionally, the amount of ether staked in such protocols is approaching 12 million, with 11.97 million total value locked (TVL) as of September 15, 2023. Ethereum Staking Platforms Race...
Crypto Exchange Coinex Pens an Open Plea for Dialogue With the Hacker
15.9.2023
On September 12, 2023, Coinex was hacked, losing an estimated $54 million after hackers removed significant amounts of BTC, ETH, TRX, and other tokens. Three days later, Coinex released an open letter to the hackers, hoping to “build a sincere and open channel of communication.”...
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...
Brazil: Senate Commission will analyze the AI bill in 120 days
14.9.2023
The bill, aimed at regulating the artificial intelligence in the country, was introduced to the Senate in December 2022
Bitcoin Dips Below $25K in a Tumultuous Crypto Market, While Traditional Equities Soar on Tesla’s Rise
11.9.2023
Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K mark at 2:00 p.m. Eastern Time on Monday afternoon....
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Bitcoin, Ethereum Technical Analysis: ETH Below $1,600 Ahead of Key US Economic Releases
11.9.2023
Ethereum has started the week below $1,600, as markets appeared to be awaiting the release of several key data points from the United States. After a quiet week, the coming days will see the latest inflation, retail sales, and consumer sentiment figures released. Bitcoin remained lower on Monday....
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey
9.9.2023
Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research...
Biggest Movers: CRO Moves From 3-Month Low, XLM Extends Recent Gains
8.9.2023
Cronos rose for a second consecutive session, as the token continued to move away from a recent three-month low. Volatility in the marketplace was high on Friday, after several days of price consolidation. Stellar also surged, moving to a three-day high. Cronos (CRO) Cronos (CRO) continued to move...
Bitcoin, Ethereum Technical Analysis: ETH Stalls Around Key Price Floor, as BTC Bulls Remain Sidelined
7.9.2023
Ethereum continued to trade around a key price floor of $1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session....
Canaan to Launch Avalon 14 Series Bitcoin Miner With Advanced 1X J/TH Efficiency
7.9.2023
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules per terahash (J/TH). Three days after this disclosure, Canaan also announced plans to unveil a novel product but with little details. Canaan has since offered more information...
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
Biggest Movers: DOGE Snaps a 6-Day Winless Run
5.9.2023
After six consecutive days of trading in the red, dogecoin rose higher on Tuesday, after bouncing at a key price floor. The meme coin was a notable gainer in today’s session, despite market sentiment mostly tracking lower. Polygon was also in the green, extending recent gains in the process....
Bitcoin, Ethereum Technical Analysis: BTC Starts Weekend Trading Close to $25,000
2.9.2023
Bitcoin started the weekend trading below the $26,000 level, as bears seized market momentum to end the week. Price surged during the early part of the week, climbing over the $28,000 mark. However in the days that followed, sentiment has mostly trended lower. Ethereum remains in the red. Bitcoin...
Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges
1.9.2023
While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an average of 380.90 EH/s over the past ten days. After...
Is Pepe Coin Going to Zero? PEPE Price Plummets 25% in 7 Days as Meme Coin Experts Shift to This New Coin Before it Lists on Exchanges
1.9.2023
The price of Pepe Coin (PEPE) has declined by 5% in the past 24 hours, dropping to $0.000000818339 as the cryptocurrency market as a whole falls by 3% within the same timeframe.
PEPE is now down by 8.5% in a week and by more than 25% in the past fortnight, with the meme token also having fallen...
Bitcoin heads for red September, but analysts tip October as ‘days to watch’
1.9.2023
While history shows September isn't usually great for Bitcoin, analysts urged investors to look to mid-October