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Bitcoin, Ethereum Technical Analysis: BTC Consolidates, Ahead of Key Week of US Economic Announcements
28.8.2023
Bitcoin hovered below $26,000 on Monday, as traders awaited a big week of economic announcements in the United States. The consumer confidence report will be released on Tuesday, with gross domestic product and nonfarm payrolls coming in the upcoming days. Ethereum was largely unchanged today....
Investors divided: HBAR or XRP – The superior choice?
28.8.2023
Hedera Hashgraph (HBAR) and Ripple (XRP) appear as compelling contenders in the world of cryptocurrencies. Operating on a Directed Acyclic Graph (DAG) structure, HBAR isn’t just aiming to redefine the blockchain landscape; it’s potentially poised for an upward trajectory. With faster...
Authorities order South Korean crypto platforms to maintain reserves
28.8.2023
Crypto exchange platforms in South Korea have been instructed by relevant authorities to maintain reserves with Korean banks. This pertains to the intention of the government to protect those who are venturing out on the path to build a portfolio with digital tokens. Per the instructions, crypto...
PEPE Coin team addresses the recent massive withdrawal
28.8.2023
PEPE most recently saw its token price take a huge dip. The matter came to light after three of its founding members went on a spree to withdraw 60% of the tokens from the network. It remains to be seen if they went rogue or if it was planned as a part of the departure; …
PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit
28.8.2023
Speaking at the B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation of artificial intelligence (AI).
Modi, addressing the summit, which took place from August 25–27 in New Delhi...
B20 Summit 2023: PM Modi asks for global crypto framework
28.8.2023
The Indian Prime Minister, Narendra Modi, addressed the crypto talk at the B20 summit recently. The PM talked to business leaders, asking for new ideas surrounding AI and crypto. Moreover, PM Modi stated that an integrated approach is needed to address issues related to crypto. Organized by...
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
28.8.2023
India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation
Dogecoin is more than just a meme coin in a dynamic landscape
28.8.2023
Dogecoin is a prominent and popular cryptocurrency. Due to its distinctive mascot, the Shiba Inu, and a name that was inspired by a meme, it was created as a joke. Since then, however, it has become a legitimate currency that many people use in lieu of conventional banking services. Due to...
Why Is Hedera Price So Volatile? Understanding the Swings
28.8.2023
The intriguing realm of cryptocurrencies has produced Bitcoin, Ethereum, Dogecoin, etc., including Hedera Hashgraph (Hedera). Hedera has taken the market by storm in recent years and sparked the interest of maximum investors to invest in it. However, as with all cryptocurrencies, price fluctuations...
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
28.8.2023
In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first...
NFT Sales Dip 14%, Yet Buyers Increase: Weekly Report Reveals $91 Million Traded
27.8.2023
According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during...
Bitcoin Spark: The cryptocurrency that’s outshining Dogecoin and Solana
27.8.2023
The decentralized technology is quickly gaining traction due to digital networks such as Solana and Dogecoin. The two digital platforms have been vital in attracting venture capital firms and retail investors to invest in the cryptocurrency ecosystem. As a meme coin, Dogecoin made a significant...
PEPE Token Heist: Former Team Members Swipe $15 Million in Tokens, Lead Developer Vows to Rebuild and Decentralize
27.8.2023
Approximately 16 trillion PEPE tokens worth $15 million were illicitly transferred to crypto exchanges and sold, according to an announcement from the meme coin’s anonymous lead developer. The theft was allegedly orchestrated by three former team members who accessed the token’s...
FTX suspends user accounts amid Kroll cyber breach concerns
27.8.2023
FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
Chainlink, Borroe, & Aave: Predicting the upward trends in the crypto market
26.8.2023
Many analysts expect the crypto market to turn bullish in the next few months. Investors are already plotting to capitalize on this bullish project. Three main tokens have come into focus: Chainlink (LINK), Aave (AAVE), and Borroe ($ROE) – are gaining the most attention. Borroe is still...
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
26.8.2023
In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to an unrelated scammer, falling prey to a notorious...
Bitcoin Spark: Solana’s strongest competitor in the crypto arena
26.8.2023
In any ecosystem, there must be competition to maintain steady growth and promote the development of quality offered to the clients. This also applies to the crypto community, and as a result, several improvements have happened over time. For instance, Bitcoin and Ethereum came then Solana, which...
Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
26.8.2023
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July...