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Abracadabra Money in Crisis as $6.5 Million Crypto Theft Sends Shockwaves Across DeFi Community
30.1.2024
Source: iStock / Xijian Popular Ethereum-based decentralized finance (DeFi) lending protocol Abracadabra Money fell victim to a platform attack on January 30. Announcing the incident on its official X (formerly Twitter) handle, the DeFi protocol stated that it is aware of an exploit on its platform...
Coinbase to Impose Fees on USDC to USD Conversions Exceeding $75 Million
30.1.2024
On January 30 Crypto exchange Coinbase announced a new fee structure affecting large-scale conversions from USDC to USD. The changes, set to impact institutional clients handling significant transaction volumes, mark a shift in the exchange’s fee policy. In an announcement published on...
Dogecoin Price Prediction as Daily Trading Volume Surges Past $400 Million – $1 DOGE Possible?
30.1.2024
Dogecoin (DOGE) price predictions remain uninspiring, despite an uptick in trading volumes to above $400 million in the past 24 hours. The Dogecoin price was last changing hands just above $0.08, with the 21DMA at $0.0809 acting as a magnet. As per CoinGecko, 24-hour trading volumes for the world’s...
Portal Raises $34 Million to Develop Decentralized Bitcoin Cross-Chain Swaps
30.1.2024
Fintech provider Portal has raised $34 million in seed funding to develop its Bitcoin-based decentralized exchange (DEX) which will aid cross-chain swaps between multiple networks. In a Jan 30 announcement, the company disclosed an exit from stealth mode and an inflow of $34 million to build...
UAE Central Bank Completes First Cross-Border Digital Dirham Transfer Using mBridge CBDC Platform
30.1.2024
The Central Bank of the United Arab Emirates (UAE) achieved a significant milestone by conducting its inaugural cross-border digital dirham transfer using the mBridge central bank digital currency (CBDC) platform on January 29. The transaction involved the transfer of 50 million digital dirhams...
Solana Meme Coin ‘EMMY’ Blasts Up 500x in 24 Hours and This Other Token Just Hit $3.7 Million
30.1.2024
EMMY has posted a 500x surge over the past couple of days, with the new Solana meme coin rising as high as $0.00020 after listing on the Raydium decentralized exchange. This performance arguably put in the same league as other Solana-based meme tokens, such as BONK and WEN, which have garnered...
GBTC Holdings Dip Below 500K BTC as Rivals Ramp up Accumulation
30.1.2024
The latest data from Grayscale’s GBTC reveals that the trust’s bitcoin holdings have diminished to below 500,000, following a departure of 6,138.79 bitcoin from its reserves in the past day. Conversely, Blackrock’s IBIT has bolstered its bitcoin assets by 4,603.24 bitcoin...
Is Mantle Going to Crash? MNT Price Falls 5% as New Mining System Receives $9.8 Million in Funding
30.1.2024
Mantle has gained by a modest 0.4% today, with the MNT price rising to $0.6034 in the past 24 hours, as the wider market increases by 2.5%. MNT is now flat in the past week and down by 17% in the last 14 days, with the layer-two token also having fallen by 8% in a […]
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Monthly NFT Sales on Bitcoin Fall 62% + More NFT News
30.1.2024
There has been a lot of greenery on the non-fungible token (NFT) charts over the past 24 hours. The total sales volume is up 12.5% to $34,820,790, per CryptoSlam. Buyers, sellers, and transactions are all up 3%-8%. The top collection by sales volume today is LockDealNFT, with $2.7 million. It’s...
Defendant Pleads Guilty to Drug Related Charges, Forfeits $150 Million Worth of Cryptocurrency
30.1.2024
An Indian national has pleaded guilty to conspiracy and narcotics-linked charges issued by a United States District Court. The guilty plea resulted in a forfeiture of $150 million worth of cryptocurrency. In a recent press release, the United States Attorney General’s Office in the Southern...
dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal
30.1.2024
The dYdX tokenholders are voting on the $30 million fundraising request proposed by the dYdX Foundation, which is likely to get approved. The Foundation published a blog on Jan. 25 detailing its fundraising proposal. This proposal, if approved, will grant the Foundation $30 million in DYDX tokens...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Binance Labs Claims to Be ‘Unaware’ of Leading $15M SkyArk Chronicles Fundraise
29.1.2024
Image Source: Shutterstock Binance Labs has refuted claims of its involvement in the latest investment round of SkyArk Chronicles’ gaming platform. The venture capital arm of the Binance crypto exchange issued a statement on Monday, clarifying that it did not partake in SkyArk...
Nintendo Reportedly Looking To Manufacture 10 Million Switch 2s In The Next Fiscal Year
29.1.2024
When a new console comes out, it’s often a hellish endeavor trying to get one in the first year. So, with the Switch 2 rumored to drop later this year, prospective buyers will be happy to know that Nintendo is reportedly looking to ensure that if you want a Switch successor, you can get one. Most...
US Government to sell $130 million of Silk Road Bitcoin – Best cryptos to buy on dip for smart traders
29.1.2024
The news that shocked the crypto world is the recent announcement by the US Government that it will sell $130 million of Silk Road Bitcoin. Speculations began among crypto investors about how this event could affect the value of Bitcoin ($BTC) and other cryptocurrencies. The fact is that the Silk...
Chinese Company Issues First $350 Million Tech Innovation Bond Raised in Digital Yuan
29.1.2024
A Chinese infrastructure company has successfully raised $350 million in digital yuan for its new technology innovation bond. According to Shanghai Securities News, the Shandong Hi-Speed Group issued the “Shandong Hi-Speed Group Co., Ltd. 2024 Public Offering to Institutional Investors...
South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit
29.1.2024
Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million. In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised. The attack targeted...
Bitcoin (BTC) Rival Launches Viral Cartoon Video As Token Presale Nears Half-A-Million Dollars
29.1.2024
Bitcoin had a stellar 2023 but this year, 2024, has started off rocky. The store-of-value token’s price has tumbled from January’s high of $48,000 to $41,000 in 3 weeks. As investors look for options to stop the bleeding of profits, many are eyeing the new rival, Mollars token. The alternative...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...
Coinbase Nears Historic 1 Million Bitcoin Milestone Amid Rise in Reserves and ETF Activity
28.1.2024
Recent data reveals Coinbase Global is on the brink of holding 1 million bitcoins, requiring just an additional 5,019 bitcoins to cross this significant milestone. In the preceding fortnight, Coinbase has witnessed its bitcoin reserves grow by 16,404 bitcoins, inching closer to this noteworthy...