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Daily Crypto Update: Market Restores Amid Prevalent Fear
12.9.2024
The second week of September has also been a rollercoaster for the crypto market. The industry has rebounded…
Indian Police Investigate Cryptocurrency Fraud Targeting Ex-Servicemen
12.9.2024
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement...
Analyst Forecasts Gold Prices to Reach $2,950 as American Investors Escape From AI and Stock Market Bubbles
12.9.2024
Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst of the artificial intelligence (AI) bubble. Hamilton explained that gold experienced this price...
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
12.9.2024
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations....
UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
Analysts Anticipate Altcoin Outperformance and Bullish Q4
12.9.2024
Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They...
Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities
11.9.2024
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark...
Young consumers may be getting bored with blockchain loyalty reward programs
11.9.2024
Mini-dApps, microgames, and the burgeoning prediction markets sector appear to be the most popular methods for retaining engagement
Grayscale Launches SUI Trust for Accredited Investors
11.9.2024
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed...
CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
11.9.2024
CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure's facilities there
Payment Processors Paypal and Venmo Now Support ENS Domains
11.9.2024
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on...
UK gov’t introduces bill to clarify crypto’s legal status
11.9.2024
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.”
Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls
11.9.2024
On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin...
Report: India Tops Global Crypto Adoption; Surge in Asia-Pacific
11.9.2024
The cryptocurrency landscape in Central & Southern Asia and Oceania (CSAO) is changing, with each country carving out…
Spot Bitcoin ETFs Receive $117 M Inflow Ahead of Fed’s Crucial Call
11.9.2024
The net inflow to Spot Bitcoin ETFs as of September 10, 2024, Eastern Time is $117 million. The…
Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly $117M
11.9.2024
The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz...
Crypto activity in 2024 surpasses 2021 peak, fueled by Bitcoin ETFs — Chainalysis
11.9.2024
The launch of the Bitcoin ETF in the US triggered an increase in the total value of Bitcoin activity across all regions worldwide, according to Chainalysis
State Regulator Warns of Crypto Fraud After Investor Loses $750K
11.9.2024
The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous...
Crypto Market Bleeds Post Kamala-Trump Presidential Debate
11.9.2024
The debate between former President Donald Trump and incumbent Vice President Kamala Harris finally took place on the…
Quantum Computing’s Potential Threat to Blockchain Security
11.9.2024
Blockchain technology has revolutionized the way we think about security, decentralization, and trustless systems. From cryptocurrency transactions to smart contracts, […]
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