Crypto news

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This Year’s Theme: “On the Move” Throughout history, people have left their homes for a variety of reasons and have found themselves in faraway places. This has led to encounters with foreign lands, their inhabitants, their customs, their flora and fauna. Cultural heritage collections are full of artifacts resulting from and bearing witness to those people “on the move”: archival records, travel reports, audiovisual documents, object collections, oral histories etc. These...

Ethereum has seen the greatest advantage from the recent market downturn as investors appeared to have viewed the price weakness as a buying opportunity. In fact, data suggests that Ethereum has managed to attract $155 million in inflows over the past week. According to CoinShares, the latest round of inflows boosted its year-to-date total inflows to $862 million, the highest since 2021, primarily fueled by the recent introduction of US spot-based ETFs. Inflows Rebound...

Cryptocurrency custody platform BitGo recently announced plans to transfer its Wrapped Bitcoin (WBTC) business to a joint venture with Hong Kong-based BiT Global. The move, intended to enhance security through a multi-jurisdictional and multi-institutional custody structure, has caused backlash due to the involvement of controversial crypto figure Justin Sun. Backlash Over Justin Sun’s Involvement In an August 10 post on X, BitGo CEO Mike Belshe confirmed Justin Sun’s...

Tornado Cash founders face serious legal challenges and regulatory scrutiny. OKX has issued strict instructions to users regarding interacting with Tornado Cash due to regulatory risks. Tornado Cash, a decentralized cryptocurrency mixer known for maintaining asset tracks, is facing increased regulatory scrutiny. U.S. Treasury penalties and legal actions against its inventors have brought attention to the technology, which is frequently used to conceal illegal operations. As the legal battle...

In the rapidly evolving world of cryptocurrency marketing, dealing with non-paying clients can be a significant challenge. These clients can jeopardize your business’s financial health and morale. A seasoned crypto marketer, shares invaluable tips on how to manage and mitigate the risks associated with non-paying clients. 1. Establish Clear Contracts Establishing clear contract upfront is important and having a detailed contract in place before starting any project. “A well-drafted...

Cybersecurity researchers have uncovered a malicious package on the Python Package Index (PyPI) that was disguised as a legitimate Solana blockchain library. Instead of performing its claimed function, the package was designed to steal private keys from users’ cryptocurrency wallets. The actual Solana Python API project on GitHub is called “solana-py”, but it is named “solana” on PyPI. A threat actor took advantage of this small difference and uploaded a malicious package called ‘solana-py’...

[PRESS RELEASE – Vilnius, Lithuania, August 8th, 2024] WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners. The global cryptocurrency mining market is set for growth, with its market size expected to reach approximately $2.45 billion in 2024 and a projected...

[PRESS RELEASE – New York City, New York, August 12th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes. While PlayFi’s main Node Sale will take place later in 2024, the recent traction of the testnet – which saw over 70,000 transactions take place in a single week – has accelerated the need for node activation. PlayFi is the first AI and data platform to...

A CryptoQuant analyst says Ether (ETH) could experience a rally soon, as shown by metrics in the cryptocurrency’s futures market. According to a post by the analyst, Shayan, ETH has just witnessed a significant liquidation event, and historically, such occurrences are often followed by price rallies as markets stabilize and spot buying pressure dominates. ETH Could Rebound Soon Earlier this month, ETH price took a downward trajectory, causing the crypto asset to lose almost...