Crypto news

A new report suggests that US companies are expected to purchase $10.3 billion worth of Bitcoin over the next 18 months. This shift is part of a growing trend in corporate treasury strategies, with companies looking for better ways to preserve their wealth amid inflation concerns. Some of the criticisms made by River analysts included that conventional corporate treasury management focused on cash and cash-like instruments lose value in the long run. Still, such investments can guarantee a...

VanEck has decided to close and liquidate the VanEck Ethereum Strategy exchange-traded fund (EFUT) after carefully considering several factors, including the fund’s performance, liquidity, and investor interest. The company has given its shareholders until September 16th, 2024, to dispose of their shares before the fund is taken off the exchange. The Board approved the liquidation of Trustees of VanEck ETF Trust on September 5, 2024. The Ethereum Futures ETF (EFUT), which is traded on the...

Binance Kazakhstan has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. This is a significant step towards achieving a fully regulated Digital Asset Trading Facility (DATF) status, the first of its kind in Kazakhstan. This was after a rigorous and step-by-step assessment that involved financial audits, ISO certifications, and internal and external assessments. It should be noted that the AFSA, the regulator of financial and...

Users can win a portion of $1,000 STON and exclusive NFTs by completing tasks. Over the course of three seasons, the initiative aims to promote deeper interaction with Tonkeeper. Tonkeeper, the most prominent non-custodial wallet in the TON ecosystem, has started the Tonkeeper Adventure, a multi-phase community participation initiative. Effective September 5, users may receive special NFTs and a share of the $1,000 STON prize pool by performing app-based tasks. The campaign aims to assist...

The individual behind 2023’s $195 million Euler Finance hack appreciated the Penpie hacker for steadfastly funneling funds via Tornado Cash and showing no indication of returning the proceeds. A hacker whose efforts led to the recent $27 million Penpie protocol attack received a compliment from another hacker in the spotlight last year for exploiting Euler Finance. The Penpie hacker hit the protocol on September 3, making away with their illicit proceeds. They funneled about $7 million of...

Pera’s rename from dWallet Network highlights the company’s focus on zero-trust protocols. New ZTP solutions include multi-chain financing, atomic swaps, and AI restrictions. dWallet Network, a leader in decentralized applications, has announced its rebranding to Pera. This transformation marks a significant shift towards enhancing developer access to Zero Trust Protocols (ZTPs), which provide robust security across various blockchain networks. The rebranding to Pera reflects the platform’s...

An MEV bot conducted 14 transactions in a single block to launch a sandwich attack on an unsuspecting user to only net $20 in profits. A Maximum Extractable Value (MEV) bot found an opportune moment to execute a $12 million flash loan to conduct a sandwich attack on an unsuspecting user. However, the ordeal only netted it a meager $20 in profits after gas fees through the flash loan exploit. The incident offered comic relief to many in the crypto community during a period when high-profile...

María Corina Machado, a leading figure in Venezuela’s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a “lifeline” and a “vital means of resistance” against the country’s economic collapse. Bitcoin as a National Reserve Asset Her proposal seeks to address Venezuela’s inflation and financial instability, which she attributes to...

Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM UTC, before collapsing to $52,871 by 8:55 PM UTC. It trades for $53,500 at writing time. On Thursday, Hayes predicted...

TL;DR Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss. On-chain metrics suggest that the asset’s price may tumble even more in the near future. TON Investors Take a Blow Toncoin (TON) experienced a real bull run at the start of 2024, with its price rising to a new all-time high of almost $8.20 in mid-June. However, the asset lost momentum towards the end of August and currently...