Crypto news

At one of Berkshire’s world-famous annual shareholder meetings in Omaha during the late 1990s, Munger said, “The first $100,000 is a b——, but you gotta do it.” “I don’t care what you have to do. If it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000,” he noted. So far, in the Bitcoin economy, there are over 450,000 BTC addresses that hold Bitcoin worth $100,000 or more at current crypto exchange...

[PRESS RELEASE – Delaware, United States, August 10th, 2024] TokenGlade, an innovative platform transforming digital token management on the Stellar blockchain, is thrilled to announce the official launch of its presale. Starting today, investors have an exclusive opportunity to purchase $TKG tokens at a special presale price, paving the way for a new chapter in digital finance. Key Highlights of the TokenGlade Presale: Presale Period: August 10, 2024 – August 30, 2024 Token...

[PRESS RELEASE – Dubai, United Arab Emirates, August 10th, 2024] Decentrawood, a leading name in the metaverse and blockchain space, announced the listing of DEOD, on the globally top crypto exchange MEXC. It is scheduled to take place on August 12th, 2024, at 10 AM UTC. DEOD’s listing on MEXC marks a pivotal moment for the Decentrawood ecosystem, opening new doors for liquidity, trading opportunities, and global exposure. MEXC, known for its extensive user base and high...

Two years after filing for bankruptcy, Celsius is trying to recover some funds by suing Tether for an alleged wrong liquidation of more than $800 million worth of BTC (at prices in mid-2022). The stablecoin issuer was quick to respond, calling the lawsuit a “baseless shakedown” and promised to fight for a win. Celsius Goes After Tether The lawsuit, filed on August 9 in the US Bankruptcy Court for the Southern District of New York, alleges, among other things, that Tether...

New York Judge Peter Castel of the US District Court ordered the defunct crypto exchange FTX and sister firm, market maker Alameda Research, to reimburse defrauded creditors by $12.7 billion. The suit was brought by the Commodities and Futures Trading Commission (CFTC) on December 21, 2022, and finally concluded on August 8, providing respite to those who lost their funds during the FTX collapse. The court found that “the FTX Entity Defendants commingled assets and freely used assets...

Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily Chart An in-depth look at Ripple’s daily chart shows that after a sharp decline below the 100 and 200-day...

[PRESS RELEASE – Ohio, United States, August 10th, 2024] GramSlamsCrypto (GSLAM), the pioneering crypto project by Tomahawk Foods Inc., is excited to announce its expanded availability across four major cryptocurrency exchanges: UNISWAP, DIGIFINEX, BITMART, and LBANK. This strategic expansion enhances accessibility and trading opportunities for crypto enthusiasts around the globe. About GramSlamsCrypto (GSLAM) GramSlamsCrypto (GSLAM) is uniquely positioned in the marketplace...

Jump Trading’s crypto vertical Jump Crypto unstaked and sold another 11,501 ETH worth $29 million, leaving it with another $63 million to sell. Out of the $63 million, it has already unstaked $48 million of ETH in preparations to sell. The market maker was heavily called out for unstaking and moving its ETH to exchanges over the past weekend as crypto prices dropped tremendously due to macroeconomic factors. Such large amounts sold by those with significant holdings add tremendous selling...

The Montenegro Supreme Court has halted the extradition process of Do Kwon to South Korea. This decision came after the Supreme State Prosecutor’s Office appealed a previous court ruling that approved his extradition. The suspension will stop the proceedings while the Supreme Court reviews the case. The extradition case is complex, and there are many legal loopholes present in the case. Several decisions relate to the extradition of Do Kwon to the United States and South Korea. The...

Nexera, a DeFi protocol, was hacked for $1.5 million on August 7, according to blockchain security firm Cyvers. It revealed the exploit in an X post, “Hey @Nexera_Official, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.” The protocol connects DeFi with traditional finance, enabling the tokenizing of...