Crypto news

BTC tumbled to the $49,000 mark over the last weekend as its price was severely affected by Japan’s Nikkei taking a bloodbath. US stocks also took a massive beating in the process. BTC has since recovered to some degree, trading over $56,000 at the beginning of the week and eventually reclaiming the $60,000 mark. Through this undesirable scenario, Bitcoin whales, or wallets holding over 1,000 BTC, pushed through without selling. In fact, wallets holding between 1,000 and 10,000 BTC remained...

Popular gaming-related blockchain Ronin, the home to massive titles like Axie Infinity, was exploited on Tuesday, August 6. Onlookers assumed that a hacker made away with 3,996 ETH worth $9.8 million locked in the blockchain. Blockchain security company PeckShield took to X to provide some good news about the exploit. It stated that the exploit may have been executed by a white hat hacker. Its post read, “#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M).” White hat...

Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his campaign, promising to make the US a global crypto leader. Building on his father’s recent pivot toward crypto, Donald Trump Jr. is developing a new decentralized finance (DeFi) platform to address banking access inequality. Trump Jr Targets the Debanked On August 8, in a Q&A session hosted on Locals, Trump Jr., the eldest son of presidential candidate and former President...

Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118 billion in assets backing USDT. Tether’s Workforce Expansion With a relatively small team, Tether...

This week saw one of the most dramatic crashes in the cryptocurrency market—one that we hadn’t seen since the collapse of FTX in November 2022. What is even more interesting was the epic recovery of the majority of coins in the following days. Ultimately, the market ended up losing some $70 billion of its total capitalization, but it could have been much, much worse. Starting with Bitcoin, in the early days of this week, its price nosedived below $50K, losing more than 20% in...

[PRESS RELEASE – Singapore, Asia, August 9th, 2024] Elacity is partnering with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. This collaboration aims to simplify access and exchange of content within the music industry. By integrating Particle Network’s Wallet Abstraction stack with Elacity’s platform, users will enjoy a simple onboarding experience....

GERBI.io is redefining the landscape of decentralized exchange (DEX) trading with its groundbreaking automated trading platform, built on the Solana blockchain. For cryptocurrency enthusiasts and investors looking for a secure and profitable trading experience, GERBI.io offers a robust solution that combines advanced trading technology with unparalleled flexibility and guaranteed returns. Why GERBI.io Stands Out In the rapidly evolving world of cryptocurrency trading, the need for...

TL;DR An investor spent $916,000 on a Trump-related meme coin (RTR) driven by FOMO, only to lose almost everything when the coin’s value crashed shortly after. While some traders incur losses due to FOMO, others who enter the market at the right time can make substantial gains. However, the meme coin market remains highly dangerous and investors should be extra cautious when diving in. The FOMO Effect Meme coins have been among the highlights in the crypto space in the past...

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TL;DR The layer-2 solution, Shibarium, is launching a hard fork on August 9, launching a burn mechanism. Shibarium continues to advance with upgrades aimed at improving transaction speed, scalability, and lowering costs, fostering the development of the Shiba Inu ecosystem. The Upcoming Development Shibarium – Shiba Inu’s layer-2 scaling solution – continues to make the headlines due to its rapid progress in terms of processed transactions or overall advancements. Most...