Crypto news

Hong Kong-based BTC ETFs peaked past $250 million in AUM, marking a tremendous achievement for the crypto industry in the jurisdiction. The amounts managed by BTC ETFs in the US eclipse those in Hong Kong. With crypto ETFs becoming an important narrative of the industry, those offered in the US make the news on a near-daily basis due to their popularity. Nevertheless, Hong Kong-based BTC ETFs are now breaking the news as they surpass $270 million in assets under management (AUM). While the...

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The number of celebrities and well-known public figures supporting Pavel Durov after his controversial arrest in France earlier this weekend has skyrocketed. Some of those include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s Arrest CryptoPotato reported earlier today Durov’s arrest in France on Saturday evening, which, according to local media, was because the popular messaging app he runs failed to moderate the content. He faces up to 20 years...

The advancement of AI-based solutions in 2024 is undeniable, and we decided to poke OpenAI’s ChatGPT on a topic that’s quite interesting for many cryptocurrency enthusiasts. Ripple and Cardano both have devoted communities, and it’s interesting to see what an impartial AI chatbot considers when determining which crypto will perform better throughout the rest of the year. So, we asked it: Source: ChatGPTChatGPT returned four reasonably interesting arguments, but before we take...

After tapping $65,000 yesterday, bitcoin’s price actions calmed, and the asset remained relatively still at around $64,000. The altcoins are also quite sluggish on a daily scale, aside from TON, which was impacted by the news surrounding Pavel Durov, Telegram’s CEO. BTC Calms at $64K The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday....

TL;DR Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance. The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process. Happy Birthday, Shibarium Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering...

Pavel Durov, the founder and CEO of Telegram, was reportedly arrested in France on Saturday evening after getting out of his private jet. Local media said the reason for his apprehension was related to offenses committed by the popular messaging app. Citing unnamed sources, TF1info broke the news on Saturday evening, claiming that Durov was arrested at Le Bourget Airport, located northeast of Paris. Although he has French and UAE passports, the Russian embassy said it had...

The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to address the well-supported allegations in the complaint and ignores relevant legal standards. Heart had previously argued in his dismissal motion...

German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. The operation, led by the Federal Financial Supervisory Authority (BaFin), is part of a broader effort to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. Germany’s Raid on Crypto ATMs On August 20, German administrators executed a nationwide sting operation, targeting 35 locations where crypto ATMs were allegedly...

Fireblocks, a leading digital asset infrastructure provider, has announced its support for Yellow Card, a prominent stablecoin on/off ramp in Africa. This collaboration aims to streamline cross-border crypto transactions across the continent. Announced on X, the company revealed its ambitious goal of expanding to 14 million wallets through its Wallet-as-a-Service. Fireblocks will enable Yellow Card to benefit from its enhanced digital asset architecture for stablecoin transactions in Africa....