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Bitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX Co-Founder Arthur Hayes

CoinspeakerBitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX Co-Founder Arthur Hayes The Bitcoin price has once again retraced back to $26,000 after some recovery pump earlier this week. On the technical chart, BTC continues to show bearish momentum with its price dropping under the 200-day moving average (DMA). Bitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX...

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Bitcoin Cash Analysis: Recovery Could Be Capped Near $210

Bitcoin cash price started a fresh decline below the $200 zone against the US Dollar. The price is now trading near the $192 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $210 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $210 resistance zone. Bitcoin cash price is struggling below the $210 zone against the US Dollar,...

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Web3 Domain Provider Unstoppable Domains Unveils End-to-End Encrypted Messenger

Popular Web3 domain service provider – Unstoppable Domains – announced the launch of  ‘Unstoppable Messaging.’ The new offering is an end-to-end encrypted Web3 domain messenger that aims to help Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner while retaining privacy. Unstoppable Domains also plans to expand its functionalities and has roped in two messaging platforms for the same. Unstoppable Messaging...

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PEPE Plummets 13% Following Mysterious Changes to Multisig Wallet

The newly popular memecoin Pepe (PEPE) tanked 13% in value on Thursday after the crypto community noticed strange alterations to the multi-signature wallet used for enhancing the token’s adoption. As noted by @Crypto_Noddy on X, the multsig wallet changed its threshold for token transfers from 5 of 8 to just 2 of 8 wallet signatures – far less than what is expected for storing reserves for popular coins. The multisig is meant to reserve a portion of Pepe’s supply to provide...

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DeFi Experts Warn Over Latest Google Ads Crypto Scam

Google appears to be taking money from fraudsters and facilitating crypto scams. These are the findings from DeFiLlama researcher “0xngmi,” who reported that scammers are buying ads for proper crypto websites on Google, but… When users click on them, “they get sent to an ad network to track the click, but that network redirects to a scam site instead!” There’s a new crypto scam on google Scammers will buy an ad for a proper crypto website on google, with the proper URL Then...

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Over $3 Billion Worth of Shiba Inu (SHIB) Tokens Have Been Burned

Shiba Inu, the second-largest meme cryptocurrency, recently cracked a new major milestone, with total tokens burnt surpassing 410 trillion SHIB. Based on Etherscan, the amount of SHIB tokens locked in the SHIB burn address recently reached 410.35 trillion tokens, currently valued at about $3.41 billion. Vitalik Buterin remains the largest SHIB burner of all time, two years after burning about 410.24 trillion SHIB in May 2021. It’s this historical ban that popularized SHIB...

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FTX Ropes in Mike Novogratz, Galaxy Digital to Manage it Crypto Holdings

FTX intends to initiate the sale, staking, and hedging of its crypto assets. For this purpose, the bankrupt crypto exchange is seeking to rope in Mike Novogratz and Galaxy Digital as its investment advisers as part of its ‘Digital Asset Management and Monetization Program.’ Implementing hedging strategies for Bitcoin and Ether will serve as a method to mitigate FTX’s exposure to unfavorable price fluctuations prior to their sale, according to the petition filed on August...

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CZ Responds to Allegations of Binance Dumping Bitcoin to Defend BNB

Binance CEO Changpeng Zhao (CZ) credited a little-known X (formerly Twitter) user on Wednesday for dispelling rumors of internal chaos at Binance, which suggested that the exchange was desperately selling its Bitcoin stash to protect the price of its native token, BNB. The rumors pertained to a vulnerable BNB collateralized DeFi loan on Venus protocol that approached liquidation this week. Is BNB in Trouble? As explained by @zkHopium, the loan in question began with BNB...

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