Crypto news

Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field office,’ is designed to assist inmates nearing their release but does not equate to a full release. InmateAID – which is...

The United States’ most popular independent candidate for President has officially placed his political support behind Donald Trump in the 2024 Presidential election. His endorsement places two of three leading Presidential candidates who are explicitly pro-Bitcoin on the same political team. Why RFK Has Endorsed Trump Kennedy said that the Trump campaign had offered him a place within Trump’s administration. He said he received a call from Trump’s campaign and later met with...

The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, titled “150 Days After Dencun,” revealed that since the fee-reducing upgrade, there has been a notable...

The business week ends with high levels of volatility as bitcoin’s price soared to almost $64,000 for the first time since the start of the month. This rally, which was mostly mimicked by the altcoins, was possibly fueled by the latest developments on the US front and its central bank in particular. CryptoPotato reported earlier today that BTC had maintained above $61,000 after yesterday’s failure to conquer $62,000. However, the asset touched that level earlier today after...

TL;DR Pi Network is advancing towards the deployment of the mainnet, with millions of users migrating, but the exact launch date is still unclear. Users must complete KYC by September 30, 2024, with further details expected in an upcoming talk show. What’s New? Pi Network is a crypto project that aims to enable users to mine and earn digital assets on their mobile devices. It was introduced in 2019 and aims to be energy-efficient by using a consensus algorithm called Stellar...

[PRESS RELEASE – Douglas, Isle of Man, August 23rd, 2024] Since its launch, Mahjong Meta has been dedicated to creating a competitive Mahjong esports platform, blending the charm of Mahjong culture with Web3 to serve gaming and Mahjong enthusiasts worldwide. During the test operations, the feedback and support from the Mahjong players and community have continually inspired the team. This has led Mahjong Meta to further its vision of creating a Mahjong-themed gaming universe....

Ethereum has been facing significant resistance at the $2.8K level, which marks the lower boundary of a multi-month wedge pattern. The price action suggests that it might be completing a pullback, potentially driving the price down toward the $2.1K threshold. By Shayan The Daily Chart Ethereum has been grappling with the multi-month wedge’s lower boundary at $2.8K for several weeks, suggesting a possible pullback completion. After retracing toward this key resistance level,...

Bitcoin’s price has been holding strong around the $60K level following the significant crash a few weeks ago. Investors are now optimistic that the market will soon rally to new all-time highs. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating during the last couple of weeks after recovering from the $50K mark. Yet, the 200-day moving average, located around $63K, is yet to be broken to the upside. A bullish breakout...

It’s been an exciting seven days in the cryptocurrency market, which gained over $100 billion throughout the period. In what seems like a breath of fresh air, we are finally seeing some meaningful signs of recovery following weeks of turmoil and depressing price action. The total capitalization is currently hovering slightly below $2.3 trillion, and it comes on the back of predominantly positive performance on behalf of the majority of cryptocurrencies. Bitcoin’s price, for...

Federal Reserve chairman Jerome Powell promised to start cutting interest rates during his speech at the annual 2024 Jackson Hole Economic Symposium on Friday. This will mark the central bank’s first rate cut since 2020, and is already proving bullish for Bitcoin’s price. The Fed Pivot Is Confirmed “The time has come for policy to adjust,” Powell told the crowd. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving...