Crypto news

The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes. One such scam reportedly pocketed billions of euros from its unsuspecting clients after using popular football players as backers. Painful Losses Following the Footballers’ Involvement El Diario – a Spanish digital newspaper known for its investigative journalism – recently claimed that a dubious cryptocurrency project, called Omegapro, embezzled a...

While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging. According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level. Retail Investor Holdings Slowly Growing In the past 30 days, retail bitcoin holdings have increased by just 1,000 BTC. The total assets by this group...

Bitcoin’s price went through a massive rollercoaster on Friday night, dumping by $3,000 in minutes before it recovered some ground to $67,000. The altcoins have it even worse, and the total crypto market cap has shed about $70 billion overnight. BTC’s Down and Up The business week started quite promising for the primary cryptocurrency, which jumped on Monday from $68,000 to $69,500 to chart its highest price tag since late July. However, it faced an immediate rejection at...

Bitcoin and the altcoins went through massive volatility on Friday night after a controversial report from the Wall Street Journal, which was denied by Tether’s CEO immediately. However, the damage was done, which harmed over-leveraged traders, as the liquidations skyrocketed to over $400 million on a daily scale. CryptoPotato reported WSJ’s claims that the US federal government had launched an investigation into the company behind the world’s largest stablecoin for possible...

[PRESS RELEASE – Miami, Florida, October 25th, 2024] Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break. From November 1 to November 3, top international teams will face off in this fast-paced cricket format at the Tin Kwong Road Recreation Ground. The Cricket...

[PRESS RELEASE – Tortola, British Virgin Island, October 25th, 2024] Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity. As part of its recovery strategy, Aark Digital is offering a 15% bounty to the individual...

VanEck has introduced staking for its Solana Exchange Traded Note (ETN) in Europe, which currently has assets under management (AUM) totaling $73 million. The Solana ETN, which trades under the ticker VSOL, will now enable investors to benefit from staking rewards that will be accrued and reinvested daily. A Non-Custodial Staking Model The announcement was made by VanEck’s Head of digital asset research, Mathew Siegel, in an October 21 post on X. According to him, the rewards...

On Oct. 22, Chainling announced the results of its industry-wide corporate actions initiative involving major financial players such as Euroclear, Swift, UBS, Franklin Templeton, and Sygnum Bank. Blockchain ecosystem partners included Avalanche, ZKsync, and Hyperledger Besu networks. The oracle provider successfully demonstrated how artificial intelligence, oracles, and blockchains “can solve a decades-long unstructured data challenge in finance.” Automating Corporate...

Minneapolis Federal Reserve President Neel Kashkari has found himself on the wrong end of a backlash after stating that most cryptocurrency transactions involve drugs or illegal activities. The comment from the official, a known crypto skeptic, did not go unchallenged, with several members of the community calling him out for it. Fed Official Says Crypto Mostly Used for Illegal Activity Kashkari was at a town hall meeting in Chippewa Falls, Wisconsin, when a member of the...

In recent weeks, Pump.fun, the popular Solana-based platform for launching meme coins, has been consistently selling large volumes of SOL. According to the latest findings by Lookonchain, the Fee Account of Pump.fun, sold an additional 40,000 SOL, worth around $6.68 million, on October 2nd. The sale has prompted speculation about its broader market impact. Shortly after the development, SOL’s price briefly faced a drawdown to $163 before climbing back up to the press time...