Crypto news

As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election Optimism According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, the trading volumes of investment products have...

[PRESS RELEASE – Los Angeles, California, October 21st, 2024] NFL Rivals, the officially licensed video game of the National Football League and the National Football League Players Association,  has launched its ‘Monster Smash 2’, Halloween program, which allows players to complete challenges and compete to “rewrite history” with its first NFL Legend, former NFL MVP, Adrian Peterson, in a series of monstrous performances playing as the running back. Simply, the program will...

Ethereum co-founder Vitalik Buterin has shared insights into Ethereum’s next upgrade on its technical roadmap – The Scourge. It aims to fix issues involving centralization concerns in Ethereum’s staking and block production. Buterin has proposed several fixes to these shortcomings the layer-1 blockchain faces. Ethereum’s Scourge to Reduce PoS Centralization Following Ethereum’s Merge upgrade in late 2022, the smart contract blockchain transitioned from a proof-of-work (PoW)...

The Hong Kong Police Force (HKPF) has dismantled a massive cross-border fraud operation that used deep fake technology to con men into phony cryptocurrency investments. The scam targeted men through fake online romances, with the victims reportedly being conned out of approximately $46 million. 27 Arrested in Raid on Fraud Center Local media reports revealed that the police identified a group operating from a fraud center located in a Hung Hom industrial unit between August...

Bitget revealed that its native wallet has surpassed 40 million users, representing a growth of over 100% since March 2024. This brought the platform closer to Binance, making it the second most downloaded crypto app in the world. In fact, Bitget Wallet recorded 6 million downloads in September alone. In a recent blog post, Bitget attributed its growth this year to several key factors, including its integration with the TON ecosystem and Telegram. The team said that the...

TL:DR; ApeCoin’s price surge continued after our initial reports and tapped a 6-month peak of over $1.7 earlier today. However, its all-time high is still far ahead and the questions arises whether it will be able to break it amid the ongoing developments around the project. APEMania Is Here? It’s safe to say that today belongs to ApeCoin’s native token. As reported earlier, it exploded by 65% in hours after the launch of ApeChain – the protocol’s bridge that allows users to...

The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year. According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the 25-year-old Eric Council with conspiracy to commit aggravated identity theft and access device fraud....

The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows. This has become their best five-day trading period in this regard since mid-March. Massive Inflows for BTC ETFs It’s safe to say that it was a big week for the 11 US-based spot Bitcoin ETFs, with several multi-month peaks, such as BlackRock’s best day since July on Wednesday. The total net inflows rose above $20 billion that...

TL:DR; ApeCoin made the news over the weekend after launching its bridge that allows users to earn a yield on certain crypto assets, including APE. The native token’s price skyrocketed by over 60% within hours, leaving questions about how high it can go. APE’s Price Targets CryptoPotato reported earlier today the massive achievement by ApeCoin’s team. After months of standing on the sidelines without attracting significant attention from the general public, the devs...

Bitcoin’s price actions have calmed during the weekend, as probably expected, and the asset remains above the $68,000 level. The altcoins have been slightly in the red in the past day, but they went through a highly positive trading week, with impressive gains from ETH, SOL, BCH, and especially DOGE. BTC Calms Above $68K Last weekend went without any fireworks as BTC had recovered to $62,000 after slumping below $59,000 on Thursday. The eventful price movements were left for...