Tag Archives: News

BTC and ETH prices remained mostly unchanged this past weekend after dropping last Friday. BTC’s price dropped significantly last week – many believed it would overtake the all-time high (ATH), but it fell flat, dropping below $69,000 from about $72,000. Macroeconomics was at play as non-farm payroll figures were much better than expected as the US economy added 272,000 new jobs instead of the predicted 185,000 jobs. That will have other effects, such as the Fed not cutting interest rates,...

Standard Chartered, the British financial institution, claims bitcoin can hit $100,000 by November and surge to $150,000 if Donald Trump wins the US presidential election. Analysts for the institution feel Trump’s siding with the crypto industry is a bullish factor, and as the US heads toward the election in November, BTC will reach the six figures. Trump’s anti-crypto rhetoric from his last term has changed this time as he takes a pro-crypto stance going into the election. This past week, he...

An illegal Indian crypto operation that scammed a foreign resident was busted by the authorities who arrested the perpetrators along with proof and tangible assets like jewelry. The operation involved Prafful Gupta and multiple associates targeting a foreign woman, claiming her bank account was insecure and convincing her to transfer funds worth $400,000. The arrests came after the Central Bureau of Investigation (CBI) filed a First Information Report (FIR) against Prafful and the others...

Alex Saunders, an Australian crypto/finance influencer and founder of Facebook group Nugget’s News, is revealed to have collected AU$17.5 million (US$13.2 million) in loans from FTX. The now-defunct exchange wanted to evade bad press because of the scheme it was involved in with Saunders. Saunders had lured innocent investors into providing him with funds by sending it to his crypto wallets. He claimed that he would direct toward developing multiple crypto protocols. In return, he would...

Arbitrum Foundation, the body behind the Arbitrum network, an Ethereum layer-2 rollup, has decided to dedicate 215 ARB tokens, or $225 million, for gaming innovation on the network. Arbitrum’s optimistic rollup ecosystem is taking Ethereum’s scalability to new heights, allowing developers to launch highly efficient dApps. Gaming applications are one of those, witnessing tremendous deployments and usage on the layer 2. The move to foster innovation monetarily will solidify Arbitrum’s place as...

Telegram launched the ‘Stars’ token, allowing users to avail digital goods and services from the social platform’s numerous mini apps. Stars is an in-app asset that ensures users can pay for services effortlessly through the app. Mini-app developers can exchange the Stars for Toncoin (TON) – the native asset of the TON chain, a blockchain network developed and powered by Telegram. They can exchange the tokens on Fragment, a platform on which Telegram users often buy and sell usernames. Pavel...

Donald Trump has been using the crypto industry as a talking point this election season, speaking favorably for the industry and pointing out the gaps in legislation surrounding the asset class. In a recent fundraiser held in San Fransisco, former President US and presidential candidate Trump stated that “he would be the crypto president,” according to Reuters. Trump raised around $12 million in the fundraiser hosted by well-known tech VCs Chamath Palihapitiya and David Sacks. While San...

As the crypto community awaited BTC to push past its all-time high (ATH) of $73,738, with it inching closer to $72,000, the asset’s price quickly dropped to around $68,500 during the weekend. It now fluctuates over $69,000. The price drop has wiped off most of the gains BTC witnessed the past week, cooling off the momentum it was gaining to set a new ATH. BTC’s reductions come after a massive selloff that saw over $450 million in liquidations as the US government issued its employment report...

Bitcoin miners are reporting dropping revenues across the board due to the halving event that occurred in April. Now that it has been over a month since Bitcoin halving, miners are expectedly receiving lesser rewards from the Bitcoin network, compared to what they earned over the previous four years. Halving on the Bitcoin network happens once every four years or after every 210,000 blocks, cutting the block rewards miners receive for mining blocks by half. Four halvings have occurred so far...

The massively popular yet frequently controversy-stirring social media influencer Andrew Tate burnt $11 million of the Top G token – a project he started some months ago. That amounted to 587 million Top G tokens being sent to the Solana Incinerator, removing those tokens from circulation forever. Tate’s actions nullified 58% of the memecoin from circulation. Only 37% of Top G tokens remain for users to interact with. The immediate cut in the token’s supply caused its price to rise by 130%,...