Tag Archives: social

After several days of enhanced volatility, including a pump and dump for over $2,500 in each direction, BTC has finally calmed on a daily scale and stands close to its familiar ground of around $26,000. Most altcoins are also a lot less volatile now, with UNI being among the few with substantial increases over the past day. BTC Calms at $26K Several weeks of mostly sideways trading came to an abrupt halt on Tuesday when Grayscale recorded a massive court victory over the SEC...

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP) The company said the experiments are part of its wider strategy to ensure secure, global interoperability as new technologies and...

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

The Switzerland-based financial institution that focuses on cryptocurrencies – SEBA Bank – has reportedly secured an approval-in-principle from Hong Kong’s securities regulator.  The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers.  One Step Away From Offering Crypto Services Based on a Bloomberg coverage, the Hong Kong Securities and Futures Commission intends to grant the...

The cryptocurrency market and its prices constantly evolve, with volatility and market sentiment changing rapidly. The impact of external factors, particularly government operations, is a subject of curiosity and concern. The unrealized loss in the U.S. banking system amounts to a staggering -$1.8 trillion, with a capital of only $2.2 trillion. While corporate taxes are due on Sept. 15, and there is a possibility of a government shutdown on Oct. 2, the average person is...

Bitcoin’s price performance continues to be somewhat surprising given the positive news that came from Grayscale’s court victory over the SEC earlier this week, and the asset fell to a new multi-month low. The altcoins also fell in the past 24 hours once again, except for TONCOIN, which is in a league of its own. BTC’s Latest Drop CryptoPotato reported the positive developments in the crypto market earlier this week when a US judge ruled in favor of Grayscale in its lawsuit...

One of the leading cryptocurrency mining companies – Stronghold Digital Mining – is reportedly planning to use tire-derived fuel (made of shredded vehicle tires) in its operations in the state of Pennsylvania.  Burning such items is a toxic process that contaminates the nearby air, water, and soil. As such, it is no surprise that some locals and green activists are firmly against it. Mining BTC Via Such a Method is ‘Really Unacceptable’ According to a coverage by The...

Five Ethereum liquid staking providers have implemented or are gearing up to implement a self-imposed restriction, pledging not to own more than 22% of the ETH staking market. This move is aimed at safeguarding the decentralization of the Ethereum network. According to Ethereum core developer Superphiz, Rocket Pool, StakeWise, Stader Labs, and Diva Staking are the staking providers that have already adopted or are actively pursuing this self-imposed limitation. Superphiz was...

Bitboy Crypto’s Ben Armstrong has released an emotional apology video after he was kicked out of the company. His wife, Bethany, accompanied the infamous crypto influencer in the emotional video shared on the BitBoy Crypto YouTube channel. In it, Armstrong acknowledged making mistakes that led to his ouster from the company. Armstrong’s Apology While denying that he had gone back to using hard drugs like cocaine and methamphetamines, Armstrong admitted to taking diet pills...

The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii.  The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to the Rescue  The Rock took it to X (Twitter) to explain that the fund will put money “directly in the pockets of those who...