Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which…
Blackrock Edges Closer to Surpassing Grayscale in Onchain Crypto Assets
According to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while…
Solana’s GambleFi Star Mega Dice Token Raises $1.7M in Trending Presale Event
Mega Dice, the popular Solana-based casino, has just hit a huge milestone. The presale for its native Mega Dice Token (DICE) has now passed $1.7 million – with many early backers believing it could be the next big thing in GambleFi. Mega…
US Bitcoin ETFs Gain $11M, Ether ETFs Slip by $39M on Thursday
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session. A Dive Into Thursday’s Crypto…
New P2E Meme Game PlayDoge Raises $6M in Presale – Will PLAY Rally After DEX Listing?
PlayDoge (PLAY) is proving that even in the meme coin world, it’s possible to shake things up. This new Play-to-Earn (P2E) project has just passed the $6 million mark in its presale. But does PlayDoge have what it takes to make a real impact…
$110M Added to Tokenized Treasuries in 5 Weeks, Market Cap Approaches $2B Mark
As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the…
Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade
On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to…
Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic
Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx…
Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs
In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on…
India and Russia to Enhance Trade With Rupee-Ruble Payments
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as…
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was…
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present…
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and…
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s…
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event…
Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings
Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast…
Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which…
Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums
A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and…
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal…
Chainlink Integrates Data Streams and VRF on Base Blockchain
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base…
Web3 Name Service Firm Unstoppable Domains Secures ICANN Accreditation
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the…
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing…
Making Bitcoin Mining Work in 2024: The Role of DeMi Token
As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable…
Bitcoin ETFs See $81M Outflow as Ethereum ETFs Cash In
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With…
Kim Dotcom’s Extradition to US Approved by New Zealand Justice Minister
Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and…
Newly Launched ETF Supercharges Microstrategy Bets: 1.75x Risk or Reward
Defiance ETFs has introduced MSTX, the first leveraged single-stock exchange-traded fund (ETF) focused on Microstrategy, offering 175% long daily exposure. This ETF targets sophisticated investors seeking amplified exposure to Microstrategy’s…
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations…
South Africa Unveils National AI Policy Framework, Seeks Stakeholder Feedback
South Africa has published a national policy framework for artificial intelligence (AI) and is seeking feedback from stakeholders. This framework is the first step towards developing a comprehensive national AI policy. It aims to foster a robust AI…
Analyst Predicts Silver Prices Could Reach $200 Driven by Demand for New EV Battery Technology
Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology…
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse…
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