Unleash the Ultimate Crypto Gaming Experience at Gamdom Casino: Win Big and Play Safe
Enter the world of Gamdom Casino, where exceptional gaming meets cutting-edge cryptocurrency transactions. As a renowned online gaming platform, Gamdom offers an unparalleled experience, combining a vast game selection with innovative payment…
Australia Flags Over 2,000 Compromised Crypto Wallets
More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified…
Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives
As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million…
Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward…
Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist
Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since…
Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin…
Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD
In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not…
Pan-African Tech Firm Cassava Technologies Launches AI Unit
Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and…
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the…
6 Indicators of Economic Trouble: Is a US Recession on the Horizon?
At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the…
South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative…
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability…
Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’
Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He…
An Analysis of Solana’s Celebrity Memecoin Invasion
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates delves into the rise of…
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina…
ZKX Shutdown: Amber Group Slams the Protocol’s Lack of Transparency
Amber Group has criticized ZKX protocol’s abrupt decision to cease operations, stating that it sets a concerning precedent. Hashkey Capital, another market participant, has also expressed dissatisfaction with ZKX’s lack of transparency and…
Macroeconomics Expert Predicts Hard Landing for US Economy
Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking…
Market Mayhem: Bitcoin Crashes Below $59K, $223M in Liquidations as South Korea’s Premium Spikes
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin…
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden…
Nigeria Acts to Stabilize Currency with Forex Auction
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex…
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven…
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the…
Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in Review
The U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report, sparking concerns about a potential recession. Meanwhile, Coinbase reported $1.4 billion in Q2 revenue, highlighting…
Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation
A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to…
Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company
Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin America after announcing its financial results for Q2. Mercado Libre announced a net income of $531 million…
Blockchain and Nation-State Infrastructure: Why Bother?
We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel…
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Gaz of Blocmates breaks down Megaeth, one…
Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa
Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to…
India’s Crypto Raid Uncovers Massive Fraud in Ladakh
India’s Enforcement Directorate (ED) has executed its inaugural raid in the Leh Ladakh region to investigate fraudulent cryptocurrency activities under the Public Money Laundering Act (PMLA). The operation targeted six locations across Leh in…
Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto
Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of…
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