PEPE Token Heist: Former Team Members Swipe $15 Million in Tokens, Lead Developer Vows to Rebuild and Decentralize
Approximately 16 trillion PEPE tokens worth $15 million were illicitly transferred to crypto exchanges and sold, according to an announcement from the meme coin’s anonymous lead developer. The theft was allegedly orchestrated by three former…
Analysis Says 2024 Halving Could Push Bitcoin to $400K, BRICS Declares Importance of Local Currencies in Trade — Week in Review
This week’s hottest stories detail a potential skyrocketing of bitcoin’s price to $400,000, connected with the upcoming 2024 halving event, emphasis on trade in local currencies made at the conclusion of the recent BRICS summit in…
Growing Use of AI in Making Web3 Games Hints at Accelerated Adoption of Blockchain — Cronos Labs MD
The use of non-fungible tokens (NFTs) when launching Web3 games as well as developers’ emergence as experts at community management are some of the promising trends in blockchain gaming that can accelerate mass adoption, Ken Timsit, the…
Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll
While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away…
All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat
The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be…
Indian Official: De-Dollarization Remains Distant, Rupee Should Become Dominant Currency
India’s oil and gas minister says de-dollarization is a long way away. The official emphasized his desire to conduct all transactions in rupees, expressing his wish for the Indian currency to become “the lead currency in the world.” Indian Official
US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows
The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July. In addition, the…
Economist Peter Schiff Warns of ‘Full-Blown Financial Crisis’ Hitting US Economy Before Fed Reaches Inflation Target
Economist Peter Schiff has warned about an impending “full-blown financial crisis” that he expects to hit the U.S. economy before the Federal Reserve reaches its inflation target. He further predicted that the financial crisis will force the Fed to…
Robert Kiyosaki Explains Why Investors Should Buy Silver — ‘Who Can’t Afford 1 Silver Coin’
Rich Dad Poor Dad author Robert Kiyosaki has outlined the reasons why investors should consider purchasing silver. He emphasized that despite the affordability of silver coins, most people still prefer to “save counterfeit fake…
Tornado Cash Co-Founder Roman Storm Released on Bail
One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations…
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands…
Judge Denies CEL Valuation Boost; Evades CEL’s Security Classification in Celsius Saga
In the unfolding saga of the Celsius bankruptcy case, a proposal was presented to elevate the defunct crypto enterprise’s native token, CEL, to a valuation of $0.80 each. Yet, the overseeing U.S. bankruptcy judge, Martin Glenn, dismissed…
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to…
Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%…
Shiba inu was one of Saturday’s notable gainers, as price rebounded from recent lows to start the weekend. Today’s rebound comes as the global crypto market cap moved into the green earlier in the session. XRP was also higher on…
Bitcoin remained largely unchanged on Saturday, as markets were mostly unmoved by comments from the Federal Reserve’s chair, Jerome Powell. Speaking at the annual Jackson Hole symposium, Powell hinted that more hikes were in the cards…
Jellyfish Mobile to Curb the SIM-Swap Menace That Led to Losses Worth $140 Million in Two Years
PRESS RELEASE. The cryptocurrency market lacks regulation, leading to potential risks for investors, including SIM-swap scams. By this technique, hackers manipulate mobile carrier customer service to gain access to a user’s phone number…
Web3 Experts: Hong Kong Government-Backed Stablecoin Can Become a Global Currency, Challenge Dollar Dominance
According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and…
Binance Renames Russian Bank Cards Amid US Sanctions Probe, Report
Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on…
Russian Foreign Minister Sergey Lavrov: BRICS Is Focused on Reducing Dependence on US-Controlled System
Russian Foreign Minister Sergey Lavrov has declared that the actions of the BRICS bloc, integrated by Brazil, Russia, India, China, and South Africa, are focused on reducing dependency on the economic system managed by the U.S. and its Western…
Brazil Proposes Plan to Settle Bilateral Trade With Argentina in Chinese Yuan
The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The proposal, which would leverage resources in the Chinese credit swap line, aims to maintain trade between the…
South African Official: Common Currency Requires Central Bank, Threatens Monetary Policy Independence
South Africa’s minister of finance has explained why he believes that no country is ready for a common currency, including a unified BRICS currency. “Setting up a common currency presupposes setting up a central bank, and that presupposes losing…
Mastercard and Binance Ending Partnership for Crypto Cards
Mastercard and crypto exchange Binance are ending their partnership for crypto cards. According to the payment giant, the decision will affect all four of Mastercard’s co-branded crypto card programs with Binance in Argentina, Brazil, Colombia, and…
JPMorgan Analysts: Crypto Bear Market on the Brink of Conclusion
A study of CME Group’s bitcoin futures and open interest indicates the crypto bear market may be approaching its end, according to JPMorgan analysts led by Nikolaos Panigirtzoglou. The bank’s market experts suggest that there’s…
Polymarket Wagers Favor Trump for Nomination; Ramaswamy’s Bid Gains Momentum
Following the initial Republican debate and an exclusive interview between Donald Trump and Tucker Carlson on the social media platform X, wagers on the decentralized prediction marketplace Polymarket suggest Trump is leading, with presidential…
Powell: More Rate Hikes May Be Needed to Curb Inflation
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell…
Trump Mugshot Fuels NFT Sales: Ex-President’s Digital Cards Jump 426%
After a mugshot of the 45th U.S. president, Donald Trump, was snapped at Fulton County Jail in Atlanta, his NFT trading card sales skyrocketed. Cryptoslam.io data shows a whopping 426% surge in Trump’s digital card sales in just 24 hours…
PEPE Token’s Rapid 17% Fall Sparks Concerns Over Multi-Sig Wallet Changes and Massive Fund Transfers
In the wake of the meme token’s meteoric ascent, pepe (PEPE) has plummeted by over 17% in the last 24 hours. Buzz on social media suggests a significant amount of funds held by the development team are being transferred to exchanges…
Biggest Movers: DOGE Nears Key Price Floor, as TON Extends Gains
Dogecoin moved closer to a key support level on Friday, as the meme coin slipped for a second straight session. Today’s decline comes as the global crypto market cap edged lower, falling 0.77% lower as of writing. Toncoin was on the other side of…
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold…
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