BNB Battles Persistent Bearish Pressure, Will $500 Be The Next Stop?
BNB is currently under increasing bearish pressure, potentially setting it on a path toward the $500 mark. As sellers strengthen their control, the cryptocurrency seems poised for a further drop to this crucial support level, raising the question…
First Mover Americas: BTC Little Changed, on Course to End August Down 8%
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
All Bets on Mpeppe: Artificial Superintelligence Alliance (FET) Holders Make Bold Move in the AI Gambling Space
The world of cryptocurrency is never short on surprises, and the latest buzz centers around the unexpected but strategic move by holders of Fetch AI (FET) to dive into the burgeoning AI-powered gambling market through Mpeppe (MPEPE). This bold…
Playdoge vs. Mpeppe: Which Meme Coin is the Next Dogecoin?
Two meme coins, Playdoge (PLAY) and Mpeppe (MPEPE), have captured significant attention, each with its own unique appeal and potential to become the next Dogecoin (DOGE). With the Playdoge (PLAY) presale nearing its end and Mpeppe’s rise in…
ETH Whale Purchases PEPU, Playdoge and Their Rival Token Currently at $0.001777
In the volatile world of cryptocurrencies, strategic investments by whales, those with massive holdings often signal potential surges in value. Recently, an ETH whale made headlines by acquiring a significant amount of Pepe Unchained (PEPU)…
LBank Shakes Up the Crypto World: Celebrates 9th Anniversary with Bold New Moves and Leadership Shift
As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth, resilience, and innovation in the ever-changing digital asset space. Since its founding in 2015, LBank has built a reputation…
Four law firms collectively earned $484 million from their work on the crypto bankruptcies, representing 64% of all fees requested and received in these cases.
Market Slip Drags Injective Down 16% Despite Ongoing Developments
With the market resuming its bearishness today, August 30th, Injective continues to slip and slide. According to CoinGecko, INJ took a nose dive by 16% which slashed any hopes of a short-term recovery. Although the token’s performance leaves much…
Chinese ‘CoinGecko’ investigated by local police — Report
Launched in 2017, Feixiaohao is one of the many Chinese websites that remained operational even after the major cryptocurrency ban was enforced in China in 2021.
BlackRock's Bitcoin ETF Saw Outflow For the First Time Since May
BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, experienced an outflow of $13.5 million on Thursday. This was IBIT's first outflow since May 1st. Thursday's outflow was the second ever for the iShares Bitcoin Trust…
Mt. Gox and US gov’t could introduce $14B Bitcoin selling pressure
Bitcoin’s crabwalk could extend into September as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure.
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are…
Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000…
Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth
Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit…
ETH restaking surge driven by a decrease in annual staking rates — P2P.org
Artemiy Parshakov, the head of staking at P2P.org, said that the fierce competition among service providers in staking had driven the adoption of restaking.
Parafi Capital Secures $120 Million for Investing in Crypto Funds
The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi…
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African…
In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance…
Russia Is About to Try Using Crypto to Get Around Sanctions
Russia will begin trialing cross-border crypto payments next week to try to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the…
Hedera (HBAR) emerged as a standout performer in the second quarter (Q2) of the year, reversing the downward trend faced by many projects. The latest report from research firm Messari highlights Hedera’s progress across key financial…
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