Swift to Pilot Digital Asset and Currency Transactions in 2025
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital…
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that…
L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and…
Discovering the Creator-Driven World of Nifty Island
In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last episode’s livestreamed…
Kraken Launches Regulated Derivatives Platform in Bermuda
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 contracts, including perpetual…
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean…
Goldman Sachs Raises Gold Forecast to $2,900 by 2025
In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even…
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s…
Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30…
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago…
Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%
The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor…
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation…
72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as…
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them to a suspicious…
Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?
Dogecoin increased in value by more than 12% in the historically bearish month of September but has not quite been able to replicate its excellent form this October. The DOGE price has been under significant bearish pressure in the past few days…
UAE exempts crypto transfers, conversion from value-added tax
The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions.
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The…
What is a rug pull in crypto and 6 ways to spot it?
Ever heard of crypto rug pulls? Find out what they are and how to identify the six warning signs that could protect your hard-earned money from disappearing overnight.
Coinbase to Delist USDT in Europe Amid New EU Regulations
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s…
Bitcoin Lags Under STH Realized Price Of $63,000 — What Does This Mean?
The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4. The premier cryptocurrency continues to hover around the $62,000 mark, reflecting a mere 0.3% decline in the last 24…
Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will…
Telegram to enable NFT conversion for new Gifts feature
While Telegram did not specify a specific date for implementing NFT support for Gifts, its CEO said that the feature will be launched “later this year.”
US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details
Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in…
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