Tamadoge is a new crypto coin that’s the first meme coin featuring a metaverse and other popular features until its live launch in October of 2022. Investors can buy TAMA tokens during its presale period. Tamadoge is about to give away $100,000 for their token holders. All you have to do is hold on to …
Monthly archives: August 2022
Vitalik Buterin Says Ripple and XRP Lost Their Right to Regulatory Protection Years Ago – Here’s What He Means
Ethereum (ETH) creator Vitalik Buterin says that Ripple and XRP lost their right to be protected by the crypto community from government overreach several years ago. Buterin tells his 4.2 million followers that he’s happy to see Ethereum supporters voice their support against unfair crypto regulation that hurts legitimate projects. “Glad to see Ethereum people …
Legendary Trader Peter Brandt Updates Outlook on Shiba Inu (SHIB), Says Bitcoin (BTC) Can Go Lower After Calling Crypto Crash
Veteran trader Peter Brandt is offering up his latest take on Bitcoin (BTC) and Dogecoin (DOGE) competitor Shiba Inu (SHIB). Brandt tells his 674,000 Twitter followers that SHIB has just completed an inverse head and shoulders (IH&S) pattern, a traditionally bullish formation that suggests the end of a downtrend. Brandt suggests that SHIB is either …
Correlation growing between crypto and equity markets in Asia, says IMF
Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes. In a blog post from Aug. 21, a group of IMF economists shared their concerns over the …
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USDC whale holdings percentage lowest in almost two years
The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues. Cryptocurrency analytics firm Glassnode has released the latest data on USDC metrics, reflecting a recent sell-off of the second biggest U.S. dollar-backed stablecoin by market capitalization. $USDC Percent …
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Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players. Various stablecoin providers collectively held $80 billion worth of short-term U.S. government debt as of May 2022, according to a study by the investment bank JPMorgan released on Aug. 16. Tether, Circle …
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BendDAO contract now has only 15 ETH left to pay lenders
Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid to lenders. Researcher NFTStatistics.eth dissected the issue in a Twitter thread, highlighting that NFT borrowers in the platform …
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Hodlnaut Encounters A Financial Deficit Of $193 Million: Report
A report published by the Block states that the crypto lender platform Hodlnaut is currently facing a financial deficit of $193 million The report further states that Hodlnaut had earlier invested funds in Terra’s failed stablecoin protocol UST Per a report published by the Block, the troubled crypto lender platform has encountered a financial deficit …
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BendDAO running out of funds amid fears of souring debt
NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank run finally happened 15 wETH ($25,081) left in the wallet that had 18,000 ETH ($29,160,000) in it just 48 hours ago …
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South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korean officials have interpreted existing laws to mean crypto airdrops may be subject to “gift tax,” according to local media outlet Yonhap News Agency (YNA). Officials at the Ministry of Strategy and Finance, which oversees the country’s financial and social development policies, said: “In this case, a gift tax will be levied on the …
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Voyager creditors rejects bonus plan for 38 employees
Voyager Digital creditors have opposed its move to pay employees “retention awards,” according to an August 19 court filing. Bonuses worth $1.9M Voyager had asked the bankruptcy court to approve a $1.9 million “Key Employee Retention Plan” (KERP) in an August 2 filing. The bankrupt lender wanted to pay 38 employees bonuses because they were …
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Hackers Used Deepfake of Binance CCO to Perform Exchange Listing Scams
A set of hackers managed to impersonate Binance chief communications officer (CCO) Patrick Hillmann in a series of video calls with several representatives of cryptocurrency projects. The attackers used what Hillman described as an AI Hologram, a deepfake of his image for this objective, and managed to fool some representatives of these projects, making them …
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Russian Caught Mining Crypto in Covid-19 Clinic
An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto farm. Altai Resident Apprehended for Running Underground Crypto Mining Operation An …
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Ethereum’s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship
The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted addresses would not be able to transact or operate in the …
IBAT(BNB): Price Jumping Up to $0.500 Level
IBAT/BNB Price Forecast: August 22IBAT/BNB will still go further if the current support at $0.008387 holds. The crypto’s price may continue its upside moves to a $0.500 high level, provided the buyers increase their actions in the market. Key Levels:Resistance Levels: $0.011444, $0.011454, $0.011464Support Levels: $0.008314, $0.008214, $0.008114IBAT (BNB) Long-term Trend: Bearish (4H)Analyzing the chart …
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