A man who operated a purported crypto asset recovery business has been arrested and is now facing criminal charges for allegedly defrauding dozens of people. In a statement, Manhattan District Attorney Alvin L. Bragg, Jr. says that Michael Lauchlan has been charged with stealing from customers of Coin Dispute Network (CDN), which claimed it can …
Monthly archives: August 2024
Morgan Stanley Gives Wealth Advisors the Go-Ahead To Offer Bitcoin (BTC) ETFs to Clients: Report
Financial services giant Morgan Stanley is reportedly giving wealth advisors approval to offer Bitcoin (BTC) exchange-traded funds (ETFs) to wealthy clients. According to a new report by CNBC, a major Wall Street bank is giving its wealth advisors the go-ahead to pitch BTC ETFs to its customers for the first time. Anonymous sources familiar with …
Base Dawgz Races Past $2.8 Million In Presale As Base Chain Accounts Surged 56% In July
Base Dawgz ($DAWGZ) is starting August with a bang, raising $2.8 million in presale funds, while its parent chain, Base, saw a 56% growth in […] Go to Source
Meme Coin Bloodbath Continues As DOGE, SHIB, And PEPE All Plunge
The meme coin bloodbath continued as the sector’s market capitalization plunged over 5% in the past day, with market titans Dogecoin (DOGE), Shiba Inu (SHIB) […] Go to Source
MicroStrategy ”Extremely Optimistic” After Bitcoin 2024, Sees Increasing ”Bipartisan” Political Support For Crypto
MicroStrategy (MSTR) said it’s “extremely optimistic” following the Bitcoin 2024 conference amid increasing “bipartisan” political support for the crypto ecosystem. “We are extremely optimistic with […] Go to Source
Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US
An appellate court in Montenegro has upheld the decision of a lower court on the extradition case of Terraform Labs co-founder Do Kwon. Kwon is facing criminal charges in his native South Korea and the US stemming from the $40 billion crash of the TerraUSD stablecoin and its companion token, LUNA. Both countries sought Kwon’s …
Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain
Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.’” …
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Bitcoin’s correlation with gold strengthens amid recessionary signals
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024. …
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U.S. unemployment rate spike drives Treasury yields down and Bitcoin holds steady
Quick Take Data from Trading Economics shows that on today’s latest US jobs data revealed a surprising spike in the unemployment rate, which soared to 4.3%, exceeding the consensus expectation of 4.1%. Non-farm payrolls were particularly disappointing, with only 114,000 jobs added compared to the anticipated 175,000, marking a significant miss. The weak employment report …
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Solana’s July DEX volume exceeds Ethereum amid wash trading concerns
The Solana network outpaced Ethereum in monthly decentralized exchange (DEX) volume in July, according to DefiLlama data. Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This represents Solana’s second-highest monthly volume, following March 2024’s peak of $60.7 billion. Solana DEX Volume (Source: DeFillama) Solana’s volume spike is mainly due …
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Bitcoin-focused Xapo Bank maintains 3,000% liquidity ratio to secure customer assets
The Evolution of Crypto Regulation: Insights from Joey Garcia of Xapo Bank In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs and Public Relations at Bitcoin-focused Xapo Bank, shared his journey and insights into the evolution of digital assets regulation. Joined by CryptoSlate Senior Analyst James Van Straten, Garcia provided a detailed …
MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share
Quick Take Q2 2024 Highlights On Aug. 1, MicroStrategy announced its Q2 results, highlighting a significant milestone as its total Bitcoin holdings reached 226,500 BTC. The company reported several key financial moves in Q2 2024, according to their quarterly presentation, including raising $800 million through 2032 convertible notes, calling $650 million of 2025 convertible notes, …
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports Q2 Earnings: Revenue Rises 78% Despite …
PlayDoge ICO Nears $6M as Retro-Style P2E Meme Coin Goes Viral
PlayDoge (PLAY), the latest meme coin sensation, is on the verge of hitting a major milestone. This retro-style project is nearing the $6 million mark in its limited-time presale. Both investors and gamers are eager to get in on the action – and the excitement around PlayDoge’s prospects is growing fast. PlayDoge Combines 90s Nostalgia …
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