As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed …
Continue reading “The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut”
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid …
Continue reading “Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token”
Base Dawgz (DAWGZ) has got investors buzzing as it nears the end of its presale phase. With over $3 million in the bag and less than two days to go, DAWGZ is beginning to generate huge traction before its first DEX listing. Final Countdown for Base Dawgz Presale with DEX Listings on the Horizon Investors …
Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin …
Continue reading “Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January”
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs …
Continue reading “US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows”
French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged …
Continue reading “French Court Extends Telegram CEO Pavel Durov’s Police Custody”
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions …
Continue reading “Bank of Russia Eyes Stablecoins for Cross-Border Transactions”
Cardano (ADA) founder Charles Hoskinson believes a Kamala Harris victory in November is bad news for the United States. Hoskinson says on the social media platform X that he fears if Democrat nominee Kamala Harris wins the presidential race, it could be a death knell for the crypto industry in the US. It is Hoskinson’s …
A crypto strategist known for calling market bottoms believes Bitcoin (BTC) is preparing for a big breakout and rally to fresh record highs. In a new video update, pseudonymous analyst Bluntz tells his 271,900 followers on the social media platform X that the last leg of Bitcoin’s five-wave surge is underway. Bluntz practices the Elliott …
Popular on-chain analyst Willy Woo says Bitcoin (BTC) just needs a fraction of the capital stored in global wealth assets to reach a seven-figure price tag. Woo tells his 1.1 million followers on the social media platform X that Bitcoin needs inflows of $5 trillion to move its price to $1 million. According to the …
Coinbase’s layer-2 network Base has recently achieved a key milestone, hitting over 1 million daily active addresses. According to data from blockchain analytics platform GrowThePie, the Ethereum layer-2 network surpassed the 1 million mark for the first time on Aug. 24 when its active addresses reached 1.05 million. Coinbase Base Daily Active Addresses (Source: GrowThePie) …
XBorg launched as a spin-off from SwissBorg in 2022, is focused on revolutionizing the gaming industry through a player identity protocol that enhances online experiences by enabling data ownership. In this interview, Head of Growth & Marketing at XBorg, Connor Kirsten, delves into the challenges surrounding token launches in 2024, attributing poor performance to market saturation …
US-based Bitcoin ETFs saw a net inflow of $202.6 million on Aug. 26, according to SoSo Value data. Ticker Sponsor Prem./Dsc. Aug. 26 Inflow Net Inflow BTC Share Value Traded IBIT BlackRock -0.13% $224.06M $20.93B 1.81% $704.81M GBTC Grayscale +0.02% $0.00 -$19.73B 1.15% $141.54M FBTC Fidelity -0.22% -$8.33M $9.88B 0.91% $164.37M ARKB Ark -0.23% $0.00 …
Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over …
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such …
Continue reading “Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind”
