Monthly archives: August 2024

Binance Says It Protects Over $2.4 Billion From Crypto Scams This Year

Crypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says …

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Campaign Advisor Says Harris Will ‘Support Policies’ Promoting Growth of Digital Currencies

On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies that ensure that emerging technologies and that sort of …

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Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000?

The worst looks to be over for Ethereum (ETH), as certain metrics suggest that the bottom is already in for the second-largest crypto by market cap. Based on this, ETH looks to be headed for a new all-time high (ATH), surging past its current ATH of $4,800.  Ethereum MVRV Shows Bottom Is In Data from …

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Polygon (MATIC) Breakout Could Propel Price To $1 In Days: Crypto Analyst

Polygon (MATIC) stands as one of the top performers in today’s crypto market, ranking third among the top-100 cryptocurrencies by market cap as of August 21. With a gain of 9% within the last 24 hours, the MATIC price recent surge is outpaced only by the Justin Sun associated crypto assets, TRON (+12%) and BitTorrent …

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Solana-Based Memecoin Rug Pulled By McDonald’s Hacker, Market Cap Plummets 98%

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this …

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Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals 

Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have …

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Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000

Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered …

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Tron Rises 24% Amid New Developments – Will The Uptrend Continue?

Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high. According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on the platform have held TRX and accumulated to capture more gains.  Related Reading Tron’s developments will …

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Solana Whale Sells $89,000,000 Worth of SOL in Eight Months, According to On-Chain Data

A cryptocurrency whale has sold off tens of millions of dollars worth of Solana (SOL) since the year started, on-chain data shows. According to blockchain tracker Lookonchain, the whale initially sold the first batch of SOL on January 15th. Over the ensuing weeks and months, the whale unloaded 614,000 SOL worth $89 million on Coinbase, …

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Binance and Ex-CEO Changpeng Zhao Sued in Lawsuit Alleging Money Laundering

The world’s largest crypto exchange by volume and its founder are being named as defendants in a new money laundering lawsuit. According to a new class action, Binance willfully neglected to register itself with the proper authorities and failed to maintain adequate anti-money laundering protocols as a means of earning profits from the US markets. …

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Analyst Likens Bitcoin Collapse Below $50,000 to COVID-Induced 2020 Crash, Sees BTC Starting Actual Bull Run

A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Crypto Dog tells his 811,100 followers on the social media platform X that there’s a good chance Bitcoin is on the verge of …

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Trader Turns $1,690 Into $20,000,000 in Six Days on TRON-Based Memecoin: Arkham

An unknown entity has printed incredible gains with a recently launched memecoin on the TRON network. Blockchain “de-anonymizing” platform Arkham says that one of the earliest investors of dog-themed altcoin SUNDOG made roughly 1,183,331% in just six days on a $1,690 investment. “This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 …

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Why Serious Students Should Embrace Play and Creativity

The notion that play and creativity are mere extracurricular activities is a misconception. For serious students, intertwining these aspects within their educational framework could result in unmatched cognitive and academic benefits. When one combines the discipline of study with the innovation of creativity, the outcome is a well-rounded and adaptable mind. In this article, we …

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Resolving the Dichotomy: Defi Compliance under Zero-Knowledge

Opinion from Dr. Andreas Freund. 21 August 2024 TL/DR There are platform solutions for DeFi protocols to integrate regulatory compliance without compromising decentralization. Using blockchain technology and cryptographic protocols, DeFi protocols can ensure secure and transparent transactions that meet regulatory standards while maintaining user privacy. Such protocols enforce compliance rules on digital assets and their …

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Is Ethereum’s (ETH) Price Slump Coming to an End? On-Chain Data Offers Clues

TLDR Ethereum’s price has dropped below $3,000 since early August, currently trading around $2,679. Ethereum gas fees hit a record low of 1.06 Gwei on Saturday, leading to less ETH being burned. Ethereum’s total supply has been consistently rising since April 2024. Global Ethereum ETFs saw minor inflows of $4.2 million last week, while US …

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