Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one …
Continue reading “Ethereum Return To $4,000: Key Zones And Price Levels To Watch”
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue.
Many X users complained they could not join the livestream of Elon Musk’s scheduled interview with Donald Trump on the platform.
iVest hit with “null address” exploit, millions of PCs at risk to “un-removable” malware, Web3 gamer tricked into $69K approval: Crypto-Sec.
Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previous quarter but a nearly 10% decline compared to last year. Deal activity, however, fell by 12.5% from the first quarter. The digital asset market …
A new universal basic income (UBI) experiment funded by tech billionaire Sam Altman has found people who receive free money generally tend to work less. In a study titled “The Employment Effects of Guaranteed Income: Experimental Evidence From Two U.S. States,” researchers gave 1,000 low-income individuals $1,000 per month unconditionally for three years. Participants mostly …
The US Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd., its founders, and several people who promoted the firm for orchestrating a fraudulent scheme that victimized over 200,000 investors worldwide. The regulator’s complaint alleges that NovaTech — founded by Cynthia Petion and Eddy Petion — posed as a legitimate multi-level marketing company …
Continue reading “SEC charges NovaTech founders, promoters with $650 million crypto fraud”
Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over time, but they remain prominent on smaller, less liquid exchanges, especially during market events like the recent sell-off seen last week. Price slippage occurs when the expected price of …
Continue reading “Crypto liquidity crisis causes major price slippages during sell-offs – Kaiko”
Coinbase has submitted a strongly worded comment letter to the US Securities and Exchange Commission (SEC) opposing the agency’s proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The SEC’s proposal, which has reopened for public comment, has drawn significant criticism from Coinbase and other industry players. The exchange’s letter highlighted concerns …
Continue reading “Coinbase opposes SEC proposal to redefine exchanges to include DEXs”
Bitcoin (BTC) short-term holders are experiencing the largest amount of unrealized loss since the bear market lows in 2022, which has added more pressure on prices due to fears of another sell-off, according to the latest edition of the “Bitfinex Alpha” report. The Short-Term Holder MVRV (Market Value to Realised Value) ratio compares the current …
Continue reading “Short-term Bitcoin investors face pain, triggering panic selling worries”
Vice President Kamala Harris may need to attract more support from the crypto community to strengthen the Democratic Party’s chances of winning the November elections, according to a recent survey by crypto investment firm Paradigm. The survey, which polled 804 registered Democrats, found that 13% are undecided about voting for Harris. Of these, 18% have …
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DeFi lending protocol Euler has announced the completion of a comprehensive security process for its upcoming Euler v2 protocol, which involved a $4 million investment allocated by Euler DAO. This substantial budget highlights the protocol’s commitment to security in the DeFi sector, particularly through its modular design, which aims to reduce risks and improve reliability. …
Continue reading “Euler allocates $4 million for v2 protocol security, conducts 29 audits”
Onchain Highlights DEFINITION:The Puell Multiple is calculated by dividing the daily issuance value of bitcoins (in USD) by the 365-day moving average of daily issuance value. The Puell Multiple metric, which measures the ratio of the daily issuance value of Bitcoin to its 365-day moving average, dropped to 0.8 in April following the halving, signaling …
Continue reading “Bitcoin’s Puell Multiple struggles to recover post-April halving decline”
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys …
Continue reading “WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns”
On Aug. 12, 2024, the startup behind Perplexity, an AI-driven search engine and chatbot, revealed a new partnership with Polymarket, a blockchain-powered predictions market. With this integration, users searching for events on Perplexity will now find news summaries accompanied by real-time probability forecasts sourced directly from Polymarket. Perplexity and Polymarket Unite The AI-focused search engine …
Continue reading “AI Search Engine Perplexity Teams up With Predictions Market Giant Polymarket”
