Hamster Kombat has finally announced the date of its long awaited airdrop. The community has been waiting for the last 3 months for this news. The Hamster team has been citing technical difficulties as the reason for this delay. Are you ready for your airdrop? The Dithered Hamster Community Hamster Kombat has been delaying the …
Hugo Hyungsoo Lee, the CEO of South Korean crypto-earning platform Haru Invest, was brutally attacked during a court hearing in Seoul. The attack took place in the Seoul Southern District Court, where Lee was seated at the defendant’s bench. Lee along with other executives, is accused of embezzling $826 million in cryptocurrency from approximately 16,000 …
During a recent disclosure, Ethereum co-founder Vitalik Buterin surprised the crypto community by revealing that he earns almost $139,500 from the Ethereum Foundation annually. Related Reading: $2 Billion Market Cap: Tokenized Treasuries Register Explosive Growth This revelation comes at a time when the Foundation’s spending habits have come under scrutiny and raise conversations of transparency […]
In a move to broaden access to Bitcoin (BTC) futures for retail investors, CME Group has unveiled a new, smaller-sized futures contract dubbed the “Bitcoin Friday Futures” (BFF). According to Bloomberg, the cash-settled BFF will be priced at one-50th the size of a full BTC, currently around $1,200 per contract. This is significantly more affordable […]
Over the past 24 hours, the crypto market has recorded a drop of 5.74%, from $2.22 Trillion to $2.08 Trillion, a loss of $140 Billion. Moreover, the market leader, Bitcoin price has plunged below the $60K level with a correction of 5.98%. Further, with a trading volume of $41.725 Billion, it has recorded a low …
Tonscan data shows that the Ton network has not generated any blocks for nearly 3 hours, and the latest block was generated at 06:11:46 UTC+8. This incident has caused great concern among Toncoin users and investors. In response to this situation, Binance has officially suspended all withdrawals via the TON network. Due to the network …
Bitcoin (BTC), the world’s biggest cryptocurrency experienced notable selling pressure after the closing of the US stock market, leading to a price drop of over 6%. The decline began as the bankrupt crypto lender Celsius repaid nearly $2.5 billion to its 251,000 creditors. Crypto Liquidations Hit $313 million Amid this selling pressure, top cryptocurrencies including …
On August 24, Pavel Durov, co-founder and CEO of Telegram, was arrested in France, sending immediate shockwaves through the crypto market as the value of Toncoin (TON) plunged. The arrest is notably significant given Telegram’s central role in the crypto industry as a primary hub for communications. However, the implications could be even more far-reaching. […]
The Telegram Open Network Society has one clear message: free Pavel Durov. Durov, the co-founder of Telegram, was arrested at Le Bourget Airport on August 24, sparking widespread concern. But what does this mean for the rest of us? Standing Up for Freedom Imagine waking up to find one of the champions of free speech …
Bitcoin began the week at $63,800 after concluding the previous week with a positive momentum, indicated by a green candle. According to analysis,Bitcoin is at a critical juncture, where its current price behavior closely mirrors past cycles. The price could continue to waddle in its current range, possibly testing lower levels like $61,000 before making …
Analyst Benjamin Cowen recently discussed the Ethereum (ETH) to Bitcoin (BTC) valuation, explaining its importance as a measure of the altcoin market’s health, especially as we approach 2025. He believes that Bitcoin dominance will decline by 2025, making it a good time to focus on ETH. The analyst has been tracking the ETH/BTC valuation for …
The Indian government has launched an investigation into the social media platform Telegram over concerns that it is being used for criminal activities such as extortion and gambling. The probe follows the arrest of the app’s CEO Pavel Durov in France over the weekend. Telegram Faces Potential Ban In India According to recent reports by Indian media outlets, the investigation is being led by the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs and the Ministry of Electronics and Information Technology. Related Reading: Bitcoin Market Update: Analyst Sees 65% Chance Of Retest Before Surge To $68,000 The report notes that Telegram boasts over 5 million registered users in India, making it one of the country’s most widely used messaging platforms. However, the government’s concerns stem from allegations that the app’s peer-to-peer communication features have been allegedly exploited by “bad actors to facilitate illicit activities.” The fact that Telegram does not have an office in India is reportedly complicating the government’s efforts to regulate and investigate the platform, despite the app’s compliance with India’s Information Technology (IT) Rules. Reports suggest that the app could even face a potential ban in India depending on the findings of the investigation. Durov Accused Of Allowing Criminal Activities The investigation in India has taken on added significance following the detention of Durov at the Paris-Le Bourget Airport on Saturday, as reported by Bitcoinist. Durov, who holds citizenships in Russia, France, the United Arab Emirates (UAE), and St. Kitts and Nevis, is reportedly being accused of failing to curb criminal activities on his platform in the European country. The French authorities have suggested that Telegram’s encryption tools have allowed criminals to “flourish” on the app. However, Telegram has pushed back, insisting that the company complies with European Union (EU) laws and content-moderation policies, and calling the claims “absurd.” The arrest has reportedly sparked a backlash from Russian politicians, with some suggesting that it could be “politically motivated.” Russia’s top human rights official, Tatyana Moskalkova, claimed that French authorities arrested Durov because they want to shut down the censorship-free platform. Toncoin (TON) Price Tumbles Amid these mounting legal troubles for the messaging app, Toncoin (TON), the cryptocurrency originally developed by Telegram, has seen losses of over 20% in the seven-day time frame and is currently trading at $5.39. However, in a 24-hour time frame, the token has also seen a price drop of nearly 8%, further demonstrating the bearish sentiment surrounding the TON price among investors after the news broke over the weekend. Related Reading: Here’s When Bitcoin Is Predicted To Break Its All-Time High If History Repeats CoinGecko data also shows that the token has also seen a 66% drop in trading volume and a 34% gap from its all-time high reached in June this year. Featured image from DALL-E, chart from TradingView.com
The Nigerian financial authorities recently announced their plan to overhaul the tax system to add crypto assets. The upcoming proposal, which aims to modernize the current policies and adapt to the evolving financial landscape, was praised by a Nigerian organization that called the efforts a “game-changing” move for the country’s economic growth. Related Reading: Crypto […]
The BTC ETF has kicked off the week on a positive note, with Blockrock’s “IBIT” recording the highest inflow of $224.1 million. Further, Franklin’s “EZET” has added $5.5 million, and WTree’s “BTCW” with $5.1 million. Notably, Ark, Invesco, and both Grayscale’s ETFs have recorded a neutral flow. On the flip side, Bitwise’s “BITB” recorded the …
Reportedly, the arrest of the CEO of Telegram has sparked a major concern among people for the freedom of speech and information. Following the arrest, the charges alleged against the CEO are involvement in illegal transactions, possession and distribution of minor pornography, denying requests for information on legal interceptions, involvement in narcotics trafficking, engaging in …
A dormant whale makes a comeback for $WIF with a significant move. The whale makes an entry after a month of silence and deposits 700K $WIF (valued at $1.25M) into MarginFi. The whale is using it as collateral to borrow 197K $USDC. With the borrowed funds, the Whale has acquired an additional 110K $WIF, increasing …
On August 27, 2024, the tap-to-earn token Dogs (DOGS token) gained massive attention from the crypto community following its listing on major centralized exchanges (CEXs) including Binance, HTX, ByBit, and OKX. Amid this listing, a smart trader made over a 400% return on the initial investment, as reported by an on-chain analytic firm lookonchain. Smart …
The overall cryptocurrency market is turning red and has experienced a 1.75% downside momentum. Amid this market downturn, institutions are looking to sell their crypto holdings. Institutions Dumped $35M Worth Ether On August 26, 2024, an on-chain analytic firm lookonchain made a post on X (Previously Twitter) that two institutions dumped over 12,882 Ethereum (ETH) …
Recent reports emerge showing infections in Mac computers—particularly from active crypto users. Two striking presence of malware in this case are the Banshee Stealer and the Cthulhu Stealer, developed to deceive users into transferring sensitive information, more like passwords and credentials to cryptocurrency wallets. Related Reading: Bitcoin Maxi, CEO Expects ‘$0.01 Million’ As Threshold For […]
After a significant price surge of over 7% on August 23, 2024, the Bitcoin (BTC) price has been moving in a tight range. In this ongoing consolidation, recently a crypto expert made a post on X (Previously Twitter) stating that if Bitcoin price comes to the $61,500 level, it would be an ultimate opportunity to …
The illegality of a bitcoin mining operation has recently attracted the attention of Thai authorities in the province of Ratchaburi, west of Bangkok. The August 23 raid followed string after string of complaints by locals over incessant power outages that had been ongoing for well over a month. It was discovered that the mining operation […]
The XRP price, despite struggling over the last few years due to the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), continues to enjoy a lot of support from the community. This has materialized in the form of countless bullish predictions that the altcoin will rally and regain its lost glory. […]
The Saint Petersburg and Moscow exchange (Russian Stock Exchange) has denied recent reports that it is preparing to launch a state-run cryptocurrency trading platform. Earlier this week, rumors circulated that both the St. Petersburg and Moscow exchanges were planning to introduce crypto services. However, the St. Petersburg Currency Exchange has clarified that it has no …
The recent Bitcoin downtrend has officially ended, signaling a potential shift in market momentum. As we examine the breakout, key price targets and support levels are coming into focus, along with critical resistance points that could shape Bitcoin’s next moves. Analyst Capo took to his Telegram handle and said that Bitcoin is showing signs of …
Is the cryptocurrency market stuck in ‘the calm before the storm’? What will happen when Bitcoin reclaims $70k levels? Right now, there’s a lot of bearish sentiment, but remember, we’re consolidating near all-time highs. We’re on the verge of a breakout, and time is ticking. Analysts across the industry are predicting that altcoins will begin …
It’s been a day over a month since Spot Ethereum Exchange Traded Funds (ETFs) launched, marking a significant milestone for the investment asset. Over this short period, Spot Ethereum ETFs have experienced varying levels of demand, with significant inflows during peak times and reduced market interest at other moments. Related Reading: Gold Tops $2500, Steals […]
As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community. On August 25, 2024, a crypto expert made a post on X (preciously Twitter) stating that if former President Donald Trump wins this election, Bitcoin will easily go to the $100,000 level. Bitcoin Price Could Reach …
Ripple’s native token XRP has formed a bullish inverted head-and-should price action pattern. This bullish outlook for XRP is gaining significant attention from the crypto community. However, this perspective emerged after a month of continuous struggles and the recent victory against the United States Security and Exchange Commission (SEC). XRP Price Prediction According to expert …
The global crypto market is experiencing a notable rise, with a surge in total market cap rising by about 4.8% over the last 24 hours to reach $2.26 trillion. Bitcoin, the leading cryptocurrency, has also seen a notable increase, with its price climbing to $64,961. This recent surge follows statements from FED chair Jerome Powell, …
On 23rd August, Blackrock’s “IBIT” recorded the highest inflow of $86.8 million, followed by Fidelity’s “FBTC” with $64 million. Notably, Grayscale’s “BTC” adds $50.8 million, Bitwise’s “BITB” adds $42.3 million, Ark’s “ARKB” adds $23.8 million, VanEck’s “HODL” adds $14.4 million, whereas Invesco and Valkyrie add $3.2 million and $2.3 million respectively. On the contrary, Grayscale’s …