Bitcoin’s price failed to overcome the $62,000 level yesterday but has remained above $61,000 despite a brief hiatus to under $60,000. Several altcoins have produced notable increases daily, with AVAX leading the trend. The asset has soared to $26. BTC Still Above $61K The primary cryptocurrency fell hard at the end of the previous business…
Growing institutional adoption has reversed Avalanche’s recent downtrend for the moment. However, the market looks weak, and there may be more downside coming. According to data from CoinGecko, AVAX, Avalanche’s native token, surged over 10% to $26.46 after Grayscale and Franklin Templeton announced their expansion into the Avalanche network’s ecosystem. The price increase marks a…
Philippine police have arrested 99 individuals during a raid on a suspected scam hub in Parañaque City, uncovering a fraudulent cryptocurrency and romance scheme involving foreign and local workers. The company was unregistered and forced employees into compromising roles. Philippine Police Bust Crypto Scam Hub, Arrest 99 in Major Raid The National Capital Region Police…
The Dogecoin community has been put on alert following an important warning issued by Dogecoin developer Inevitable 360 about a fake account impersonating the Dogecoin Foundation on X. Coupled with this development and Dogecoin’s continued downward trend, several retail and whale investors are now selling their holdings and buying the trending Ethereum-based project, ETFSwap (ETFS).…
[PRESS RELEASE – Dubai, UAE, August 23rd, 2024] Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide. Revolutionizing Trading with Trade 2.0 Trade…
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency…
Bitcoin’s price has been on a rollercoaster throughout the past few days but it appears that, at least for now, the bulls have the upper hand. They were successful in reclaiming the important technical and psychological level of $60K and are currently attempting to push BTC above $61,000. Source: TradingView However, we are headed for…
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million…
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for…
[PRESS RELEASE – Zug, Switzerland, August 22nd, 2024] Indonesia’s First Government-Supported Web3 Program at Coinfest Asia 2024 Lisk, a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum, is excited to announce its new partnership with Gerakan Nasional 1000 Startup Digital, an initiative by the Indonesian government’s Directorate General of…