The market is witnessing significant developments with Polkadot (DOT) and Cardano (ADA) garnering attention due to their latest collaboration. The ongoing development of a bridge between Polkadot (DOT) and Cardano (ADA) has sparked considerable excitement within the community. This partnership is seen as a crucial step towards creating a more integrated and efficient blockchain…
Following the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate…
Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed…
Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over a series of videos released in 2022 about the former’s failed CryptoZoo NFT project. The suit alleges that Findeisen “maliciously and repeatedly” made false statements accusing Paul of organizing a scam through CryptoZoo. “Defamatory Falsehoods” The court documents state, “Paul…
There have been some sharp, sharp declines recently. Bitcoin (BTC) dropped to around $60,000, raising concerns of an impending correction. Shock ETF data has highlighted a significant outflow from Bitcoin (BTC) exchange-traded funds, totaling over $1.1 billion since mid-June. Analysts attribute this to investor pessimism regarding potential interest rate cuts by the Federal Reserve. BlackRock,…
As 2024 nears, the crypto market is abuzz with three standout contenders: Axie Infinity (AXS), which is making a strong recovery with prices rising from $13 to $15, the newly launched Spot Ether ETFs expected to bring more volatility and BlockDAG’s remarkable $2 million giveaway. Unlike AXS’s unstable prices and the speculative impact of Ether…
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A…
Bitcoin’s price actions drove the asset to over $62,000 yesterday, but it failed to maintain its run and has retraced to under that level as of now. Several altcoins have outperformed substantially the largest digital asset, including DOT, AVAX, and SOL. BTC Stopped at $62K It hasn’t been a good week for the primary cryptocurrency…
Crypto industry leader Jesse Powell has made a significant donation of $1 million, primarily in ethereum, to Donald Trump’s presidential campaign. In a social media post, Powell cited the crypto industry’s struggles with regulation under the Biden administration, specifically naming Elizabeth Warren and Gary Gensler as obstacles. Powell expressed optimism that Trump’s pro-crypto stance will…
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are…