BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

Advertisements The viral token reached an $80 million market capitalization earlier this month before falling 90%. The mysterious developer behind bald (BALD), one of the most viral tokens in recent months, yesterday transferred some $12 million in ether (ETH) back to the Ethereum network – weeks after bald ran up to an $80 million capitalizationContinue reading “BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up”

Donald Trump Holds Up to $500K in Crypto

Advertisements The former U.S.president launched a NFT series last year. Former U.S. president Donald Trump holds up to $500,000 in an Ethereum wallet, a recently released filing with the U.S. Office of Government Ethics revealed. Trump, who is running for the oval office again in 2024, has been a long standing crypto skeptic. However, heContinue reading “Donald Trump Holds Up to $500K in Crypto”

XRP’s Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

Advertisements Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange. XRP temporarily surged to $50 on crypto exchange Gemini, which rocketed the token’s market capitalization to trillions of dollars if only for a a few minutes. Prices shot up to those levels for a few minutes at 20:30 pmContinue reading “XRP’s Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini”

Matrixport’s Bitcoin Greed and Fear Index Indicates Upswing Ahead

Advertisements The index has a solid track record of marking trend changes in the bitcoin market. Crypto services provider Matrixport’s proprietary Bitcoin Greed and Fear Index, which has a solid track record of marking trend reversals, is signaling a bull revival in bitcoin (BTC) The Greed and Fear Index measures investor sentiment, with above 90%Continue reading “Matrixport’s Bitcoin Greed and Fear Index Indicates Upswing Ahead”

UK’s Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime

Advertisements The U.K. recently passed the Financial Services and Markets Act 2023 into law which gave the BoE powers to set up a systemic stablecoin regime. The Bank of England (BoE) plans to carry on with its plans for a systemic stablecoin regime a consultation response showed on Monday. The consultation set out that systemicContinue reading “UK’s Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime”

Fake PayPal USD Tokens Pop up on Several Blockchains

Advertisements Some of these tokens can’t be sold after purchase, while some can pull the rug at any moment. Scammers are trying to defraud unsuspecting users, capitalizing on PayPal’s (PYPL) recently launched dollar-pegged PayPal USD (PYUSD) stablecoin, by issuing fake tokens on various networks. Over 66 fake tokens have propped up on networks, such asContinue reading “Fake PayPal USD Tokens Pop up on Several Blockchains”

Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment

Advertisements A public bounty is now open for finding the remaining funds with a $1.8 million reward. Whitehats hackers and attackers have returned over 73% of all funds stolen from Curve Finance after its early August exploit. The relatively swift recovery has bolstered sentiment for CRV tokens, which have pared most of the losses fromContinue reading “Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment”

Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China

Advertisements Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai’s exchanges. Hong Kong lawmaker Johnny Ng said he hopes there will be discussions exploring the possibility of connecting virtual asset platforms in Hong Kong with digital asset exchanges in Shanghai. In an interview with The Paper, a Chinese media outlet,Continue reading “Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China”

Crypto Options Volume on CME Rose to Nearly $1B in July: CCData

Advertisements The increase in BTC options volume on the CME suggests that institutions might be hedging their positions. Derivatives giant Chicago Mercantile Exchange (CME) recorded double-digit growth in crypto options trading volume in July, helped by investor appetite for hedging tools. Trading activity rose 24% to $940 million, registering the first increase in four months,Continue reading “Crypto Options Volume on CME Rose to Nearly $1B in July: CCData”

FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings

Advertisements Liquidating FTX Dubai under UAE law would make way for the timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings. Bankrupt crypto exchange FTX wants to exclude its Dubai unit from the wind-down proceedings in the U.S., according to court filings from Thursday. When FTX filed for bankruptcy in theContinue reading “FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings”

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