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The cryptocurrency markets have continued to bleed, with social media now showing historic levels of Fear, Uncertainty, and Doubt (FUD). It’s rare for an hour to pass without more mentions of “sell” than “buy” across crypto forums. In the past 24 hours alone, there have been several instances of this, including the highest ratio of … Read more
The BNB Chain’s Q2 2024 financial report reveals mixed results, with a slight underperformance in the income statement compared to the previous quarter. However, the market data tells a more positive story. BNB Chain Market Data Highlights Despite the income dip, BNB Chain’s circulating market capitalization grew by over 50% quarter-over-quarter and an impressive 95% … Read more
TRONDAO’s Q2 2024 financial report reveals significant growth across several key metrics, highlighting the platform’s expanding influence in the crypto space. TRON’s fees and revenue surged by $21.3 million compared to the previous quarter, reflecting a more than 52% year-over-year increase. This financial boost underscores the growing adoption and usage of the TRON network. The … Read more
The crypto industry experienced significant growth in Q2 2024, with over 10 million unique active wallets (UAW) created between April and June, marking a 40% increase from the same period last year, according to DappRadar. This surge in UAWs was observed across all industry segments, with SocialFi leading the charge. The rise of SocialFi highlights … Read more
Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key … Read more
The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of … Read more
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National … Read more
A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive … Read more
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor … Read more
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve … Read more