Day: July 25, 2024

End Of The Road? Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts

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The Shibarium network, an Ethereum Layer 2 network that was developed and launched by the Shiba Inu team, did well following its initial launch in August 2023. However, less than one year following its launch, the Layer 2 network has run into some hard times, losing market share to larger counterparts. This has led to a decline in activity for the network as a whole, and so far this week, the Shibarium network has seen a major decline in active accounts. Shibarium Active Accounts Drop 80.3% In 4 Days The…

Bitcoin Slides After Wednesday’s Tech Rout

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Bitcoin (BTC) fell to just above $64,000 amid a stock market rout and weakening sentiment for risk assets, including cryptocurrencies. The plunge led to over $250 million worth of bullish bets being liquidated, the worst hit since early July. Bitcoin is priced around $64,200 at the time of writing, a drop of almost 3.5% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has fallen 5.6%. The slump follows the tech-heavy Nasdaq 100 index posting its biggest drop since 2022 after…

Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks, Illicit Drug Sales in 2023: TRM Labs

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Coinbase (COIN) Unit CBPL Fined $4.5M by UK’s FCA for Money Laundering Lapses, Serving High-Risk Customers

“Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers,” the FCA said in a release on Thursday. “Approximately 31 per cent of these customers deposited around USD $24.9 million. These funds were used to make withdrawals and then execute multiple cryptoasset transactions via other Coinbase Group entities, totalling approximately USD $226 million.” Source

Bitcoin (BTC), Stocks Bleed as China Surprise Interest-Rate Cut Signals Panic, Treasury Yield Curve Steepens

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“Equity futures are stable after yesterday’s bloody session that shook views across all asset classes,” Ilan Solot, senior global strategist at Marex Solutions, said in a note shared with CoinDesk. “The decision by the PBoC to cut rates in a surprise move only added to the sense of panic.” Marex Solutions, a division of global financial platform Marex, specializes in creating and distributing customized derivatives products and issuing crypto-linked structured products. Original

Will the Bears Continue to Rule?

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Bitcoin 2024 in Nashville starts today: what to expect

Bitcoin 2024 in Nashville is about to kick off, with industry attention centered on former President Donald Trump’s keynote address on Bitcoin and the whole crypto industry. Hours left before the Bitcoin Conference in Nashville, Tennessee, kicks off, bringing together key industry figures from the crypto world and and high-profile politicians for a comprehensive look at the market. The most attention is focused on former President Donald Trump, who is expected to deliver a “historic message,” event organizer and BTC Inc. chief of staff Brandon Green told media. Despite the…

Bitcoin Nashville starts today: what to expect

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Bitcoin Nashville is about to kick off, with industry attention centered on former President Donald Trump’s keynote address on Bitcoin and the whole crypto industry. Hours left before the Bitcoin Conference in Nashville, Tennessee, kicks off, bringing together key industry figures from the crypto world and and high-profile politicians for a comprehensive look at the market. The most attention is focused on former President Donald Trump, who is expected to deliver a “historic message,” event organizer and BTC Inc. chief of staff Brandon Green told media. Despite the hype, the…

Web3 Infrastructure Platform Caldera Raises $15M in Early-Stage Funding

Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus […] Source CryptoX Portal

Morpheus, Decentralized AI Project From Lumerin, Goes Live on Arbitrum Test Network

“Being Web3 native, the user can buy or sell crypto, send stablecoins, access smart contracts and use dapps and DeFi services, which no LLM is connected to today,” the white paper reads. “Regulatory barriers faced by centralized companies prevent them from offering these tools to users, so their models can chat about tasks but not act on the user’s behalf in a Web3 context.” Source