Day: August 15, 2024

Schumer Sets Stage for New Era of U.S. Crypto Politics

“We succeeded in spotlighting our big tent and showing that crypto is not just the loudest MAGA crypto bros you see online,” G Clay Miller, one of the organizers, told CoinDesk in an interview. (Miller, a former Senate staffer, has a job in the crypto industry working for a leading digital assets advisory firm, but says his political work is separate.) Miller said 15,000 people registered ahead of the town hall and that 1,000 were in attendance at any one time. The organizers’ main goal was to show the outside…

Telegram mini-app TON Turbo allegedly an exit scam

After many users raised concerns about withdrawals, a Telegram mini-app called TON Turbo began scrubbing its digital footprint. TON Turbo, a project built atop The Open Network, offers users so-called Toncoin (TON) mining rigs to generate profits by depositing crypto via a Telegram chat box. The mining rigs promised nearly doubled returns on the initial capital, with an opportunity to earn TON and prominent memecoin Shiba Inu (SHIB). TON Turbo mining CTA | Source: Telegram However, several aspiring miners using the platform reported withdrawal difficulties. Replies on the project’s Telegram…

Aptos (APT) Inks 25% Gain After Hitting A New Milestone

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Aptos (APT) goes against the market’s general downward momentum. According to CoinGecko, the token is up more than 25% since last week, a good sign despite the broader market dipping by 3% in the past 24 hours.  Related Reading The network is breaking new ground today. The Aptos main X account recently announced that their platform achieved a new high in transactions per second (TPS), a metric that is based on how fast the network can process transactions without any downtime. This win shows that Aptos can punch above its…

Bitcoin’s path of least resistance is to the downside, says Wolfe Research

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Bitcoin is down more than 11% for the month, even after its bounce back from the recent broad market sell-off — but it still may fall further before testing new highs, according to Wolfe Research. On Thursday evening, bitcoin fell below $60,000, after sustaining that level for much of this week following the big sell-off and rebound in risk assets the week before. And even though the flagship cryptocurrency is still holding on to a year-to-date gain of about 36%, according to Coin Metrics, there’s little evidence that it’ll be…

Tron Bullish Rebound At Support Level Signals Potential Upside To $0.1443

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Tron (TRX) is showing strong bullish momentum after a significant rebound at a key support level. This recent shift in momentum suggests that the $0.1443 target is now within reach. As the bullish optimism around Tron’s price continues to grow, traders are closely watching to see if the price could sustain its bullish momentum to reach the $0.1443 level. In this article, we will analyze Tron’s current price movement following the rebound at $0.1259, evaluate the significance of the $0.1443 target, and assess implications for future growth. Tron is currently…

Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable

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Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s […] Original

NYSE American axes bid for spot Bitcoin ETF options

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NYSE American LLC withdrew its regulatory rule change proposal, which sought permission to list spot Bitcoin ETF options.  According to a filing with the U.S. Securities and Exchange Commission, the national exchange applied for options of the Bitwise Bitcoin (BTC) exchange-traded fund and Grayscale’s converted BTC ETF. NYSE American also proposed options on spot Ethereum (ETH) ETFs offered by the two issuers, as did BlackRock for its fund. After filing for rule changes to list and trade spot BTC ETF options on July 19, NYSE American withdrew its application on…

Making Bitcoin Mining Work in 2024: The Role of DeMi Token

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As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable today and how the DeMi Token is redefining access to this opportunity. The Evolution of Bitcoin Mining In the early days, […] Original

Man Sentenced to Prison After Spending Most of $6,900,000+ Mistakenly Sent by Major Crypto Exchange: Report

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A 39-year-old cryptocurrency enthusiast who splurged millions worth of erroneously transferred funds will reportedly spend three years in prison after pleading guilty in a court in Australia. Local news site News.com.au reports that in 2021, Jatinder Singh tried to deposit around $65 into his Crypto.com portfolio using his then-partner Thevamanogari Manivel’s Commonwealth Bank account. The transfer was rejected because the names did not match, but when Crypto.com refunded Singh, the exchange sent $6.91 million because a staff member mistakenly typed Manivel’s bank account number instead of the $65 in the…