Day: August 23, 2024

Spot Bitcoin ETFs see inflows of $64.8m, Ether ETFs outflows drop to $874k

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Spot Bitcoin ETFs have seen their sixth consecutive day of net inflows, while spot Ether ETFs continue to net outflows, adding to their six-day negative flow streak. According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $64.91 million in net inflows on Aug. 22, representing a jump of 65% compared to the $39.42 million net inflows seen on Aug. 21. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led the charge with reported inflows of $75.5 million, bringing its total inflows to date to $20.6…

What Does This Mean For BTC?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Sony Group Introduces Ethereum Layer-2 Blockchain Soneium

Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics. Soneium aims to mainstream Web3 technologies and integrate them into daily consumer applications, promising to enhance user experience with blockchain’s benefits. “Soneium, by Sony Block Solutions Labs is building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium will connect the blockchain technology (Web3) with the…

H1 2024 sees $630m in crypto losses, exchanges take biggest hit

Crypto losses nearly reached $630 million in the first half of 2024, with centralized exchanges hit hardest, according to Cyvers. The crypto market experienced a surge in losses, totaling over $629 million in the first half of 2024, doubling the amount from the previous year, as reported by analytical firm Cyvers. In an X post on Aug. 22, the firm highlighted that centralized exchanges were the primary targets, marking a significant shift in cyberattack focus. . https://twitter.com/CyversAlerts/status/1826603243868233899 One of the most significant incidents occurred in May when over $300 million…

This Triangle Pattern Triggered In 2021 Suggests XRP Price Will Surge 5,000% To $32

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The XRP price is trading around the psychological barrier of $0.60 after breaking through earlier in the week. Notably, XRP has exhibited interesting price action amidst wider market uncertainty, although many cryptocurrencies are starting to turn positive. While some market participants are still bearish on XRP, others are looking out for a very bullish trajectory. A crypto analyst has revealed an XRP technical analysis that many bullish proponents can resonate with. According to the analyst, XRP is set to surge to $32 in the coming months.  XRP Price Surge Of…

How to Make Bitcoin Spendable Again With Tectum Founder and Lead Architect Alex Guseff

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Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind, is the Lead Architect of Tectum and SoftNote. He recently joined the Bitcoin.com News Podcast […] Original

Trump Memecoins Soar 40% Amid RFK Jr. Endorsement Rumors

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Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…

Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain ‘Soneium’

The “first year is all about onboarding Web3 people, because technology-wise and the community-wise, it is a little bit early to onboard the general users,” Watanabe told CoinDesk. “And then phase two, within two years, we’re going to onboard Sony products, such as, Sony Bank, Sony Music, Sony Pictures and so on. So we would like to integrate Web3 and blockchain technology into Sony’s product. And in three years, we would like to onboard not only Sony, but also all enterprises and all general dapps on the top of it.”…

FBI Recovers $5 Million From Pig Butchering Crypto Scam

Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency Seized […] Source CryptoX Portal