Day: August 25, 2024

Toncoin (TON) Falls By 15% Following Telegram CEO’s Arrest

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The price of cryptocurrency Toncoin (TON) has experienced a steep decline following reports of the arrest of Telegram CEO Pavel Durov. Toncoin has been one of the best-performing digital assets in 2024, however, the altcoin has faced a rather turbulent period in the last two months. Toncoin Reacts To Telegram CEO’s Detention According to French source TF1 TV on Saturday, Telegram founder and CEO Pavel Durov was arrested at the Le Bourget airport in France after alighting from his private jet.  Durov, a 39-year-old Russian-born Emirati, has been reportedly detained…

Telegram CEO Pavel Durov Arrested in France, Toncoin (TON) Prices Plunge 14%

The warrant for his arrest stems from a criminal complaint by OFIM, an office of the French national police formed in November 2023, which considers Durov complicit because of Telegram’s lack of moderation, in drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram’s lack of moderation and cooperation with law enforcement, according to French network TF1. Source

Bitcoin (BTC) Long-Term Holders Locking Consistent Gains: A Sign Of Stability?

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In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024.  Related Reading The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity.  Additionally, valuable data from Glassnode reveals that long-term holders (LTH) are locking in consistent…

Story Protocol, Sorella, BSX Exchange

The crypto VC community turned out for several startups this week, including Story Protocol’s $80 million series B funding round. The week, between Aug. 18 and Aug. 24, has been buzzing with activity in the crypto venture capital space. According to crypto funding tracker Crypto Fundraising, 32 blockchain startups raked in more than $202 million from various investors in that period. Below we look at a few of the standouts. Story Protocol, $80 million Story Protocol raised $80 million in its series B round. Serial crypto VC firm Andreessen Horowitz…

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […] Source CryptoX Portal

Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures

Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often […] Source CryptoX Portal

Major Partnership Pushes OP Price By 24%

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As the market gains more bullish momentum, Optimism (OP) investors become more enthusiastic after this week’s price actions. According to CoinGecko, the token is up more than 24% since last week which is currently supported by the strong bullish sentiment present within the market.  Related Reading However, Optimism might have more surprises as the platform announces a major partnership that may turn the tide for Optimism with Sony entering the Web 3 and crypto space with Soneium, a venture with Startale Labs.  Sony Enters Web 3 With Soneium  In a…