Ether (ETH) outperformed by a hair, falling 4% over the past day, but longer-term, the second-largest crypto has seen its price relative to bitcoin plunge 21% this year to its lowest level since April 2021. At $2,490 at press time, ether’s 2024 year-to-date advance has narrowed to just 9% versus bitcoin’s 39% rally. Source
Month: August 2024
Binance CEO Richard Teng Rejects Allegations the Exchange Froze All Palestinians’ Funds
In his post, Youssef included a letter in Hebrew from Paul Landes, head of Israel’s National Bureau for Counter Terror Financing, together with a translation. The letter rejects an appeal against a seizure order dating from Nov. 1, 2023, and says funds were transferred from the Dubai Exchange Company in the Gaza Strip to cryptographic wallets “yours among them.” The letter doesn’t identify the recipient. The Dubai Exchange Company was designated a terror organization in 2022, it says. Source
Bloomberg and Better Markets Are Wrong About Crypto
It seems fairly obvious to fair-minded observers that after over a decade of the cryptocurrency currency trading makes it unlikely it’s going away anytime soon, as much as some may want that. Given that, you would think the reasonable person would say, “let’s properly regulate these products.” It is not true that crypto doesn’t face a myriad of state and federal regulations. What is true is that, as long as an enforcement-only regulatory approach is taken, the U.S. will see jobs move overseas, innovation will be hampered and crucial decisions…
Coinflip Expands Cryptocurrency ATM Services to Mexico
Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico, marking its second expansion in North America. The latest expansion follows the company’s entry into the Canadian market in 2022. Coinflip Introduces Digital Currency Kiosks in Mexico Coinflip, a U.S.-based digital currency platform, has introduced its crypto ATM […] Source
Blur, Tensor Token Prices Dip on SEC Wells Notice to NFT Marketplace OpenSea
Adding to earlier losses alongside a broad crypto decline begun Tuesday evening U.S. hours, Blur (BLUR) fell another 5% in the minutes following the news before a modest bounce. It’s now down 10% over the past 24 hours. Tensor (TNSR), a Solana-based NFT marketplace aggregator, also traded 3% lower. The token’s price was down nearly 9% over the past 24 hours. The broader CoinDesk 20 Index was lower by 4% over the same time frame. Source
PlayDoge Whale Investor Adds MPEPE To Investment Portfolio, Here’s Why
In the ever-evolving world of cryptocurrency, investors are constantly on the lookout for opportunities that promise high returns with innovative projects. Recently, a significant development in the crypto space caught the attention of many: a PlayDoge (PLAY) whale investor has added Mpeppe (MPEPE) to their investment portfolio. This move has raised eyebrows and piqued the interest of both PlayDoge and Mpeppe (MPEPE) communities. But what drove this whale to diversify into Mpeppe (MPEPE)? Let’s dive into the reasons behind this strategic investment decision. The Success of PlayDoge (PLAY) Before delving…
PlayDoge Investors Add MPEPE To Watchlist As PlayDoge Rival Surges 322%
In the fast-paced world of cryptocurrency, savvy investors are always on the lookout for the next big thing. With the recent surge of interest in play-to-earn (P2E) games and meme tokens, two new players have caught the attention of the crypto community: PlayDoge (PLAY) and Mpeppe (MPEPE). Both of these tokens are rapidly gaining momentum, with PlayDoge nearing the end of its highly successful presale, and Mpeppe making headlines with a staggering 322% surge. As PlayDoge investors start to take notice of Mpeppe, it’s becoming clear that these two tokens…
Telegram CEO Pavel Durov Set to Appear in French Court After Weekend Arrest
According to a charge sheet published by French authorities earlier this week, Durov is being charged with being complicit in the administration of an online platform allowing illicit transactions, refusing to comply with police requests for documents or other communications in ongoing investigations, being complicit in the dissemination of child exploitation material and a host of other charges. Source
Cryptoquant Report Reveals Faltering Global Bitcoin Demand Despite Recent Spike
A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s price […] Original
Solana Blockchain Suffers A Major Decline In Transaction Fees, What’s Driving It?
The Solana Blockchain, one of the leading networks in the dynamic world of cryptocurrency, has witnessed a significant decline in transaction fees in tandem with the general decline in the cryptocurrency market. This raises worries about how the current market downturn may affect Solana’s ecosystem and prospects for long-term growth. Solana’s Daily Transactions Fees Drops Nearly 100% In a recent post on the X (formerly Twitter) platform, Kyle Doops, a market expert and host of the Crypto Banter show, pointed out that the daily transaction fees on the Solana blockchain…