Month: August 2024

Crypto Startup Backed by Likes of Dragonfly Aims to Create Market to Trade Airdrop-Related Points

While various projects have seen real value brought by the accelerated growth from leveraging points programs, there have been issues around unmet promises and users getting airdrops and payouts from their point programs that are much less than they were expecting, said Rumpel Labs CEO Kenton Prescott – a former developer of MakerDAO. Meanwhile, there are users out there who want to get extra exposure to these projects, but have no way of getting that, Prescott added. Source

Crypto Analyst Says Cardano (ADA) Is Set For 1,000% Rally To $4.29, Here’s Why

boss

Cardano (ADA) has been stuck in a challenging position for the past few years, struggling with stagnant price growth despite being one of the most popular altcoins in the space. A crypto analyst has offered insights into why Cardano has underperformed while also maintaining an optimistic outlook and predicting a 1,000% rally to new highs this cycle.   Cardano On The Verge Of A 10X Rally Crypto analyst Max Maher recently released a YouTube video predicting that Cardano could witness a 3X, 5X or 10X surge soon. The analyst highlighted several…

Bitcoin Sets New Transaction Milestones as Top Ten Busiest Days Occurred in 2024

boss

In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic […] Original

Thailand raids illegal Bitcoin mine after frequent power outages

boss

Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month.  According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police, uncovered evidence of Bitcoin (BTC) mining rigs consuming large amounts of electricity. These grids were unregistered and were not being paid out or reported properly.  Power grid issues  Jamnong Chanwong, a chief district security officer, explained in the AFP report that the operation likely became fully operational in mid-July, coinciding…

Bitcoin Layer 2 Stacks readies for Nakamoto upgrade activation

boss

Stacks, the biggest Bitcoin layer-2 network, will be in the spotlight this week as the rollout of the Nakamoto upgrade starts. Stacks (STX) token was trading at $1.80 on Monday, Aug. 26, up by 68% from its lowest level in August.  The token will be in focus as developers begin rolling out the Nakamoto upgrade, the most significant event in the platform’s history. According to a recent X post by the developers, this upgrade is expected to be a game-changer for the network. It will reduce the average transaction time…

Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

boss

Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital […] Original

WazirX opens partial withdrawals for INR, reduces fees by 60%

Indian crypto exchange WazirX has re-launched INR withdrawals for “eligible users” and decreased withdrawal fees by 60%. Cryptocurrency exchange WazirX, which recently suffered a multi-million dollar hacker attack, has begun the first phase of INR withdrawals. In an X announcement, the Mumbai-headquartered trading platform said that starting from Aug. 26, all “eligible users” can withdraw “up to half of the available 66% limit of their INR balances,” implying that users can withdraw only 33% of their INR balances. 📢 INR Withdrawals Phase 1 Now Live All eligible users can withdraw…

The Fed’s Rate Cut Cushion Is Good News for Crypto

The red line is the difference in the spread we discussed above. Notice to the far right, in June 2022, the real rate of interest was -8.3%. In other words, policy was so weak, it had no effect on prices. At the time, the effective fed funds rate was close to zero while inflation growth peaked at 9.1%. So, shortly thereafter, the Fed started a series of aggressive rate hikes to get price growth back under control. Source

Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?

boss

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…