Author: Tony Pearce
Animoca Brands Attracts $20M for Mocaverse Metaverse
Reading Time: < 1 minuteAn additional round of $20 million in common stock has been raised by Animoca Brands, a Hong Kong based blockchain gaming operator, for the Mocaverse metaverse project.
Accused of Organizing $27M Crypto Fraud Are Arrested in Thailand
Reading Time: < 1 minuteOver 3,280 victims were deceived by the bchgloballtd.com platform which is suspected of being involved in gold and USDT stablecoin investment frauds.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minuteJPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Apple Buys Film Rights to a Book About FTX Former CEO
Reading Time: < 1 minuteApple reportedly paid $5 million for the rights to film a book based on the story of the founder of the now-bankrupt crypto exchange FTX, Sam Bankman-Fried.
A Market Maker Loses $24M Due to Phishing Attack
Reading Time: < 1 minuteOn September 7, a major market maker involved in extensive trading experienced the most dramatic single-person wallet hack to date.
Polygon Management Team Says MATIC Was Not Dumped
Reading Time: < 1 minute10.6 million MATIC tokens seemed to have been transferred from two wallets believed to belong to the Polygon Foundation to Binance.
BTC Trading Volume Falls to Lowest Level Since October 2020
Reading Time: < 1 minuteIn August, the trading volume of BTC on centralized platforms fell to its lowest level since October 2020, amounting to $423 billion.
Bitcoin Will Reach $150,000: Expert
Reading Time: < 1 minuteRic Edelman, the founder of Edelman Financial Engines, believes that by the summer of 2025, the price of Bitcoin could reach $150,000.
Phishing Scheme Targeting MetaMask Users is Discovered
Reading Time: < 1 minuteMetaMask users must be wary of fraudsters as they are using government URLs from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other countries to deceive them and steal their assets.
Metaverse Market Size Will Reach $800B Next Year
Reading Time: < 1 minuteAccording to METAV.RS, the metaverse industry is projected to reach a capitalization of $800 billion in 2024, which translates to a growth of 1,600% from the current $47 billion.
Outflow from Crypto Funds Slows Down: Report
Reading Time: < 1 minuteFrom August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
Ethereum Co-founder Vitalik Buterin Sells $580K in MakerDAO Tokens
Reading Time: < 1 minuteAfter Rune Christensen proposed launching MakerDAO on the Solana blockchain, Ethereum co-founder Vitalik Buterin sold 500 MKR tokens for 353 ETH (~$579,000 at the moment).
More Than 50% of Turkish Residents Own Crypto: Survey
Reading Time: < 1 minuteBy 2022, the percentage of the Turkish population owning cryptocurrencies had risen to 40%.
Tom Lee: Bitcoin Will Soar to $185,000
Reading Time: < 1 minuteTom Lee of Fundstrat has told that the cost of the leading digital currency, Bitcoin, could reach $150,000 once exchange-traded crypto funds ETFs are allowed to be focused on the spot price of the currency.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minuteThe company, registered in the Bahamas, Britannia Bank, is its new partner through whom dollar transactions will be done in response to heightened regulations by the US and European Union on the movement of digital currency.
SEC Classifies NFTs as Investment Contracts
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has alleged that Impact Theory violated federal securities laws by selling investments in the form of unregistered non-fungible tokens (NFTs) under the name Founder’s Keys.
CoinSwitch Lays Off Third of Employees from its Support Team
Reading Time: < 1 minuteCoinSwitch, an India-based cryptocurrency exchange, has laid off 44 of its 126 customer service department employees.
Hong Kong Arrests Users for Laundering $15M Through Crypto
Reading Time: < 1 minuteHong Kong police have reportedly made 458 arrests in 314 money laundering cases involving approximately $60 million, of which a quarter is related to digital assets.
Binance Launches a Solution for Institutional Clients
Reading Time: < 1 minuteBinance has launched the MirrorX OTC settlement solution.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minuteLucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
US Presidential Candidate Francis Suarez Says Will Accept Salary in BTC
Reading Time: < 1 minuteUS Republican presidential candidate and Miami Mayor Francis Suarez has declared that if he were to win the election, he would be willing to take part of his salary in Bitcoin.
Coin Center Sends Comments to US Senate on Crypto Taxation
Reading Time: < 1 minuteIn response to a request from the US Senate Finance Committee, Coin Center provided proposals for the taxation of digital assets.
Aptos Launches a Flexible Token Standard
Reading Time: < 1 minuteThe developers of Aptos (APT) have officially unveiled their new Digital Asset (DA) standard tokens.
BTC Crash Leaves Only 12% of Speculators’ Coins in Profit: Report
Reading Time: < 1 minuteAn analysis conducted by Glassnode found that 88.3% of short-term investors have now become “unprofitable” due to Bitcoin’s biggest dip of the year so far by 7.2%.
Relative Strength Indicator Hits 2020 Records
Reading Time: < 1 minuteOn March 20, 2020, the Relative Strength Index (RSI) on the Bitcoin chart on CoinDesk showed a sharp change in prices with the cryptocurrency exchange rate at $4,000 due to the COVID-19 pandemic.
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