Browsing yearly archive

2024

Polymarket in focus as CFTC is pushed to ban gambling on US elections

Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals’ bets. Polymarket, a predictions market operating on the Polygon blockchain, has come under scrutiny as US lawmakers intensify efforts to ban gambling on American elections. […]

Bitcoin tumbles, tests $49,000, amid major crypto selloff

Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and Japan’s rate hike trigger market turmoil. FBI warns of rising crypto scams during increased market volatility. The cryptocurrency market has experienced a significant downturn today, shedding approximately $270 billion in value over 24 hours […]

Bitcoin network difficulty reaches record high amid price volatility

Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security. Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000 Bitcoin has set a new record for network difficulty, reaching 90.67 trillion on […]

Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and […]

Bitflow integrates swap function into Leather Wallet

Bitflow integrates its swap function into the Leather wallet for 370,000 users. The partnership enhances user experience and broadens Bitcoin DeFi accessibility. Integration guarantees the best swap rates across various DEXs on Stacks. Bitflow, a decentralized exchange (DEX) that enables users to trade and earn using their Bitcoin, has announced the integration of its swap […]

Bitcoin falls to $62k as crypto mirrors stocks crash

Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1. Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East. Bitcoin price crashed 10% to trade to near $62k on Thursday as August began on a painful footing for cryptocurrencies […]

M2 crypto exchange to allow UAE residents to trade crypto using bank accounts

M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that […]

Coinbase, Google veterans secure $5M to build ‘blockchain’s LinkedIn’

Icebreaker, an open professional network co-founded by Coinbase and Google veterans, has raised $5 million in a seed round to build the blockchain’s version of LinkedIn. Dan Stone and Jack Dillé, co-founders of Icebreaker, announced they secured the funding in a round led crypto-native investment firm CoinFund. Icebreaker will use the funds to assemble a […]