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Curious stories and rumors, stock markets, AI, economy. All alternative developments in one place.

U.S. Election Impact on Cryptocurrency Analysis by CoinShares Report

CoinShares recently analyzed how the upcoming US elections could impact the cryptocurrency industry.

15.08.2024 11:00 1 min. read Alexander Stefanov

Crypto Wallet Exodus Sees Significant Revenue Growth

Exodus, the cryptocurrency wallet service, saw a notable surge in revenue for Q2 2024, reporting an 80% increase year-over-year to $22.3 million.

15.08.2024 11:30 1 min. read Alexander Stefanov

Gold ETFs Attract $3.7 Billion in July, Highest Inflows Since 2022

In July, global gold exchange-traded funds (ETFs) saw their largest inflows since April 2022, according to a report by Ernest Hoffman for Kitco News.

14.08.2024 21:45 1 min. read Kosta Gushterov

USDT Supply on Crypto Exchanges Has Reached a Record Level – What Is the Reason?

As of August 13, Tether (USDT) balances on crypto exchanges reached a record high of $20.339 billion, signaling that investors may be preparing to channel them into other cryptocurrencies ahead of the U.S. Federal Reserve’s upcoming interest rate decision in September.

14.08.2024 21:30 1 min. read Kosta Gushterov

Coinbase Returns to Hawaii After 7 Years as State Eases Crypto Regulations

Coinbase, the largest publicly traded crypto exchange in the US, has reestablished its presence in Hawaii after a seven-year hiatus.

14.08.2024 23:00 1 min. read Kosta Gushterov

New MetaMask Debit Card to Roll Out in Europe and UK

MetaMask, a leading self-custodial wallet for Ethereum, is debuting a new blockchain-based debit card in partnership with Mastercard and Baanx.

14.08.2024 16:52 1 min. read Alexander Stefanov

BREAKING: U.S. Inflation Data is Out – Here is What You Should Know

Probably the most important U.S. inflation indicator, the Consumer Price Index (CPI), just came out.

14.08.2024 15:30 2 min. read Alexander Stefanov

Riot Platforms Boosts Stake in Bitfarms to 18.9% Amid Ongoing Tensions

Riot Platforms has increased its stake in Canadian Bitcoin mining company Bitfarms Ltd. to 18.9%, thereby strengthening its influence over the company.

14.08.2024 19:30 1 min. read Alexander Stefanov

Crypto.com Partners with UEFA Champions League as Global Sponsor

Crypto.com has made headlines as the first cryptocurrency platform to secure an exclusive deal with the UEFA Champions League.

14.08.2024 16:00 1 min. read Alexander Stefanov

Hamster Kombat Chooses Community Over Venture Capital Amid Surge in Popularity

Hamster Kombat, a rising star in the crypto gaming arena, has surged to over 300 million users and made headlines with its record-breaking HMSTR token airdrop.

14.08.2024 13:00 1 min. read Alexander Stefanov

Bitcoin Mining Pool CEO to Lead SpaceX’s Historic Polar Spaceflight

Chun Wang, the founder and CEO of the renowned bitcoin mining pool f2pool and blockchain validator firm Stakefish, will lead an unprecedented human spaceflight mission to fly over the North and South Poles, orchestrated by SpaceX.

14.08.2024 9:00 1 min. read Alexander Stefanov

Bitget Wallet Surges to 1.6 Million Downloads, Overtaking MetaMask

Bitget Wallet, the self-custodial crypto wallet from the Bitget exchange, has outpaced MetaMask in app downloads for July 2024.

14.08.2024 8:00 1 min. read Alexander Stefanov

Ark Invest Doubles Down on Robinhood Amid Market Dip

Ark Invest, led by Cathie Wood, has significantly increased its stake in Robinhood by purchasing 45,792 shares, valued at over $800,000, during a recent market downturn.

13.08.2024 18:15 1 min. read Alexander Stefanov

Coinbase Clashes With SEC Over Crucial Documents in Ongoing Lawsuit

Coinbase is intensifying its legal battle with the Securities and Exchange Commission (SEC), seeking key documents through a discovery request that the SEC has been blocking.

13.08.2024 21:00 1 min. read Alexander Stefanov

Venture Capital Boosts Crypto Startups in Q2

In Q2 2024, crypto startups saw a slight rise in venture capital funding, despite fewer deals, according to Pitchbook.

13.08.2024 20:00 1 min. read Alexander Stefanov

Why Investors Are Turning to Bonds During Economic Uncertainty

In 2024, the stock market has been influenced by two opposing trends: the S&P 500’s strong performance driven by major tech companies and growing recession concerns fueled by fears of an AI bubble, high interest rates, and escalating national debt.

13.08.2024 16:00 1 min. read Alexander Stefanov

Citigroup’s Global Head of Digital Assets Resigns for New Venture

Shobhit Maini, Citigroup’s global head of digital assets, has stepped down from his position after over 14 years with the bank.

13.08.2024 15:30 1 min. read Alexander Stefanov

Musk and Trump Discuss Key Issues but Skip Crypto

On Monday, Elon Musk and former President Donald Trump held a highly anticipated interview, tackling various subjects including inflation, trade, and nuclear energy.

13.08.2024 14:30 1 min. read Alexander Stefanov

Financial Expert Foresees Huge Drop in Crypto Markets Amid U.S. Bubble Burst

A well-known economist who previously forecasted signs of economic strain in the U.S. by mid-2024 now anticipates a severe collapse in the cryptocurrency market.

13.08.2024 15:00 1 min. read Alexander Stefanov

Euler Secures $4M for V2 Protocol Safety Upgrade

Euler, a DeFi lending protocol, has finalized an extensive security review for its upcoming Euler v2 protocol, backed by a $4 million investment from Euler DAO.

13.08.2024 11:30 1 min. read Alexander Stefanov

Kamala Harris’ Poll Lead Linked to Bitcoin’s Price Drop, Analysts Say

According to a recent Bernstein report, Kamala Harris’ unexpected lead over Donald Trump in presidential polls seems to coincide with a decline in Bitcoin prices.

13.08.2024 9:30 1 min. read Alexander Stefanov

Failed Crypto Hedge Fund Seeks $1.3 Billion for Terra Collapse in 2022

Three Arrows Capital’s liquidators are now pursuing $1.3 billion from TerraForm Labs following the 2022 collapse of Terra (LUNA).

13.08.2024 8:30 1 min. read Alexander Stefanov

Argo Blockchain Clears Massive Loan, Steers Clear of Bankruptcy

Argo Blockchain has successfully paid off a $35 million loan from Galaxy Digital, which it took out in 2022 to avoid bankruptcy during a tough period for cryptocurrencies.

13.08.2024 12:00 1 min. read Alexander Stefanov

Did Institutional Investors Cause the Bitcoin Market to Drop Again?

Bitcoin (BTC) began the week with a decline, likely influenced by data from the US and actions by institutional investors.

12.08.2024 20:00 1 min. read Alexander Stefanov

Trump May Drop Out of 2024 Race According to Crypto Expert

Anthony Scaramucci, once a Trump advisor and now a critic, has stirred up the political scene with a bold prediction: he believes Trump may withdraw from the 2024 presidential race.

12.08.2024 21:00 2 min. read Alexander Stefanov

Crypto Exchange Binance and Social Media X Blocked in Venezuela

The Venezuelan government has recently imposed restrictions on several online platforms, including the cryptocurrency exchange Binance and the social media network X, amid political unrest following the recent presidential election.

12.08.2024 16:08 1 min. read Alexander Stefanov

Nigerian Lawyer Challenges Government’s Crypto Restrictions in Court

Nigerian attorney James Yutudor has initiated a legal battle against the government over its stringent cryptocurrency regulations.

12.08.2024 11:00 2 min. read Alexander Stefanov

Most Critical Moment for Crypto Has Passed, According to Expert

Veteran investor Tom Lee thinks the worst of the recent market correction is probably over.

12.08.2024 9:30 1 min. read Alexander Stefanov

SEC Postpones Verdict on Groundbreaking Bitcoin-Ethereum ETF

The US Securities and Exchange Commission (SEC) has decided to delay its ruling on a dual cryptocurrency spot ETF submitted by Brazilian firm Hashdex.

12.08.2024 10:00 1 min. read Alexander Stefanov

Venture Capitalist Predicts Massive Crypto Growth in Next Five Years

Venture capitalist Preston Pysh anticipates significant exponential growth in the crypto sector over the next five years.

11.08.2024 16:00 1 min. read

Tether CEO Warns EU’s MiCA Regulation May Increase Financial Risk

Tether’s CEO, Paolo Ardoino, has raised alarms about the European Union’s new Market for Crypto Assets (MiCA) regulation, suggesting it might increase systemic risk rather than provide stability.

11.08.2024 13:00 1 min. read Alexander Stefanov

CFTC Awards Over $1 Million for Crypto Trading Whistleblower Tip

CFTC recently awarded over $1 million to a whistleblower who reported “improper trading” activities in the crypto market. The tip led to an enforcement action by the CFTC.

11.08.2024 11:00 1 min. read Alexander Stefanov

Top U.S. Banks Under Federal Investigation – Here is Why

Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.

11.08.2024 10:00 1 min. read Alexander Stefanov

Cardano Founder Warns Against Voting for Kamala Harris Due to Crypto Policies

Charles Hoskinson, founder of Cardano, recently warned that supporting Kamala Harris in the upcoming presidential election would be detrimental to the US crypto industry.

11.08.2024 9:00 2 min. read Alexander Stefanov

Wall Street Awaits Fed’s Decision on Interest Rate Cut

Many analysts on Wall Street are predicting that the Federal Reserve might implement its first interest rate cut in September, based on the CME FedWatch tool.

11.08.2024 8:30 1 min. read Alexander Stefanov

Bankrupt Crypto Lender Sues Tether for Over $2 billion

Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, accusing them of engaging in “fraudulent” and “preferential” transfers involving over $2 billion in Bitcoin (BTC).

10.08.2024 18:28 2 min. read Alexander Stefanov

Shiba Inu Developer Takes a Jab at Dogecoin, Hints at SHIB’s Dominance

Shytoshi Kusama, the lead developer of Shiba Inu, has recently reached out to the SHIB community to affirm its dominance over Dogecoin.

10.08.2024 21:00 2 min. read Alexander Stefanov

Nvidia CEO Continues Massive Share Sell-Off Amid Market Shifts

Nvidia CEO Jensen Huang has recently sold $49 million worth of NVDA shares, continuing a significant divestment trend.

10.08.2024 20:00 1 min. read Alexander Stefanov

Uniswap Usage on Ethereum Layer-2 Doubles in a Month

The number of Ethereum layer-2 wallet addresses using Uniswap’s decentralized exchange nearly doubled last month compared to June.

10.08.2024 9:30 1 min. read Alexander Stefanov

OKX Can Freeze Your Funds if You Send Them to This Crypto Platform

OKX CEO Star Xu has warned users about the risks surrounding the sanctioned crypto mixer Tornado Cash.

10.08.2024 9:00 1 min. read Kosta Gushterov

Elon Musk’s X With an Important Solution for Consumer Data in Europe

Elon Musk-owned platform X has agreed to stop collecting and processing user data in the European Union (EU).

09.08.2024 19:30 1 min. read Kosta Gushterov

Virtual Banks May be a Better Service Option for Web3 Companies

Hong Kong’s virtual banks are at a pivotal moment, currently holding just 0.3% of all retail banks’ assets and occupying a negligible share of the financial market.

09.08.2024 20:30 1 min. read Kosta Gushterov

How to Protect Yourself From Fed’s “Criminal” Policy, According to Robert Kiyosaki

Robert Kiyosaki, renowned investor and author of the best-selling book “Rich Dad, Poor Dad,” has issued warnings about the actions of the United States government, specifically the Federal Reserve and the Treasury Department.

09.08.2024 17:00 2 min. read Alexander Stefanov

SEC to Appeal Court Ruling in Ripple Case

The SEC is expected to appeal the recent court ruling in favor of Ripple Labs, focusing on the classification of XRP’s secondary sales as securities.

09.08.2024 14:00 1 min. read Alexander Stefanov

Fed Targets Bank Over Risk Management Issues

On Thursday, the U.S. Federal Reserve announced an enforcement action against Customers Bancorp (CUBI.N) due to “significant deficiencies” in the bank’s risk management and anti-money laundering practices.

08.08.2024 19:52 1 min. read Alexander Stefanov

Analyst Predicts Major NFT Comeback This Market Cycle

A prominent crypto analyst predicts a major comeback for the NFT sector in the current market cycle.

08.08.2024 10:00 1 min. read Alexander Stefanov

USA is Dodging Bullets With the Recession, but for How Long?

Concerns about a potential US recession have intensified following a global stock market drop and a weaker-than-expected jobs report.

09.08.2024 9:00 2 min. read Alexander Stefanov

U.S. Recession Risk at 35% Despite Market Volatility, Says JPMorgan CEO

JPMorgan Chase CEO Jamie Dimon recently commented on the US economy, saying that it has “not entered a recession at all” despite the market volatility seen this week.

08.08.2024 15:10 2 min. read Alexander Stefanov

NFT Marketplace to Shut Down Amid Market Challenges

Immutable, a key player in the NFT and blockchain gaming space, is closing its NFT marketplace on August 13, with a full redirection by September 27.

08.08.2024 19:00 1 min. read Alexander Stefanov

Binance Labs Invests in Solana Staking Protocol

Binance Labs, the venture capital division of the world’s largest crypto exchange, has announced a new investment in Solayer, a staking protocol built on the Solana blockchain.

08.08.2024 18:00 1 min. read Alexander Stefanov

Risks of Crypto Donations in Trump’s Campaign

For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. Former President Donald Trump has made a surprising pivot, now embracing digital assets and even suggesting that all remaining Bitcoin should be mined in the U.S.

08.08.2024 16:00 2 min. read Alexander Stefanov

Michael Saylor Reveals $1 Billion Bitcoin Holdings

In a recent Bloomberg interview, Michael Saylor, Chairman of MicroStrategy, disclosed that his Bitcoin holdings are valued around $1 billion.

08.08.2024 15:00 2 min. read Alexander Stefanov

Robinhood Reports 40% Revenue Growth and Record Deposits in Q2

Robinhood’s second-quarter earnings showed significant growth, with revenue reaching $682 million, a 40% increase from the previous year.

08.08.2024 12:00 2 min. read Alexander Stefanov

Bank of Japan Sticks to Easing Policy Despite Global Economic Challenges

The Bank of Japan (BoJ) has decided to keep its monetary policy unchanged, avoiding both rate hikes and cuts.

08.08.2024 10:00 1 min. read Alexander Stefanov

Binance’s Latest Tokens Tank: What’s Behind the Massive Losses?

In 2024, Binance has added 30 new tokens to its platform, but the results have been largely underwhelming.

08.08.2024 9:00 1 min. read Alexander Stefanov

Ethereum’s Slump Fuels Memes About Vitalik Buterin’s Love Life

As Ethereum faces recent challenges, the crypto community has found a new target for their frustrations.

08.08.2024 14:00 1 min. read Alexander Stefanov

Irish Data Protection Commission Sues Twitter Over Data Violations

An irish regulator has initiated legal action against Twitter International Unlimited Company, citing violations of EU data protection laws.

08.08.2024 13:00 1 min. read Alexander Stefanov

Cathie Wood’s Ark Invest Buys Coinbase Shares Again

Ark Invest bought another 19,892 shares of Coinbase worth $3.9 million through three of its exchange-traded funds on Tuesday, continuing to rebalance its funds’ holdings after Monday’s market plunge.

07.08.2024 16:30 1 min. read Alexander Stefanov

Hong Kong Virtual Bank Launches Trading With Crypto ETFs

Hong Kong-based virtual bank Mox has introduced crypto exchange-traded funds (ETFs) trading for its clients and is considering a future expansion of spot trading markets.

07.08.2024 21:00 2 min. read Kosta Gushterov

Will the Bank of Japan Raise Interest Rates Amid Market Turmoil?

The Bank of Japan (BOJ) has opted to keep interest rates unchanged due to ongoing global market volatility, according to Deputy Governor Shinichi Uchida.

07.08.2024 16:00 1 min. read Alexander Stefanov