Toncoin (TON) fell more than 20% on Sunday. The incident comes after Telegram CEO Pavel Durov was arrested in France. The Open Network called for calm and solidarity in response to the arrests. The price of TON (TON) plunged more than 20% on Sunday following reports that Telegram founder and CEO Pavel Durov was arrested in France. TON is the native cryptocurrency of The Open Network, which was initially developed by Telegram before it was abandoned after losing an initial legal battle with the U.S. Securities and Exchange Commission (SEC) in 2020. Today’s development highlights the close relationship between the…
Author: Crypto Flexs
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Bitcoin (BTC) is targeting $65,000 as the August monthly close approaches with a welcome recovery.The largest cryptocurrency has seen incredible strength over the past week, and traders are hoping the positive trend continues.Excluding the weekend’s sideways move, BTC/USD is solidly in an uptrend, up a whopping 40% from its low of $45,500 this month.Therefore, the upcoming monthly candle close is expected to provide an interesting trading environment as expectations grow that the pair will break out of the consolidation phase that has lasted for almost half a year.Could Bitcoin Finally Reach All-Time Highs Again?So far this month, BTC/USD has almost…
Sony Launches Soneium Blockchain to Drive Mainstream Adoption of Web3 Soneium is based on Optimism’s Superchain and focuses on scalability. The Soneium launch will be a three-phase plan: developer onboarding, Sony product integration, and enterprise expansion. Sony has officially entered the blockchain space with the launch of its own network, Soneium, developed in partnership with Singapore-based Startale Labs. The initiative, unveiled on August 23, marks a major step in Sony’s strategy to bring Web3 technology into the mainstream. Introducing #sonenium By ~ #Sony Block Solutions Labs is building a next-generation blockchain ecosystem on public Ethereum Layer 2 designed to inspire…
Crypto-AI startups are having a heyday. This year, some of the biggest fundraising in the crypto space has been led by ventures with strong AI connections. These startups are raking in mega-rounds, and some are still in the early stages but have reached multi-billion dollar valuations.Take PIP Labs, for example. They’re the brains behind Story Protocol, a layer 1 blockchain designed to tokenize intellectual property, ensuring original creators are rewarded in the age of AI. They recently raised an impressive $2.25 billion in an $80 million Series B round led by a16z cryptocurrency. Then there’s Sahara Labs, a crypto AI…
A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to reach an agreement with the U.S. Securities and Exchange Commission (SEC). Mango Markets (MNGO), a decentralized autonomous organization (DAO), has voted to settle with the SEC in a new community proposal despite the regulator not formally charging the decentralized exchange (DEX) protocol with any criminal charges. However, the SEC and other federal agencies began investigating Mango Markets after cryptocurrency trader Abraham Eisenberg exploited the protocol to make $110 million in 2022. According to Mango DAO, the SEC has accused the company of…
Jessie A Ellis 26 Aug 2024 07:15 Binance Square expands its ‘Write to Earn’ promotion, allowing creators to earn up to 30% commission on trading fees by publishing content. A new reward structure has been announced. Binance Square has announced the extension and enhancement of the ‘Write to Earn’ promotion, according to an official announcement from Binance. Through this promotion, eligible creators can earn up to 30% trading fee commission by posting eligible content on the platform. eligibility To participate, creators must complete account verification and set up a profile on Binance Square, including…
Regulations • August 26, 2024 2:23 AM EDT Posted 1 minute earlier ~ in Thai police and electricity authorities announced on Sunday that they had raided an illegal Bitcoin mine in a local village after receiving reports of frequent power outages in the area over the past few weeks.(AFFE) Reported A house in Ratchaburi province, west of Bangkok in central Thailand, has been raided by local power officials and local police, officials said.Jamnong Chanwong, the local security chief, said the blackout began in mid-July, probably when the mine was fully operational. Thai authorities said the mine operator paid little in…
Polygon saw a sharp increase in open interest as speculators rushed to join the bullish trend. The failure to break the weekly structure suggests that bears may dominate here. Polygon (MATIC) price surged last week, establishing a strong short-term uptrend. The local resistance at $0.43 was decisively broken, and the bulls were strong enough to lead a rally to the upper time frame resistance area at $0.58. Source: IntoTheBlock This price action was accompanied by a doubling of Open Interest, indicating high bullish sentiment. Since then, the price has fallen 7.5% after reaching a local high of $0.5819, with OI…
“Media coverage of Meta’s moderation efforts has been particularly negative for most of its history. Interestingly, Meta was also the first social media company to achieve a valuation of over $1 trillion,” he continued. “Telegram will likely have to go through a similar growth phase before it surpasses the legacy platforms.”
Jack Anderson 26 Aug 2024 04:59 SingularityNET (AGIX) releases bi-weekly updates to its decentralized AI platform, highlighting important technical advancements across its core components. SingularityNET (AGIX) has been publishing technology development updates every two weeks, detailing the latest progress of its decentralized AI platform as of August 23, 2024. According to the official report, significant progress has been made in various core components. market The Marketplace component has undergone several upgrades, including improvements to React and core modules, improved permission handling, and better API interactions. Bugs related to page scaling, Metamask network switching, and…