The third week of August 2024 surprised the cryptocurrency market, with some of the biggest altcoin gainers being those that had previously suffered significant losses. In particular, many of the top 100 altcoins by market cap are ending the week in the green. Let’s take a look at the top three outperformers, what drove their gains, and what’s next for them. Polygon (MATIC) Last Friday, the price of Polygon (MATIC) was $0.40. So far, the token has surged 32.50% over the past 7 days, reaching $0.53, making it one of the best performing altcoins. The impressive recovery of MATIC is…
Author: Crypto Flexs
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Chirag Jetani, Diamante Founder and COO, will deliver a keynote address showcasing the power and potential of Diamante Net, the L1 blockchain technology. Diamante will be presenting Diamante Net, the world’s first layer 1 hybrid blockchain protocol, at the WebX 2024 conference in Tokyo, where the company will be participating as an official partner. The pioneering blockchain and AI company is one of the Platinum Sponsors of the WebX 2024 conference. This move reflects Diamante’s commitment to leading the future of Web3, which will be a key focus at the conference. Diamante expands to new areas As a key highlight…
Payment giant PayPal and cryptocurrency custodian Anchorage Digital are partnering on a stablecoin rewards program that will pay out rewards. Paypal US Dollar korean: +0.040% Tokens held by cryptocurrency-based banks or tokens stored in Porto, Anchorage’s institutional custodial wallet. These companies are promoting this model as a way for users to earn money from their PYUSD balances without having to stake, lend, or re-collateralize their funds. Since the stablecoin is completely separate from the on-chain account, Anchorage and PayPal do not lend out their customers’ assets to pay for the program. The launch of the rewards program for Anchorage’s authorized…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. For investors without market insight, the odds of investing in a profitable token are very low. In fact, the odds are lower than winning a bet at a casino. However, experienced traders try to lower the odds and improve their chances by using special strategies, looking at the most popular cryptocurrencies on GeckoTerminal. Recent market analysis has shown that some tokens have seen a surge in trading activity. This trend suggests that investors are seeing the potential of these tokens and are accumulating…
James Ding 23 Aug 2024 12:31 The Hong Kong Monetary Authority has warned the public about fraudulent websites and phishing messages linked to Mox Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and phishing messages impersonating Mox Bank Limited. This warning was issued in response to several reports to the HKMA regarding such fraudulent activities. Fraudulent activity targeting Mox Bank customers According to the HKMA, fraudulent websites and phishing messages are designed to trick individuals into providing sensitive personal information such as login passwords and one-time…
SOL has been trading sideways recently after being one of the most volatile cryptocurrencies this year. It is worth looking at how the slowdown of the Solana network has affected the current state of SOL. Solana’s native cryptocurrency SOL has been one of the most active coins this year in terms of volatility and demand. However, volatility has virtually disappeared over the past five days. SOL’s price action has hovered around the $143 level for the past seven days, officially making it SOL’s least volatile week of the year. The low volatility price performance is a surprising turn of events,…
Digital Currency Group, a blockchain investment giant founded in 2015, announced in its quarterly shareholder letter this week that it had fully repaid its short-term debt as of June. The company has repaid more than $1 billion to creditors over the past 18 months, buoyed by strong performance in the first half of the year. The only remaining debt is a $1.1 billion promissory note from the bankruptcy of Genesis, a cryptocurrency lending arm, due in 2032. DCG and its subsidiary Genesis were implicated in market contagion events in 2022, most notably the collapse of hedge fund Three Arrows Capital…
Rebecca Moen 23 Aug 2024 13:05 The HKMA has warned the public about fraudulent websites and phishing emails targeting customers of Public Bank (Hong Kong) Limited. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and phishing emails related to Public Bank (Hong Kong) Limited. This warning aims to protect consumers from potential fraud, as reported by the HKMA. Details of fraudulent activity According to the HKMA, fraudulent websites and phishing emails have been reported and are being investigated. The HKMA has provided a hyperlink to a press release…
The latest release of Vault12 Guard not only adds powerful new features, but also includes improvements that streamline the user experience. Whether you choose to subscribe to the Apple iOS App Store, Google Play Store, or directly through Vault12 using ETH or VGT, we’ve revamped our subscription payment system to give you a variety of simple and intuitive subscription options. Here’s the rest of the news: What’s new in Vault12 Guard version 2.3 Crypto Subscriptions via VGT and ETHA smooth subscription journeyComprehensive data controlFaster bolt status updatesAndroid 14 readyEnhanced reporting privacyA more refined experience Cryptocurrency subscription via ETH or VGT…
Solana’s native token, SOL (SOL), has been unable to break above the $150 resistance level since August 12. However, some network metrics have shown strength, including the total deposits of decentralized applications, which surged to their highest level since October 2022. Now, traders are questioning whether these improvements in network fundamentals will be enough to push SOL back to $190 and what could be holding it back.Solana Spot ETF Outlook Weakens in the USOne reason for the lack of enthusiasm among investors stems from Cboe Global Markets’ recent decision on August 16 to remove the Form 19b-4 for the Solana…