Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The XRP price has surged 8% over the past 24 hours, trading at $0.6444 as of 1:15 AM ET, with volume surging 144%. This comes amid speculation that a settlement could be reached in Ripple’s long-running lawsuit against the U.S. Securities and Exchange Commission. The two are meeting privately on Thursday after the regulator canceled a previous meeting. 🚨 #ripple prepare #secretary: A secret meeting is scheduled for August 1st! This could be a breakthrough for Ripple’s final consensus! 📈💼 Have you all…
Author: Crypto Flexs
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As 2024 continues to unfold and unprecedented new developments in the crypto space, such as the launch of spot Bitcoin and Ethereum ETFs, another trend is emerging: the 10th consecutive month of stablecoin growth, with stablecoin market dominance rising to 6.93%.Stablecoins are a type of cryptocurrency whose value is pegged to a reserve asset, such as fiat currency or a commodity. Their stability distinguishes them from the frequent price volatility associated with cryptocurrencies such as Bitcoin (BTC) or Ether (ETH).According to a CCData report, the overall stablecoin market cap increased by 2.11% in July to reach $164 billion, as major…
The prices of DOGE and SHIB fell by 5% last week. Both Mimecoin’s outstanding contracts and MVRV ratio have also decreased. Like many other cryptocurrency niches, the Mimecoin market has also seen significant corrections over the past few days. This was the case with some of the top Mimecoins, such as: Dogecoin (DOGE) and Shiba Inu (SHIB) The weekly and daily charts were red. One reason for this decline is the decline in investor interest in Mimecoin. The Worrisome State of Mimecoin CoinMarketCap’s data The world’s largest crypto coin, Dogecoin, has seen its price drop by more than 5% over…
Sony Group (NYSE:SONY) has surprisingly announced that it is entering the cryptocurrency trading business. Known for its dominance in electronics, gaming consoles, movies, and music, Sony’s move into cryptocurrency trading raises questions about the motivation behind this strategic shift and the potential impact it could have on the broader cryptocurrency sector. Whale Fin Exchange Reorganization Sony plans to revamp the “Whalefin” exchange it acquired through its subsidiary S.BLOX (formerly Amber Group). The update includes a redesigned dashboard, new apps, and an expanded list of crypto assets. The key question remains whether the move is driven by potential profits or a…
Bitget is a cryptocurrency exchange founded in 2018. Since then, especially after the collapse of FTX, Bitget has grown rapidly to become one of the leading derivatives trading platforms in the cryptocurrency space.Bitget’s history and developmentBitget was founded in 2018, and one of its early achievements was the introduction of a futures trading platform offering advanced trading tools.In 2020, Bitget launched one of its flagship products, Copy Trading, which allows users to copy the trades of experienced traders.August 2022, Bitget It was revealed Protected by a $200 million fund User’s assets. A few weeks later, ahead of the 2022 World…
Jack Anderson July 31, 2024 16:35 Tether’s Q2 2024 certification shows record profits of $5.2 billion in the first half of 2024, the largest Treasury holdings ever, and consolidated capital of nearly $12 billion. Tether Holdings Limited has announced the Q2 2024 assurance opinion from leading global independent accounting firm BDO. According to Tether, this assurance reaffirms the accuracy of Tether’s Consolidated Financial Statements and Reserve Report (CFFRR) and provides a detailed analysis of the assets held as token reserves and key consolidated financial figures as of June 30, 2024. Record financial performance Building…
In a post on X Platform, cryptocurrency research firm Token Terminal revealed that Coinbase’s second-layer blockchain network, Base, currently hosts around 80% of Uniswap’s monthly active traders. Base launched in August 2023 and began rapidly gaining market share among decentralized exchange (DEX) traders in early 2024. According to data from Token Terminal, it has now replaced the Ethereum mainnet and competing blockchains, including Arbitrum One, another Ethereum layer 2.Related: Primary TVL Surpasses OP Mainnet, Surges to $8 Billion in DaysData shows that Ethereum, Arbitrum, and Polygon previously dominated DEX trading activity. According to L2Beat’s data, Arbitrum remains the largest layer…
Crypto Scams, Hacks and Exploits and How to Avoid Them: Crypto-Sec Deepfake Fraud: Bitcoin Conference AI Leaks $79K During the Bitcoin 2024 conference, which took place on July 25-27, crypto users lost over $79,000 due to a deepfake AI livestream of the conference. The fake livestream featured footage of Elon Musk speaking, but while Musk was rumored to be in attendance, he did not actually speak at the conference and was clearly unrelated to the video. This is similar to numerous other Musk-related scams that have popped up online. Michael Dunworth, co-founder of cryptocurrency payment service Wyre, reported the deepfake…
There is a lot of information online about how to protect your digital assets, but less written about the physical threats to cryptocurrency and Bitcoin holders. There has been a worrying increase in physical attacks on cryptocurrency holders over the past few years.The arrest of five Russian nationals in Phuket in February highlights a worrying trend of violent crime targeting cryptocurrency holders. According to local authorities, the suspects kidnapped a Belarusian couple and forced them to transfer about 31 million baht ($901,200) worth of cryptocurrency before releasing them. The incident occurred near the Lorong intersection in Muang District, where the…
Company • July 31, 2024 1:40 PM EDT Posted 1 minute earlier In ~ About the AuthorJames Hunt is a journalist for The Block, based in the UK. As the author of The Daily newsletter, James also brings you the latest crypto news every weekday. Prior to joining The Block in 2022, James worked as a freelance writer in the industry for four years, contributing content to publications and crypto projects. James’s coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals, and…