Company • August 29, 2024 2:34 PM EDT Posted 1 minute earlier ~ in Web3 payments company Bridge has raised a total of $58 million in funding.According to a company post on X, the company, started by former Coinbase and Square employees, counts backers Sequoia, Ribbit, Index, and Haun Ventures among its backers.Bridge is building a stablecoin-based funds transfer platform, offering services such as payments, cross-border payments, and foreign currency exchange. It has already partnered with Bitso for cross-border payments between businesses based on stablecoins in Latin America. “We are building stablecoin orchestration and issuance as a service,” Bridge explained…
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Caroline Bishop Aug 30, 2024 09:27 Chainalysis’ mid-year update highlights the rise of China-based CSAM networks and the evolution of cryptocurrency scams, including the infamous pig slaughter incident. According to Chainalysis’ latest mid-year update, 2024 saw a significant increase in China-based networks trading in child sexual abuse material (CSAM), an evolution in cryptocurrency fraud tactics, and the infamous pig slaughter incident. Key Results The Chainalysis report highlights several concerning trends in the crypto crime space. This update explores the on-chain activity surrounding CSAM and the latest fraud trends dominating the crypto landscape. China-based CSAM…
As crypto traders eagerly await a potential altcoin season, one analyst claims the season will not unfold as expected as new crypto traders rush to buy the most speculative assets too quickly.“The joke got out, everyone knew the punchline, they jumped right into it, and it wasn’t funny anymore,” Glassnode senior analyst James Check said in the Aug. 29 episode. rough agreement Podcast.Traders tried to corner the market.Check analyzed trader behavior during the 2021 bull market and compared it to 2024, finding that traders tried to outsell the market by buying the most hyped memecoins as quickly as possible. In…
Bitcoin Bitcoin +0.076% – Threshold, a decentralized finance protocol, is proposing a merger with WBTC, the largest “wrapped” version of Bitcoin by a country mile. Under the plan, BitGo will become the “largest holder” of Threshold’s T tokens while also transferring control of the WBTC minting and burning mechanisms to “ensure the continued stability of WBTC, the sanctity of its collateral, and the safety of users and protocols that rely on it.”The move comes weeks after BitGo, the cryptocurrency vault that currently manages the BTC underlying WBTC, announced plans to transfer some control of its assets to a joint venture…
Nottingham Forest FC partners with cryptocurrency brand Floki for the 2024/25 season Premier League teams use Floki logo in high visibility campaign across stadiums and media platforms Nottingham Forest Football Club, a historic name in English football, has announced a partnership with cryptocurrency brand Floki for the 2024/25 season. The collaboration makes Floki the club’s official cryptocurrency partner, granting the club extensive marketing rights for digital currencies across multiple platforms. The partnership will see the Floki logo gain significant exposure during Premier League matches. It will be displayed on LED boards that can be seen during the live broadcast of…
Rebecca Moen 30 Aug 2024 07:15 Binance has announced a new campaign where users can earn USDC rewards by converting digital assets through Binance Pay. Binance has unveiled an exciting new campaign that gives users the opportunity to earn USDC rewards by utilizing the Binance Pay Convert feature. According to Binance, the initiative encourages participants to convert at least 88 USDC worth of digital assets to qualify for USDC tokens. Campaign Details To participate in the campaign, users must access Binance Pay via the latest version of the Binance app. The app can be…
The Open Network (TON) is back in the dark. Efforts are underway to find a solution. The network’s resurgence has raised questions. Telegram-affiliated blockchain TON has been under a lot of pressure this week, starting with the arrest of Telegram founder Pavel Durov and the subsequent decline in the native token following the suspension of activity on the chain. On August 27, 2024, TON suffered a massive outage, halting block production for several hours. Although the initial outage was successfully resolved and operations resumed, the problems were not over as a second, larger outage occurred. TON is off the radar…
Governance • August 30, 2024 1:52 AM EDT Posted 1 minute earlier ~ in Gnosticism That’s it -1.75% Chain community members are reconsidering their gas token choice after MakerDAO rebranded to Sky and launched a new stablecoin, Sky Dollar (USDS). Gnosis currently operates a sidechain using a bridge version. die -0.03% This token, called xDAI, is used to cover gas fees on the network.MakerDAO is the issuer of DAI, a stablecoin backed by crypto collateral. As part of MakerDAO’s “endgame” plan, DAI holders will be able to upgrade their tokens to USDS at a 1:1 ratio, as well as the…
Iris Coleman Aug 30, 2024 05:03 Arkham Intelligence strengthens its collaboration between sports and cryptocurrency by partnering with top-ranked tennis player and Olympic bronze medalist Tommy Paul for the US Open. According to arkhamintelligence.com, Arkham Intelligence has announced a strategic partnership with world number one ranked tennis player and Olympic bronze medalist Tommy Paul for the US Open. Strengthening collaboration between sports and crypto This collaboration represents a significant step forward in uniting the worlds of sports and cryptocurrencies. Arkham Intelligence is working with Tommy Paul to leverage the popularity and global reach of…
A cryptocurrency trader and analyst has issued a warning about the potential price performance of altcoins in the current cycle. The analyst, known by the pseudonym Sherpa, tells his 11,399 YouTube subscribers that altcoins may underperform in the current cycle compared to other cycles or periods. “Your altcoin may not see crazy multiples like it did earlier this year. It may not hit all-time highs like it did in 2021. Your altcoin may simply have already peaked in this cycle.” The anonymous analyst also said: “Overall goals need to be set realistically and don’t assume that just because Bitcoin is…