IMX, the token of NFT platform ImmutableX, saw a remarkable surge of 38.1% in just a few hours on Thursday morning—going from $0.55 to a peak of $0.76, according to CoinGecko data. The price surge can be attributed to substantial volume spikes across South Korean exchanges in BW.com and Upbit, which traded $453.6 million in the last 24 hours. This…
Bitcoin traders get none of the volatility they hoped for, and BTC price slowly drifts back to intraday lows. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-fomc-mt-gox-26-7-k-dip
The open-source nature of many hardware cryptocurrency wallets allows one to build a do-it-yourself (DIY) wallet like Trezor from scratch, but it requires certain skills. Florin Cocos, an electronics design manager from Romania, built his own DIY Trezor with the wallet’s open-source code in 2018, without having access to a “real” Trezor device. On his YouTube channel, Voltlog, Cocos demonstrated…
The Bitcoin network got its own community-based social token ecosystem, after a new project emerged overnight called Alpha. Alpha is similar to the widely-known, Ethereum-based platform Friend.tech, as it acts as a decentralized social network protocol. It allows users to monetize their online persona and content creation via its social tokens. ️Alpha α is officially here More than the @friendtech…
Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Rangebound until proven otherwise” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning prior to the Wall Street open, down by around 1.5% on the day. Bitcoin had delivered a cool reaction…
Mt. Gox’s infamous 2014 security breach — that lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement. Over the years, Mt. Gox has backtracked on its numerous plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from…
Nobuaki Kobayashi, the trustee overseeing the defunct Mt. Gox Bitcoin exchange’s estate, has officially announced an extension of the deadline for repaying its creditors. The new deadline for creditor repayments has been moved from October 31, 2023, to October 31, 2024, as revealed in a letter dated September 21. In his communication, Kobayashi stated that, with the approval of the…
Tether, the largest stablecoin issuer in the crypto market has seen a rise in its stablecoin lending, aka secured loans, in 2023, despite the firm having announced it will cut such loans down to zero in December 2022. In the company’s latest quarterly report, Tether noted that its assets included $5.5 billion of loans as of June 30, up from $5.3…
Mainstream media outlet Rolling Stone has declared that nonfungible tokens (NFTs) are “finally totally worthless,” citing the results of a dappGambl study on the “evolving landscape’ of NFTs. The study found that as many as 95% of NFTs (owned by more than 23 million investors) have no value at all. The response from community has been varied, with some agreeing with…
Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States. Alchemy Pay has obtained a Money Transmitter License in the state of Arkansas, the firm announced to Cointelegraph on Sept. 20. Granted by the Arkansas Securities Department, the license officially enables Alchemy Pay to operate services like selling or issuing…
