Findings from a 10x Research report reveal potential Bitcoin value drop below $50,000 amid US economic uncertainty, impacting the broader crypto market. Source: https://cointelegraph.com/news/bitcoin-economy-falters-10x-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD
In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead, they focus on activities that support the industry and […] Source: https://news.bitcoin.com/justin-sun-denies-liquidation-rumors-announces-1-billion-fund-to-combat-fud/
Was Warren Buffett right? 5 Things to know in Bitcoin this week
Bitcoin sees a giant $30,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway’s Apple sale takes on new meaning as stocks dive worldwide. Source: https://cointelegraph.com/news/warren-buffett-right-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto hackers buy Ethereum dip using stolen funds
Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount. Source: https://cointelegraph.com/news/hackers-buy-eth-nomad-bridge-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin dips below $50K: Crypto market crashes 17%
BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion. Source: https://cointelegraph.com/news/bitcoin-breaks-below-50000-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Memecoin dumps, then pumps after Vitalik Buterin sells unwanted airdrop
The memecoin took a massive hit after Buterin sold his entire 17 billion Neiro airdrop, but in a weird turn of events, it pumped soon after. Source: https://cointelegraph.com/news/memecoin-dumps-then-pumps-after-vitalik-buterin-sells-unwanted-airdrop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australian federal police to probe 2,000 exploited crypto wallets
Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams. Source: https://cointelegraph.com/news/australian-police-teams-chainalysis-crypto-crime?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin dominance hits 58% amid altcoin, stock market bloodbath
Bitcoin dominance has notched a new yearly high amid a brutal Ethereum-led sell-off. Source: https://cointelegraph.com/news/bitcoin-dominance-hits-58-amid-altcoin-stock-market-bloodbath?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Pan-African Tech Firm Cassava Technologies Launches AI Unit
Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt Generative AI Pan-African technology firm Cassava Technologies is creating a separate business unit to focus on […] Source: https://news.bitcoin.com/pan-african-tech-firm-cassava-technologies-launches-ai-unit/
DeFi Sector Takes a Hit as Jump Crypto Begins Shuffling Millions in Funds
Top cryptos within the decentralized finance sector witnessed a strong sell-off late Sunday as the crypto arm of proprietary trading firm Jump Trading began moving millions of dollars to exchanges. It follows crypto investors rushing to the exit, spooked by concerns stemming from economic and geopolitical headwinds, Decrypt reported. Recessionary fears led to a substantial sell-off in U.S. equity markets…