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Uptick in Token Generation Events Signals Market Shift
14.12.2023
The behavior of the cryptocurrency market has changed, with a newfound interest in Token Generation Events (TGEs) and rapid listings, pointing to a potentially revitalized crypto market and an influx of new projects. Crypto Market Shifts Gears With Surge in Token Generation Events In a development...
Crypto Miner Phoenix Group’s IPO Sales 33X Oversubscribed
21.11.2023
Source: Brian Wangenheim/Unsplash Multinational crypto mining and blockchain giant Phoenix Group has achieved a significant milestone in its initial public offering (IPO) raise. According to a press release, the mining company was able to close its IPO raise after investors oversubscribed 33 times...
Blockchain Association Sues OFAC Over Sanctions on Tornado Cash
21.11.2023
Source: US Department of Treasury Blockchain Association, the crypto advocacy group, has filed an amicus brief with the US Office of Foreign Assets Control (OFAC). The Association has criticized the agency’s decision to sanction crypto mixer Tornado Cash, pointing out the regulatory repercussions....
Bitcoin Price Prediction as Analyst Says ‘Santa Claus Squeee’ Will Shoot Prices Higher – Time to Buy?
7.11.2023
Bitcoin’s recent slip below the $35,000 threshold marks a pause in its latest bull run, but the market’s optimism doesn’t seem to wane, as the Fear & Greed Index hovers at a confident 73. This pullback has not dampened the broader positive market mood, with the trajectory...
Do Kwon’s Unreasonable Operations Led to Terraform Collapse: Co-founder Shin Denies Involvement
31.10.2023
The co-founder of Terraform Labs Daniel Shin has denied involvement in the collapse of the Terra Network pointing fingers at former CEO Do Kwon. Following his trial, reports have made rounds from local news media showing that Shin blames the bad policies of Do Kwon as he was not part of the company...
Suspected $28 Million Coinex Hot Wallet Hack Emerges
12.9.2023
Numerous reports have surfaced, pointing to a potential security breach in Coinex’s hot wallets, suggesting a hacker’s involvement. Peckshield, a blockchain security and data analytics firm, observed a concerning pattern – an unusual outflow of substantial assets originating...
S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment
24.8.2023
On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National...
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
13.7.2023
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008,...
Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets
24.6.2023
Cybersecurity researchers have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by number of such offers. Increase...
‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’
31.3.2023
Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak...
Blockchain Games Key to Onboarding a ‘Critical Mass of Users Onto Web3’ — Claudio Riff
22.3.2023
According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming...
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...
Nigerian Presidential Candidate Says Fixed Exchange Rate Regime ‘Has to End’ — Touts Success of Fintech Unicorn Flutterwave
6.9.2022
A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said...
Market Wrap: Finger-Pointing and Job Cuts as Bitcoin Slides Back Toward $20K
28.6.2022
Bitcoin's price fell for a third straight day, and a rally in Chainlink's LINK token faded – as crypto industry recriminations kept coming and stocks slumped
Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Surprised if Stocks Fell 40%
18.4.2022
The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within...
Thank You, Elden Ring Players, For All The Messages Leading Me To Cool Bugs
15.3.2022
When they aren’t making me laugh with lewd jokes, tricking me into hitting walls in search of hidden passages, or labeling every animal a dog, my fellow Tarnished are doing a great job of highlighting some of Elden Ring’s weirdest bugs via the messaging system.Read more
Despite Recovery, Bitcoin and Cryptos Have More Room to Fall, Say Analysts, Pointing at a Buy Signal
25.2.2022
While the crypto markets have been recovering on the second day of Russia's attack on Ukraine, crypto industry insiders have warned that digital assets may have further to fall -- and argued that a bottoming in stocks could be taken as a buy signal for crypto.
The crypto market saw a broad...
‘Being a Currency and a Security Are Not Contradictory,’ Crypto Can Be Both: Monetary Historian
13.1.2022
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins...
P2P Platforms, Cross-border Transactions Drive African Crypto Markets
15.9.2021
sts said, pointing to the inclusion of Kenya, Nigeria, South Africa, and Tanzania in the top 20 countries of its Global Crypto Adoption