The U.S. Dollar Index has been surging recently, indicating a strong performance for the currency. This has had a knock-on effect on other global currencies and cryptocurrencies, with many feeling the heat of the dollar’s strength. This has been reflected in the markets, with the dollar’s value increasing against other currencies and cryptocurrencies. The surge […]
An on-chain sleuth, ZachXBT, recently alerted the community of a potential scam masquerading as a legitimate lending protocol called Magnate Finance on the Base blockchain. The deployer address was linked to two DeFi projects that turned out to be exit scams. The project’s website is now offline and its Telegram group was deleted.The analyst revealed […]
1inch Network has announced its expansion to Base, a Layer-2 Ethereum scaling solution incubated by Coinbase. This move is intended to offer 1inch users access to deeper liquidity, lower transaction costs, and higher speeds. However, the news comes as a warning regarding an impending exit scam by Magnate Finance was issued earlier today.Magnate Finance, with […]
Num Finance, an Argentina-based company, has launched nCOP, a stablecoin tied to the Colombian peso, aiming at the remittance market. Polygon zkEVM has also seen increased participation, with over 400,000 addresses having engaged on-chain, more than doubling since July 1st. Deposits onto the mainnet have surpassed $110 million thus far.API3, a blockchain Oracle provider, is […]
SingularityNET’s AGIX token has seen a 9% growth, largely driven by Nvidia’s impressive financial report and optimistic third-quarter sales forecast. Charles Hoskinson, the brain behind Cardano, recently gave an interview on YouTube to discuss the platform’s upgrades, SEC’s 2023 scrutiny, and the role of community engagement in the Cardano ecosystem’s future trajectory.Nvidia revealed earnings of […]
Mastercard has recently severed its card partnership with global cryptocurrency platform Binance in Latin America, following a similar move by Visa in July. This decision highlights a pattern of traditional financial institutions being cautious when working with the exchange. Binance has also announced the discontinuation of its crypto debit card services in the Middle East […]
A data breach occurred on August 25th, when FTX reported on Twitter that their bankruptcy case claims agent, Kroll, had exposed non-sensitive customer data. Kroll has taken responsibility and is actively reaching out to those affected, providing guidance on protective measures. BlockFi customers were also affected, but their internal system and client funds were not […]
Bitcoin’s price pump towards $27,000 came to a quick halt as the asset returned to its familiar ground of around $26,000. Most altcoins also followed suit, with SOL, XRP, SHIB, and MATIC dropping the most from the larger caps.Bitcoin went through extreme volatility last Thursday when it plummeted by over three grand in a day […]
Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. This means that the current Bitcoin spot price — $26,050 — reflects six years of practically static BTC […]
Mastercard and Binance have announced that they will be ending their four crypto card programmes in Argentina, Brazil, and Colombia starting September 22nd. The prepaid crypto card allowed users to make payments in local fiat currencies, funded by their crypto holdings on the exchange. The decision to end the program is not impacting any of […]
