Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip

While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales...

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Friday Market Recap: Ether ETFs See Zero Gains as Bitcoin ETFs Bleed $175 Million

Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $175.67 million. At the same time, despite a trading volume of $173.66 million, ether ETFs saw no net gains or losses on...

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Top TON Coins Face Turbulent Week Amid Durov Arrest and Network Disruptions

Over the past week, The Open Network (TON) ecosystem has encountered a series of setbacks due to a wave of unfavorable news. The turbulence began with the arrest of Telegram founder Pavel Durov, followed by two significant...

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Washington Man Faces Charges in $64 Million Crypto Laundering Scheme

A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were...

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A Vision for Bitcoin Mass Adoption by Mark Zalan, CEO of GoMining

Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers...

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LBank Shakes Up the Crypto World: Celebrates 9th Anniversary with Bold New Moves and Leadership Shift

As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth, resilience, and innovation in the ever-changing digital asset space. Since its founding in 2015,...

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Layer-1 Platform Radix Cuts Workforce by 15%

The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like...

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Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange

The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor...

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Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies....

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Fully Onchain AI Model Deployed on Internet Computer (ICP) Blockchain

Decideai, a Web3 company focused on creating artificial intelligence (AI)-based large language models (LLMs), has deployed its GPT-2 LLM fully onchain via the Internet Computer (ICP) blockchain. This development leverages...

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Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features

The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction...

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How Logos Is Onboarding Early Supporters Onto Its Network State Technology Stack With a Bitcoin Ordinals Collection

Logos is a fully decentralized, privacy-preserving, and politically neutral technology stack that provides the necessary support for self-sovereign virtual territories. The stack includes three modular, blockchain-based...

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Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances

Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a...

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Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund

Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments...

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Ignition Casino is Offering Poker Tournaments with Big Prize Money and Cryptocurrencies

Ignition Casino is taking the online poker world by storm. It offers an impressive lineup of tournaments that cater to players of all skill levels and bankrolls. With the potential for big prize money and a wide variety...

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French Court Extends Telegram CEO Pavel Durov’s Police Custody

French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge...

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Bank of Russia Eyes Stablecoins for Cross-Border Transactions

The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve...

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DeepLink Protocol’s Strategic Vision: Redefining the Future of Cloud Gaming

The cloud gaming sector is undergoing a transformative evolution, reshaping how players interact with games. By eliminating the need for expensive hardware and local installations, cloud gaming is emerging as the industry’s...

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Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam

Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under...

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Ethereum Technical Analysis: ETH Faces Critical Resistance at $2,800 Amid Market Indecision

On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple...

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Bitcoin Technical Analysis: Key Resistance Levels Test Bullish Momentum

On Aug. 26, 2024, bitcoin is navigating a crucial juncture, with prices hovering around $63,908. Despite a recent recovery attempt, the cryptocurrency faces significant resistance between $64,000 and $65,000. Bitcoin Bitcoin’s...

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Egyptian Fintech Firm Secures $3 Million to Grow Its Credit Services

Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it...

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Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher

In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum,...

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Elon Musk Supports Efforts to Free Telegram CEO Pavel Durov

Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and...

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Colombian Data Protection Authority Formulates Charges Against Worldcoin

The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal...

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Zuckerberg, Spotify Founder Advocate for Open-Source AI in Europe

Mark Zuckerberg and Daniel Ek advocate for open-source AI in Europe. The two tech leaders believe that open-source AI can drive innovation and give Europe a competitive edge. However, they warn that fragmented regulations...

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Polygon’s Discord Channel Hacked; Admins Regain Control Amid Security Concerns

Polygon’s community Discord channel was compromised in a recent cyberattack, raising security concerns among users. The platform’s administrators have regained control and are working to restore the channel to its original...

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NFT Sales Soar 24% as Ethereum Takes the Lead This Week

Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with...

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Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses

At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin...

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Kraken Crypto Exchange Fined by Australian Court

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required...

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Bitcoin ETFs Extend Winning Streak as Ether Funds Slip Into Red

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their winning streak for the sixth day in a row, amassing $64.91 million. Meanwhile, the nine spot ether ETFs experienced a modest outflow, losing $874,610....

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Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable...

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Brazilian Securities Regulator Greenlights Second Solana Spot ETF

The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by...

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Yellow Card, Fireblocks Partner to Streamline African Cross-Border Payments

Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to...

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Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday,...

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Monero Begins Integration of New Privacy Feature (FCMP++) to Enhance Transaction Security

The Monero team has announced the initiation of a new privacy feature integration, known as Full-Chain Membership Proofs (FCMP++). This feature aims to significantly enhance transaction security and privacy on the Monero...

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US Bitcoin ETFs Thrive With $39M Boost, Ethereum ETFs Experience $17M Decline

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during...

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615 Crypto Scam Sites Dismantled by Australian Regulator

The Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615 targeting cryptocurrency. The regulator noted that collaboration with other agencies...

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Insiders Report Report Kamala Harris Backs Biden’s Plan to Tax Unrealized Gains

As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized...

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Inflows and Outflows: Bitcoin ETFs Gain $88M, Ether Drops $6.49M

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the charge, capturing the largest inflows...

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Gate Ventures, Abu Dhabi Blockchain Center Launch $100M Innovation Fund

Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and...

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Binance Faces Renewed Legal Battle Over Alleged Crypto Money Laundering

Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors,...

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Babylon Launches Trustless Bitcoin Staking Protocol on Mainnet

Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking...

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Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer,...

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Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of...

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Decentralized Bitcoin Exchange Bisq 2 Adds Support for Lightning Network

Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network’s...

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Ethereum Technical Analysis: Indicators Signal Caution for Ether as Bears Maintain Control

Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion....

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Seven Casino Unveils Next-Generation Digital Platform

PRESS RELEASE. Seven Casino, the trailblazer in online gaming, is thrilled to announce the official launch of its groundbreaking digital platform, setting a new standard for the online casino industry. With its cutting-edge...

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Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure

As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion....

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Privacy Concerns Worry Germany About the Possible Implementation of a Digital Euro

While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this...

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