The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […]
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]
Bingx said it has resumed withdrawals for “mainstream” cryptocurrencies including bitcoin, tether and ethereum among others. However, the exchange has warned of potential delays due to security reviews. The crypto exchange said it will gradually restore withdrawal services for other cryptocurrencies but has canceled pending requests. The exchange’s chief product officer expressed concern about the […]
A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $ 10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities …
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau of Investigation (FBI) is involved, and the airport refuses […]
The crypto market has flipped bullish this week. Investors are bullish about yesterday’s interest rate cuts and the chance of a new bull run, so altcoins and meme tokens are in high demand. Crypto Market Flips Green After Fed Rate Decision Things are finally looking up for crypto traders. Yesterday afternoon, the Fed finally cut […]
Bitcoin reached an intraday peak of $ 63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks …
Following the heated debate between former President Donald Trump and Vice President Kamala Harris, Polymarket data revealed an intense tie between the two from 6 a.m. to 12 p.m. EDT on Wednesday, with each holding a 49% chance of winning. By 2:30 p.m., however, Trump edged ahead by a single percentage point, according to bettors […]
The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $ 750,000 after investing. Despite the investment supposedly growing to $ 1.4 million, the investor faced continuous demands for taxes and fees. Washington Investor Scammed Over …
The team behind Hamster Kombat, one of the most successful Telegram-based games, has released information on the exchanges that are confirmed to list its token after the upcoming airdrop. The team has announced that HMSTER will be available on Bybit, Bitfinex, and Okx, but has not given word on a possible Binance listing yet. Hamster […]
Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal Bitcoin’s sidechain has attracted about 241 EH/s of merged mining hashpower. Fractal Bitcoin Captures More Than 240 EH/s […]
Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […]
The meme coin world’s latest sensation, Base Dawgz (DAWGZ), is gearing up for its DEX listing debut today. With its presale now over, investors have one final chance to buy at the listing price, with the token expected to pump on launch. Base Dawgz – Revolutionizing Meme Coins with Multi-Chain Approach Base Dawgz is taking […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele […]
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($ 12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from …