Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $ 1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele …
Korea Blockchain Week 2024 Sets New Benchmarks With Record Attendance and Groundbreaking Web3 Innovations
PRESS RELEASE. SEOUL, KOREA — 19th September 2024 — FACTBLOCK, the founder and organizer of Korea Blockchain Week (KBW), announced the successful conclusion of the seventh edition of KBW, setting new records with over 17,000 participants — an impressive 70% growth compared to last year. As Asia’s premier Web3 festival, KBW 2024 featured a stellar […]
Memebet Token GambleFi Presale Enjoys Successful First Week, Could it Give 500x Gains Like Rollbit?
A new meme coin is catching investors’ attention this week. Memebet (MEMEBET) is putting a crypto twist on online gambling, aiming to combine the popularity of meme coins with the buzz of digital casinos. And with nearly $ 250,000 raised in the presale’s first week, one popular analyst believes Memebet could be set to …
Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC
Over the past week, the stablecoin market has expanded by $ 1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, …
Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review
Recent Western sanctions have disrupted over $ 55 billion in trade settlements between Russia and Turkey. Cameron Thacker of Mythical Games believes the current blockchain gaming surge is more stable, as it focuses on better user experiences rather than hype. In the UK, a new bill recognizes digital assets like bitcoin as personal property. …
Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $ 1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank …
Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […]
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 outages on the blockchain network that brought block production to a standstill. Altogether, in just 68 days, the […]
Russia Set to Launch Crypto Payment Trials Next Week, Report
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and […]
Harris Backs Plan to Tax Unrealized Gains, Kiyosaki Says Prepare for Crash Landing, and More — Week in Review
Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher interest rates, even at the risk of triggering a recession. Meanwhile, bitcoin ETFs […]
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 Ethereum-based NFTs leading the charge at $ 36.62 million. NFT Market Booms With Ethereum at the …
P2E Sensation PlayDoge Enters Final Week of Presale After Raising Over $6M
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before launch, investors are jumping in while they can, believing this could be the next big […]
Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review
Goldman Sachs disclosed substantial holdings of $ 418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief …
Kiyosaki on Market Crash, Crypto for Harris, and More — Week in Review
Robert Kiyosaki declared that the much-anticipated market crash has arrived, emphasizing the significant losses and highlighting it as an opportunity for investors to buy assets like gold, silver, and bitcoin at lower prices. The Democrats are engaging with the crypto sector, launching a “Crypto for Harris” initiative to garner support for Vice President Kamala Harris. […]
Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in Review
The U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report, sparking concerns about a potential recession. Meanwhile, Coinbase reported $ 1.4 billion in Q2 revenue, highlighting growth and regulatory progress in the crypto sector. In Zambia, the central bank aims to enforce the kwacha as …