Author: Emma Davis

Article written by Emma Davis

Trader loses millions of dollar in MOODENG token

September 30, 2024 1 min read

In the ever-evolving landscape of cryptocurrency, a recent incident involving the MOODENG token has captured the attention of traders and enthusiasts alike. A trader initially invested 26 SOL (approximately $3,537) in 21 million MOODENG tokens and found themselves in a precarious situation after a brief price dip led to a hasty decision to sell. Instead of reaping a potential profit of $6.3 million as the token’s market cap soared to

The SEC’s approval of Bitcoin ETF options is set to boost liquidity

September 26, 2024 1 min read

A recent CryptoQuant report celebrates the SEC’s approval of Bitcoin ETF options as a game-changing milestone for the crypto landscape. This move is anticipated to enhance liquidity and draw in institutional investors, despite some worries about potential increases in Bitcoin shorting. The launch of options trading on BlackRock’s IBIT ETF marks a positive shift towards mainstream financial integration and institutional adoption of Bitcoin. Notably, options traders tend to adopt a

BlackRock seeks to amend its Bitcoin ETF

September 25, 2024 1 min read

BlackRock, the global asset management firm, has submitted an update for its Bitcoin ETF (IBIT) in response to apprehensions regarding Coinbase’s custodial methods. Investors have expressed concerns regarding the transparency of Coinbase’s management of Bitcoin, leading to requests for on-chain verification that all ETF-related transactions are accurately resolved. BlackRock demanded that Bitcoin withdrawals from Coinbase be executed within 12 hours, citing apprehensions around the utilization of “paper BTC” or Bitcoin

Kamala Harris pledges to expand crypto and AI sectors in her presidential campaign

September 23, 2024 1 min read

Kamala Harris, the Democratic contender for the 2024 presidential election, has committed to promoting the artificial intelligence and crypto industries, representing her initial substantial endorsement of crypto during her campaign. Harris underscored the significance of investing in America’s competitiveness and promoting breakthrough technologies such as AI and digital assets, while safeguarding consumers and investors. This commitment has garnered backing from prominent individuals in the crypto sector, including Chris Larsen, co-founder

DWF Labs Announces Strategic Partnership with GraFun

September 21, 2024 3 mins read

DWF Labs, a new generation market maker and multi-stage Web3 investment firm, is pleased to announce a strategic partnership with GraFun, an innovative memecoin launchpad on BNB Chain. This collaboration aims to support tokens launched on the GraFun platform and bolster their liquidity, fostering a more robust and transparent memecoin ecosystem. GraFun is a next-gen platform for launching and trading meme coins on BNB Chain. GraFun introduces the Fair Curve, a groundbreaking

Tether announces its $1.5 million strategic investment in Sorted Wallet on Sept 19

September 19, 2024 1 min read

Tether has allocated $1.5 million to Sorted Wallet, a crypto wallet technology designed to enhance crypto adoption in underdeveloped regions. The investment reflects Tether’s dedication to improving financial inclusion and economic empowerment in marginalized areas. The platform seeks to incorporate individuals with basic mobile phones into the cryptocurrency domain, facilitating their integration into the digital asset ecosystem within the financial sector. This is especially significant for the unbanked in emerging

Tether Dominates Stablecoin Market with $118B Supply

September 17, 2024 1 min read

Tether’s USDT stablecoin now holds more than 75% of the stablecoin market, a considerable increase from 55% in 2022. This increase is attributed to the growing demand for USDT as a reliable middleman between fiat currencies and digital assets. With a circulating supply of $118 billion, USDT has witnessed consistent adoption throughout crypto marketplaces, bolstered by its good financial performance. Tether earned $400 million in income over the last month,

Invest $1,000 in These 4 Altcoins for a Shot at $1 Million Returns

September 16, 2024 3 mins read

The world of cryptocurrency continues to evolve, creating new opportunities for those willing to take calculated risks. While Bitcoin (BTC) remains the bedrock of the market, offering security and stability, altcoins often provide the explosive growth potential that can turn modest investments into massive gains. With the next bull run on the horizon, investors are searching for the altcoins with the most significant potential to deliver substantial returns. Here are

Crypto exchange Kraken removes the Lightning Network feature for customers in Germany

September 16, 2024 1 min read

Kraken, a cryptocurrency exchange, has removed the Bitcoin Lightning Network service for its users in Germany owing to technical modifications. The suspension was initially ascribed to regulatory concerns by a Kraken support representative; however, a spokeswoman for the San Francisco-based firm emphasized that Kraken Support had erroneously identified these modifications as the cause for the suspension. The Lightning Network is a “second layer” application for Bitcoin that facilitates expedited transactions

Turn $500 Into $1 Million: These 4 Altcoins Could Make You Rich in 2024

September 15, 2024 4 mins read

The cryptocurrency market is renowned for its ability to turn modest investments into extraordinary returns, especially during periods of explosive growth. While Bitcoin (BTC) remains the most recognized digital currency, offering a store of value and stability, the greatest opportunities for exponential gains often lie in altcoins. As 2024 approaches, several altcoins are capturing the attention of savvy investors for their potential to transform a $500 investment into $1 million.

Uniswap CEO Hayden Adams refutes claims of charging $20 million for protocol deployments

September 13, 2024 2 mins read

Uniswap CEO Hayden Adams has denied allegations that the decentralized platform charges bribes for protocol deployments, which emerged after a cofounder of Millicent Labs claimed that Uniswap demanded $20 million for deploying protocols. Adams refuted these claims, emphasizing that governance voting is the sole method for determining protocol deployment on Uniswap, not payments. The allegations first came to light when a user on X (formerly Twitter) named Alexander claimed Uniswap

Tether invests $100 million in agricultural firm Adecoagro, marking a strategic shift

September 9, 2024 1 min read

Tether, the USDT stablecoin issuer, has allocated $100 million to Adecoagro, an agricultural enterprise, signifying a strategic initiative to broaden its portfolio outside digital finance. The investment, executed between July 29 and August 16, 2024, entailed Tether acquiring approximately 10 million shares with the company’s working resources. Adecoagro, with a valuation of $1 billion, is a significant entity in the agricultural industry, functioning in Argentina, Brazil, and Uruguay. The company