News

exSat Network Launches Mainnet with over 270M TVL

October 23, 2024 1 min read

exSat Network has officially launched its mainnet, marking a pivotal moment for both its community and the larger blockchain landscape. This innovative scaling solution aims to fulfill Satoshi Nakamoto’s original vision for Bitcoin, which was to provide users with enhanced freedom, control, and security in financial transactions. Although a significant portion of Bitcoin has already been mined, exSat seeks to expand its practical applications and utility. The launch was supported

An AI bot turns $50K in Bitcoin in millions in just 4 days

October 23, 2024 3 mins read

Marc Andreessen and Ben Horowitz, the minds behind a16z, recently shared their astonishment over the meteoric rise of a meme coin called GOAT, which skyrocketed from near worthlessness to a staggering market value of $300 million in just four days. This phenomenon was largely fueled by an AI bot named Truth Terminal, created by a developer named Andy, who designed it to engage with the online community. The journey began

Tesla still holds all 11,509 Bitcoin, worth over $776M

October 23, 2024 1 min read

Recent blockchain data indicates that Tesla Inc. continues to hold all of its 11,509 Bitcoin, putting to rest speculation about a possible sale. Last week, Arkham Intelligence, a blockchain analytics firm, reported that Tesla had moved its Bitcoin—worth over $776 million—to new, undisclosed wallets, sparking rumors that the company might be offloading its holdings. However, Arkham later clarified that these transactions were internal wallet reorganizations rather than sales. They explained

Russian influencer faces 10 years in prison for defrauding businessmen of $22 million in a crypto scheme

October 23, 2024 2 mins read

Valeria “Bitmama” Fedyakina, a prominent Russian influencer, is currently facing serious legal trouble, with the possibility of a decade behind bars. She stands accused of swindling $22 million from four businessmen through a fraudulent crypto payment scheme. Initially, there were concerns about treason, but the focus has shifted entirely to economic crimes. Fedyakina allegedly misled these businessmen by offering them crypto services to facilitate cross-border payments, claiming to be an

Ripple co-founder Chris Larsen donates $10 million in XRP to Kamala Harris’s campaign

October 22, 2024 1 min read

Chris Larsen, the co-founder of Ripple, has made headlines again by donating a substantial $10 million in XRP to Kamala Harris’s presidential campaign. This marks his second significant contribution in a short span, following a previous donation of $1 million earlier this month. Larsen is optimistic that Harris will champion technological innovation and advocate for crypto-friendly policies within the Democratic Party, especially as many in the tech sector seem to

Bitcoin Dips Below $66,000: Will it Fall Further?

October 22, 2024 1 min read

The cryptocurrency market is currently facing a slight downturn, with the overall market cap shifting towards a bearish trend. In the midst of this, Coinbase has taken a proactive step by filing a Freedom of Information Act request with U.S. regulators, highlighting the ongoing developments in crypto regulation. Bitcoin, the leading crypto, has experienced a small price decline, dropping about 2.15% in the last 24 hours to around $66,000. Despite

Algorand’s User Base Surges by 34%

October 22, 2024 2 mins read

The Algorand Foundation recently shared its monthly report, highlighting a remarkable increase in user engagement on the platform throughout September. This surge in activity, particularly in Daily Active Users (DAU), was largely attributed to the introduction of Algorand Coinbase Learning Rewards, which launched in mid-September. This initiative helped DAUs soar to around 180,000, marking a significant rise of nearly 34% in Monthly Active Users (MAUs) compared to August. To put

Decentraland Launches Revamped Virtual World with Enhanced Features

October 22, 2024 2 mins read

Decentraland has just unveiled an exciting new desktop client, marking a significant advancement in how users can engage with this pioneering decentralized virtual world. This beta version enhances performance and immerses users in a richer environment, while also introducing innovative features that pave the way for future developments and improved tools for creators. Transitioning from a browser-based platform to a more robust, Unity-powered desktop experience, Decentraland is aligning itself with

Major Updates On AAVE Price, BNB & BlockDAG Network – Top Reasons To Watch These Altcoins 

October 22, 2024 4 mins read

AAVE, BNB, and BlockDAG are gaining significant attention in the crypto market, with each showing impressive growth potential. AAVE has surged by 85% since September 2024, now just 11% short of reaching a new yearly high. This remarkable performance has caught the eye of many market participants.  Similarly, Binance Coin (BNB) is on the brink of a bullish breakout, with its inverse head and shoulders pattern pointing to a possible

Bitwise chief investment officer Matt Hougan believes Bitcoin (BTC) will hit $100,000

October 21, 2024 1 min read

Matt Hougan, the chief investment officer at Bitwise, is sharing his insights on what could drive Bitcoin’s price to reach $100,000 and beyond. He believes that current macroeconomic trends and on-chain data indicate that Bitcoin is on the verge of significant price increases. Hougan points out that major central banks are implementing more relaxed monetary policies just as Bitcoin’s supply is decreasing due to this year’s halving event, which cut

The NYSE and the CBOE to list options contracts for BTC-based ETFs

October 21, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has given the green light for Bitcoin options exchange-traded funds (ETFs) to be listed on two prominent U.S. exchanges: the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This decision follows the SEC’s recent approval of a rule change from Nasdaq, allowing options on the iShares Bitcoin Trust (IBIT), which has shown promising outcomes. The SEC highlighted that these

Bitcoin dominance surges to 58% as ETF as institutional inflows continue

October 20, 2024 1 min read

This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities