Category: Crypto

Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race. The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause. Ripple’s Support For XRP Advocate Deaton In February, John Deaton officially entered the race for the GOP nomination for the U.S. Senate in Massachusetts to challenge Democrat Sen. Elizabeth Warren in November’s election. Deaton is one of several candidates…

Bitcoin (BTC) price rallied to $65,000 on July 16 after the traders’ fear over the German government selling BTC cooled off. However, there are fears that Bitcoin price may drop to $58,000 as Mt. Gox began moving $6 billion worth of coins from its cold wallet to various addresses.  Despite this, market analysts believe Bitcoin’s “post-halving” growth trajectory is still in play. BTC/USD daily chart. Source: TradingView Let’s look at some of the reasons why analysts think that the Bitcoin bull market is still underway. The Coinbase premium flips positive…

Worldcoin, the eye-scanning crypto project from OpenAI CEO Sam Altman, jumped 25% in trading in the past 24 hours. It’s one of the biggest gainers in this week’s crypto market, which is roaring back to life after slumping through June and the first half of July. The move not only erases much of $WLD’s losses over the past month, but also signals a broader reversal for the crypto market. That’s exciting news for one new token preparing for launch, WienerAI, which analysts think could be the next crypto to explode.…

Blockchain venture funding in Africa decreased by 74% in the first half of 2024 compared to the same period in 2023.  On July 16, Swiss blockchain venture capital firm CV VC released its latest report on African venture funding. Within the report, CV VC highlighted that Africa secured $34.7 million in H1 2024. Compared to 2023, when funding reached $135.4 million, the number marks a 74% year-on-year decline in the amount raised. While Africa experienced a downturn in funding, CV VC reported a 9% increase in the number of deals…

Bitfinex analysts have warned crypto investors to be cautious as bitcoin’s (BTC) recovery over the weekend is not a sign that its correction is over; the asset could witness more bloodshed in the near term. In the latest Bitfinex Alpha report, experts deemed the market’s reaction this week critical, especially as supply alleviated over the weekend could return when traditional markets open. “No Man’s Land” Since Saturday, bitcoin has risen almost 10% from $57,600 to $63,000, closing last week in the green. The asset has surged above the 125-day range…

Crypto exchange Coinbase has shifted tactics amid its effort to subpoena the United States Securities and Exchange Commission Chair Gary Gensler — and is now seeking his private communications only while serving as Chair. Coinbase’s lawyers initially argued that access to Gensler’s private chats — both before and during his tenure as SEC Chair — was an “appropriate source of discovery” to mount their defense in the securities regulator’s lawsuit against them. But a July 15 filing states Coinbase is now going to seek access to Gensler’s communications during his…

TL;DR The cryptocurrency market added $200 billion recently, with BTC and ETH seeing significant rises. Cat-themed tokens witnessed even more substantial gains, with one such asset rising to an all-time high. Following an assassination attempt on Donald Trump, Trump-themed meme coins experienced notable price increases, benefiting some early investors. The Newest Member of the Club The cryptocurrency market has flashed green as of late, adding approximately $200 billion in the past four days. Bitcoin (BTC) is up 4.5% on a daily scale, briefly surpassing the $63,000 level, while Ethereum (ETH)…

Several Filipino musicians’ YouTube accounts have been hacked and are now promoting an XRP scam. On July 15, several accounts from famous musicians based in the Philippines were seen promoting a deepfake video of Brad Garlinghouse predicting that XRP (XRP) might reach $4. Such schemes often direct victims to phishing websites to access their funds. A report from local media outlet Bitpinas highlighted that YouTube pages for the local band Ben&Ben, boyband SB19 and musician Rico Blanco were all compromised. Filipino musicians’ YouTube accounts seen promoting XRP scam Ben&Ben, a…

[PRESS RELEASE – Dubai, UAE, July 15th, 2024] BNB Chain experienced a decrease of ~83.3% in total amount loss in Q2 2024 in comparison to Q2 2023 Moreover, in Q2, 2024 BNB Chain experienced a ~19% decrease in total losses and a ~18.6% decrease in the number of security incidents compared to Q1, 2024 Salus, the Web3 security firm tackling the most complex security challenges through fundamental scientific research, has today released its BNB Chain 2024 Security Report. The report provides an in-depth analysis of the security events that unfolded…

A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September. First noticed by Scam Sniffer on July 13, the scammer used Dai (DAI) stablecoin to return the funds across two transactions last week. The first transfer saw $5.23 million returned on July 8, while another $4.04 million was sent on July 13 at 12:06 pm UTC, Etherscan data shows. Transfers from the scammer to the victim’s wallet address. Source: Etherscan It comes 10 months after the…