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Cryptocurrency
Sub-$50K Bitcoin Correction Expected as Whales Look to Offload BTC
September 09, 2024 02:07 PM AEST| By Team Kalkine MediaBitcoin may face increased downward pressure as it approaches the September 18 U.S. interest rate decision, with potential for a correction below key psychological levels over the weekend. The cryptocurrency, currently trading around $55,183, could e...
Bitcoin Traders Brace for BTC Under $52K as Crypto and Economic Pressures Rise
September 09, 2024 02:06 PM AEST| By Team Kalkine MediaThe Bitcoin market suggests a cautious outlook among traders, with current price trends indicating the possibility of a decline below recent levels in the near term. Currently, Bitcoin is trading approximately 10% above its eight-month low, observed...
WisdomTree Cancels Ethereum Trust S-1 Registration Filing
September 09, 2024 02:05 PM AEST| By Team Kalkine MediaWisdomTree has formally requested the withdrawal of its S-1 filing for a spot Ether exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This request comes more than three years after the initial submission of the regist...
El Salvador Celebrates 3 Years of Bitcoin Adoption with $31M Profit
September 09, 2024 02:04 PM AEST| By Team Kalkine MediaEl Salvador is marking a significant milestone as it celebrates the third anniversary of its decision to adopt Bitcoin as legal tender. On September 7, 2021, El Salvador became the first country in the world to officially recognize Bitcoin as a legal...
Rare Ape CryptoPunk Sells for $1.5M Despite Market Downturn
September 07, 2024 01:57 AM AEST| By Team Kalkine MediaCryptoPunk #6915, a rare Ape-themed NFT, recently sold for approximately $1.48 million, equivalent to 620 Ether. This sale occurred on September 5, 2024, and highlights a significant decline in the asset's value over recent months. CryptoPunk #6915 i...
Ripple Co-Founder Endorses Harris for President
September 07, 2024 01:55 AM AEST| By Team Kalkine MediaChris Larsen, co-founder and executive chairman of Ripple, has joined a notable group of 88 corporate leaders endorsing Vice President Kamala Harris for the 2024 presidential election. The endorsement, reported by CNBC on September 6, highlights Lars...
Crypto Venture Capital Funding Hits $633M in August Rebound
September 07, 2024 01:50 AM AEST| By Team Kalkine MediaIn August, venture capital (VC) funding in the cryptocurrency sector experienced a notable uptick, reaching $633 million. This figure represents a 15% increase from the $550 million recorded in July, according to data from DefiLlama.,The majority of...
MV Global: DePIN Poised to Be Crypto’s Next Major Use Case
September 07, 2024 01:48 AM AEST| By Team Kalkine MediaA recent report by MV Global highlights the growing prominence of Decentralized Physical Infrastructure Networks (DePINs) as a significant development in Web3 technology. According to the September 5 report, DePINs are poised to become a major use ca...
Monochrome Files for Australia’s First Direct Ether ETF
September 06, 2024 09:28 PM AEST| By Team Kalkine MediaMonochrome Asset Management has announced its application for the first spot Ether exchange-traded fund (ETF) in Australia, aiming to list the Monochrome Ether ETF (IETH) on Cboe Australia by the end of September. The application marks a significant...
Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
September 06, 2024 09:24 PM AEST| By Team Kalkine MediaAt a recent event hosted by the Economic Club of New York on September 5, United States presidential candidate and former President Donald Trump reiterated his support for the cryptocurrency sector. Trump outlined plans to streamline regulatory frame...
Bitcoin Traders Ignore September Dip, Expect Price to Surprise Bears
September 06, 2024 09:22 PM AEST| By Team Kalkine MediaEd Hindi, chief investment officer at Tyr Capital, has expressed a bullish outlook for Bitcoin's performance in September, suggesting that the cryptocurrency is more likely to end the month above $60,000 rather than below it. Despite historical trend...
Hacker Praised After $27M Crypto Heist from Penpie DeFi Protocol
September 06, 2024 09:21 PM AEST| By Team Kalkine MediaThe recent $27 million hack of the decentralized finance (DeFi) protocol Penpie has drawn attention from another high-profile hacker. On September 3, Penpie experienced a significant security breach, resulting in the theft of $27 million worth of dig...
Riot Platforms’ Bitcoin Holdings Exceed 10K BTC as Production Falls
September 06, 2024 09:20 PM AEST| By Team Kalkine MediaRiot Platforms, a prominent Bitcoin mining company, has reported a decline in its Bitcoin production for August 2024, yet remains optimistic about future growth and efficiency improvements. The company has disclosed that its Bitcoin holdings have inc...
Magic Eden Faces Backlash Over US Service Segregation
September 06, 2024 09:18 PM AEST| By Team Kalkine MediaMagic Eden, a notable NFT marketplace, recently announced the launch of a United States-exclusive domain for its users, sparking notable controversy within the crypto community. According to a September 5 update, the new US domain will offer familiar...
Crypto in ‘Extreme Fear’ as Arthur Hayes Predicts Bitcoin Under $50K This Weekend
September 06, 2024 08:37 PM AEST| By Team Kalkine MediaCrypto market sentiment has plunged into the "extreme fear" zone, triggered by a recent drop in Bitcoin’s price. The Crypto Fear & Greed Index which gauges market sentiment on a scale from 0 to 100, registered a score of 22 on September 6, indicating...
Ether All-Time High in 2024: Possible, but Unlikely
September 06, 2024 08:34 PM AEST| By Team Kalkine MediaEthereum's market prospects suggests that while the launch of spot Ether exchange-traded funds (ETFs) has garnered significant Wall Street attention, the cryptocurrency faces challenges in competing with tech stocks that are currently delivering high...
90% of UK Crypto Registrations Fail Due to Weak Fraud and AML Controls
September 06, 2024 08:34 PM AEST| By Team Kalkine MediaThe UK Financial Conduct Authority (FCA) has faced significant challenges in approving crypto business registrations, with a recent report highlighting that only four out of 35 applications were accepted over the past year. This high rejection rate i...
Unlucky’ MEV Bot Takes $12M Loan for Just $20 Profit
September 06, 2024 08:33 PM AEST| By Team Kalkine MediaMonochrome Asset Management has announced its application for the first spot Ether exchange-traded fund (ETF) in Australia, aiming to list the Monochrome Ether ETF (IETH) on Cboe Australia by the end of September. The application marks a significant...
VanEck: Multiple Factors Driving Ether's Weak Price Action
September 06, 2024 06:51 PM AEST| By Team Kalkine MediaVanEck has highlighted several factors contributing to Ethereum's recent decline in decentralized exchange trading volume, which has dropped from 42% in 2022 to 29% in 2024. The presentation in VanEck's Crypto Monthly Recap for August 2024, identifie...
Blockstream Mining Launches Hashrate-Backed Security Token
September 06, 2024 06:50 PM AEST| By Team Kalkine MediaBlockstream is raising funds through the issuance of a new security token, the Blockstream Mining Note 2 (BMN2), which is backed by the company's Bitcoin mining hashrate. According to an announcement on September 5, BMN2 tokens are priced at $31,000...
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