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Cryptocurrency
Indicators Suggest Potential Altcoin Surge in Late 2024
September 04, 2024 11:14 PM AEST| By Team Kalkine MediaAltcoins have faced significant challenges over the first eight months of 2024, but there are signs that a major recovery could be on the horizon.,{Ethereum},(ETH),has struggled recently, trading at its lowest price against Bitcoin (BTC) in nearly th...
Reasons Behind Today's Crypto Market Decline
September 04, 2024 11:13 PM AEST| By Team Kalkine MediaThe cryptocurrency market opened in the red on September 3, with total market capitalization falling by over 1.5% to approximately $2.03 trillion. This decline is largely attributed to disappointing US economic data and a sharp sell-off in the stock...
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Crypto Executives Who Served Time and One Who Evaded Justice
September 04, 2024 11:12 PM AEST| By Team Kalkine MediaThe,{cryptocurrency},industry, known for its financial opportunities, has also been a magnet for fraud and criminal activity. Many prominent figures in the crypto world have faced serious legal troubles, leading to prison sentences. Here’s a look at...
Starlink Announces Block on X Access in Brazil
September 04, 2024 11:10 PM AEST| By Team Kalkine MediaStarlink, the satellite internet company operated by SpaceX and owned by Elon Musk, has announced that it will comply with a Brazilian court order to block access to the social media platform X in Brazil. This decision follows a ruling by the Brazili...
Penpie Protocol Faces $27M Loss Due to Exploit
September 04, 2024 11:08 PM AEST| By Team Kalkine MediaCryptocurrency hacks have escalated dramatically, with over $1.21 billion stolen so far this year, marking a 15.5% increase from the previous year. The rise in exploits underscores growing vulnerabilities within the crypto space.,On September 3, the...
Bitcoin Price Weakens as Miner Profits Decline and Spot BTC Outflows
September 04, 2024 11:07 PM AEST| By Team Kalkine MediaBitcoin has dropped more than 10% over the past two weeks, with its price falling from $64,190 to $57,800 as of September 3. This decline comes despite the S&P 500 index being just 2% shy of its all-time high and gold trading close to its historical...
FTC Reports 1,000% Surge in Crypto Scams Involving Bitcoin ATM
September 04, 2024 11:06 PM AEST| By Team Kalkine MediaScams involving Bitcoin ATMs have surged dramatically, with the Federal Trade Commission (FTC) reporting a tenfold increase in such incidents since 2020. Fraudsters are exploiting the anonymity and speed of cryptocurrency transactions, deceiving vict...
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Coinbase CLO Expresses Optimism About Harris Campaign Engagement
September 04, 2024 11:05 PM AEST| By Team Kalkine MediaWith just 63 days remaining until the US presidential election and early voting commencing in September, cryptocurrency enthusiasts face a crucial choice between Kamala Harris and Donald Trump. Both candidates have made efforts to engage with the cry...
FBI Alerts on North Korean Social Engineering Tactics Targeting Cryptocurrency
September 04, 2024 11:04 PM AEST| By Team Kalkine MediaThe Federal Bureau of Investigation (FBI) has issued a warning about North Korean cyber actors who are using deceptive tactics to steal cryptocurrency from users. In a notice released on September 3, the FBI highlighted the ongoing threat posed by No...
Bitcoin and Stocks Decline After Bank of Japan Rate Hike
September 04, 2024 11:03 PM AEST| By Team Kalkine MediaBitcoin's price has stumbled at the start of the week, dropping 6.5% over the past seven days and continuing its decline on September 3. The downturn coincided with a sharp sell-off in equities markets, where the DOW fell by 1.2%, the S&P 500 decreas...
Sky's Maker Stablecoin Freeze Process May Be Decided by Decentralized Court
September 04, 2024 11:02 PM AEST| By Team Kalkine MediaSky, formerly known as Maker, is exploring a novel approach for its stablecoin, USDS, which might include a decentralized court-like appeals process if its freeze feature is implemented. Rune Christensen, co-founder of Sky, discussed these possibilit...
SEC Charges Galois Capital Over FTX Crypto Custody
September 04, 2024 11:01 PM AEST| By Team Kalkine MediaThe U.S. Securities and Exchange Commission (SEC) has charged Galois Capital Management, a fund adviser, for alleged violations of its custody rule. According to a September 3 announcement, Galois is accused of mishandling client assets by holding in...
How much Bitcoin does the average whale possess?
September 04, 2024 11:01 PM AEST| By Team Kalkine MediaBitcoin's wealthiest investors and their influence on BTC price movements. Despite a notable 48% decrease in whale transactions worth $100,000 or more since March 2024, Bitcoin's price has declined by 20% over the same period. This shift in whale act...
Terraform Wallet Transfers $62M in BTC Amid Legal
September 04, 2024 10:59 PM AEST| By Team Kalkine MediaA wallet associated with Terraform Labs, co-founded by Do Kwon, has recently transferred over $62 million worth of Bitcoin, equivalent to more than 1,075,{Bitcoin},(BTC),. The transfer occurred on September 2, according to data from blockchain analyt...
Enhancing DeFi Lending with Cross-Chain Functionality: Nolus Protocol
September 04, 2024 10:58 PM AEST| By Team Kalkine MediaDecentralized finance (DeFi) lending has emerged as a significant area of growth within the Web3 ecosystem, offering innovative financial opportunities. However, the sector faces core challenges that could impede its long-term success. Kamen Trendafi...
Nvidia Records Historic One-Day Loss Following US Antitrust Subpoena
September 04, 2024 10:58 PM AEST| By Team Kalkine MediaNvidia has experienced its largest single-day loss in market value, plummeting nearly $280 billion following an antitrust subpoena from the United States Department of Justice (DOJ). On September 3, Nvidia’s stock dropped 9.5% to $108, marking a reco...
Bitcoin Network Hashrate Hits Record High
September 04, 2024 10:57 PM AEST| By Team Kalkine MediaThe Bitcoin network's hashrate, which measures the total computational power securing the blockchain, reached a new peak on September 1, surpassing 742 exahashes per second (EH/s). This record reflects a continued rise in hashrate since 2021, driven...
Arbitrum Stylus Mainnet Launch Expands Web3 Access for Traditional Developers
September 04, 2024 10:55 PM AEST| By Team Kalkine MediaOffchain Labs, the creator of the Arbitrum blockchain, has announced the mainnet launch of Arbitrum Stylus, a new virtual machine designed to facilitate decentralized application (DApp) development by integrating WebAssembly (WASM) languages. This la...
US Fed Rate Cut Might Lead to 20% Drop in Bitcoin
September 04, 2024 10:54 PM AEST| By Team Kalkine MediaBitfinex has raised concerns about the impact of an anticipated U.S. Federal Reserve interest rate cut on Bitcoin’s price, suggesting it could lead to a drop rather than the hoped-for boost. The Fed's decision, expected on September 18, follows dovis...
Matter Labs CEO Announces Restructuring and Layoffs
September 04, 2024 10:54 PM AEST| By Team Kalkine MediaMatter Labs, the developer behind the Ethereum layer-2 scaling solution ZKsync, has announced a restructuring plan that will reduce its workforce by 16%. The move, disclosed by CEO and co-founder Alex Gluchowski on September 3, is aimed at adapting t...
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