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Bitcoin Eyes $61K 'Relief Rally' Following Downside Liquidation
September 05, 2024 01:33 AM EDT| By Team Kalkine MediaBitcoin has experienced significant downward price movement, leading to liquidations exceeding $78 million over the past 24 hours. This sharp correction has been a recurring trend at the start of each month in the third quarter of 2024. Both July and...
Solana Price Drops 12% Following Pump.fun’s $41M SOL Token
September 05, 2024 01:32 AM EDT| By Team Kalkine MediaThe Solana (SOL) token has experienced a notable decline in value recently, with a drop of over 12% during the week leading up to September 4. The token was trading at approximately $128, reflecting a 3.8% decrease on the daily chart according to Coi...
Brazil’s X Ban: Are VPN Users at Risk?
September 05, 2024 01:31 AM EDT| By Team Kalkine MediaA panel of the Brazilian Supreme Court upheld a ban on the social media platform X, effectively restricting access for users within Brazil. This decision has sparked a debate about the use of virtual private networks (VPNs) to circumvent the ban.,Fol...
Robinhood Settles for $3.9M Over Blocked Crypto Withdrawals
September 05, 2024 01:30 AM EDT| By Team Kalkine MediaRobinhood Crypto LLC has agreed to a $3.9 million settlement with the California Department of Justice (DOJ) to resolve claims related to restrictions on cryptocurrency withdrawals from 2018 to 2022. This settlement, announced on September 4, represe...
BYD's Global Expansion Faces Challenges in Japan
September 04, 2024 10:09 PM EDT| By Team Kalkine MediaBYD, a leading Chinese electric vehicle (EV) manufacturer backed by Warren Buffett, is intensifying its efforts in Japan, a critical yet challenging market for foreign automakers. The company is deploying electric-vehicle charging stations, enhancing...
Canada Stocks Close Lower; S&P/TSX Composite Declines 0.01%
September 04, 2024 10:02 PM EDT| By Team Kalkine MediaOn Wednesday, Canadian stocks experienced a decline following the market close, primarily driven by losses in the Energy, Materials, and Information Technology sectors. The S&P/TSX Composite Index ended the session with a slight decrease of 0.01%.,Ke...
Bitcoin Price Targets Reach $50K Amid Nvidia Crash Impacting Nikkei and Gold
September 04, 2024 09:20 AM EDT| By Team Kalkine MediaBitcoin (BTC) has experienced significant declines, approaching monthly lows of under $56,000 as of September 4, following a broader downturn in risk assets linked to the U.S. tech sector.,BTC/USD dropped to a low of $55,602 on Bitstamp, a level not...
Scammers Exploit Solana Wallets to Burn Tokens
September 04, 2024 09:19 AM EDT| By Team Kalkine MediaScammers have recently devised a new method to defraud Solana users by burning their tokens shortly after purchase. Reports indicate that users are seeing their newly acquired tokens disappear from their wallets within seconds of the transaction.,Slo...
Trader Transforms $5K into $670K with Ethervista, Rival of Ethereum Pump
September 04, 2024 09:18 AM EDT| By Team Kalkine MediaA crypto trader has made headlines by turning a $5,000 investment into $670,000 within just two days, thanks to the explosive rise of the Ethervista (VISTA) token. The token, native to the new decentralized exchange (DEX) and token minting marketplac...
Japan's Finance Regulator Advocates for Reduced Crypto Taxes in 2025
September 04, 2024 09:17 AM EDT| By Team Kalkine MediaJapan’s Financial Services Agency (FSA) has unveiled a plan to revise the nation’s tax code for the fiscal year 2025, with significant changes proposed for the taxation of cryptocurrency assets. The FSA's new request, released on August 30, suggests...
Penpie Hacker Launders 26% of $27M Stolen Funds in 12 Hours
September 04, 2024 09:17 AM EDT| By Team Kalkine MediaA hacker who stole $27 million from the Penpie protocol on September 3 has laundered approximately $7 million of the stolen funds through the crypto mixer Tornado Cash within just 12 hours. The breach highlights significant security risks in decentra...
Bitcoin's Price Lacks Clear Trend as Active Addresses Drop
September 04, 2024 09:16 AM EDT| By Team Kalkine MediaThe number of active Bitcoin addresses has dropped significantly since early 2024, a trend typically observed after Bitcoin's price peaks during previous bull markets. This decline has raised questions about Bitcoin’s future price movements and marke...
Polygon's MATIC Upgraded to POL, Enhancing Token Utility
September 04, 2024 09:15 AM EDT| By Team Kalkine MediaPolygon has executed a significant upgrade to its native cryptocurrency, transforming MATIC into the new Polygon Ecosystem Token (POL). This shift, effective September 4, repositions POL as both the network's gas and staking token, marking a major st...
Indicators Suggest Potential Altcoin Surge in Late 2024
September 04, 2024 09:14 AM EDT| 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 09:13 AM EDT| 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 09:12 AM EDT| 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 09:10 AM EDT| 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 09:08 AM EDT| 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 09:07 AM EDT| 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 09:06 AM EDT| 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...
