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Sky’s New Maker Stablecoin Criticized for ‘Freeze Function’
August 28, 2024 03:26 AM EDT| By Team Kalkine MediaMaker, now rebranded as Sky, has recently introduced its new stablecoin, USDS, which has generated significant discussion within the decentralized finance (DeFi) community. The upgrade includes a feature known as the "freeze function," which allows t...
Gavin Wood's Vision: Global Free Crypto Transactions and Web3 Tech
August 28, 2024 03:24 AM EDT| By Team Kalkine MediaGavin Wood, co-founder of Ethereum, Polkadot, and Kusama, has articulated a vision for Web3 that emphasizes making cryptocurrency transactions a public good by removing transaction fees. In a recent exclusive interview with Cointelegraph, Wood highli...
Vitalik Buterin Details 2023 Ethereum Foundation Spending
August 28, 2024 02:31 AM EDT| By Team Kalkine MediaThe Ethereum Foundation's annual expenditure on new institutions increased significantly, representing 36.5% of its 2023 budget. This marked a substantial rise from the previous year's allocation of 23.8% for similar initiatives. The category of "new...
Critical Bug Fixed in Circle’s Noble-CCTP
August 28, 2024 02:30 AM EDT| By Team Kalkine MediaOn August 27, Asymmetric Research, a blockchain security firm, disclosed a critical vulnerability in Circle's Noble-Cross Chain Transfer Protocol (CCTP) used for USDC transactions on the Cosmos network. The flaw was identified in the "ReceiveMessage"...
SOON Completes Funding Round for Solana-Based Layer 2
August 28, 2024 02:29 AM EDT| By Team Kalkine MediaSolana Optimistic Network (SOON) has successfully concluded a funding round for its Solana-based layer-2 scaling solution, as announced on August 27. This “co-builder” round exclusively attracted contributions from individuals rather than venture fir...
Watchdog Accuses Supermicro of Accounting and Sanctions Scandals
August 28, 2024 02:28 AM EDT| By Team Kalkine MediaHindenburg Research has released a report alleging significant issues with Super Micro Computer, a major provider of AI hardware. The investment research firm, known for its in-depth investigations, examined the $35 billion company over a three-month...
US Lawmaker Discloses AERO, GRT, and VELO Holdings for 2024
August 28, 2024 02:27 AM EDT| By Team Kalkine MediaGeorgia Representative Mike Collins, who has served Georgia's 10th Congressional District since 2023, recently disclosed a series of transactions involving altcoins. In financial disclosures filed with the House of Representatives between July and Au...
Ethereum Whales Accumulate as ETH Nears Bottom
August 28, 2024 02:10 AM EDT| By Team Kalkine MediaEther is experiencing notable activity from large holders, or “whales,” who have accumulated over 200,000 ETH, valued at more than $540 million, over the past four days. This accumulation occurs despite a recent decline in ETH’s price, which fell by...
Iota Finishes EU Blockchain Pre-Commercial Phase
August 28, 2024 02:09 AM EDT| By Team Kalkine MediaThe Iota Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement (PCP) program, marking a significant milestone in the European Union’s efforts to enhance blockchain infrastructure. This achievement...
CoinDCX’s Okto Wallet Receives Operational License in UAE Free Zone
August 28, 2024 02:08 AM EDT| By Team Kalkine MediaOkto, a self-custodial wallet developed by Indian crypto exchange CoinDCX, has recently received an operational license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the United Arab Emirates. This license, granted on August 27, 2024, auth...
Bitcoin Miners Capitalize on AI Opportunities
August 28, 2024 02:07 AM EDT| By Team Kalkine MediaBitcoin miners are seeking new revenue streams as the network's April halving event impacts their earnings. The reduction in mining rewards from 6.25 BTC to 3.125 BTC per block has led to a notable decrease in mining revenue. During the second quarte...
CME Introduces Bitcoin 'Friday' Futures for Retail Market
August 28, 2024 02:04 AM EDT| By Team Kalkine MediaThe Chicago Mercantile Exchange (CME) Group is set to launch a new futures product, the Bitcoin Friday Futures (BFF), on September 30. This new offering is designed to cater to growing interest in cryptocurrency futures among retail participants. The...
Why is Bitcoin's Price Falling Today?
August 28, 2024 01:31 AM EDT| By Team Kalkine MediaBitcoin's price has declined recently due to a combination of macroeconomic pressures, reduced network activity, and uncertainty surrounding Federal Reserve interest rate adjustments. From August 26 to August 27, Bitcoin's value fell by 3.4%, breakin...
Bitcoin Exchanges See 3rd-Largest Net Daily Outflow of 2024
August 28, 2024 01:30 AM EDT| By Team Kalkine MediaBitcoin is experiencing a notable uptick in exchange withdrawals as its price trends towards $60,000. On August 27, data from the on-chain analytics platform CryptoQuant revealed preliminary net outflows of approximately 45,000 Bitcoin from exchanges...
Crypto Declines, but FET and AI Tokens Rise — Here's Why
August 28, 2024 01:29 AM EDT| By Team Kalkine MediaAI tokens, including Fetch.ai’s FET, have outperformed the broader cryptocurrency market this week. This notable performance comes amidst a period of short-lived price breakouts, exemplified by Bitcoin’s recent brief rally to $65,000 on August 24.,Re...
Bitcoin Weakens as Crypto Market Faces 5-Month Downtrend
August 28, 2024 01:28 AM EDT| By Team Kalkine MediaBitcoin’s recent rally to $65,000 has dissipated, despite the US Federal Reserve’s indication of an interest rate cut in 2024. Over the weekend from August 24 to August 25, Bitcoin surged to $65,000, marking an extension of its recovery from the Augu...
BTC Price Warning: Binance Eyes Sub-$60K Bitcoin
August 28, 2024 01:27 AM EDT| By Team Kalkine MediaBitcoin's recent price performance has shifted focus to weakness in the market as the cryptocurrency struggles to maintain momentum above $65,000. This price action has led to concerns about a possible “liquidation cascade” that could drive Bitcoin (...
Aussies Lost $122 Million to Crypto Scams in the Past Year: AFP
August 28, 2024 12:43 AM EDT| By Team Kalkine MediaThe Australian Federal Police (AFP) have identified deep fakes and pig butchering as the predominant tactics used by scammers to defraud individuals. In the past year, Australians experienced losses of $122 million from cryptocurrency-related scams,...
TON Experiences Outage, No New Blocks Produced for 3 Hours
August 28, 2024 12:42 AM EDT| By Team Kalkine MediaThe Telegram Open Network (TON) has experienced a significant disruption, halting block production and transaction validation due to an overwhelming surge in trading activity associated with a newly launched memecoin named DOGS. The network has not p...
Long-Term Bitcoin Ownership Exceeds $10B as Price Falls Below $60K
August 28, 2024 12:41 AM EDT| By Team Kalkine MediaAs Bitcoin's price dips below $60,000, the total value of Bitcoin within long-term holder wallets has surpassed $10 billion. CryptoQuant contributor Amr Taha on August 27, this milestone reflects a significant trend among long-term Bitcoin holders, w...
