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Cryptocurrency
Bitcoin Shows Resilience Despite U.S. ETF-Related BTC Sales
August 29, 2024 11:09 PM AEST| By Team Kalkine MediaBitcoin demonstrated notable recovery within the,cryptocurrency,sector, despite the recent sell-off of 1,782 BTC associated with U.S. exchange-traded funds (ETFs). The adjustment in Bitcoin's price follows a period of significant fluctuation triggere...
Factors Contributing to Bitcoin's Recent Selling Pressure
August 29, 2024 11:08 PM AEST| By Team Kalkine MediaBitcoin is experiencing significant selling pressure, a development that has raised considerable attention within the,cryptocurrency,sector. Various factors have contributed to the increased selling activity, highlighting ongoing challenges and shift...
Cardano is poised to benefit from the positive market sentiment
August 29, 2024 11:06 PM AEST| By Team Kalkine MediaCardano, a prominent player in the,cryptocurrency,sector, is currently under observation for its potential substantial growth. Recent assessments have highlighted the possibility of a significant upward movement in Cardano’s value, driven by a range...
The Open Network Faces Another Network Outage
August 29, 2024 11:04 PM AEST| By Team Kalkine Media{The Open Network},(TON),faced another network outage, which appears to have been triggered by a surge in users minting DOGS tokens. According to social media updates from TON, the issue began around 19:19 UTC. The TON block explorer indicates that t...
NFTs May Be Securities, But SEC Notice to OpenSea is Unproductive
August 29, 2024 11:02 PM AEST| By Team Kalkine MediaOpenSea CEO Devin Finzer announced that the company had received a Wells notice from the U.S. Securities and Exchange Commission(SEC). This formal communication from the SEC indicates that the agency believes certain non-fungible tokens (NFTs) on the...
BlackRock Introduces Ether ETF in Brazil
August 29, 2024 11:01 PM AEST| By Team Kalkine MediaBlackRock introduced its iShares Ethereum Trust (ETHA) to Brazil's stock exchange B3 through a depositary receipt, marking an expansion of its cryptocurrency product offerings in the region. This new Ethereum exchange-traded fund (ETF) is available f...
California Lawmakers Advance Controversial AI Bill Despite OpenAI's Opposition
August 29, 2024 11:00 PM AEST| By Team Kalkine MediaCalifornia lawmakers advanced Senate Bill (SB) 1047, a controversial piece of legislation focused on artificial intelligence (AI) safety. The bill, authored by Democratic Senator Scott Wiener of San Francisco, has passed the State Assembly and now aw...
DeFi Network Radix Reduces Staff by 15% to Refocus Strategy
August 29, 2024 10:57 PM AEST| By Team Kalkine MediaRDX Works, the team behind the Radix decentralized finance (DeFi) platform, has announced a 15% reduction in its workforce as part of a broader strategy to lower operational costs. This decision follows the Radix network’s mainnet launch in July 2023...
Usage of Inferno Drainer Triples as Crypto Scams Surge in 2024
August 29, 2024 10:55 PM AEST| By Team Kalkine MediaRecent data from Web3 security firm Blockaid reveals a significant increase in the number of decentralized applications (DApps) utilizing the Inferno Drainer tool, reaching 40,000 by the end of July 2024. This surge reflects a threefold rise in the d...
Parafi Capital's $120M Fundraise Indicates Revived Growth for Crypto Funds
August 29, 2024 10:53 PM AEST| By Team Kalkine MediaThis year, the cryptocurrency sector has seen a notable increase in capital inflows as digital asset prices recover, enhancing overall market sentiment. Digital asset management firm Parafi Capital has successfully raised $120 million, supported by i...
Bitcoin Whale Acquires 1K BTC as Binance Selling Drives Price Below $58K
August 29, 2024 10:50 PM AEST| By Team Kalkine MediaBitcoin's price experienced volatility recently, reflecting a complex trading environment marked by significant market movements and strategic actions by major players. On August 29, Bitcoin (BTC) briefly tested a low of $57,900 on Bitstamp before re...
Ethereum Price Breakout to $3K Likely Postponed Until October
August 29, 2024 10:36 PM AEST| By Team Kalkine MediaEther (ETH) is currently navigating significant resistance around the $2,700 mark, a key level that it believes must be surpassed for a breakout to $3,000 in the fourth quarter of 2024. As of the latest data, Ether's price is positioned at approximat...
Trader Sees Altcoins at Extreme Levels Amid Emerging Buy Signals
August 29, 2024 06:06 PM AEST| By Team Kalkine MediaThe “Alts buy signal” chart is indicating a accumulation phase for altcoins, marking a noteworthy signal that has not appeared at such low levels in over three years. This chart provides traders with insights into when the overall altcoin market migh...
Blockchain 'Conjuring' Falls Short in Enhancing Humanitarian Aid
August 29, 2024 06:05 PM AEST| By Team Kalkine MediaDigital anthropologist Margie Cheesman has examined the effectiveness of blockchain technology in humanitarian projects, revealing that it often introduces more problems than it solves. Her research, detailed in the paper "Conjuring a Blockchain Pilo...
LINE Introduces Telegram-Style 'Mini DApps' with Kaia Mainnet Launch
August 29, 2024 06:04 PM AEST| By Team Kalkine MediaThe messaging app LINE is set to integrate “mini DApps” with the launch of Kaia’s mainnet, following a similar feature introduced by telegram last year. Kaia, a new layer-1 blockchain, officially launched its mainnet on August 29, offering notable ad...
Web3 Gaming Intends to Disrupt Traditional Platforms
August 29, 2024 06:02 PM AEST| By Team Kalkine MediaThe advent of blockchain technology has introduced a new dimension to gaming, with Web3 gaming gaining traction among nearly 3 million daily users. This emerging sector seeks to rival traditional gaming platforms such as Steam and the Epic Games Stor...
Crypto.com and Standard Chartered Collaborate on Global Fiat Services
August 29, 2024 06:02 PM AEST| By Team Kalkine MediaCrypto.com, a cryptocurrency exchange based in Singapore,has announced a strategic partnership with Standard Chartered Bank to enhance its global retail services. This collaboration aims to provide users with the ability to deposit and withdraw USD,...
Fed’s ‘Sugar High’ Could Drive Bitcoin Surge
August 29, 2024 05:34 PM AEST| By Team Kalkine MediaArthur Hayes, co-founder of BitMEX, has recently drawn a parallel between the Federal Reserve’s monetary policy actions and a temporary economic boost akin to a "sugar high," highlighting potential ripple effects on Bitcoin and the broader cryptocurr...
TON Resumes Operation After Second DOGS-Related Outage in 36 Hours
August 29, 2024 05:33 PM AEST| By Team Kalkine MediaThe Open Network (TON) has resumed full functionality after experiencing two significant outages within a 36-hour period, attributed to a surge in network activity triggered by the launch of a new memecoin,,{Dogs},(DOGS),.,The TON network faced its f...
Bitcoin Assets of Listed Firms Surge to $20B in One Year
August 29, 2024 05:32 PM AEST| By Team Kalkine MediaA recent survey has revealed that 26% of institutional investors and wealth managers support the use of Bitcoin as a reserve asset. This endorsement is reflected in the substantial increase in Bitcoin holdings among publicly listed companies, which h...
