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Removing 12K Bitcoin from USDD is 'DeFi 101
August 23, 2024 03:40 AM PDT| By Team Kalkine MediaTron founder Justin Sun has addressed concerns following the removal of 12,000 Bitcoin from the collateral backing USDD, a stablecoin governed by the Tron DAO Reserve. On August 19, it was reported that Bitcoin worth over $729 million was withdrawn f...
Anchorage Digital Integrates PayPal Stablecoin Yield into Custody Platform
August 23, 2024 03:39 AM PDT| By Team Kalkine MediaAnchorage Digital has introduced a new rewards program for clients who custody PayPal USD stablecoins with the crypto custodian. This initiative, announced on August 22, marks the first rewards program launched by Anchorage Digital and is applicable...
Upbit to Suspend NEAR Deposits for Network Upgrade
August 23, 2024 03:38 AM PDT| By Team Kalkine MediaUpbit, a prominent global cryptocurrency exchange, has announced a temporary suspension of deposit and withdrawal services for Near Protocol in light of a crucial network upgrade. This precautionary measure is implemented to ensure the security of us...
Spot Ethereum ETFs Experience Record Outflow Streak Amid Declining Capital
August 23, 2024 03:37 AM PDT| By Team Kalkine MediaSpot Ether exchange-traded funds (ETFs) in the United States have experienced a notable trend of outflows, marking their longest continuous period of outflows since their introduction on July 23. Over the five-day period from August 15 to August 21,...
Sony Launches Soneium Blockchain to Attract Web3 Developers
August 23, 2024 02:17 AM PDT| By Team Kalkine MediaSony Block Solutions Labs, a collaborative venture between Sony Group and Startale Labs, has unveiled "Soneium," a new,Ethereum,(ETH),Layer-2 blockchain designed to attract developers from a diverse range of industries. This initiative aims to enhanc...
Decentralized Naming Expand Bitcoin User Base
August 23, 2024 02:16 AM PDT| By Team Kalkine MediaIn light of recent security vulnerabilities affecting centralized domain services, Mike Carson, founder of the,Bitcoin,(BTC) based naming project Spaces Protocol, advocates for a decentralized approach to domain management on the blockchain. Carson a...
Bitcoin Average Transaction Fee Jumps 937.7% in 24 Hours
August 23, 2024 02:15 AM PDT| By Team Kalkine MediaOn August 22, Bitcoin transaction fees surged by approximately 940%, reaching $7.68 per transaction. This dramatic increase in fees was primarily driven by heightened network demand.,Prior to this surge, Bitcoin transaction fees had been relatively s...
Crypto Law Firm's Appeal to Compel SEC Decision on Ether Classification Denied
August 23, 2024 02:14 AM PDT| By Team Kalkine MediaA United States appeals court has upheld a California federal judge’s decision to dismiss a lawsuit filed by Hodl Law against the Securities and Exchange Commission (SEC). The law firm’s 2022 lawsuit aimed to compel the SEC to clarify whether Ether (...
Two Pig Butchering Cases: Feds Seize $5M, Ex-Kansas Bank CEO Jailed
August 23, 2024 02:12 AM PDT| By Team Kalkine MediaUnited States prosecutors have achieved notable successes in combating cryptocurrency-related fraud this week, with significant developments in two separate cases.,On August 22, 2024, the US District Attorney’s Office for the Eastern District of Nort...
Bitcoin Needs to Overcome $62K Resistance to Prevent a Repetition
August 23, 2024 12:28 AM PDT| By Team Kalkine MediaBitcoin is currently at a crucial juncture, as it faces significant resistance levels that will determine its short-term trajectory. Analysts from Kraken have noted that Bitcoin must reach and sustain a price of $62,000 to avoid a potential decline t...
SEC Challenges Richard Heart’s Motion to Dismiss $1 Billion Securities Lawsuit
August 23, 2024 12:27 AM PDT| By Team Kalkine MediaThe Ethereum Dencun upgrade, which was implemented in March 2024, has had a notable impact on the efficiency of Ethereum’s layer-2 (L2) networks. According to a recent analysis by Galaxy Research, this upgrade has significantly improved the economics...
Is Avalanche (AVAX) Poised for a Bullish Turn?
August 22, 2024 11:44 PM PDT| By Team Kalkine MediaAvalanche prices have surged by over 16% in the past week, showing signs of a trend reversal after a prolonged downtrend lasting nearly six months. On August 5, the asset reached a nine-month low but has since rebounded with a significant 45% increas...
Factors Driving Today's Surge in the Crypto Market
August 22, 2024 11:43 PM PDT| By Team Kalkine MediaThe cryptocurrency market has experienced an uptick today, with the total market capitalization increasing by approximately 1% over the last 24 hours to reach $2.13 trillion as of August 23. This increase includes gains from Bitcoin, which has risen...
Bitcoin Miner OTC Balances at a Two-Year High: Implications for Market Sentiment
August 22, 2024 11:42 PM PDT| By Team Kalkine MediaThe amount of Bitcoin held by cryptocurrency miners for over-the-counter (OTC) transactions has surged to its highest level in more than two years, suggesting increased selling activity among miners. According to data from CryptoQuant, OTC desk balan...
Campaign May Emphasize Innovation Over Cryptocurrency
August 22, 2024 11:41 PM PDT| By Team Kalkine MediaThe Vice President’s stance on digital assets at the Democratic National Convention (DNC) remains uncertain, but recent statements from a campaign aide suggest shift in policy focus.,On August 21, an aide campaign indicated that the Democratic nomine...
Magic Eden Foundation Unveils ME Token for Cross-Chain Trading
August 22, 2024 11:40 PM PDT| By Team Kalkine MediaThe Magic Eden Foundation has unveiled the ME token, a new digital asset aimed at advancing cross-chain trading and enhancing the functionality of decentralized applications (DApps) in the Web3 ecosystem. This initiative is designed to facilitate sea...
ETH Dencun Upgrade Draws Increased L2 Bots and Transaction Failures
August 22, 2024 11:39 PM PDT| By Team Kalkine MediaThe Ethereum Dencun upgrade, which was implemented in March 2024, has had a notable impact on the efficiency of Ethereum’s layer-2 (L2) networks. According to a recent analysis by Galaxy Research, this upgrade has significantly improved the economics...
Bitcoin's $60K Support: Significance and Implications
August 22, 2024 11:38 PM PDT| By Team Kalkine MediaResilient US job and inflation data, coupled with steady inflows into spot Bitcoin ETFs, has supported Bitcoin’s rally above $60,000. Between August 21 and August 22, Bitcoin’s price increased by 4% and has managed to maintain support around the $60,...
Three Factors That Could Propel Bitcoin to $68K in September
August 22, 2024 11:37 PM PDT| By Team Kalkine MediaBitcoin's recent technical setup and on-chain data suggest the possibility of a short-term recovery. Following a significant low on August 5, Bitcoin’s price has rebounded by over 22%. Analysts are observing technical and on-chain indicators that cou...
PIP Labs Raises $80M for Story Protocol, Valuation Reaches $2.25B
August 22, 2024 11:36 PM PDT| By Team Kalkine MediaPIP Labs, a startup based in Palo Alto, has secured $80 million in a Series B funding round, co-led by a16z Crypto and,Polychain,Capital. This funding is designated for advancing Story Protocol, a layer-1 blockchain aimed at managing intellectual pro...
