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Cryptocurrency
Mt. Gox and US Government May Create $14B Bitcoin Selling Pressure
August 31, 2024 12:04 AM AEST| By Team Kalkine MediaBridge, a global stablecoin payment network co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, has secured $58 million in funding. The latest round includes a $40 million investment from prominent venture capital firms Sequoia an...
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Crypto Bankruptcies Yield $751M in Legal Fees
August 31, 2024 12:02 AM AEST| By Team Kalkine MediaFour prominent law firms collectively garnered $484 million from their involvement in seven Chapter 11 crypto bankruptcies that occurred in 2022, representing 64% of the total fees requested and received in these high-profile cases.,The total fees for the...
Bitcoin Hashprice Decline Mirrors March 2020 BTC Price Levels
August 31, 2024 12:01 AM AEST| By Team Kalkine MediaBitcoin's current hashprice metrics, when analyzed in relation to BTC price action, reflect conditions reminiscent of the period leading up to the 2020 breakout to new all-time highs. According to a Quicktake blog post by CryptoQuant dated August 30, Bitc...
Are We Shifting Towards Decentralization? Insights from Animoca’s Yat Siu
August 30, 2024 11:59 PM AEST| By Team Kalkine MediaIn a recent episode of the Talking Tokens Podcast, Yat Siu, co-founder and chairman of Animoca Brands, shared his insights on the evolving landscape of the internet, emphasizing the transformative potential of decentralization and digital property rights....
Chiliz Blockchain Partners with South Korea's Top Search Engine on Crypto Wallet
August 30, 2024 09:21 PM AEST| By Team Kalkine MediaSouth Korean technology giant Naver is introducing its first non-custodial cryptocurrency wallet, the Naver Pay Wallet, in collaboration with the Chiliz blockchain. This marks a significant expansion of Naver’s digital services into the cryptocurrency spa...
BlackRock’s Bitcoin ETF Sees Second-Ever Outflow of $13.5M
August 30, 2024 09:20 PM AEST| By Team Kalkine MediaBlackRock’s iShares Bitcoin Trust (IBIT) has experienced its second notable day of outflows since its inception in January. On August 29, the ETF recorded a $13.5 million net outflow, marking its second significant outflow day following a $36.9 million ne...
Solo Miner Wins $200K Bitcoin Jackpot with 0.012% of Hashrate
August 30, 2024 09:19 PM AEST| By Team Kalkine MediaA solo Bitcoin miner associated with the Solo CK Pool has achieved a rare feat by solving a Bitcoin block with significantly less than the average network hashrate. On August 29, the miner successfully processed block number 858,978, capturing a reward of...
Altcoin Season Delayed as Focus Shifts to Immediate Gains
August 30, 2024 09:17 PM AEST| By Team Kalkine MediaAs the cryptocurrency market anticipates a potential altcoin season, an analyst has suggested that its emergence may be hindered by premature enthusiasm for speculative assets. James Check, lead analyst at Glassnode, shared his insights on this issue duri...
ETH Restaking Surge Driven by Lower Annual Staking Rates
August 30, 2024 09:11 PM AEST| By Team Kalkine MediaArtemiy Parshakov, head of staking at P2P.org, has highlighted that the growing popularity of Ethereum restaking is primarily driven by competitive dynamics among staking service providers. Restaking involves reusing staked tokens, which are otherwise loc...
Ethereum DApp Volumes Increase 36% in One Week
August 30, 2024 07:59 PM AEST| By Team Kalkine MediaEthereum's native cryptocurrency,,{Ethereum},(ETH),, has experienced a notable rebound, gaining 7.5% from its recent low of $2,396 on August 27. Despite this uptick, the cryptocurrency has seen a 22% decline over the past month, reflecting ongoing investo...
Ex-FTX Exec Withdraws Guilty Plea, Refers Case to Partner’s Proceedings
August 30, 2024 07:58 PM AEST| By Team Kalkine MediaThe former co-CEO of,{FTX},Digital Markets, has withdrawn his petition to overturn his guilty plea related to campaign finance and money-transmitting violations. This decision, communicated in a filing to the United States District Court for the Southern ...
Bitcoin Hasn’t Achieved the Widespread Adoption We Expected
August 30, 2024 07:57 PM AEST| By Team Kalkine MediaEl Salvador's President Nayib Bukele has acknowledged that the country’s integration of Bitcoin as legal tender has not met his initial expectations. In a recent interview with,Time,magazine, Bukele described the adoption of Bitcoin as a “net positive” fo...
Apple and Nvidia Eye Multibillion-Dollar Fundraising for OpenAI
August 30, 2024 07:56 PM AEST| By Team Kalkine MediaTech giants Apple, Nvidia, and Microsoft are reportedly preparing to participate in,{OpenAI},forthcoming funding round, potentially elevating the company's valuation to over $100 billion. According to reports from Bloomberg and The Wall Street Journal on ...
New NCR Atleos/LibertyX Feature Enables BTC to Cash Conversion at US ATMs
August 30, 2024 07:55 PM AEST| By Team Kalkine MediaNCR Atleos has introduced a new feature, LibertyX Bitcoin Cashout, enabling customers in the United States to convert Bitcoin (BTC) into cash at ATMs. This service allows users to complete Bitcoin transactions through an app and collect US dollars at desi...
Stables Money Adds Coins.ph's Philippine Peso Stablecoin
August 30, 2024 07:54 PM AEST| By Team Kalkine MediaStables Money, a significant player in the remittance sector, is set to enhance its services by integrating Coins.ph’s Philippine peso-pegged PHPC stablecoin. This partnership aims to streamline remittance transactions to the Philippines, a country that i...
Bloomberg Integrates Polymarket Election Data into Terminal
August 30, 2024 07:54 PM AEST| By Team Kalkine MediaBloomberg LP is set to integrate election odds data from the blockchain-based prediction market Polymarket into its Terminal platform, marking a significant development in the intersection of traditional finance and Web3 technologies. This move reflects t...
FTX Executives Await Sentencing: Current Status
August 30, 2024 07:53 PM AEST| By Team Kalkine MediaNearly two years after the collapse of FTX and Alameda Research, legal proceedings against key figures involved continue to unfold. The fallout has led to significant market uncertainty, regulatory scrutiny, and criminal charges for those implicated.,Sam ...
Reclaiming Ethereum’s Diversified Roots
August 30, 2024 07:52 PM AEST| By Team Kalkine MediaAddressing the issue of block production centralization, an independent builder aims to restore diversity to Ethereum's ecosystem. The fragility of centralized systems was starkly illustrated by a recent incident involving CrowdStrike, which caused signif...
Tesla Closer to Shipping Domestic Robots Than Robotaxis
August 30, 2024 07:51 PM AEST| By Team Kalkine MediaThe Boring Company revealed that Tesla’s “Full Self-Driving” (FSD) software is not yet suitable for use in single-lane tunnel environments. Despite Tesla’s claims of nearing completion for its FSD system, the software has encountered challenges that preve...
Bitcoin Traders Await $62K as 3% Price Gains Deplete Liquidity
August 30, 2024 03:52 PM AEST| By Team Kalkine MediaCointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw delves into the Bitcoin approach to the $61,000 mark as market participants aim to overcome overhead liquidity near the Wall Street open. Data from Cointelegraph Markets Pro and TradingView i...
