August 2024 – Page 2

Arthur Hayes Says the Fed’s Rate Cut Has Short-Term Benefit

TL;DR Binance is adding new trading pairs and services to expand user options, with some restrictions for the residents of specific countries. The latest announcement has not led to substantial price increases for the involved cryptocurrencies, as the entire market remains covered in red. More Trading Options for Eligible Users The world’s largest crypto exchange

Important Binance Announcement Concerning These Trending Meme Coins: Details Read More »

Crypto Markets Shed $130 Billion as Bitcoin (BTC) Slumped to 9-Day Low (Market Watch)

Leave a Comment / Crypto, Markets / Nisha

Bitcoin took yet another turn for the worse in the past day or so as it dumped to its lowest price position in over a week of $58,100 earlier today. The altcoins are in no better shape, with ETH dumping by 8%, SOL by 7%, and DOGE by 6%. Bitcoin’s Nosedive The primary cryptocurrency had

Crypto Markets Shed $130 Billion as Bitcoin (BTC) Slumped to 9-Day Low (Market Watch) Read More »

TON Blockchain Recovers After Six-Hour Outage Amid DOGS Meme Coin Frenzy

Leave a Comment / Blockchain, Recovers / Nisha

The Open Network (TON) recently experienced a major outage, halting transactions for over six hours due to an abnormal surge in activity. According to on-chain data, the disruption began around 10:11 p.m. UTC on August 27, when TON stopped producing new blocks. Consensus Breakdown One of the first to raise the alarm regarding the issue

TON Blockchain Recovers After Six-Hour Outage Amid DOGS Meme Coin Frenzy Read More »

Meme Coin Bloodbath: WIF, PEPE, and BONK Are Among the Poorest Performers

Leave a Comment / Among, Bloodbath / Nisha

TL;DR Numerous major cryptocurrencies and meme coins suffered significant losses following a decline of the entire market in the past several hours. Dogecoin (DOGE) and Shiba Inu (SHIB) are among the affected, and the SHIB burning mechanism has recently stalled its progress. The Pullback The cryptocurrency sector experienced a severe correction in the last 24

Meme Coin Bloodbath: WIF, PEPE, and BONK Are Among the Poorest Performers Read More »

Open Interest Changes Suggest Capital Rotation Into Altcoins: Santiment

Leave a Comment / Changes, Interest / Nisha

On Aug. 27, on-chain analytics provider Santiment reported that Bitcoin’s recent “mild” price drop was enough to cause a larger decline in total open interest on exchanges. However, OI for Ethereum and Solana has barely declined, it added. Open interest is a measure of the number or value of crypto derivatives contracts that have yet

Open Interest Changes Suggest Capital Rotation Into Altcoins: Santiment Read More »

Big Win for TRON Investors as TRX Price Tapped 39-Month High: Details

Leave a Comment / Investors, Price / Nisha

TL;DR TRX has surged over 30% in the past two weeks, now trading near $0.17, and has entered the top 10 cryptocurrencies by market cap, surpassing $14.5 billion. Currently, all of the asset’s holders are sitting on some paper profits. TRX’s Solid Performance TRX – the native token of Tron – has been among the

Big Win for TRON Investors as TRX Price Tapped 39-Month High: Details Read More »

Thai Law Authorities Raid Illegal Bitcoin Mining Facility: Report

Leave a Comment / Authorities, Illegal / Nisha

Thailand’s law authorities recently raided a house occupied by a company running Bitcoin mining operations. According to the South China Morning Post’s coverage, the illegally operated Bitcoin mining activities triggered frequent power outages in the vicinity for over a month. Illegal Bitcoin Mining Operations Bitcoin, the leading cryptocurrency, uses a proof-of-work (PoW) consensus mechanism. This

Thai Law Authorities Raid Illegal Bitcoin Mining Facility: Report Read More »

Bitcoin Leads with $543M in Inflows Amid Powell’s Jackson Hole Comments

Leave a Comment / Bitcoin, Leads / Nisha

Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days.

Bitcoin Leads with $543M in Inflows Amid Powell’s Jackson Hole Comments Read More »