Off the back of the much-anticipated Shibarium launch, the SHIB burn rate has seen a tremendous rise. This surge in the burn rate comes despite the Layer 2 blockchain running into problems on the day of its launch last week, and still being in private mode. But while it could point to renewed vigor among […]
Igniting Cardano’s Decentralized Revolution: Marlowe
Cardano (ADA), a prominent Layer 1 proof-of-stake (PoS) blockchain protocol, has recently unveiled significant developments within its smart contract development environment, Marlowe. This latest update showcases the proactive approach of the token’s core team, spearheaded by Input Output Hong Kong (IOHK), in enhancing the protocol’s runtime and expanding its capabilities. The central focus of this […]
Thailand Could Shut Down Facebook (Meta) Over Crypto Scam Allegations
Thailand’s Minister of Digital Economy and Society (DES) said he might propose to the court to close Meta (previously known as Facebook) to aid the investing of financial scams, including such involving cryptocurrencies. According to him, some fraudsters use the social media platform to sponsor their fraudulent schemes and thus con victims. No More Meta […]
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates. Sam Bankman-Fried Pleads Not Guilty to Latest Indictment Bankman-Fried’s attorney later deplored Bankman-Fried’s lack of vegan options in prison, saying he was “subsisting on a diet of bread and water” during the hearing. BNB […]
Nate Chastain sentenced to three months for insider trading at OpenSea
Nate Chastain, formerly an employee at OpenSea, has been sentenced to three months in prison on insider trading charges according to the U.S. DOJ on Aug. 22. U.S. Attorney Damian Williams commented: “Nathanial Chastain faced justice today for violating the trust that his employer placed in him by using OpenSea’s confidential information for his own […]
Appeal of Crypto Is ‘Illusory’ and Amplifying Financial Risks of Emerging Markets: Bank for International Settlements
Cryptocurrencies increase the financial risks of emerging economies, according to a new report published by the global central bank umbrella organization known as the Bank for International Settlements (BIS). The report says that cryptocurrencies cannot solve developing countries’ financial challenges, despite some arguing that digital assets can address such problems as high-fee payment transactions and […]
Bitcoin: Exploring sub-$20k price possibility amid rate hikes
Sell pressure lowered the level of profitability. According to Glassnode data, the percentage of Bitcoin addresses in profit is now at $61.47%.
MidJourney Adds Image Inpainting—Game Changer or Catch-Up Play?
The popular image generator is adding a feature that many AI art enthusiasts have asked for since day one.
Cardano Threatens Ethereum’s Reign as NFT Floor Prices Surge
With the NFT market slowing down, Cardano NFTs have surpassed Ethereum, signaling a major shift in the industry. Continue reading at DailyCoin.
South Korean City Announces Plan To Seize Crypto Assets Of Local Tax Evaders
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seven crypto exchanges, including Upbit and Bithumb, to punish these delinquents. These exchanges have been […]