WazirX finds itself at the center of a heated controversy following a massive $230 million hack. The incident has not only raised alarming questions about the platform’s security measures but has also sparked a contentious debate between WazirX and blockchain security firm TruthLabs. WazirX Hack Under Scrutiny WazirX, a major cryptocurrency exchange, has forcefully denied […]
Coinbase CEO Hints At S&P 500 Style Crypto Index Fund Launch
Coinbase CEO Brian Armstrong has unveiled an exciting new plan during the company’s recent earnings call. Armstrong hinted at the launch of a “Coinbase 500” crypto index fund, akin to the S&P 500, aimed at providing retail investors with diversified exposure to the crypto market. This development has fueled discussions in the crypto market, especially […]
Sharpe AI Announces $SAI Token Listing on Gate.io
Tortola, British Virgin Islands, 2nd August 2024, Chainwire
SOL Price Crashes 18%, On-chain Metrics Remain Bullish: $200 Retest Soon?
Solana price and the broader market took a significant dip mid-week. In addition to the bearish crypto market conditions, the accelerated sell pressure can be attributed to geopolitical tension between Iran and Israel, which created FUD among market participants. Despite the 18% crash this week, the SOL price is positioned at crucial support, eyeing reversal, […]
PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. […]
Raydium’s RAY Token Drops 6% After Failed Meme Coin Launch Attempt
TL;DR Meme Coin Mishap: Solana-based DEX Raydium attempted to launch a meme token called CTO via Twitter. However, another CTO token deployed by Makememe.now caused confusion, leading to a 75% drop in the official Raydium CTO meme token within 24 hours. User Frustration and Raydium’s Response: Users expressed frustration after losing funds. Raydium’s explanation about […]
Congressman Wiley Nickel On Reforming The Democrats’ Bitcoin Strategy
On the main stage of Bitcoin 2024, Rep. Wiley Nickel (D-NC) shared that he’s working to have the Democrats shift to a more pro-Bitcoin and pro-crypto stance. He told the audience at the event that he’d recently written a letter to the DNC signed by 28 Democrats, 14 of which are in Congress, advocating for […]
Breaking: Bitcoin Nears $65K As US Job Data Teases Fed Dovish Stance
Bitcoin (BTC) reclaimed $64,000 on Thursday, August 2, following the release of new U.S. job data. The unemployment and nonfarm payrolls data signals a potentially dovish shift in the Federal Reserve’s monetary policy. This increases the odds of a September fed rate cut as teased earlier by Fed Chair Jerome Powell. U.S. Job Data Overview […]
Fantom Becomes Sonic Labs, Introducing New Focus on DApps and Governance
TL;DR Rebranding to Sonic Labs: Fantom, a DAG protocol, has transformed into Sonic Labs. The project’s official page now bears the name “Sonic Labs,” signaling a fresh direction. Sonic Labs will focus on developing decentralized applications (DApps) within the Sonic ecosystem. Sonic’s Impressive Features: Sonic, touted as the fastest EVM, operates as a Layer-1 platform […]
Will Nonfarm Payroll Data Extend Bitcoin Price Correction or Trigger Recovery to $70K?
The United States Bureau of Labor Statistics (BLS) will be releasing the monthly Nonfarm Payroll (NFP) report on August 2 as Bitcoin and altcoins such as Ethereum, Solana and Dogecoin struggle to find direction. Cryptocurrencies continue to sustain losses this week amid rising geopolitical tensions in West Asia. Besides, investors did not buy the dovish […]