Category: Latest news
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Binance urges low cap projects to commit tokens to its savings product
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Stablecoin volume outpaces Mastercard, PayPal as digital payments wars loom
[ad_1] Fiat-backed stablecoins have eclipsed Mastercard and PayPal in moving more value across their networks in 2022, according to a Bloomberg Intelligence note on Aug. 25. According to Bloomberg Intelligence crypto market analyst Jamie Coutts, stablecoins on several Layer-1 networks transacted $6.87 trillion in 2022, surpassing the transaction volumes of Mastercard and PayPal. However, stablecoins…
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US DEA loses over $50k USDT to scammer in botched transaction: Forbes
[ad_1] The U.S. Drug Enforcement Agency (DEA) unknowingly sent over $50,000 in Tether’s USDT to a crypto scammer, according to an Aug. 24 Forbes report. The scammer tricked the DEA into sending 55,000 USDT to their wallet instead of the U.S. Marshal address for which the funds were meant. According to the report, the DEA…
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New $5M exit scam fears as DeFi grows on Base with 1inch Network launch
[ad_1] 1inch Network has announced its expansion to Base, a Layer-2 Ethereum scaling solution incubated by renowned crypto exchange Coinbase. This strategic move aims to offer 1inch users access to deeper liquidity, lower transaction costs, and higher speeds, further enriching their trading experience. However, the news comes as a warning regarding an impending exit scam by…
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Cybersecurity breach at Kroll leaks FTX, BlockFi bankruptcy claimants’ data
[ad_1] Bankruptcy claims agent Kroll has suffered a cybersecurity incident that compromised the personal information of some FTX customers. FTX officially confirmed the cybersecurity incident on social media platform X in an Aug. 25 post. As per the firm, the breach exclusively impacted non-sensitive customer data belonging to certain claimants involved in the company’s bankruptcy…
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China’s real estate wealth meets financial storm while Western markets see mortgage rate spike
[ad_1] Quick Take As one of the largest global wealth sources, the real estate sector continues to demonstrate tremendous growth. According to Statista, it’s projected to hit a whopping $613 trillion in 2023 and potentially reach $700 trillion by 2027. Much of this wealth is concentrated in China, the world’s largest real estate asset class,…
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Bitcoin’s most active supply hits 8-year low
[ad_1] Bitcoin’s supply last active less than a month ago has plummeted to an 8-year low. This often overlooked metric provides essential insights into the market’s current dynamics and is useful when analyzing historical trends. Bitcoin’s supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its…
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Bitcoin faces crucial resistance as submerged cohorts of hodlers affect market sentiment
[ad_1] Quick Take Information drawn from recent data analysis underscores the significant resistance that Bitcoin is encountering, with a price range from $26,419 up to $26,773. This resistance is critical because three different cohorts of average withdrawal prices are currently tagged as underwater, meaning that the current price is below the average price at which…
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Prime Trust lost $8M after Terra collapsed; bought $76M ETH in unrelated wallet loss
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PancakeSwap v3 launches on Ethereum layer 2 Linea
[ad_1] PancakeSwap v3, a popular multi-chain DeFi exchange, announced its launch on the Ethereum layer 2 network Linea on Aug. 24. The exchange’s deployment on Linea introduces two new features. The first is improved capital efficiency, which will allow liquidity providers to focus their capital within specific price ranges where maximum trading occurs. This feature…