Bitcoin’s downward price action led to another round of liquidations, with over $78 million over the past 24 hours. Read More at https://cointelegraph.com/news/bitcoin-relief-rally-61k-downside-liquidation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the Read More at https://cointelegraph.com/news/bitcoin-correction-crypto-market-drop-54k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Sui blockchain taps radio waves to bank the offline unbanked
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access. Read More at https://cointelegraph.com/news/sui-blockchain-offline-crypto-transactions-radio-waves?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Former Mt. Gox CEO to launch EllipX crypto exchange in Europe
EllipX will comply with EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users. Read More at https://cointelegraph.com/news/former-mt-gox-ceo-ellipx-crypto-exchange-europe?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Penpie hacker launders 26% of $27M stolen funds in 12 hrs
The Penpie protocol hacker funneled $7 million through Tornado Cash hours after stealing $27 million, highlighting DeFi security risks. Read More at https://cointelegraph.com/news/penpie-protocol-hacker-launders-7m-tornado-cash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price targets include $50K as Nvidia crash shakes Nikkei, gold
Bitcoin investors join risk assets in a “rush to the sidelines” amid BTC price lows of under $56,000. Read More at https://cointelegraph.com/news/bitcoin-price-targets-50k-nvidia-crash-shakes-nikkei-gold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth. Read More at https://cointelegraph.com/news/polygon-upgrades-matic-pol-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures. Read More at https://cointelegraph.com/news/bitcoin-atm-scams-rise-10x-ftc-warns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen. Read More at https://cointelegraph.com/news/makerdao-sky-usds-stablecoin-freeze-decentralized-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Japan’s finance regulator calls for lower crypto taxes in 2025
Japan’s Financial Services Agency has released plans to overhaul the nation’s tax code which could see the tax rate for crypto assets lowered in 2025. Read More at https://cointelegraph.com/news/japan-lower-crypto-taxes-2025-financial-services-agency-tax-overhaul?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound