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WazirX Fiat Withdrawal Process in the Aftermath of Security Breach
WazirX has initiated the second phase of its fiat currency withdrawal process earlier than expected, on Sept. 3, despite the original start date being set for Sept. 9. This decision comes as the exchange deals with the aftermath of a major security breach that saw the theft of over $230 million in user assets. CEO…
The Current State of Cardano Post Chang Hardfork
Cardano recently underwent a highly anticipated Chang hardfork, bringing about significant changes to the Layer-1 blockchain. The upgrade included the implementation of on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a revamped governance structure with cost model improvements. Despite these upgrades, Cardano has seen a drop in price in recent days. At the time…
Lessons Learned from Galois Capital Management LLC’s SEC Settlement
The recent charges and settlement between the US Securities and Exchange Commission (SEC) and Galois Capital Management LLC shed light on the importance of compliance with client asset safeguarding requirements. The SEC found that Galois Capital failed to comply with the Custody Rule provisions, which ultimately exposed investors to significant risks. By not securing its…
A Glimpse Into the Life of a Versatile Content Writer and Aspiring Trader
Samuel Edyme, known by the nickname HIM-buktu, has made quite a name for himself in the web3 content writing and journalism industry. His journey into the world of cryptocurrency did not start off on a high note, as he fell victim to a Ponzi scheme that utilized crypto as payment. However, instead of being deterred…
The Future of Bitcoin: Analyzing Price Trends and Predictions
The recent price volatility in the Bitcoin market, with a significant drop below $50,000 last month, has raised concerns among investors. However, some analysts, including CryptoCon, remain optimistic about the future of Bitcoin. Despite the current price corrections, CryptoCon believes that the Bitcoin bull run is still on track. In a recent forecast on social…
Critical Analysis of Bitcoin Price Predictions by Arthur Hayes
Bitcoin recently saw a drop below $56,000, signaling a continuation of its downtrend. Arthur Hayes, co-founder and former CEO of BitMEX, predicts a worst-case scenario where Bitcoin could fall to $50,000. This bearish outlook is also extended to altcoins, which may experience even steeper losses according to Hayes. Hayes bases his predictions on the broader…
The Future of Mobile Gaming: Rebel Skies
The mobile gaming industry is abuzz with anticipation for the release of the revolutionary new game, Rebel Skies, developed by Faraway Games. This game, set to launch in October 2024, is poised to shake up the mobile gaming landscape by blending three distinct genres—action, real-time strategy (RTS), and deck building—into one seamless and immersive gameplay…
The Urgency of Specialized S-1 Registration Forms for Digital Asset Securities
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently called for the development of specialized S-1 registration forms specifically tailored for digital asset securities. This plea was made during his speech at the Korea Blockchain Week 2024 event on September 3. Uyeda emphasized the need for the SEC to update its regulatory tools…
Understanding the Decline in Whale Activity in the Crypto Market
The latest analysis by Santiment reveals a significant drop in whale activity across major crypto assets, including Bitcoin and Ethereum. During an active period in March, Bitcoin recorded 115.1k transactions valued at over $100k each. However, by August, this number had decreased to just 60.2k transactions, indicating a noticeable slowdown. Ethereum also mirrored this trend,…
The Changing Landscape of Ethereum Market
The Ethereum market is experiencing a noticeable shift, with increasing exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric monitors the amount of ETH held in exchange wallets. A rise in this metric often suggests that traders are transferring their ETH to exchanges in preparation to sell, causing supply pressure and…
Human Rights Violations: Binance CEO Richard Teng Condemns Nigerian Government
Binance CEO Richard Teng has spoken out against the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive detained since February. A viral video surfaced showing Gambaryan struggling to walk into a courtroom, with prison authorities denying his request for a wheelchair. This inhumane treatment has prompted Teng to demand that Gambaryan…
The Ongoing Challenges Faced by the Open Network and TON Token
The Open Network and its native token, TON, have been facing a series of challenges in recent times. One such issue arose when the price of TON plummeted by over 90% in just minutes on CoinMarketCap. The drastic drop saw TON’s value fall from $5.2 to approximately $0.3. This sharp decline, amounting to a massive…
The Critical Analysis of Ethereum Price Action
The recent performance of Ethereum in terms of price action has left many traders disappointed, as it has not met the bullish expectations that were set following the launch of Spot Ethereum ETFs. The current bearish trend has seen the price of Ethereum drop by 23% over a 30-day period, sparking concerns among investors. However,…
The Future of Bitcoin: Analyzing Expert Predictions
Recently, the crypto analyst known as the ‘Titan of Crypto’ has shared with his followers a unique technical pattern that has never been witnessed before in the world of cryptocurrency. This pattern involves a golden cross formation between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross where a…
