NewsRoom Articles - Page 18 of 170

FridayJun 21, 2024 9:00 am

Speculation Is Rife Regarding Possibility of a “Trump Coin”

There is speculation among crypto enthusiasts that Donald Trump is aiming to win over the $2.5 trillion industry with a new digital token dubbed “Trump Coin” as he steps up his campaign for the upcoming November election. Industry analysts are investigating the origins of a meme token listed on the Solana blockchain under the symbol “DJT” and named “Trump Coin.” DJT is associated with Trump’s social media platform, Truth Social, a stock market favorite since its IPO in March, reaching highs of $79.38 per share and now trading around $35. Meme tokens, as with meme stocks, are influenced by internet…

MondayJun 17, 2024 9:00 am

Lykke Confirms Platform Was Breached, $22M in Crypto Assets Stolen

Crypto exchange Lykke announced on June 10, 2024,that it had experienced a security breach, leading to the theft of digital assets worth $22 million. Lykke assured its users that despite the breach, their funds were safe, and the compromised systems were immediately shut down to prevent further damage. The UK-based exchange disclosed that the attack took place on June 4. It emphasized that client funds were secure and that efforts were underway to recover the stolen assets. Lykke communicated via the social media platform X, explaining that it had shut down the affected systems to minimize the damage and was…

MondayJun 17, 2024 6:41 am

WEEX Partners with K9 Finance DAO to Launch Premium Projects on Shibarium Blockchain

WEEX, a leading cryptocurrency exchange platform, has announced a strategic partnership with K9 Finance DAO to launch projects on Shibarium, an Ethereum Layer 2 blockchain. WEEX selects premium projects from the thousands available on the Shibarium chain for its Launchpad and will list them on WEEX, supporting the Shiba Inu (SHIB) community. Shiba Inu development advocates have identified WEEX as the primary platform for all new qualified projects emerging from Shibarium hackathons and developer communities worldwide. Additionally, Andrew Weiner, VP of WEEX Global, will attend the Blockchain Futurist Conference, sponsored by Shiba Inu and K9 Finance DAO, in Toronto on…

FridayJun 14, 2024 9:00 am

Trump Reaffirms His Support for Crypto at a Fundraising Event

Former President Donald Trump is ramping up his advocacy for cryptocurrency as a key element of his 2024 presidential campaign, expressing his ambition to become the “cryptocurrency president.” According to reports, Trump declared his plan to be the cryptocurrency president on June 7, 2024, during a San Francisco fundraiser organized by David Sacks, a general partner at Craft Ventures, along with Chamath Palihapitiya, a tech billionaire. The event raised $12 million to bolster Trump’s campaign efforts ahead of the Nov. 5, 2024, presidential election. During the event, Trump reaffirmed his commitment to advancing the cryptocurrency industry. He contrasted his stance…

WednesdayJun 12, 2024 9:00 am

Tumble in Cryptocurrency Market Is Minor Correction, Bullish Action Expected

On June 7, 2024, the cryptocurrency market, including Ether, Bitcoin and various altcoins, saw a decline following better-than-expected employment data released in the United States. Despite this drop, traders are optimistic that this is merely a temporary setback before the market resumes its upward trend. Renowned cryptocurrency trader il Capo of Crypto expressed its opinions to its more than 848,000 followers on X, characterizing the state of affairs as a robust sell-off consolidating support levels, with altcoins bearing the brunt of the losses. The trader suggested that this event appears to be a “shakeout,” a term used when many investors…

TuesdayJun 11, 2024 9:45 am

Mining Disrupt Brings the World’s Largest Bitcoin Mining Conference & Expo to Miami

Mining professionals, enthusiasts, businesses, traders, vendors, and investors, are invited to attend the Mining Disrupt Bitcoin Mining Conference (the world’s largest) on June 24-26, 2024, at the Miami Airport Convention Center in Miami. Mining Disrupt has been serving the Bitcoin Mining Industry for years, and their conferences attract attendees worldwide, offering critical education and networking at a global scale. Bitcoin mining professionals will showcase their latest equipment, hardware, products, and services at the Expo. The event offers a larger-than-life platform for mining enthusiasts, newcomers, and startups, to make the world aware of their unique offerings and get viable investors and…

TuesdayJun 11, 2024 9:00 am

Proof Of Talk to Open World-Class Avenues For Web3 Startups And Professionals

Proof Of Talk by Xventures invites C-level executives, professionals, and members of the Web3 community, allied industries, and economists, for two days of first-class networking, discussions, exploration, and collaboration. The event will be held at the prestigious Louvre Palace, offering attendees an unforgettable experience with curated events, gourmet food, and networking among the world-class Web3 community on June 10-11, 2024. The event will host over 2,500 attendees from across the globe looking for the latest innovations and trends in the Web3 world. Experts and participants will navigate the pivotal topics of technology, economics, and policies for a decentralized future. Proof…

MondayJun 10, 2024 4:00 pm

Proof of Talk 2024 Kicks Off in Paris: Uniting Traditional and Decentralized Finance

Paris, France – 10 June 2024 –Proof of Talk, heralded as the Davos of Web3, has officially commenced at the historic Museum of Decorative Arts in the Louvre Palace. The event, which is the brainchild of venture capital firm XVentures, brings together traditional financial institutions and decentralization’s thought leaders, investors, CEOs, founders, and exchanges for two days of impactful networking and thought-provoking discussions. Building on the success of its 2023 edition, Proof of Talk is Europe’s biggest Web3 event. This year’s sold-out edition brings together over 2500 participants and is a star-studded affair with speakers such as: • Dr. Saifedean Ammous Author, Founder…

MondayJun 10, 2024 9:00 am

An Analysis of Mining Opportunities, Challenges After Bitcoin Halving

The Bitcoin halving, which cuts the reward miners receive for adding new coins to the blockchain by one-half, is a crucial aspect of BTC’s deflationary design and affects the broader cryptocurrency market, presenting both opportunities and challenges. The latest halving, which happened in April, reduced the reward from 6.25 to 3.125 BTC. Following the halving, miners experienced a decrease in profit margins. Given the current price of Bitcoin at approximately $68,800, the value of the block reward is around $215,000. This is slightly higher than the value before the halving, when Bitcoin traded closer to $60,000, making the reward worth…

FridayJun 07, 2024 9:00 am

Ethereum ETF Approval Results in $3B Withdrawals from Centralized Exchanges

Ether worth more than $3 billion has been drawn from cryptocurrency exchanges following the U.S. Security Exchange Commission’s approval of Ether spot ETFs last month, signaling an impending supply shortfall. Just prior to the announcement, the regulator initiated talks with possible issuers and later granted approval for multiple 19b-4 forms to list the ETFs. The ETFs weren’t immediately ready for trading, as issuers are required to file their S-1 registration statements weeks before the ETFs can be launched. Analysts predict that the first batch of these ETFs could debut in late June. CryptoQuant data indicates that Ether holdings on exchanges…