Cryptocurrency News
LEGO removes crypto scam from homepage after being hacked: Report
Coin Telegraph - 6 Oct 2024 05:00
The "LEGO Coin" token appeared on the toy manufacturer's homepage for roughly 75 minutes before being taken down, onlookers said.
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
Bitcoin.com - 6 Oct 2024 03:30
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-b...
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Bitcoin.com - 6 Oct 2024 02:30
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative ...
Zimbabwe Injects $50 Million to Bolster Devalued Currency
Bitcoin.com - 6 Oct 2024 00:30
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth op...
L2 Scaling Challenges May Undermine Ethereum and Bitcoin's Long-Term Security
Bitcoin.com - 6 Oct 2024 23:25
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine ...
Discovering the Creator-Driven World of Nifty Island
Bitcoin.com - 6 Oct 2024 22:51
In the latest episode of Regina's Web3 Gaming Odyssey, she dives headfirst into Nifty Island--a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last episod...
Bitcoin's rise above $62,000 could pull APT, WIF, FTM, and BGB higher
Coin Telegraph - 6 Oct 2024 22:32
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
Bitcoin's rise above $62,000 could pull APT, WIF, FTM, and BGB higher
Coin Telegraph - 6 Oct 2024 22:32
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
Kraken Launches Regulated Derivatives Platform in Bermuda
Bitcoin.com - 6 Oct 2024 22:20
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 co...
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Bitcoin.com - 6 Oct 2024 21:10
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the...
Goldman Sachs Raises Gold Forecast to $2,900 by 2025
Bitcoin.com - 6 Oct 2024 20:30
In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman's market strategists are now s...
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
Bitcoin.com - 6 Oct 2024 19:30
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algo...
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
Bitcoin.com - 6 Oct 2024 18:10
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from sev...
BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B
Coin Telegraph - 6 Oct 2024 16:14
Bitcoin short-term holders are "likely taking on more risk" amid long-term holders "likely taking profits," according to a crypto analyst.
Lego's Website Hacked to Promote 'Lego Coin' Crypto Scam
Bitcoin.com - 6 Oct 2024 15:10
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them t...
Bitcoin realized price rejections hint BTC price 'weakening' -- Analyst
Coin Telegraph - 6 Oct 2024 14:02
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory.
Nigeria's Oil-for-Naira Program, Blackrock's New Stablecoin, and More -- Week in Review
Bitcoin.com - 6 Oct 2024 13:30
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Eth...
Coinbase to Delist USDT in Europe Amid New EU Regulations
Bitcoin.com - 6 Oct 2024 12:30
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinb...
Wealthiest Man in Argentina Praises Bitcoin's Strength Against Government Intervention
Bitcoin.com - 6 Oct 2024 11:30
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes c...
DMCC and CVVC Partner to Drive Web3 Innovation
Bitcoin.com - 6 Oct 2024 10:30
The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland. The partnership aims to foste...
Last Week Featured Bullish Continuation
Bitcoin.com - 6 Oct 2024 07:30
This editorial is from last week's newsletter, Week in Review, with some slight tweaks to dates so the article makes sense. Subscribe to the newsletter to get this editorial the second it's released, which also includes ...
AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
Bitcoin.com - 6 Oct 2024 06:30
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used to expand its set of tools and raise...