crypto
Binance Coin (BNB), the native token of the BNB Chain, has experienced a remarkable surge, extending its recovery streak for the third consecutive week. As of August 22, 2024, BNB’s price reached approximately $574.93, marking a 3.2% increase over the last 24 hours and a notable 8.8% rise over the past seven days which adds to the 179.1% rise over the past 12 months. This impressive performance is fueled by several key factors, including Binance’s strategic expansion of its compliance team, dovish signals from the Federal Reserve, and a market environment that continues to favor the cryptocurr...
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The cryptocurrency market showed signs of a strong recovery on August 22, with Bitcoin holding steady above the crucial $60,000 mark. This stability, coupled with positive economic updates, has boosted investor confidence in risky assets, leading to significant gains in several altcoins. Among the top performers were POPCAT, io.net (IO), and Fantom (FTM), each surging up to 35% over the past 24 hours. Bitcoin, the bellwether of the digital asset market, maintained its position above $60,000, trading at $60,601.23 at the time of writing. Ethereum, the second-largest cryptocurrency by market cap...
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Some cryptocurrency exchanges that have applied for a license to operate legally in Hong Kong might see some of their applications revoked before final approval. A report from Bloomberg states that Hong Kong’s Securities and Futures Commission (SFC) has found shortcomings in some applicants who are currently “deemed to be licensed.” The regulator has found some virtual asset trading platforms (VATPs) lacking in security. The SFC discovered the problems while conducting on-site inspections of the applicant’s offices to corroborate compliance with the regulator’s requirements. On June 1, 2024, t...
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Franklin Templeton, a leading global asset management firm, has further advanced its digital asset initiatives by expanding its pioneering blockchain-integrated money market fund, Franklin OnChain US Government Money Fund, to the Avalanche network. The expansion reflects Franklin Templeton’s commitment to integrating traditional finance with decentralized finance (DeFi), marking a significant step in the firm’s innovative approach to financial services. It aims to enhance institutional investor access to digital finance by leveraging blockchain technology for record-keeping. Why did Franklin T...
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In the dynamic world of cryptocurrency, trading bots like Banana Gun and Bitbot have emerged as key players, each offering distinct advantages to traders. Launched in early 2023, Banana Gun started with a modest valuation of around $10 and has since experienced significant growth. On the other hand, Bitbot, a newer entrant, has garnered attention with its innovative auto-trading software, Bitbotapp, which supports over 15,000 cryptocurrencies and is already used by over 600,000 clients globally. Banana Gun’s BANANA token surgesBanana Gun has shown remarkable resilience and growth, with its tok...
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Zilliqa (ZIL) started the week with a bullish stance after breaking above a descending wedge pattern on Monday. Consequently, the altcoin saw a notable uptrend to trade at $0.01440 during this publication – a nearly 5% jump. ZIL to extend upsurgesThe altcoin exhibits a bullish outlook after a 3.50% increase over the past day. Further, on-chain data from Coinglass suggests an upside continuation for Zilliqa in the coming sessions. The rising open interest while the long-to-short ratio stays above one confirms ZIL’s bullish trajectory. Zilliqa postponed its upward move yesterday, 21 August, afte...
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The rapidly evolving memecoin ecosystem is set to take a significant step forward with the launch of WOMIO, a new platform designed to enhance the utility and adoption of memecoins. WOMIO token presale went live on August 21 at 19:00 (CET), providing the community with an opportunity to acquire $WOMIO tokens. These tokens are not just another memecoin offering but are intended to be the foundation of a dynamic ecosystem that simplifies multichain memecoin launches and introduces new use cases. $WOMIO token presale and its role in the ecosystemThe $WOMIO token will serve as both a proof-of-conc...
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Bitcoin (BTC) started 2024 on a bullish note, with optimistic developments such as spot exchange-traded funds approval and the halving. While the bellwether crypto wavers around the 60K mark, historical stats show Bitcoin witnesses record surges in Q4 of halving years. Thus, experts predict massive uptrends for BTC in the upcoming month, and new Bitcoin Dogs ($0DOG) looks to capitalize on such trends for extended rallies. Bitcoin Dogs is a new crypto asset that attracted attention during its presale as the first ICO on the Bitcoin blockchain. Bitcoin Dogs became one of the hottest ICOs of 2024...
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Crypto scammers target fast food giant McDonald’s Instagram account to promote a sham memecoin launched on Solana-based pump.fun. On August 21, the official Instagram account for McDonald’s was spotted posting multiple posts about a new token based on the company’s purple mascot Grimace. The posts were broadcast to over 5.1 million of the restaurant chain’s global followers. Instagram fiascoAccording to screenshots of the now-deleted posts, the scammers advertised the GRIMACE token as a “McDonald’s experiment on Solana.” However, the blockchain analytics platform Bubblemaps suggested that the ...
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The top meme crypto, Dogecoin (DOGE), saw a 6% surge on 20 August as bulls targeted a $0.11 retest. The upsurge triggered a substantial increase in trading volume. However, the altcoin could not keep the momentum and had erased all the gains at press time. With Dogecoin reflecting prolonged consolidation, meme coin enthusiasts seem to shift to the new Solana-based Poodlana (POODL). Poodlana made waves recently after the successful completion of its limited-time-only presale, where it raised 8 million. While the presale ended, Poodlana developers have ensured the initial excitement remains. The...
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