Web3 - Crypto News And Market Updates

Illustration representing US markets and blockchain migration, with digital locks, network nodes, and symbols of financial infrastructure transition

Canadian Crypto Exchange ezBtc Accused of Gambling Away $9.5 Million in User Funds

August 13, 2024 Gonzalo

Canadian crypto exchange ezBtc accused of gambling away $9.5M in user funds, leading to its dissolution. Sanctions against founder expected soon.

Cumberland Deploys $1 Billion in Tether as Crypto Market Shows Signs of Recovery

August 13, 2024 Gonzalo

Cumberland deployed $1B in Tether to major exchanges during a crypto market recovery, possibly capitalizing on the recent market dip for profit.

Illustration representing a core blockchain network with interconnected nodes, data blocks, and secure infrastructure.

Trudeau’s Rival Pierre Poilievre Pushes to Ban Central Bank Digital Currency in Canada

August 12, 2024 Gonzalo

Pierre Poilievre vows to ban a central bank digital currency in Canada, advocating for the protection of cash and resisting government digitization.

Tether’s USDT Achieves $115B Market Cap Milestone

August 10, 2024 Gonzalo

Tether’s stablecoin USDT surpasses a $115 billion market cap, showcasing its growing adoption as a stable digital dollar in the cryptocurrency market.

Blockchain

Solana DePIN Project Raises $18M To Build Decentralized Internet

August 8, 2024 Gonzalo

Andrena, a Solana-based DePIN project, raises $18M to expand its decentralized internet services using the DAWN protocol, democratizing internet access.

US Senators Urge CFTC to Ban Betting on 2024 Presidential Election

August 6, 2024 Gonzalo

US Senators and Representatives call for a ban on 2024 election betting, citing risks to democracy and concerns over platforms like Polymarket.

Illustration showing SpaceX-related Bitcoin transfers with spacecraft and on-chain movement visuals.

Bybit Launches Pre-Market Perpetuals for Early Trading

August 6, 2024 Gonzalo

Bybit introduces Pre-Market Perpetuals, allowing traders to speculate on future token values with up to 5x leverage, enhancing early trading strategies.

Coinbase stock illustration with upward chart and crypto symbols, representing analysis and price outlook for Coinbase shares.

Coinbase International’s Perpetual Futures Trading Volume Soars to $38 Billion

August 5, 2024 Gonzalo

Coinbase International Exchange reports record-breaking $38 billion in perpetual futures trading volume for July, the highest since May 2024.

Federal Reserve themed illustration with Bitcoin and financial charts, representing interest rate cuts and their impact on crypto markets.

Wharton Professor Siegel Urges 75bps Rate Cut as Crypto Plunges

August 5, 2024 Gonzalo

Wharton professor Jeremy Siegel urges the Fed to cut rates by 75bps as crypto markets and traditional stocks plummet on escalating recession fears.

AI-powered crypto analysis illustration featuring a humanoid robot and market data, representing probability-based crypto forecasting tools.

OpenAI Holds Back ‘Highly Accurate’ AI Content Detection Tool Over Stigmatization Concerns

August 4, 2024 Gonzalo

OpenAI delays its ‘highly accurate’ AI content detection tool, citing concerns about stigmatization of non-English speakers and potential for tampering.