Author: Max Bauer
A lucky crypto trader has turned an initial investment of $800 into a staggering $3.5 million, thanks to the meteoric rise of the Moo Deng meme coin. The anonymous trader, identified by their Solana wallet address “Db3P,” purchased 6 SOL worth of Moo Deng just four hours after its launch on September 10th. This early bet has paid off handsomely, as the token’s value has skyrocketed to over $0.14 per token, representing a 56% increase in the past 24 hours. While the trader’s identity remains a mystery, their incredible success has sparked speculation and accusations on Twitter. Some users have…
Bitcoin (BTC) has seen a surge in price, buoyed by positive U.S. jobs data and growing optimism around China’s stimulus measures. According to Nansen analyst Aurelie Barthere, bitcoin’s recent underperformance compared to U.S. and Chinese equities is due to the perceived domestic focus of Beijing’s stimulus packages. Barthere noted, “Hang Seng and Chinese equities have outperformed bitcoin since the stimulus was announced. One reason could be that the Chinese measures primarily affect the domestic economy rather than having a global or U.S. economic impact.” Meanwhile, analysts at Bitfinex have expressed concerns about market uncertainty, which has been hindering passive flows…
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a stark warning to the cryptocurrency industry Thursday, asserting its long-term survival depends on robust investor protections. In an interview with CNBC’s Squawk Box, Gensler reiterated his concerns about the lack of regulatory oversight within the sector, highlighting the devastating consequences of recent market turmoil. The past year has witnessed a string of high-profile collapses, including the spectacular implosion of FTX, the bankruptcy of Three Arrows Capital, and the downfall of crypto lenders Celsius and Genesis. These events, resulting in tens of billions of dollars in losses, have left investors…
The popular clicker game Hamster Kombat, closely linked to Telegram, has officially launched its token, HMSTR, for trading. An airdrop of 60 billion tokens was distributed to 131 million qualifying user accounts, based on their participation during Season 1 of the tap-to-earn game on the TON blockchain. Trading for HMSTR tokens began on Thursday morning, with the token listed on several centralized exchanges including Binance, OKX, Bitfinex, and Bitget. The 60 billion tokens represent 60% of the total supply of 100 billion HMSTR tokens, while another 15% is scheduled to be dropped during Season 2. The TON Core team has…
Bitdeer Technologies Group, a blockchain technology company, today announced a significant milestone in its commitment to advancing bitcoin mining efficiency. The company’s latest bitcoin mining chip, SEAL02, has successfully completed testing in collaboration with TSMC, demonstrating an impressive energy efficiency ratio of 13.5J/TH. The SEAL02 chip will be integrated into Bitdeer’s forthcoming SEALMINER A2 mining machine, which is slated for mass production by the end of 2024. Linghui Kong, Chief Business Officer of Bitdeer, expressed enthusiasm for this achievement, stating, “We are delighted to have reached SEALMINER’s power efficiency target as outlined in our roadmap. Our unwavering dedication to research…
In a detailed 80-page document released recently, Vice President Kamala Harris and Minnesota Governor Tim Walz outlined their ambitious economic strategy aimed at bolstering America’s competitiveness in critical sectors. This plan emphasizes a dual approach: modernizing traditional industries while simultaneously investing in emerging technologies. One notable mention in the report is the inclusion of digital assets, which appears only once on page 56. This mirrors Harris’s recent remarks at a Wall Street fundraiser, where she highlighted the importance of innovation in the digital landscape. According to the document, “Vice President Harris and Governor Walz will sharpen America’s edge in sectors…
Telegram has announced it will temporarily restrict the use of its in-app wallet function for British residents. The popular messaging app is taking this step to comply with the Financial Conduct Authority (FCA) regulations and ensure it is registered as a corporate asset provider. According to official news, the restriction will remain in place until Telegram obtains the necessary regulatory license. The company has emphasized that this is a temporary measure and that it is committed to resuming wallet functionality for UK users as soon as possible. This announcement comes on the heels of recent controversies surrounding Telegram’s privacy policies.…
As the highly anticipated Hamster Kombat token airdrop looms closer, the team behind the popular clicker game has unveiled their plans for the future. In a recent announcement, Hamster Kombat revealed their roadmap, which includes the launch of Season 2, a token buyback strategy, NFT integration, and the development of a progressive web app (PWA). Season 2, set to launch in the coming weeks, will seamlessly connect the platform’s content, including the Hamster Kombat metagame and third-party games. To incentivize players, the team plans to use advertising revenue to buy back tokens from the market and redistribute them to players…
Terraform Labs has announced that it is in talks with third parties to take over operations of some of its products and services. However, in the event that these discussions do not materialize, the company has announced that it will be shutting down these products on October 30, 2024. The products and services that are set to be shut down include: Products: Services: Terraform Labs received court approval for a bankruptcy last week after reaching a settlement with the SEC. The company had agreed to pay a $4.47 billion penalty to the SEC in January. Terraform Labs was the company…
PayPal, a leading online payments platform, has announced a significant expansion of its cryptocurrency services. Starting today, U.S. merchants using PayPal Business Accounts will be able to buy, hold, and sell cryptocurrency directly within their accounts. This new feature builds upon PayPal’s existing cryptocurrency offerings, which were initially introduced to consumers in 2020. By enabling businesses to engage with digital currencies, PayPal aims to further increase the utility and adoption of cryptocurrencies. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital…