Crypto News

Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to transact with AI tokens, bypassing traditional finance. This marks a step toward autonomous AI-driven economies and AI-enabled checkouts. This week, the cryptocurrency world took a significant leap forward as Coinbase , a leading cryptocurrency exchange, witnessed its first AI-to-AI crypto transaction. Overseen by Coinbase CEO Brian Armstrong, this event marks a groundbreaking development where AI agents autonomously executed a transaction using AI tokens. This could pave the way for AI-driven economies, with AI agents performing increasingly complex tasks through crypto transactions. Successful crypto transaction with AI agents on Coinbase The transaction, conducted on the Coinbase Developer Platform, involved two AI agents, bots designed to carry out certain tasks, exchanging AI tokens — essentially strings of data that enable learning and task ex...

Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9.5%-14.5% interest. Rhodium Enterprises, a Texas-based Bitcoin mining firm, has recently garnered significant attention following its Chapter 11 bankruptcy filing on August 24, 2024. With liabilities ranging between $50 million and $100 million, and assets valued between $100 million and $500 million, Rhodium’s financial struggles have highlighted the growing challenges within the cryptocurrency mining sector. Riot Platforms claims Rhodium owes it $26M At the heart of Rhodium’s financial distress is its strained relationship with its landlord and power supplier, Whinstone. This tension contributed to Rhodium defaulting on a $54 million loan in July, shortly before the company raised $78 million in additional lending. The strain has culminated in the filing of a lawsu...

Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is likely, and here’s what they are saying At the time of writing, Bitcoin ( BTC ) traded around $58,486 across major crypto exchanges. However, the digital asset’s price had touched lows of $57,700 on US-based crypto exchange Coinbase amid fresh selling pressure. Notably, before this latest dump, crypto analyst Miles Deutscher had shared an observation: the last few weeks have seen prices rise during Asian hours and dip during US trading hours.    “Asia bids, America dumps,” the analyst opined .  Like clockwork.. pic.twitter.com/w9LPTlj8VD — Miles Deutscher (@milesdeutscher) August 30, 2024 Potential downside to $56k? CryptoQuant head of research Julio Moreno suggests the $56k area remains key. If the price falls below this, the analyst sees a further weakness. According to Moreno, Bitcoin’s market cycle indicator has flashed b...

Binance will support Cardano and Polygon’s upcoming network events in September 2024. Cardano has its Chang hardfork scheduled for Sept. 1 and Polygon will see its MATIC to POL token transition start on Sept. 4. Binance will delist MATIC trading pairs on Sept. 10 and open POL trading pairs on Sept. 13. Crypto exchange Binance has announced that it will support the upcoming network upgrades for Cardano (ADA) and Polygon (MATIC). In separate announcements on Aug. 30, the exchange notified its customers and the broader cypto community that it would support Cardano’s Chang hard fork and Polygon’s MATIC to POL token migration. Binance to support Cardano hard fork On September 1, 2024, the Cardano network will activate its highly anticipated Chang hard fork. The upgrade that will introduce voting and treasury systems as part of Cardano’s governance and decentralization initially delayed from an expected implementation date on Aug. 27. Binance and other exchanges had been unprepared...

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network. Bitcoin Dogs price forecast Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase.  Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network. ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things ha...

BlackRock launches Ethereum ETF (ETHA39) in Brazil via BDR on B3 stock exchange. Initial trading price set between R$40-R$50 with first-year fees halved to 0.12%. Brazil now has 15 crypto-linked ETFs. BlackRock has expanded its cryptocurrency product portfolio in Brazil by launching the iShares Ethereum Trust (ETHA) via a share receipt (BDR) on the B3 stock exchange. This follows the successful introduction of BlackRock’s Bitcoin ETF (IBIT39) in the country, marking another significant step in making crypto assets more accessible to Brazilian investors. Initial trading price to range between R$40 and R$50 The iShares Ethereum Trust, trading under the ticker ETHA39, is designed to cater to both retail and institutional investors. The ETF’s initial trading price is expected to range between R$40 and R$50, representing approximately one-third of the value of the original asset that backs the BDR. The management fee for the ETF is set at 0.25% per year, mirroring the fee structu...

TON blockchain has hit another network downtime, less than 24 hours after an extended halt. According to TON, congestion related to DOGS airdrop is the main reason. The Open Network (TON) blockchain has experienced another halt in block production. Reports of the outage come less than 24 hours after TON returned online following more than six hours of downtime. On Wednesday, the TON blockchain announced the network overload had resolved and that the Telegram-linked blockchain was “back online.” However, the network stopped processing transactions, with the platform providing an update to this effect. “Block production on TON experiencing disruption beginning 19:19 UTC,” TON wrote on X. “Appears to be due to heavy load attributed to DOGS token minting. TON Core is working on a solution.” According to the update, user assets were “not at risk”. Block production on TON experiencing further disruption Block production issues began at 19:19 UTC. The disruption appears to be due t...

com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with PayPal, further expanding its offerings by integrating PayPal as a payment method for US users to purchase cryptocurrencies. This collaboration marks a significant step towards bridging traditional financial systems with the evolving world of digital currencies, aiming to make crypto more accessible to mainstream users. US citizens can use PayPal on Crypto.com The integration allows users to link their PayPal accounts with Crypto.com wallets, enabling seamless transfers and transactions. US users can now fund their crypto purchases directly through PayPal, making it easier than ever to buy a wide range of cryptocurrencies. In addition to simplifying crypto pur...

Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze function won’t be active at launch. Sky’s website is blocking VPNs further adding to the criticism following the rebrand. A day after the decentralized finance (DeFi) project Maker rebranded to Sky , the new protocol is under intense scrutiny over a freeze function in its upgraded stablecoin, USDS. Critics argue that the new stablecoin’s “freeze function,” which allows the issuer to freeze transactions, could undermine the project’s commitment to decentralization. The backlash has been significant, especially given Sky’s recent rebranding and controversial website changes. Co-founder Rune Christensen has responded to the concerns, aiming to clarify the project’s stance. Concerns over the decentralization of Maker, now Sky Some community members believe the USDS “freeze function” conflicts with the core principles of decentralization. An X user ex...

Bitcoin (BTC) touched lows near $58k as cryptocurrencies witnessed a sharp sell-off. 0DOG token tumbled amid Bitcoin’s losses. Bitcoin dived more than 6% in the past 24 hours to trade near $58,000. The crypto market capitalization also tumbled as a sea of red engulfed altcoins Major altcoins saw huge declines to push the total market cap down more than 7% to $2.16 trillion. Meanwhile, Bitcoin Dogs fell sharply as Ethereum, Solana , Pepe, and Polygon nosedived. Bitcoin slumps amid huge liquidations BTC briefly traded at lows of $58,090 on Bitstamp and $58,025 on Coinbase on Wednesday morning before a slight recovery pushed it to above $59.2k. While there hasn’t been a clear catalyst for the crypto sell-off, the widespread losses suggest a broader weakness for risk assets.  Santiment analysis also suggests the latest retracement follows huge bets on upside momentum. The greed that hit the market on August 25 has seen a swift reaction in liquidations, the market intelligenc...

Key takeaways Bitcoin is down 6% in the last 24 hours and trades below the $60k level again. POODL is now live on MEXC, Raydium, and Bingx crypto exchanges. BTC slips below $60k again The cryptocurrency market is underperforming so far this week, with the prices of most coins and tokens down 6% or more in the last 24 hours. Bitcoin has lost over 6% of its value and trades below $60k. At press time, the price of Bitcoin stands at $58,666 and could dip further if the bearish momentum continues. However, the retrace could also be a buying opportunity, allowing investors to load up on Bitcoin and other gems.  What is Poodlana? As the broader market underperforms, one of the projects investors could be looking to load up is $POODL, the native coin of the Poodlana ecosystem. The project is gathering steam amongst institutional and retail investors thanks to its unique approach to the market.  Poodlana is a Solana-based meme coin that aims to introduce the glamor of hig...

Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL) . Robinhood announced the big news on August 27, providing a positive flip in Solana sentiment as prices hovered near $155. SOL price rose slightly on the news before retreating as the broader market struggled. With support for SOL and Solana-based tokens, the wallet has added a new gateway to web3 for cryptocurrency’s fifth-largest asset by market cap. It’s also a huge boost for an ecosystem that has over $9.8 billion in total value locked and more than 1.99 million active addresses (24-hour count). Robinhood Crypto general manager Johann Kerbrat commented on the wallet’s support for SOL and SLP tokens: “Super excited to announce that the Solana network is now live on Robinhood Wallet! Starting today, you can self-cu...

Litecoin price hovers around $63 with the altcoin down over 5% in the past week and 11% over the last 30 days. According to CoinGecko, LTC has fallen 84% since hitting its all-time high above $410 in May 2021. The downtrend that has seen one of the earliest cryptocurrencies slide out of the top 10 by market cap now has small wallet holders selling as price nears a crucial support area. Market intelligence and on-chain analytics platform Santiment has highlighted a dip in Litecoin shrimp holders – wallet addresses with less than 1 LTC. These wallets have sold-off over 45,200 LTC, but analysts say this could be a “turnaround.” “Litecoin has not been lighting social forums on fire with its market value dropping -36% since its April 1st peak. A sudden liquidation of 45.2K net 0.1-1 LTC wallets indicate that small traders are finally capitulating out of the OG crypto asset. Small fish impatiently ‘jumping ship’ is often a turnaround sign for an asset to begin turning bullish once agai...

Bitcoin Dogs (0DOG) drops 49% from debut, but strong trading volume shows investor interest. Integration with Bitcoin blockchain and gaming features supports long-term growth. Controlled token release and upcoming developments may drive future price recovery. As the broader cryptocurrency market experiences a downturn, Bitcoin Dogs (0DOG) is not immune to the pullback. Despite an initial surge in price following its debut, 0DOG has seen its value drop by nearly 50%. However, beneath the surface of this decline lies a narrative of resilience and potential, driven by strong trading volumes and a series of upcoming developments that could reignite investor interest. Market pullback and 0DOG price drop The global cryptocurrency market has recently witnessed a decrease in overall value, with the total market cap now standing at $2.21 trillion, marking a 1.27% decrease over the last day. Major cryptocurrencies like Bitcoin (BTC) , Ethereum (ETH) , and Binance Coin (BNB) have all s...

SEC has charged Abra with securities violations related to the crypto platform’s Abra Earn program. The regulator previously charged Genesis and Gemini crypto exchange over securities violations related to Gemini Earn. The US Securities and Exchange Commission has charged crypto platform Abra with the offer and sale of unregistered securities. SEC’s charges filed against Plutus Lending LLC allege that Abra’s retail crypto lending product Abra Earn was offered to US investors. The platform began offering the product in July 2020 and at its peak had nearly $500 million of its $600 million in assets from investors in the US. SEC alleges Abra operated as unregistered investment compny According to the SEC, Abra marketed its Earn product promising interest to investors and that the platform used investor funds on various income-generating activities. The effort also helped the company fund interest payments. The SEC alleges therefore that Abra offered the Earn program as a security...

DOGS launched on exchanges on Aug. 26, with on-chain claims open to millions of Telegram and TON users. Services for crypto exchanges such as Binance and Bybit slowed. Telegram Wallet announced on Monday that the launch of TON-based meme coin Dogs (DOGS) had many crypto exchanges experiencing disruption to their services. The announcement followed similar updates from Binance and Bybit, top tier exchanges that listed the meme token for trading on Aug. 26. Telegram Wallet reports disruption amid DOGS launch DOGS token’s on-chain claims and trading debut saw the Telegram Wallet’s functionality slowed as millions of holders began claiming tokens. “The $DOGS release has created quite a buzz! Several crypto exchanges, as well as Wallet (albeit partially), are running less smoothly than usual. Our exchange feature is temporarily unavailable, but don’t worry — we’re working hard to resolve this and get everything back to normal soon,” Wallet wrote . Bybit also provided an update noti...

Tether CEO Paolo Ardoino has added his voice to the many calls for the release of Telegram CEO Pavel Durov. French law enforcement arrested Durov at an Airport in Paris. Toncoin (TON) price declined sharply after the news. In a post on X , the Tether chief executive officer Paolo Ardoino noted that Durov’s arrest is troubling and that the society should not allow itself to “lose the battle to defend freedom of speech.” “The arrest of Pavel Durov for enabling free speech communications through Telegram is very concerning. If we, as a society, lose the battle to defend freedom of speech and communication, nothing else won’t matter, dark ages will be our future,” Ardoino wrote. Telegram on EU compliance Ardoino’s comments on August 26 follows Durov’s arrest in France over the weekend. In a statement on Monday, Telegram said it fully complies with European Union regulations, noting that it was “absurd” to claim abuse of the messaging app is the owner’s responsibility. “Telegram ab...

Shiba Inu (SHIB) is launching a DAO to give holders a voice in governance. The DAO will feature two councils: Charity and Culture & Heritage. SHIB’s price is down 82.4% from its 2021 peak, despite growing real-world use. Shiba Inu (SHIB), the leading meme coin and the 13th-largest cryptocurrency by market capitalization, is preparing to launch its own Decentralized Autonomous Organization (DAO). Announced by the project’s marketing head “Lucie” on August 25 in a comprehensive post on X , this move marks a pivotal shift in the meme coin’s governance structure, empowering its community with a more significant role in shaping its future. From a community-driven experiment to a major player in crypto Shiba Inu, which began as a community-driven meme coin experiment in 2020, has evolved from a modest digital asset into a major player in the cryptocurrency landscape. Created by the enigmatic Ryoshi, Shiba Inu started with no clear purpose other than to test the possibilities of a...

Avalanche and ZKsync Discord servers were compromised within 48 hours of Polygon. Attackers shared fake links promising free tokens, exploiting both communities. Avalanche resolved their issue within an hour, while ZKsync’s breach remains unaddressed. Over the weekend, the blockchain community was rocked by a series of Discord server compromises that began with Polygon and quickly spread to Avalanche and ZKsync. The incidents, which involved the distribution of malicious links promising fake token distributions, highlight a growing trend of security breaches targeting cryptocurrency projects. These attacks not only undermine trust but also pose significant risks to users’ assets. Phishing links shared after Avalanche Discord compromise On August 25, Avalanche’s official Discord server was compromised, with attackers posting fraudulent links claiming to offer free AVAX tokens. The official Avalanche account promptly alerted users to avoid interacting with or clicking on any li...

Solana reclaimed the $160 level over the weekend to see SOL bulls reach the highest level since August 9. As a whale doubles down on SOL, what’s the outlook for Bitcoin Dogs? Bitcoin recovered from a slight setback to trade above $64,000 on August 25, with this coming as the market reacted to news of the arrest of Telegram founder Pavel Durov. Despite the double-digit dips for Toncoin, Bitcoin held near $64k and Solana retested the $160 price level, while traders continued to show bullishness for Bitcoin Dogs . Whale stakes $4.5 million Solana (SOL) News of Telegram founder Pavel Durov’s arrest in France attracted negative reaction across crypto. Top coins declined alongside Toncoin (TON), the cryptocurrency powering The Open Network blockchain that’s increasingly being integrated with encrypted messaging platform. Here’s a comment from Edward Snowden: The arrest of @Durov is an assault on the basic human rights of speech and association. I am surprised and deeply saddened t...

WazirX will resume INR withdrawals in phases starting August 26, 2024. Users can withdraw up to 66% of INR balances, with fees reduced by 60%. Crypto withdrawals remain suspended as WazirX implements a Singapore Scheme. Indian cryptocurrency exchange WazirX has announced a phased resumption of Indian Rupee (INR) withdrawals starting August 26, 2024, following a major cyberattack in July that led to a substantial loss of funds. The hack, which resulted in over $230 million being stolen, prompted the exchange to halt all withdrawals and trading to mitigate the impact and assess the situation. Crypto withdrawals remain suspended In a recent update, WazirX revealed that while cryptocurrency withdrawals will remain suspended, INR withdrawals will begin in stages. Users will be able to withdraw up to 66% of their INR balances, with the process unfolding in two phases. Between August 26 and September 8, users can withdraw up to 50% of their INR balances. From September 9 to Septembe...

Bitcoin Dogs (0DOG) surged by over 2.7x on debut, now stabilized around $0.03. Sun Token (SUN) has risen by over 127% to a high of $0.02568, driven by positive Tron ecosystem developments. Both 0DOG and SUN are poised for growth, with bullish trends and strong fundamentals. As the cryptocurrency landscape evolves, certain tokens are making significant waves, capturing the attention of investors and analysts alike. Bitcoin Dogs (0DOG) and Sun token (SUN) are two notable examples, each experiencing substantial growth amid a bullish market. This article delves into the recent performance of these tokens and offers insights into their future trajectories, reflecting the broader bullish sentiment in the crypto space. Bitcoin Dogs (0DOG) pump after listing, can it maintain the momentum? Bitcoin Dogs ($0DOG), the world’s first ICO on the Bitcoin BRC20 token, has made a remarkable entrance into the cryptocurrency market. The $0DOG token has been listed on three major exchanges: MEXC, ...

Sony launches Soneium blockchain to drive mainstream web3 adoption. Soneium focuses on scalability, built on Optimism’s Superchain. Soneium rollout will be in a three-phase plan: onboarding developers, integrating Sony products, and expanding to enterprises. Sony has officially entered the blockchain arena with the launch of its own network, Soneium, developed in collaboration with Singapore-based Startale Labs. The initiative, unveiled on August 23, marks a significant step in Sony’s strategy to push web3 technology into the mainstream. Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td — Soneium 💿 (@soneium) August 23, 2024 The Soneium blockchain Soneium is designed as a public Ethereum layer-2 network, built on Optimism’s ...