Crypto News

Anchorage Digital, a federally-chartered crypto bank, has added support for rewards for holders of the stablecoin PayPal USD (PYUSD). PYUSD holders can earn the rewards by custodying their tokens with Anchorage Digital, or through the Porto wallet.  Anchorage Digital has introduced a stablecoin rewards program, allowing holders of the PayPal USD (PYUSD) stablecoin to earn rewards.  The program will benefit customers who custody their PYUSD at the crypto bank,  or use the platform’s new institutional self-custody wallet Porto. Anchorage Digital announced the feature in a blog post published on Aug. 22. “Crypto innovators want to put their treasury cash to work but cannot compromise on asset security or accessibility. That’s why Anchorage Digital is proud to work with PayPal, a publicly-traded company with a proven track record in crypto innovation to launch Anchorage Digital’s stablecoin rewards program featuring PYUSD,” Nathan McCauley, chief executive officer a...

SuperRare (RARE) has seen a 187% price surge in a week, reflecting strong NFT market growth. Poodlana (POODL) is set for a tier-1 exchange listing on August 23, 2024, after listing on Raydium and MEXC. Poodlana’s potential Binance listing and Solana connection further boost its growth outlook. SuperRare, a leading NFT marketplace, has seen its token price surge by 187% in recent weeks, reflecting growing interest in digital art. At the same time, Poodlana (POODL) , a new player in the meme coin arena, is gearing up for a major exchange listing that could further fuel its explosive growth. SuperRare (RARE) impressive surge Founded in 2018, SuperRare has established itself as a premier platform for curated on-chain art. With over $300 million in total sales and $180 million earned by artists, it has become a cornerstone in the NFT space. The $RARE token is central to SuperRare’s ecosystem, serving as both a currency for transactions and a governance tool through the RareDAO. Rec...

Aave reached a five month high above $143 with a 14% spike. Bitcoin broke to above $61,800, with price gaining 4% amid fresh crypto resilience. Aave continued to outperform peers on August 21 with a sharp ascend to its highest level in five months. Meanwhile, Bitcoin price broke above $61,800 with a 4% surge in 24 hours. AAVE spikes 14% to hit 5-month high Decentralised finance (DeFi) protocol Aave (AAVE) was among the top gainers on Wednesday after surging more than 14% to hit highs of $143. Aave’s native utility and governance token reached the level amid huge whale activity in the past few days. There was also positive news for Aave after the DeFi project’s Aave V3 deployed on ZKsync Era Mainnet. Aave V3 is debuting on Era Mainnet, powered by @zksync , unlocking unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases. pic.twitter.com/blNlUjsalX — Aave Labs (@aave) August 21, 2024 AAVE price forecast Rising ...

WOMIO presale for $WOMIO tokens starts August 21 at 19:00 CET. WOMIO platform simplifies multichain memecoin creation with staking rewards for users. The platform aims to merge memecoin fun with real-world utility and new industry standards. Multichain memecoin launching platform WOMIO has announced its upcoming presale and outlined its innovative approach to enhancing meme coin utility. Set to launch on August 21 at 19:00 CET, the presale will offer the community an exclusive opportunity to acquire $WOMIO tokens, which are designed to serve as both a proof-of-concept memecoin and a catalyst for the growth of the WOMIO ecosystem. Simplifying the process of launching meme coins WOMIO is the brainchild of a seasoned team with a proven track record in crypto investment and project development. The platform is designed to be a one-stop solution for creating and promoting memecoins while integrating features such as staking, analytics, and promotional packages. This holistic approa...

Bitfarms to acquire Stronghold Digital for $175M in stock and assumed debt. Bitfarms’ stock fell 8%, while Stronghold’s rose 60% following the news. Riot Platforms, holding 19% of Bitfarms, previously attempted a takeover in June. In a significant development within the cryptocurrency mining sector, Bitfarms (BITF), a leading Bitcoin mining company, has announced its acquisition of rival Stronghold Digital (SDIG) for $175 million. The deal, which includes $125 million in stock and the assumption of $50 million in debt, marks a strategic move by Bitfarms as it continues to navigate a competitive industry landscape. The acquisition terms specify that Stronghold shareholders will receive 2.52 Bitfarms shares for each Stronghold share they hold. This represents a 71% premium based on Stronghold’s 90-day volume-weighted average price on Nasdaq as of August 16. The stock-for-stock transaction reflects Bitfarms’ aggressive growth strategy, despite recent challenges and market volatili...

SunPump memecoin hype has seen TRON (TRX) price, volume and revenue surge. Following SunPump’s launch, the 24-hour revenue on TRON spiked to an all-time high of $3.84 million TRON (TRX) continues to lead the altcoin market’s top cryptocurrencies by market cap after experiencing significant gains over the past 24 hours. After breaking above the $0.14 resistance level reached last in late June, TRX continued higher to hit prices near $0.17 and see its market capitalization rise to over $14.3 billion. While still outside of the top 10 by market cap, the cryptocurrency is just off 10 th spot currently occupied by Dogecoin that has a market cap of $15.1 billion. TRON revenue surges amid meme coin hype As TRX price soars to see bulls target the all-time peak reached during the last bull market, there’s fresh momentum likely to make this quest achievable. This relates to the massive hype that currently surrounds SunPump, the fair launch platform for meme coins on TRON . On-chain dat...

Binance and CZ are sued for allegedly laundering stolen cryptocurrency assets. Plaintiffs claim Binance’s lack of AML and KYC controls facilitated the laundering. The case could impact blockchain analytics and crypto exchange compliance standards. Binance and its former CEO, Changpeng “CZ” Zhao, are now confronted with a new class-action lawsuit alleging their involvement in laundering stolen cryptocurrency. The complaint , filed on August 16, 2024, in the United States District Court for the Western District of Washington, accuses the defendants of facilitating the conversion of stolen digital assets into untraceable funds. Binance accused of helping criminals to obscure stolen assets The lawsuit, brought by plaintiffs Philip Martin, T.F. (Natalie) Tang, and Yatin Khanna, asserts that Binance’s crypto exchange, Binance.com, was central to a scheme enabling criminals to obscure stolen assets. According to the plaintiffs, the exchange’s operations allowed bad actors to use the...