Category Archives: social

ETC Soars 28%, ETH Up 7% on Bellatrix Upgrade Day (Market Watch)

While bitcoin continues to trade in a tight range below the $20,000 mark, some alternative coins have gone on a tear. Interestingly, Ethereum and Ethereum Classic have stolen the show, as the latter has soared by double-digits. ETH and ETC Skyrocket With the long-anticipated Merge right around the corner, the Ethereum community is getting more… Read More »

What is the Bellatrix Hard Fork: Ethereum’s Last Upgrade Before the Merge

Ethereum is on the precipice of transitioning to a Proof-of-Stake (PoS) consensus algorithm, and the Bellatrix hard fork is the last major upgrade before the actual Merge takes place. Bellatrix is taking place today, September 6th, scheduled for epoch 144896 on the Beacon Chain. Here’s everything you need to know about it. TLDR: The Merge… Read More »

Fake Ponzi Scheme Reportedly Raises $100K in a Bid to Boost Awareness

Popular cryptocurrency influencer and a well-known member of the community – FatManTerra – took it to Twitter to reveal that he deliberately created a fake Ponzi scheme to raise funds. The initiative supposedly saw upwards of $100,000 worth of BTC in investments. In two hours, I received over one hundred DMs. I raised 3.45% BTC from Twitter… Read More »

LG Taps Hedera Blockchain for NFT Marketplace

Seoul-based TV giant LG Electronics announced the launch of its non-fungible token (NFT) marketplace – LG Art Lab – potentially opening up NFT collecting to a much broader audience. With the latest platform, based on the Hedera blockchain, users will be able to explore, buy, sell and trade NFTs on LG’s smart television sets. LG… Read More »

Australian Federal Police Established a Crypto Unit to Target Criminals (Report)

The Australian Federal Police – an independent agency responsible for investigating crime and protecting the country’s national security – reportedly formed a new cryptocurrency unit. The goal is to detect criminals who use digital assets in their activities, such as money launderers, and bring them to justice. Applying strict regulations on the digital asset sector… Read More »

How to Benefit from Ethereum’s Merge: CoinGecko’s Co-Founder Hints

With the much-anticipated Ethereum Merge only days away, Bobby Ong, co-founder and COO of major cryptocurrency data aggregator CoinGecko, has shared some ways on how ETH holders can best take advantage of the upcoming event. In a tweet thread on Monday (September 5, 2022), Bobby Ong said that one of the best ways for existing… Read More »

UK Regulators Slam Crypto-Friendly Revolut Over Flawed Audits: Report

UK digital bank Revolut has come under the regulator’s scrutiny for inconsistencies in its auditing process. Citing sources familiar with the matter, FT reported that the Financial Reporting Council (FRC) criticized an audit by accountancy firm BDO of an unidentified “financial services provider” as “inadequate.” The FRC further revealed that the “risk of an undetected… Read More »

UK’s New Prime Minister Advocated for Pro-Crypto Regulations

The United Kingdom finally has a new Prime Minister of the United Kingdom in the face of Liz Truss, who spoke positively about the cryptocurrency industry several years ago. To become the UK’s next PM, Truss was chosen over Rishi Sunak (Chancellor of the Exchequer from 2020 to 2022), who also favors digital assets. Earlier… Read More »

Bank of Russia to Greenlight Cross-Border Payments With Crypto (Report)

In a rather swift departure from its prewar crypto stance, the Bank of Russia is weighing in on the possibility of legalizing crypto for facilitating cross-border payments in the near future. As local news agency TASS reported, the country’s central bank and the Ministry of Finance have agreed that “it is impossible to do without… Read More »

Bitcoin Flat Around $20K as Volume and Volatility Plunge (Market Watch)

After bitcoin lost the coveted $20,000 mark during the weekend, the asset has remained stuck below it, while the trading volume is missing. Most altcoins are also quite stagnant on a daily scale. Chainlink is among the few notable performers, with a 5% increase. Bitcoin Stalls Below $20K Bitcoin attempted to recover some ground on… Read More »