Trump-themed meme coins surged as the odds of the former U.S. president winning the 2024 election increased on prediction markets. MAGA Hat (MAGA), a prominent Trump-inspired token, saw its price increase by 23.8%, bringing its market valuation to $68.7 million.…
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DeFi Report: Ethereum generated $261m in fees in Q3, its worst performance since Q4 2020 [btcmanager]
In a recent analysis published by the DeFi Report, Ethereum’s network fees generated $261 million in Q3-2024, down 47% compared to the last quarter. Ethereum’s layer 1 fees in Q3 were the lowest the network has seen since Q4 of…
WATCoin price soars 40% following Animoca Brands’ pledge to buy more tokens [btcmanager]
Blockchain venture capital firm Animoca Brands said it plans to purchase more WAT tokens from the open market, propelling the token’s price up by 40%. Hong Kong-based game developer and venture capital firm Animoca Brands is planning to buy more…
BONK spikes 8%, but bears mount resistance at critical levels [btcmanager]
Solana-based meme coin Bonk has become the top gainer among the 100 largest crypto assets in the past 24 hours following a recent price surge. Its latest recovery has been powered by renewed market optimism. However, the bulls now face…
Web3 security firm’s mistake exposes victims of $50m exploit to wallet drainer [btcmanager]
Victims of DeFi lender Radiant Capital’s exploit were thrown into further disarray when a security firm erroneously shared a link to a wallet drainer while attempting to help them. On Oct. 17, web3 security startup Ancilia was criticized for its…
Chainalysis: North America received over 22% of on-chain value since July 2023 [btcmanager]
North America remains the top spot for the crypto market, accounting for about $1.3 trillion, or 22.5% of on-chain activity on the international level, data from Chainalysis shows. Cryptocurrencies keep concentrating in North America despite unclear local regulatory climate, as…
Italy mulls raising Bitcoin capital gains tax above 40% as crypto gaining momentum: report [btcmanager]
Italy is considering raising its capital gains tax on crypto to 42% as part of efforts to reduce the fiscal deficit. Bitcoin (BTC) holders could soon face nearly two-fold tax increase in Italy, as the government plans to raise the…
Italy mulls raising Bitcoin capital gains tax above 40% as crypto gaining momentum: report [btcmanager]
Italy is considering raising its capital gains tax on crypto to 42% as part of efforts to reduce the fiscal deficit. Bitcoin (BTC) holders could soon face nearly two-fold tax increase in Italy, as the government plans to raise the…
FTX’s Nishad Singh asks to be spared from prison sentence [btcmanager]
Former FTX head of engineering, Nishad Singh, urged a Manhattan federal judge to exempt him from a prison sentence for his role in the fall of the cryptocurrency exchange platform. As reported by Bloomberg on Oct. 16 lawyers representing Nishad…
Crypto market enters ‘greed’ zone as Bitcoin hikes further [btcmanager]
The crypto market sentiment is seeing a major shift as leading digital assets continue their bullish momentum. According to data provided by CoinMarketCap, the crypto fear and greed index entered the 60 zone today, signaling slightly greedy market conditions. This…