BLOCKCHAIN

Crypto.com Mistakenly Sent $10.5 Million to Client Instead of a $100 Refund

[ad_1] Crypto.com According to 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari got a AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made an error in giving a AUD$100 refund. An employee reportedly inserted an account number in the payment box instead of the return amount, resulting in an incorrect transfer to their bank account. According to court filings, the beneficiary utilized a portion
BLOCKCHAIN

OpenSea Turns Into NFT Ghost-Town After Volume Downs 99% In 3 Months

[ad_1] A continuing debt issue at lending platform BendDAO raises the prospect of the NFT bubble imploding. As concerns about a potential market bubble mount, daily volumes on OpenSea, the world's most significant nonfungible token (NFT) marketplace, have dropped significantly. OpenSea Volume Plummets to Yearly Lows Notably, the marketplace executed about $5 million in NFT transactions on August 28 — roughly 99% less than its record high of $405.75 million
Bitcoin News

Founder Of Polygon, Sandeep Nailwal, Raises $50M For Web3 Fund

[ad_1] Polygon Founder Symbolic Capital is the newest venture company to strongly emphasize Web3, gaming, and NFTs. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has collected $50 million for a new startup fund targeted at Web3 firms, highlighting venture capital's rising interest in the blockchain-powered internet. According to the business, Nailwal's venture firm, Symbolic Capital, is supported by bitcoin protocols, exchanges, crypto-focused auditing companies, and other venture
ALTCOIN

Arcane Predicts Bitcoin Mining Will Price Much less Than 0.5% Of World Power if Btc Hits $2M

[ad_1] In keeping with current Arcane Analysis predictions, Bitcoin is likely to be a big vitality person in 2040 if its value reaches a number of million {dollars}. In keeping with new projections by Arcane Analysis, Bitcoin (BTC), the world's most respected cryptocurrency, has the potential to be a big vitality shopper sooner or later, however provided that it reaches a number of million {dollars}. Arcane Research, a cryptocurrency analysis
Bitcoin News

Are Paper Bitcoin Wallets Still Safe?

[ad_1] Reading Time: 2 minutes Paper Bitcoin wallets were the only way to store your bitcoin offline for many years There are however several security concerns around the practice now Are paper Bitcoin wallets still safe or should the idea be shredded for good? With all the variations of Bitcoin wallet available now, the concept of a paper Bitcoin wallet seems archaic. However, even though hardware wallets have been on
BLOCKCHAIN

Gamestop NFT Daily Fee Income Falls Below $4,000 As Market Meltdown Spreads

[ad_1] GameStop NFT has produced over $166,800 in sales volume in the last 24 hours; yet, with the platform collecting only a 2.25% charge on NFT purchases, the statistic corresponds to only $3,753 in income. Daily income for GameStop's nonfungible token (NFT) marketplace has dropped to less than $4,000, indicating that interest in the platform has decreased dramatically since its introduction in mid-July. At the time of writing, the HyperViciouZ
BLOCKCHAIN

South African Reserve Bank Supports Friendly Crypto Operations

[ad_1] According to the banking regulator, minimizing risk by disconnecting crypto-related consumers may represent a "threat" to financial integrity. The Reserve Bank of South Africa's Prudential Authority advised its subsidiaries to avoid illegal activity, asking banks not to terminate all links with bitcoin. It implied that such an act might pose a higher risk in the long term. Prudential Authority CEO Fundi Tshazibana signed the formal notification. Certain South African
BLOCKCHAIN

Binance Receives Approval In-Principle to Operate in Kazakhstan

[ad_1] The biggest cryptocurrency exchange has received a regulatory license to operate as a digital asset service provider in France, Bahrain, Spain, and Dubai since 2022. The Astana Financial Services Authority, or AFSA, an independent financial services regulator in Kazakhstan, has allowed the country's largest cryptocurrency exchange, Binance, to operate. AFSA announced Monday that it had granted Binance in-principle authorization to operate as a digital asset trading facility and provide
ALTCOIN

The Ethereum Merge on Course After the Goerli Test Merge Was Successfully Completed

[ad_1] With the Goerli merger completed successfully, there is rising optimism that the Ethereum Merge scheduled for mid-September will not be delayed further. Goerli was the last surviving testnet to undergo the Merge, officially becoming a proof-of-stake (PoS) blockchain at 1:45 a.m. UTC on August 11. The Goerli testnet merge was completed today without incident, implying that the projected Ethereum Merge date of September 19 will not be pushed back.
BLOCKCHAIN

Bitcoin Dominance Falls to a 6-Month Low as a Metric Declares a New ‘Alt Season.’

[ad_1] This month, Bitcoin (BTC) is facing new competition from altcoins, as data suggests that – technically — it is already "alt season." BTC now accounts for 41% of the total crypto market cap, its lowest market share since January. According to CoinMarketCap and TradingView data, BTC currently accounts for roughly 41% of total crypto market capitalization - its lowest since the beginning of 2022. Bitcoin Sheds Market Cap Prowess