Author: Kent Tenix

Solana ETF Cboe BZX’s 19b-4 filings face rejection from the United States Security and Exchange Commission based on two basic reasons. On July 8, Solana, VanEck, and 21 shares submitted a 19b-4 filing for the United States SEC’s approval to launch Solana for trade on CBOE. The first reason for not getting the approval can be the stance of the SEC on Solana. Previously SEC marked some of the digital assets as securities and Solana is one of them, this is the second major cause for not getting approval from the authorities. As a result, Solana withdrew its application from…

In the last trading week, Solana users fell victim to a malicious Chrome extension. While using this extension, users can interact with Dapps as normal but end up transferring their holdings to some other wallet upon transaction completion. A Solana-based decentralized aggregator Jupiter issued a red alert for the malicious Chrome extension named “Bull Checker.” Several subreddits associated with the well-known “Ethereum killer” have been deliberately targeted by the malicious extension. With the collaboration of Offsidelabs, Jupiter was able to find the potential threats and analyze their seriousness. A Bull Checker is a simple, limited application by which you can…

A UAE’s government-owned bank, Ras Al Khaimah joined hands with a crypto service provider Bitpanda Technology Solution. This collaboration enables RAKBANK to get into the market and sell and buy in the available digital assets making it among the leading firms in the digital asset market. The agreement will allow RAKBANK customers to engage in a range of industries that involve the use of digital assets once the proposed use is approved by the Central Bank of the UAE. Hoping that this initiative will offer, some of the most extensive digital asset services in the UAE market. While speaking to…

Ethereum Co-founder, Vitalik Buterin sends 400 ETH (or roughly $1.05 million) to a privacy-focused crypto mixer, Railgun. Although the reason for this action is yet unknown, it is generating attention because Ether has outperformed Bitcoin by almost 4% over the past seven days. Ether is now rebounding after it has experienced losses in recent months. 28% fall has been observed over the past ninety days and by 23% over the previous thirty days in the value of the second largest cryptocurrency. Vitalik’s Railgun Move Raises Suspicious As per Arkham data, Vitalik Buterin transmitted 400 Ether to a new address beginning…

The seventh largest cryptocurrency, Ripple (XRP) started its new week with big green candles after being bearish for the last two weeks. The token leaves all its competitors behind making a tragic upward trend, as this could be the biggest breakout in price history. Source: Trading View It is the most current pattern of lower high and higher low, where two trading lines join at the bottom Candlestick pattern. That is why it destabilizes the price cycle when the volatility shrinks, and when a critical point is achieved. Following the pattern formed in 2018, this year XRP spiked by 60,000%,…

The Indian exchange WazirX suffers a massive hack, resulting in the loss of over $230 million belonging to customers. They temporarily suspended withdrawals from the accounts but proceeded to upload the account balances.  The exchange also engaged in addressing the issue of one of its Safe Multisig wallets that had been impacted by the hack. As per the Natural Language Processing results, it was found that the largest Bitcoin exchange in India, WazirX was hacked which initiated loss of $234 million of the client’s deposits. They agreed that the hack occurred about a month ago, on July 18th, and compromised…

Bitcoin dips as analysts predict potential price drops before a surge post-election. Learn how historical patterns could influence Bitcoin’s next big move. The current movement in Bitcoin’s price resembles trends from past U.S. election years, suggesting that its recent lack of momentum might soon give way to a significant shift. On August 16, analyst Matthew Hyland highlighted that Bitcoin’s recent period of stability, followed by a drop below $50,000 at the start of August, is similar to what happened in 2012, 2016, and 2020 before U.S. presidential elections. Historical patterns and future predictions “I’ll go back to August 2012, a…

As discussions with stakeholders continue, their feedback will play a key role in building a strong AI policy. The South African Department of Communications and Digital Technologies has released a national policy framework, marking a big step toward making the country a leader in artificial intelligence. Local reports highlight this as an important “first step” in creating a full AI policy for South Africa. The department is now gathering input from the ICT industry and other stakeholders to fine-tune the policy. How South Africa AI policy aims to boost technology The department said that when the AI policy is finished,…

Bitcoin downtrend signals as futures’ total open interest hit $29 billion on August 16, despite Bitcoin’s price falling. This suggests Bitcoin might still have “more room to fall,” according to crypto analysis platform CoinGlass, as open interest (OI) continues to rise despite recent price drops. On August 16, CoinGlass tweeted that it’s “odd” open interest isn’t shifting with Bitcoin’s price. Bitcoin Downtrend: Open interest hits $29 billion amid price drop The platform revealed that Bitcoin futures’ total open interest (OI) surged to $29 billion on August 16 and has been on the rise all week, even as Bitcoin’s spot price…

The Nigerian government is trying to freeze Nigerian crypto wallets associated with the protest of EndBadGovernance in the country. Besides these efforts, some wallets linked with protest funding are still active. The National Security Advisor of Nigeria, Nuhu Ribadu announced the freezing of funds in a council meeting advised by President Bola Tinubu at the Aso Rock Villa in Abuja on August 13. The council meeting claims that the total funds of 83 billion Nigerian naira have been seized in cryptocurrencies traced as funding to the protest. The frozen funds include $50 million in cryptocurrency, and $38 million of funds…