PEXX Announces Strategic Acquisition of Chain Debrief
Singapore, Singapore, 20th August 2024, Chainwire
August 20, 2024
2 mins read
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Celsius Network Plans to Repay Creditors via PayPal’s Hyperwallet
Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use
August 20, 2024
1 min read
Ripple Shows Price Resilience: Can XRP Sustain $0.58?
Ripple’s XRP token has emerged as a beacon of resilience amidst a sea of bearish sentiment engulfing the broader cryptocurrency market. Defying the prevailing downward pressure, XRP has charted a consistent upward trajectory, successfully maintaining its position above the critical $0.560 support level. In the face of heightened market volatility,
August 19, 2024
1 min read
Ethereum Gas Fees Hit Five-Year Low Raising Supply Concerns
While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest
August 19, 2024
2 mins read
Polygon POL Migration For September 4: Will MATIC Surge?
Polygon, Ethereum’s premier scaling solution, finds itself at a critical juncture as it prepares for a major milestone: the migration of its MATIC token to POL, scheduled for September 4. Polygonscan data reveals a stark decline in network activity, with total transactions on the Polygon Proof-of-Stake chain plummeting to 2.44
August 19, 2024
2 mins read
Italian Bank Banca Sella Launches Bitcoin Trading as Crypto Interest Surges
Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean
August 19, 2024
2 mins read
Bitwise Acquires London-based ETC Group to Boost ETF Operations
Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC Group, a London-based digital-assets issuer. Meanwhile, the details of the purchase agreement are still unknown. According to Bloomberg, Bitwise
August 19, 2024
1 min read
DOGS Partners with Bitget for Gas-Free Airdrop Claims
Victoria, Seychelles, 19th August 2024, Chainwire
August 19, 2024
2 mins read
Crypto Investment Products Record Inflow of $30 Million Last Week
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62
August 19, 2024
2 mins read
How Could Polygon Transition to POL Tokens Influence MATIC?
Polygon (MATIC), the Layer 2 scaling solution for Ethereum, is set for a significant transformation as it transitions from MATIC to the new POL tokens. Scheduled to occur within the next month, this change will see POL become the primary gas and staking token within Polygon’s Proof-of-Stake (PoS) network. The
August 19, 2024
2 mins read
