Danny Reynolds - CryptocyNews.com

How to Migrate MATIC to POL: A Step-by-Step Guide

September 30, 2024 by Danny Reynolds

The Polygon network is expanding its ecosystem with the enhancement of POL, a new token that will serve more purposes than the current MATIC tokens. With this switch from MATIC to POL, some users would undoubtedly want to know how their MATIC…

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Web3 Prediction Platform Polymarket Seeks $50M Funding

September 24, 2024 by Danny Reynolds

Polymarket is reportedly eyeing a $50 million funding round to finance its operations and support its upcoming token launch. Per the official statement, investors who partake in the fundraiser are eligible to receive token warrants allowing them to purchase the assets should…

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Hamster Kombat Plans 60B Token Airdrop to 43% Users

September 23, 2024 by Danny Reynolds

Hamster Kombat, the Telegram click-gaming platform, is on the verge of releasing its 60 billion tokens airdrop to only 43% of qualified players. According to the team behind the tap-to-earn game, it banned 2.3 million users for cheating, enraging some of the…

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Satoshi-Era Bitcoin Miner Wallets Move Coins After 15 Years

September 20, 2024 by Danny Reynolds

Five Bitcoin miner wallets that have been inactive for over 15 years have suddenly started moving funds. These wallets, which received block rewards in 2009, weeks after Bitcoin’s blockchain was launched, collectively moved 250 Bitcoin (BTC). According to blockchain data, one of…

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How Crypto Pyramid Schemes Work: A Guide

September 19, 2024 by Danny Reynolds

While the cryptocurrency market has created fresh financial opportunities, it has also become a target for fraud through crypto pyramid schemes. Though they promise rapid and large profits, these programs are traps that cause financial losses. This guide exposes how these frauds…

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Digital Chamber Pushes New NFT Bill in Congress

September 17, 2024 by Danny Reynolds

The Digital Chamber of Commerce is actively seeking support from US crypto users for a new bill. This bill aims to classify certain non-fungible token (NFT) projects as consumer products, thereby preventing the misapplication of securities laws. The group urged Congress to…

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BaseBros Fi Disappears After Rug Pull on Base Blockchain

September 16, 2024 by Danny Reynolds

BaseBros Fi Vanishes After Rug Pull BaseBros Fi, a yield optimization protocol on the Base blockchain, has vanished after allegedly pulling off a rug pull. The platform stole user funds through an unaudited smart contract. BaseBros deleted its official website and social…

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How to Withdraw Bitcoin to a Bank Account

September 13, 2024 by Danny Reynolds

Discover proven methods to withdraw Bitcoin to a bank account via peer-to-peer networks, cryptocurrency exchanges, or Bitcoin ATM. The most well-known cryptocurrency, Bitcoin (BTC), is rather preferred by people for payments as well as for more than only peer-to-peer exchanges or investments….

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Bitcoin Miner CleanSpark Acquires 7 Mining Rigs: What to Know

September 11, 2024 by Danny Reynolds

Prominent Bitcoin mining firm CleanSpark recently revealed that it is on the verge of acquiring seven new crypto mining facilities in Knoxville, Tennessee. According to the Bitcoin miner, the purchase would cost the company approximately $27.5 million, and the details of the…

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US SEC Maintains Strict Crypto Custody Rules for Banks

September 10, 2024 by Danny Reynolds

US SEC Holds Firm on Crypto Custody Rule The United States Securities and Exchange Commission (SEC) remains firm on its stance regarding crypto custody for regulated financial institutions, as SEC Chief Accountant Paul Munter confirmed during a recent speech. His remarks focused…

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Spanish Bank BBVA Unveils USDC Stablecoin Integration: What to Know

September 9, 2024 by Danny Reynolds

BBVA, one of Spain’s leading banking institutions, has announced the integration of USDC stablecoin into its banking services. The move is part of the bank’s expansion into the crypto space to offer institutional clients specialized trading operations. In addition, BBVA’s integration of…

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How to Stay Safe Using Bitcoin ATMs: A Guide

September 7, 2024 by Danny Reynolds

By accepting cash or debit cards, Bitcoin ATMs provide a basic approach to buying and exchanging BTC. They save time by giving fast access to cryptocurrencies without depending on a bank account. However, not all of these machines are safe; consequently, using…

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Avoiding Crypto Job Scams on TikTok: Essential Tips

September 6, 2024 by Danny Reynolds

Since social media channels like TikTok have grown in popularity, employment seekers are more susceptible than ever to fraud, particularly those about cryptocurrencies. Often resulting in financial loss or stolen personal data, these scammers present attractive crypto job offers, It’s crucial to…

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Bitfarms Mines 233 BTC in August: Here’s Why

September 3, 2024 by Danny Reynolds

Prominent Bitcoin (BTC) miner Bitfarms generated 233 BTC worth $13.9 million last month, with its holdings increasing to 1,103 BTC. It happened because Bitfarm’s operational hashrate surged 2% month over month to 11.3 EH/s. A Notable August Performance for Bitfarms However, Bitfarms…

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Revenue for Bitcoin Miners Hits 11-Month Low in August 2024

September 2, 2024 by Danny Reynolds

Rising Mining Difficulty Squeezes Profits for Bitcoin Miners Bitcoin miners experienced a sharp drop in revenue in August 2024, their lowest earnings since September 2023. Data from Bitbo revealed that miners generated $827.56 million last month, a significant decrease from July’s $927.35…

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Durov’s Arrest: Toncoin Market Cap Hits $13.96B

August 30, 2024 by Danny Reynolds

Toncoin Market Cap Reaches $13.96B Toncoin, the native token of The Open Network (TON), has reached a market capitalization of $13.96 billion and surpassed 1.1 million daily active users. The achievement comes amidst turbulence following the arrest of Pavel Durov, CEO of…

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Crypto ATMs Dominate Illegal Cash-to-Crypto Transactions – TRM Labs

August 29, 2024 by Danny Reynolds

A recent study by the blockchain analytics platform TRM Labs showed that cash-to-crypto transactions facilitated by crypto ATMs have surged since 2019. According to the report, criminal elements utilized crypto ATMs to move illicit funds, with roughly $160 million processed already. Growing…

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How to Spot Crypto Scam Ads on Social Media

August 28, 2024 by Danny Reynolds

As cryptocurrencies grow more popular, frauds—particularly crypto scam ads on social media— are also increasing. To entice victims into losing their money, scammers run ads and offer too-good-to-be-true returns on investments. Although it might be difficult to spot these scams, you can…

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Vitalik Buterin Downplays Criticism of Ethereum’s DeFi Neglect

August 26, 2024 by Danny Reynolds

Following accusations that the Ethereum network does not care about decentralized finance (DeFi), Vitalik Buterin has downplayed the criticisms over alleged neglect. According to the Ethereum co-founder, DeFi has been an important part of Ethereum’s ecosystem core principle. Frustrations over Ethereum’s DeFi…

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Feds Bust a Pig Butchering Scam Network in the US

August 23, 2024 by Danny Reynolds

Pig Butchering Scams Targeting US Investors United States authorities have made significant strides this week in tackling a major pig butchering scam, recovering millions of dollars in cryptocurrency, and sending a former bank CEO to prison. The US District Attorney’s Office for…

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Name	Price	24H (%)
Bitcoin (BTC)	$97,359.00	0.24%
Ethereum (ETH)	$3,387.91	-0.01%
Tether (USDT)	$1.00	-0.06%
XRP (XRP)	$2.25	0.75%
BNB (BNB)	$667.21	0.10%
Cardano (ADA)	$0.92	3.53%
Chainlink (LINK)	$22.83	0.11%
Polkadot (DOT)	$7.09	2.52%
Uniswap (UNI)	$13.48	7.32%
Litecoin (LTC)	$100.68	4.29%

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Author: Danny Reynolds

How to Migrate MATIC to POL: A Step-by-Step Guide

Web3 Prediction Platform Polymarket Seeks $50M Funding

Hamster Kombat Plans 60B Token Airdrop to 43% Users

Satoshi-Era Bitcoin Miner Wallets Move Coins After 15 Years

How Crypto Pyramid Schemes Work: A Guide

Digital Chamber Pushes New NFT Bill in Congress

BaseBros Fi Disappears After Rug Pull on Base Blockchain

How to Withdraw Bitcoin to a Bank Account

Bitcoin Miner CleanSpark Acquires 7 Mining Rigs: What to Know

US SEC Maintains Strict Crypto Custody Rules for Banks

Spanish Bank BBVA Unveils USDC Stablecoin Integration: What to Know

How to Stay Safe Using Bitcoin ATMs: A Guide

Avoiding Crypto Job Scams on TikTok: Essential Tips

Bitfarms Mines 233 BTC in August: Here’s Why

Revenue for Bitcoin Miners Hits 11-Month Low in August 2024

Durov’s Arrest: Toncoin Market Cap Hits $13.96B

Crypto ATMs Dominate Illegal Cash-to-Crypto Transactions – TRM Labs

How to Spot Crypto Scam Ads on Social Media

Vitalik Buterin Downplays Criticism of Ethereum’s DeFi Neglect

Feds Bust a Pig Butchering Scam Network in the US