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   Business News    Latest News and Updates   Latest News and Updates

  Posted by u/ one year ago

Bitcoin on ?knife?s edge? as price falls below $28k

Bitcoin price fell to lows of $27,740 across major exchanges on Thursday, the lowest since June. Stocks have also slipped after the latest Fed meeting. Meanwhile, real yields have jumped to recent highs. Bitcoin has traded to below $28,000 again, with Thursday’s dip seeing the flagship cryptocurrency’s value hit lows of $27,744 across major exchanges. […]

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  Posted by u/ one year ago

Judge grants SEC request to file appeal in Ripple case

Judge Analisa Torres has allowed SEC to file an appeal against July 13 ruling on XRP. SEC to file by August 18 and Ripple to respond by September 1. The latest Ripple news is that Judge Analisa Torres, who ruled in July that public sales of XRP did not constitute an investment contract and thus […]

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  Posted by u/ one year ago

Bitcoin could go higher but ?not before it goes lower?: Wolfe Research

Rob Ginsberg says Bitcoin could go further down in the near-term. The Wolfe Research analyst explained why in a research note today. Bitcoin (BTC) has already lost more than 11% in about a month. Bitcoin has already lost more than 11% in about a month but a Wolfe Research analyst says a further price decline […]

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  Posted by u/ one year ago

US Rep. Warren Davidson Claims Some XRP Holders \x9cSo Hyper-Defensive\x9d of Ripple's CBDC Work

Davidson posted a poll on Twitter seeking inputs from XRP holders on whether they agreed, disagreed, or had no opinion on Ripple's CBDC venture.

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  Posted by u/ one year ago

Ripple Opposes SEC?s Request for Interlocutory Appeal in Ongoing Legal Spat

Ripple argued that there is no extraordinary circumstance justifying a departure from the rule that requires all issues to be resolved before an appeal.

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  Posted by u/ one year ago

Inside Shibarium's Launch Hiccups: How the SHIBarmy Battled Unprecedented Traffic Surge

Shibarium News: Uncovering the truth behind the recent Shibarium launch issues. From SHIB's -9% plunge to Shytoshi's revealing explanation to SHIBarmy, get the full scoop on the Shibarium mainnet's initial challenges here.

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  Posted by u/ one year ago

Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto

Get your daily, bite-sized digest of cryptoasset and blockchain-related news.

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  Posted by u/ one year ago

Growing Short Positions Lead to Bullish Opportunities for Crypto Investors: Santiment

Santiment said traders have doubled down on their short positions due to the market's current downturn.

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  Posted by u/ one year ago

Microsoft and LeverFi Launch AI-Backed Solution to Overcome DeFi Challenges

MicrosoftÂ\xa0andÂ\xa0LeverFiÂ\xa0have joined forces to launch an AI-backed solution that aims to tackle the challenges facing the decentralized finance (DeFi) industry.

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  Posted by u/ one year ago

Biggest Crypto Gainers Today on DEXTools \x93 METAL, XBULL, XDOGE

Blue-chip crypto markets are dumping with Bitcoin (BTC) under $28,000 and Ether under $1,750, but these shitcoins are pumping.

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  Posted by u/ one year ago

Crypto Custodian BitGo Raises $100 Million in Series C Funding, Valued at $1.75 Billion

Galaxy Digital previously scrapped acquisition of BitGo.

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  Posted by u/ one year ago

Russian Regions Say CBDC Will Help Them Fight Corruption

Russian regions say that the nation's CBDC, the digital ruble, will help them fight corruption by \x9celiminating the shadow economy.\x9d

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  Posted by u/ one year ago

Web3 Gamer: Crypto games need viral moment, Nitro Nation review, Axie?s project Greenlight

Blockchain games desperately need a viral moment to succeed, Cut The Rope in The Sandbox, Axie and Aelph hand out cash, Nitro Nation hot take.

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  Posted by u/ one year ago

Real reason for China?s war on crypto, 3AC judge?s embarrassing mistake: Asia Express

Sources reveal the real reason China is ramping up efforts to stamp out Bitcoin and crypto. And a year?s worth of 3AC court orders nixed.

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  Posted by u/ one year ago

Bitcoin Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly

Two-thirds of leverage funds' positions are short, one observer said, noting the bearish bias of sophisticated traders.

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  Posted by u/ one year ago

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.

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  Posted by u/ one year ago

Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues

A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows.

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  Posted by u/ one year ago

Blockchain-Harnessing AI Project Jada Receives $25M in Capital

The project's aim is to offer AI services that aid decision-making for organizations and scale up their operations.

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  Posted by u/ one year ago

Genesis, FTX Strike Deal for $175M Bankruptcy Claim

Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.

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  Posted by u/ one year ago

Crypto Investors Can Now Trade XRP Options on BIT Exchange

Options allow investors to hedge bullish/bearish risks and generate additional income on top of their spot market holdings.

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  Posted by u/ one year ago

Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services

The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.

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  Posted by u/ one year ago

First Mover Americas: Bitcoin Drops to Lowest Level Since June

The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.

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  Posted by u/ one year ago

UK ?Travel Rule? Won?t Completely Nix Transfers to Noncompliant Places, FCA Says

Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.

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  Posted by u/ one year ago

Just-Launched Sei Blockchain's New Token Plunges 24% After Airdrop

Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market.

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  Posted by u/ one year ago

Avalanche Foundation Provides $3M in AVAX Tokens to Dexalot

The grant is part of Avalanche?s Multiverse initiative, an incentive fund that aims to push the growth of new subnets.

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  Posted by u/ one year ago

Sam Bankman-Fried Is Now in Jail

It?s a bit of a truism in journalism that any headline that ends in a question that can be answered with ?yes? or ?no? will usually be answered with ?no.? A few weeks ago, however, I asked ?Is Sam Bankman-Fried Going to Jail?? and in a rejection of that truism, the answer was ?yes.?

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  Posted by u/ one year ago

Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security

EigenLayer?s platform for "restaking" is designed to extend Ethereum?s pooled security from ETH stakers to other blockchain systems ? a way for developers to bootstrap new networks without having to create their own communities of network validators.

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  Posted by u/ one year ago

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.

As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers? buying and selling of crypto futures.

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  Posted by u/ one year ago

How Is Tokenization Impacting Investing?

Decentral Park?s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape.

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  Posted by u/ one year ago

FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action

TK

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  Posted by u/ one year ago

Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies

Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to digitize their money.

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  Posted by u/ one year ago

SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules

A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn?t violate securities laws.

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  Posted by u/ one year ago

Vitalik Buterin Has Thoughts on Social Media Fact Checking

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  Posted by u/ one year ago

Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users

The exchange expanded its services in Canada earlier this week.

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  Posted by u/ one year ago

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted to blockchain and crypto technology.

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  Posted by u/ one year ago

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.

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  Posted by u/ one year ago

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

They would join bitcoin futures ETFs that are already approved.

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  Posted by u/ one year ago

Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

Crypto markets cratered late Thursday with bitcoin (BTC) dropping as low as $25,000 on the crypto exchange Binance.

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  Posted by u/ one year ago

BNB Bridge Hacker Triggers $5.5 Million Partial Liquidation on Venus Platform

The infamous BNB Bridge hacker, identified by the address 0x48?9bec, has managed to execute a partial liquidation within the Venus position.

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  Posted by u/ one year ago

DeFi Liquidations Eclipse $75M in 24 Hours, Breaking Records!

Parsec Finance has reported an unprecedented surge in DeFi liquidation volume over the last 24 hours.

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  Posted by u/ one year ago

Scroll Unveils Sepolia Beta Testnet: Elevating Ethereum With New Advanced Upgrades

In a recent announcement from the official Scroll blog, the Ethereum expansion initiative, Scroll, has unveiled the Scroll Beta testnet on the Sepolia testnet. This release is aimed at developers and users, offering a platform for testing and refining various upgrades and enhancements.

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  Posted by u/ one year ago

Stablecoin Issuers In Singapore Take Positive Action Under New Regulations

Circle, StraitsX, and DCS Card Center, major stablecoin issuers, are actively exploring the potential of Singapore's newly solidified stablecoin framework. Both Circle and StraitsX have secured MPI licenses, while DCS operates under the jurisdiction of the Banking Act.

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  Posted by u/ one year ago

BlockTower Moves 5,000 ETH to Coinbase, Attracts Giant Buyers

BlockTower Capital made a significant maneuver by transferring a substantial 5,000 ETH to Coinbase.

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  Posted by u/ one year ago

Layer 2 Shibarium Moved To Insecure Mode And Stopped Working For Upgrades

Shibarium, the Layer 2 launched by Shiba Inu, posted that the network has gone into failsafe mode and shut down to ensure the safety of the due funds.

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  Posted by u/ one year ago

AAVE Liquidation Nets $2.87M from 106.8 WBTC Address

According to the report, a cluster of addresses commencing with the distinctive prefix "0x47Ab" has undergone liquidation through the utilization of the AAVE protocol.

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  Posted by u/ one year ago

MakerDAO Considers DSR Reduction To 5% Amid Proposals

MakerDAO administrative portal has sprung to life with a sequence of pivotal decisions underway.

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  Posted by u/ one year ago

Rabby Wallet Review: The Game-Changing Wallet?

Rabby Wallet originates from DeBank, a Chinese company established by the visionary Tang Hongbo.

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  Posted by u/ one year ago

ONTO Wallet Reviews: Blockchain & Web3 At Your Fingertips?

ONTO wallet stands out as a pioneering decentralized cross-chain wallet, providing users with a comprehensive solution to oversee their digital identities, data, and digital assets.

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  Posted by u/ one year ago

Country Garden Loses Its Last Buy Rating From Global Brokerages

Country Garden Loses Its Last Buy Rating From Global Brokerages

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