Cryptocurrency news

• New cryptocurrency oversight legislation arrives as industry shakes - PBS NewsHour

  03-08-2022 23:25 via pbs.org
  
  New cryptocurrency oversight legislation arrives as industry shakes  PBS NewsHourCryptocurrency industry faces onslaught of regulation from feds  WRAL TechWireEWG applauds cryptocurrency energy use oversight provision in Senate digital assets bill  Environmental Working GroupCryptocurrency Should Be Taxed As Investments, Not Money  ForbesThune among Senators supporting legislation to create oversight for cryptocurrency industry  DrgnewsView Full
  
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• 3 key Ethereum derivatives metrics suggest $1,600 ETH support lacks strength

  03-08-2022 23:15 via cointelegraph.com
  
  Data shows Ethereum options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope.
  
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• 3 key Ether derivatives metrics suggest $1,600 ETH support lacks strength

  03-08-2022 23:15 via cointelegraph.com
  
  Data shows Ether options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope.
  
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• Coinbase exec at heart of insider trading scandal pleads not guilty in federal court

  03-08-2022 22:59 via cointelegraph.com
  
  Ishan Wahi is accused of divulging confidential information about future listings at Coinbase to his brother and an associate in a case that has attracted the SEC’s attention.
  
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• Solana Hot Wallets Suffer Ongoing Attack, Roughly $5M Stolen Thus Far

  03-08-2022 22:30 via newsbtc.com
  
  We’re on the heels of cross-chain bridge Nomad suffering a demolishing hack earlier in the week, and now hackers are doubling down with an attack on Solana hot wallets mid-way through the week. On Tuesday afternoon, reports emerged of some sort of vulnerability that was taking advantage of Solana-based wallets. Approaching 24 hours later, there are still quite a bit of unknowns, and we’re approaching nearly $5M of hacked funds.
  Let’s take a look at what we do know so far.
  A Sol
  
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• Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield

  03-08-2022 22:11 via cointelegraph.com
  
  The suspected hack followed ZB.com announcing the suspension of deposits and withdrawals on Tuesday in response to the “sudden failure of some core applications.”
  
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• Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE?

  03-08-2022 21:25 via newsbtc.com
  
  CateCoin (CATE) is doing the cat walk as it skyrockets by over 250% amid the crypto market’s bizarre movement. The slow yet steady gains of CATE shows how low market cap coins can advance and give decent rewards.CATE Pumps Up Price by 16.63%
  According to CoinMarketCap, CATE meme coin is rising steadily as it pumps the price by 16.63% or 0.000001057.  More so, CATE has spiked in price triggered by the increase in trading activity and hype coming from social media.
  Judging by the curren
  
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• Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers

  03-08-2022 21:01 via cointelegraph.com
  
  The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening.
  
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• Why The Crypto Fear & Greed Index Points To Sustainable Recovery

  03-08-2022 21:00 via newsbtc.com
  
  The crypto fear and greed index shows that while investors are still cautious, the market sentiment is nonetheless making sustainable recovery.
  Crypto Fear And Greed Index Surges Up, But Remains In “Fear” Territory
  As per the latest weekly report from Arcane Research, the market sentiment rose to the best sentiment since April of this year on Saturday.
  The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market.
  The
  
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• Binance pilots NFT ticketing: Nifty Newsletter, July 27–Aug 2

  03-08-2022 21:00 via cointelegraph.com
  Almost 1 million ETH were spent to mint NFTs on the Ethereum network in the first half of 2022, according to a Nansen report.
  
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• Stellar Announces Smart Contract Platform “Soroban”, XLM’s Price Reacts With 10% Profits

  03-08-2022 20:17 via newsbtc.com
  
  The Stellar (XLM) Development Foundation celebrated the launch of a preview for their upcoming smart contract platform, called “Soroban”. As part of their “Project Jump Cannon”, the initiative behind the development of the platform, the organization has invited developers to create their own contracts.Soroban’s announcement has been highly anticipated by Stellar (XLM) users. This platform might provide the network with new use cases, and a new wave of adoption, and
  
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• MicroStrategy stock MSTR hits 3-month high after CEO's exit

  03-08-2022 19:56 via cointelegraph.com
  
  Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
  
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• Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat

  03-08-2022 19:30 via cointelegraph.com
  
  "The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
  
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• Crypto Casinos Features and Games

  03-08-2022 19:28 via newsbtc.com
  
  As many areas around cryptocurrencies have grown, crypto gambling has become more popular. Now, you can choose from numerous sites offering casino games and sports betting with this digital money. Crypto casinos offer a similar game selection as FIAT casinos. Plus, you can take advantage of unique features, bonuses, and original games.
  There are several reasons to venture into crypto gambling sites.
  Stablecoins Gambling
  Have you invested in bitcoin a long time ago? Then, you’re probably fa
  
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• Florida’s CFO warns of ‘pig butchering’ cryptocurrency scam - WJXT News4JAX

  03-08-2022 19:22 via news4jax.com
  
  Florida’s CFO warns of ‘pig butchering’ cryptocurrency scam  WJXT News4JAX
  
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• TA: AVAX Struggles To Hold Above Resistance As It Eyes $40

  03-08-2022 19:15 via newsbtc.com
  
  Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many.
  The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. Avax Weekly Chart Analysis
  Avax Weekly Chart Analysis | Source: AVAXUSDT On Tradingview.com
  The weekly char
  
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• Cardano (ADA) Regains Some Support But Rate Stuck Below Vital $0.50 Level

  03-08-2022 19:15 via newsbtc.com
  
  Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing.   CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of $0.4899 and the $0.5035 resistance level. In addition, ADA’s average transaction value is now 0.
  As of press time, the 8th largest coin in terms of market cap is in the gray or neutral area which means the coin is neither bullish nor bearish. TradingView’s daily chart on the ADA/US
  
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• Bitcoin Miner Revenues Continue To Grow, Will This Put A Stop To The Sell-Offs?

  03-08-2022 19:00 via newsbtc.com
  
  Bitcoin miner revenues have been a hot topic of discussion in the last three months. It mainly follows the decline in cash flow of mining machines due to the drop in the price of BTC, and that has adversely affected the revenues of bitcoin miners, seeing them drop to yearly lows. However, as the market has recovered some of its lost value, bitcoin miners are starting to fare better in terms of revenues, which could be the plug to the recent sell-offs.
  Miner Revenues Grow
  Bitcoin daily miner reve
  
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• Roman Catholic Archdiocese of Washington, DC will accept crypto donations

  03-08-2022 18:30 via cointelegraph.com
  
  Crypto donations platform Engiven’s page for the archdiocese includes the option to send funds anonymously using many tokens, from Ether to 0x.
  
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• Portuguese Cryptocurrency Exchanges Take a Hit as Banks Close Accounts - Bloomberg

  03-08-2022 18:20 via bloomberg.com
  Portuguese Cryptocurrency Exchanges Take a Hit as Banks Close Accounts  Bloomberg
  
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• Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip

  03-08-2022 18:10 via cointelegraph.com
  
  A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly "risk-on."
  
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• Price analysis 8/3: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

  03-08-2022 17:39 via cointelegraph.com
  
  Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment.
  
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• A downturn in the cryptocurrency market and the impacts on West Texas - NewsWest9.com

  03-08-2022 17:30 via newswest9.com
  
  A downturn in the cryptocurrency market and the impacts on West Texas  NewsWest9.com
  
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• Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

  03-08-2022 17:15 via cointelegraph.com
  
  The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
  
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• Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains

  03-08-2022 17:09 via newsbtc.com
  
  Another tumbling block for Polkadot (DOT) as its price has declined by over 10% touching $7.70 after closing July in flying colors. Further, DOT seems to hold on to the support zone above $8 especially as the coin will encounter hurdles at $10.
  Just when it thought it was bound for the home run, the ETH killer succumbed and slumped after wowing everyone with an impressive bullish streak. More so, Polkadot was seen to have a bearish movement and has tanked to $7.70.DOT Price Spikes 12% Then Drops
  
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• BNB Ready To Break Above $300? Fundamentals Support Bulls

  03-08-2022 16:53 via newsbtc.com
  
  Binance Coin (BNB) has been moving sideways around the critical level at $300 and might gather momentum for a rally. The cryptocurrency saw significant losses over the past months, but it has been able to recover faster than other altcoins.At the time of writing, BNB’s price trades at $290 with a 4% and 17% profit over the past 24 hours and 7 days, respectively. Thus, making this cryptocurrency one of the best-performing assets in the crypto top 10 by market cap only surpasses Polkadot&rsq
  
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• Bitcoin bulls aim for $25K price on Friday's $510M options expiry

  03-08-2022 16:45 via cointelegraph.com
  
  BTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
  
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• Curious About The Crypto Scene? Here’s What You Need To Know - Refinery29

  03-08-2022 16:32 via refinery29.com
  
  Curious About The Crypto Scene? Here’s What You Need To Know  Refinery29
  
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• Beyond the headlines: The real adoption of Bitcoin salaries

  03-08-2022 16:16 via cointelegraph.com
  
  Bitcoin wages are becoming more common globally, particularly among “borderless” remote workers and in certain regions like Latin America.
  
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• Canadian taco franchise uses NFTs for customer loyalty program

  03-08-2022 15:54 via cointelegraph.com
  
  A Canadian restaurant franchise is putting their customer loyalty program on the blockchain through a new Tenacious Tacos NFT collection.
  
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• GitHub faces widespread malware attacks affecting projects, including crypto

  03-08-2022 15:43 via cointelegraph.com
  
  The developer who found the vulnerability requested developers to sign their revisions with the GPG key to ensure all their revisions on the project can be verified.
  
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• Is it a good time to buy nonfungible tokens? Expert answers

  03-08-2022 15:25 via cointelegraph.com
  
  Ahren Posthumus said that it’s indeed a good time to buy but cautioned investors to double-check projects before putting their money into them.
  
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• Lido DAO: Ethereum's biggest Merge staker just jumped 30% — will LDO rally into September?

  03-08-2022 15:13 via cointelegraph.com
  
  LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June.
  
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• Borrowing to buy Bitcoin: Is it ever worth the risk?

  03-08-2022 15:03 via cointelegraph.com
  
  Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire.
  
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• Bitcoin miners now hold a record 1.856M BTC — new data

  03-08-2022 14:44 via cointelegraph.com
  
  Miners go from sellers to hodlers again as the worst of June's capitulation phase seems to pass.
  
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• Bitcoin miners now hold 1.856M BTC in 2-year high — new data

  03-08-2022 14:44 via cointelegraph.com
  
  Miners go from sellers to hodlers again as the worst of June's capitulation phase seems to pass.
  
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• Dollars on the Lightning Network: a boon for emerging markets?

  03-08-2022 14:43 via cointelegraph.com
  
  An innovation on the Bitcoin Lightning Network (LN) could shelter users from the price volatility of BTC by providing access to dollars.
  
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• Experts Forecast Entry Points In Ethereum Hedge Funds Retail And Institutions

  03-08-2022 14:30 via newsbtc.com
  
  Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital assets, especially Ethereum. For example, the global second largest cryptocurrency by market cap, Ethereum (ETH), is staging a solid bounce back.
  Over the past few days, Ether has progressively increased as it surges to $1,774 in its market. This has created a new phase for the crypto assets with more growing impressive within the industry.
  From the perspective of Raoul Pal, a crypto expert
  
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• Nomad reportedly ignored security vulnerability that led to $190M exploit

  03-08-2022 13:36 via cointelegraph.com
  
  The altcoins that were stolen in the Nomad bridge hack suffered as much as 94% decline in price after the exploit.
  
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• TA: Rune Could Be Set For A Rally As Buyers Step In

  03-08-2022 13:29 via newsbtc.com
  
  Rune could be set for a relief bounce despite having difficulty breaking the daily resistance.
  The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally.Rune Weekly Chart Analysis
  The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80% decline.
  After finding a low at $1
  
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• Top 7 Asian Cryptocurrency Projects - Analytics Insight

  03-08-2022 13:27 via analyticsinsight.net
  Top 7 Asian Cryptocurrency Projects  Analytics Insight
  
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• Solana wallets 'compromised and abandoned’ as users warned of scam solutions

  03-08-2022 13:26 via cointelegraph.com
  
  Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen.
  
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• Solana wallets ‘compromised and abandoned’ as users warned of scam solutions

  03-08-2022 13:26 via cointelegraph.com
  
  Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen.
  
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• Cryptocurrency Mining Market 2022-2028 Top Players, Types, Applications, Key Regions, Development Trend, Future Investment, Global Share, Regional Outlook - Yahoo Sports

  03-08-2022 13:26 via sports.yahoo.com
  
  Cryptocurrency Mining Market 2022-2028 Top Players, Types, Applications, Key Regions, Development Trend, Future Investment, Global Share, Regional Outlook  Yahoo Sports
  
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• What are crypto pump and dump groups? Are they legal?

  03-08-2022 13:24 via cointelegraph.com
  
  Self-organized teams that support crypto scams on Discord or Telegram are not illegal in the crypto market except in regulated exchanges.
  
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• EU crypto community has two weeks to join conversation on crypto data

  03-08-2022 13:14 via cointelegraph.com
  
  The ESMA is looking for “crypto off-chain data,” or data from spot and derivatives trades at centralized exchanges or OTC crypto trading platforms.
  
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• TechScape: I’m no longer making predictions about cryptocurrency. Here’s why - The Guardian

  03-08-2022 13:08 via theguardian.com
  
  TechScape: I’m no longer making predictions about cryptocurrency. Here’s why  The Guardian
  
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• Two Massive Cryptocurrency Wallets Also Hacked, What's Happening? - U.Today

  03-08-2022 12:38 via u.today
  
  Two Massive Cryptocurrency Wallets Also Hacked, What's Happening?  U.Today
  
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• Cryptomus Simplifies The Process Of Cryptocurrency Payments While Maintaining Safety, Transparency And - Bitcoinist

  03-08-2022 12:30 via bitcoinist.com
  
  Cryptomus Simplifies The Process Of Cryptocurrency Payments While Maintaining Safety, Transparency And  Bitcoinist
  
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• Inflation punishes the prudent while Bitcoin gives future hope: Jordan Peterson

  03-08-2022 12:12 via cointelegraph.com
  Author and psychologist Jordan Peterson said that hyperinflation hurts those who are the pillars of society.
  
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