Cryptocurrency news

• Senator asks FDIC about allegations it discourages bank relations with crypto companies

  17-08-2022 23:56 via cointelegraph.com
  
  Sen. Pat Toomey says he has information from whistleblowers that the FDIC without a legal basis is discouraging banks from dealing with companies with crypto links.
  
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• 'There's a lot less land to go around' — why White Rock established off-the-grid mining in Texas

  17-08-2022 23:27 via cointelegraph.com
  
  “The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering," said CEO Andy Long.
  
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• European Central Bank addresses guidance on licensing of digital assets

  17-08-2022 23:00 via cointelegraph.com
  
  Specifically, the ECB will consider crypto firms’ business models, internal governance,and “fit and proper” assessments which apply to licensing other companies.
  
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• Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level

  17-08-2022 23:00 via newsbtc.com
  
  Dogecoin (DOGE) goes straight to weekly gains of 11.4% following an intraday movement hovering towards $0.0847.Dogecoin jumps 15% in a matter of 24 hours
  Rallies amid the upcoming merge with Ethereum
  Growth fueled by ‘fake projects’Dogecoin (DOGE), Elon Musk’s favorite dog meme coin, has spiked by 15%.  Monday was phenomenal for Dogecoin as it surged by more than 16% and the meme coin is just warming up.
  And it’s not just Dogecoin that’s enjoying the bullish mo
  
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• Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities

  17-08-2022 22:45 via cointelegraph.com
  
  The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.
  
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• Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months

  17-08-2022 22:00 via cointelegraph.com
  
  "For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition," says CEO Charles Émond.
  
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• 3 strategies investors might use to trade the upcoming Ethereum Merge

  17-08-2022 21:57 via cointelegraph.com
  
  Investors have been crafting their strategies for navigating the volatility that could arise as the Ethereum Merge takes place. Here are a few to consider.
  
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• Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

  17-08-2022 21:15 via cointelegraph.com
  
  A Polygon executive highlighted that NFT games have an advantage over traditional "money in, no money out" gaming business models.
  
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• Economic design changes will affect ETH's value post-Merge, says ConsenSys exec

  17-08-2022 20:45 via cointelegraph.com
  
  Lex Sokolin said that post-Merge, DeFi projects will have to compete with the returns offered by the core ETH protocol.
  
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• Price analysis 8/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

  17-08-2022 20:42 via cointelegraph.com
  
  Crypto and stock markets corrected as traders grew nervous ahead of Wednesday’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”
  
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• The Upcoming Merge Will Not Reduce Gas Fees, Clarifies Ethereum Foundation

  17-08-2022 20:28 via newsbtc.com
  
  There are likely to be rumors and misconceptions about the Ethereum Merge because it is one of the most anticipated events in the cryptocurrency space in recent years. The Ethereum team has addressed some of these misconceptions in a new blog post, as it will go live in a few weeks.
  Reduction Of Gas Fees? Nope
  The present proof-of-work mechanism will come to an end when the Ethereum Mainnet merges with the Beacon Chain proof-of-stake system. Since this mechanism uses so little energy, according
  
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• Solana (SOL) Sees Potential Wipeout Based On Bearish Technical Indicator

  17-08-2022 20:10 via newsbtc.com
  
  Solana (SOL) price has enjoyed a winning streak by a whopping 75% as seen in the past two months after it has capsized to a mere $25.75.SOL forms head-and-shoulders pattern hinting at bearish movement.
  Solana’s 75% gain witnessed in the past two months may be a potential fake-out.
  SOL price down by 2.40% and trading at $42.86 as of press time.However, the gains may prove to just lead the traders on due to an impending bearish movement. Does this hint at a potential bullish fake-out?
  SOL fo
  
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• Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

  17-08-2022 20:06 via cointelegraph.com
  Like any aging empire, America is reacting to its competition.
  
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• Study: Insider trading occurs in 10% to 25% of cryptocurrency listings

  17-08-2022 20:00 via cointelegraph.com
  
  The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase.
  
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• TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs – Eyes $0.1

  17-08-2022 19:58 via newsbtc.com
  
  The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. 
  Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark.Dogecoin (DOGE) Price Analysis On The Weekly Chart
  Weekly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com
  From the chart, the price of DOGE saw a weekly low of $
  
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• Why Cryptocurrency EOS Soared 19% While the Market Took a Breather Today - The Motley Fool

  17-08-2022 19:57 via fool.com
  Why Cryptocurrency EOS Soared 19% While the Market Took a Breather Today  The Motley Fool
  
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• Warning to All U.S. Taxpayers Who Use Cryptocurrency: “Crypto” Doesn’t Mean Your Currency is Secret — or Protected — from the IRS - Foley & Lardner LLP

  17-08-2022 19:31 via foley.com
  
  Warning to All U.S. Taxpayers Who Use Cryptocurrency: “Crypto” Doesn’t Mean Your Currency is Secret — or Protected — from the IRS  Foley & Lardner LLP
  
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• Another crypto CEO steps down as Genesis Trading restructures leadership

  17-08-2022 19:15 via cointelegraph.com
  
  Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.
  
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• Study: Insider trading occurs in 10% to 25% of cryptocurrency listings - Cointelegraph

  17-08-2022 19:00 via cointelegraph.com
  
  Study: Insider trading occurs in 10% to 25% of cryptocurrency listings  Cointelegraph
  
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• Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed”

  17-08-2022 19:00 via newsbtc.com
  
  Sentiment around the crypto market had been on the rise when the price of Bitcoin and Ethereum had picked up some momentum. Both of these digital assets had been able to reach a new two-month high following the surge in prices. This resurgence quickly saw positive market sentiment erode over negative and pushed the Fear & Greed Index close to “Greed.” However, before the market could enter this green territory, the retracement began.
  Crypto Market Shies Away From Greed
  The recove
  
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• Understanding The Recent Growth of Move-To-Earn

  17-08-2022 18:51 via newsbtc.com
  
  Encouraging people to exercise is one of the most difficult challenges in the fitness industry. While everybody knows that working out is good for them, doing so can be daunting and frustrating. One of the fascinating methods of trying to entice people to get fit is through move-to-earn programs. These projects incentivize people to work out by paying them to do so.
  Move-to-earn projects have existed for some time, but recently, they have seen tremendous growth. One of the catalysts for this is
  
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• Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees

  17-08-2022 18:30 via cointelegraph.com
  
  The Merge will still reduce the network's energy consumption by an estimated 99.5%.
  
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• Pushing Bitcoin to become more scalable with zero-knowledge proofs

  17-08-2022 18:14 via cointelegraph.com
  
  Cointelegraph Research explains the EC-STARKs technology and discusses what this means for the cryptocurrency market.
  
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• Why Crypto Market Could See 65% Drop, Expert Says

  17-08-2022 18:09 via newsbtc.com
  
  The crypto market has extended its losses over the past week, as it continues to gain downside momentum. Main cryptocurrencies in the top 10 by market cap are trading in the red with very few preserving some of their gains from last week.At the time of writing, the crypto total market cap stands at $1.09 trillion with a 2% loss in the 4-hour chart. The sector was rejected at the $1.2 trillion resistance and seems on track to slate more losses in the short term.
  Crypto total market cap moving sid
  
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• Chainlink In Bearish Mood As LINK Price Retreats To $8.63

  17-08-2022 17:40 via newsbtc.com
  
  Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue.
  Chainlink price outlines bearish strides
  LINK/USD pair key support spotted at $8.54
  Pair resistance seen at $9.26The LINK/USD pair price slips on a downtrend as seen overnight which has been predictable overall.
  More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with k
  
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• Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom

  17-08-2022 16:59 via cointelegraph.com
  
  The bottom "is not in" for either stocks or crypto, one analyst believes, as alarming data shows copycat moves from 2008 by the S&P 500.
  
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• Unizen appoints Michael Healy as Chief Strategy Officer

  17-08-2022 16:57 via coinjournal.net
  
  Michael Healy has been in the crypto space since 2010 and is a co-founder of crypto platform Unit Network.
  Unizen, a leading hybrid crypto exchange enabled for centralised and decentralised finance (CeDeFi), has appointed crypto veteran Michael Healy as its Chief Strategy Officer (CSO).
  Sean Noga, the Chief Executive Officer (CEO) at Unizen announced Healy’s appointment on Wednesday, lauding the former WikiLeaks developer as an experienced hand in the crypto space.
  “Michael has been
  
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• Crypto Jobs Remain Attractive Amid Bear Market

  17-08-2022 16:36 via newsbtc.com
  
  Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space.
  As the crypto space makes more advancements through impressive innovative technologies, more people are trooping into the space. While the h
  
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• Floki Inu introduces Treasury Bills: users can buy FLOKI at a discount

  17-08-2022 16:20 via coinjournal.net
  
  Floki Inu revealed in a tweet thread that it has once again partnered with ApeSwap to allow its users to purchase its native token FLOKI at a discount via their new sustainable liquidity mining (SLM) program.
  The tweet read:
  “We’re excited to partner with @ape_swap to allow users to purchase FLOKI at a discount using their new sustainable liquidity mining (SLM) program.”
  Floki Inu’s SLM program
  Floki Inu’s team revealed that the sustainable liquidity mining program
  
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• Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team

  17-08-2022 16:11 via cointelegraph.com
  
  Other Manchester United-related assets also rallied after Musk's tweet, as well as Manchester City's fan token.
  
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• Blockchain VC Shima Capital debuts with $200M Web3 fund

  17-08-2022 16:10 via cointelegraph.com
  
  The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1 solutions.
  
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• Crypto.com secures approval as a crypto asset business from UK’s FCA

  17-08-2022 16:08 via coinjournal.net
  
  Crypto.com has recently been approved or registered in Singapore, UAE (Dubai), Italy, South Korea and Canada among other jurisdictions.
  Cryptocurrency exchange Crypto.com has yet secured another regulatory approval as it continues its global expansion.
  On Wednesday, the exchange announced it had been approved as a crypto asset business by the United Kingdom’s Financial Conduct Authority (FCA).  The regulatory greenlight adds to a list of major milestones for Crypto.com regarding the p
  
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• New Bipartisan Cryptocurrency Bill Would Establish Mandatory Framework - Independent Women's Forum

  17-08-2022 16:03 via iwf.org
  
  New Bipartisan Cryptocurrency Bill Would Establish Mandatory Framework  Independent Women's Forum
  
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• Binance assures users after 3rd-party glitch briefly halted withdrawals

  17-08-2022 15:59 via cointelegraph.com
  
  The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning.
  
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• Thinking to Buy IMOV? These 3 Tokens Can Be a Better Investment

  17-08-2022 15:32 via newsbtc.com
  
  IMOV is the first-ever crypto-backed fitness app that comes with inbuilt Game-Fi and Social-Fi elements. The application dedicated to people of all ages and abilities caught the eyes of investors as well, thanks to its compelling vision. Its threefold goal is to encourage millions to lead healthier lifestyles, connect users to Web3, and combat climate change.
  The token went on a massive upturn stepping into August, recording an all-time high of $0.07313. The surge rewarded early investors lucrat
  
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• Indian police launch probe into BitConnect founder wanted by US SEC

  17-08-2022 15:32 via cointelegraph.com
  
  The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India.
  
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• Bitcoin Loses Ground While Dogecoin Metrics Soar

  17-08-2022 15:30 via newsbtc.com
  
  The cryptocurrency market has been getting frequent price movements recently with meme coins like Dogecoin minting gains. Some of the significant assets made an uptrend within the past two weeks. However, most of them couldn’t sustain the bullish trend for long. Hence, they have experienced a slight drop in prices this week.
  Bitcoin is among the assets that have shown high volatility in the past few days. But it seems to have flattened out at around the $24,000 region. Dogecoin, on its par
  
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• Bitcoin Looses Ground While Dogecoin Metrics Soar

  17-08-2022 15:30 via newsbtc.com
  
  The cryptocurrency market has been getting frequent price movements recently with meme coins like Dogecoin minting gains. Some of the significant assets made an uptrend within the past two weeks. However, most of them couldn’t sustain the bullish trend for long. Hence, they have experienced a slight drop in prices this week.
  Bitcoin is among the assets that have shown high volatility in the past few days. But it seems to have flattened out at around the $24,000 region. Dogecoin, on its par
  
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• Bitcoin Cash price prediction ahead of FOMC minutes

  17-08-2022 15:30 via coinjournal.net
  
  Bitcoin Cash price crashed sharply as investors waited for the upcoming FOMC minutes. The BCH token dropped to a low of $135, which was much lower than this month’s high of $147.90. Its market cap has dropped to over $2.6 billion.
  FOMC minutes ahead
  Bitcoin Cash and other cryptocurrencies declined sharply as the Fed prepares to publish minutes of July’s meeting. In that meeting, the bank decided to hike interest rates by 0.75% for the second straight month. As a result, the Fed has i
  
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• Decentraland Momentum Pushes MANA Into Consolidation Phase’s Higher Rung

  17-08-2022 15:24 via newsbtc.com
  
  Decentraland (MANA) price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement.MANA price on the daily chart is trying to hold the consolidation of the upper trendline from the lows seen on 2021
  Decentraland price has managed to hover above 20 EMA and 50 EMA and warming up for the 100 and 200 DMA
  MANA price has spiked by 0.13% and currently trading at $1.05Decentraland (MANA) has been sitting within the same region since June 2022. While MANA is looking fo
  
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• I would never bet against Bitcoin, Kraken CEO says

  17-08-2022 15:10 via coinjournal.net
  
  Kraken CEO Jesse Powell says he still hopes it is possible for Bitcoin price to rally in 2022, even as he acknowledges the risks of fresh downsides.
  Powell had predicted the last rally could have seen ‘Bugatti for1 BTC’ purchases.
  Bitcoin currently trades around $23,680.Kraken CEO Jesse Powell says he is still bullish on Bitcoin (BTC) and that given, he still fancies buying a Bugatti with one BTC. He would not bet against the flagship cryptocurrency, he told “Bloomberg Crypto&
  
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• Optimism price prediction: Should you buy the OP dip?

  17-08-2022 14:59 via coinjournal.net
  
  Optimism price crashed to the lowest level since July 28 as sentiment in the cryptocurrency industry worsened. OP dropped to a low of $1.3690, which was about 40% below its all-time high. Its market cap retreated to about $302 million.
  What is Optimism and why is it falling?
  Optimism is a leading layer-2 blockchain project that aims to help developers to supercharge their applications. As a sidechain, Optimism works by processing transactions away from Ethereum’s mainnet. 
  A
  
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• Shiba Inu Reach Can't Reach $1, But the New Cryptocurrency Meme Coin Tamadoge Could - Analytics Insight

  17-08-2022 14:47 via analyticsinsight.net
  Shiba Inu Reach Can't Reach $1, But the New Cryptocurrency Meme Coin Tamadoge Could  Analytics Insight
  
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• DeFi Yield Protocol (DYP) Anticipates Metaverse Platform Launch with Listings on Coinbase, Huobi, and MEXC

  17-08-2022 14:35 via coinjournal.net
  
  Bucharest, Romania, 17th August, 2022, Chainwire
   
  DeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and MEXC. This is just one of the many developments in the project’s fast-paced evolution, including its upcoming Metaverse platform, where users will get to interact with Cats and Watches Society (CAWS) NFTs. Moreover, DYP took center stage at Deep Forest Fest. During this prestigious music festival, DYPians had the g
  
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• TA- Bitcoin (BTC) Unable To Hold Above $24,000 Ahead Of Bearish Signs

  17-08-2022 14:30 via newsbtc.com
  
  The price of Bitcoin BTC has struggled to hold above $24,700 against Tether (USDT) after being rejected from that region. 
  Bitcoin in recent times has shown bullish signs after rallying to the $24,000 mark, with many investors speculating this could be the start of the bull run. The price of BTC was rejected from $25,200 and has struggled to reclaim that region.Bitcoin (BTC) Price Analysis On The Weekly Chart
  Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com
  From the chart, the pr
  
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• Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation

  17-08-2022 14:28 via cointelegraph.com
  
  Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.
  
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• Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation

  17-08-2022 14:28 via cointelegraph.com
  
  Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.
  
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• UFO Gaming unveils revolutionary, long-awaited metaverse

  17-08-2022 14:13 via coinjournal.net
  
  Trendsetting blockchain gaming platform UFO Gaming unveiled its long-awaited, revolutionary metaverse with thousands in attendance.
  An early adopter 
  Most companies started developing metaverses after Facebook’s rebrand to Meta. UFO Gaming, however, announced plans to build one long before that. 
  In-game assets, NFTs, and more
  UFO Gaming has succeeded in establishing a unique multichain metaverse with perks like virtual land, in-game assets, monetary value, and other concrete adv
  
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• 5 Best New Cryptocurrency to Buy 2022 - Cryptonews

  17-08-2022 14:02 via cryptonews.com
  
  5 Best New Cryptocurrency to Buy 2022  Cryptonews
  
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• UK hits double-digit inflation for the first time in 40 years

  17-08-2022 14:01 via cointelegraph.com
  
  At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people's purchasing power.
  
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