Cryptocurrency news

• UBS raises US recession odds to 60%, but what does this mean for crypto prices?

  30-08-2022 23:56 via cointelegraph.com
  Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies.
  
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• State police warn residents of cryptocurrency scams - WTNH.com

  30-08-2022 22:59 via wtnh.com
  State police warn residents of cryptocurrency scams  WTNH.com
  
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• Crypto 'cannot be partisan' says US lawmaker who scored negative on bipartisanship index: Report

  30-08-2022 22:45 via cointelegraph.com
  "This is literally about looking at America and opportunities for Americans," according to Minnesota Representative Tom Emmer.
  
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• Ethereum Bulls And Bears At Crossed Road – Is $1,000 The Next Target?

  30-08-2022 22:25 via newsbtc.com
  Ethereum  price got rejected from $2,000 despite showing strong bullish signs against Tether (USDT) ahead of “The Merge.” The price of Ethereum has struggled to regain its bullish momentum as this has created a mixed feeling between Ethereum bulls and bears. (Data from Binance)Price Analysis Of ETH On The Four-Hourly (4H) Chart
  Four Hourly ETH Price Chart Analysis | Source: ETHUSDT On Tradingview.com
  The price of ETH on the 4H chart has continued to look bullish, trying to hold
  
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• How A Solana-Based DEX Bricked Itself, Locking $500K+ In Funds

  30-08-2022 22:09 via newsbtc.com
  It’s not easy being a dev. In recent days, a young Solana-based DEX, OptiFi, faced an unexpected downfall after a simple coding error. The platform released an announcement that their mainnet program is now unrecoverable yesterday. The move has resulted in an unexpected shutdown for the DEX.
  Let’s review what we know from the announcement and how something like this could be avoided in the future.
  OptiFi’s Unexpected Shutdown
  OptiFi was an options and derivatives focused decent
  
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• Amid crypto winter, Nexo commits additional $50M to buyback program

  30-08-2022 22:00 via cointelegraph.com
  The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market.
  
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• New free-to-own GameFi model is "high-risk" according to CZ

  30-08-2022 21:15 via cointelegraph.com
  The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations.
  
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• CLEPX - A next-generation cryptocurrency exchange launches a feature of derivative exchange. - Yahoo Finance

  30-08-2022 21:15 via finance.yahoo.com
  CLEPX - A next-generation cryptocurrency exchange launches a feature of derivative exchange.  Yahoo Finance
  
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• 3 reasons why Ethereum POW hardfork tokens won’t gain traction

  30-08-2022 21:11 via cointelegraph.com
  A lack of oracle support, DApps being majority supportive of the merge and the fact that Ethereum Classic has minimal developer activity suggests that POW hardforks will fizzle.
  
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• 3 reasons why Ethereum PoW hard fork tokens won’t gain traction

  30-08-2022 21:11 via cointelegraph.com
  A lack of oracle support, DApps being majority supportive of the Merge and the fact that Ethereum Classic has minimal developer activity suggests that PoW hard forks will fizzle.
  
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• Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market

  30-08-2022 21:00 via newsbtc.com
  Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market.
  Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally
  As per the latest weekly report from Glassnode, the “get my money back” effect strikes the crypto once again as weakness continues in the market.
  The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether the overall Bitcoin market is current
  
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• What Is Cryptocurrency? - Nasdaq

  30-08-2022 20:47 via nasdaq.com
  What Is Cryptocurrency?  Nasdaq
  
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• Data Shows: Traders Unconvinced Of Crypto Bounces, Will Shorts See Pain?

  30-08-2022 20:46 via newsbtc.com
  After briefly re-testing higher levels, Bitcoin and the crypto market retraced and gave back the gains obtained over yesterday’s trading session. The general sentiment in the market has been negative, with a large majority of participants expecting further losses.At the time of writing, the price of Bitcoin trades at $19,600 with 3% and 8% in losses over the past 24 hours and 7 days, respectively. The first crypto by market cap is one of the worst performers in the market, only surpassed b
  
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• Bitcoin could become a zero-emission network: Report

  30-08-2022 20:30 via cointelegraph.com
  Bitcoin mining with flared gas and animal waste gases could help the world's largest cryptocurrency on a path to becoming a zero-emission money.
  
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• Shiba Inu ($SHIB) – Cryptocurrency Shiba Inu Down More Than 3% Within 24 hours - Benzinga

  30-08-2022 20:10 via benzinga.com
  Shiba Inu ($SHIB) – Cryptocurrency Shiba Inu Down More Than 3% Within 24 hours  Benzinga
  
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• Bitcoin Cash ($BCH) – Cryptocurrency Bitcoin Cash Falls More Than 4% In 24 hours - Benzinga

  30-08-2022 20:10 via benzinga.com
  Bitcoin Cash ($BCH) – Cryptocurrency Bitcoin Cash Falls More Than 4% In 24 hours  Benzinga
  
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• Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Real Estate Buying

  30-08-2022 19:49 via newsbtc.com
  An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive.
  This eye-catching property is located in an idyllic valley, home to the estates and villas of local and international celebrities. An added benefit of the magnificent architecture is the lavish life
  
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• Tether responds to Wall Street Journal ‘disinformation’

  30-08-2022 19:45 via cointelegraph.com
  To attack Tether’s reserves [...] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said.
  
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• Why Is Shiba Inu’s $BONE On The Rise And Is It Time To Get In?

  30-08-2022 19:00 via newsbtc.com
  Meme coin Shiba Inu has been able to properly leverage its popularity and build out another token, BONE, that is catching the eye of investors. $BONE is the native token of the Shiba Inu decentralized exchange, ShibSwap. Now, like any decentralized exchange, putting the native token to work by using it for swaps gives it utility, which has driven the price of BONE upwards. But now, the digital asset is on the move once more.
  BONE Exchange Listings Trigger Rise
  Just like Shiba Inu in its time, BO
  
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• Crypto.com accidentally transfered $10.5M to client instead of $100 refund

  30-08-2022 19:00 via cointelegraph.com
  Court documents allege that the recipient used a portion of the funds to purchase a luxury mansion upon receipt.
  
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• Thai SEC alleges Bitkub CTO committed insider trading

  30-08-2022 18:15 via cointelegraph.com
  “The act of Mr. Wajanasathian is an offense of buying KUB coins by being a person who knows or possesses inside information,” said Thailand's financial regulator.
  
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• Big Eye Coin, New Cryptocurrency With 10x Returns In Prospect - Cryptonews

  30-08-2022 18:13 via cryptonews.com
  Big Eye Coin, New Cryptocurrency With 10x Returns In Prospect  Cryptonews
  
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• Cudos And Blue Marble Partner With Zebu Live To Make The Web3 Conference A Certified Carbon Neutral Event

  30-08-2022 18:11 via crypto-news.net
  LONDON — August 30, 2022 — Zebu Live, the annual two-day live crypto conference experience that showcases the people of the Web3 revolution, has partnered up with decentralised cloud computing network Cudos and carbon management provider Blue Marble to make Zebu Live a completely carbon neutral event.   Zebu Live is a showcase of 75 […]
  The post Cudos And Blue Marble Partner With Zebu Live To Make The Web3 Conference A Certified Carbon Neutral Event appeared first on Cryp
  
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• WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022

  30-08-2022 17:46 via newsbtc.com
  In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close.
  Take a look at the video below.
  VIDEO: Bitcoin Price Analysis (BTCUSD): August 30, 2022
  We are coming down to the wire here in the month of August, with less than 48 hours remaining until the monthly candle close. The month is especially critical for a number of pivotal reasons of which we’ll review
  
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• Bitcoin erases latest gains with BTC price back below $20K as dollar spikes

  30-08-2022 17:18 via cointelegraph.com
  Bitcoin drops with U.S. stocks as the dollar finds momentum for an attack on earlier twenty-year highs.
  
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• Crypto market turmoil highlights risks of leverage in trading

  30-08-2022 16:40 via cointelegraph.com
  Leverage is widely used in the crypto industry. While leverage has the potential to increase returns, it also amplifies downside risks.
  
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• Crypto developers should work with the SEC to find common ground

  30-08-2022 16:17 via cointelegraph.com
  Developers, investors and regulators can establish best practices and raise the quality of cryptocurrency development by working together.
  
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• Elrond ($EGLD) – Cryptocurrency Elrond Rises More Than 5% In 24 hours - Benzinga

  30-08-2022 16:14 via benzinga.com
  Elrond ($EGLD) – Cryptocurrency Elrond Rises More Than 5% In 24 hours  Benzinga
  
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• Ethereum Classic ($ETC) – Cryptocurrency Ethereum Classic's Price Increased More Than 3% Within 24 hours - Benzinga

  30-08-2022 16:12 via benzinga.com
  Ethereum Classic ($ETC) – Cryptocurrency Ethereum Classic's Price Increased More Than 3% Within 24 hours  Benzinga
  
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• Raydium Springs Up From Underwater, Could This Be A Ray Of Hope?

  30-08-2022 16:03 via newsbtc.com
  The price of Raydium (RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance)Raydium (RAY) Price Analysis On The Weekly Chart 
  The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance. 
  RAY has shown li
  
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• Flare Network and Lena Instruments launch new crowdfunding mechanism

  30-08-2022 16:00 via cointelegraph.com
  The mechanism allows investors to allocate a portion of the rewards they earned into funding startups.
  
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• Excitement Over Cryptocurrency Tinged With Fear - Voice of America - VOA News

  30-08-2022 15:50 via voanews.com
  Excitement Over Cryptocurrency Tinged With Fear  Voice of America - VOA News
  
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• ‘We need to learn what regulation works and what holds us back’ — hedge fund exec

  30-08-2022 15:45 via cointelegraph.com
  Jaime Baeza said that the fast-paced environment and regulatory uncertainty are some of the challenges institutions face in Web3.
  
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• How L2 Networks Are Changing The World of NFTs

  30-08-2022 15:39 via newsbtc.com
  The past few years have seen NFTs explode onto the blockchain scene, progressing from a relatively unknown technology to one that’s been papered across the front pages of seemingly every crypto publication. Alongside the increase in both understanding and trading in NFTs, the global market has continued to rise, predicted to reach an incredible $122.43 billion by 2028.
  With the expansion of NFTs beyond just digital art, also integrating into Play2Earn blockchain gaming projects and metaver
  
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• Russian PM takes cue from Iran’s crypto payment permit for imports

  30-08-2022 15:11 via cointelegraph.com
  The adoption of digital assets provides a good opportunity to ensure uninterrupted payments for imports and exports, Russia's prime minister said.
  
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• Why This $600 Million Cryptocurrency Could Be Worth $0 - The Motley Fool

  30-08-2022 15:09 via fool.com
  Why This $600 Million Cryptocurrency Could Be Worth $0  The Motley Fool
  
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• DEX accidentally hits kill switch on mainnet, locking 660,000 USDC inside

  30-08-2022 15:09 via cointelegraph.com
  The deployment of a program upgrade went terribly wrong as a fateful “Solana program close” command stopped OptiFi’s platform indefinitely.
  
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• Organizations bring Africa, Costa Rica and Ukraine to the Metaverse to raise awareness

  30-08-2022 15:03 via cointelegraph.com
  Web3 users will soon be able to experience Africa, Costa Rica and Ukraine in the Metaverse, as organizations recreate virtual environments with a purpose.
  
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• Myria to Offer Myriad L2 Solutions in The Blockchain Gaming Space

  30-08-2022 15:00 via newsbtc.com
  Web3-gaming platform Myria has announced the launch of its Layer-2 scaling solution on the Ethereum network.
  Myria’s Layer-2 solution uses StarkWare’s Zero-Knowledge Rollups (or ZK-Rollups, for short), which bundles many transactions into one before executing on the Ethereum blockchain. As a result, Myria claims it can offer 9,000 transactions per second, which is significantly more than the Layer-1 rate on Ethereum, at 50 TPS.
  ZK-Rollups also decrease the costs associated with opera
  
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• Turkey: Cryptocurrency boss who fled 'with $2bn' arrested in Albania - Middle East Eye

  30-08-2022 14:36 via middleeasteye.net
  Turkey: Cryptocurrency boss who fled 'with $2bn' arrested in Albania  Middle East Eye
  
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• Indonesian e-commerce giant buys local crypto exchange for $8 million

  30-08-2022 14:00 via cointelegraph.com
  By acquiring PT Kripto Maksima Koin, the tech giant pursues a goal to become "a diverse money management hub."
  
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• Singapore state investor leads $100M round for crypto firm Animoca: Report

  30-08-2022 13:30 via cointelegraph.com
  Both parties participated in a $200 million funding round for the Australian NFT Immutable in March 2022.
  
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• Wanted Turkish crypto exchange founder detained in Albania

  30-08-2022 13:08 via cointelegraph.com
  Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government.
  
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• Fireblocks launches Web3 Engine support on Solana

  30-08-2022 13:00 via cointelegraph.com
  The blockchain unicorn created Web3 Engine as a developer tool set targeting DeFi, GameFi and NFT products and services.
  
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• A Park Falls paper mill closed and is now a cryptocurrency mine - Post-Crescent

  30-08-2022 13:00 via postcrescent.com
  A Park Falls paper mill closed and is now a cryptocurrency mine  Post-Crescent
  
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• Aave community proposes to temporarily suspend ETH lending before the Merge

  30-08-2022 12:57 via cointelegraph.com
  The governance vote to approve the pause will commence on Aug. 30, 2022, and end on Sept. 2, 2022.
  
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• Ethereum Trading Volume At Its Most Sluggish, ETH Price Struggles Below $1,600

  30-08-2022 12:29 via newsbtc.com
  Ethereum is feeling the pressure this early, with trading volume at the receiving end and impacting the price of ETH.
  A major event in the crypto industry, The Merge is eagerly anticipated by many. By combining with the Beacon Chain, Ethereum will implement a system based on proof-of-stake. This system will significantly reduce Ether’s energy consumption.
  Despite the Merge’s promises of a new tomorrow for Ethereum, investors continue to have poor faith in the currency. The price of E
  
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• BTC price top warnings emerge as 10K BTC leaves wallet after 9 years

  30-08-2022 12:21 via cointelegraph.com
  Coins which last moved in the "lawless era" are liquid again, and on-chain data shows such events mark macro BTC price tops.
  
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• Fugitive Turkish Cryptocurrency Businessman Arrested in Albania - Balkan Insight

  30-08-2022 12:11 via balkaninsight.com
  Fugitive Turkish Cryptocurrency Businessman Arrested in Albania  Balkan Insight
  
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• Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto

  30-08-2022 11:52 via cointelegraph.com
  Virtuzone joins the list of mainstream businesses in the UAE, such as JA Resorts and Hotels and Majid Al Futtaim, to officially accept cryptocurrencies following the integration of Binance Pay.
  
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