Cryptocurrency news

• Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges

  08-05-2023 23:47 via cointelegraph.com
  
  The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
  
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• Bittrex files for Chapter 11 bankruptcy just weeks after SEC charges

  08-05-2023 23:47 via cointelegraph.com
  
  The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
  
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• U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware

  08-05-2023 23:38
  
  Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission.
  
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• MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users

  08-05-2023 23:35 via cointelegraph.com
  
  The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI and sDAI.
  
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• Paxful restarts marketplace operations for the first time since April

  08-05-2023 23:05 via cointelegraph.com
  
  Amid the suspended service, Ray Youssef said he had made his "final act" as CEO after helping unfreeze 88% of certain users’ accounts.
  
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• Canto Blockchain Set for Vote on Reduction in Liquidity Incentives, Block Rewards

  08-05-2023 23:04
  
  If passed, the mining incentives for each liquidity pool on Canto will be reduced on average by roughly 38%, and data-block rewards known as "security emissions" would decrease by 15%.
  
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• Discovering The Next PEPE And SHIB: Whales To Keep Track Of

  08-05-2023 22:30 via newsbtc.com
  
  Missing out on crypto that becomes the next big thing in crypto can hurt. To avoid this, popular on-chain analyst LookOnChain has sorted out prominent whales to keep an eye on and ease the task of catching the next PEPE.
  According to the analyst, these whales were very early to notable meme coins such as Shiba Inu (SHIB). LookOnChain noted these whales are “smartMoneys that both bought SHIB and PEPE early and made millions of USD.”
  Discovering The Next Memecoin That Could Run 100x
  In
  
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• Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

  08-05-2023 22:20 via cointelegraph.com
  
  Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.
  
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• Pepe Fi, a Newly Launched Token Set to Disrupt the Cryptocurrency ... - Digital Journal

  08-05-2023 22:15 via news.google.com
  Pepe Fi, a Newly Launched Token Set to Disrupt the Cryptocurrency ...  Digital Journal
  
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• Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion Issues

  08-05-2023 22:03
  
  Ether’s deflationary narrative continues despite Monday’s price drop. Major crypto assets traded down on Monday.
  
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• State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT

  08-05-2023 21:59 via cointelegraph.com
  
  Chinese tech company iFlytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year.
  
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• South Korean lawmaker allegedly cashed out while legislating on crypto: Report

  08-05-2023 21:00 via cointelegraph.com
  
  National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred.
  
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• Bit4You’s Affairs in Doubt Even Before CoinLoan Collapse, Belgian Regulator Says

  08-05-2023 21:00
  
  FSMA’s concerns meant the exchange could have lost its license or even faced prosecution, even before the Estonian platform which held its funds filed for insolvency
  
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• Proposed SEC Rule Would Place Cryptocurrency Trading Platforms ... - JD Supra

  08-05-2023 20:52 via news.google.com
  
  Proposed SEC Rule Would Place Cryptocurrency Trading Platforms ...  JD Supra
  
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• Pro-XRP Lawyer Weighs In On The Ongoing Lawsuit Ruling

  08-05-2023 20:50 via newsbtc.com
  
  Bill Morgan has weighed in on discussions regarding the XRP lawsuit while the crypto community awaits the judge’s ruling. Morgan responded to a Twitter user, Marc Fagel, who’s been debating the XRP lawsuit with John Deaton.
  Morgan noted that Judge Torres was clear regarding her line of judgment on the Ripple case. Notably, the main issue in the case is whether or not Ripple sold XRP as a security.Bill Morgan on Judge Torres
  In Bill Morgan’s opinion, Judge Torres will base her j
  
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• Binance Records Highest BTC Outflows In its History; What’s the Catch?

  08-05-2023 20:00 via newsbtc.com
  
  The latest report by on-chain tracker Whalewire shows Binance is experiencing unusual Bitcoin outflows over the past 24 hours, the highest in its history. Whalewire reported that over 162,000 BTC, worth more than $4.5 billion, left the exchange in a day.
  The tracker believes something fishy is ongoing with Binance, as the crypto exchange has halted withdrawals three times today and has been offline for several hours. According to Whalewire, Bitcoin volume has plunged over 65% over the last
  
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• Top Influencer Ben 'BitBoy Crypto' Armstrong Launches New ... - Cryptonews

  08-05-2023 19:59 via news.google.com
  
  Top Influencer Ben 'BitBoy Crypto' Armstrong Launches New ...  Cryptonews
  
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• P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension

  08-05-2023 19:49
  
  Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post.
  
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• Crypto remains hopeful as market moves sideways: Report

  08-05-2023 19:33 via cointelegraph.com
  
  BTC continues to trade in a narrow range, and memecoins steal the limelight from NFTs as views on the macroeconomic outlook diverge.
  
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• PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain

  08-05-2023 19:28
  
  As risk-taking crypto traders soughtto make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validatorsrunning the Ethereum blockchain.
  
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• Chainlink (LINK) Price Crumbles As The Bears Take Down Previous Gains

  08-05-2023 19:20 via newsbtc.com
  
  The bullish trend that Chainlink (LINK) has enjoyed for much of its existence seems to have recently ended. The price of LINK has crumbled as the bears take down the bulls, leaving investors wondering what the future holds for the asset.
  There was a significant 24.55% decrease within the past weeks in the Chainlink (LINK) market. Notably, on April 18, 2023, LINK dropped from $8.795 to a low of $6.635, changing the trend to favor the bears.
  Chainlink (LINK) In A Consistent Bearish Trend
  LINK is t
  
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• 'Speedrun' Meme Coins: How Quickly Can You Create a ... - TOKENPOST

  08-05-2023 19:15 via news.google.com
  
  'Speedrun' Meme Coins: How Quickly Can You Create a ...  TOKENPOST
  
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• Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius

  08-05-2023 19:11
  
  The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter.
  
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• Cryptocurrency Software Market Analysis & Forecast for Next 5 Years - EIN News

  08-05-2023 19:09 via news.google.com
  Cryptocurrency Software Market Analysis & Forecast for Next 5 Years  EIN News
  
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• Sui DEX Cetus' IDO oversubscribed by 650%

  08-05-2023 19:00 via cointelegraph.com
  
  According to developers, the fundraising goal of the initial DEX offering was reached in less than one minute.
  
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• Cetus DEX's IDO oversubscribed after Sui mainnet launch

  08-05-2023 19:00 via cointelegraph.com
  
  According to developers, the fundraising goal of the initial DEX offering was reached in less than one minute.
  
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• PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45%

  08-05-2023 18:30 via newsbtc.com
  
  Pepecoin (PEPE) tokens were issued in mid-April and quickly gained popularity among investors, reaching a market capitalization of $1.8 billion in just over three weeks. However, the meme coin’s journey took a downward turn as the token dropped nearly 45% from their peak on Friday, causing a ripple of concern among investors.
  Some speculate that the sudden price drop was due to traders taking profits on their positions, while others point to the introduction of Pepe-tracked futures as a po
  
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• China issues first arrest over fake news created with ChatGPT: Report

  08-05-2023 18:20 via cointelegraph.com
  
  Alleged fake news poster becomes first person in China arrested for using artificial intelligence platform ChatGPT.
  
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• What are liquidity provider (LP) tokens, and how do they work?

  08-05-2023 18:15 via cointelegraph.com
  
  Providing liquidity to a pool could be another source of passive income in crypto. Find out here what liquidity provider tokens are and how they work.
  
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• Aave V3 launches on Ethereum layer-2 network Metis

  08-05-2023 18:00 via cointelegraph.com
  
  Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.
  
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• New York AG seeks to tighten rules on cryptocurrency - The Center Square

  08-05-2023 17:53 via news.google.com
  New York AG seeks to tighten rules on cryptocurrency  The Center Square
  
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• Coinbase execs visit UAE to test potential of 'strategic hub' for international operations

  08-05-2023 17:47 via cointelegraph.com
  
  “I think the U.S. right now is a little bit behind in terms of regulatory clarity and some of the rhetoric from the top," said Brian Armstrong at the Dubai Fintech Summit.
  
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• Eight Ways to Make Money with Cryptocurrency in 2023 - Bitrates

  08-05-2023 17:46 via news.google.com
  
  Eight Ways to Make Money with Cryptocurrency in 2023  Bitrates
  
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• What is the risk/reward ratio in cryptocurrency trading, and how to use it

  08-05-2023 17:38 via cointelegraph.com
  
  Risk/reward ratio is a measure to determine potential profit against potential loss. In crypto trading, it helps manage risk by setting stop-loss and take-profit levels.
  
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• Stacks (STX) Surges 10% Due To Bitcoin Network Congestion

  08-05-2023 17:30 via newsbtc.com
  
  While the Bitcoin and crypto markets are deep in the red, one altcoin stands out today, posting a double-digit price increase: Stacks (STX). Along with the Lightning Network, the project is considered the most promising layer-2 technology for Bitcoin at the moment and is currently benefiting from the network congestion dilemma.
  There are currently over 425,000 unconfirmed transactions in the meme pool. Before being added to the Bitcoin blockchain, transactions are sent to the network’s mem
  
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• How to Choose the Best Broker for Cryptocurrency Trading - GameSpace.com

  08-05-2023 17:30 via news.google.com
  How to Choose the Best Broker for Cryptocurrency Trading  GameSpace.com
  
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• Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish

  08-05-2023 17:21
  
  Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.
  
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• Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

  08-05-2023 17:19 via cointelegraph.com
  
  Professional Bitcoin traders are favoring sideways price action as BTC futures premium drops and the options delta skew nears 0%
  
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• What Determines the Value of a Cryptocurrency? - River Journal Staff

  08-05-2023 17:09 via news.google.com
  What Determines the Value of a Cryptocurrency?  River Journal Staff
  
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• Cryptocurrency is “property” under Hong Kong law: Part 1 - what are ... - Lexology

  08-05-2023 17:02 via news.google.com
  
  Cryptocurrency is “property” under Hong Kong law: Part 1 - what are ...  Lexology
  
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• Shiba Inu Price Crash Persists Despite Trillions Of SHIB Tokens Being Bought Up

  08-05-2023 17:01 via newsbtc.com
  
  Shiba Inu [SHIB] is facing a significant price drop despite trillions of the meme coins being purchased. However, this amount of purchase can’t seem to stop its price crash. What could be causing this downward trend, and will it continue in the coming months?
  Despite the large number of Shiba Inu tokens purchased, the cryptocurrency market remains highly speculative, and prices can be affected by a multitude of factors.Could it be that investors are losing faith in Shiba Inu’s long-t
  
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• Bitcoin To Drop Further? Whales Show Signs Of Dumping

  08-05-2023 16:40 via newsbtc.com
  
  On-chain data shows the Bitcoin exchange whale ratio has spiked recently, something that could lead to further downside in the asset’s value.
  Bitcoin Exchange Whale Ratio Has Sharply Surged Recently
  As pointed out by an analyst in a CryptoQuant post, the exchange whale ratio is currently at its highest level since September 2019. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 inflows to exchanges and the total exchange inflows.
  
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• What is the risk/reward ratio in cryptocurrency trading, and how to use it - Cointelegraph

  08-05-2023 16:38 via news.google.com
  What is the risk/reward ratio in cryptocurrency trading, and how to use it  Cointelegraph
  
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• 5 common interview questions for Web3 jobs

  08-05-2023 16:19 via cointelegraph.com
  
  The interview process for Web3 positions will typically involve questions aimed at assessing a candidate’s knowledge of decentralized technologies, blockchain and smart contracts.
  
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• Litecoin (LTC) Price Falls After Bulls Fail To Maintain Momentum

  08-05-2023 16:00 via newsbtc.com
  
  Litecoin is shedding its gains in the market today as the bears take control of its price. At press time, its trading volume is down by over 15%, with a price decrease of 2.80% in the last 24 hours. Such a decline comes after major crypto assets like Bitcoin and Ethereum took a blow and entered bearish territory.
  After its decline from $101.85 to $90.44 on April 19, 2023, the bears mounted more pressure pushing its price down to $81.11. 
  What Next For Litecoin?
  LTC is in a downtrend today,
  
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• Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool

  08-05-2023 15:58
  
  Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved in transactions did not come from blacklisted addresses. Digital Currency Group, owner of CoinDesk, is an investor in Railgun DAO.
  
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• The Growing Interest in Cryptocurrency from Institutional Investors - Finance Magnates

  08-05-2023 15:46 via news.google.com
  The Growing Interest in Cryptocurrency from Institutional Investors  Finance Magnates
  
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• Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior

  08-05-2023 15:31
  
  Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.
  
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• ‘Ethical’ SBF game axed, Web3 games sign-up process sucks, Tomb Chaser: Web3 Gamer

  08-05-2023 15:30 via cointelegraph.com
  
  FTX’s kiss of death for Storybook Brawl, Scratch Lord creators make MMA game for Animoca, and why is Web3 game onboarding so awful?
  
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• Bitcoin takes flight in Liechtenstein: Minister proposes government services paid in crypto

  08-05-2023 15:03 via cointelegraph.com
  
  Prime Minister Daniel Risch of Liechtenstein told local papers that Bitcoin is set to play a growing role in government services payments.
  
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