Cryptocurrency news

• US senators reintroduce crypto bill aimed at comprehensive regulation

  12-07-2023 23:30 via cointelegraph.com
  
  The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and bankruptcies.
  
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• US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure

  12-07-2023 23:13 via cointelegraph.com
  
  The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
  
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• ‘AI helps traders utilize more intuitive strategies,' says exchange

  12-07-2023 23:02 via cointelegraph.com
  
  Bitget currently has a martingale AI trading bot and a grid trading AI bot on its platform.
  
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• 'AI helps traders utilize more intuitive strategies,' says Exchange

  12-07-2023 23:02 via cointelegraph.com
  
  Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.
  
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• Fund Manager Vanguard Increases Stake In Bitcoin Mining Stocks To $600 Million

  12-07-2023 23:00 via newsbtc.com
  
  Bitcoin mining is a topic that keeps popping up recently on the news concerning the crypto industry. And Vanguard, one of the world’s largest investment firms, has joined in on the action, as it has increased its stake in Bitcoin mining stocks to over half a billion dollars.
  Vanguard Buys More Bitcoin Mining Stocks
  When it comes to investing in the crypto industry, Vanguard seems to be exercising more caution compared to others. While investment companies like BlackRock are filing for Spot
  
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• BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price

  12-07-2023 22:20 via cointelegraph.com
  
  Persistent regulatory actions and concerning derivatives data are likely the main factors behind BNB’s bearish price action.
  
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• Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance

  12-07-2023 22:00 via newsbtc.com
  
  Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and enhance its interoperability.
  Whale Alert, an on-chain analytics account known for monitoring significant cryptocurrency transactions, drew attention to this latest move by Tether. 
  In response to Whale Alert’s tweet announcing Tether’s
  
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• Introducing SolarX: Revolutionizing Cryptocurrency Mining with ... - GlobeNewswire

  12-07-2023 22:00
  Introducing SolarX: Revolutionizing Cryptocurrency Mining with ...  GlobeNewswire
  
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• Google Play Store officially allows NFT games, but not gambling ones

  12-07-2023 22:00 via cointelegraph.com
  
  The store’s team said games can offer NFTs for sale or to earn, but developers must declare this feature in their game's descriptions and must not allow gambling.
  
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• Kava 14 Accelerates Cosmos Ecosystem Expansion

  12-07-2023 21:45 via coinjournal.net
  
  Georgetown, Cayman Islands, July 12th, 2023, Chainwire
  Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys ‘internal bridge’ technology to seamlessly convert native Cosmos assets to and from Ethereum’s ERC20 token standard.
  Kava 14 is one of a cluster of milestones in the making. In early July, Tether announced it’s decision to make Kava the gateway fo
  
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• PwC hedge fund survey finds crypto remains viable despite recent market turmoil

  12-07-2023 21:35 via cointelegraph.com
  
  The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.
  
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• Silk Road’s Ghosts Haunt Bitcoin Market As US Government Moves 9,800 BTC

  12-07-2023 21:00 via newsbtc.com
  
  A significant development has emerged in the ongoing saga surrounding the defunct criminal online marketplace Silk Road. On-chain data suggest that a massive amount of funds tied to the marketplace is on the move, with more than 9,000 Bitcoin (BTC) recently transferred from two Silk Road-related addresses. The addresses in question are suspected to have been seized by the US Department of Justice.
  US Government BTC On The Move?
  The latest transfer of funds follows the seizure of over 50,000
  
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• Cryptocurrency The Sandbox's Price Increased More Than 3% Within 24 hours - Benzinga

  12-07-2023 21:00
  Cryptocurrency The Sandbox's Price Increased More Than 3% Within 24 hours  Benzinga
  
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• CFTC case against Digitex futures exchange and CEO results in $16M court order

  12-07-2023 21:00 via cointelegraph.com
  
  The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register.
  
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• Bored Ape floor price falls below 30 ETH: Nifty Newsletter, July 5–11

  12-07-2023 21:00 via cointelegraph.com
  
  A decentralized finance borrower used a nonfungible token representing a luxury watch to take out a $35,000 loan.
  
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• Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K

  12-07-2023 20:59
  
  Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
  
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• Price analysis 7/12: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

  12-07-2023 20:42 via cointelegraph.com
  
  Bitcoin continues to face strong resistance at $31,000 but supportive macroeconomic factors could tilt the advantage in favor of the bulls.
  
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• Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price

  12-07-2023 20:30 via cointelegraph.com
  
  The new feature offers higher fees to LPs who provide liquidity within tighter price ranges but also causes them to not earn fees if the price goes outside of the range.
  
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• European regulator releases consultative paper on MiCA standards for crypto asset service providers

  12-07-2023 20:10 via cointelegraph.com
  
  The European Securities and Markets Authority will release three consultations as it fulfills its mandate under MiCA regulations.
  
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• Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments

  12-07-2023 20:07 via coinjournal.net
  
  At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours.
  Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM) in May 2023.
  The Bank of China will start testing of SIM card-linked payments using the digital yuan.The Bank of China declared on July 10 that it would begin testing SIM card-linked payments using the digital Yuan on July 11. The announcement has boosted Conflux (CFX) price seeing that Conflux Network partnered with
  
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• Bitcoin Stuck In Tight Range: Will BTC Decompress With A Big Move?

  12-07-2023 20:00 via newsbtc.com
  
  Data shows Bitcoin has been stuck in a historically tight 14-day range recently, something that has decompressed into big moves in the past.
  Bitcoin 14-Day Range Has Been Extremely Narrow Recently
  According to data from the analytics firm Glassnode, the 14-day range has only been narrower than now during less than 2% of the cryptocurrency’s entire trading life. The “14-day range” here refers to the percentage difference between the top and bottom recorded in the Bitcoin price d
  
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• Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

  12-07-2023 19:51
  
  Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.
  
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• Coinbase stock could see a near-term pullback – analyst says

  12-07-2023 19:49 via coinjournal.net
  
  Atlantic Equities downgraded Coinbase stock to “neutral” on Wednesday.
  Cathie Wood also trimmed her stake in the crypto exchange today.
  Coinbase stock is currently up more than 150% versus the start of 2023.Investors should pull out of Coinbase Global Inc now that it’s rallied more than 150% since the start of this year, says Simon Clinch – an Atlantic Equities analyst.
  Coinbase stock has downside to $80
  On Wednesday, Clinch downgraded the crypto exchange to “neutr
  
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• Elon Musk kickstarts new AI company to ‘understand the universe’

  12-07-2023 19:43 via cointelegraph.com
  
  "The goal of xAI is to understand the true nature of the universe," the company wrote.
  
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• Coinbase adds instant messaging feature to wallet

  12-07-2023 19:42 via coinjournal.net
  
  Coinbase Wallet now supports instant messaging across any two Ethereum addresses.
  The feature will leverage the XMTP protocol and offer encrypted and private wallet-to-wallet communication and crypto payments.
  Coinbase is rolling out the feature to a small subset of users first before expanding it.Coinbase has introduced a new feature that allows for instant messaging between two wallet addresses for users of Coinbase Wallet.
  A blog post the company published on July 12 stated that the messagin
  
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• Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

  12-07-2023 19:13
  
  Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
  
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• Chancer prediction as stage one presale tops $700k

  12-07-2023 19:06 via coinjournal.net
  
  Key takeaways
  Bitcoin has been trading around the $30k region for the last two weeks.
  Chancer’s first presale stage is more than 70% completed as more investors enter the project. 
  The cryptocurrency market has been stable over the past few days, with the prices of most coins and tokens within a particular range. Will Bitcoin and the broader market rally higher in the near term, or would the market face a retrace?
  Bitcoin maintains its price above $30k
  Bitcoin, the world’s leadi
  
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• FTT Up By 21% Despite FTX Claims Portal Troubles

  12-07-2023 19:00 via newsbtc.com
  
  FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit electronic proof of claims in FTX’s restructuring proceedings. 
  Although the portal became unavailable barely an hour after launch, the price of FTT has managed to stay afloat, with a 21% increase in the last day.
  FTX Claims Portal Goes Offlin
  
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• Bitcoin mining difficulty hits all-time high as BTC miner selling peaks

  12-07-2023 18:59 via cointelegraph.com
  
  In recent weeks BTC miners sent a record amount of Bitcoin to exchanges right as the network’s difficulty metric hit a new all-time high.
  
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• Digitex Founder Ordered to Pay $16M to Resolve CFTC Action, Banned From Trading

  12-07-2023 18:52
  
  The founder of crypto exchange Digitex, Adam Todd, has been ordered by a federal court to pay almost $16 million to resolve accusations that he ran an illegal platform and sought to manipulate its native token, DGTX, the U.S. Commodity Futures Trading Commission (CFTC) said in a Wednesday statement.
  
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• How Federal Reserve Rates Affect Cryptocurrency Investments - Analytics Insight

  12-07-2023 18:49
  
  How Federal Reserve Rates Affect Cryptocurrency Investments  Analytics Insight
  
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• LBRY Credits Token plummets after federal court ruled against LBRY Inc.

  12-07-2023 18:42 via coinjournal.net
  
  At press time, LBRY Token had plunged to $0.009298 from a high of $0.01235 on July 11.
  The plunge followed a ruling that LBRY Inc. violated US securities laws.
  LBRY Inc. has stated that it is shutting down its business.The LBRY Credits (LBC) fell by 24% early today as a result of a Federal Judge’s ruling that LBRY, Inc, the company that created the LBRY protocol, is responsible for breaking US securities laws. . LBRY was sued by the SEC in March 2021 for offering unregistered securities.
  
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• Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal

  12-07-2023 18:37 via cointelegraph.com
  
  The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license.
  
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• Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games

  12-07-2023 18:33
  
  Google Play announced a major shift in policy today, allowing developers to incorporate digital assets such as NFTs into their apps and games in the store. Companies that decide to offer the ability to buy, sell or earn tokenized assets will be required to make it clear in the Play Console that there are blockchain-based elements in the app.
  
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• Non-fungible Tokens: The New Frontier in Cryptocurrency - Fagen wasanni

  12-07-2023 18:21
  
  Non-fungible Tokens: The New Frontier in Cryptocurrency  Fagen wasanni
  
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• Crypto Analysts Can Learn Something From Baseball

  12-07-2023 18:00
  
  Searching for crypto’s future stars among young prospects.
  
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• Conflux (CFX) Climbs By 11% As Bank of China Begins Sim Card Payment With Digital Yuan

  12-07-2023 18:00 via newsbtc.com
  
  Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day’s top gainer. So what’s driving this price gain?
  Bank of China Announces SIM Card NFC Payments, Sparks Excitement In The Conflux Community. 
  On July 10, The Bank of China announced it would be commencing the testing of SIM card-linked payments using the digital renminbi &nd
  
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• Can Crypto Match the Internet and Hit 5B Users?

  12-07-2023 18:00
  
  While early growth in both spaces has been eerily similar, don’t get too excited about crypto’s future.
  
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• Judge orders Manchester tech firm to pay $111k fine over ... - New Hampshire Public Radio

  12-07-2023 17:56
  
  Judge orders Manchester tech firm to pay $111k fine over ...  New Hampshire Public Radio
  
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• Coinbase Adds Messaging Function to Crypto Wallet

  12-07-2023 17:55
  
  The new messaging feature will let any two Ethereum addresses talk to each other.
  
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• The Top Five Cryptocurrency Casinos in New Zealand - Bitrates

  12-07-2023 17:51
  
  The Top Five Cryptocurrency Casinos in New Zealand  Bitrates
  
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• What is QuillBot, and how to use it?

  12-07-2023 17:49 via cointelegraph.com
  
  QuillBot is an AI-powered writing tool that helps users improve their writing once they simply enter the text and explore the suggestions.
  
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• What is QuillBot, and how do I use it?

  12-07-2023 17:49 via cointelegraph.com
  
  QuillBot is an AI-powered writing tool that helps users improve their writing once they simply enter the text and explore the suggestions.
  
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• Struct Finance Transforms DeFi Landscape on Avalanche With the Launch of Tranche-based BTC.B-USDC Vaults

  12-07-2023 17:47 via coinjournal.net
  
  Tortola, British Virgin Islands, July 12th, 2023, Chainwire
  In its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored interest rate products linked to digital assets, is thrilled to announce the launch of the BTC.B-USDC Vaults.
  The tranche-based BTC.B-USDC Interest Rate Product was made possible by effectively leveraging Avalanche’s BTC.B (Bridged Bitcoin) for DeFi applications. The new vault beautifully
  
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• Helium price spikes as Bitcoin and Ethereum hover at key levels

  12-07-2023 17:44 via coinjournal.net
  
  Helium rose double digits as did 1inch and NEM after US inflation data 
  Bitcoin price on the other hand touched $31k on Coinbase and Ethereum hovered near $1.9k.
  Consumer prices rose 0.2% month-over-month and 3% year-over-year in June.Bitcoin moved slightly higher on Wednesday after stock markets reacted positively to the latest US inflation data. However, the flagship cryptocurrency continued to hover near a crucial level as bulls looked to retest year-to-date highs.
  BTC was changing hand
  
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• The Jackson Pollock Studio Splatters Beyond the Physical, Releases Digital Art Collection

  12-07-2023 17:42
  
  Beyond the Edge, inspired by the famed artists’ former workspace, features digitized Pollock works that come with a physical counterpart.
  
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• What Is Ethereum’s ‘Data Availability' Problem, and Why Does It Matter?

  12-07-2023 17:38
  
  Separate “data availability” layers could reduce congestion on the Ethereum network by making it easier for ancillary “rollup” networks to verify that transactional details exist and are available to download if needed — without actually downloading them. The concept might offer an alternative to Ethereum’s own proposed "danksharding" solution, seen as years away.
  
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• Crypto scams are down 77% — but this exploit is making a huge comeback

  12-07-2023 17:21 via cointelegraph.com
  
  Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.
  
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• Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

  12-07-2023 17:01
  
  A wallet tagged as belonging to the U.S. government has moved over $300 million worth of bitcoin (BTC) in three separate transactions.
  
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• Celsius Takes Legal Action Against StakeHound For Withholding $150 Million

  12-07-2023 17:00 via newsbtc.com
  
  Bankrupt cryptocurrency lender, Celsius Network, has filed a lawsuit against Liquid Staking Platform StakeHound. The crypto lender claims that Stakehound allegedly owes $150 million worth of tokens, including ether (ETH), Polygon’s MATIC, Polkadot’s DOT, and other cryptocurrencies, that belong to Celsius.
  The complaint was filed as part of Celsius Network’s ongoing bankruptcy proceedings. And according to the filing, StakeHound already initiated arbitration against Celsius. Sta
  
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