Cryptocurrency news

• Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

  24-07-2023 23:49 via cointelegraph.com
  
  The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.
  
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• Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets

  24-07-2023 23:40 via cointelegraph.com
  
  Terra co-founder Do Kwon is currently in a Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets.
  
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• Bitcoin Plunge To $29,200 Sends 5.9% Of Supply Into Loss

  24-07-2023 23:30 via newsbtc.com
  
  On-chain data shows an additional 5.9% of the total Bitcoin supply has entered into losses as the cryptocurrency’s price has plummeted to $29,200 today.
  Bitcoin Supply In Profit Has Declined To 70.4% After Today’s Price Plunge
  According to data from the on-chain analytics firm Glassnode, 1.11 million BTC has gone underwater with the latest asset value drop. The relevant indicator here is the “percent supply in profit,” which tells us about the percentage of the total Bitc
  
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• If You Invested $1,000 In Solana When Robinhood Removed The Cryptocurrency, Here's How Much You'd Have No - Benzinga

  24-07-2023 23:10
  If You Invested $1,000 In Solana When Robinhood Removed The Cryptocurrency, Here's How Much You'd Have No  Benzinga
  
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• Worldcoin launch raises eyebrows as WLD price notches a double-digit gain

  24-07-2023 22:35 via cointelegraph.com
  
  Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
  
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• Two more crypto bills in the US: Law Decoded, July 17–24

  24-07-2023 22:30 via cointelegraph.com
  
  Last week was marked by two new legislative initiatives for the crypto industry in the United States.
  
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• Russian Introduces A Third Form Of Currency As Putin Signs Digital Ruble Into Law

  24-07-2023 22:30 via newsbtc.com
  
  Russia is progressing with its central bank digital currency (CBDC). President Vladimir Putin has endorsed the digital ruble bill, signing it into law on July 24. As a result of this approval, the digital ruble law is officially set to take effect starting from August 1, 2023.The digital ruble will serve as an additional form of the Russian national currency. It will run alongside the existing cash and non-cash forms.
  This development means that the Russian ruble will exist in three different fo
  
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• Fidelity is bullish on Ethereum for the long term

  24-07-2023 22:18 via coinjournal.net
  
  Fidelity likes Ethereum as burn rate now exceeds issuance.
  ETH continues to be the largest holding in investors’ portfolios.
  Ether is currently up more than 50% versus the start of the year.Ethereum is already up more than 50% for the year at writing but Fidelity Digital Assets still remains bullish on the premier altcoin for the long term.
  Why does Fidelity like Ethereum?
  The crypto platform that caters to institutional investors is constructive on Ether primarily because its burn rate n
  
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• 3 reasons why Maker (MKR) fundamentals hint at further price upside

  24-07-2023 22:00 via cointelegraph.com
  
  MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
  
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• Twitter vs. Threads: Users are the real losers

  24-07-2023 21:58 via cointelegraph.com
  
  The world’s eyes turned in excitement to the battle between Elon Musk's Twitter and Mark Zuckerberg's Threads, but users emerged as the real losers.
  
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• Crypto price outlook: BNB, Dogecoin

  24-07-2023 21:43 via coinjournal.net
  
  Cryptocurrencies traded largely lower today, with Bitcoin dipping to below $29k.
  BNB moved above XRP although bulls need to keep prices above $330 to keep bears at bay, otherwise it could dump to $220 or lower.
  Dogecoin spiked as Twitter rebranded to X. Can DOGE go higher?Crypto news today has been dominated by headlines around the launch of Worldcoin (WLD) token and Elon Musk’s Twitter rebrand to X. Meanwhile, the broader crypto market has continued to see a slump for major altcoins, wit
  
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• US GAO says lack of interagency cooperation needs to be addressed in crypto regulation

  24-07-2023 21:35 via cointelegraph.com
  
  In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together.
  
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• Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price

  24-07-2023 21:30 via newsbtc.com
  
  Elon Musk is, once again, showing his support for Dogecoin in a subtle but meaningful way. Twitter, one of the biggest social media companies now under the leadership of Musk, recently changed its logo from the infamous ‘blue bird’ to a seemingly discrete X symbol. However, this was not the end of the changes as Musk also changed his Twitter bio to display the Dogecoin symbol. 
  Elon Musk Highlights Dogecoin In Recent Changes
  On Monday, Elon Musk changed his Twitter location to &
  
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• Proposed gag order in SBF's criminal case under review, citing attempt to 'influence public opinion'

  24-07-2023 21:10 via cointelegraph.com
  
  The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial.
  
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• Judge in SBF's criminal case proposes gag order, citing attempt to 'influence public opinion'

  24-07-2023 21:10 via cointelegraph.com
  
  The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial.
  
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• Binance Announces Listing Of Sam Altman’s Worldcoin, Opens Deposits

  24-07-2023 20:30 via newsbtc.com
  
  Binance, the world’s largest cryptocurrency exchange, has now listed Worldcoin (WLD), the much-anticipated digital asset founded by Sam Altman, the CEO of OpenAI. This listing has garnered immense attention from the global crypto community, with investors eager to participate in this new venture. The listing, announced today at 12:00 will include trading pairs such as WLD/BTC, WLD/USDT, and WLD/USDC.
  Worldcoin (WLD) aims to empower humanity in the Age of AI Worldcoin and revolutionize the
  
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• Bitcoin Drops to $29K Amid Binance Story, China Woes; XRP, SOL Lead Altcoin Slump

  24-07-2023 20:23
  
  Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
  
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• Caldera brings decentralized sequencing to OP stack with Espresso

  24-07-2023 20:22 via coinjournal.net
  
  Caldera developers can leverage Espresso Sequencer for greater scaling and decentralisation.
  The rollup-as-a-service (RaaS) platform recently partnered with Manta Network and SupraOracles.Caldera, a rollup-as-a-service (RaaS) platform, and blockchain infrastructure company Espresso Systems have announced a partnership that will see them work together towards enabling decentralized sequencing to the OP stack and Caldera chains.
  The integration will also be key in allowing Caldera layer 2s to tap
  
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• Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

  24-07-2023 20:00 via cointelegraph.com
  
  Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins.
  
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• Bitcoin Dips Below $29K Amid WSJ Report on Binance Issues, China's Economic Woes

  24-07-2023 19:57
  
  Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
  
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• New York congressman blasts SEC for cryptocurrency ‘crusade’ - The Center Square

  24-07-2023 19:53
  New York congressman blasts SEC for cryptocurrency ‘crusade’  The Center Square
  
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• Putin Signs Digital Ruble Law Making a CBDC Possible in Russia

  24-07-2023 19:46
  
  The new law describes a legal framework for a central bank digital token
  
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• New research shows how brain-like computers could revolutionize blockchain and AI

  24-07-2023 19:45 via cointelegraph.com
  
  A CMOS-compatible neuromorphic computing chip could be on the horizon thanks to breakthrough research out of Technische Universität Dresden.
  
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• Putin Signed Digital Ruble Law Making a CBDC Possible in Russia

  24-07-2023 19:30
  
  The new law describes a legal framework for a central bank digital token
  
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• Ethereum Whale Transfers To Exchanges Suggest More Selling Pressure For ETH

  24-07-2023 19:30 via newsbtc.com
  
  Currently, the crypto market is under fire from bears, and coins like Ethereum (ETH) are already starting to feel the heat. Amid the struggle to recover, there have been massive inflows of ETH into centralized exchanges, which could spell further struggles for the digital asset going forward.
  Ethereum Whales Move Millions To Centralized Exchanges
  Multiple reports from the on-chain whale tracking platform Whale Alert have shown that Ethereum whales could be exiting their positions in large volume
  
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• EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says

  24-07-2023 19:28
  
  The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
  
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• Ghost From the Well: Is Crypto Mining With Associated Gas Better for the Environment?

  24-07-2023 19:24
  
  Oil and gas companies are keen to use gas that would normally be flared off to run bitcoin mining operations. But environmentalists claim the practice merely perpetuates the use of fossil fuels.
  
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• Crypto investment products saw minor outflows of $6.5M last week – CoinShares

  24-07-2023 19:04 via coinjournal.net
  
  About $6.5 million flowed out of funds tracking different cryptocurrencies last week.
  Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows.
  The minor outflows follow 4 consecutive weeks of inflows.CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 million over the past week. The outflows follow a consecutive four weeks of inflows that saw investors pour $
  
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• I Had My Iris Scanned by the Worldcoin Orb, and It Wasn't as Scary as I Expected

  24-07-2023 19:03
  
  Sam Altman’s identity-verifying Worldcoin Orb is available worldwide as the network launched on Monday.
  
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• Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO

  24-07-2023 18:57 via cointelegraph.com
  
  Coinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHenry were both considering a legislative path forward on regulating digital assets.
  
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• Raffensperger warns of new cryptocurrency scam | News ... - Northwest Georgia News

  24-07-2023 18:45
  
  Raffensperger warns of new cryptocurrency scam | News ...  Northwest Georgia News
  
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• Latest North Korean hack targeting cryptocurrency shows troubling ... - CyberScoop

  24-07-2023 18:44
  
  Latest North Korean hack targeting cryptocurrency shows troubling ...  CyberScoop
  
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• Why is XRP price down today?

  24-07-2023 18:43 via cointelegraph.com
  
  XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
  
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• Inside the Orb: The Untold Story of Worldcoin’s Launch

  24-07-2023 18:37
  
  Is Sam Altman’s UBI startup a smart countermeasure to AI, or a privacy nightmare? Jeff Wilser reports.
  
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• Bittrex To US Users: Withdraw Your Crypto Or Risk Running Into Issues

  24-07-2023 18:30 via newsbtc.com
  
  Bittrex Inc., the US arm of the crypto exchange Bittrex Global, has sent a reminder email to its users on the need to withdraw their funds “as soon as possible.” Although the deadline for withdrawal of funds remains August 31, the crypto exchange has urged users to do it soon to give their team “sufficient time to resolve any unforeseen issues.”
  “Bittrex Inc. has been granted permission by the United States Bankruptcy Court to allow customers who meet the necessary
  
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• Ethereum price prediction: Fed and options expiry in focus

  24-07-2023 17:58 via coinjournal.net
  
  Ethereum price drifted downwards as demand for the coin waned.
  Focus shifts to the upcoming Fed interest rate decision.
  Ethereum will have options expiry on Friday.
  Ethereum price retreated to the lowest level since July 7th as demand for cryptocurrencies cooled. The coin slipped to $1,847, which was lower than this month’s high of $2,025. It remains ~15% below the year-to-date high, meaning it has moved into a correction.
  Fed and options expiry
  There will be two important catalysts for Et
  
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• Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP

  24-07-2023 17:54
  
  Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
  
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• Chainlink (LINK) Holds Above 14% Gains As Crypto Market Slumps Heavily

  24-07-2023 17:30 via newsbtc.com
  
  Following a correction in the crypto market, several coins, including the flagship cryptocurrency Bitcoin, have surrendered their weekly-accumulated gains. However, amid the massive depression, Chainlink (LINK) held more than 14% in the weekly chart.
  Does the off-chain data aggregator’s remarkable resilience despite the bearish outlook depict a market decoupling, or is something sustaining it?
  Chainlink Price Stronger As More Ecosystem Developments Unfold
  Last week, Chainlink launched the
  
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• Crypto projects raised over $200M last week, with Chancer’s presale closing in on $1M

  24-07-2023 17:15 via coinjournal.net
  
  Key takeaways
  Cryptocurrency projects raised $201 million from VC firms last week.
  Chancer’s presale is currently ongoing, and the project is close to hitting the $1 million mark. 
  The cryptocurrency market is starting the week in a bearish manner. Bitcoin is down by more than 2% today and could experience further decline in the next few hours. At press time, the price of Bitcoin stands at $29,148 per coin.
  However, Chancer’s presale continues to soar higher, with the team
  
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• Bitcoin whale exchange inflow share hits 1-year high — over 40%

  24-07-2023 17:06 via cointelegraph.com
  
  Bitcoin whales account for the most exchange inflows volume-wise since June 2022, as short-term holders become increasingly active.
  
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• Ethereum’s Buterin Expresses Concerns Over Sam Altman’s Worldcoin

  24-07-2023 16:56
  
  Worldcoin’s consensus system, “Proof-of-Personhood,” faces issues with privacy, accessibility, centralization, and security, according to Buterin.
  
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• What criminal charges for Celsius ex-CEO mean for crypto industry

  24-07-2023 16:34 via cointelegraph.com
  
  The former CEO of the troubled crypto lender faces multiple charges of fraud and market manipulation as U.S. regulators eye crypto market overhaul.
  
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• Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of Tortuous Recovery

  24-07-2023 16:32
  
  Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
  
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• Bitcoin Sharks Continue Accumulation, But Whales Stagnate

  24-07-2023 16:30 via newsbtc.com
  
  On-chain data shows the number of Bitcoin sharks has continued to increase recently, but the whale count on the network has hit stagnation.
  Bitcoin Sharks Have Continued To Go Up In Number Recently
  According to data from the on-chain analytics firm Santiment, the number of whales on the Bitcoin blockchain has observed a slight decline during the last couple of months.
  The relevant indicator here is the “Supply Distribution,” which measures the total number of addresses that belong to
  
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• Vladimir Putin signs Russia’s digital ruble bill into law

  24-07-2023 16:27 via coinjournal.net
  
  The digital ruble bill was passed by the lower and upper parliaments before the president signed it into law.
  Russia is following in the footsteps of its neighbour, China, which is way ahead with its digital Yuan project.
  The use of the digital ruble will be a voluntary choice for Russian citizens.According to an official government document, President Vladimir Putin signed the bill establishing the digital ruble into law on July 24, advancing Russia’s central bank digital currency (CBDC)
  
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• Bitcoin touches $29k as liquidations hit $150 million

  24-07-2023 16:17 via coinjournal.net
  
  Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours.
  Total rekt positions was more than $150 million, with $124 million being longs.
  The volatility saw over 50,000 traders liquidated in the past 24 hours.Bitcoin extended its decline beneath $30,000 on Monday as the total crypto market value dipped by 2% to just over $1.2 trillion.
  As BTC price touched $29,000 across major exchanges – it fell to $28,978 on Bitstamp and $28,973 on Coinbase &nda
  
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• Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery’

  24-07-2023 16:12
  
  Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
  
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• Through It All, the Bitcoin Mining Industry Looks Set for Growth

  24-07-2023 16:08
  
  Though the Bitcoin halving will reduce rewards for miners, the prospects for the industry remain bright and innovations like Ordinals promise more demand for miner services in the future.
  
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• How Miners Are Preparing for the Next Bitcoin Halving

  24-07-2023 15:50
  
  Bitcoin’s fourth “halving” next April poses miners with strategic questions around equipment, energy use and diversification. This story is part of CoinDesk's Mining Week 2023.
  
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• Coinbase vs SEC court dates confirmed for initial case arguments

  24-07-2023 15:50 via cointelegraph.com
  
  A judge in New York has approved a joint request from the SEC and Coinbase to settle dates for opening briefs and all subsequent responses.
  
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