Cryptocurrency news

• Sequoia Capital Slashes Crypto Fund From $585M to $200M : WSJ

  27-07-2023 23:29
  
  The vaunted VC firm told investors earlier in the year it would shrink the fund to reflect a changed market.
  
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• SEC chief accountant warns accountants about liabilities when auditing crypto firms

  27-07-2023 23:20 via cointelegraph.com
  
  Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants.
  
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• New Optimism wallet lets users receive crypto via Twitter login

  27-07-2023 23:17 via cointelegraph.com
  
  Beam wallet uses Web3Auth and account abstraction to allow for seedless accounts, stablecoin gas payments, and other user experience features.
  
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• Disgraced U.S. Congressman George Santos Involved Crypto in Nigerian Prince-Like Scheme: NYT

  27-07-2023 23:07
  
  A source told The New York Times that Santos and two others appeared to try a crypto-centric version of the classic Nigerian prince email scam.
  
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• BNB Chain’s Q2 Performance Sparks Optimism Amidst Regulatory Uncertainty

  27-07-2023 23:00 via newsbtc.com
  
  Binance Smart Chain (BNB) has seen significant growth in its daily active addresses and transactions in the second quarter of 2023, according to a report by blockchain analytics firm Messari. 
  The increase in activity was primarily driven by LayerZero, a cross-chain messaging protocol that enables lightweight and efficient communication between different networks.
  However, BNB’s market cap declined by 25.2% after the US Securities and Exchange Commission (SEC) alleged that BNB is a se
  
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• Why is Jerome Powell gaslighting us about the odds of recession?

  27-07-2023 22:53 via cointelegraph.com
  
  Economic data seems to indicate an economic slowdown is inevitable. So why is Fed Chairman Jerome Powell trying to gaslight Americans?
  
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• Cryptocurrency Companies: Enforceable Terms of Use Matter ... - JD Supra

  27-07-2023 22:52
  
  Cryptocurrency Companies: Enforceable Terms of Use Matter ...  JD Supra
  
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• Scammers pile on to impersonate Worldcoin on Twitter following token launch

  27-07-2023 22:23 via cointelegraph.com
  
  Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers.
  
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• European Central Bank Follows US Fed’s Footsteps With 25 BPS Hike

  27-07-2023 22:00 via newsbtc.com
  
  On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points (BPS) in a move similar to the one taken by the United States Federal Reserve. 
  The US Federal Reserve, on Wednesday, increased its fund rates by an additional 25 BPS, its highest interest rate in 22 years.
  European Central Bank In The Fight Against Inflation
  The European Central Bank, in its statement, admitted that although infla
  
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• Don’t Change The Channel! Why Bitcoin Could Target $42K If Uptrend Holds

  27-07-2023 21:36 via newsbtc.com
  
  Bitcoin, the world’s largest cryptocurrency by market cap, has traded at or near $30K per coin for the better part of 2023.
  Throughout the year, an uptrend channel has formed that is currently still holding. If support remains unbroken, it could propel BTCUSD to the top of the parallel channel which is currently located at or around $42K per coin.
  A Bitcoin Price Channel For Your Viewing Pleasure
  2023 might not have featured the same painful drawdowns in Bitcoin and other cryptocurrencies
  
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• MakerDAO increases DAI yield in bid to boost demand

  27-07-2023 21:30 via cointelegraph.com
  
  The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%.
  
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• MakerDAO increases DAI yield in a bid to boost demand

  27-07-2023 21:30 via cointelegraph.com
  
  The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%.
  
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• A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else

  27-07-2023 21:19
  
  The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren't so lucky.
  
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• Sui Foundation Dumps MovEX After Contract Violation

  27-07-2023 21:00 via newsbtc.com
  
  Sui Foundation has ended its relationship with the decentralized exchange MovEX following a breach of contract. The foundation alleged that MovEX had released a significant amount of SUI tokens – subject to a contractual lockup – into circulation.
  Sui Foundation Terminates Relationship With MovEX For Unlocking 2.5 Million Tokens
  On July 26, 2023, the Sui Foundation released a blog post, explaining the network’s token supply and the essence of its token release schedule. The fou
  
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• Optimism transaction volumes surpass Abitrum’s for the first time in six months

  27-07-2023 20:30 via cointelegraph.com
  
  Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest," but has regained it after Worldcoin launched on July 25.
  
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• Tokenization News Roundup: Avalanche Invests $50M in RWA

  27-07-2023 20:19
  
  Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain’s new laws, how the U.K’s regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023.
  
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• Crypto Bill Advances Out of House Agriculture Committee - CoinDesk

  27-07-2023 20:11
  Crypto Bill Advances Out of House Agriculture Committee  CoinDesk
  
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• Crypto Bill Advances Out of House Agriculture Committee

  27-07-2023 20:11
  
  The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did.
  
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• Soteria: Revolutionizing Cryptocurrency Security as Worlds First Blockchain-Enabled Law Enforcement Agency While Prioritizing Investors - Yahoo Finance

  27-07-2023 20:00
  Soteria: Revolutionizing Cryptocurrency Security as Worlds First Blockchain-Enabled Law Enforcement Agency While Prioritizing Investors  Yahoo Finance
  
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• Solana (SOL) Records Positive Moves As Bears Took Control, What’s Pushing It?

  27-07-2023 20:00 via newsbtc.com
  
  The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all. 
  Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while others, like Bitcoin, barely crossed 1%, given the significant increase. The Ethereum killer is now number 9 among the top-gaining coins
  
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• 'Pro crypto bill' passes out of US House Agriculture Committee

  27-07-2023 19:45 via cointelegraph.com
  
  The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
  
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• ‘Pro-crypto bill' passes out of US House Agriculture Committee

  27-07-2023 19:45 via cointelegraph.com
  
  The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
  
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• Worldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says CoinFund

  27-07-2023 19:15
  
  Worldcoin could onboard "billions of users" into crypto, said CoinFund.
  
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• Bitcoin May Reach $300K by 2028 Halving, Says $1.6B Asset Manager

  27-07-2023 19:02
  
  The Morgan Creek Capital Management founder said that bitcoin will reach $300,000 by Bitcoin’s 2028 halving.
  
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• PEPE Whales Load Up Their Bags As Memecoin Jumps 13%

  27-07-2023 19:00 via newsbtc.com
  
  Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours.
  PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day
  After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum.
  The asset extended this decline in the days that followed, but the downtrend this time
  
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• Is Cryptocurrency the Future of Real Estate Transactions? - Entrepreneur

  27-07-2023 19:00
  
  Is Cryptocurrency the Future of Real Estate Transactions?  Entrepreneur
  
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• Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

  27-07-2023 18:45 via cointelegraph.com
  
  Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm.
  
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• Cryptocurrency Companies: Enforceable Terms of Use Matter - Lexology

  27-07-2023 18:30
  
  Cryptocurrency Companies: Enforceable Terms of Use Matter  Lexology
  
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• Bitcoin Remains in Tight Range Around $29.3K; Stellar's XLM Leads Altcoin Gainers

  27-07-2023 18:30
  
  A few more Fed rate hikes are likely, but "the hardest work is done," one expert said.
  
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• MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin with Up to 8% Reward

  27-07-2023 18:28
  
  The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
  
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• Amazon Expands Web3 Reach With Cloud Tools That Help Blockchain Developers

  27-07-2023 18:24
  
  The tech giant moves deeper into Web3 infrastructure with AMB Access and Query services for developers.
  
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• Suku May Beat Musk to Crypto Twitter Payment Adoption

  27-07-2023 18:13
  
  Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs on Twitter.
  
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• Enhancing Profitability of Wind and Solar Through Bitcoin Mining

  27-07-2023 18:11
  
  It's all about solving "the duck curve" problem on the grid. This op-ed is part of CoinDesk's Mining Week.
  
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• Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print

  27-07-2023 18:08 via cointelegraph.com
  
  Bitcoin casts off a U.S. GDP "nothingburger" but DXY charges to two-week highs in what is traditionally a BTC price headwind.
  
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• Meta Remains Committed to the Metaverse Despite $13.7B Loss in 2022, Mark Zuckerberg Says

  27-07-2023 18:02
  
  The pivot to the metaverse has cost Meta billions of dollars, but the company’s founder and CEO Mark Zuckerberg says the social media isn't looking to give up anytime soon.
  
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• Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

  27-07-2023 18:00 via cointelegraph.com
  
  Republican leadership has blamed the Biden administration for not having a "sense of urgency" on stablecoins, while the Democratic response suggested "impatience" by lawmakers.
  
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• Fed’s No Recession Claim Boosts Bitcoin And Crypto, Historical Data Contradicts

  27-07-2023 18:00 via newsbtc.com
  
  Arguably the most important takeaway from yesterday’s FOMC meeting was that the U.S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today. Fed Chairman Jerome Powell’s statement during the FOMC press conference seems to have eased investor concerns, leading to a swift recovery in both tradfi and crypto. However, historical data suggests that caution may be warranted as the potential for recession remains a loomi
  
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• Unblocking Crypto: How to Access The Asset Class

  27-07-2023 17:45
  
  Since many options are available for digital asset investment and we see more digital asset investment vehicles, now is a great time to start. Understanding the choices available for will help clients of advisors plan how to support them.
  
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• RFK Jr: Bitcoin ‘Currency of Freedom’; Canadian Government Morphed Into ‘Monster’ During Trucker Protests

  27-07-2023 17:37
  
  The Democratic presidential candidate made the comments during a Twitter Spaces conversation with prominent Bitcoiners on Wednesday.
  
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• 99-year-old Hungarian artist's computer generated NFTs sold for $1.2M

  27-07-2023 17:14 via cointelegraph.com
  
  Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century.
  
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• War on cryptocurrency crimes continues: DOJ merges teams to ... - CoinGeek

  27-07-2023 17:07
  
  War on cryptocurrency crimes continues: DOJ merges teams to ...  CoinGeek
  
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• Bulls make money, bears make money, pigs get slaughtered

  27-07-2023 17:07 via cointelegraph.com
  
  Bullish investors profit from rising markets, bearish investors profit from falling markets, while "pigs," often suffer losses in risky conditions.
  
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• FTX’s Bankman-Fried Should Be Jailed Heading Into Trial, U.S. Argues

  27-07-2023 17:04
  
  A prosecutor said that "no set of release conditions can secure the safety of the community."
  
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• Lacoste Unveils Exclusive Ethereum-Based Virtual Store For NFT Holders

  27-07-2023 17:00 via newsbtc.com
  
  Fashion brand Lacoste has unveiled an exclusive Ethereum-based virtual store for NFT holders as the brand aims to give its NFT holders an immersive experience for the summer. The virtual store, created by retail technology developer Emperia, will integrate the traditional retail experience with digital innovations exclusive to users holding Lacoste’s UNDW3 NFT passes. 
  An Insight Into UNDW3 & Lacoste’s Virtual Store
  Lacoste’s UNDW3 NFT holders will have exclusive acces
  
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• Cryptocurrency Synthetix Network Up More Than 6% In 24 hours - Benzinga

  27-07-2023 17:00
  Cryptocurrency Synthetix Network Up More Than 6% In 24 hours  Benzinga
  
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• Cryptocurrency Stellar Up More Than 11% In 24 hours - Benzinga

  27-07-2023 17:00
  Cryptocurrency Stellar Up More Than 11% In 24 hours  Benzinga
  
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• Cryptocurrency Optimism's Price Increased More Than 3% Within 24 hours - Benzinga

  27-07-2023 17:00
  Cryptocurrency Optimism's Price Increased More Than 3% Within 24 hours  Benzinga
  
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• Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

  27-07-2023 16:58
  
  Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics.
  
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• Introducing $X Project: A Community-Driven Cryptocurrency Redefining Possibilities in the Crypto Space - Yahoo Finance

  27-07-2023 16:30
  Introducing $X Project: A Community-Driven Cryptocurrency Redefining Possibilities in the Crypto Space  Yahoo Finance
  
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• Singapore High Court Declares Cryptocurrency as Property that Can ... - Cryptonews

  27-07-2023 16:24
  
  Singapore High Court Declares Cryptocurrency as Property that Can ...  Cryptonews
  
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