Cryptocurrency news

• Robinhood turns profitable in Q2, but crypto revenue declines

  02-08-2023 23:34 via cointelegraph.com
  
  Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
  
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• Curve emergency DAO terminates rewards for hack-related pools

  02-08-2023 23:19 via cointelegraph.com
  
  The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools.
  
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• Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform

  02-08-2023 23:15
  
  The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%.
  
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• Is the Pax Dollar (USDP) the future of Cryptocurrency? - DataDrivenInvestor

  02-08-2023 23:15 via news.google.com
  
  Is the Pax Dollar (USDP) the future of Cryptocurrency?  DataDrivenInvestor
  
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• Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

  02-08-2023 23:00 via cointelegraph.com
  
  After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi community.
  
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• BNB Nears $250 Level As Market Suffers Volatility; What’s Driving It?

  02-08-2023 23:00 via newsbtc.com
  
  Binance’s utility coin BNB has posted significant gains, surprising investors as the broader crypto market slumps. Bitcoin and Ethereum, including most altcoins, have gone on recess while BNB surges amid rapid expansion plans on the Binance ecosystem.
  BNB’s spike on Tuesday, August 1, hinged on Binance’s announcement about the asset’s debut in the Japanese market through its newly launched subsidiary, Binance Japan. BNB jumped dramatically from $236.8555 to $246.0655, a n
  
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• Towards a Web3 Without Wallets

  02-08-2023 22:51
  
  For Web3 to go mainstream, wallets should be as invisible to the users as databases are in Web2, says Ben Turtel, of Kazm.
  
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• TradFi Giant Direxion Joins Crypto ETF Race by Filing for Combined Bitcoin and Ether Futures Fund

  02-08-2023 22:48
  
  The move comes the same week that six other companies filed to launch ether futures ETFs.
  
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• AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery

  02-08-2023 22:37 via cointelegraph.com
  
  AAVE price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside.
  
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• Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2

  02-08-2023 22:27
  
  The online trading platform reported second-quarter earnings after the close on Wednesday.
  
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• Litecoin Plunges 6% to Fresh Monthly Lows on Halving Day

  02-08-2023 22:14
  
  Historically, LTC tended to peak ahead of its halving event, when miner rewards are slashed.
  
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• Ethereum ETFs Heat Up As Filings With SEC Climbs To Six

  02-08-2023 22:00 via newsbtc.com
  
  The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs. 
  The Race To Launch An Ethereum Futures ETF
  Cryptocurrency ETFs track the price of the digital currencies they are tied to and they are not a new thing in the crypto industry. Bitcoin futures h
  
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• Subscribers on X (formerly Twitter) can hide their blue check marks now

  02-08-2023 21:45 via cointelegraph.com
  
  Twitter Help warns that other users may still be able to tell if you're a subscriber.
  
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• What is Metcalfe’s Law, and why does it matter?

  02-08-2023 21:28 via cointelegraph.com
  
  Metcalfe’s Law suggests that the more people who use a cryptocurrency, the more valuable and useful it becomes.
  
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• MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform

  02-08-2023 21:15 via cointelegraph.com
  
  PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too.
  
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• Optimism (OP) Climbs Over 10% On Weekly Chart, Will The Rally Last?

  02-08-2023 21:00 via newsbtc.com
  Following a slight improvement in the broader cryptocurrency market, Optimism (OP) has posted positive gains today, August 2. The token is now over 10% higher than seven days ago. Optimism’s gain has placed it among the top-gaining coins today, with a nearly 3% gain in the last 24 hours. 
  Optimism Price Action as Bulls Struggle to Prevail
  According to CoinMarketCap data, Optimism peaked at $1.6712 on Wednesday morning, an over 5% increase from its past-day price. However, due to the i
  
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• Cryptocurrency Stellar Falls More Than 4% In 24 hours - Benzinga

  02-08-2023 21:00 via news.google.com
  Cryptocurrency Stellar Falls More Than 4% In 24 hours  Benzinga
  
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• Art, history and Bruce Lee in the metaverse, food brands use NFTs: Nifty Newsletter

  02-08-2023 21:00 via cointelegraph.com
  
  NFT company Yuga Labs is set to acquire a metaverse-building startup to advance its Otherside metaverse project.
  
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• Bitcoin Dips Below $29K, BNB Slides After Report on DOJ's Binance Concerns

  02-08-2023 20:28
  
  Fitch downgraded the U.S. credit rating to AA+. A similar downgrade by S&P in early August 2011 had cratered risk assets, including bitcoin.
  
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• Binance's CZ warns crypto community about emerging scam

  02-08-2023 20:18 via cointelegraph.com
  
  The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer's wallet.
  
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• Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

  02-08-2023 20:07 via cointelegraph.com
  
  Bitcoin is witnessing a strong battle between the bulls and the bears with the sellers currently holding a slight edge.
  
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• Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

  02-08-2023 20:02
  
  The price of bitcoin (BTC) and Binance's BNB token immediately fell following the report.
  
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• Uber CEO Commits to Accept Bitcoin and Cryptocurrency Payments ... - Crypto News Flash

  02-08-2023 20:00 via news.google.com
  
  Uber CEO Commits to Accept Bitcoin and Cryptocurrency Payments ...  Crypto News Flash
  
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• Abracadabra Protocol To Counter CRV Risk With 200% Interest Rate Hike

  02-08-2023 20:00 via newsbtc.com
  
  DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token. 
  In the last few days, CRV  has seen its value decline significantly due to the recent Curve Finance exploit on Sunday, which resulted in a total loss of over $60 million. According to data from CoinMarketCap, CRV is currently trading at $0.56, with an 8.28% loss in the last 24 hours.
  Abracadabra Exposed
  
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• Satoshi Coin Hosts Presale and Prepares to Launch ... - CryptoPotato

  02-08-2023 19:51 via news.google.com
  
  Satoshi Coin Hosts Presale and Prepares to Launch ...  CryptoPotato
  
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• Why I Don’t Feel Bad for HEX Founder Richard Heart’s Victims

  02-08-2023 19:36
  
  Maybe the SEC can finally convince Hex and PulseChain devotees that they’ve been cheated.
  
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• US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report

  02-08-2023 19:14 via cointelegraph.com
  
  Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022.
  
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• Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator

  02-08-2023 19:03 via cointelegraph.com
  
  Cointelegraph Accelerator participants will get a headstart with Consensys’ Web3 solutions, including MetaMask, Infura and Linea zkEVM.
  
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• Buying Pressure Incoming? MicroStrategy Files Notice With SEC To Sell $750 Million In Stocks

  02-08-2023 19:00 via newsbtc.com
  
  In a recent development, MicroStrategy, a US-based software firm, has announced intentions to raise about $750 million through stock sales. According to the platform, which is currently one of the biggest corporate holders of Bitcoin, proceeds realized from the sale will be used to purchase more Bitcoin.
  More BTC For MicroStrategy?
  In a filing with the United States Securities and Exchange Commission on August 1, MicroStrategy disclosed that it has entered into a sales contract with three compan
  
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• Biggest celebrity cryptocurrency losers - Capital Gazette

  02-08-2023 18:49 via news.google.com
  
  Biggest celebrity cryptocurrency losers  Capital Gazette
  
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• Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts

  02-08-2023 18:34
  
  “The odds of a spot Bitcoin ETF launching this year are up to 65%, in our eyes, after a flurry of developments,” analysts James Seyffart and Eric Balchunas wrote. They previously assigned a 50% probability.
  
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• Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

  02-08-2023 18:30 via cointelegraph.com
  
  A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework.
  
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• Worldcoin Suspended by Kenya on Financial Security and Privacy Concerns

  02-08-2023 18:29
  
  Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations.
  
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• Where's Bitcoin Going In The Second Half Of 2023? (Cryptocurrency ... - Seeking Alpha

  02-08-2023 18:28 via news.google.com
  
  Where's Bitcoin Going In The Second Half Of 2023? (Cryptocurrency ...  Seeking Alpha
  
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• Crypto Hedge Funds Will Shake Up the Industry: Crypto Long & Short

  02-08-2023 18:07
  
  There are hundreds of them already in crypto, and that’s likely to go up and catalyze the industry.
  
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• U.S. Spot Bitcoin ETF Chance Raised to 65% by Bloomberg Analysts

  02-08-2023 18:02
  
  “The odds of a spot Bitcoin ETF launching this year are up to 65%, in our eyes, after a flurry of developments,” analysts James Seyffart and Eric Balchunas wrote. They previously assigned a 50% probability.
  
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• Bitcoin Venture Capital Is Anything but Boring: Crypto Long & Short

  02-08-2023 18:00
  
  The purposeful approach to Bitcoin Core development fuels the idea that “nothing is happening on Bitcoin,” but innovation is actually robust.
  
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• Bitcoin Funding Rates Most Positive Since Feb, Long Squeeze Soon?

  02-08-2023 18:00 via newsbtc.com
  
  Data shows that Bitcoin funding rates have risen to the greenest levels since February 2023, something that could increase the risk of a long squeeze.
  Bitcoin Funding Rates Are At Highest Levels Since February
  As pointed out by an analyst in a CryptoQuant post, longs have accumulated in the market recently. The “funding rates” is an indicator that keeps track of the periodic fee that traders on the futures market are exchanging between each other right now.
  Related Reading: Bitcoin A
  
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• Bitcoin Casinos: A comprehensive guide to gambling with ... - MercoPress

  02-08-2023 17:55 via news.google.com
  
  Bitcoin Casinos: A comprehensive guide to gambling with ...  MercoPress
  
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• Decentralized Web3 data service taps ZK-proofs for tamper-proof SQL queries

  02-08-2023 17:47 via cointelegraph.com
  
  Space and Time launches zero-knowledge proof tool for its decentralized database platform.
  
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• Why You Should Care About Litecoin: It's the Backbone of Dogecoin

  02-08-2023 17:46
  
  Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.”
  
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• Beeple Goes Punk With $208K NFT Purchase

  02-08-2023 17:20
  
  The artist behind the most expensive NFT ever sold bought his first-ever PFP, CryptoPunk #4593.
  
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• Litecoin halving completes as LTC sees increased payments adoption

  02-08-2023 17:16 via cointelegraph.com
  
  Litecoin block rewards have now halved to 6.25 LTC as the halving clock is reset for another four years.
  
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• Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain - CoinDesk

  02-08-2023 17:15 via news.google.com
  Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain  CoinDesk
  
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• Litecoin Undergoes Third 'Halving,' in Milestone for 12-Year-Old Blockchain

  02-08-2023 17:15
  
  The blockchain's "halving," where the pace of new issuance of cryptocurrency gets cut in half every four years, took place Wednesday, when it reached data block 2,520,000.
  
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• Ethereum Juggernaut MetaMask’s Origin Story Challenged in New Lawsuit

  02-08-2023 17:04
  
  Joel Dietz is suing ConsenSys and his former business partner over his claims to MetaMask, the most important crypto wallet for the Ethereum blockchain.
  
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• KuCoin suspends Bitcoin and Litecoin mining pools

  02-08-2023 17:01 via cointelegraph.com
  
  "We deeply regret any inconvenience this might cause and we remain grateful for your unwavering support and understanding," the exchange wrote.
  
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• Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security”

  02-08-2023 17:00 via newsbtc.com
  
  Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the token in what has been an unpleasant week so far. 
  This unfavorable run has had an impact on the price of HEX, which is currently valued at $0.00486457. According to CoinGecko data, the token’s price has declined by more than 12% in the last day
  
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• Cryptocurrency Kaspa Rises More Than 8% In 24 hours - Benzinga

  02-08-2023 17:00 via news.google.com
  Cryptocurrency Kaspa Rises More Than 8% In 24 hours  Benzinga
  
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• Decentralized Exchange THORSwap Introduces New Feature Aimed at Better Price Execution for Large Trades

  02-08-2023 16:57
  
  Called Streaming Swaps, the feature is designed to improve capital efficiency for decentralized finance users who want to execute large trades.
  
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