Cryptocurrency news

• Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

  07-08-2023 23:06
  
  The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.
  
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• These Bitcoin Metrics Are At Important Retests, Will Bullish Trend Prevail?

  07-08-2023 23:00 via newsbtc.com
  On-chain data shows two Bitcoin indicators are currently retesting levels that have historically been relevant for the market’s course.
  Bitcoin NUPL For Both Short-Term & Mid-Term Holders Is Neutral Currently
  As pointed out by an analyst in a CryptoQuant post, the BTC NUPL has been retesting crucial levels recently. The “Net Unrealized Profit/Loss” (NUPL) is a metric that keeps track of the net amount of profit or loss that investors are holding currently.
  This indicator wo
  
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• Bitcoin funds see weekly outflows of $111M, most since March: CoinShares

  07-08-2023 23:00 via cointelegraph.com
  
  Solana bucked the trend, with its $9.5 million in inflows taking the top spot over the past week.
  
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• Courts split on whether cryptocurrency is a security - Consumer Finance Monitor

  07-08-2023 22:44
  
  Courts split on whether cryptocurrency is a security  Consumer Finance Monitor
  
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• Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist

  07-08-2023 22:34
  
  First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies.
  
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• Price analysis 8/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

  07-08-2023 22:32 via cointelegraph.com
  
  Bitcoin’s failure to rebound off strong support may open further downside as bears may be tempted to sell.
  
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• FTX has a plan, but creditors are not impressed: Law Decoded

  07-08-2023 22:30 via cointelegraph.com
  
  A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan.
  
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• Cathie Wood predicts SEC simultaneously allows multiple spot crypto ETFs: Report

  07-08-2023 22:30 via cointelegraph.com
  
  ARK Investment Management is one of many firms looking for ways to offer U.S. investors exposure to crypto through exchange-traded funds.
  
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• Cathie Wood predicts SEC simultaneously allowing multiple spot crypto ETFs: Report

  07-08-2023 22:30 via cointelegraph.com
  
  ARK Investment Management is one of many firms looking for ways to offer U.S. investors exposure to crypto through exchange-traded funds.
  
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• PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos

  07-08-2023 22:24
  
  “The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
  
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• Crypto price prediction: Shiba Memu, Bitcoin Cash, Algorand

  07-08-2023 22:13 via coinjournal.net
  
  Shiba Memu token has raised over $1.64 million from investors.
  It is one of the most popular upcoming crypto tokens in the world.
  It combines key industries like AI and meme coins.
  Cryptocurrency prices moved sideways even as American equities jumped. Bitcoin remained slightly above $29,000 while the total market cap dropped by 0.42% to $1.16 trillin. The Dow Jones and the Nasdaq 100 indices jumped by over 0.65% as investors embraced a risk-on sentiment. This article will look at the forecast fo
  
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• Breaking: ‘All funds are at risk' — Steadefi exploited in ongoing attack

  07-08-2023 22:05 via cointelegraph.com
  
  The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it’s willing to discuss a bounty with the exploiters.
  
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• Breaking: 'All funds are at risk' — Steadefi exploited in ongoing attack

  07-08-2023 22:05 via cointelegraph.com
  
  The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it's willing to discuss a bounty with the exploiters.
  
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• Ethereum Whale $4.5 Million Burn Shocks ETH Community, What’s Going On?

  07-08-2023 22:00 via newsbtc.com
  
  The crypto space is never lacking of events – from hacks to memecoins frenzy, to traders realizing huge profits from trades. This time, it is the action of a particular Ethereum whale that has caught attention, one that has the ETH community in shock as to the reasons for such action. 
  The mysterious whale in question with the Ethereum address ‘nd4.eth’ sent $4.5 million worth of Ether (2,500 ETH) to a ‘burn’ address, in a move that removes these tokens from ci
  
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• Paypal's Idea for Easier Payments Is a Stablecoin Cryptocurrency - How-To Geek

  07-08-2023 21:37
  
  Paypal's Idea for Easier Payments Is a Stablecoin Cryptocurrency  How-To Geek
  
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• Two Months in El Salvador: The Ground Game for Bitcoin Adoption

  07-08-2023 21:29
  
  A graduate student on leave from the Wharton School checks in on the first country to adopt Bitcoin as legal tender. Are locals buying it?
  
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• Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and More

  07-08-2023 21:25
  
  From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
  
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• XDC Brushes Off Market Downtrends, Records Over 16% Surge As Top Coins Bleed

  07-08-2023 21:00 via newsbtc.com
  
  The crypto market has been downward over the past 24 hours, with top coins like Bitcoin dancing in tune with the bearish trend. But while top coins lost the past week’s gains, XDC Network holds over 16% of its gains.
  XDC now trades at $0.068, a price 16.75% higher than its value seven days ago. However, despite the token’s resilience, the bulls are about to capitulate, with nearly 4% lost in the last 24 hours.
  XDC Network Price Performance In The Last Week
  XDC’s market situatio
  
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• Cryptocurrency Optimism Up More Than 4% In 24 hours - Benzinga

  07-08-2023 21:00
  Cryptocurrency Optimism Up More Than 4% In 24 hours  Benzinga
  
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• Cryptocurrency asset types – and how they're taxed | INTHEBLACK - INTHEBLACK

  07-08-2023 20:47
  
  Cryptocurrency asset types – and how they're taxed | INTHEBLACK  INTHEBLACK
  
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• Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

  07-08-2023 20:45 via cointelegraph.com
  
  Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements.
  
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• Aptos’ APT Token Slides Ahead of $30M Unlock

  07-08-2023 20:42
  
  APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
  
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• UAE signs deal to develop carbon credit system on Venom Foundation blockchain

  07-08-2023 20:18 via cointelegraph.com
  
  The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge.
  
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• Crypto Adoption: Singapore Red Cross To Accept BTC, ETH, USDT, And USDC

  07-08-2023 20:00 via newsbtc.com
  
  Cryptocurrency payments have been increasingly widespread in recent years, with their use spreading to nearly every market. A use case of cryptocurrencies that has seen particular growth is in crypto donations and the Singapore Red Cross has now taken the plunge.
  Singapore Red Cross Taking Crypto Donations
  The Singapore Red Cross is the latest to jump on the crypto bandwagon as the homegrown humanitarian organization recently partnered with Triple-A, allowing donors to contribute Bitcoin (BTC),
  
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• Researcher Exposes Cryptocurrency Scam Network of 300 Domains - HackRead

  07-08-2023 19:59
  
  Researcher Exposes Cryptocurrency Scam Network of 300 Domains  HackRead
  
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• Trending : PayPal Offers Dollar-Pegged Cryptocurrency - Marketscreener.com

  07-08-2023 19:52
  Trending : PayPal Offers Dollar-Pegged Cryptocurrency  Marketscreener.com
  
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• It's ChatGPT, but for Bitcoin: New AI Tool Avoids 'Hallucinations'

  07-08-2023 19:39
  
  An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new "ChatBTC" is less likely to give incorrect answers about the original cryptocurrency, or to “hallucinate” like the more popular (and generalist) ChatGPT.
  
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• Singapore Red Cross Embraces Cryptocurrency for Donations - Crypto Mode

  07-08-2023 19:31
  
  Singapore Red Cross Embraces Cryptocurrency for Donations  Crypto Mode
  
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• Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

  07-08-2023 19:30 via cointelegraph.com
  
  Two investment moguls are betting on different directions for inflation and Treasury yields, with potentially negative impacts on Bitcoin.
  
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• Crypto Options Traders Bet Against Volatility

  07-08-2023 19:07
  
  "Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling or writing call/put options.
  
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• Is Worldcoin Just Another LUNA? Crypto Influencer Reveals

  07-08-2023 19:00 via newsbtc.com
  
  Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as well as new tokens and projects constantly striving to stand out and make a significant impact.
  Among the voices guiding investors through the labyrinthine world of crypto is Jordi Alexander, a renowned crypto influencer and the chief alchemist of the
  
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• Frax Share: The Key to Stable Value in a Volatile Cryptocurrency ... - Rebellion Research

  07-08-2023 18:57
  
  Frax Share: The Key to Stable Value in a Volatile Cryptocurrency ...  Rebellion Research
  
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• Mantle Introduces New Governing Body for Treasury Management

  07-08-2023 18:44
  
  The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.
  
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• Bitcoin revisits $28.8k as crypto sees huge outflows

  07-08-2023 18:42 via coinjournal.net
  
  Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800.
  Equities also showed signs of uncertainty with mixed trading recorded.
  Crypto investment products saw outflows totaling $107 million, the primary focus being BTC.Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market.
  Stocks were mixed in midday trading on Monday as earnings season starts to wind down and investors brace for an inflation reading cruci
  
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• BREAKING: Did Solana Miss A Golden Opportunity To Collaborate With PayPal’s PYUSD Stablecoin?

  07-08-2023 18:36 via newsbtc.com
  
  Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022. 
  However, unforeseen circumstances led to a sudden suspension of these plans. The collaboration between PayPal and FTX for the initial issuance of PYUSD on Solana was unexpectedly put on hold.
  According to Colin Wu, the delay was primarily attributed to FTX’s unfortunate crash, which introduced uncertainty and prompted both parties
  
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• CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst

  07-08-2023 18:33
  
  Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.
  
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• Bitcoin faces 'endless spot selling' as BTC price dips below $28.7K

  07-08-2023 18:29 via cointelegraph.com
  
  BTC price strength fails to sustain $29,000 support as the week begins with fresh weakness for Bitcoin.
  
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• A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

  07-08-2023 18:29
  
  Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers clamor for the Treasury Department to finish the job.
  
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• Telegram crypto bots gain momentum in the market: Binance Research

  07-08-2023 18:09 via cointelegraph.com
  
  Daily volumes of crypto trades on Telegram bots hit a record high of $10 million in July, according to a new report by Binance Research.
  
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• Countering North Korea, Russia means following the cryptocurrency - Federal News Network

  07-08-2023 18:01
  
  Countering North Korea, Russia means following the cryptocurrency  Federal News Network
  
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• Ripple Is Now A Member Of Trade Organization That Hosts The Likes Of BlackRock

  07-08-2023 18:00 via newsbtc.com
  
  In a significant development, Ripple joined the International Swaps and Derivatives Association (ISDA), placing itself at the forefront of the derivatives market valued at a staggering $1.2 quadrillion. 
  This move aligns Ripple with prominent industry leaders such as J.P. Morgan, Goldman Sachs, and BNY Mellon, solidifying its position within traditional financial systems.
  This particular membership category caters to technological solution providers and exchanges integral to the derivatives
  
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• CoinsPaid claims North Korean hacking group used fake job interview to steal $37M

  07-08-2023 17:57 via cointelegraph.com
  
  Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023, but switched their approach to targeting individuals through fake high-salary job offers.
  
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• How New Cryptocurrency Golden Cask Club (GCC) Investment Stacks Up Against XRP (XRP) and Monero (XMR) - Crypto Mode

  07-08-2023 17:54
  How New Cryptocurrency Golden Cask Club (GCC) Investment Stacks Up Against XRP (XRP) and Monero (XMR)  Crypto Mode
  
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• Crypto Options Traders Make Risky Bet Against Bitcoin Volatility

  07-08-2023 17:50
  
  "Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling or writing call/put options.
  
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• Cardano Blockchain Transactions Jumped 49% in Q2 on Network Upgrades, New Users

  07-08-2023 17:26
  
  Blockchain load – a measure of how much data is contained in blocks over a certain period – rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May.
  
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• IRS Releases Guidance on Cryptocurrency 'Staking' Rewards ... - JD Supra

  07-08-2023 17:19
  
  IRS Releases Guidance on Cryptocurrency 'Staking' Rewards ...  JD Supra
  
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• Chairman Gensler Warns of Widespread Cryptocurrency Fraud - The Coin Republic

  07-08-2023 17:05
  
  Chairman Gensler Warns of Widespread Cryptocurrency Fraud  The Coin Republic
  
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• Shiba Inu Sees 10% Pullback, But Here’s Why Rally Can Still Continue

  07-08-2023 17:00 via newsbtc.com
  
  Shiba Inu has gone down 10% since hitting a local top two days ago. But here are some metrics that suggest the rally could still continue.
  Shiba Inu On-Chain Metrics Have Seen Positive Developments Recently
  Shiba Inu had been stuck in a perpetual sideways trend during most of July, but the meme coin’s fate switched in the first few days of this month as its price showed some strong upwards momentum.
  In this rally, the asset had managed to breach the $0.00001000 level, meaning that it had r
  
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• Charting a New Course in Cryptocurrency Trading with Trustly.io - Crypto Mode

  07-08-2023 17:00
  Charting a New Course in Cryptocurrency Trading with Trustly.io  Crypto Mode
  
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• Binance's VC Arm Dominated Funding Rounds Last Week Even as Regulators Scrutinized the Crypto Exchange

  07-08-2023 16:59
  
  Binance Labs announced investments in four incubator projects and participated in a round for privacy infrastructure startup zkPass.
  
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