Cryptocurrency news

• Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage

  08-08-2023 23:48 via cointelegraph.com
  
  If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.
  
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• Crypto News Today: Bitcoin's Rally Toward $30K, PayPal's Stablecoin Fakes, and More

  08-08-2023 23:36
  
  As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.
  
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• Bitcoin Pushes Through $30K for First Time in Nearly One Week

  08-08-2023 23:32
  
  Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens.
  
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• Could Stacks Be a Multibillion-Dollar Cryptocurrency? - The Motley Fool

  08-08-2023 23:28
  
  Could Stacks Be a Multibillion-Dollar Cryptocurrency?  The Motley Fool
  
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• Could Stacks Be a Multibillion-Dollar Cryptocurrency? - Nasdaq

  08-08-2023 23:28
  
  Could Stacks Be a Multibillion-Dollar Cryptocurrency?  Nasdaq
  
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• Private Equity Giant David Rubenstein Makes the Case for Bitcoin

  08-08-2023 23:19
  
  Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money that can’t be controlled by governments.
  
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• Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

  08-08-2023 23:02
  
  The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.
  
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• Sandbox Set For $133 Million Token Unlock, A Bearish Trigger For SAND Price?

  08-08-2023 23:00 via newsbtc.com
  
  Decentralized gaming platform, The Sandbox is set to execute a SAND token release valued at $133.86 million. According to data from TokenUnlocks, Sandbox will release 332.55 million SAND tokens into circulation on August 14, representing 16.16% of the token’s maximum supply. 
  New SAND Tokens In 2023 To Rise Over 700 Million
  With the upcoming SAND release, the total number of new SAND tokens in 2023 is expected to rise to 705.3 million. This latest unlock will add to the 372.75 million
  
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• Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

  08-08-2023 22:46
  
  The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.
  
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• AIXtreme Ltd: Innovative AI Quantitative Trading Firm Opens New Era of Cryptocurrency Investing - Yahoo Finance

  08-08-2023 22:45
  AIXtreme Ltd: Innovative AI Quantitative Trading Firm Opens New Era of Cryptocurrency Investing  Yahoo Finance
  
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• ChatGPT and Claude are ‘becoming capable of tackling real-world missions,’ say scientists

  08-08-2023 22:30 via cointelegraph.com
  
  The scientists developed a tool called "AgentBench" to benchmark LLM models as agents.
  
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• Litecoin Long-Term Holders Smartly Exited Before Halving, Data Shows

  08-08-2023 22:00 via newsbtc.com
  
  Data shows that Litecoin long-term holders exited the asset before the halving, while short-term holders were left to panic on the halving day. The “halving” here refers to an event where the block rewards of Litecoin are permanently cut in half.
  Litecoin Long-Term Holders Sold During Price Surge Before The Halving
  According to data from the market intelligence platform IntoTheBlock, the long-term holders had been well-prepared for the “sell the news” halving event. The &
  
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• Bitstamp to suspend trading of major altcoins for US users

  08-08-2023 21:52 via cointelegraph.com
  
  All the soon-to-be suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.
  
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• Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report

  08-08-2023 21:37 via cointelegraph.com
  
  It's unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried's trial in October.
  
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• What Does a Risk Analysis Say About r/CryptoCurrency Moons (MOON) Tuesday? - InvestorsObserver

  08-08-2023 21:32
  What Does a Risk Analysis Say About r/CryptoCurrency Moons (MOON) Tuesday?  InvestorsObserver
  
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• Bitcoin Rises 3% to Challenge $30K After Weak China Data Sends Yields Plunging

  08-08-2023 21:26
  
  Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens.
  
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• Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg

  08-08-2023 21:21
  
  It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
  
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• Desperately Seeking Crypto’s Killer App

  08-08-2023 21:18
  
  When you take away the speculation, what Web3 services actually deliver utility for users?
  
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• Crypto Market Leaders and Laggards: The Biggest Movers of the Week

  08-08-2023 21:13
  
  Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.
  
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• HBAR Token Scores Impressive Gains As Major Cryptos Nosedive

  08-08-2023 21:00 via newsbtc.com
  Hedera Hashgraph’s native cryptocurrency, HBAR, is shining following the slight boost in the crypto market today, August 8. Hedera briefly broke through the one-month-long $0.5 resistance, climbing above $0.6, while top coins like Bitcoin bleed with losses.
  Even though the overall crypto market cap gain affected many assets positively, HBAR owes most of its gains to the latest ecosystem developments and partnerships.
  HBAR Price Performance Amid Impressive Ecosystem Updates
  Despite a d
  
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• Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial

  08-08-2023 20:42 via cointelegraph.com
  
  Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge.
  
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• Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked

  08-08-2023 20:39
  
  CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.
  
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• Exploring the Legal Implications of Cryptocurrency and Blockchain ... - Haute Living

  08-08-2023 20:15
  
  Exploring the Legal Implications of Cryptocurrency and Blockchain ...  Haute Living
  
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• Bavaria's Data Regulator Had Not Concluded Assessment of Worldcoin When the Project Launched

  08-08-2023 20:09
  
  The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.
  
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• Elon Musk's Cryptocurrency Launch Decision Revealed - The Coin Republic

  08-08-2023 20:03
  
  Elon Musk's Cryptocurrency Launch Decision Revealed  The Coin Republic
  
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• Pro-XRP Lawyer John Deaton Says He Is Willing To Bet That Ripple Will Win SEC Appeal

  08-08-2023 20:00 via newsbtc.com
  
  Popular XRP advocate and notable attorney John Deaton recently predicted a comfortable appeal victory by Ripple against the United States Securities and Exchange Commission (SEC). The Managing Partner of ‘The Deaton Law Firm’ says he is willing to bet big on the exchange emerging victorious on appeal.
  Founded Belief Or Mere Speculation?
  John Deaton’s willingness to bet on an uncertain court judgment follows a recent thread penned by digital asset enthusiast and Australian-based
  
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• CPI report may show uptick in US inflation — How will Bitcoin price react?

  08-08-2023 19:47 via cointelegraph.com
  
  Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up.
  
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• Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, Justice Department Says

  08-08-2023 19:38
  
  The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an "illegal campaign finance" scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn't bring a campaign finance charge against the FTX founder due to treaty obligations.
  
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• DePaul professors featured in doc about cryptocurrency - WBBM

  08-08-2023 19:37
  
  DePaul professors featured in doc about cryptocurrency  WBBM
  
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• Futurama’s latest reboot takes aim at Bitcoin miners

  08-08-2023 19:30 via cointelegraph.com
  
  The latest episode of the series, which first premiered in 1999, would have its audience believe humans (and robots) will still be mining Bitcoin in the year 3023.
  
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• Crypto-Focused Public Companies Outdo Q2 Profit Projections ... - Cryptonews

  08-08-2023 19:20
  
  Crypto-Focused Public Companies Outdo Q2 Profit Projections ...  Cryptonews
  
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• Reddit community tokens soar on Kraken listing

  08-08-2023 19:00 via cointelegraph.com
  
  The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation.
  
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• Binance Obtains License for Cryptocurrency Exchange in El Salvador - Contxto

  08-08-2023 18:56
  
  Binance Obtains License for Cryptocurrency Exchange in El Salvador  Contxto
  
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• Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, DOJ Says

  08-08-2023 18:55
  
  The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an "illegal campaign finance" scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn't bring a campaign finance charge against the FTX founder due to treaty obligations.
  
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• USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

  08-08-2023 18:30 via cointelegraph.com
  
  The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
  
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• Cathie Wood and Mike Novogratz Are Both Bullish on Spot Bitcoin ETF Approvals

  08-08-2023 18:12
  
  Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz are both optimistic about the imminent approval of a spot bitcoin ETF.
  
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• Can Cardano whales stop ADA price from falling 20%?

  08-08-2023 18:07 via cointelegraph.com
  
  The number of Cardano's richest investors holding ADA has surged to its highest level in almost a year.
  
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• Is Curve DAO (CRV) Price On Track To Reach Or Exceed $1 This Month?

  08-08-2023 18:05 via newsbtc.com
  
  Curve DAO (CRV) encountered notable obstacles in reestablishing its market equilibrium subsequent to a recent breach in its network security.
  After a network intrusion that jeopardized a portion of Curve DAO’s (CRV) smart contracts and caused a monetary setback of $50 million, the value plummeted drastically.This occurrence prompted numerous investors to bet against their CRV tokens, exacerbating the downward pressure on its valuation.
  Based on a recent analysis of the price trends, the va
  
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• BitPay and Method Financial Partner on Cryptocurrency Bill Pay ... - PYMNTS.com

  08-08-2023 17:57
  
  BitPay and Method Financial Partner on Cryptocurrency Bill Pay ...  PYMNTS.com
  
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• Circle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'

  08-08-2023 17:55
  
  Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year.
  
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• Brevan Howard Backs Crypto Infrastructure Startup Puffer in $5.5M Round

  08-08-2023 17:52
  
  The seed round for the liquid staking startup was co-led by Lemniscap and Lightspeed Faction.
  
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• Stevens Point Police warn of recent increase in scams involving cryptocurrency ATMs - WSAW

  08-08-2023 17:43
  Stevens Point Police warn of recent increase in scams involving cryptocurrency ATMs  WSAW
  
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• Coinbase begins $150M debt buyback at 36% discount

  08-08-2023 17:26 via cointelegraph.com
  
  The cryptocurrency exchange's 2031 Senior Notes, which have a coupon rate of 3.625%, have $1 billion in outstanding principal.
  
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• IRS Rules That Cryptocurrency Staking Rewards are Taxable - JD Supra

  08-08-2023 17:23
  
  IRS Rules That Cryptocurrency Staking Rewards are Taxable  JD Supra
  
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• Bitcoin Miners Show Accumulation Again, Bullish Sign?

  08-08-2023 17:00 via newsbtc.com
  
  On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price.
  Bitcoin Miner Reserve Has Been Trending Up Recently
  As pointed out by an analyst in a CryptoQuant post, BTC miners have been accumulating during the past 48 days. The indicator of interest here is the “miner reserve,” which measures the total amount of Bitcoin that all miners are holding in their wallets right now.
  Related Reading: These Bitco
  
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• 10 obstacles to cross-chain interoperability (and how they can be overcome)

  08-08-2023 17:00 via cointelegraph.com
  
  Cross-chain operability may only be achieved when there’s not only a way, but a will to move forward.
  
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• Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD

  08-08-2023 16:51
  
  Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.
  
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• Free Bitcoin on Zaps experiment — but what are Zaps?

  08-08-2023 16:48 via cointelegraph.com
  
  Why a Canadian Bitcoin advocate is giving out free Bitcoin tips, or Zaps, to people around the globe–and why the Zap trend is catching on.
  
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• Binance receives licenses to offer crypto services in El Salvador

  08-08-2023 16:31 via cointelegraph.com
  
  The exchange reported receiving approval for Bitcoin Services Provider and Digital Assets Services Provider licenses in El Salvador, where Bitcoin has been legal tender since 2021.
  
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• Obligatory license for stablecoins? What do the latest FSB guidelines mean

  08-08-2023 16:30 via cointelegraph.com
  
  FSB starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions.
  
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