Cryptocurrency news

• Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

  01-08-2024 23:37 via cointelegraph.com
  Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period.
  
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• North Carolina lower chamber overturns governor’s veto of CBDC ban

  01-08-2024 23:32 via cointelegraph.com
  The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto.
  
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• Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates

  01-08-2024 23:16
  
  The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.
  
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• Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

  01-08-2024 23:15 via cointelegraph.com
  This is the first time Google’s taken the top slot on the Chatbot Arena leaderboard.
  
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• FBI Issues New Warning If You Buy Cryptocurrency From An Exchange - Forbes

  01-08-2024 22:58 via news.google.com
  FBI Issues New Warning If You Buy Cryptocurrency From An Exchange  Forbes
  
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• Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume

  01-08-2024 22:45
  
  Coinbase (COIN) reported second-quarter earnings on Thursday.
  
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• Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs

  01-08-2024 22:45 via cointelegraph.com
  Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level.
  
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• New Bitcoin Act Legislation Aims to Establish US Cryptocurrency Stockpile - CryptoPotato

  01-08-2024 22:35 via news.google.com
  New Bitcoin Act Legislation Aims to Establish US Cryptocurrency Stockpile  CryptoPotato
  
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• BlackRock's tokenized BUIDL fund has paid $7M in dividends since March

  01-08-2024 22:30 via cointelegraph.com
  According to researcher Tom Wan, tokenized United States Treasury funds could see $3 billion in capital investment by the end of 2024.
  
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• Bitcoin’s Price Potential: Analyst Maps Path To $700,000 And Beyond

  01-08-2024 22:30 via newsbtc.com
  
  Bitcoin has been on a rollercoaster ride ever since it reached its all-time high (ATH) of $73,737 back in March. However, regardless of that, several analysts and traders in the crypto community remain persistent in their bullish outlook for the asset. An example is Willy Woo, a well-known figure in the crypto sector. Earlier today, Woo shared his optimistic view on Bitcoin and insights on how high BTC’s price could potentially climb to hit this anticipated high mark.
  Bitcoin Road To $700,
  
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• MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500

  01-08-2024 22:27
  
  MicroStrategy reported second-quarter earnings on Thursday.
  
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• VC Roundup: Investments in Web3 startups top $1B in July

  01-08-2024 22:14 via cointelegraph.com
  This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink.
  
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• Bitcoin miner CleanSpark expands with first site acquisition in Wyoming

  01-08-2024 21:45 via coinjournal.net
  
  CleanSpark said in a press release on Thursday that it has acquired its first Bitcoin mining site in Wyoming.
  The company executed 75 megawatts of power contracts, with 30 MW for the first site expected online by end of 2024. 
  A second site will bring the next 45 MW to CleanSpark’s Wyoming hashrate.
  CleanSpark has announced that it executed 75 megawatts of power contracts and added to its growing capacity with the acquisition of a new 30 megawatts Bitcoin mining site in Cheyenne, Wyo
  
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• $95K or $120K? Bitcoin traders diverge on the next BTC price top

  01-08-2024 21:45 via cointelegraph.com
  Bitcoin could reach a macro price top of above $100,000, but can BTC stage a weekly close above $71,500 to confirm a breakout?
  
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• $95K or $120K? Bitcoin traders diverge on next BTC price top

  01-08-2024 21:45 via cointelegraph.com
  Bitcoin could reach a macro price top of above $100,000, but can BTC stage a weekly close above $71,500 to confirm a breakout?
  
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• DeFi Protocol Convergence hit by major hack, CVG token collapses

  01-08-2024 21:36 via coinjournal.net
  
  Decentralized governance hedge fund platform Convergence exploited.
  58M CVG tokens minted and swapped.
  CVG token value plunged 99% from $0.12 to $0.0004 following the hack.On Thursday, the decentralized finance (DeFi) protocol Convergence experienced a severe breach, resulting in a dramatic collapse of its CVG token.
  The exploit involved the creation of 58 million CVG tokens, which were then exchanged for approximately $200,000 worth of wrapped Ether (wETH) and crvFRAX stablecoin.
  Hacker exploi
  
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• Galaxy Digital stock pullback a buying opportunity — Analyst

  01-08-2024 21:35 via cointelegraph.com
  Shares are a bargain after second-quarter earnings sent the stock down roughly 16%, says Benchmark analyst Mark Palmer.
  
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• Elon Musk accepts challenge to fight president of Venezuela

  01-08-2024 21:31 via cointelegraph.com
  After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.
  
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• Protocol Village: Injective Starts 'Altaris' Upgrade, Switchboard Releases 'Oracle Aggregator'

  01-08-2024 21:06
  
  The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.
  
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• Republican supported by crypto Super PAC loses Arizona primary

  01-08-2024 21:03 via cointelegraph.com
  Defend American Jobs used roughly $600,000 in a media buy for Republican Blake Masters, just one of three Arizona candidates crypto PACs supported in 2024.
  
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• Bitcoin Makes Third Retest Of Historical Support, Analyst Sounds Alarm

  01-08-2024 21:00 via newsbtc.com
  An analyst has warned that support levels weaken the more they are retested and Bitcoin is now doing a third consecutive retest of a major such level.
  Bitcoin Is Again Retesting The Short-Term Holder Realized Price
  As explained by CryptoQuant community manager Maartunn in a new post on X, BTC’s latest drawdown has led to it doing another retest of the short-term holder Realized Price. The “Realized Price” here refers to an indicator that, in short, keeps track of the average co
  
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• Celestia on pace to surpass Ethereum in data storage — Research

  01-08-2024 20:33 via cointelegraph.com
  Celestia has been steadily winning market share in data storage from Ethereum since May.
  
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• Bitcoin falls to $62k as crypto mirrors stocks crash

  01-08-2024 20:22 via coinjournal.net
  
  Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1.
  Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East.Bitcoin price crashed 10% to trade to near $62k on Thursday as August began on a painful footing for cryptocurrencies and stocks.
  On August 1, the global cryptocurrency market cap fell to $2.3 trillion amid an overall 5.7% dump. BTC fell to lows of $62,300 across major crypto exchanges. The d
  
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• 'Cryptocurrency King' To Be Extradited To South Korea Instead Of U.S. - iHeart

  01-08-2024 20:21 via news.google.com
  'Cryptocurrency King' To Be Extradited To South Korea Instead Of U.S.  iHeart
  
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• CleanSpark's mining expansion continues with Wyoming facilities

  01-08-2024 20:17 via cointelegraph.com
  The US miner is now the second-largest by market cap, after flipping Riot Platforms.
  
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• Montenegro Appellate Court upholds Do Kwon extradition to South Korea

  01-08-2024 19:36 via cointelegraph.com
  Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts.
  
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• New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days

  01-08-2024 19:30 via newsbtc.com
  
  A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days.
  Kabosu’s Sister Sparks New Memecoin Wave
  Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-
  
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• EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA

  01-08-2024 19:18
  
  The European Securities and Markets Authority released an opinion report to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.
  
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• US, UK accelerate quantum computing programs after China breakthrough

  01-08-2024 19:10 via cointelegraph.com
  China’s room temperature time crystals could radically affect the timeline for the arrival of useful quantum computers.
  
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• XP.GG Gaming Platform Launches with Universal Battle Pass

  01-08-2024 19:07 via crypto-news.net
  Melbourne, Australia, August 1st, 2024, Chainwire Get Good and Get Rewarded in Fortnite, CS2 and Overwatch  Perion Labs introduces the all-new XP.GG, a gaming platform that lets gamers get rewarded by getting good at their favourite games. XP.GG features a Universal Battle Pass integrated across all XP.GG games. XP.GG will launch August 1 with Fortnite. Counter-Strike 2 and Overwatch competitions will begin late…
  The post XP.GG Gaming Platform
  
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• CUDO to Power the Latest AI Infrastructure Worldwide

  01-08-2024 18:54 via crypto-news.net
  
  London, UK, August 1st, 2024 – Coinscribble by Coinbound / Launched earlier this year, CUDOS Intercloud, a product of CUDO, addresses a crucial gap in the Web3 computing space by providing a scalable and distributed GPU-as-a-Service cloud tailored for DePIN (Decentralised Physical Infrastructure) communities and AI computational tasks, including machine learning and inference. The growth of…
  The post CUDO to Power the Latest AI Infrastructure Worldwide appeared first on Crypto-
  
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• Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up

  01-08-2024 18:54 via cointelegraph.com
  DuelNow is the latest in a string of Web3 gambling venture deals amid surging activity on Polymarket.
  
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• How to become a global citizen, with or without crypto — Nomad Capitalist

  01-08-2024 18:50 via cointelegraph.com
  International migration may spike in the future due to geopolitical instability, financial collapse or changes to the climate.
  
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• Bitcoin's slump deepens as Trump victory odds keep sliding (Cryptocurrency:BTC-USD) - Seeking Alpha

  01-08-2024 18:40 via news.google.com
  Bitcoin's slump deepens as Trump victory odds keep sliding (Cryptocurrency:BTC-USD)  Seeking Alpha
  
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• Celebrities Who Endorse Cryptocurrency - The Market Periodical

  01-08-2024 18:29 via news.google.com
  Celebrities Who Endorse Cryptocurrency  The Market Periodical
  
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• Crypto Exec Pushing for Industry Support of Kamala Harris for President

  01-08-2024 18:27
  
  The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris is signaling a new openness.
  
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• Morpho secures $50M funding led by Ribbit Capital for onchain lending

  01-08-2024 18:22 via cointelegraph.com
  Morpho Labs has raised $50 million from over 40 investors, including Ribbit Capital, which also invests in Revolut, NuBank, Coinbase, Robinhood, Mercado Libre, Figure, and Uniswap.
  
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• Montenegro Court Approves Extradition of Cryptocurrency Mogul Do Kwon to Native South Korea - U.S. News & World Report

  01-08-2024 18:19 via news.google.com
  Montenegro Court Approves Extradition of Cryptocurrency Mogul Do Kwon to Native South Korea  U.S. News & World Report
  
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• Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea - The Associated Press

  01-08-2024 18:19 via news.google.com
  Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea  The Associated Press
  
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• Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea - Lufkin Daily News

  01-08-2024 18:19 via news.google.com
  Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea  Lufkin Daily News
  
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• Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea - Bozeman Daily Chronicle

  01-08-2024 18:19 via news.google.com
  Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea  Bozeman Daily Chronicle
  
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• Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea - Bowling Green Daily News

  01-08-2024 18:19 via news.google.com
  Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea  Bowling Green Daily News
  
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• Montenegro Cryptocurrency - Post Register

  01-08-2024 18:15 via news.google.com
  Montenegro Cryptocurrency  Post Register
  
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• NY authorities announce charges related to ‘sham’ crypto recovery firm

  01-08-2024 18:14 via cointelegraph.com
  The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users.
  
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• Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

  01-08-2024 18:08
  
  Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday.
  
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• Chainlink At Risk: Key Indicators Signal Further Losses To $12

  01-08-2024 18:00 via newsbtc.com
  
  Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market se
  
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• Lynex Promising Future and Growth on the Linea Blockchain

  01-08-2024 17:54 via crypto-news.net
  August 1st, 2024 – Coinscribble by Coinbound – Lynex, a leading liquidity layer and DEX on the Linea blockchain, is emerging as the DEX with the most growth potential among similar protocols, according to the Price-to-Sales (P/S) ratio, which evaluates a project’s value relative to its revenue. Lynex’s Unstoppable Growth on Linea Since its inception,…
  The post Lynex Promising Future and Growth on the Linea Blockchain appeared first on Crypto-News.net.
  
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• Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago

  01-08-2024 17:42
  
  The bullish news continued on Thursday morning, but sellers remained in control of the market.
  
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• How crypto bots are ruining crypto — including auto memecoin rug pulls

  01-08-2024 17:30 via cointelegraph.com
  Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike.
  
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• 5 ways crypto bots are ruining crypto — including auto memecoin rug pulls

  01-08-2024 17:30 via cointelegraph.com
  Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike.
  
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