According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret.
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BTC price jumps to 2-week highs on Grayscale vs. SEC Bitcoin ETF win
BTC price volatility returns as good news over the GBTC conversion to a spot Bitcoin ETF sends markets rallying.
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.
Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor
Bitcoin chart signals are pointing to an incoming macro bottom level, according to a BTC price metric with a flawless history.
PEPE price to zero? Rug-pull allegations put memecoin at risk
Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months.
Pepecoin faces rug pull allegations
On Aug. 24, several rogue Pepecoin developers changed the number of signatures required to move tokens from their multi-sig wallet from five-out-of-eight to two-out-of-eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting that they wanted to sell.
A segment of market analysts viewed these mov as a hint of an impending "rug pull," raising fears that the PEPE price may crash to zero in 2023.
Previous "rug pulls" such as MULTI, the native token of Multichain's cross-chain bridging protocol, has dropped nearly 98% from its peak. The decline has appeared partially due to allegations that Multichain's $125 million hack in July 2023 was part of a broader rug-pull scam.
Similarly, in July 2023, a crypto developer associated with the Encryption AI project committed a $2 million rug-pull fraud. As a result, the Encryption AI token, 0XENCRYPT, crashed 99% to an all-time low of $0.02.
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS.
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS.
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining firm Canaan posts second quarter financials, with Bitcoin mining revenue up 43% from Q1 2023, though net loss also rose 31% to $110 million.
Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer
Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm.
Argo Blockchain cuts 2022 debt by half, down to $75M
Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023.
dYdX to unlock 6.52M tokens worth $14M for community treasury, rewards
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Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers.
On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs.
Upcoming dYdX unlock event. Source: token.unlocks.appThe remaining 4.03 DYDX tokens will be split between liquidity provider rewards (1.15 million tokens worth $2.47 million) and trading rewards (2.88 million tokens worth $6.18 million).
How to host an event in the metaverse
From pre-event planning to virtual execution, discover the steps to create an immersive and engaging digital experience that captivates the audience.
DCG agrees deal with Genesis that would see recoveries of up to 90%
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out.
DCG agrees deal with Genesis that would see recoveries of up to 90%
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out.
Shibarium wallets surpass 100K after SHIB devs relaunch bridge
Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28.
Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post.
At the time, Kusama noted that Shibarium tallied 65,000 wallets across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io.
Shibarium’s block explorer shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds.
The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.ioIn a statement, Kusama said the relaunch proved that funds are, and always were safe.
Solana-based Clockwork to shutter citing ‘limited commercial upside’
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital.
Friend.tech threatens to punish users if they use copycat apps
Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited.
Crypto bull run: Traders share their plans for the ‘tornado’ to come
With as much as 130 million people introduced to cryptocurrencies since the end of 2021, millions of investors could soon be looking at their first crypto bull run, with some suggesting it could come as early as 2024.
However, unlike the current bear market, a bull market is “unlike anything else you've ever experienced” according to Ben Simpson, founder of education platform Collective Shift.
“It's complete and utter chaos. It's just a tornado.”
In August, Cointelegraph spoke to hedge fund managers, heads of research at digital asset companies, and other crypto traders to understand how they’re preparing for the upcoming bull market and some of the learnings they could pass onto newcomers.
Get in, get out
Simpson said one of the biggest mistakes that new crypto traders make is holding onto their crypto bags too long — most often caused by getting caught up in the euphoria that they could make more.