The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."
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Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
The United States Labor market added 528,000 jobs in July, much better than the 258,000 estimate. Wages saw growth of 5.2% year-over-year and 0.5% over the month. This suggests that inflation remains high and the U.S. Federal Reserve may continue with its rate hikes in the near future.
After staying in close correlation with the U.S. equities markets for the past several months, the crypto space could be ready to chalk out a new course.
Bloomberg Intelligence senior commodity strategist Mike McGlone and senior market structure analyst Jamie Coutts said in a recent report that Bitcoin (BTC) has started base building similar to the one seen near $5,000 in 2018–2019. They expect the recovery to decouple from stocks and behave more like U.S. "Treasury bonds or gold.”
Daily cryptocurrency market performance. Source: Coin360Although crypto prices have plunged sharply during the ongoing bear market, it has not dented investors’ appetite. A report by crypto analytics firm Messari and Dove Metrics showed that the crypto space raised $30.3 billion in funds in 2022, surpassing the total amount raised in 2021.
Could Bitcoin continue its recovery or will bears pose a strong challenge at higher levels? Let’s study the charts of the top-10 cryptocurrencies to find out.
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
Nonfungible tokens don't live on the blockchain, experts say
Jonathan Victor noted that storing data off-chain doesn't mean it's centralized. It's still decentralized when it's done thoughtfully.
US lawmakers request crypto firms provide info on diversity and inclusion
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter.
Antminer S19 XP dropped in a bid to swing crypto miners back into profit
Phil Harvey said that this type of miner can typically last a minimum of 36 months in a facility operated by their crypto firm Sabre56.
Antminer S19 XP dropped in a bid to swing crypto miners back into profit
Phil Harvey said that this type of miner can typically last a minimum of 36 months in a facility operated by their crypto firm Sabre56.
Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
BTC price action stays in familiar territory as analysts discuss the true nature of estimate-beating payroll data.
Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Collapsing real wages" poke fun at payroll print
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday trading range.
Wall Street opened with a whimper despite U.S. payrolls for July coming in at twice estimated levels. The curious reaction had some analysts arguing that the numbers did not in fact show economic strength, but rather existing workers taking on second jobs due to inflation.
“The gain of 528K jobs in July as the labor force participation rate fell to 62.1, means that most of the new jobs went to people who already had jobs,” gold bug Peter Schiff responded.
“Collapsing real wages force many workers to moonlight to pay the bills. If the labor market were strong one job would be enough.”
Coinbase hit with 2 fresh lawsuits amid SEC probe
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period.
Binance Card users now have access to XRP, SHIB and AVAX
Binance announced on Friday that its Binance Card now supports three new altcoins. Card users now have the possibility to access their holdings of Ripple (XRP), Shiba Inu (SHIB) and Avalanche (AVAX).
The Binance Card allows its holders to “convert and spend cryptocurrencies in over 60 million online and physical stores.” However, the card is only available to European citizens and, according to the website, Ukrainian refugees. Prior to the escalation of the conflict in Ukraine, Binance had intentions of expanding its card reach into Ukraine by sometime this year.
With the latest addition, the card now supports 14 cryptocurrencies, including Cardano (ADA), AVAX, Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Ethereum (ETH), S.S. Lazio Fan Token (LAZIO), FC Porto Fan Token (PORTO), Santos FC Fan Token (SANTOS), SHIB, Swipe (SXP), Tether (USDT) and XRP.
New additions to the supported crypto do not change the current payment preferences for those already using the Binance Card.
Related: Binance US will delist AMP following SEC claim token is a security
Binance Card users now have access to XRP, SHIB and AVAX
Binance Card owners now have access to 14 supported cryptocurrencies, including XRP, AVAX and SHIB, among others.
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
Experts find private keys on Slope servers, still puzzled over access
Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets.
Investigations are ongoing after attackers managed to steal some $5 million worth of SOL and SPL tokens on Aug. 3. Ecosystem participants and security firms are assisting in uncovering the intricacies of the event.
Solana has worked closely with Phantom and Slope.Finance, the two SOL wallet providers that had user accounts affected by the exploits. It has since emerged that some of the private keys that were compromised were directly tied to Slope.
Blockchain audit and security firms Otter Security and SlowMist assisted in ongoing investigations and unpacked their findings in direct correspondence with Cointelegraph.
Otter Security founder Robert Chen shared insights from first-hand access to affected resources in collaboration with Solana and Slope. Chen confirmed that a subset of affected wallets had private keys which were present on Slope's Sentry logging servers in plaintext:
Experts find private keys on Slope servers, still puzzled over access
Blockchain analysis firms involved in Solana exploit investigation unpack the latest developments as teams try to figure out how private keys were stolen.
The Bank of Thailand to pilot Retail CBDC by the end of 2022
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.
Nomad announces $190 million bounty for lost funds from recent hack
Nomad announced that it’s offering up to a 10% bounty to return funds stolen from the recent hack on the Nomad bridge on Aug. 2.
Alexander Vinnik reportedly en route to the US after extradition
Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California.
Alexander Vinnik reportedly en route to the US after extradition
Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California.