Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks. However, after the knee-jerk reaction, the markets may settle down. The cryptocurrency
Greg Oakford, co-founder of NFT Fest Australia, is your guide to the world of NFTs from a collector’s and fan’s perspective. With Sound’s recent $20 million raise, music collectibles have reignited a spark in my mind. While music really hasn’t had its moment in the sun, as has the art market and the PFP mania
The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it. Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of Worldcoin until relevant public agencies had certified the absence
Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation. The WSJ report says its reporters, along with current and former employees of Binance, viewed “internal figures” that revealed users traded $90 billion in cryptocurrency-related assets
Bitcoin (BTC) spiked above $30,000 on Aug. 2 as a tour of its trading range saw BTC price volatility return. BTC/USD 1-hour chart. Source: TradingView Bitcoin comes full circle after trip to $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as buyers staged a brief rally through key resistance. Local highs of $30,025
Six major asset managers, including Grayscale and VanEck, have filed fresh applications in a bid to launch Ether (ETH) futures exchange-traded funds (ETF) to United States customers. Separate filings submitted to the U.S. Securities and Exchange Commission reviewed by Cointelegraph outline respective applications from the likes of Grayscale, VanEck, Bitwise, Volatility Shares, ProShares and Round Hill Capital.
According to one insider, Chinese police are after Web3 co-founders, not to serve and protect, but for their wallets. In a recent blog post, Wuwei Liang, the brother of imprisoned CoinXP co-founder Liang Liang, warned that under no circumstances should executives hand over their private keys when detained by Chinese police. Responding to news of
Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him. In an Aug. 1 letter to Judge Lewis Kaplan, Bankman-Fried’s lawyers claimed the prosecution’s attempt to revoke his bail and have him detained
United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered into a sales agreement with three companies —
A scammer using zero transfer phishing attack managed to steal $20 million worth of Tether (USDT) on Aug. 1 before getting blacklisted by the stablecoin’s issuer Tether. According to an update from on-chain analytic firm PeckShield, A zero transfer scammer grabbed 20 million USDT from the victim address 0x4071…9Cbc. The intended address that the victim
On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. On the next day, the decline in CRV continued to
High-powered attorney Douglas Samuel Zolkind has officially filed a motion to intervene in the SEC’s lawsuit against Ripple Labs. As Ripple Labs continues in its legal battle against the SEC, the New York-based attorney has indicated his intention to appear on behalf of the blockchain payments company. The Persistent Legal Tussle Between Ripple And The
A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC). In a July 31 filing in U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey
Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the U.S. state of South Carolina. The facilities came online in February and March. The facilities are located in the western part of the state, with the first opening in the town of Anderson on the
Decentralized finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol, Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality. The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the
Crypto Twitter has been abuzz with debate after a new conspiracy theory has suggested FTX founder Sam Bankman-Fried may be secretly behind one of the most controversial new memecoins on Base. The BALD memecoin, which draws its namesake from a humorous reference to Coinbase CEO Brian Armstrong, was launched on July 30 and witnessed an
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