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Biggest Movers: DOGE, AVAX Fall to 1-Month Lows on Saturday
27.8.2022
Dogecoin fell to a one-month low to start the weekend, as a red wave swept through cryptocurrency markets. Avalanche also dropped to a four-week low on Saturday, as the token hit a key support point. As of writing, the global crypto market cap is trading 5.46% lower. Dogecoin (DOGE) Dogecoin (DOGE)...
CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating'
27.8.2022
Twice in the Twitter thread, CoinSwitch Kuber CEO Ashish Singhal sought to clarify that the "engagement with the ED" is not about money laundering. CoinDesk has reported the searches have been in connection with India's Foreign Exchange Management Act (FEMA)
US stocks lose $1.25T in a day — more than entire crypto market cap
27.8.2022
Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy
Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme
27.8.2022
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised...
Ethereum's Confirmations, Not-Really Comebacks, Losing Attackers and 20 Crypto Jokes
27.8.2022
The bear market must go on. This week we learned that bitcoin miners sold 660% more bitcoin in Q2 compared with Q1, while decentralized finance broad total value locked experienced a decline. Ethereum will be 55% complete post-merge, according to Vitalik Buterin, while the first stage of the...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...
Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils
27.8.2022
Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules,...
Hetzner anti-crypto policies: A wake-up call for Ethereum’s future
27.8.2022
The terms of services, laid down by Ethereum's second-biggest host Hetzner, prohibits customers from running nodes, mining and farming, plotting, storage of blockchain data and trading
Indian Crypto Market Is Growing: Report Shows the Country Has 115 Million Crypto Investors
27.8.2022
A new report shows that India has roughly 115 million crypto investors, and the country’s crypto economy is growing despite the recent market downturn, with more than half of the crypto investors surveyed planning to increase their crypto investments in the coming six months. Indian Crypto...
Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement
27.8.2022
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and...
Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators
26.8.2022
Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes...
US Crypto ATM Provider Bitcoin Depot to Go Public as Part of Merger Deal
26.8.2022
Major US crypto ATM provider Bitcoin Depot has signed a deal with GSR II Meteora Acquisition Corp, paving the way for the two companies’ merger and listing on the NASDAQ exchange.
Per the press release,...
Read More: US Crypto ATM Provider Bitcoin Depot to Go Public as Part of Merger Deal
Ethereum Could Get Kicked Off Cloud Host That Powers 10% of Crypto Network
26.8.2022
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
26.8.2022
Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway
Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards
26.8.2022
While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin’s hashrate has jumped significantly in recent times and block intervals have sped up a great deal....
Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News
26.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires...
AMC and Wall Street Are Learning All the Wrong Lessons From Crypto
26.8.2022
From APE to BBBY, meme stocks are here to stay. That may not be great
In Defense of Crypto Speculation
26.8.2022
In crypto, the speculative furor is even more intense because of the degree of potential disruption and because the barriers to achieving that disruption are so high that the cycles of hope and disappointment are more extreme
Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
26.8.2022
Cardano rose to a one-week high earlier in today’s session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower. Cardano...
178 South Korean Darkweb Users Arrested on Suspicion of Crypto-powered Drug Trading
26.8.2022
Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment.
According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that...