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Ethereum Developer Péter Szilágyi Critiques Crypto Industry
6.8.2024
Péter Szilágyi, an Ethereum core developer, has released a statement highlighting his current stance on the crypto industry. His…
Wazirx Announces FIR Filing Following Major Cyberattack
6.8.2024
Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part...
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
6.8.2024
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted
Binance Hit With $87 Million Tax Bill in India
6.8.2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned...
Markets blow up, so ‘the best prep is to have a plan to buy fear and sell euphoria’ — Veteran trader
6.8.2024
Pear Protocol founder HUF says “a limited pool of capital constantly rotating between narratives” is a clear sign of “late cycle behavior.”
US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard
6.8.2024
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows...
Japanese firm Metaplanet to invest $58.76M in Bitcoin
6.8.2024
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility
Crypto Bank Anchorage Adds Custody for Solana-Based Tokens
6.8.2024
Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year
Transak becomes first US crypto on-ramp to enable wire transfers
6.8.2024
Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
6.8.2024
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from...
First Mover Americas: Crypto Rebounds From Monday's Chaos
6.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ronin Network exploited for $9.8M in ETH, white hat hacker suspected
6.8.2024
If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain
Ethical hackers share tips on how to protect your crypto
6.8.2024
Ethical hackers said that scammers using a fake site called Meetly.gg have rebranded it into Meeten.gg and are preparing to strike again
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
6.8.2024
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell...
Daily Crypto Update: Bitcoin, Ethereum, and Solana revive after market crash
6.8.2024
The volatility index is now trading above 65, a level seen only twice, once during the 2020 Pandemic…
$510B crypto sell-off wipes 2024 gains for top 50 coins
6.8.2024
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off
Bitcoin trading volume recorded post-halving ATH as crypto market bled
6.8.2024
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
6.8.2024
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite...
Martin Shkreli-led Trump memecoin DJT plummets 95%
6.8.2024
Roger Stone, a close aide to Trump, previously denied any involvement of the former President or his son with the TrumpCoin memecoin
UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded
6.8.2024
The Law Commission's final report urges UK government to reclassify crypto assets, addressing current legal gaps