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Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells
13.8.2023
On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting a 6.17% rise in just a day. Defi Resurgence:...
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...
Best Crypto to Buy Now 11 August – Fantom, Rocket Pool, Sui
11.8.2023
The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest's proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms.
The SEC announced on Friday its move to solicit...
FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail
11.8.2023
FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried’s legal...
Best Crypto to Buy Now 10 August – Aptos, Rocket Pool, Maker
11.8.2023
U.S. inflation metrics saw a notable rise recently, with the Consumer Price Index (CPI) experiencing a 3.2% increase over the past year leading up to July.
Despite the financial development indicated by this data released by the Bureau of Labor Statistics (BLS) on Thursday, the performance...
Bitcoin Network Adjusts: Mining Difficulty Rises 0.12% to 52.39 Trillion
10.8.2023
Bitcoin miners saw a slight increase in mining difficulty on August 9, 2023, at block height 802,368, as the difficulty rose 0.12% from 52.32 trillion to 52.39 trillion. Over the last 2,016 blocks, miners recorded an average hashrate of about 376.5 exahash per second (EH/s). Miners Experience...
Best Crypto to Buy Now 9 August – Rollbit Coin, Toncoin, Hedera
9.8.2023
The United States Federal Reserve announced on Tuesday an enhanced oversight program concerning lenders' interactions with cryptocurrencies.
This decision follows a string of measures from U.S. regulators designed to curtail banks’ direct involvement in cryptocurrencies.
In light of this...
PS Plus Titles For August Include Destiny 2’s Best Campaign Ever
9.8.2023
Gather ‘round, gamers—more specifically PlayStation Plus subscribers—because a new lineup of games is coming to you this August and unlike last month’s horror-themed offerings, this month’s helpings feature a tonal variety of games, including a turned-based role-playing game hitting the service...
Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers
9.8.2023
Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets....
Bitcoin hits $30.2K August high amid warning longs 'chasing' BTC price
9.8.2023
Bitcoin traders ramp up bullish prognoses as BTC price faces down key resistance — can bulls stay the course?
Best Crypto to Buy Now 8 August – Hedera, MultiversX, Algorand
8.8.2023
The Securities and Exchange Commission (SEC) is anticipated to give the green light to spot Bitcoin ETF applications from financial giants BlackRock and Invesco.
According to Mike Novogratz, CEO of Galaxy Digital, the approval could occur within a four to six-month window.
Considering this...
Best Crypto to Buy Now 7 August – XDC Network, Kaspa, Algorand
7.8.2023
PayPal, the global payments giant, continued its journey into the cryptocurrency space with the launch of its own stablecoin today, PayPal USD (PYUSD).
This development marks a significant stride since PayPal's initial foray into the cryptocurrency industry in late 2020.
Given this development...
Hydro Expansion: Bitfarms Begins 50 MW Bitcoin Mining Farm Buildout in Paraguay
7.8.2023
Bitfarms Ltd. has started development on a new 50-megawatt (MW) Bitcoin mining facility in Paraguay, the company announced on August 7, 2023. The farm will be located in Paso Pe near Bitfarms’ existing mining operations in Villarrica and is expected to be fully operational in the first...
Crypto Exchange Listing and Delisting Announcements: August 7, 2023
7.8.2023
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
The Week In Games: What’s Releasing Beyond WrestleQuest
7.8.2023
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Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...
USM Metaverse gears up for exciting August innovations
7.8.2023
USM, the largest metaverse constructed on the BNBChain, is excited to present a number of ground-breaking innovations in August. This represents a significant advancement in USM’s mission to transform the digital sphere and is set to unleash a new wave of imaginative potential and immersive...
LK-99 and Cracking Bitcoin: A Quantum Leap in Optimism or Threat? Community Debates Potential Impact
6.8.2023
In recent times, attention has gravitated towards a novel substance known as LK-99, celebrated as a potential wonder superconductor with the capability to usher in an era of lossless power transmission, more potent computers, and stronger magnets. Yet, as scientists have been laboring to replicate...
Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign
6.8.2023
On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV broadcast. 2024 Presidential Candidate Francis Suarez...