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Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash’s SLP
18.8.2023
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community interest in these...
Single Trader Lost $55M on Ether Long Yesterday
18.8.2023
That was nearly 30% of all liquidated futures on Binance, the data shows
Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk
18.8.2023
Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
18.8.2023
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both fundraising and lending in local currencies. Development...
ElmonX Releases Rare Digital Collectables From The Charles Salvador ‘Bronson’ NFT Collection
18.8.2023
PRESS RELEASE. London, United Kingdom, August 18th, 2023, ElmonX proudly presents the Charles Salvador ‘Bronson’ NFT Collection. This exclusive edition release captures the raw and intense art of Charles Salvador, previously known as Charles Bronson, and represents a unique...
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
18.8.2023
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings
No, SpaceX Isn't the Cause of This Multi-Billion Dollar Bitcoin Bloodbath
18.8.2023
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
18.8.2023
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against the raging devaluation registered after...
BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots
18.8.2023
Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes...
Valkyrie Files for Ethereum ETF With US Securities Regulator
18.8.2023
U.S.-based asset manager Valkyrie is requesting regulatory approval from the U.S. Securities and Exchange Commission (SEC) for an ether futures exchange-traded fund (ETF). The move follows the acceptance by the SEC of Valkyrie’s application for a spot bitcoin ETF last month. Asset Manager...
Judge Grants SEC’s Request to Seek Interlocutory Appeal in Ripple Case Over XRP
18.8.2023
District Judge Analisa Torres has granted the request by the U.S. Securities and Exchange Commission (SEC) seeking to file an interlocutory appeal in the Ripple case over XRP. Judge Torres’ approval came one day after Ripple Labs filed its objection to the SEC’s request. Judge...
Bitcoin Dips Below $26K in Crypto Market Whirlwind; $1 Billion Liquidated Amid Top Coins’ Tumble
18.8.2023
Bitcoin’s value briefly slipped below the $26K threshold at 5:50 p.m. Eastern Time on Thursday before swiftly rebounding past the $26,000 benchmark. Concurrently, the expansive crypto landscape experienced an 8% tumble against the U.S. dollar, teetering dangerously close to dropping below...
Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether
18.8.2023
Crypto markets cratered late Thursday with bitcoin (BTC) dropping as low as $25,000 on the crypto exchange Binance
Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports
18.8.2023
They would join bitcoin futures ETFs that are already approved
Canaan to Debut ‘Groundbreaking’ Bitcoin Mining Product at 10th-Anniversary Singapore Event
18.8.2023
Shortly after Bitmain announced its intention to launch a new bitcoin mining rig at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this September, Canaan, another mining machine giant, hinted at introducing a “groundbreaking” product poised to elevate the BTC mining sphere....
Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority
17.8.2023
A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
17.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
17.8.2023
The exchange expanded its services in Canada earlier this week