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Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs
16.8.2024
In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from...
Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports
16.8.2024
Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported
First Mover Americas: Crypto Trades Little Changed Following Thursday's Slide
16.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool
16.8.2024
Flexa Components will allow retailers to accept crypto payments like USDC at the point of sale
Bitdeer to expand operations with $150M convertible notes offering
16.8.2024
Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering.
Daily Crypto Update: Market fluctuates, while BTC gains stability
16.8.2024
The week is not ending on a positive note for the crypto market. The industry shows signs of…
IMF Proposes 85% Tax Hike on Crypto Miners & AI Data Centers
16.8.2024
The International Monetary Fund (IMF) has proposed a tax increase on crypto mining and artificial intelligence (AI) data…
Bitcoin Spot ETFs net $11M inflow, despite GBTC loss
16.8.2024
Despite significant outflows from the Grayscale Bitcoin Trust, the overall spot Bitcoin ETF market saw positive inflows
21 North Korea crypto devs make $500K: Crypto Investigator ZachXBT
16.8.2024
Crypto investigator ZachXBT tweeted evidence of a network of 21 North Korea crypto developers that make $500K a…
Dubai court recognizes crypto as a valid salary payment
16.8.2024
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions
Bank of Ghana unveils draft rules for cryptocurrency exchanges
16.8.2024
The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
16.8.2024
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over...
Meta denies claim more than half of Facebook crypto ads are scams
16.8.2024
Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable
Donald Trump raked in over $7M from NFTs, new disclosure shows
16.8.2024
Former president Donald Trump disclosed that he owns up to $5 million in crypto and has earned over $7 million from his three NFT collections
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
16.8.2024
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools...
What's Next in SEC v. Ripple?
16.8.2024
While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited
ZachXBT claims 21 North Korea crypto devs are making $500K a month
16.8.2024
Onchain sleuth ZachXBT claims to have found a network of North Korean developers who have been working on dozens of crypto projects
IMF execs float raising crypto mining electricity prices by 85%
16.8.2024
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
16.8.2024
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial...
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
16.8.2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’...