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Biggest Crypto Gainers Today on DEXTools – Rock, Flash, SS
1.8.2023
Blue chip cryptocurrencies like bitcoin (BTC) and ether (ETH) are ebbing lower on the first day of August, with both hitting fresh one-and-a-half month lows under $29,000 and in the low $1,800s respectively.
Market commentators are citing jitters over the hack of one of Decentralized Finance...
DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum
1.8.2023
Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model
Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M
1.8.2023
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: Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto...
Ukraine Mandates Digital Asset Firms To Disclose Financials As Wider Regulation Looms
1.8.2023
The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures.
The bank demanded at least four virtual asset firms including Kuna, CoinPay, Geo Pay, and Qmall to provide financial documents alongside...
Ripple Ruling Rebuke Complicates Coinbase’s Defense Against the SEC: Berenberg
1.8.2023
U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted
Margot Robbie Mocks Bitcoin, Labeling It a 'Ken' Affair, as Mattel Explores NFTs
1.8.2023
In a recent interview with Fandango, Margot Robbie, the lead star of this summer's blockbuster sensation "Barbie," mocked the world of cryptocurrency, particularly Bitcoin.
Australian-born Hollywood star Robbie revealed that while preparing for the movie alongside director Greta Gerwig, the...
An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
1.8.2023
As a part of an ongoing partnership with the Williams Racing team, crypto exchange Kraken will allow fans to submit and vote for NFTs that will be displayed on cars during the U.S. Grand Prix in October
US Congress reviews crypto bill, will regulatory clarity boost DeFi & pump QUBE to the moon?
1.8.2023
As the US Congress turns its attention to the regulation of cryptocurrencies, stakeholders across the globe are watching closely. The introduction of clear legal guidelines could drastically shift the landscape of this dynamic sector. Amidst this anticipation, one project is capturing the attention...
Base Blockchain Attracts $68 Million in Ether Ahead of Official Launch
1.8.2023
Coinbase-backed layer-2 blockchain Base has attracted millions in Ethereum (ETH) ahead of its official launch.
Over the weekend, Base witnessed more than $200 million in trading volumes and more transactions than established networks like Arbitrum.
Despite not being open to the public...
Ether Options Market Shows Bias for Price Weakness Over Next 6 Months
1.8.2023
Ether's price appears overvalued compared to Ethereum's dwindling revenues, one analyst said
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: IRS
1.8.2023
The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income.
Per the Revenue Ruling of 2023-14, issued Monday by the IRS, crypto investors must report rewards earned from staking digital assets as gross income, in...
Gravita Protocol announces integration with LayerZero Labs
1.8.2023
Gravita Protocol has announced that it has integrated with LayerZero Labs. The purpose of the integration, as stated by Gravita Protocol in the announcement, is to launch the token, $GRAI. It will be launched as an OFT, which stands for omnichannel NFT – non-fungible token. With...
Tether's Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits
1.8.2023
Stablecoin issuer Tether’s consolidated reserves report for the second quarter of 2023 shows that the company has around $3.3 billion in excess reserves, while profits increased 30% from last quarter to over $1 billion.
The report, which was attested by accounting firm BDO, noted that the excess...
First Mover Americas: Bitcoin Starts August in the Red After Losing Ground in July
1.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Yuga Labs takes over Roar Studios
1.8.2023
Yuga Labs came out with its official announcement that it has gone ahead and acquired Roar Studios. The company is into gaming as well as social media and the metaverse. For this, it utilizes AI and high-level technology. Roar studios are known to have developed ROAR, which is an all-inclusive...
Tradecurve’s price to soar 40%, BitDAO & Compound are up 20%
1.8.2023
In recent news, two prominent DeFi projects, BitDao (BIT) and Compound (COMP), have recorded a 20% price jump in the past week. However, investors are skeptical if the price surge will continue. Meanwhile, another DeFi platform, Tradecurve (TCRV), is also making waves. Market experts have predicted...
Clearpool spreads out to Polygon zkEVM
1.8.2023
Clearpool, which is a decentralized lending marketplace, has spread out to Polygon zkEVM. This occurrence has taken place to provide users the opportunity of carrying out swift transactions, as well as heighten funding diversity and better capital effectiveness. Incidentally, Polygon zkEVM is...
Bavaria’s Data Protection Office Launches Probe Into Worldcoin’s Iris-Scanning Data Practices
1.8.2023
Bavaria’s State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday. This comes shortly after similar investigations by Kenya’s Office of the Data Protection...
Florida Governor Ron DeSantis Vows to Put an End to 'Biden's War on Bitcoin' as President
1.8.2023
Republican presidential candidate and Florida Governor Ron DeSantis has once again proved his support for Bitcoin, taking an oath that he would end the Biden-led administration’s “war on Bitcoin and cryptocurrency” when elected President.
“Biden's war on bitcoin and cryptocurrency will come to...
Tron Founder Justin Sun Alleviates Curve Finance’s Looming Bad Debt Situation
1.8.2023
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan