FTX Bankruptcy Lawyers Ask Court for $323M Recovery From FTX Europe Leadership
Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership.
Posts published on July 12, 2023 go to media archive 1/4
Dapper Labs Lays Off 51 as NFT Market Stays Chilly
Dapper Labs made prior cuts in February and November.
If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers
The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience.
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the…
Ethereum Price Topside Bias Vulnerable If ETH Drops Below $1,825
Ethereum price failed again to clear the $1,900 resistance against the US Dollar. ETH is declining and might revisit the $1,825 support zone. Ethereum topped near the $1,900 resistance and declined. The price is trading below $1,880 and the…
Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI
Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs.
BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain
BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security.
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the
Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.
First Mover Asia: Bitcoin Holds Steady Over $30K as Inflation Data, Macro Issues Leave Investors Increasingly Unmoved
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Bitcoin Price Fails To Follow Gold After US CPI, More Losses Ahead?
Bitcoin price failed to gain bullish momentum after the US CPI release. BTC is trading below $30,500 and there is a risk of a drop toward $29,850. Bitcoin failed to clear the $30,850 resistance and reacted to the downside. The price is trading…
Bitcoin ETF would be the 'seal of approval' from SEC: Mike Novogratz
The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months…
Binance Labs Invests $15M in Web3 Gaming Startup Xterio
The capital will help Xterio add more games and artificial intelligence integrations to its platform.
IRS probes crypto traders using Puerto Rico tax breaks: Report
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.
Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are de-dollarizing…
Litecoin Becomes 10th-Largest Cryptocurrency, But Is There Still Room To Run?
Litecoin has seen one of the most impressive runs of any cryptocurrency over the last couple of weeks and this run has propelled the altcoin’s standing in the industry. After rallying more than 30% over a period of three weeks, the digital asset is…
What to expect from the first Coinbase-SEC hearing
As the first hearing since the SEC lawsuit on June 6, the conference is expected to be "procedural and administrative," though it may also give a sense of the litigation's tone.
Chainlink Price Stalls At Key Support Level, Have The Bears Taken Over?
Over the past week, the Chainlink price has been hovering around its local support level, as altcoins have displayed similar indecisiveness in response to broader market sentiment. However, in the last 24 hours, Bitcoin and LINK experienced slight…
Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in ‘Force-Investment’ Hack
US senators reintroduce crypto bill aimed at comprehensive regulation
The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and bankruptcies.
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
'AI helps traders utilize more intuitive strategies,' says exchange
Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.
Fund Manager Vanguard Increases Stake In Bitcoin Mining Stocks To $600 Million
Bitcoin mining is a topic that keeps popping up recently on the news concerning the crypto industry. And Vanguard, one of the world’s largest investment firms, has joined in on the action, as it has increased its stake in Bitcoin mining stocks to…
What Is The Lightning HTTP 402 Protocol, And Why Is It Important?
Lightning HTTP 402 Protocol, also known as L402, is a way to charge for services and authenticate users in distributed networks. It combines two powerful tools — Macaroons, and of course, the Lightning Network.Macaroons are special tokens used for…
BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price
Persistent regulatory actions and concerning derivatives data are likely the main factors behind BNB’s bearish price action.
US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a…
Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance
Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and…
Google Play Store officially allows NFT games, but not gambling ones
The store’s team said games can offer NFTs for sale or to earn, but developers must declare this feature in their game's descriptions and must not allow gambling.