BTC hodlers outperformed crypto funds by 69% in H1 2023: 21e6 Capital
21e6 Capital AG stated that crypto funds generally outperformed the price gains of BTC in previous bull runs, but ultimately suffered this year from having too much cash on hand and playing it safe.
Economist Expects US Rating Downgrade to Accelerate De-Dollarization Process
Economists have warned about the adverse impact of Fitch’s U.S. rating downgrade on the dollar. One expects the downgrade to “accelerate” the process of de-dollarization globally. Another stated that it may be “a part of the…
Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff…
Robert Kiyosaki Warns of ‘Crash Landing’ After US Rating Downgrade
Robert Kiyosaki, the renowned author of the bestselling book Rich Dad Poor Dad, has emphasized his concern about an impending crash of the U.S. economy after a prominent American credit rating agency downgraded the U.S. rating. “Brace for…
Coinbase Research Expert Decodes Latest Crypto And Finance Market Trends
Coinbase’s Head of Research, David Duong, has shared his insights on the recent market movements in traditional finance and crypto. He believes that current macro conditions suggest a temporary pause in the recent strong USD trend, which should…
Curve Finance Exploiter Returns 61,000 ETH After Protocol’s Stern Warning
In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu. The hacker, who…
Facebook Owner Meta May Launch Chatbot ‘Personas’ Next Month, Report
U.S. tech giant Meta is preparing to launch multiple chatbots powered by artificial intelligence (AI) as early as September. According to an article quoting knowledgeable sources, the company seeks to encourage user engagement on its social media…
Coinbase CEO says leaving US 'not even in the realm of possibility right now': Report
Brian Armstrong has previously suggested Coinbase might abandon the U.S. for a more crypto-friendly country, but also said the exchange was “100% committed” to the local market.
XDC Token Continues To Record Higher Gains Daily, Can It Achieve $0.1 Mark?
XDC Network is now on its way to the $0.1 target price after encouraging price movements over the past weeks. The token is now among the most searched cryptos ranking fourth on CoinMarketCap’s list of trending cryptocurrencies. However, the…
Crypto Biz: Worldcoin plans to open source data, MicroStrategy preps for BTC halving, and more
This week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, MicroStrategy’s quarterly results and Nomura’s crypto license in Dubai.
DOJ Demands Revocation of Bankman-Fried’s Bail, Wants Him Confined in Metropolitan Detention Center for Trial
After accusations against the disgraced FTX co-founder, Sam Bankman-Fried, for allegedly meddling with a witness by providing the New York Times with excerpts from former Alameda Research CEO Caroline Ellison’s private journal, the legal team…
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week's events.
Bitcoin NVT Shows Bearish Crossover, Price Drop Incoming?
On-chain data shows the Bitcoin Network Value To Transactions (NVT) ratio has formed a bearish crossover, a sign that a decline may be imminent. Bitcoin NVT Ratio Has Formed A Historical Bearish Crossover The “NVT ratio” is an indicator…
Bitcoin continues to range trade, and altcoin traders are starting to view BTC’s price consolidation as a positive sign for the rest of the crypto market.
Bank Of Canada Study Shows Crypto Ownership In The Country Fell In The Last 2 Years
A recent study by the Bank of Canada (BoC) has shown a decline in the ownership of cryptocurrencies over the two years. The BoC has attributed this decline in crypto ownership to ecosystem collapses, regulatory hurdles, and price depreciation…
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping…
US lawmakers urge White House to address North Korea’s use of digital assets: Report
Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July.
XRP Performance Woes: How Might Its Price Respond To Current Market Realities?
XRP experienced a surge after Ripple Labs’ recent legal win against the US Securities and Exchange Commission, marking a partial victory. Nonetheless, the pace of this upswing has moderated in recent weeks, encountering notable resistance and…
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights…
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