Posts published on August 7, 2023 go to media archive 3/4
Bitcoin Remains King While Crypto Hedge Funds Get Rekt
Even though crypto hedge funds managed positive returns during the first half of 2023, bitcoin trounced them, according to a 21e6 Capital report.
India House passes bill to ease Big Tech data compliance
The lower house in the parliament of India approved updates to a bill that would ease data storage, processing and transfer standards for Big Tech companies.
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
XRP Journey To $10: Unveiling The Forces That Could Trigger An Upward Momentum
XRP is currently undergoing a notable price correction, with a 24-hour decline of 2.2% and a seven-day slump of 12.1%, bringing its price to $0.61 according to CoinGecko. However, amidst this downturn, prominent crypto YouTuber and XRP analyst…
Singapore commits $112M to support fintech solutions like Web3
Singapore’s central bank recognized the importance of partnering with industry players to support solutions from emerging technologies like Web3.
Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago
Saylor stepped down as CEO of MicroStrategy one year ago in order to focus solely on Bitcoin.
Bitcoin, Ethereum Technical Analysis: BTC Flatlines on Monday, as Market Volatility Continues to Fade
Breaking: Paypal launches PYUSD stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector.
Binance sold USDC for another stablecoin — Coinbase CEO
Binance has been experimenting with relatively lesser-known stablecoins after a pause on BUSD.
Solana Products See Strong Inflows, Bitcoin And Crypto Lose $107 Million
The past week has painted a vivid picture of shifting investor sentiment worldwide. While Bitcoin and the broader cryptocurrency market witnessed a significant outflow of funds from investment products like ETPs, ETFs and funds, Solana (SOL)…
Decentralized asset management system launches for Arbitrum, Optimism
Valio has launched publicly, allowing investors to back money managers through a decentralized process.
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust.
First Mover Americas: Michael Saylor's Wager on Bitcoin Looking Better
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon.
Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter
Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform’s stable pools on July 30. The huge bounty…
UTXOracle: A Decentralized Approach To The Oracle Problem
This is an opinion editorial by Daniel Hinton, the head of finance and operations for sFOX, a bitcoin prime broker and custodian, and Steve Jeffress, creator of Bitcoin UTXO set visualizer UTXO.live.We now know how to infer the daily price of…
Worldcoin expects more companies to integrate in the coming months, says product head
The head of product at Tools for Humanity told Cointelegraph that Worldcoin is expecting more companies to integrate in the second half of the year.
FBI Issues Warning on Scam Involving Criminals Impersonating NFT Developers
The Federal Bureau of Investigation (FBI) has issued a Public Service Announcement (PSA) warning about criminals impersonating non-fungible token (NFT) developers in social media. According to the PSA, criminals can impersonate these developers on…
Universities are ‘critical players’ for the future of Web3 — LBank Labs CEO
Czhang Lin said it’s important for universities to understand Web3 and guide students toward the right vision.
11 ChatGPT prompts for maximum productivity
Explore the transformative power of ChatGPT’s customizable prompts for professionals seeking maximum productivity.
When Will Polygon (MATIC) Rebound? Analyzing This Month’s Recovery Potential
Polygon (MATIC), a prominent player in the cryptocurrency market, faced a volatile journey in July, as it initially cleared significant gains but encountered setbacks that have left investors and enthusiasts eager for signs of a resurgence. As of…
Elon Musk rebrands Twitter Blue subscription services to X Premium
The Blue subscription was launched as a way for users to buy the blue checkmark for their profile but later evolved to share ad revenue as well.
Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports
Kenyan police raided Worldcoin's Nairobi warehouse and confiscated documents and machines on Saturday.
Cardano Blockchain Transactions Jumped 49% Last Quarter as ADA Sentiment Grew
Blockchain load – a measure of how much data is contained in blocks over a certain period – rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May.
Behind The Quiet: Low Bitcoin Volatility Masks Underlying Market Dynamics
In the world of Bitcoin, silence is not always golden. The recent weeks have seen Bitcoin’s price volatility drop to historical lows, with the BTC price trading mostly between $29,000 and $30,000. However, beneath this placid surface, a…
Singapore Red Cross starts accepting crypto donations
Humanitarian aid and community services charity, Red Cross Singapore, included cryptocurrency as a newly-accepted form of donation.
BTC price meets CPI as volatility 'collapses' — 5 things to know in Bitcoin this week
Bitcoin is frustratingly calm and volatility is near historic lows — what could provide BTC price action with fresh fuel to discover a trend this week?
PEPE’s Future: Will Prices Of Meme Coins Continue To Drop?
In the realm of meme coins, PEPE’s Network Realized Profit/Loss (NPL) metric has emerged as a critical barometer, shedding light on price trends within the cryptocurrency landscape. This metric has now indicated a glimmer of a price floor for…
UK to expand crypto crime agency, hiring spree underway
The job involves investigating crypto fraud, money laundering and other blockchain-based crime performed by organized groups.