Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months
An unknown wallet has accrued more than $3 billion worth of Bitcoin in the last three months, sparking a wave of theories about the potential owner.
Posts published on August 21, 2023 go to media archive 1/4
Gold-backed BRICS currency will be 'very hard' to deliver: Lyn Alden
A BRICS common currency will be challenging to initiate and maintain, though efforts to dethrone the US dollar could have an impact on Bitcoin, says investment strategist Lyn Alden.
Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
Bitcoin's relative strength index has dropped well below 30 to its strongest oversold reading since March 2020.
XRP Price Shows Confluence Of Bearish Factors and Could Decline Again
Ripple’s token price is showing bearish signs below $0.580 against the US Dollar. XRP price could start another decline if it trades below $0.480. Ripple’s token price is struggling to recover above $0.550 and $0.580 against the US dollar. The…
BRICS Not Focusing on Creating Common Currency, Indian Official Says
A top Indian official has downplayed the creation of a shared BRICS currency. Emphasizing that “common currency discussions have several prerequisites before you can even talk about a common currency framework,” the official stressed that the BRICS…
Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700
Ethereum price is struggling to recover above the $1,700 resistance against the US Dollar. ETH could start a fresh decline if it stays below $1,700 and $1,720. Ethereum is struggling to recover above the $1,700 and $1,720 levels. The price is…
AI unlikely to destroy jobs, but cost to certain workers may be 'brutal' — UN study
A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others.
Bitcoin Price Signals Bearish Continuation But Bears Losing Strength
Bitcoin price is struggling to recover above the $26,500 level. BTC could gain bearish momentum if there is a move below the $25,600 support. Bitcoin is struggling to recover above the $26,500 resistance zone. The price is trading below $26,400 and…
Over 40 Heads of State Will Attend BRICS Summit, South Africa Confirms
South Africa, the host of the BRICS summit this year, has confirmed that more than 40 heads of state will participate in the summit that will take place on Aug. 22-24. South Africa has also claimed that 23 countries have formally applied for BRICS…
Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial
The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arraigned on a new superseding indictment.
Friend.tech denies report that database of over 100K users was ‘leaked’
Friend.tech has hit back at a report which suggested that its API “leaked” personal data of its users.
Thailand threatens Facebook over crypto scams and other fraudulent ads
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.
RUNE Beyond Swaps: THORChain Introduces New Lending Protocol
In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD…
Crypto miner Hive Digital CEO sees AI working in unison with blockchain
Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other.
Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929…
AVAX Price Bucks Under The Pressure Of Upcoming $102 Million Token Unlock
While most altcoins are looking toward a recovery from the recent market crash, the AVAX price seems to be gearing up for the opposite. The reason behind this is the massive token unlock that is set to occur this week, which will undoubtedly place…
Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin
A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve billions of dollars worth of bitcoin that the company allegedly lost in a hack, a Monday court filing…
Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns
The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the…
Glassnode Co-Founder’s Prediction: DXY Set To Peak, Fueling Potential Bitcoin Rally To $37,000
The largest cryptocurrency by market cap, Bitcoin (BTC), dropped after a prolonged period of consolidation around the $29,000 mark. The failure to sustain this level has resulted in a decline to $26,000. Interestingly, Bitcoin’s recent…
Sam Bankman-Fried will get one day in court to meet with lawyers
According to a judge's order, SBF will be allowed access to one laptop and "WiFi device” for roughly 6.5 hours while meeting with counsel in a courthouse cell block attorney room.
Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity.
Central African Republic expands Sango project to land, resource tokenization
Asset tokenization has been in the works for a year. The ambitious project has also included investor citizenship and an island in the metaverse.
Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M
Even altcoins slumped, with only Ripple and Cardano registering inflows.
Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases
Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.
Bitcoin Reaches Most “Oversold” Record Since 2020: What This Means
Bitcoin price just experienced one of its fastest and sharpest corrections in over a year, dropping 10% in a matter of minutes. The mass liquidations and panic from the selloff caused BTCUSD daily charts to reach the most oversold level since the…
Coin Center responds to US lawmakers’ request for crypto tax guidance
The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks.
Whale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?
Shiba Inu (SHIB) token has witnessed high-value transactions again, leading to intrigue among its community. As significant amounts of SHIB change hands, many wonder if these moves signal a forthcoming positive shift in its market position or a…
Crypto futures and ETFs are knocking at the door: Law Decoded, Aug. 13–20.
SEC is likely to approve multiple applications for Ether futures exchange-traded funds simultaneously.
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing
Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has…