Posts published on August 22, 2023 go to media archive 2/4
Optimism (OP) Continues Market Recovery As Network Whales Triple Holdings
Ethereum layer 2 network Optimism (OP) has maintained its market recovery in the last few days, recording a 5.57% gain over the last 24 hours, based on data from CoinMarketCap. Since hitting the $1.31 price mark, Optimism has embarked on an upward…
Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning
Ethereum-based DeFi major Balancer learned of a "critical vulnerability" that imperils a slice of the protocol's user-deposited crypto.
Report: Kenyan Parliament Establishes Committee to Investigate Worldcoin
The Kenyan Parliament recently created an ad-hoc committee to investigate Worldcoin’s activities in the country. According to the Kenyan House speaker, the 15-member committee is expected to report back to parliament within 42 days. A Kenyan…
Stellar joins Bytecode Alliance to help develop EVM alternative Wasm
Stellar joined the industry group developing Wasm, an alternative computation engine for running smart contracts.
BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance
BNB, formerly known as Binance Coin, dropped to as low as $204, lowest since late June 2022.
Shiba Inu Price Challenge: Gunning For $0.00001 After Shibarium Snag
Shiba Inu (SHIB) has recently witnessed a tumultuous journey marked by a sharp reversal from its peak at $0.00001136. This reversal, known as a V-top, has raised significant concerns within the crypto community and the trading floors. But what…
First Republican presidential debate to feature pro-crypto candidates
Florida Governor Ron DeSantis and Vivek Ramaswamy will be in attendance at the political debate on Aug. 23, but not Miami Mayor Francis Suarez, despite earlier claims.
BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF
The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn't straightforward, neither is the government's suppression of BTC price.
Official Hints China Could Pit Expanded BRICS Against G7
China may be in the process of building an expanded BRICS to pit the bloc as a geopolitical rival for the Group of Seven (G7) nations, as per statements from a Chinese official. In its upcoming summit that will take place in Johannesburg, the bloc…
BREAKING: Balancer V2 Pools Under Threat, LP Users In Race Against Time To Withdraw Funds
Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools. While emergency measures have been implemented successfully to safeguard a…
The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar…
Meet Botto, the AI-Artist That Mints Its Own NFTs
Botto is part AI, part human community, part DAO, and part experiment on the way to artistic singularity. Jeff Wilser meets its creator, Mario Klingemann.
Biggest Movers: MATIC 5% Lower on Tuesday, Hitting a 2-Month Low
Polygon was one of the biggest movers in crypto markets on Tuesday, as the token fell by over 5% in today’s session. The decline saw the token fall to its weakest point in two months, breaking out of a key support point in the process…
Bitcoin analyst eyes 'V-shape' BTC price bounce as RSI hits 5-year low
BTC price "death chop" continues to characterize the aftermath of last week's Bitcoin flash crash.
Shiba Inu Community Leaves Shibarium Launch Troubles Behind As Wallet Count Crossed 10 Million
Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch. SHIB Community Euphoria Sparks Shibarium Meteoric Rise According to a…
Crypto Exchange EDX Markets Taps Anchorage as Custody Provider
Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year.
Chinese official sentenced to life in prison for Bitcoin mining, corruption
Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.
Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence
After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have…
3rd Biggest Bitcoin Stash Now Belongs To Unknown Wallet, Amassed In Over 3 Months
An unknown Bitcoin wallet has emerged as the global third-largest BTC holder. The wallet used three months to accumulate BTC to climb to its present position in the ranking of holders. Following the recent revelation, some speculations and theories…
Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second
Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism
Starkware to Open-Source ‘Magic Wand’ of Its Zero-Knowledge Cryptography Next Week
The team behind the layer 2 Starknet blockchain said that they will also hold a code review on Aug. 31 at a conference in San Francisco.
FedNow Is a Reminder That Payments Aren’t Crypto’s Differentiator
Existing payments systems are hard to beat, but there may be niches where blockchain companies can play, says EY's Paul Brody.
Blockchain takes the stage at Longevity+DeSci summit in New York
This year’s Longevity+DeSci Summit in New York City showcased several decentralized solutions.
Analysis Suggests Bitcoin’s 2024 Halving Could Propel Price to $400,000
The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand…
Unchained Surges With 170% Growth in Bitcoin Loan Activity During The First Half of 2023
Unchained, a leader in financial services tailored for bitcoin holders, has seen a 170% upsurge in loans backed by bitcoin from the first quarter to the second quarter of 2023, according to a press release sent to Bitcoin Magazine. The company also…
FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report
Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.
Crypto amplified financial risks in emerging markets: BIS papers
Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws.
Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT: Hall of Flame
Crypto Banter host Ran Neuner takes aim at Ripple and FatMan Terra, tips his hat to ZachXBT and explains his young kids can read charts.