Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
[Aug 21, 2023 11:23 PM] Bitcoin's relative strength index has dropped well below 30 to its strongest oversold reading since March 2020.
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Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial
[Aug 21, 2023 7:55 PM] 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.
Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin
[Aug 21, 2023 5:20 PM] 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
[Aug 21, 2023 4:00 PM] 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…
Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases
[Aug 21, 2023 2:59 PM] 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.
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
[Aug 21, 2023 2:07 PM] 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.
Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates
[Aug 21, 2023 12:31 PM] Instruments tied to interest rates compete with Bitcoin for investor dollars.
Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges
[Aug 21, 2023 12:00 PM] Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published…
Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment
[Aug 21, 2023 10:30 AM] Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday…
Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market
[Aug 21, 2023 8:42 AM] The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.
As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
[Aug 21, 2023 8:30 AM] Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions…
Terra Website Compromised; Developers Warn Against Phishing Scam
[Aug 21, 2023 7:47 AM] Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.
BNB Chain Exploiter Liquidated for $30M on Venus Protocol
[Aug 21, 2023 7:30 AM] This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.
Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden
[Aug 21, 2023 7:00 AM] Genesis Digital Assets (GDA), one of the worlds largest Bitcoin miners in terms of hash rate, has announced the inauguration of its new mining facility situated in the northern reaches of Sweden, according to a press release sent to Bitcoin…
First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase
[Aug 21, 2023 6:12 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide
[Aug 21, 2023 6:01 AM] The ether-bitcoin ratio rose more than 2% past week in a gain that's inconsistent with its record of taking losses during bouts of risk aversion.
Nodal Power Secures $13 Million Seed Round To Drive Renewable Energy Transformation At Landfills
[Aug 21, 2023 6:00 AM] Nodal Power, who mitigates methane at landfills by powering Bitcoin mining data centers, announced that the company has successfully raised $13 million in a seed funding round aimed at aggressively curbing methane emissions from landfills…
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
[Aug 21, 2023 4:32 AM] Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.
Ethereum Co-Founder Vitalik Buterin Sends $1M ETH to Coinbase
[Aug 21, 2023 4:09 AM] Vitalik Buterin transferred over $1 million worth of ether to crypto exchange Coinbase on Monday.
Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns
[Aug 21, 2023 4:06 AM] Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions.
Bitcoin Held Steady Above $26K Over Weekend; XRP, LTC Buck Market Trend
[Aug 21, 2023 3:20 AM] Crypto markets saw one of the biggest long liquidation events since FTX’s collapse, with little buying pressure over the past few days.
Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April
[Aug 21, 2023 2:35 AM] Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009.
Latam Insights — Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service
Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In
[Aug 21, 2023 2:01 AM] The application has zoomed to becoming the second-largest revenue maker among crypto protocols in just over two weeks.
Scheduled Unlocks for LDO, AVAX, YGG Tokens Promise Busy Week Ahead
[Aug 21, 2023 1:18 AM] Research by The Tie show coins tend to drop in the days leading up to the unlock.
Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown
[Aug 21, 2023 12:30 AM] In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s…
FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee
[Aug 21, 2023 12:23 AM] Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion.
Bitcoin’s Transaction Backlog Surges Past 400,000
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
[Aug 20, 2023 4:30 AM] Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will…
Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week
[Aug 19, 2023 4:30 PM] FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the…