Crypto investment products registered minor weekly outflows last week as volumes plunged to their second-lowest levels of the year, signaling weak demand among institutional investors during the tail end of summer. Outflows from digital asset investment products totaled $8.7 million in the week ending Sunday, CoinShares reported Monday. Bitcoin (BTC) investment products saw a third …
Continue reading “Summer doldrums? Crypto volumes are down 55%, according to CoinShares”
The Bitcoin price prediction shows that BTC may face down but consolidation is likely to play out between $20,000 and $21,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,256 Bitcoin market cap – $406.5 billion Bitcoin circulating supply – 19.1 billion Bitcoin total supply – 19.1 billion Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term …
Continue reading “BTC Plummets Under $21,500 as Tamadoge Goes Bullish”
Several crypto advocates have come forward to launch online petitions aimed at freeing Alexey Pertsev out of prison. Pertsev is a developer of the Tornado Cash app and was recently arrested on suspicions of fraud and asset confiscation. The arrest of Alexey Pertsev, the developer associated with the infamous Tornado Mixer app has sparked intense …
Summary: South Korean lawmakers could introduce a massive crypto tax law. Authorities are reportedly considering taxing free tokens bagged from crypto airdrops. The tax could be as high as 50%, Monday’s report revealed. South Korea’s government has intensified efforts to regulate cryptocurrencies following the aftermath of LUNA and TerraUSD’s crash. The country plans to tax …
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Interest Protocol has entered into a strategic partnership with Chainlink Labs to increase the security of its platform The lending protocol will receive strategic advice from the company and integrate two new Chainlink features that are set to create a more robust and efficient user experience. Chainlink’s expertise is coming to Interest Protocol Launched in …
CEO of Aurora Labs, Alex Shevchenko, announced Monday that the NEAR-ETH Rainbow Bridge defended an attack over the weekend resulting in the hacker losing 5ETH. Shevchenko claimed that the attack was “mitigated automatically within 31 seconds,” showcasing a highly effective defense mechanism to protect users’ funds within the bridge. The Rainbow Bridge allows users to …
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Justin Sun believes Tron-native stablecoin USDD is inherently safer and more secure than Terra’s UST. On May 9, UST lost its dollar peg setting off a collapse in its pegging asset, Terra LUNA. This triggered devastation across the broader crypto industry, including mass capital outflows across the board and a subsequent spate of CeFi bankruptcies. …
Inflation is one of the most important global topics of 2022, with the U.S. hitting 8.3%, the UK as high as 10.1%, and countries such as Turkey seeing figures as high as 79.6%. These figures are well beyond the target rate of 2% inflation by the major central banks. Central banks such as the Federal …
According to a 32-page report issued by ByBit, the Solana ecosystem saw strong growth in the second quarter of 2022 due to the strong performance of GameFi and DAOs. There was an increase in DAO activity, continued volatility in NFT markets, strong interaction with GameFi, and a decline in DeFi market share during the quarter. …
The Australian government announced plans to token map all digital assets in its crypto asset sector as it intensifies efforts to protect consumers against unregulated market conditions. Australia’s tax office estimates that more than one million people have interacted with crypto assets in the region since 2018. As a result, the government is seeking to …
Ethereum 2.0 client Teku released the version 22.8.1 update on August 22, including the Bellatrix network upgrade and Merge configuration. The document stated that all mainnet users must complete the upgrade before September 6 in preparation for the Ethereum Merge scheduled for September 15. Teku v22.8.1 is now available.This is a required update for all Mainnet …
Continue reading “Ethereum Merge plans in full swing as Teku, Geth release update”
Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period. EOS was trading mostly higher on …
Continue reading “Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines”
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this past week the company has laid off roughly 80% …
Ethereum extended recent declines to start the week, as the token briefly fell below a key support point in today’s session. Monday’s sell-off saw the majority of the cryptocurrency top 100 in the red, with the global market cap down 1.61% as of writing. Bitcoin also slipped, once again falling below $21,000. Bitcoin Bitcoin (BTC) …
Meta CEO Mark Zuckerberg has decided to overhaul the company’s flagship metaverse app Horizon Worlds after it received heavy criticism due to its graphic simplicity. The backlash was received as a consequence of one of the selfies of Zuckerberg’s avatar in Horizon Worlds presented to illustrate the launch of the platform in Spain and France. …
