Dormant stablecoin supply ready to impact Bitcoin, SSR Oscillator dips below zero

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Digital asset investment products see massive $168M in outflows

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after ruling

In a landmark ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit vacated an order from the Securities and Exchange Commission (SEC), granting Grayscale Investments LLC a long-awaited victory in its lawsuit over the conversion of its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The …

NEAR Protocol

1. Introduction NEAR Protocol has positioned itself as a Blockchain Operating System (BOS) aiming to become an open-source community-run public cloud computing platform for decentralized applications (dApps). As a BOS, NEAR aims to cater to three core audiences: developers, enterprises, and end-users, allowing them to build and interact with decentralized applications seamlessly across blockchain networks. …

Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss

Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite its increasing mining revenue and computing power. Per the unaudited financial report, the miner generated a total revenue of $73.9 million, while its “cost of revenues” were $143.9 million, resulting in a gross loss of …

Mastercard Multi-Token Network moving at ‘amazing pace’ as Polytrade tests RWA token integration – report

Mastercard held its first-ever blockchain innovation sprint in London last week as part of the development of its Multi-Token Network (MTN.) Among the participants was fintech startup Polytrade, which showcased how its blockchain-based platform for trade financing could integrate with the MTN. The network aims to enable consumers, merchants, and banks to transact seamlessly and …

DOJ seeks to dismiss star lineup of expert witnesses in Sam Bankman-Fried trial

The U.S. Department of Justice wants the court to disqualify all the expert witnesses of Sam Bankman-Fried, per an Aug. 28 court filing. According to the DOJ, SBF experts’ disclosure filings are insufficient, and their experience is misleading. The prosecutors further argued that these witnesses’ testimony may be irrelevant to the case. The DOJ discredited …

PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk

Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days. Altcoin Watch Join us on social networks Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of …

Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump

Indian crypto exchanges CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. News Join us on social networks The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28. The crypto …

Top Trader Issues Crypto Warning, Says Next Bull Market Not a Guarantee – Here’s Why

A closely followed crypto strategist says that there is a possibility that digital assets may not witness another bull market. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 181,600 followers on the social media platform X that he is less confident in a crypto bullish reversal this time around. “Last bear …

Shiba Inu Developer Says Layer-2 Protocol Shibarium Is Live and Ready for Prime Time

Pseudonymous memecoin developer Shytoshi Kusama says Shiba Inu’s (SHIB) scaling solution Shibarium is “live and operating well.” In a new blog post, Kusama says that “Shibarium is ready for prime time” after technical issues blamed on a “massive influx” of users cropped up following its official launch earlier this month. According to the blockchain security …

Binance excludes Banco de Venezuela from P2P payments

Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009. News Join us on social networks The world’s largest crypto exchange, Binance, has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks …

Crypto lawyer about SEC: ‘Problematic to imply all NFTs are securities’

Oscar Franklin Tan, the chief legal officer of NFT platform Enjin, told Cointelegraph that it’s very problematic to imply that all NFTs are securities, as it could hold back creators. Follow up Join us on social networks The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered …

DOJ seeks to bar Sam Bankman Fried’s expert witnesses from testifying

In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman-Fried’s expert witnesses from testifying on the case. News Join us on social networks The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses …

Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

Jacobi FT Wilshire Bitcoin ETF has been defined as an Article 8 fund by its issuer firm. News Join us on social networks The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article …

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