Monthly archives: August 2023

AVAX, the native currency of the Avalanche blockchain, is trading at new 2023 lows at the time of writing on August 26. Trading at $10, the coin is down 55% from 2023 highs and roughly 25% alone in August 2023. At this pace, AVAX has not only broken mid-June 2023 lows but could break below …

Continue reading “AVAX Dump Continues Despite Puma/Roc Nation Sneaker Launch On Avalanche”

Ethereum Layer 2 network “Base” has surpassed Cardano in terms of Total Value Locked (TVL) in just two weeks after its official launch, despite Cardano experiencing a multi-year head start in growth and development.  Base TVL And Trading Volume Rises Above Cardano Presently, Cardano is facing criticism from users due to its TVL falling below …

Continue reading “Base Chain TVL Surpasses Cardano As Interest Swells”

Top Stories This Week Tornado Cash co-founders charged with money laundering, sanctions violations United States officials pressed charges against the co-founders of crypto mixer Tornado Cash on Aug. 23. Roman Storm and Roman Semenov were both charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting …

Continue reading “Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26”

Billions of dollars are flowing out of the traditional banking system as money market funds witness a wave of inflows. According to fresh stats from the Federal Reserve Economic Data (FRED) system, $48.81 billion in deposits exited American bank accounts from August 10th through the 16th. In the last year, a the total amount of …

Continue reading “$48,810,000,000 in Deposits Exit US Banks in One Week As Money Market Funds Report Massive Inflows”

A scammer has reportedly duped the U.S. Drug Enforcement Agency (DEA) into sending them $55,000 worth of crypto. According to a new report from Forbes, the DEA sent a test transfer of $45.36 worth of Tether (USDT) to the U.S. Marshals Service after seizing more than $500,000 worth of the stablecoin in May from two …

Continue reading “Scammer Nabs $55,000 in Crypto by Duping the U.S. Drug Enforcement Agency: Report”

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are jointly proposing new tax regulations for the digital assets industry. In a new publication, the Treasury and the IRS are proposing that payment platforms, wallet providers and trading firms that deal with crypto assets file tax returns on certain sales or exchange …

Continue reading “U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations”

JPMorgan’s analysts consider Bitcoin’s declining open interest to be a sign that the current price trend may be weakening. News Join us on social networks The cryptocurrency market’s recent downtrend appears to be coming to an end, as JPMorgan’s latest research suggests that most long-position liquidations have been completed. According to a Bloomberg report, analysts …

Continue reading “JPMorgan forecasts limited downside for crypto markets: Report”

Bitcoin (BTC) dipped below $26,000 for part of the day on Friday after U.S. Federal Reserve Chair Jerome Powell acknowledged the possibility that the Fed might have to hike interest rates again. Powell spoke at a Fed-sponsored economic policy symposium in Jackson Hole, Wyoming on Friday morning. He stated that it’s the “Fed’s job” to …

Continue reading “Bitcoin Dips As U.S. Fed Chair Jerome Powell Says They Are ‘Prepared To Raise Rates Further if Appropriate’”

While AI-generated songs are flooding the music market, blockchain technology can ensure transparency and ethical standards are maintained within the industry. Cointelegraph YouTube Subscribe Join us on social networks The synergy of AI and blockchain can revolutionize the music industry by enhancing artists’ creative capabilities while preserving transparency and fair revenue distribution among creators.  AI …

Continue reading “How can the synergy of AI and blockchain disrupt the music industry?”

Judge Lewis Kaplan ordered the government to respond to Bankman-Fried’s counsel concerning appropriate access to discovery materials, as well as a request barring prosecutors from using new evidence. News Join us on social networks A federal judge will hear Sam Bankman-Fried’s defense argument against a newly released batch of evidence provided by the U.S. Department …

Continue reading “Judge to hear Sam Bankman-Fried’s defense against 4M pages of newly released evidence”