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Cryptocurrency News

Location American Cryptocurrency News for 11 July 2023
Ether Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.
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Economist Jim Rickards: 'Biden Is Now a World Historic Figure -- He Has Destroyed the Dollar' Jim Rickards, economist and best-selling author, has accused the Biden administration of destroying the U.S. dollar as a reserve currency. Rickards stated that Biden is to blame for the upcoming marginalization of the U....
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Sue Ennis, VP at Hut 8, on Bitcoin, A.I Infrastructure, and Bitcoin Mining | Ep. 246 In an exclusive interview with cryptonews.com, Sue Ennis, Vice President of Corporate Development and Investor Relations at Hut 8 Mining, talks about how A.I infrastructure is different from traditional data centers, the...
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Japanese Gaming Giant Sega to Pull Support From 'Boring' Blockchain Games Sega, one of the biggest game developers in Japan, has recently announced changes regarding its blockchain and Web3 gaming policy. The company announced it would not involve its largest franchises in blockchain initiativ...
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Brazilian Police to Auction Assets Seized from Suspected Crypto Fraudsters Police in Brazil have announced plans to auction off assets seized from Trust Investing, a suspected crypto-themed financial pyramid operator. Per the media outlet Portal do Bitcoin, a Federal Court in Campo Grande grant...
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EU's Metaverse Vision Focuses on Standards, Governance and Funding The EU isn't proposing new laws but could spend hundreds of millions on research into virtual worlds.
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Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today. Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum. F...
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MetaMask Developer ConsenSys Brings Layer 2 Blockchain 'Linea' to Ethereum Mainnet The rollup chain from ConsenSys, known as a zkEVM, joins a growing field of projects aiming to expand access to Ethereum using zero-knowledge cryptography.
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Mt. Gox repayment date looming: Is Bitcoin in trouble?

Coin Telegraph - 11 Jul 2023 13:39
Mt. Gox repayment date looming: Is Bitcoin in trouble? As the Mt. Gox October repayment deadline approaches, crypto observers expect a major industry event this fall.
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Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of 'Enhanced Digital Money' Andrew Bailey, Governor of the Bank of England (BoE), has reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London. Bailey, who has previously voiced his concerns about the ...
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First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.
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Bitcoin Falls Below $31K After Late Monday Surge

Coin Desk - 11 Jul 2023 00:50
Bitcoin Falls Below $31K After Late Monday Surge The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
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DeFi Platform Arcadia Finance Falls Victim to $455K Hack on Ethereum and Optimism Arcadia Finance has joined the growing list of DeFi protocols to lose funds in hack exploitation. The hackers leveraged a code vulnerability to siphon about $455,000 from the protocol's Ethereum and Optimism vaults. Bloc...
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Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country According to the Egyptian Statistics Bureau, Egypt’s annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May’s inflation rate, breaking records. Egypt, the world’s 14th most populous country, ...
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EthCC and Crypto's Latent Biases

Coin Desk - 11 Jul 2023 19:42
EthCC and Crypto's Latent Biases A major Ethereum conference set for Paris is not drawing the same criticisms and concerns around last year's DevCon in Bogota, Colombia. If the industry wants to grow, it must take a truly global perspective.
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UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites The U.K.'s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs "illegally operating" in the country. After more inspections in the past couple of months, the watchdog vowed to conti...
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Coinbase Goes to Court Against the SEC

Coin Desk - 11 Jul 2023 22:30
Coinbase Goes to Court Against the SEC Coinbase (COIN) and the Securities and Exchange Commission will meet in court this week. The hearing - the questions asked and the answers given - should provide some hints on how the case may go (for now, anyway).
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Tim Draper Still Thinks Bitcoin Can Reach $250K - Just 2 Years Later Than He Expected Even though billionaire investor and venture capitalist Tim Draper was clearly wrong when he predicted bitcoin (BTC) would reach $250,000 in June 2023, he said he still believes that it will happen eventually, maybe in 2...
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Aptos Voting to Enable Fungible Assets With Network Upgrade Aptos is holding a vote on upgrades to its blockchain, its tokenomics and its ability to handle fungible assets.
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US Senator Expresses Concern Over Prometheum Co-CEO's Congressional Testimony On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations th...
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Cardano network activity and ADA's oversold price action hint at a powerful breakout On-chain growth, a surge in DeFi use and positive technical outlook could back a breakout in ADA price.
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Bitcoin continues dominance as 3rd week of fund inflows correct previous months' outflows Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.
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