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Cryptocurrency News

Location American Cryptocurrency News for 1 August 2023
Shark Tank Star Kevin O'Leary Warns More US Banks Will Fail Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, whic...
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Margot Robbie Mocks Bitcoin, Labeling It a 'Ken' Affair, as Mattel Explores NFTs In a recent interview with Fandango, Margot Robbie, the lead star of this summer's blockbuster sensation "Barbie," mocked the world of cryptocurrency, particularly Bitcoin. Australian-born Hollywood star Robbie revealed ...
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Litecoin 'Halving,' Set for Wednesday, Should Harden Supplies of 'Digital Silver' The once-ever-four-years "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mec...
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RFK Jr. Defends Bitcoin, Denounces Climate Concerns as 'Smokescreen' to Limit Freedom Presidential Candidate Robert F. Kennedy (RFK) Jr. defends Bitcoin against environmental impact criticisms, asserting that opponents use it as a smokescreen to limit financial freedom. On July 31, RFK responded to Sangha...
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MakerDAO's MKR, Ripple's XRP and Stellar's XLM Led Crypto Gainers in July Cryptocurrency giants, bitcoin and ether, meanwhile, lost ground during the month.
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MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul The software firm reported its second-quarter earnings after the close on Tuesday.
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Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.
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Was Sam Bankman-Fried behind a scam project?

Coin Telegraph - 1 Aug 2023 22:00
Was Sam Bankman-Fried behind a scam project? This week's episode of The Market Report explores allegations that SBF was behind the recent BALD token rug pull and dissects why Bitcoin is falling below $29,000.
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Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country's blockchain future, says Ukr...
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GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty' Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday.
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The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.
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Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue Prior uneventful periods preceded major eruptions in volatility for BTC's price, crypto analytics firm K33 Research noted.
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How AI, Web3 and Humans Can Work Together to Solve Complex, Global Problems Fear abounds about AI, but the technology combined with blockchain can serve as an excellent complement to human ingenuity.
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DeFi Died and We Didn't Even Notice

Coin Desk - 1 Aug 2023 20:33
DeFi Died and We Didn't Even Notice The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn't really that different from traditional finance.
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Crypto Whale Invests 460 ETH ($840,000) into New Coin Wall Street Memes - Best Crypto to Buy Now? A crypto whale just made a huge investment into one of 2023's hottest meme coin presales. Over the course of about five minutes, five different wallets piled 460 ETH (worth nearly $850,000) into the Wall Street Meme's $W...
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Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC). On Monday, US District Judge Jed Rakoff rejected Terraform Labs' argume...
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Analyzing Mark Zuckerberg's Metaverse Investment: $21 Billion in Losses So Far Facebook boss Mark Zuckerberg's metaverse push has so far cost his company $21 billion, with little to show for in terms of real results, according to a recent Bloomberg opinion piece. For the massive amount of money spe...
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FTX Unveils Reorganization Strategy, Proposing 'Offshore Crypto Exchange' and New Trust In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an "offshore crypto exchange" whil...
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Genesis Digital Assets opens three new facilities in South Carolina in US expansion The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas.
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Galaxy Digital CEO Mike Novogratz: Larry Fink's Bitcoin Support Is Game-Changing BlackRock CEO Larry Fink's recent endorsement of Bitcoin is the number one reason to be bullish on the asset right now, according to Galaxy Digital CEO Mike Novogratz. "The most important thing that happened this year in...
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Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans The environmental argument "should not be used as smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter.
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How DeFi Protocols are Building More Granular and Extensible Capabilities The trend towards "micro-primitives" creates protocols that are more extensible, programmable and composable. But it also creates greater vulnerability at a time when protocols are under increasingly hack-attack.
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