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Cryptocurrency News

Location American Cryptocurrency News for 5 August 2023
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth tra...
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Worldcoin Confirms Kenya ID Verification Pause

Bitcoin.com - 5 Aug 2023 12:30
Worldcoin Confirms Kenya ID Verification Pause The CEO of Worldcoin’s founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya’s ICT Minister Eliud...
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Economist Peter Schiff Warns US Dollar Collapse 'Inevitable' Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a cra...
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DeFi faces stress test, DoJ fears run on Binance, Hong Kong's crypto trading: Hodler's Digest, July 30 - Aug. 5 Curve Finance's dramatic exploit exposes DeFi, DoJ concerns of a run on Binance, and Hong Kong debuts retail crypto trading.
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Class Action Lawsuit Against Tether, Bitfinex Dismissed A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that T...
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Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an ind...
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Crypto Asset Manager Grayscale Predicts CBDC Support from Next US President, Finds No Red vs. Blue Divide in Crypto Stance Crypto asset manager Grayscale believes the next President of the United States will support the development and implementation of a central bank digital currency (CBDC). In a recent blog post, Grayscale argued that the ...
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X Will 'Never' Launch a Crypto Token, Says Musk

Bitcoin.com - 5 Aug 2023 17:30
X Will 'Never' Launch a Crypto Token, Says Musk Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning abo...
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Biggest Movers: SHIB Surges to 3-Month High to Start the Weekend Shiba inu was a notable gainer during Saturday's session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance's decision to approve the coin as a collateral asset, in ad...
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines on Saturday, as Markets React to Latest NFP Report Bitcoin started the weekend trading below the $29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets h...
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INSR Token to be Listed on MEXC Global Exchange on August 7 PRESS RELEASE. MEXC is excited to inform that the revolutionary cryptocurrency INSR Token, aimed at providing secure investments on decentralized pre-sale platforms, will be officially listed on the MEXC Global Exchange ...
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Base Opens Ethereum Bridge, Mainnet to Launch August 9 Base, the Ethereum L2 (layer 2) scaling layer backed by Coinbase, has opened bridging for selected assets from Ethereum. In a blog post, the protocol also announced that the Base mainnet deployment was slated for August ...
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Blockchain Security Firm CertiK Reveals Vulnerability in Worldcoin Protocol Allowing Unverified Orb Operator Access Blockchain security firm CertiK has disclosed a vulnerability in the Worldcoin protocol that allowed unauthorized access for an Orb operator. In a recent Twitter thread, CertiK explained that the vulnerability allowed an...
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Bitcoin Price Prediction As Tether Depegs From $1 - Is BTC in Trouble As Well? Bitcoin's price is trading choppy above the $29,000 threshold, and has captured the attention of traders and investors. The current live price of Bitcoin stands at $29,040, with a 24-hour trading volume of $11.3 billion....
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Venezuela Presents Official Request to Join BRICS

Bitcoin.com - 5 Aug 2023 09:30
Venezuela Presents Official Request to Join BRICS The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he...
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Binance Users Reach 150 Million, CZ Reveals

Bitcoin.com - 5 Aug 2023 08:00
Binance Users Reach 150 Million, CZ Reveals Registered users of Binance have hit 150 million, the crypto exchange's founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world's...
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BTC hodlers outperformed crypto funds by 69% in H1: 21e6 Capital 21e6 Capital AG stated that crypto funds generally outperformed the price gains of BTC in previous bull runs, but ultimately suffered this year from having too much cash on hand and playing it safe.
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Economist Expects US Rating Downgrade to Accelerate De-Dollarization Process Economists have warned about the adverse impact of Fitch’s U.S. rating downgrade on the dollar. One expects the downgrade to “accelerate” the process of de-dollarization globally. Another stated that it may be “a...
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Robert Kiyosaki Warns of 'Crash Landing' After US Rating Downgrade Robert Kiyosaki, the renowned author of the bestselling book Rich Dad Poor Dad, has emphasized his concern about an impending crash of the U.S. economy after a prominent American credit rating agency downgraded the U.S. ...
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Facebook Owner Meta May Launch Chatbot 'Personas' Next Month, Report U.S. tech giant Meta is preparing to launch multiple chatbots powered by artificial intelligence (AI) as early as September. According to an article quoting knowledgeable sources, the company seeks to encourage user enga...
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