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Cryptocurrency News

Location American Cryptocurrency News for 18 August 2023
Bitcoin Dips Below $26K in Crypto Market Whirlwind; $1 Billion Liquidated Amid Top Coins' Tumble Bitcoin’s value briefly slipped below the $26K threshold at 5:50 p.m. Eastern Time on Thursday before swiftly rebounding past the $26,000 benchmark. Concurrently, the expansive crypto landscape experienced an 8% tumble...
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Coinbase Halts USDT Trading for Canadian Users Starting August 31 In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31. This surprising development come...
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Shiba Inu is Going to Zero as SHIB Price Falls 15% After Shibarium Launch and Sonik Coin Surges Past $100,000 The highly-anticipated launch of Shibarium has been big news this week, after a huge influx of transactions overwhelmed the new main-net bridge on Wednesday - igniting a -28% tumble in SHIB price....
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SpaceX Reports $373 Million Bitcoin Write-Down in Financial Documents Elon Musk's SpaceX is among many alleged culprits behind a seismic crypto market crash on Thursday, which has triggered over $1 billion in liquidations over the past 24 hours. Here's the latest. Bitcoin (BTC)'s sudden co...
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Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations The liquidation event saw one trader lose $55.9 million, while another saw $10 million worth of hedged positions get liquidated.
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Bitcoin Perpetual Funding Rates Crash as Price Slide Puts Short Volatility Bets at Risk Funding rates tanked on several exchanges, indicating a steep discount in bitcoin perpetual futures.
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FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million. With motion hearing scheduled...
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Bitcoin Price Prediction as Tether Discontinues USDT Support on BTC Blockchain - Will Crypto Prices Keep Falling? Bitcoin (BTC), the largest cryptocurrency globally, has experienced a downward trajectory in recent months, with its price sliding from $28,000 to approximately $26,220 today. This decline can be attributed in part to Te...
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XRP Ruling Needs Appeals Court Review, SEC Says

Coin Desk - 18 Aug 2023 23:13
XRP Ruling Needs Appeals Court Review, SEC Says The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge's ruling that XRP sales through exchanges didn't violate securities law, a day after the judge said the SEC could present i...
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SEI's Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin's latest 13% tumble mirrored a decline in the broader crypto market in the ...
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Tokenization News Roundup: Consolidation Coming

Coin Desk - 18 Aug 2023 21:53
Tokenization News Roundup: Consolidation Coming A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.
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Bitcoin price drops to a two-month low -- Did pro traders benefit? A massive amount of traders were liquidated as the BTC price dropped to $25,300, but was it primarily retail traders that were washed out?
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Curve Crisis Averted, NFT Loans Protocol Now Votes on Next Steps JPEG'd DAO voters are deciding how to account for a $1 million bounty.
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Bitcoin Plunged 11% in Worst Week Since FTX's Collapse. What's Next for BTC's Price? BTC slipped below $26,000 amid the crypto market mayhem.
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Things in Crypto We're Freaking Out About

Coin Desk - 18 Aug 2023 20:48
Things in Crypto We're Freaking Out About With a nod to Sam Bankman-Fried, CoinDesk staff crowdsource their fears, anxieties and disappointments -- for your enjoyment!
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Price analysis 8/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, LTC Bitcoin and most major altcoins are reeling under intense selling, and charts suggest that the market sell-off is not complete.
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Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across sever...
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OpenSea NFT Marketplace Implements Changes to Creator Fees and Royalty Rules - Here's What You Need to Know The major non-fungible token (NFT) marketplace OpenSea has implemented changes that makes creator fees optional for new collections. Specifically, the OpenSea said it would retire the Operator Filter, which functioned as...
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Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs). In a Thursday blog post...
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XRP Price Prediction as Judge Torres Grants SEC's Ripple Case Appeal Process - Will XRP Fall to 1 Cent? While XRP is trading more than 16% up from Thursday's lows and is back to the north of its 200DMA and the psychologically important $0.50 level, the world's fifth-largest cryptocurrency by market capitalization continues...
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North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this yea...
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Saying Goodbye to The Airdrop

Coin Desk - 18 Aug 2023 18:30
Saying Goodbye to The Airdrop But CoinDesk is not abandoning Web3 content.
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