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Cryptocurrency News

Location American Cryptocurrency News for 5 August 2024
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates t...
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Bitcoin crashes below $53K wiping out $600M in leveraged longs A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.
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Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says Saudi Arabia's emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that ...
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Swan Bitcoin cancels conference amid staff reduction, mining shutdown According to Swan Bitcoin CEO Cory Klippsten, "it just doesn't feel like the right time for a festival" after the firm announced staff cuts in July.
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Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FO...
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US government transfers 300 ETH -- Arkham Intelligence

Coin Telegraph - 6 Aug 2024 00:20
US government transfers 300 ETH -- Arkham Intelligence The 300 Ethereum coins were transferred from a wallet identified as "Noman Seleem Seized Funds" by the onchain analytics firm.
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Crypto market's 'perfect storm' can lead to further massive capitulation A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
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Crypto market's 'perfect storm' can lead to further massive capitulation A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
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TOKEN2049 Singapore Set to Be World's Largest Web3 Event With 20,000 Attendees And Over 500 Side Events PRESS RELEASE. SINGAPORE -- 5th August, 2024 -- TOKEN2049, the world's largest crypto event, announced its first batch of headline speakers and prominent title sponsors ahead of its eagerly anticipated return to Singapor...
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Europe's fourth largest hedge fund put nearly $500M in Bitcoin ETFs -- Filing Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.
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Ethereum price recovery from 8-month low could take longer than expected -- Analysts Several factors accelerated ETH's drop to $2,100, and analysts warn that the recovery could take some time.
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Goldman Sachs Raises US Recession Risk to 25%

Bitcoin.com - 5 Aug 2024 23:10
Goldman Sachs Raises US Recession Risk to 25% Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in un...
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Is Bitcoin Still a Store of Value?

Coin Desk - 5 Aug 2024 22:57
Is Bitcoin Still a Store of Value? It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.
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Justin Sun denies liquidation rumors amid market turmoil Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.
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Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. "We’re proud to announce we have successfully passported our banking license i...
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Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.
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Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.
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DePIN and Machine Data Can Change Web3

Coin Desk - 5 Aug 2024 21:09
DePIN and Machine Data Can Change Web3 DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol.
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Final 24 Hours of 99Bitcoins Token's Presale Underway as Crypto Education Giant Raises $2.6M 99Bitcoins is making its move into tokens – but time is running out. They’ve already pulled in over $2.6 million through the presale for their new 99Bitcoins Token (99BTC). And with a Learn-to-Earn model set to debut...
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Bitcoin bulls were obliterated, but is it time to catch the falling knife? Bitcoin derivatives show traders' morale is low, weakening the odds of a 20% rise from the $49,320 BTC bottom.
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'Yen Carry Trade' Blamed for Global Market Rout, Jump Crypto's ETH Sale Worsens Ether Plunge The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts...
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Bitcoin analyst sees seller 'exhaustion' as BTC price rebounds 10% Bitcoin sellers run out of steam and BTC price strength returns at the Wall Street open as US stocks initially avoid copying the fate of their Asian counterparts.
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