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Cryptocurrency News

Location American Cryptocurrency News for 10 August 2024
Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH's Black Monday Flash Crash Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop i...
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Harris campaign's crypto 'reset' questioned amid Fed crackdown Critics argue that the US Federal Reserve's actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
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Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compli...
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Economist Art Laffer Slams US Economic Policies, Warns of Dollar's Decline as Global Reserve Currency Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dol...
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Solana Gains Ground on Ethereum and Bitcoin in 2024

Bitcoin.com - 10 Aug 2024 23:30
Solana Gains Ground on Ethereum and Bitcoin in 2024 Over the past week, there’s been a buzz among market watchers about solana’s performance against BTC, especially when compared to ether. Since the year kicked off, ether has tumbled over 20% against the leading crypt...
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Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff The assets in question were evidently given to Tether as collateral.
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IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reporte...
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Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. B...
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Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involv...
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QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift...
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Nigerian activist receives local support in legal fight to use crypto This lawsuit comes amid the Nigerian government's increasingly hostile stance toward cryptocurrencies.
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NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp d...
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Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercrimina...
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Okx Says Accounts Interacting With Tornado Cash Will Be Closed According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanc...
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VC firms are slowing down crypto investments for a 'nuanced reason' -- Venture Capitalist Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on "breakout trends" rather than "moonshots."
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Milei's Government Creates 'Minority Report' AI Unit to Predict Crimes in Argentina The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they ...
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Pip World Buys Roblox Stock Simulator Game for Undisclosed Price Stockrise, Roblox's highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assess...
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Robinhood Reports 161% Surge in Q2 Crypto Revenue

Bitcoin.com - 10 Aug 2024 05:30
Robinhood Reports 161% Surge in Q2 Crypto Revenue Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key ...
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Bitcoin bull-bear cycle indicator flips bullish as price holds $60K The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.
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Global Asset Freeze Targets Fugitive 'Cryptoqueen' and Onecoin A London high court has announced a global asset freeze targeting Onecoin's co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. T...
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