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Cryptocurrency News

Location American Cryptocurrency News for 11 August 2024
Connecticut Police Recover $63,500 in Cryptocurrency Scam Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, r...
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SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongo...
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Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JP...
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CFTC Pays $1M to Whistleblower in Digital Asset Case The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are...
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Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally v...
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Putin Signs Law to Regulate Crypto Mining in Russia

Bitcoin.com - 11 Aug 2024 02:30
Putin Signs Law to Regulate Crypto Mining in Russia Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework fo...
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From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history, sliding below $38 per PH/s. I...
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Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non...
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Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily de...
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Traders hope $60K Bitcoin price boosts momentum in ETH, SUI, TAO and NOT Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.
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Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broad...
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Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction marke...
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Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14 Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty Faces Estim...
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Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price BTC price expectations demand a trip below $60,000 before upside continuation, but a market top and bottom metric says the worst is over.
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150,000 Ether Floods Liquid Staking Platforms in 27 Days In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world...
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4 years in, MicroStrategy's Bitcoin gamble beats Warren Buffett's warning MicroStrategy's stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat.
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Kiyosaki on Market Crash, Crypto for Harris, and More -- Week in Review Robert Kiyosaki declared that the much-anticipated market crash has arrived, emphasizing the significant losses and highlighting it as an opportunity for investors to buy assets like gold, silver, and bitcoin at lower pr...
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Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stableco...
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Speed Launches USDT-L, Tether's First Iteration on Top of Bitcoin's Lightning Network Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes ad...
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SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu...
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BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody BitGo claims the move of its Wrapped Bitcoin business will make it the world's first "multi-jurisdictional and multi-institutional custody."
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Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype A professor at Cornell University's Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, c...
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