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Cryptocurrency News

Location American Cryptocurrency News for 17 August 2024
Dubai Court Recognizes Cryptocurrency for Salary Payments In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal appro...
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Milton Friedman on Inflation: A Government-Made Disaster Inflation is not a natural phenomenon but a consequence of government actions. Milton Friedman famously argued that only the government can create inflation, and misguided policies, like price controls, worsen the proble...
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JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in Septe...
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Eric Trump Interview Teases 'Digital Real Estate' Crypto Venture Eric Trump, son of former President Donald Trump, recently shed some light on the mysterious crypto project that he and his brother, Donald Trump Jr., have been hinting at. In an exclusive interview with the New York Pos...
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Gold's Bull Run Inspires Bitcoin Forecasts: Insights From Fred Krueger and Jack Mallers Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar traje...
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Holonym Foundation Emerges With $5.5 Million Seed Funding to Provide Global Digital Personhood With Human Keys PRESS RELEASE. 17th August, 2024: Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed fu...
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Bitcoin ETFs See $36M Inflows as Ethereum Funds Shed $15M Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum ...
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Why is Solana's Dogwifhat (WIF) memecoin crashing?

Coin Telegraph - 17 Aug 2024 20:13
Why is Solana's Dogwifhat (WIF) memecoin crashing? WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
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Microstrategy's Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly...
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Pandemic Fears Ignite as Mpox Outbreak Leads to High-Stakes Betting on Polymarket Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of internat...
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IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher...
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Bitcoin Spot ETFs gain investor interest despite August outflows The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in these investment vehicles.
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Zimbabwe Central Bank Denies Forced Remittance Conversion Claims The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans ...
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US Marshals likely selling Silk Road Bitcoin, says lawyer The lawyer's claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.
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Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind's Death A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed repor...
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Clay County Intensifies Efforts Against Cryptocurrency Scams The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies l...
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Bitcoin $59K price may swing 'drastically' amid election year parallels If Bitcoin follows the same pattern as previous election years, August will be "nothing crazy," but a breakout may occur within a month or two, according to a crypto analyst.
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Remembering Hal Finney's Vision: The 20th Anniversary of Reusable Proofs of Work This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to ...
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Advisor holdings in Bitcoin ETFs rise, hedge fund stakes dip -- Coinbase Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that "large inflows" might not be seen immediately due to the slow summer period in the United States.
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Crypto-Stealing Malware 'Styx Stealer' Exposed by Hacker's Critical Mistake Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new feat...
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Binance Goes Live in India: Full Access for Indian Users Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure ...
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21shares' Toncoin ETP Reaches Over $100 Million in Assets Under Management 21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $3 billion for its customers, cel...
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