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Cryptocurrency News

Location American Cryptocurrency News for 3 September 2024
Coinbase Legal Chief Criticizes SEC's Vague Position on FTX Plan -- Says Investors Deserve 'Way Better' Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Alth...
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How much Bitcoin does the average whale hold?

Coin Telegraph - 3 Sep 2024 23:19
How much Bitcoin does the average whale hold? Bitcoin addresses with balances between 1,000 and 10,000 BTC hold the largest share, 24.17%, of the total BTC supply.
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UN Raises Human Rights Concerns in Telegram Founder Pavel Durov's Case The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international huma...
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Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.
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Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.
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DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40% Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
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Altcoin Season Chatter Heats up on X, While Index Indicates It's Still Far Off Just ten days ago, Bitcoin.com News highlighted blockchaincenter.net’s Altcoin Season Index (ASI), which was sitting at a modest 22 out of 100. Fast forward to Sept. 3, 2024, and despite all the buzz about the elusive ...
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Bitcoin falls alongside stocks following Bank of Japan rate hike comments Bitcoin opens the week in the red as comments from the Bank of Japan and a sharp sell-off in equities markets negatively impact BTC price.
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Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial inte...
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Bitcoin network hashrate reaches new all-time high

Coin Telegraph - 3 Sep 2024 22:57
Bitcoin network hashrate reaches new all-time high Bitcoin network difficulty, a closely related yet separate metric, is also at historically high levels and currently sits at 89.4 trillion.
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How Decentralized AI and Zero-Knowledge Proofs Will Democratize Compute AI is at risk of the same centralization seen in earlier editions of the internet. But another way is possible, say Mahesh Ramakrishnan and Vinayak Kurup.
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Report: Central Bank Gold Demand Surges in July Amid Rising Prices Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights ...
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21.co launches Bitcoin wrapper on Ethereum

Coin Telegraph - 3 Sep 2024 21:29
21.co launches Bitcoin wrapper on Ethereum It aims to bring institutional-grade security to wrapped BTC.
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WSPN Secures $30M Seed Funding, Former Visa President Joins Board WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a significant milestone in its mission to revolutionize the stablecoin market. The company has re...
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Why 'Universal Basic Compute' Is a Solution to Economic Inequality And how DePIN networks could make it possible, according to Mark Rydon, Co-Founder of Aethir.
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Russian Foreign Minister States Barter Trade Is Under Consideration for Bilateral Settlements With China Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lul...
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Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 Bitcoin.
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Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.
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Why the SEC Is Wrong About NFTs

Coin Desk - 3 Sep 2024 20:12
Why the SEC Is Wrong About NFTs The SEC's Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of "Creators Take Con...
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Institutional DeFi Needs a BUIDL Moment

Coin Desk - 3 Sep 2024 19:55
Institutional DeFi Needs a BUIDL Moment The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.
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Aave, Sky float partnership to bridge DeFi, TradFi

Coin Telegraph - 3 Sep 2024 19:34
Aave, Sky float partnership to bridge DeFi, TradFi The plan would create markets for DAI-replacement USDS on Aave.
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Report Disputes EIP-1559's Role in Ethereum's 'Ultrasound Money' Narrative Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan's insights aim to clarify the transaction fee mechanism introduc...
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