Crypto mining firm Core Scientific has reached a settlement with lending company Celsius Network, agreeing to sell a $45-million mining data center to Celsius for $14 million in cash to settle their legal battle.
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The new Holešky testnet was launched, with an initial supply of 1.6 billion Ether (HETH), making it potentially more accessible than the older Goerli network and expected to be used for staking, infrastructure, and protocol development.
Shiba Inu's layer-2 blockchain Shibarium has seen a significant increase in interacting wallet addresses, surpassing 48,000, and has achieved positive results in transaction count and block production, recording its highest daily transactions at 100,905.
The U.S. Department of Justice believes that FTX founder Sam Bankman-Fried's proposed jury questions are unnecessarily intrusive and potentially intended to support his defense in the trial.
Despite a surge in network activity, Dogecoin's price remains stagnant, potentially due to the influence of Bitcoin's volatility, a decline in transactions executed by DOGE holders, and a decrease in large-scale transactions. As a result, some investors are turning their attention to Golden Inu, a newcomer in the memecoin space that has experienced a significant increase in interest and engagement after its listing on CoinGecko. Furthermore, Golden Inu's upcoming play-to-earn game, Golden Inuverse, is expected to drive further interest and potentially boost the value of its native token, $GOLDEN.
BitGo and Swan Bitcoin have announced plans to create the first Bitcoin-only trust company in the United States, pending regulatory approval, offering Bitcoin custody, administration, and management services without the risks associated with other altcoins.
BNB, the cryptocurrency linked to Binance, dropped to a one-year low of $204 due to regulatory scrutiny, including allegations that Binance helped Russian users move money abroad and rumors that they are selling bitcoin to support BNB's price, while a distressed BNB-secured loan and a potential liquidation added to the token's downward pressure.
Notorious North Korean hacking group Lazarus, which has been increasingly active, is responsible for five major crypto hacks in the past three months, including the recent $54 million hack of global cryptocurrency exchange CoinEx, bringing their total theft to almost $240 million in just 104 days, according to a report by blockchain surveillance firm Elliptic.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
Rumors are circulating that asset manager BlackRock is considering a shift in its digital asset investment strategy from Bitcoin to XRP, but there is no evidence to support these claims at this time.
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Google Bard, an artificial intelligence bot, predicts that the lowest price Bitcoin could reach in 2023 is $20,759, based on analyses by financial experts, with some projecting even lower at $12,000 and others more bullish at $30,000 or higher. Factors such as sticky inflation drivers, increased regulatory scrutiny, and potential catalysts like institutional adoption and the launch of a Bitcoin ETF could influence Bitcoin's price in the coming months.
Coinbase's layer-2 scaling solution Base set a new daily transaction record with over 1.8 million transactions, surpassing the combined total of its rivals Arbitrum and Optimism.
Grayscale CEO Michael Sonnenshein celebrates the court victory over the SEC and anticipates converting Grayscale Bitcoin Trust into a Bitcoin ETF, potentially boosting crypto markets with billions in liquidity.
Binance CEO Changpeng Zhao denies speculation surrounding the departure of Binance.US CEO Brian Shroder, stating that he is taking a break following a successful tenure at the company amid lawsuits from the SEC and CFTC, and assures that Binance has no liquidity issues.
Binance customers in Europe are facing difficulties with fiat withdrawals due to issues with SEPA transfers, as the exchange has temporarily suspended euro withdrawals and deposits via SEPA while it works to resolve the problem.
Enterprise-focused altcoin VeChain experiences a surge in value following its listing on Coinbase, rising 17.8% in one day, with its associated gas token VeThor also increasing by 85% after the news.
CoinDesk, a leading news outlet on cryptocurrency and digital assets, has updated its privacy policy, terms of use, cookies, and "do not sell my personal information" section; it operates independently as a subsidiary of Digital Currency Group and adheres to strict journalistic standards.
Billionaire Mark Cuban lost around $870,000 in a crypto wallet hack, prompting Binance CEO Changpeng Zhao to urge the community to prioritize crypto security. Cuban managed to prevent further losses by moving his remaining assets to Coinbase before the attacker could seize them.
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Three central banks, including the Hong Kong Monetary Authority and the National Bank of Kazakhstan, are beta-testing new systems to interlink central bank digital currencies (CBDCs) with the help of SWIFT's new interoperability solution.
The investment fund associated with decentralized exchange aggregator 1inch accumulated $10 million worth of Ethereum over the weekend, according to blockchain tracker Lookonchain.
Despite a recent surge, Solana (SOL) is still in a downtrend according to an analyst, who warns that the cryptocurrency's rally has consistently resulted in lower highs. The analyst suggests accumulating SOL below $20, and highlights the impact of bankrupt crypto exchange FTX's liquidation of its massive Solana holdings on SOL's price. Another investor remains long-term bullish on SOL despite FTX's holdings, noting that all coins have flaws and continue to reach new all-time highs.
Sam Bankman-Fried, founder of FTX, plans to argue that he acted in "good faith" based on the advice of lawyers as part of his defense strategy for his upcoming criminal trial relating to alleged fraudulent schemes.
Dubai-based cryptocurrency exchange JPEX blames third-party market makers for "maliciously" freezing funds, leading to a liquidity crisis necessitating higher withdrawal fees and suspended operations.
Crypto exchange Binance has announced plans to gradually wind down support for its Binance USD (BUSD) stablecoin, encouraging users to convert their holdings into other assets, including a newly listed stablecoin, First Digital USD (FDUSD). This decision aligns with Paxos' plans to end BUSD redemption by February 2024.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Hong Kong-based cryptocurrency exchange HashKey is set to offer Bitcoin and Ether trading services to retail customers after receiving regulatory clearance from the country's Securities and Futures Commission. Retail investors will be limited to investing 30% of their net worth in cryptocurrencies on the platform.
The Bitcoin price may drop to as low as $21,750 in the coming months, according to technical and fractal setups.
The US Securities and Exchange Commission (SEC) may prepare alternative arguments to reject spot bitcoin exchange-traded-fund (ETF) applications despite a recent court ruling favoring Grayscale's attempt to convert the Grayscale Bitcoin Trust into an ETF, according to German investment bank Berenberg. However, the victory for Grayscale potentially increases the chances of the SEC approving one or more spot bitcoin ETF applications, which could have a significant impact on the crypto industry by providing institutional investors with easier market access.
FTX's sale of tokens held by the bankrupt crypto exchange will not cause a market shock, as liquidations are limited and there are strict controls and restrictions in place, according to a research report by Coinbase.
Tech entrepreneur Elon Musk has once again endorsed the meme cryptocurrency Dogecoin, leading to a surge in its value and fueling excitement surrounding the transformation of Twitter into "X," Musk's multifaceted service integrating social media, messaging, and financial transactions.
Bitcoin (BTC) reaches new monthly highs as it breaks $27,000, while traders remain cautious about the surge in open interest and the upcoming Federal Reserve decision on interest rates.
Elon Musk's social media platform, X, has obtained money transmitter licenses in multiple U.S. states, including Rhode Island, indicating plans to expand into payment processing services similar to PayPal or Venmo.
Sam Bankman-Fried, founder of cryptocurrency exchange FTX, wrote a 250-page document while under house arrest, in which he reflects on his situation, including being broke and facing numerous charges, and attempts to justify the collapse of FTX.
Pepe (PEPE), a popular meme coin, is facing allegations of suspicious movements in contract addresses and a potential rug pull, causing panic among community members and a significant decline in price.
The New York Department of Financial Services (DFS) has updated its virtual currency oversight regime and removed over two dozen tokens, including Ripple, Dogecoin, and Litecoin, from its approved "greenlist," leaving only eight tokens, including Bitcoin and Ether, on the list. The updated guidance clarifies the department's expectations for coin-listing and delisting policies, includes heightened risk assessment standards, and requires a token-delisting policy to mitigate the impact on users. DFS has become a leading digital asset supervisor in the absence of comprehensive crypto regulation from Congress.
Bitcoin prices reached above $27,000 for the first time this month, with multiple cryptocurrencies experiencing broad gains, although the reason for the increase is unclear, and low liquidity may be contributing to volatility.
The founders of Tornado Cash, a Russian cryptocurrency mixing service, have been charged with conspiracy to commit money laundering, sanctions violations, and operating an unlicensed money transmitting business. The charges stem from the platform's involvement in over $1 billion worth of alleged money laundering transactions, including funds stolen by a North Korean cybercrime organization.
The decentralized finance (DeFi) landscape is experiencing a significant loss of Total Value Locked (TVL) across major blockchain networks, including Ethereum, Solana, and Cardano, causing unease in the crypto market, while the Base blockchain network shows unexpected growth in TVL.
Defendants Ripple Labs, Brad Garlinghouse, and Chris Larsen, along with the U.S. Securities and Exchange Commission (SEC), have indicated to the court that they will be unavailable for trial in Q2 2024, suggesting that the trial will likely take place after the Bitcoin halving; meanwhile, the XRP price has rebounded as the XRP community remains optimistic about the outcome of the trial.
The relaunch of Shiba Inu's layer-2 scaling solution, Shibarium, has attracted over 50,000 wallets and caused a rally for Bone ShibaSwap, resulting in a 6.6% increase in one day for the altcoin.
The Ministry of Education of El Salvador has partnered with nonprofit Mi Primer Bitcoin to introduce Bitcoin education into the country's public school curriculum by 2024, with the aim of becoming an example for the world and potentially inspiring other nations to implement similar programs.
Bitcoin non-profit ₿trust, funded by Jack Dorsey, has acquired Qala, an organization dedicated to training Bitcoin and Lightning engineers in Africa, with Qala rebranding as the ₿trust Builders Programme and aiming to drive development and education across the Global South.
The price of Shiba Inu (SHIB) has dropped by 3% in the past 24 hours, but indicators suggest that it is due for a rebound, particularly if the relaunch of the Shibarium network is successful, which could result in a steadily rising price for SHIB. Additionally, investors looking for shorter-term gains may consider newer meme tokens like Sonik Coin (SONIK), which has already raised over $400,000 in its presale and aims to reach a market cap of $100 million quickly.
Coinbase has launched a new crypto lending service for institutional clients, offering overcollateralization and secured loans in the wake of the bankruptcies of similar firms Genesis and BlockFi.
Shibarium, the Shiba Inu Layer 2 solution, is preparing to go public with exciting updates and enhancements, including a new monitoring system, additional fail-safes, and a revamped testnet explorer called Puppyscan.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors delivered four million pages of documents for him to examine six weeks before trial, making it impossible for him to adequately review the evidence from prison. Bankman-Fried is accused of intentionally deceiving customers and investors and playing a central role in the collapse of his company. His lawyers have requested his release to prepare for trial.