Robinhood Wallet, a multi-chain Web3 wallet, now supports Bitcoin, Dogecoin, and in-app Ethereum swaps, aiming to simplify DeFi access for everyday users and expand its offerings to a broader audience with over 200 tokens available for swapping.
Cryptocurrency exchange Binance is gradually ending support for its BUSD stablecoin, asking users to convert their BUSD into other assets by February 2023, and delisting it as a loanable asset on September 6, following a regulatory clash with Paxos and ongoing legal issues with US regulators.
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.
Ripple's final victory in its legal battle against the SEC regarding the classification of XRP remains uncertain as both parties indicate their availability for trial in the second quarter of 2024, with a potential trial start date of April 20; meanwhile, the price of XRP has experienced a decline amid market uncertainty.
Coinbase CEO Brian Armstrong shares his top ten ideas for the future of cryptocurrency, including concepts like decentralized stablecoin, on-chain reputation, on-chain ads, and more, encouraging developers to build them during the current bear market.
X, the Elon Musk-owned social media platform formerly known as Twitter, has obtained payments licenses from several U.S. states, indicating plans to support payment processing and cryptocurrency services.
CryptoSlate Alpha is a web3 membership that provides cutting-edge insights and knowledge, and users can access paywalled content by staking ACS tokens through Access Protocol.
The U.S. Securities and Exchange Commission (SEC) has filed a secret motion in its case against Binance, leaving the bitcoin and crypto market on high alert for potential volatility in September.
Digital asset management firm Grayscale expects the U.S. Securities and Exchange Commission (SEC) to approve a bitcoin spot exchange traded fund (ETF) following a recent court ruling in favor of the company.
Shiba Inu's price has declined despite gaining attention on Google Trends due to the launch of Shibarium and the issues it faced, causing a significant bearish trend.
Bitcoin and other cryptocurrencies are facing intense pressure as prices drop and short-term holders offload their assets, signaling a possible capitulation phase and suggesting further downside potential. Additionally, major altcoins like Ethereum, Solana, and Cardano have witnessed a decline in their Total Value Locked (TVL) over the past week, indicating a decrease in popularity and utilization in the decentralized finance (DeFi) ecosystem.
GateHub and XRPL Labs have partnered to enable seamless interaction between XRP Ledger and other networks such as SWIFT, Bitcoin, and Ethereum, allowing for value transfer and increasing convenience and adoption of cryptocurrency payments.
U.S. Federal Reserve Chairman Jerome Powell stated that restrictive monetary policy will continue until inflation slows, and the central bank is prepared to raise rates cautiously; the price of Bitcoin briefly dipped before recovering, while traditional markets saw modest gains.
Major financial institutions like BlackRock, Fidelity Investments, and VanEck applying for Bitcoin exchange-traded funds (ETFs) is a strategic marketing move that is reshaping the narrative of Bitcoin and boosting its credibility as a mainstream asset class in the eyes of seasoned financiers.
The US Securities and Exchange Commission (SEC) has postponed its decision on three Bitcoin exchange-traded fund (ETF) applications from WisdomTree, Invesco, and Valkyrie, with new deadlines set for October.
PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.
The United States Securities and Exchange Commission (SEC) has delayed BlackRock's application for a Bitcoin exchange-traded fund (ETF), pushing the decision deadline to October 17th.
BlackRock's entry into the crypto space with its application for a Bitcoin exchange-traded fund (ETF) marks a significant turning point that dispels the notion of cryptocurrencies as a passing trend, signaling the growing institutional interest in Bitcoin and the crypto industry.
XRP is approaching its third bullish golden cross in history, which could lead to significant price surges, according to popular analyst Egrag Crypto.
The U.S. Treasury Department's new proposal on digital asset taxes is facing criticism from the crypto industry, as it may capture decentralized operations that are difficult to comply with, although it may also provide a clear path for crypto investors to file their taxes.
Bitcoin's value dropped 4.91% to $25,957, losing $1,341, while the price of Ether, a coin linked to the ethereum blockchain network, also declined.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MJLXMSLBBRMCXJG7J3OABFMRHA.jpg)
Coinbase has announced its plans to list PayPal's stablecoin, PYUSD, becoming the second major U.S.-based exchange to embrace the digital asset and signaling the rapid mainstream acceptance of the stablecoin.
FTX co-founder Sam "SBF" Bankman-Fried could pay his expert witnesses over $1,000 an hour to testify on his behalf at his upcoming fraud trial.
Bitcoin's spot trading volumes for the current quarter have been significantly lower compared to previous quarters, potentially indicating a decline of around 14% month over month, while Ethereum's trading volumes are also at a level not seen since 2019, suggesting a similar trend for the cryptocurrency.
Bitcoin drops below $26,000 as market awaits central bankers' meeting at Jackson Hole, BNB hits lowest level in over a year due to regulatory and legal pressure, and Australia delays decision on central bank digital currency (CBDC) due to unresolved issues.
Popular trading platform Robinhood has agreed to repurchase $605.7 million in stock previously owned by Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, in a deal approved by the U.S. District Court for the Southern District of New York.
The University of Cambridge has updated its Bitcoin Electricity Consumption Index (CBECI), revealing that previous estimates of Bitcoin's energy consumption were greatly overestimated, with the revised model estimating a lower electricity consumption of 89 terawatt-hours (TWh) in 2021 compared to the previous estimate of 104 TWh, and a downward adjustment of 9.8 TWh in the 2022 power estimate.
Bitcoin (BTC) continues to experience losses as the "Grayscale hype" disappears and selling pressure remains strong, with predictions of further downside to around $23,000 and a potential relief rally topping out at $27,200, while U.S. dollar strength adds to the pressure on BTC price.
XRP has lost over 44% of its gains following Ripple Labs' partial victory in its lawsuit with the SEC, leading to speculation that the SEC-induced momentum has ended.
The United States Internal Revenue Service (IRS) has proposed regulations that would require brokers to report the sale and exchange of digital assets using a new form, aiming to simplify tax filing and reduce tax fraud. The proposed regulations align digital asset reporting with reporting on other types of assets, and it is part of the Biden administration's implementation of the Infrastructure Investment and Jobs Act. The proposed rules are expected to go into effect in 2026 and have received mixed reactions from industry advocates and lawmakers.
Bitcoin could potentially experience a significant increase of 10% to 20% if a spot BTC exchange-traded fund (ETF) is approved in the United States, according to analyst DonAlt, who believes the chances of approval are close to 100%.
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable, as major financial institutions backing BTC investment vehicles represent a shift in how retail investors can access crypto. The SEC has 45 days to approve, deny, or delay ETF applications from 7 major firms.
MakerDAO co-founder Rune Christensen has stated that the platform's forthcoming native blockchain, called NewChain, should be built using the codebase of Solana (SOL), citing its technical quality and resilience. However, some members of the community have pushed back against this idea, suggesting alternatives such as EVM-based rollups or deploying a chain on a layer 2 solution.
Tech-focused asset manager Ark Invest has identified several companies, including Replit and Twilio, as promising investment opportunities in the field of artificial intelligence, cautioning against the assumption that large-cap tech stocks will be the biggest beneficiaries of the AI revolution due to their high valuations and risk of disruption.
A solo miner with limited computing power defied the odds and won a 6.25 bitcoin block reward worth $162,000, despite the increasing difficulty of mining.
The copyright notice states that the content is owned by Dow Jones & Company and is intended for personal, non-commercial use only.
Elon Musk's tweet declaring X as a "dog & Doge friendly place" has implications for Dogecoin's price trajectory, as his influence and integration of the meme coin on X strengthens its connection with followers and raises hopes for it becoming a payment method on the platform.
Nvidia warns that stronger US restrictions on chip sales to China will harm American companies in the long term, while also acknowledging that stricter rules wouldn't have an immediate material impact on their finances.
Bitcoin is projected to reach levels of $200,000 or even $1 million in the future, with growing institutional interest and limited supply driving its bullish trajectory, according to industry experts.
Ripple's XRP price has declined and is at risk of closing below the $0.55 support area, indicating a bearish trend, although a close above this level could lead to a bullish reversal.
Collapsed crypto exchange FTX's new management is potentially planning to sell its large holdings of Solana (SOL) cryptocurrency, prompting Solana co-founder Anatoly Yakovenko to suggest distributing the SOL to ex-FTX customers as a "win-win" solution.
Glassnode and Ark Invest have collaborated to develop a new economic metric for the Bitcoin network called Cointime Economics, which offers a suite of analysis tools and metrics to improve valuation models and measure the network's dynamics. The metric focuses on coinblocks created, destroyed, and stored, and provides a consistent framework for measuring Bitcoin's economics.
