Author: Tony Pearce
BTC Trading Volume Falls to Lowest Level Since October 2020
Reading Time: < 1 minute In August, the trading volume of BTC on centralized platforms fell to its lowest level since October 2020, amounting to $423 billion.
Bitcoin Will Reach $150,000: Expert
Reading Time: < 1 minute Ric Edelman, the founder of Edelman Financial Engines, believes that by the summer of 2025, the price of Bitcoin could reach $150,000.
Phishing Scheme Targeting MetaMask Users is Discovered
Reading Time: < 1 minute MetaMask users must be wary of fraudsters as they are using government URLs from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other countries to deceive them and steal their assets.
Metaverse Market Size Will Reach $800B Next Year
Reading Time: < 1 minute According to METAV.RS, the metaverse industry is projected to reach a capitalization of $800 billion in 2024, which translates to a growth of 1,600% from the current $47 billion.
Outflow from Crypto Funds Slows Down: Report
Reading Time: < 1 minute From August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
Ethereum Co-founder Vitalik Buterin Sells $580K in MakerDAO Tokens
Reading Time: < 1 minute After Rune Christensen proposed launching MakerDAO on the Solana blockchain, Ethereum co-founder Vitalik Buterin sold 500 MKR tokens for 353 ETH (~$579,000 at the moment).
More Than 50% of Turkish Residents Own Crypto: Survey
Reading Time: < 1 minute By 2022, the percentage of the Turkish population owning cryptocurrencies had risen to 40%.
Tom Lee: Bitcoin Will Soar to $185,000
Reading Time: < 1 minute Tom Lee of Fundstrat has told that the cost of the leading digital currency, Bitcoin, could reach $150,000 once exchange-traded crypto funds ETFs are allowed to be focused on the spot price of the currency.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minute The company, registered in the Bahamas, Britannia Bank, is its new partner through whom dollar transactions will be done in response to heightened regulations by the US and European Union on the movement of digital currency.
SEC Classifies NFTs as Investment Contracts
Reading Time: < 1 minute The US Securities and Exchange Commission (SEC) has alleged that Impact Theory violated federal securities laws by selling investments in the form of unregistered non-fungible tokens (NFTs) under the name Founder’s Keys.
CoinSwitch Lays Off Third of Employees from its Support Team
Reading Time: < 1 minute CoinSwitch, an India-based cryptocurrency exchange, has laid off 44 of its 126 customer service department employees.
Hong Kong Arrests Users for Laundering $15M Through Crypto
Reading Time: < 1 minute Hong Kong police have reportedly made 458 arrests in 314 money laundering cases involving approximately $60 million, of which a quarter is related to digital assets.
Binance Launches a Solution for Institutional Clients
Reading Time: < 1 minute Binance has launched the MirrorX OTC settlement solution.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minute Lucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
US Presidential Candidate Francis Suarez Says Will Accept Salary in BTC
Reading Time: < 1 minute US Republican presidential candidate and Miami Mayor Francis Suarez has declared that if he were to win the election, he would be willing to take part of his salary in Bitcoin.
Coin Center Sends Comments to US Senate on Crypto Taxation
Reading Time: < 1 minute In response to a request from the US Senate Finance Committee, Coin Center provided proposals for the taxation of digital assets.
Aptos Launches a Flexible Token Standard
Reading Time: < 1 minute The developers of Aptos (APT) have officially unveiled their new Digital Asset (DA) standard tokens.
BTC Crash Leaves Only 12% of Speculators’ Coins in Profit: Report
Reading Time: < 1 minute An analysis conducted by Glassnode found that 88.3% of short-term investors have now become “unprofitable” due to Bitcoin’s biggest dip of the year so far by 7.2%.
Relative Strength Indicator Hits 2020 Records
Reading Time: < 1 minute On March 20, 2020, the Relative Strength Index (RSI) on the Bitcoin chart on CoinDesk showed a sharp change in prices with the cryptocurrency exchange rate at $4,000 due to the COVID-19 pandemic.
Bitget Announces Introduction of Mandatory KYC
Reading Time: < 1 minute Beginning on September 1, cryptocurrency exchange Bitget is modifying its requirements for KYC verification.
Bitcoin Funds Record Outflow of Funds
Reading Time: < 1 minute CoinShares analysts estimated that $55.4 million was withdrawn from cryptocurrency investment products from August 12 to 18, a notable contrast to the $28.5 million inflow during the previous week.
Mantle Stops Token Migration Due to FTX
Reading Time: < 1 minute The BitDAO and L2 project Mantle Network announced in May a merger to create a single ecosystem under the BitDAO brand.
Vitalik Buterin Receives Residence Permit in Taiwan
Reading Time: < 1 minute Vitalik Buterin, co-founder of Ethereum, was presented with Taiwan’s “golden card”, which provides him unrestricted entry into the country and the privilege of remaining in the country for more than 180 days.
A Bitcoin Wallet Moves 1,005 Bitcoins
Reading Time: < 1 minute On August 14, a blockchain researcher named Kirill Kretov drew attention to a transaction involving 1005 BTC mined in 2010, which had been credited to its original wallet 13 years ago.
South Korean Metaverse ZTX Attracts $13M
Reading Time: < 1 minute Zepeto, in collaboration with venture capital firm Jump Crypto, has raised $13 million in seed funding for their ZTX metaverse project.
