Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Arthur Hayes Believes Fed is Creating Conditions for Bitcoin to Rise
Reading Time: < 1 minuteArthur Hayes, the former head of BitMEX, has stated his belief that Bitcoin will gain strength due to the capital reallocation out of the US dollar.
Polygon Management Team Says MATIC Was Not Dumped
Reading Time: < 1 minute10.6 million MATIC tokens seemed to have been transferred from two wallets believed to belong to the Polygon Foundation to Binance.
BTC Trading Volume Falls to Lowest Level Since October 2020
Reading Time: < 1 minuteIn August, the trading volume of BTC on centralized platforms fell to its lowest level since October 2020, amounting to $423 billion.
Number of Active Solana Users Falls to Two-year Low
Reading Time: < 1 minuteThe total number of wallets using the Solana network for sending and receiving funds is currently at its lowest mark since autumn 2020, with a recorded drop to 204,000.
Bitcoin Will Reach $150,000: Expert
Reading Time: < 1 minuteRic 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 minuteMetaMask 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.
USDT Issuer Tether Increases its Investment in US Treasuries
Reading Time: < 1 minuteTether has seen a jump in their investments in US treasury bonds in the last four months, rising up the rankings three places to become the 22nd largest holder of such debt.
Metaverse Market Size Will Reach $800B Next Year
Reading Time: < 1 minuteAccording 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 minuteFrom August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
Nigeria is Leader in Digital Currencies Adoption in Africa: Survey
Reading Time: < 1 minuteA ConsenSys and YouGov survey of 15,158 people aged 18 to 65 years from 15 countries revealed that Nigeria is a leader in the adoption of digital currencies on the African continent.
Ethereum Co-founder Vitalik Buterin Sells $580K in MakerDAO Tokens
Reading Time: < 1 minuteAfter 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).
Bitwise Withdraws Application to Launch an ETF Based on Bitcoin and Ethereum
Reading Time: < 1 minuteBitwise has decided to retract their application to launch the Bitcoin and Ether Market Cap Weight Strategy ETF, dated August 3.
More Than 50% of Turkish Residents Own Crypto: Survey
Reading Time: < 1 minuteBy 2022, the percentage of the Turkish population owning cryptocurrencies had risen to 40%.
Changpeng Zhao: DeFi Will Outperform CeFi in Next Bull Market
Reading Time: < 1 minuteChangpeng Zhao believes the DeFi sector has the capacity to exceed Centralized Finance (CeFi) during the next cryptocurrency surge.
Court Dismisses Class Action Lawsuit Against Uniswap
Reading Time: < 1 minuteThe Southern District of New York court dismissed a class action lawsuit against Uniswap Labs, its CEO Hayden Adams, the Uniswap Foundation and venture investors of the decentralized exchange.
Tom Lee: Bitcoin Will Soar to $185,000
Reading Time: < 1 minuteTom 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.
Lufthansa Unveils NFT Initiative on Polygon’s Network
Reading Time: < 1 minute
German airline Lufthansa has created the Uptrip loyalty program based on non-fungible tokens (NFTs) on the Polygon network.
Crypto Bank SEBA Granted Hong Kong Regulator’s Approval
Reading Time: < 1 minuteSEBA Bank, a Switzerland-based licensed cryptocurrency bank, has been granted in-principle approval by the SFC to carry out digital asset-related activities in Hong Kong.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minuteThe 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.
US Congress Proposes Dismissing Gary Gensler
Reading Time: < 1 minuteUS House of Representatives member Warren Davidson has once again called for the removal of Gary Gensler from his post as head of the SEC following a positive court verdict for Grayscale in its conversion of GBTC tokens into an ETF.
SEC Classifies NFTs as Investment Contracts
Reading Time: < 1 minuteThe 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.
South Korean Exchanges Forced to Keep Reserves of at Least $2.3M
Reading Time: < 1 minuteThe Banking Federation of South Korea (KFB) has mandated that cryptocurrency exchanges must maintain at least $2.26 million in reserves in a bank account, starting in September 2023.
CoinSwitch Lays Off Third of Employees from its Support Team
Reading Time: < 1 minuteCoinSwitch, 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 minuteHong 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.
Robinhood Invests More Than $3 Billion in BTC
Reading Time: < 1 minute
According to Arkham Intelligence, the Robinhood Bitcoin wallet is the third largest, holding more than $3 billion worth of cryptocurrency.
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