Cryptocurrency

VC Roundup: Crypto fundraising grows, but investors are more wary

This edition of Cointelegraph’s VC Roundup features Parfin, Andrena, Blockscout, and Cartridge.

16 Aug 2024

Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans

MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value […]
The post Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans appeared first on CryptoSlate.

16 Aug 2024

Germany Federal Office urges use of hardware wallets as crypto theft rises

Germany’s Federal Office for Information Security (BSI) advised crypto users to secure their digital assets with hardware wallets. In the LinkedIn post, the authorities declared hardware wallets the most secure method for storing digital assets, explaining that these devices can help to keep a user’s private cryptographic keys in offline or “cold” storage. This offline […]
The post Germany Federal Office urges use of hardware wallets as crypto theft rises appeared first on CryptoSlate.

16 Aug 2024

Bitcoin’s Programmability Draws Closer to Reality as Robin Linus Delivers ‘BitVM2’

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16 Aug 2024

Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.

16 Aug 2024

CoinDesk 20 Performance Update: UNI leads with 3.8% Gains as Index Rises

Twelve assets in the CoinDesk 20 Index gained, with ADA joining UNI among the largest advancers.

16 Aug 2024

Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports

Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.

16 Aug 2024

First Mover Americas: Crypto Trades Little Changed Following Thursday’s Slide

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

16 Aug 2024

Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time

BlackRock is now the largest holder of the two assets in publicly traded funds.

16 Aug 2024

Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool

Flexa Components will allow retailers to accept crypto payments like USDC at the point of sale.

16 Aug 2024

Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says

“Every time ETH gas fees have dropped to rock bottom, it has often signaled a price bottom in the mid-term,” one market watcher said.

16 Aug 2024

Justin Sun Bets on Memecoins With Tron-Based Token Generator

Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump.

16 Aug 2024

South Korea’s Pension Fund Snaps Up Nearly $34M MicroStrategy Shares

South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.

16 Aug 2024

Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees

Filings show he has over $1 million in Ether.

16 Aug 2024

Learn & Earn PlatON ($LAT) Winners

Congratulations to the 50 lucky winners of 1,200 LAT each in the Learn & Earn: PlatON Edition! Rewards will be credited to winners’ Coins accounts by August 23, 2024.

16 Aug 2024

NYSE Scrubs Plan to List Bitcoin ETF Options

Other exchanges have also withdrawn their applications, but some have re-filed.

16 Aug 2024

YGG Acquires 10XME, Grayscale Inv MKR, El Salvador’s Bitcoin City

Be updated on all things crypto today with Crypto ATBP., your weekly crypto news round-up.

16 Aug 2024

What’s Next in SEC v. Ripple?

While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited.

16 Aug 2024

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.

15 Aug 2024

Schumer Sets Stage for New Era of U.S. Crypto Politics

Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, or would do about it if elected.

15 Aug 2024

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.

15 Aug 2024

Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.

15 Aug 2024

Crypto for Advisors: Crypto Volatility and Market Conditions

During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.

15 Aug 2024

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them

The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christopher Perkins, president of CoinFund.

15 Aug 2024

Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

15 Aug 2024

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).

15 Aug 2024

Latin American Exchange Bitso Taps Coincover for Security Services

Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.

15 Aug 2024

CoinDesk 20 Performance Update: LTC and ICP Take the Lead as Index Inches Higher

Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.

15 Aug 2024

Wall Street Agrees Crypto Is ‘Clearly’ A Huge Election Issue, But Still Divided on Who Is Best for Industry

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Ova...

15 Aug 2024

Top Crypto Startup Drove Other Projects’ Airdrops to Its Employees

Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest.

15 Aug 2024