Cryptocurrency

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.

2 Aug 2024

Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain

Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]
The post Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain appeared first on CryptoSlate.

2 Aug 2024

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

2 Aug 2024

Make America Mine Again: How Donald Trump’s Plan for U.S. Bitcoin Dominance Could Trigger a New Digital Gold Rush

The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.

2 Aug 2024

Protocol Village: Arthur Hayes Releases NFT Collection ‘Airheads’ on Bitcoin Ordinals

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

2 Aug 2024

CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.

2 Aug 2024

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

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2 Aug 2024

Crypto Exchange Bybit Withdraws From France in Response to Regulations

It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.

2 Aug 2024

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

2 Aug 2024

Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire

The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.

2 Aug 2024

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.

2 Aug 2024

Kamala Harris Can’t Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.

2 Aug 2024

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report

Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus.

2 Aug 2024

Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

2 Aug 2024

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator.

2 Aug 2024

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.

2 Aug 2024

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.

2 Aug 2024

Tether’s Record Profits, Cantor Goes Crypto, UK Crypto Reforms

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

2 Aug 2024

VIP Trading Competition Round 2 Winners

All hail to our Top VIPs! See if you made it to the VIP Trading Competition Leaderboards and bagged a share of the 5,400 USDT rewards pool!

2 Aug 2024

Bitcoin as a Strategic Reserve

Over the weekend, former U.S. President and current Republican nominee Donald Trump and a number of lawmakers spoke at the Bitcoin Nashville conference. The biggest piece of news everyone has been talking about was Trump and Sen. Cynthia Lummis' propos...

2 Aug 2024

Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s Estimates

The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.

1 Aug 2024

Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume

Coinbase (COIN) reported second-quarter earnings on Thursday.

1 Aug 2024

MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500

MicroStrategy reported second-quarter earnings on Thursday.

1 Aug 2024

DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

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1 Aug 2024

EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA

The European Securities and Markets Authority released an opinion report to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.

1 Aug 2024

Crypto Exec Pushing for Industry Support of Kamala Harris for President

The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering ...

1 Aug 2024

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday.

1 Aug 2024

Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago

The bullish news continued on Thursday morning, but sellers remained in control of the market.

1 Aug 2024

Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats

The crypto market pulled back from the first-quarter's record highs during the three-month period.

1 Aug 2024

Crypto for Advisors: Crypto and Politics in the U.S.

The combination of political support, institutional adoption and favorable economic policies sets the stage for a potentially significant upward trajectory.

1 Aug 2024