The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Bitcoin miner centralization threatens Bitcoin, but former President Donald Trump’s pledge to slash energy prices can ensure its decentralization.  Bitcoin mining pools, the majority of Bitcoin mining being done, appear to be centralized in China around a handful of entities—with Chinese mining […]
The post Bitcoin mining is in peril, but Trump can save it by keeping this campaign promise appeared first on CryptoSlate.

Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by […]
The post Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases appeared first on CryptoSlate.

Franklin Templeton has filed an S-1 application with the US Securities and Exchange Commission (SEC) to launch a crypto index exchange-traded fund (ETF). According to the Aug. 16 filing, the proposed fund — dubbed “Franklin Crypto Index ETF” — aims to offer investors exposure to the performance of Bitcoin and Ethereum through a regulated financial […]
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Onchain Highlights DEFINITION: Implied Volatility is the market’s expectation of volatility. Given the price of an option, we can solve for the expected volatility of the underlying asset. Formally, implied volatility (IV) is the one standard deviation range of the expected movement of an asset’s price over the course of a year. Viewing At-The-Money (ATM) […]
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Onchain Highlights DEFINITION: The total amount of coins transferred from miners to exchange wallets. Bitcoin miners have reduced their transfer activity to exchanges significantly in 2024, as illustrated by the decline in the orange line on the chart. This trend continues a broader pattern observed over the past decade. Historically, periods of high miner-to-exchange transfers […]
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The Dubai Court of First Instance has affirmed the legality of crypto payments for salaries under employment contracts in a landmark ruling on Aug. 15. The ruling, issued in case number 1739 of 2024 (Labour), marks a significant shift in the UAE’s judicial approach to digital currencies, reflecting the growing acceptance of crypto in the […]
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Tether CEO Paolo Ardoino predicted that brain-computer interfaces (BCIs) could become mainstream consumer products within the next 20 years. Ardoino’s remarks followed a breakthrough by Blackrock Neurotech, a portfolio company of Tether. The firm successfully restored speech in a patient who had nearly lost the ability to communicate via its brain implant BCI On Aug. […]
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Former President Donald Trump’s campaign has appointed chairs for the presidential transition team, which is drawing attention for its strong pro-crypto stance. According to an Aug. 16 announcement, Cantor Fitzgerald CEO Howard Lutnick, a well-known Bitcoin advocate, and Linda McMahon, WWE co-founder and a prominent entrepreneur who has criticized central bank digital currencies (CBDCs), will […]
The post Trump’s transition team signals strong pro-Bitcoin direction, contrasting Harris’ regulatory approach appeared first on CryptoSlate.

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.

Quick Take On Aug. 5, Bitcoin (BTC) suffered a significant 7% drawdown. The digital asset hit a local bottom at $49,000 before rallying to approximately $54,000 once the US markets opened. Data from Farside highlights substantial outflows from Bitcoin ETFs on this day, totaling $168.4 million. Leading the outflows were Grayscale’s GBTC with $69.1 million, […]
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Vice President Kamala Harris is about to announce her running mate for the 2024 presidential election, with Pennsylvania Governor Josh Shapiro and Minnesota Governor Tim Walz emerging as the front-runners. According to the latest data, crypto prediction market Polymarket has Shapiro ahead by 7%, with $119 million wagered as of press time. Harris’s decision is […]
The post Potential Harris VP picks have clear winner for Bitcoin between Shapiro and Walz appeared first on CryptoSlate.

Dark Skippy, a recently discovered attack vector, poses a significant threat to the security of Bitcoin hardware wallets. The method allows a compromised signer to exfiltrate its master seed phrase by embedding portions into transaction signatures, requiring only two transactions to complete. Unlike previous assumptions that multiple transactions were necessary, this streamlined approach means that […]
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Geneva, Switzerland – August 5, 2024 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous rise in network activity and emphasize TRON’s high transaction speeds, scalability, and cost-effectiveness, which make it a preferred blockchain […]
The post Cointelegraph and CryptoQuant Research Reveal TRON’s Inelastic Activity, Maintaining Stability appeared first on CryptoSlate.

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Republican presidential nominee Donald Trump reiterated his support for Bitcoin and crypto during an interview with popular live streamer Adin Ross on Aug. 5. The former President reaffirmed statements made during his recent keynote at the Bitcoin2024 conference, saying that the US needs to foster innovation in the digital asset sector. He further stated that […]
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Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded over $5 billion in daily trading volume in the US on Aug. 5. This is the first time spot Bitcoin ETFs in the US have registered over $5 billion since mid-April. According to DefiLlama, BlackRock’s IBIT was responsible for nearly $3 billion in trading volume and managed to […]
The post Bitcoin ETFs daily trading volume surpasses $5 billion to hit 4-month high appeared first on CryptoSlate.

A coalition of US lawmakers has called on the Commodity Futures Trading Commission (CFTC) to prohibit gambling on American elections. Several legislators endorsed the letter, including Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), and Sheldon Whitehouse (D-RI), along with Representatives Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), and John Sarbanes (D-MD). […]
The post US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs appeared first on CryptoSlate.

Quick Take On Aug. 5, Bitcoin experienced its worst-performing day of the year, with a peak-to-trough drop of approximately 16%. However, it has already rebounded by roughly 10% from the lows, with the day yet to close. Historically, Bitcoin’s volatility has led to similar drastic declines. Analyzing Bitcoin’s returns following its worst daily performance of […]
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Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship crypto has fallen more than 8% since the start of the weekend to $57,040 —  the lowest price recorded in almost three weeks. […]
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Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least 1 year. Bitcoin’s supply last active over a year ago has shown a recent decline, reflecting market conditions and holder behavior shifts. The percentage of dormant supply has decreased from approximately 70% at the start of 2024 to around 66% […]
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Polymarket, a leading prediction market platform, has seen a significant spike in website traffic, outpacing prominent DeFi platforms like Uniswap, dYdX, Compound, and GMX. The surge is primarily driven by intense interest in betting on the US presidential election, particularly on the potential face-off between former President Donald Trump and Vice President Kamala Harris. Polymarket […]
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Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by the Official Monetary and Financial Institutions Forum (OMFIF), emphasized that Harris must engage with the […]
The post Kamala Harris must outline crypto strategy to counter Trump’s pro-Bitcoin influence, think tank says appeared first on CryptoSlate.

Onchain Highlights DEFINITION: Bitcoin price performance since the halving against previous cycles.  Bitcoin’s price performance since the most recent halving in April has followed a distinct trajectory compared to previous halving events. Observing the historical price patterns, each halving epoch demonstrates unique price movements, reflecting varying market dynamics and investor sentiments. The first halving epoch (50 […]
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Former President Donald Trump has suggested that Bitcoin could be a key tool in addressing the United States’ burgeoning national debt, which has officially hit $35 trillion as of July 31. In an interview on Fox News on Aug. 2, Trump proposed an unconventional approach, hinting at the possibility of utilizing the flagship crypto to […]
The post Trump touts Bitcoin’s potential to ‘wipe out’ US national debt, says its ‘a very big thing’ appeared first on CryptoSlate.

Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
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Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.

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.'” […]
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