Category : Cryptocoins News

Cryptocoins News

Bitcoin price briefly dips below $26K, falling to two-month lows

The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20. The price of Bitcoin (BTC) fell around 8% in a span of 10 mi...

Ripple, ConsenSys participate in Mastercard program to promote CBDC innovation

The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating....

SEC Gets Judge’s Nod to Argue for Appeal against Landmark Ripple Ruling

The US Securities and Exchange Commission (SEC) has crossed the first step in its effort to appeal against a trial court’s ruling stating that crypto firm Ripple’s XRP token sale on digital asset exchanges is not a security offering. Judge Analisa To...

Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgment

Competing motions for summary judgment saw a federal judge rule the U.S. Treasury was within its authority to declare Tornado Cash a sanctioned entity. A federal judge...

Shibarium denies bridge issues, calls it FUD

Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties on Shibarium. The team beh...

Bitcoin could go higher but ‘not before it goes lower’: Wolfe Research

Rob Ginsberg says Bitcoin could go further down in the near-term. The Wolfe Research analyst explained why in a research note today. Bitcoin (BTC) has already lost more than 11% in about a month. Bitcoin has already lost more than 11% in about a mo...

Tether discontinues Bitcoin stablecoin, citing lack of usage

The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year. The issuer of stablecoin Tet...

SpaceX wrote down $373M worth of Bitcoin back in 2021-2022: Report

Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency. A...

Tragedy or rug pull? Inside the collapse of a ‘charitable’ NFT project

Orica NFT’s charity efforts have succeeded, but its tokenholders have not, and up until now, its co-founder was nowhere to be found. Launched in November 2021, nonfun...

SpaceX wrote down $373M worth of Bitcoin acquired in 2021-2022: Report

Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency. A...

UK crypto businesses to comply with FATF Travel Rule beginning in September

The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto. Crypto asset businesses in the...

Coinbase Set To Suspend USDT Trading In Canada This Month

Coinbase is set to suspend trading of USDT, DAI, and RAI in Canada at the end of the month.& The exchange stated that the decision was based on recent reviews and internal listing standards.& Users will be able to deposit and withdraw the di...

SEC vs Ripple: Judge Torres Allows Interloctury Appeal From Securities Watchdog

The SEC has until August 18 to file its motion and Ripple must submit opposition papers by September 1.On August 16, the XRP issuer with co-founders Brad Garlinghouse and Chris Larsen opposed the SEC’s request for an interlocutory appeal. The co-def...

Judge grants SEC request to file appeal in Ripple case

Judge Analisa Torres has allowed SEC to file an appeal against July 13 ruling on XRP. SEC to file by August 18 and Ripple to respond by September 1. The latest Ripple news is that Judge Analisa Torres, who ruled in July that public sales of XRP did...

Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears

About $570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders. On Aug. 1...

Bankrupt BlockFi Gets Court’s Backing, Enables Withdrawal for US Customers

BlockFi, the cryptocurrency lending firm that declared bankruptcy in November last year, has secured the bankruptcy court’s approval to permit its users to withdraw their digital assets. Earlier today (Thursday), BlockFi opened the withdrawal service...

Federal Reserve issues enforcement action against FTX-linked US bank

Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022....

2024 could be very bullish for crypto — Here’s why

This week’s episode of Market Talks discusses why 2024 could be bullish for the crypto industry and if crypto has weathered the storm. This week’s episode of Cointeleg...

Judge grants SEC request to file motion for appeal in Ripple case

The SEC has until Aug. 18 to officially file its motion, and the defendants will have until Sept. 1 to respond. Judge Analisa Torres has granted a request from the Un...

Bitcoin on “knife’s edge” as price falls below $28k

Bitcoin price fell to lows of $27,740 across major exchanges on Thursday, the lowest since June. Stocks have also slipped after the latest Fed meeting. Meanwhile, real yields have jumped to recent highs. Bitcoin has traded to below $28,000 again, w...

Breaking: Coinbase to suspend USDT trading for Canadian users

Users will still be able to deposit and withdraw USDT, DAI and RAI after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend tra...

Republic launches its self-custodial multi-chain wallet for tokenized assets

Republic Wallet is targeted to a global community of over 3 million Republic investors. Users will access tokenized assets across multiple blockchains, including Ethereum and Avalanche. The global tokenization market is expected to reach $24 trillio...

BlockFi opens crypto withdrawals for eligible US users following court order

The lending platform halted client withdrawals amid filing for bankruptcy in November 2022 but later petitioned the court for authorization to return user funds. Many...

UK Crypto Firms Brace for Compliance as FCA Sets Deadline for ‘Travel Rule’ Implementation

The Financial Conduct Authority (FCA) has set out clear expectations for cryptocurrency businesses operating in the UK, outlining the necessary steps they must take to comply with the significant change in the legislation for money laundering prevent...

Tether halts support for Kusama, Bitcoin Cash SLP and Omni Layer

Key takeaways Stablecoin issuer has discontinued support for Omni and Kusama.& Omni was the first transport layer that Tether used in 2014. Tether makes strategic changes to its operations Stablecoin issuer Tether& announced on Thursda...

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