Bitcoin Testing, Twitter Bitcoining, Kids Winning and 20 Crypto Jokes

Let's take a look back at this crypto week. Bitcoin was testing USD 50K once again, and an unusually large number of bitcoin calls to puts across options exchanges hinted at increased bullishness on BTC, while Twitter started beta testing a Bitcoin Lightning Network tipping service. Coinbase vowed to win back the “trust” of the customers it spooked with a blunder that saw it send “roughly

New Crypto Investors, Funds, Products + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Investments news One in six surveyed Australians now own cryptocurrency, with the value of their holdings totalling USD 8bn, according to Finder Consumer Sentiment Tracker’s data, operated by Qualtrics. This is

UNI Drops on Report That SEC is Investigating Uniswap

UNI took a dive following the reports that the US Securities and Exchange Commission (SEC) is investigating the developer of the major decentralized exchange Uniswap. The SEC is looking into Uniswap Labs as part of their deeper examination of the digital asset market, and its decentralized side, according to the Wall Street Journal, citing "people familiar with the

Vitalik Buterin’s Biggest Ethereum Regret is ‘The Whole 8 Cofounders Thing’

Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD. Ethereum (ETH) cofounder Vitalik Buterin decided to do "a random twitter experiment" answering his followers' many questions - stating that his biggest Ethereum regret is the idea of eight cofounders, and that he was too confident in the network's speed of moving to proof-of-stake (PoS), further touching on a number of

Unapproved Bitcoin Mining Plant Forced to Close Shop

Noise complaints from residents of an affluent estate community in the Canadian province of Alberta lead to a months-long investigation which discovered a Bitcoin (BTC) mining operation that had been set up without approval - and now has to shut down. Vancouver-based Link Global is the name of the company that established the operation, CBC reported. It

A Top NFT Project Sees More Than USD 115M in Sales in One Week

Four non-fungible token (NFT) projects stood out since their very recent launches: 0N1 Force, CyberKongz, Generativemasks, and Pudgy Penguins, per the latest report by data aggregator and analysis firm DappRadar. The first three have all been launched in August, while the last one was launched in the second half of July - all already recording significant results. The

Decentralized Bitcoin Exchange, USD 100M DeFi Initiative + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Exchanges news Payment giant Square and social media giant Twitter CEO Jack Dorsey said that Square's new division focused on creating an open developer platform, TBD, is planning to build a decentralized bitcoin

Crypto Market Sentiment Fails to Stay in Positive Zone; USDC Wins Week

Crypto market sentiment had managed to re-enter the positive zone last week - but did not manage to stay there. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is now 5.94, down from 6.08 seen a week ago, according to the data provided by market sentiment analysis service Omenics. Only two coins' sentscores are up this week, and it's

Cream Finance Suffers USD 25M Flash Loan Attack

Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today. "C.R.E.A.M. v1 market on Ethereum has suffered an exploit, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH, by way of reentrancy on the AMP token contract," the team said. This is currently worth around USD 25.5m. The project further said

Bitcoin Mining Difficulty Takes Another Large Step Up, As Miners Reposition

On Wednesday, Bitcoin (BTC) mining difficulty has just jumped once again, for the third time in a row, forming a new increase streak, as previously discussed. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 13.24%, reaching 17.6 T. This is the highest increase since May this year, and a significant jump from the

Crypto Market Sentiment Finally Re-Enters the Positive Zone

After weeks of inching towards it, crypto market sentiment has finally entered the positive zone once again. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is now 6.08, up from 5.94 today where we saw it last week, according to the market sentiment analysis service Omenics. As last week, six coins are in the positive zone.

Rally, Pause, Resume, Regulate and 20 Crypto Jokes

There was a lot of rallying this week, including Solana and Cardano, as well as some rally pauses, and rally continuations, while Ethereum fees jumped to their highest point since May. As this was happening, Mark Cuban stated that he owns less than USD 500 worth of DOGE. Speaking of which, DOGE was rallying too. It was then reported that T-Mobile suffered a breach with the hacker asking for BTC 6,

How Blockchain Can Help Bring AI Into Mainstream – Cryptonews.com Podcast

Artificial intelligence (AI) is the next frontier in Big Business. As organizations everywhere look to cut costs, increase their earnings and optimize workflows, AI has imposed itself as the obvious solution. But building AI-powered software - and putting it out there - is a lot more challenging than it sounds. In episode 47 of our podcast, we hosted Harjyot Singh, technology and crypto

Crypto Market Sentiment Within Reach of Positive Zone

Crypto market sentiment has increased for the forth week in a row, arriving at a point just below the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is 5.94 today, while last week it stood at 5.85, according to the market sentiment analysis service Omenics. Over half of this list - six coins to be precise - are in

US Infra Bill Might Prompt Crypto Business Exodus, Treasury Has a Role Too

If the controversial US infrastructure bill is passed in its current form, it may force crypto companies to leave the country as there's no way to comply with the new requirements. However, the industry would also depend on the US Treasury as this institution would need to put the vague language into practice. The US Senate passed the bill with the original crypto tax

Stealing, Giving Back, Taxing and 20 Crypto Jokes

At the beginning of the week, we saw bitcoin and ethereum rallying, and Axie Infinity has been exploding left and right, hitting major milestones. And then, the historic hack happened with the theft of USD 600m from Poly Network, with the attacker starting to return funds soon, giving back some USD 342m in two days, and the rest a day later. Meanwhile, total global investments in blockchain and

Non-Fungible Penguins Are Taking Over the NFT Scene

They're digital penguins, they're JPEGs, and they're non-fungible tokens (NFTs) - and they're ready to take thousands of your coins or millions of your dollars. Pudgy Penguins are Ethereum (ETH)-based NFT collectibles, that attracted the attention of even the mainstream media, such as The New York Times. Each penguin in the collection of "8,888 cute chubby Pudgy

Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M

The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far. Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned. This includes: On Binance Smart Chain: USD 252mOn Polygon: USD 85mOn Ethereum: USD 4.6m. They added that there is

Poly Network Exploiter Starts Returning the Funds, Gives Back USD 1M

The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network, that just lost over USD 600m, first asked the protocol for a multi-signature (multisig) wallet to return the funds - and has started returning it. So far, the hacker returned USD 1.007m, per Polygonscan data. That is a start, but still a long way to go. After seemingly having some fun

Poly Network Got Robbed of More Than USD 600M

Interoperability protocol Poly Network has confirmed that it has suffered a major exploit - loosing at least USD 600.3m of its funds. The protocol announced that it got attacked on Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). "We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the [provided]