This cryptoweek, Circle revealed their USDC reserves after three years, and its CEO thought it good that Janet Yellen called stablecoins ‘national security’ concern. Numerous dog-themed coins flooded the market with pumps and dumps, while a Dogecoin fan sued Coinbase for allegedly “misleading” sweepstake ad campaign. Mastercard announced they'll use stablecoins in a simplified crypto
E-commerce giant Amazon is dipping its finger deeper into the crypto and blockchain worlds as it posted an ad looking to hire a new executive to oversee their digital currency strategy.
The position is for a 'Digital Currency and Blockchain Product Lead' who "want[s] to innovate on behalf of customers within the payments and financial systems" of Amazon.
Today, the Cryptoverse found itself in a strange situation, as an alleged attempt by a major Bitcoin (BTC) bull to troll the Ethereum (ETH) community overshadowed more important news and eventually helped ETH to get more publicity at the expense of a struggling country.
First, the important news.
Mikhail Kalinin, a researcher at Ethereum-focused major blockchain
Following another hack suffered by blockchain protocol Thorchain, and the sharp drop in RUNE's price, the coin is now recovering.
The price of the native token crashed 23% in a couple of hours between July 22 and 23 (UTC). It has gone back up 11% since then. At 7:45, it's trading at around USD 4.
It's still down 13% in a day, and nearly 15% in a week. In the past year,
Source: Adobe/H_Ko
Ethereum (ETH) co-founder Vitalik Buterin claims that it is about to get more difficult for bad actors to exploit a vulnerability that allows them to attack the network, hurting it and its users.
As reported, a "personal project" (now suspended) by developer and CEO of hackathon platform Eventornado, Edgar Aronov, has been much discussed recently, as it would allow
Tesla and SpaceX chief Elon Musk shared another opinion on Bitcoin (BTC), and the Cryptoverse had counterarguments and lots of pictures.
This time, Musk was skeptical that an average person can run a Bitcoin node.
He expressed this doubt during the much-anticipated conversation on Bitcoin between Musk, Ark Invest CEO Cathie Wood, and Square and Twitter CEO Jack
Vitalik Buterin. Source: A video screenshot, Youtube/Grand Amphi Théatre
Ethereum (ETH) is more than decentralized finance (DeFi) and the focus on price, argued its co-founder Vitalik Buterin. According to him, it's primarily about utility and building out decentralized services that, ideally, combine both finance and non-finance.
Ethereum and projects built of different blockchains are not
Amidst the most recent news of potential acquisition involving US money-transfer giant Moneygram and the Stellar Development Foundation, stellar (XLM) rallied.
At 08:52 UTC, XLM, ranked 17th by market capitalization, trades at USD 0.253 and is up by 17% in a day, 5% in a week, and 163% in a year. The price is still down by around 70% compared with its all-time high, reached
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"Make no mistake: It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying
Those companies whose job it is to manage the wealth and personal affairs of very rich people are now increasingly eyeing crypto, per a new survey.
American financial giant Goldman Sachs Group claims that nearly half of the family offices it does business with want to add digital currencies to their investments, Bloomberg reported.
The bank had conducted a survey that
Contradictorily, in the US, people seem to trust crypto more, while at the same time lacking information about it.
As the data gathered by the "real-time insights enablement platform" Civic Science indicates, since the beginning of the year, the number of people who have invested in crypto has risen, going from 9% in January to 17% in July, based on 35,098
The European Commission (EC) confirmed that their planned new set of legislative proposals concerns cryptoasset accounts provided by Virtual Asset Service Providers (VASPs), such as exchanges, but not non-custodial privacy wallets, such as Wasabi or Samourai.
"Indeed, open-source, non-custodial wallets, will not be covered by the prohibition," a
A data leak revealed a malware that may have been used for spying on human rights activists, journalists, and lawyers across the world. It infects people's Android and iOS devices, extracting all the existing information. Yet, the threat doesn't seem to be that large for crypto users, according to security experts speaking to Cryptonews.com, both for technical reasons, as
Source: iStock/da-kuk
Following two consecutive weeks of a rise in market sentiment, the last seven days have brought another drop. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell from 5.03 recorded last week to 4.7 today, according to the market sentiment analysis service Omenics. There are no more coins in the positive zone either.
As is expected with
Inspired by the dogecoin (DOGE) rally this year, dozens of meme coin opportunists tried to onboard this dog-themed altcoin bandwagon. And now, despite a few exceptions, most of these altdoges are standing with tucked tails while the value of these copies keeps going down.
Ever since the world’s most famous meme coin, the first of all the doge coins, dogecoin (DOGE),
This week in the Cryptoverse! While some say that BTC could surpass USD 400K in ten years, Taproot is being tested on the testnet. The “almost feeless” IOTA NFT marketplace launched in test mode, Power Ledger migrated to Solana but kept its token on Ethereum, and Uniswap saw some major governance drama, which overshadowed the news that Optimism launched the Alpha L2 solution for Uniswap. As
Bitcoin mining rigs. Bitcoin (BTC) mining difficulty is set for another notable drop this weekend - this one dragging it down to the June 2020 level.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop around 6% in less than two days, as mining pool BTC.com estimates at 14:27 UTC.
This would be the fourth-highest
Online payments giant PayPal has made a major change for their US customers - it now allows them to spend five times more on bitcoin (BTC), ethereum (ETH), and other supported cryptoassets a week.
"As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for
Ben Zhou. Source: A video screenshot, Youtube/Bybit
Major crypto derivatives exchange ByBit launched a spot trading pilot today and they have more products in the pipeline amid growing competition in the sector, Ben Zhou, the CEO of the company, told Cryptonews.com.
According to him, the platform saw more than USD 1trn worth of cryptoassets change hands in 2020. ByBit says it serves more than
Decentralization seems to be coming to the documentaries as well, as one such project that focuses on Ethereum (ETH) has raised some 38% of the funds in less than a day.
The team behind the film, titled 'Ethereum: The Infinite Garden,' are currently doing a crowdfund on the platform Mirror, which they said allows them to "maintain the creative vision of the
It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School.
China's 'war' against
Source: Adobe/STEKLO_KRD
By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there are some more pessimistic outlooks, such as BTC dropping to USD 100.
Authors Madeleine Gracie and Tim Falk
The European Central Bank (ECB) has just announced that Eurosystem has formally launched its central bank digital currency (CBDC) project to prepare "for the possible issuance of a digital euro."
The Governing Council of the ECB has decided today to launch the investigation phase of a digital euro project, which is set to last 24 months, said the press release.
The Uniswap logo. Major decentralized exchange (DEX) Uniswap (UNI) has been swept into a controversial story since yesterday, as a decentralized finance (DeFi) education-focused fund abruptly sold off half of the assets allocated to it by Uniswap governance - raising a number of questions on decentralization, Uniswap's governance, transparency, and project accountability.
On July
Decentralized finance (DeFi) startup Optimism has launched the long-awaited Alpha layer-two (L2) solution for major decentralized exchange (DEX) Uniswap (UNI) through the Optimistic Ethereum (OΞ) mainnet. Despite the news, both ethereum (ETH) and UNI dropped together with the rest of the market.
Given that Uniswap's transactions are done on Ethereum, it implies very high
While the major Bitcoin (BTC) upgrade Taproot usually makes headlines, a significant development seems to had flown under the radar - its activation on the testnet.
Bitcoin developers, including Athony Towns, confirmed that Taproot has been successfully activated on the testnet last week.
Missed it but Taproot locked in on Testnet last thursday— ₿ENTHECARMAN
In the midst of major and ongoing ESG (environmental, social, and governance) debate, an ESG-conscious US-based investment giant, Capital Group, is increasing its indirect exposure to bitcoin (BTC). This time, via a more than half a billion dollars investment into software developer and major BTC bull MicroStrategy, while several more crypto-related companies are already on
The IOTA (MIOTA) non-fungible token (NFT) marketplace has launched on the IOTA 2.0 DevNet in test mode - it's "almost feeless" and set to be fully decentralized.
The IOTA NFT marketplace allows the general public to use the decentralized IOTA 2.0 DevNet for the first time in a broader use case, the IOTA Foundation said. It enables users to test the platform in
A "personal project" by a developer might bring even more controversy into the so-called Miner Extractable Value (MEV) practice on the Ethereum (ETH) blockchain, possibly tempting some miners to extract all the value they can from Ethereum before it moves to a proof-of-stake consensus mechanism (PoS), as this move is forcing them to look for new revenue streams.
We're seeing a rise in the market sentiment for the second week in a row now. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins went from 4.87 recorded a week ago to 5.03 recorded this week, according to the data provided by the market sentiment analysis service Omenics.
This time, we have a coin back in the positive zone, but it's
