Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but “diamond hands” contribute just $600,000. Read More at https://cointelegraph.com/news/bitcoin-speculators-realize-850m-losses-50k-btc-price-dump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: August 2024
$510B crypto sell-off wipes 2024 gains for top 50 coins
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off. Read More at https://cointelegraph.com/news/top-50-cryptos-lose-2024-gains-510b-selloff?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum’s quick rebound positions ETH price for 100% rally
Ether price is mirroring a fractal pattern from October 2023 that preceded a 178% ETH price rally. Read More at https://cointelegraph.com/news/ethereum-rebound-positions-eth-price-100-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India demands $86M from Binance in unpaid GST taxes
Binance faces a demand for nearly $86 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban. Read More at https://cointelegraph.com/news/indian-law-enforcement-demand-unpaid-taxes-binance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin trading volume recorded post-halving ATH as crypto market bled
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether. Read More at https://cointelegraph.com/news/bitcoin-trading-volume-record-high-post-halving?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K
ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million. Read More at https://cointelegraph.com/news/ark-buy-coinbase-bitcoin-below-50k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Martin Shkreli-led Trump memecoin DJT plummets 95%
Roger Stone, a close aide to Trump, previously denied any involvement of the former president or his son with the TrumpCoin memecoin. Read More at https://cointelegraph.com/news/solana-trumpcoin-crashes-95-crypto-market-downturn?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded
The Law Commission’s final report urges the UK government to reclassify crypto assets, addressing current legal gaps. Read More at https://cointelegraph.com/news/law-commission-new-property-category-crypto-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder. Read More at https://cointelegraph.com/news/vitalik-buterin-unveils-plan-solve-cross-chain-l2-interoperability?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Developer says he hacked Atari’s ‘on-chain game’ to prove a point
Kautuk Kundan says he sabotaged the leaderboard of Atari’s Base-developed “on-chain” Asteroids game to prove that crypto games should be verifiable on a blockchain. Read More at https://cointelegraph.com/news/developer-hacked-atari-asteroids-blockchain-game-to-prove-a-point?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound