Harbor protocol falls victim to attack, funds go missing

Cosmos network stablecoin project Harbor confirmed Saturday, Aug. 19, that its security has been breached, resulting in exploitation. The interchain stablecoin protocol announced on social media platform X that it fell victim to a protocol attack. Some pools, including Luna,… дальше »

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SEC petitions judge to certify appeal in XRP security case

The legal back-and-forth between the U. S. Securities and Exchange Commission (SEC) and Ripple (XRP) continues. The agency filed a petition late Friday, Aug. 18, asking Judge Analisa Torres, of the U. дальше »

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Ethereum’s new ‘Holesky’ testnet to launch in September

In an Aug. 17 meeting, Ethereum developers discussed developments around a new testnet — named ‘Holesky’ — that is set to launch on Sept. 15. Parithosh Jayanthi, DevOps at the Ethereum Foundation, said that developers tested 1. дальше »

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SEC moves to appeal Ripple’s earlier victory

The U.S. Securities and Exchange Commission (SEC) moved to file an interlocutory appeal against Ripple on Aug. 18 as part of its ongoing case against the firm. Judge Analisa Torres in the Southern District of New York previously issued rulings on Ripple’s programmatic exchange sales of XRP and its distributions of XRP as payment for […] The post SEC moves to appeal Ripple’s earlier victory appeared first on CryptoSlate. дальше »

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Kraken introduces support for PayPal’s stablecoin, PYUSD

Kraken announced on Aug. 18 that it had added support for PayPal’s stablecoin, also known as PayPal USD or PYUSD. The cryptocurrency exchange said that deposits and withdrawals of PYUSD are currently open and added that it will open trading on Aug. дальше »

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Mark Cuban slams OpenSea’s optional NFT royalties as industry misstep

Billionaire investor Mark Cuban criticized OpenSea’s decision to make royalties payment on non-fungible tokens (NFT) optional, describing it as a “HUGE MISTAKE” that would hurt the industry and diminish trust, according to an Aug. дальше »

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Here’s Why Bitcoin (BTC) Price Tumbled to $25,000 and What to Expect Next

Three factors have been identified as the major catalysts behind the BTC price crash on Aug 17. Can US whales' demand trigger a mild-recovery? The post Here’s Why Bitcoin (BTC) Price Tumbled to $25,000 and What to Expect Next appeared first on BeInCrypto. дальше »

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Bitcoin’s drop to $26.6K sees over $160M in realized losses

Bitcoin’s price plummeted to $26,298 on Aug. 17, marking a significant 9% decline within a 24-hour span.   Ethereum wasn’t spared either, as its price tumbled to $1,620, reflecting a 10% drop during the same period. дальше »

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No decision expected today on Grayscale’s challenge to SEC over Bitcoin ETF conversion

Despite rumors,  there will be no decision today, Aug. 18, Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) over their denial of a spot Bitcoin Exchange-Traded Fund (ETF) conversion, While some had hoped for a decision today, that idea was dispelled by Bloomberg Intelligence Analyst James Seyffart in an Aug. дальше »

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Cypher Protocol recovers nearly 50% of stolen assets

Cypher Protocol recovered nearly 50% of the stolen funds, worth approximately $600,000. On Aug. 7, the company suffered an exploit attack that reportedly wiped $1 million off its accounts. On Aug. дальше »

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Australia convicts crypto fintech Helio of misleading license claims

Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio Lending would face… дальше »

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Tether USDT stability tested amid crypto market shakeup

Tether’s USDT stablecoin value wobbled from its $1 peg amid the market carnage that wiped nearly $100 billion from the crypto market on Aug. 17. Typically, cryptocurrency traders resort to stablecoins as a hedge against the inherent market volatility within the industry. дальше »

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OpenSea to deactivate its royalty enforcement system

OpenSea deactivates its royalty tool, aiming for transparency and creator empowerment amidst NFT market shifts. Devin Finzer, the founder of the OpenSea NFT marketplace, has announced that it will be deactivating its royalty enforcement tool.  Starting Aug. 31, OpenSea will… дальше »

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Ripple SEC Lawsuit: Here's Latest Update

SEC expected to file premotion letter today, Aug. 18 дальше »

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Mastercard forges blockchain alliances to power future of CBDCs

Mastercard is partnering with Ripple, Consensys, and other blockchain companies on a central bank digital currency program. On Aug. 17, the payments giant announced its CBDC Partner Program, including other inaugural partners like tokenized assets company Fluency, digital assets platform Fireblock, Consult Hyperion, and Idemia. дальше »

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Did SpaceX News Trigger Bitcoin’s Soul-Crashing Flash Crash To Sub-$26,000?

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TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100%

All major cryptocurrencies saw a sharp decrease in their values following a massive sell-off yesterday, Aug. 17. The global market cap of the crypto industry fell 8% to $1. 06 trillion, wiping out over $100 billion. дальше »

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XRP 20% price crash erases SEC gains, wipes $5B off market cap

Ripple’s XRP lost more than $5 billion of its market capitalization after Thursday’s late-night market meltdown liquidated $1 billion from crypto traders. Data from CryptoSlate shows that XRP is among the top 10 losers for Aug. дальше »

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Mastercard partners with blockchain leaders to explore CBDCs

Mastercard is partnering with seven blockchain and payment technology providers to explore the potential and challenges of central bank digital currencies (CBDCs). The specific plans for the collaboration remain under wraps in the payment giants’ Aug. 17 announcement. Mastercard has… дальше »

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Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain?

The U.S. Securities and Exchange Commission (SEC) is set to approve the first exchange-traded funds (ETFs) based on Ethereum futures, according to a Bloomberg report on Aug. 18 The green light from the regulatory body could pave the way for several firms, including Volatility Shares, Bitwise, Roundhill, and ProShares, that have filed to launch ETFs […] The post Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain? appeared first on CryptoSlate. дальше »

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SpaceX saw valuation of Bitcoin holdings fall by $373M over two years: WSJ

SpaceX’s Bitcoin (BTC) holdings have declined over a two-year period, according to a report from the Wall Street Journal on Aug. 17. According to WSJ, SpaceX wrote down its Bitcoin holdings by $373 million over the course of 2022 and 2021, including by selling the asset. дальше »

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Federal Reserve shuts down Farmington Bank over unapproved stablecoin project

The Federal Reserve took action against Farmington State Bank on Aug. 17, asserting the bank took on a stablecoin strategy without notifying supervisors or gaining approval. The U.S. government agency said that it approved Farmington’s application to become a bank holding company in 2020, at which time it imposed certain conditions on the bank and […] The post Federal Reserve shuts down Farmington Bank over unapproved stablecoin project appeared first on CryptoSlate. дальше »

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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.

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SEC permitted to move for interlocutory appeal against Ripple

The U. S. Securities and Exchange Commission (SEC) was granted court permission to move for an interlocutory appeal against Ripple on Aug. 17. A filing shows that Judge Analisa Torres has reviewed submissions from both sides and granted the SEC’s request to file a motion for leave to file an interlocutory appeal. дальше »

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US BlockFi clients free to withdraw funds after court order

US-based who were unable to withdraw from BlockFi can now access their accounts after a directive by a Bankruptcy Court on Aug. 16 дальше »

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Tether stops minting USDT on three blockchains, including Bitcoin’s Omni Layer

On Aug. 17, leading stablecoin firm Tether announced its decision to discontinue support for its USDT stablecoin on three blockchains and blockchain layers: the Omni Layer, Kusama, and Bitcoin Cash SLP implementations of its USDT stablecoin. дальше »

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Coinbase to suspend trading for USDT, DAI, and RAI for Canadian customers

Coinbase is discontinuing its support for Tether (USDT), DAI, and RAI for its Canadian users, effective August 31. The news was first reported by Cointelegraph, citing a customer email it had reviewed dated Aug. дальше »

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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.

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Bitcoin at $28.5K: Unpacking the significance of tight Bollinger Bands

On Aug. 17, Bitcoin’s price dropped below the $29,000 mark, settling around $28,500. While this decline might seem insignificant given Bitcoin’s historically volatile nature, the context of its recent trading range magnifies the importance of this move. дальше »

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Alameda Research, Genesis Global resolve $3.88B claim dispute with $175M agreement

Alameda Research has agreed to claim $175 million from the estate of Genesis Global, according to an agreement submitted to the court on Aug. 16. This resolves the dispute between the two bankrupt entities over claims against each other. дальше »

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A silent security scandal or dying profession? DeFi Bug Bounty Wall of Shame has millions in unpaid bounties

The crypto community is grappling with issues surrounding bug bounty programs, a crucial mechanism for discovering and addressing system vulnerabilities. Usmann Khan, a web3 security auditor, posted on Aug. дальше »

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Singapore police seize $735m in money laundering crackdown

Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million) in Singapore. During… дальше »

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CME to launch BTC and ETH reference rates in APAC region

CME Group will launch Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region. On Aug. 16, CME Group announced it would launch the new reference rates on Sept. 11. The senior director for digital currency products at… дальше »

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Sei Network faces tough start as token value and airdrop fall short

SEI, the token of a newly launched blockchain with the same name, tops CryptoSlate’s top losers’ list for Aug. 17, plunging by nearly 30% in the last 24 hours to $0. 17599 as of press time. дальше »

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Stellar unveils open-source global payment service

Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service. In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid’.” The… дальше »

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Bitcoin reaches ATH in Argentina as pro-crypto candidate wins primaries

Bitcoin (BTC) has reached its peak in Argentina after a pro-Bitcoin candidate won the primary election in the country. On Aug. 13, Javier Millei, a libertarian candidate representing the political party Freedom Advances, took first place in the primary elections… дальше »

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Former SEC official comments on Binance.US’ request for protection

Binance. US’s parent company’s request for a protective order on Aug. 14 to prevent securities regulators from making excessive demands may be on shaky grounds, according to one former official. дальше »

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Ripple files opposition to SEC’s expected appeal

Ripple submitted a filing on Aug. 16 expressing opposition to an interlocutory appeal expected from the U. S. Securities and Exchange Commission (SEC). The SEC accused Ripple and two of its members in December 2020 of breaking security regulations through the sale of the XRP token. дальше »

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CFTC Chair Rostin Behnam weighs in on crypto regulations

Rostin Behnam, Chairman of the U. S. Commodity Futures Trading Commission (CFTC), emphasized the necessity for a clear regulatory framework in the burgeoning cryptocurrency market during a recent podcast interview with the Intercontinental Exchange (ICE) Aug. дальше »

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Binance Connect winds down, cites shift in market dynamics

Binance Connect, which allowed users to process fiat-to-crypto payments for Binance, is shutting down today on Aug. 16 дальше »

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Valkyrie files for Ethereum futures ETF

Valkyrie Investments has filed for an Ethereum futures exchange-traded fund (ETF), as seen in a U.S. Securities and Exchange Commission (SEC) filing on Aug. 16. According to that filing, nearly all of the fund’s assets will be invested in exchange-traded Ethereum futures, while a small portion will be invested in collateral investments such as cash, […] The post Valkyrie files for Ethereum futures ETF appeared first on CryptoSlate. дальше »

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Bittrex bypasses US clients amid regulatory haze, CEO highlights global scope

Bittrex Global CEO Oliver Linch noted that market participants are increasingly wary of the United States because of the regulatory uncertainty surrounding the crypto industry in the country, according to an Aug. дальше »

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Stellar buys a minority stake in MoneyGram

The Stellar Development Foundation acquires a minority stake in major remittances platform MoneyGram. The Stellar Development Foundation (SDF) — the organization behind the Lumens (XLM) blockchain — announced on Aug. дальше »

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PayPal announces halt on UK crypto purchases

PayPal has announced that it will temporarily pause crypto buying services in the UK starting from Oct. 1, 2023, with a planned resumption in early 2024. The latest decision, outlined in an email to select users on Aug. 14, comes… дальше »

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RocketSwap unveils response strategy after $865k hack

RocketSwap Labs has unveiled its strategy for recovering from a forceful hack that seized $865,000 (471 ETH) from the protocol on Aug. 14. The decentralized exchange on Base intends to reintroduce a fresh farming contract and publicly share it on… дальше »

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Silvergate CEO and top execs to depart amid bank’s wind-down

Silvergate, once known as a crypto-friendly bank, faces significant changes as CEO Alan Lane and two other key executives prepare to leave. Alan Lane and the firm’s chief legal officer, John Bonino, will step down on Aug. 15. Antonio Martino,… дальше »

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Cyberconnect token debuts on Binance with 30% dip

Cyberconnect’s coin CYBER was listed on Binance. Right after the listing, its value dropped by 30%. Cyberconnect’s token, CYBER, was added to the Binance platform on Aug. 15. The coin’s price can now be tracked at the crypto stats websites,… дальше »

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PayPal to pause UK crypto purchases starting in October

PayPal stated in an email to select users on Aug. 14 that it will temporarily pause crypto buying services in the U. K. in the coming months. That message states that the service will be paused starting on Oct. дальше »

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Trove of evidence against Sam Bankman-Fried includes Caroline Ellison-authored document, ‘Things Sam is Freaking Out About’

U. S. government prosecutors have moved to admit and exclude specific evidence in the case of former FTX CEO Sam-Bankman Fried in an Aug. 14 filing. Caroline Ellison’s statements could become evidence In the relevant filing, prosecutors asserted that communications from Bankman-Fried’s associates should not be excluded as hearsay. дальше »

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Binance Connect to shut down effective Aug. 15

Binance Connect, formerly known as Bitfinity, will cease operations today. The announcement came from Biswap, a decentralized exchange platform on BNB Chain, via a tweet. Binance Connect’s discontinuation was attributed to its provider ending support for card payments. дальше »

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