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Senator Calls for Audit on Palau’s Ripple-Backed Stablecoin Pilot Program
8.8.2023
Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding...
FTX has a plan, but creditors are not impressed: Law Decoded
7.8.2023
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan
Lido Attracted 10K Ether Stakers to Protocol in July
7.8.2023
The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...
Nifty News: Trader nabs 800 ETH by baiting a bot, NFT thefts slow and more
7.8.2023
A trader walked off nearly $1.5 million richer after tricking a bot copying his trades to buy a slew of NFTs at a markup
While Worldcoin Sees a 148% Surge in Unique Addresses, the Top 20 Wallets Command 94% of WLD Supply
6.8.2023
Worldcoin’s native cryptocurrency, worldcoin (WLD), has oscillated in value between $2.69 and $2.13 per token throughout the preceding 12 days, peaking at $3.30 per coin on July 24, 2023. The number of individual addresses possessing WLD under Worldcoin’s umbrella has surged by more...
DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading: Hodler’s Digest, July 30 – Aug. 5
5.8.2023
Curve Finance’s dramatic exploit exposes DeFi, DoJ concerns of a run on Binance, and Hong Kong debuts retail crypto trading
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines on Saturday, as Markets React to Latest NFP Report
5.8.2023
Bitcoin started the weekend trading below the $29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets had expected. Ethereum neared a multi-week low. Bitcoin Bitcoin (BTC) dropped...
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
4.8.2023
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $40 billion threshold, the total value...
U.S. Added 187K Jobs in July, Missing Estimates for 200K; Bitcoin Slips to $29,100
4.8.2023
The unemployment rate TKTK to 3.X% versus estimates for 3.6%
Crypto Options Volume on CME Rose to Nearly $1B in July: CCData
4.8.2023
The increase in BTC options volume on the CME suggests that institutions might be hedging their positions
South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time
3.8.2023
The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges
July Was a Terrible, No Good, Very Bad Month For NFTs, DappRadar Report Shows
3.8.2023
NFT trading volume declined 29% and the number of sales dropped 23% from June, while Yuga Labs collections’ dominance slipped
MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
1.8.2023
Cryptocurrency giants, bitcoin and ether, meanwhile, lost ground during the month
Bitcoin Mining in July: $844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels
1.8.2023
As per the data compiled for the month of July, bitcoin miners discovered a total of 4,366 blocks, collectively accruing approximately $844.56 million in block rewards and fees. This figure marks an estimated increase of $60.8 million from the previous month. July’s Bitcoin Mining Landscape:...
First Mover Americas: Bitcoin Starts August in the Red After Losing Ground in July
1.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Best Crypto to Buy Now 31 July – Optimism, Compound, Bitcoin Cash
1.8.2023
Bitcoin's price plunged under the psychologically significant support level of $30,000 over the past week, reaching a close of $28,874 today.
The Federal Reserve's decision to increase the rate by 25 bps on July 26 seems to have been largely shrugged off by Bitcoin, however.
As Bitcoin continues...
Explore El Salvador: Gofaizen & Sherle Launches New Crypto License Service
1.8.2023
PRESS RELEASE. Tallinn, July 31 – Gofaizen and Sherle, the leading Estonian crypto and fintech consultancy, proudly announces the launch of its latest product in El Salvador. The innovative service offers crypto companies and startup owners worldwide a comprehensive and streamlined solution...
Crypto market loses $486M in July, most since 2022: Report
31.7.2023
According to the report, nearly half of the month’s losses were caused by the Multichain exploit which resulted in $231 million in losses alone
First major success in US Congress for two crypto bills: Law Decoded
31.7.2023
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act