Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps? The recent crypto crash hit memecoins hard, culminating with a 9% drop in total market capitalization from Aug. 14 to Aug. 21. During the same period, Pepecoin...Continue Reading
The company also announced a partnership with artificial intelligence company SingularityNET. Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the U.S., U.K., Australia, Canada, and Tanzania on August 22. The launch comes on the heels of a series of beta tests conducted in numerous...Continue Reading
Stellar joined the industry group developing Wasm, an alternative computation engine for running smart contracts. The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It...Continue Reading
The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn’t straightforward, neither is the government’s suppression of BTC price. Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders,...Continue Reading
Florida Governor Ron DeSantis and Vivek Ramaswamy will be in attendance at the political debate on Aug. 23, but not Miami Mayor Francis Suarez, despite earlier claims. Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for...Continue Reading
Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion Chinese yuan ($329 million) Bitcoin (BTC) mining enterprise and for unrelated charges of corruption. According to...Continue Reading
BTC price “death chop” continues to characterize the aftermath of last week’s Bitcoin flash crash. Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price “death chop” returns Data from Cointelegraph Markets Pro and TradingView tracked a third day of...Continue Reading
The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws. Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements...Continue Reading
Crypto Banter host Ran Neuner takes aim at Ripple and FatMan Terra, tips his hat to ZachXBT and explains his young kids can read charts. Ran Neuner is the CEO of Onchain Capital, founder of Crypto Banter, and a vocal crypto commentator on X. Crypto Banters Ran Neuner has a problem with the structure of...Continue Reading
Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, has reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22. Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has pleaded not guilty to fraud and money laundering charges levied in an...Continue Reading
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