Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperformance. The cryptocurrency market has experienced a notable downturn recently, with the total market capitalization falling by 10% between Aug. 14 and Aug. 23, reaching its lowest point in over two months at $1.04 trillion. This...Continue Reading

Cypher announced that losses from the exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches. Crypto trading platform Cypher protocol has published a plan to recover from its $1 million exploit, stating it will “socialize” losses across the platform in an initial stage of the...Continue Reading

Bitcoin Ordinals NFT volume plunges 98%, and Yuga Labs is terminating its partnership with OpenSea over creator royalties. Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT...Continue Reading

Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer. The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals...Continue Reading

The company also announced the launch of Kresus Connect, a Web3 portal for SuperApp. Web3 developer KresusLabs announced the launch of Kresus Market, a curated marketplace that acts as a portal to Polygon projects, on Aug. 23.  Unveiling The #Kresus Marketplace: A Curated Marketplace To Explore What Polygon Has to Offer!https://t.co/PiYVx9kwUb The world of crypto...Continue Reading

The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, money laundering, and sex crimes. Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects. According to an Aug. 23 report from the Times of Israel,...Continue Reading

Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps. Unstoppable Domains (UD) has launched an instant messaging system for owners of Web3 usernames, according to an Aug. 23 announcement from principal engineer Aaron Quirk. Owners of .crypto, .wallet, .polygon or other UD-registered...Continue Reading

The crypto exchange is ending staking services for U.S.-based users on Sep. 25; the decision comes a few weeks after Bitstamp halted trading for seven altcoins in the country. Crypto exchange Bitstamp will discontinue staking services for customers based in the United States. In a message shared with Cointelegraph, the exchange announced the ending of...Continue Reading

Judge Lewis Kaplan said the order was in line with the U.S. government’s Aug. 18 proposal for the former FTX CEO to access discovery materials. A federal judge is allowing former FTX CEO Sam Bankman-Fried, or SBF, access to his legal team outside of jail, provided he gives sufficient notice. In an Aug. 23 order...Continue Reading

Solana Pay has reportedly been added to Shopify’s payment solutions, giving millions of merchants access to cryptocurrencies. E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin (USDC) stablecoin payments.  According to TechCrunch, Solana...Continue Reading