Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction
By Sergio Goschenko Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemicContinue Reading
CryptoDickbutts Ethereum NFTs Surge 690% in Daily Sales Volume
By André Beganski The floor price of Series 3 CryptoDickButts climbed as prominent influencers shilled their Dickbutt bags and praised the CDB community. Continue Reading
Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum
By Jamie Redman On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’sContinue Reading
CFTC Targets Election Betting Platform PredictIt
By André Beganski The agency said the platform must shutter markets by the end of February 15 for failing to comply with rules. Continue Reading
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
By Lubomir Tassev A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization.Continue Reading
This Week on Crypto Twitter: Michael Saylor Leaves CEO Role to ‘Focus More on Bitcoin,’ Nomad and Solana Get Hacked
By Tim Hakki Also: A British crypto troll was ordered by the U.K. High Court to pay 1 pound in damages to a podcaster. Continue Reading
For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020
By Jamie Redman In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the endContinue Reading
Brevan Howard Subsidiary Raises $1B For Crypto Investments Amid Bear Market
By Denis A recent report noted that BH Digital, a Brevan Howard Asset Management subsidiary, is taking a progressive growth measure in the crypto sector. It has successfully generated over $1 billion through institutional investments. The project intends to channel the fund to its crypto strategies and development plans. ItContinue Reading
Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’
By Terence Zimwara After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused onContinue Reading
Virginia Fairfax County Pours $70 Million Into Crypto Lending As Investment
By Sarah The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors. In the history of the crypto lending space, instability andContinue Reading
Research: Miner data shows Bitcoin could have bottomed
By Andjela Radmilac Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes tooContinue Reading
China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review
By Bitcoin.com From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s onceContinue Reading
Reports Show Alexander Vinnik, BTC Exchange Operator Extradited To The U.S.
By Sarah Many scams are happening in the crypto industry, especially BTC. If an investor is not careful, he’ll fall prey to cybercriminals posing as legit projects or platforms. Sometimes, some exchanges might run into hitches and cause massive losses to investors. This was the case with WEX, BTC-e, andContinue Reading
Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms
By Lubomir Tassev Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts Illegal Crypto MiningContinue Reading
L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
By Jamie Redman On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launchedContinue Reading
Elon Musk Claims Twitter Committed Fraud In $44 Billion Deal Countersuit
By Jet Encila Elon Musk and Twitter are set for another court showdown as the billionaire launches a countersuit against the social media giant, which sued him for canceling the $44 billion contract to acquire the platform. Tesla and SpaceX CEO Elon Musk and his legal counsels are alleging inContinue Reading
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
By Jamie Redman While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraisingContinue Reading
Bitcoin Is A ‘Remarkable Cryptographic Achievement,’ Ex-Google CEO Says In Video
By Jet Encila Former Google CEO and chairman Eric Schmidt is simply impressed by the architecture that Bitcoin is built upon. He believes in the crypto. In fact, in our recent article, he reveals he’s invested “a little bit” of money into it. A video is now making the roundsContinue Reading
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
By Kevin Helms Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx. Binance’sContinue Reading
Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’
By Kevin Helms Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has bought the dip during the recent cryptocurrency market sell-off. He added: “Now crypto itself desperately needs policy. It needs regulation.” Kevin O’Leary Buys the Dip, Comments on Bitcoin Price Kevin O’Leary shared his crypto market outlookContinue Reading
Crypto Broker Voyager To Soon Resume Cash Withdrawals
By anushsamal Crypto Broker, Voyager, has decided to resume its cash withdrawals on its app. Users shall be able to make cash withdrawals from the application, this news comes after Voyager suspended trading, deposits, withdrawals and loyalty rewards for over a month. The cryptocurrency lender has panned to restart theContinue Reading
Elon Musk Accuses Twitter of Fraud in Countersuit Over $44B Deal — Twitter Subpoenas Binance and Other Firms
By Kevin Helms Tesla CEO Elon Musk has accused Twitter of fraud in his countersuit against the social media company. Twitter filed a lawsuit against the billionaire to force him to go through with the $44 billion deal to buy the platform. “The Musk parties bring their counterclaims for breachContinue Reading
Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more
By Liam ‘Akiba’ Wright A research paper published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions.Continue Reading
Alleged BTC-e Operator Alexander Vinnik in US Custody After Immediate Extradition From Greece
By Lubomir Tassev Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition, after his return from France, despite Vinnik’s defense protesting the move and calling the case a “judicial,Continue Reading
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
By Jamie Redman Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K inContinue Reading