Here are Bitcoin price levels to watch as BTC dips 5% from highs
Familiar support zones are back on the radar after $25,000 proves too much for Bitcoin bulls. Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month…
Huobi co-founder reportedly looks to sell majority stake valued at over $1B
Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting. Leon Li, the co-founder of global crypto exchange Huobi, is…
Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode
The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed…
S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors. Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded…
Alleged 29-Year-Old Tornado Cash Developer Arrested By Dutch Investigators In Amsterdam
Summary: A suspected developer of crypto mixing service Tornado Cash has been arrested in the Netherlands. The individual was reprimanded by the Dutch Fiscal Information and Investigation Service on Wednesday.…
Binance Freezes $450K of Funds Stolen During Curve Front-End Exploit
Binance has frozen $450,000 of stolen funds from the Curve Finance front-end exploit. FixedFloat had also frozen about $200,000 in funds. The exploit was quickly patched by the team, limiting…
Brazilian payment app PicPay launches crypto exchange with Paxos
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin. Major Brazilian payment application PicPay is…
Three-quarters of institutions to use crypto in the three years: Ripple
Ripple’s new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings. A whopping 76% of surveyed financial institutions plan on using crypto within…
Binance recovers the majority of funds stolen from Curve Finance
Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds. Crypto exchange Binance has recovered a big part of the…
Huobi Founder Keen On Selling Majority Of His Stake At $3 Billion Value: Report
Crypto exchange Huobi’s founder Leon Li is reportedly in talks with financiers to sell his stake in the firm Potential buyers include Justin Sun of Tron and FTX CEO Sam…
Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency…
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows…
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the…
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. Institutional staking of crypto assets, including the post-Merge Ethereum, could become a…
3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum’s Merge
It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September. After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS)…