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Latest Blockchain and Crypto News



Mark Cuban Voyager

Mark Cuban Was Sued for Promoting Crypto Firm Voyager

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Billionaire Mark Cuban is facing a lawsuit for promoting the crypto brokerage company Voyager Digital, which became bankrupt amid the crypto market crisis. The lawsuit also says Cuban misrepresented the company on various occasions, making statements that the platform is cheap and offers...

dYdX Tornado Cash

dYdX Blocked User Accounts Related to Tornado Cash

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Crypto exchange dYdX announced blocking user accounts that interacted with transaction mixer Tornado Cash after the US Treasury imposed sanctions against the program. dYdX released a blog post saying they have made changes within the limits of compliance rules that have unbanned certain addresses....

Bitcoin

Bitcoin gains value on US inflation data

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The night before, cryptocurrencies went on the offensive along with the stock market. Bitcoin was able to offset the losses it suffered in two days and briefly rose above $24,000 again. At the time of publication of this review, the largest digital currency was trading at $23,852. BTC...

Ethereum upgrade

Ethereum Implemented Its Final Test Ahead of the Merge

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The Ethereum team executed a final test ahead of the merge event, after which the network will move to the Proof-of-Stake consensus mechanism. The upgrade is supposed to scale Ethereum and consume less energy than Proof-of-Work. Ethereum core developer and researcher Ansgar Dietrichs announced that...

China

12,000 social media accounts suspended in China for advertising crypto

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The Cyberspace Administration of China (CAC) announced the blocking of 12,000 social media accounts that promoted cryptocurrencies and attracted investors. According to the regulator, information was spread through Weibo, Baidu, Tieba, WeChat, and other platforms about “easy money on digital...

Cathie Wood BlackRock Bitcoin

BlackRock's Move to Crypto May Double the BTC Price: Cathie Wood

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ARK Invest founder and CEO/CIO Cathie Wood finds that the world's largest asset manager, BlackRock's entry into the crypto sector may have a significant effect on the price of Bitcoin. Several days ago, crypto exchange Coinbase revealed a collaboration with BlackRock with the aim to offer crypto...

Pinata

NFT media management platform Pinata raises $21.5 million

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Pinata, a platform for NFT-focused media distribution, has secured $21.5M in total from Pantera Capital, Greylock, and other investors. Kyle Tut, co-founder and CEO of Pinata, reported that Pantera Capital, Greylock, and Offline Ventures led the $18M Series A and $3.5M seed rounds, with...

Circle Ethereum merge

Circle Says It Will Only Support Ethereum’s PoS Chain After Merge

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Crypto financial services and payments company Circle released a blog post about the company's approach toward the expected update of Ethereum. The team said since the release of the USDC stablecoin on Ethereum in Sept. 2018, they have collaborated closely with the ecosystem and have seen essential...

Crypto bankomat

The number of bitcoin ATMs has grown by more than 500% in two years

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2021 has become a breakthrough year for the cryptocurrency industry. It was at this time that the number of terminals for operations with digital currencies increased dramatically in the world. according to a report by CoinATMRadar. In 2022, the pace of ATM installations slowed down as the industry...

Coinbase quarter 2 revenue

Coinbase Reports Over $1 Bln Loss in the Second Quarter

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Cryptocurrency exchange Coinbase reported a 64% revenue loss in the second quarter, down $1.1 bln from last year. The company said the loss was heavily impacted by non-cash impairment charges. In a shareholder letter, Coinbase said at the end of Q2, Assets on Platform were $96 bln, while at the end...

Iran import crypto

Iran Placed Its First Import Order in Crypto Worth $10 M

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Iran announced its first official import in crypto. Deputy Minister of the country's Industry, Mine, and Trade, Alireza Peyman-Pak tweeted that the first import order registration worth $10 M was made. He also mentioned that by the end of the next month, the use of crypto and smart contracts will...

Asian session

Digital currencies adjust during the Asian session

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Trading in the Asia-Pacific region on Tuesday, August 9, started with a weakening in investor activity. If the day before, capital entered IT stocks, today hedge funds and traders have again begun to transfer funds to fiat currencies. According to TradingView, the US dollar index rose to 106.3...

Mike Novogratz Bitcoin price

Mike Novogratz Doesn't Expect Bitcoin Price to Surpass $30,000

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Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg TV that he expects Bitcoin to stay within its recent price range as the industry hasn't seen large inflows of institutional capital. The businessman said he's doubtful that BTC will get through $30,000. According to him,...

US Treasury Tornado Cash

US Treasury Blacklisted Crypto Mixer Tornado Cash

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A new press release by the US Treasury reveals that the agency's Office of Foreign Assets Control sanctioned crypto mixer Tornado Cash. According to the publication, following its launch in 2019, Tornado has been used for laundering digital currencies worth over $7 bln. Tornado is an Ethereum-based...

Hong Kong

Fraudsters stole $50 million in crypto from Hong Kong investors

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Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

Wells Fargo crypto

Wells Fargo Says Crypto Can Be a Part of the Next Digital Era

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International financial services company Wells Fargo released a new report on cryptocurrencies with the title "Understanding Cryptocurrency." The report says that crypto is a part of the digital revolution. Wells Fargo finds that cryptos could play an important role in the next digital...

Tiffany

Tiffany sold 250 NFT pendants in the form of CryptoPunks

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Jewelry brand Tiffany & Co. sold all 250 limited-edition jewelry pieces based on the CryptoPunks Series of Non-Fungible Tokens (NFTs). Pre-orders closed 22 minutes after launch. 100 CryptoPunks holders were able to apply for the pendant as early as August 3rd. Each NFTiffs sold for 30 ETH...

Ethereum blockchain

Vitalik Buterin Says Miner Migration Won't Impact the Merge

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As Ethereum's move from Proof-of-Work Consensus mechanism to Proof-of-Stake is nearing, many miners consider going back to Ethereum Classic, a fork of Ethereum that uses PoW. Talking about the expected event, and its impact on the network at the ETHSeoul festival, Buterin said he doesn't think that...

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