Bitcoin price plunges below $26K in two-month lows
The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to prices unseen since June. Go to Source
Month: August 2023
Ripple, Consensys participate in Mastercard program to promote CBDC innovation
The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating. Go to Source
Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgement
Competing motions for summary judgment saw a federal judge rule the U.S. Treasury with within its authority to declare Tornado Cash a sanctioned entity. Go to Source
Tether discontinues Bitcoin stablecoin, citing lack of usage
The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year. Go to Source
Shibarium denies bridge issues, calls it FUD
Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties in Shibarium. Go to Source
Tragedy or rug-pull? Inside the collapse of a ‘charitable’ NFT project
Orica NFT’s charity efforts have succeeded, but its token holders have not, and up until now, its co-founder was nowhere to be found. Go to Source
SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency. Go to Source
UK crypto businesses to comply with FATF Travel Rule beginning in September
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto. Go to Source
Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears
$570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders. Go to Source
Federal Reserve issues enforcement action against FTX-linked US bank
Moonstone Bank, which was since renamed Farmington State Bank, received roughly $11.5 from FTX’s sister firm Alameda Research through its holding company in 2022. Go to Source