:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/G36BFVUF5REG3AHN6FMGETKAQU.png)
Litecoin Halving Unlikely to Drive Immediate Price Gains, Past Data Show
Litecoin's blockchain will cut the per-block reward to 6.25 LTC from 12.5 LTC.
Live Wire
Live Wire
Live Wire
Today
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PQG3YUF665GUXPEFLE2VLXXOZY.jpg)
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/36VE2YYH4ZHF7C4JOMMWCFTEXY.jpg)
Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
Volatility Shares, Bitwise, VanEck, Roundhill, ProShares and Grayscale have filed applications with the SEC for Ether ETFs.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E4FBAVF5VRBZRFBJIRO4ZM5Y6E.jpg)
Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns
Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5JHR323RHZAGRMABPVDGNYG3WI.jpg)
Crypto Custodian Hex Trust Expands European Foray With Registration in France
The registration, which follows last year's approval in Italy, is "a significant milestone" for its European expansion plans, Hex Trust said.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/P5QINWLNHBBZLPTNMOZBB4W4JA.jpg)
Coinbase Looks to Add Bitcoin Lightning for Payments
The move is part of the exchange's broader plan to improve cryptocurrency-based payments globally.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/R5RVSNBT2BFF5FYVB3E2QCG2PQ.jpg)
Binance's Largest Market is China: WSJ
China is Binance’s largest market, amounting to 20% of worldwide volume
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EFOM6PSTJRAINH3JZRKSP5VGFM.jpg)
G20 President India Publishes its Input for Framing Global Crypto Rules
India's presidency note on crypto is an effort to have its suggestions included in the framing of global crypto rules.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HF6BJR6V4JDH3FFE5SR3ZEGAMA.png)
First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WFLAMWIASRAGZLCJRX3DUWPEWI.jpg)
U.S. DOJ Has 'Extremely Thin' Basis for Jailing FTX's Bankman-Fried Ahead of Trial: Defense
Prosecutors moved to revoke Sam Bankman-Fried's bond release, alleging his sharing Caroline Ellison's diary with the New York Times amounts to witness tampering.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6CSA2PEWQRBDRMLBIPOQ2DABJA.jpg)
Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information
As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.
August 1st
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3RFEMLXCKBBDLIJLKRY57RYGYI.jpg)
Bitcoin Whale Michael Saylor Might Buy a Lot More BTC
MicroStrategy plans to sell up to $750 million of stock, possibly to acquire BTC. The price of bitcoin rose following the announcement.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Y75VDDQMZVBK3P7IQIBHSLYFMA.png)
Bitcoin Reverts to $29.6K as Dollar Index, Treasury Yields Shrug Off U.S. Rating Downgrade
Fitch downgraded the U.S. credit rating to AA+. A similar downgrade by S&P in early August 2011 had cratered risk assets, including bitcoin.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QLZBPTRMB5AF3E7WWRTFCFMOGQ.jpg)
This Art Exhibit Is Bringing New Life to Allen Ginsberg’s Poetry Using AI
The Fahey/Klein Gallery in Los Angeles will preview a collection of poems generated by an AI trained using Ginsberg’s literary body of work, supported by his estate.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LSGVOKC25ZFJVBWSNGVSBLSDHM.jpeg)
Litecoin ‘Halving,’ Set for Wednesday, Should Harden Supply of ‘Digital Silver’
The quadrennial "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mechanics that crypto analysts say helps to boost bitcoin's price.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XUP2GKKWANENRJZI3RGXBQDKAE.png)
MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LVP7ZYJGZ5CYVAHBPV5ZXLV6BU.jpg)
MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul
The software firm reported its second-quarter earnings after the close on Tuesday.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SS6NV3QC6ZCDVHTC6JOWTVG6PY.jpg)
Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry
As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country’s blockchain future, says Ukraine's deputy minister of digital transformation.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/L2HC5BY54VEM7IDYNTEYOTJUMM.jpg)
GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty'
The company will remove its iOS and Chrome wallet extensions on Nov. 1.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LPFLP6PXKRCJ3NWOQNRBZSASBQ.png)
The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers
The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/I2VVYMRPIRD7DD2UUKFKGVYBRU.png)
Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue
Similar uneventful periods in the past preceded major eruptions in volatility for BTC’s price, noted a research firm.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JGEWIXHXGNCPRNCEHRGS7V7DJQ.jpg)
How AI, Web3 and Humans Can Work Together to Solve Complex, Global Problems
Fear abounds about AI, but the technology combined with blockchain can serve as an excellent complement to human ingenuity.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6NVBMOGVHFG2PONMLJNEN4NXRE.jpg)
Bitcoin Looking Oversold, but Any Bounce Could Be Disappointing
Any macro catalysts for bitcoin may have to wait until after Labor Day.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2X3QRRIYFZBG3K6F3ZE7KMC5OY.jpg)
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to the finish line this year.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6DG4DIHOOFB2BAX4DXYJZ5SEF4.jpg)
DeFi Died and We Didn’t Even Notice
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QY52EFMURBDIHMX2ONGKN6HZCI.jpg)
Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans
The environmental argument against bitcoin "should not be used as a smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr said.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/IGG33LLN7RCAPLSIMUDFDM3YDI.jpg)
How DeFi Protocols Are Building More Granular and Extensible Capabilities
The trend towards "micro-primitives" creates protocols that are more extensible, programmable and composable. But it also creates greater vulnerability at a time when protocols are under increasingly hack-attack.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FJL6C7XFINHG5GTZCPJCZYVCXE.jpg)
Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CTK3LB5WDVBSJKQCR6QI7QQD2I.jpg)
Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says
The Republican candidate’s comments stand in contrast to Democratic candidate Robert F. Kennedy, who supports using bitcoin to stabilize the dollar.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5COO2XZBQNCXNHLWBWL5ZARY7A.jpg)
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
They’re responding to the potential systemic risk posed by Michael Egorov’s teetering financial position.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MMOKMBP74NDCHLJED4BFIMGORU.jpg)
DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum
Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/IXA7ENQTRJHYRGTANBIRNSYFL4.jpg)
Ripple Ruling Rebuke Complicates Coinbase’s Defense Against the SEC: Berenberg
U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/P4OWJS4VU5F57GL4V6M4CC3CMU.png)
An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
As a part of an ongoing partnership with the Williams Racing team, crypto exchange Kraken will allow fans to submit and vote for NFTs that will be displayed on cars during the U.S. Grand Prix in October.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CJUWDGYEFREJJCBOZEN26K3YDE.jpg)
Ether Options Market Shows Bias for Price Weakness Over Next 6 Months
Ether's price appears overvalued compared to Ethereum's dwindling revenues, one analyst said.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MFMSMKBGYNC5DG6MHES5ZL4DWM.png)
First Mover Americas: Bitcoin Starts August in the Red After Losing Ground in July
The latest price moves in crypto markets in context for August 1, 2023.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/74TWB46XRVBPNCKEJLQ4GKRYTQ.jpg)
Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XASPEOS55VANVGTXM74OXFJDXY.jpg)
Binance Japan Starts Onboarding Users
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PGHPDLJRZELJEBQJLHZPMJ5YM.png)
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
Analysts said it is an attempt to incentivize liquidity to FraxLend's pool from where Egorov has taken a loan of 15.8 million FRAX.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JBCJQJ4ZLFDVRJH5OKRYQROMRU.jpg)
Nomura’s Crypto Arm Gains Operating License Approval in Dubai
Laser Digital will start its trading and asset management business in the coming months.
Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?
On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days.