TLDR
- Bitcoin Amsterdam 2024 set for October 9-10 at Westergas venue.
- Event brings together European Bitcoin innovators, investors, and policymakers.
- Four stages will cover various aspects of the Bitcoin ecosystem.
- Side events include art gallery, pitch day, and TAP protocol hackathon.
- Discussions on EU's MiCA regulation to be a key focus.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BPXPUHPE5BBRJBDEEILRKYVHGQ.jpeg)
Last week
WazirX
Crypto
Hack
Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BRHT7MPXMVDPDMXQS7QO35HPOU.jpg)
Latest news
- Bitcoin Amsterdam 2024 set for October 9-10 at Westergas venue.
- Event brings together European Bitcoin innovators, investors, and policymakers.
- Four stages will cover various aspects of the Bitcoin ecosystem.
- Side events include art gallery, pitch day, and TAP protocol hackathon.
- Discussions on EU's MiCA regulation to be a key focus.
- Bitcoin price rises to $57,000, gaining 3% in 24 hours.
- U.S. spot Bitcoin ETFs record $28.7 million inflows, ending outflow streak.
- Traders remain cautious due to historical post-Fed rate cut market behavior.
- Nansen acquires StakeWithUs, expanding into non-custodial staking services.
- AI and liquid staking tokens show significant gains in Asian markets.
- SOL price closed below the 200-day EMA for the first time since September 2023.
- Solana’s funding rate has remained negative for a week, indicating bearish sentiment.
- Weekly DEX volume on Solana has dropped to a 6-month low of $7.7 billion.
- Analysts warn that SOL/BTC chart looks bearish, potentially leading to more declines.
- Critical support level for SOL is at $127, with a potential retest of the $100 zone looming.
Last week
WazirX
Crypto
Hack
Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers
- Legal advisers state WazirX customers are unlikely to recover full funds in crypto terms after the hack.
- Customers stand to lose at least 43% of their funds, with a best case scenario being a 55%-57% return.
- The Singapore High Court will hear WazirX's request for six months' protection while it restructures its liabilities.
- WazirX lost $234 million in a hack, representing 45% of customer funds.
- The outcome depends on possible recovery methods and a resolution of the ownership dispute with Binance.
Last week
crypto
exchange
trading
Crypto Exchange Trading Volumes Continued Upward Trend in August
- August saw a 6.6% increase in trading volumes on centralized cryptocurrency exchanges.
- The volume totalled $1.2 trillion, up from $1.12 trillion in July
- Binance had the largest market share with a trading volume of $448.45 billion in August.
- North American-based exchanges like Coinbase saw a significant rise, with volumes reaching $166.84 billion, a 21.6% increase from July.
- Bitcoin's trading volume continues to surpass Ether's, with a 7-day moving average of $10.27 billion vs. $6.52 billion for Ether.
- Trump has a 51% chance of winning the U.S. presidency.
- Traders have placed $99 million on Trump and $95 million on Harris.
- Harris' odds slipped due to her proposal to tax unrealized gains.
- Trump's odds increased with his promotion of a decentralized finance project.
- Polymarket traders have favored Trump over Harris in recent weeks.
- Quidax received a provisional operating license by Nigeria’s SEC as a Digital Assets Exchange.
- This license allows Quidax to operate as a registered crypto exchange in Nigeria.
- CEO Buchi Okoro praised SEC for bringing regulatory oversight to the crypto industry.
- The license enables cooperation with banks, subject to Central Bank's approval.
- Quidax reaffirms its commitment to innovation, security, and compliance.
1 month ago
DOGE
memecoins
network activity
Dogecoin transaction activity spikes, analysts bullish
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HSEIMSNPGBDITNES2RXWY4TK4Q.jpg)
- Dogecoin network transactions exceeded 1.93 million in the past week.
- DOGE outperforms other memecoins in transaction volume.
- Increased activity suggests growing user engagement and potential price rise.
- Futures bets remain steady, with open interest around $500 million.
- The SEC sued Consensys, alleging MetaMask is an unregistered broker and securities program.
- Experts argue MetaMask is non-custodial and doesn't fit the broker-dealer definition.
- SEC's similar claim against Coinbase Wallet was previously dismissed by a judge.
- Consensys and Coinbase seek clarity through independent lawsuits against the SEC.
- MetaMask's role as an intermediary in staking services is also questioned.
5 months ago
Cryptocurrency
Market Correlation
Blockchain Activity
Crypto market remains correlated to stocks amid macro events
- Cryptocurrency market underperforms risk assets due to weakening demand.
- Bitcoin and Ethereum ETFs experience outflows, indicating reduced investor interest.
- Blockchain activity decreases or stagnates across major networks.
- Crypto market expected to stay highly correlated with equities.
- Stablecoin market cap grows despite overall market weakness.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OL3OLK5L5BHNZCBVN4W26LXKXE.jpg)
- Bitcoin briefly crossed $64,000, extending weekly gains to 10%.
- U.S. Federal Reserve's rate cut and Bank of Japan's hold boosted risk assets.
- Open interest in Bitcoin futures jumped by nearly $5 billion since Tuesday.
- Altcoins and memecoins surge, with Solana, Ethereum, and Bonk leading gains.
- Traders warn rally could be short-lived due to economic and geopolitical concerns.
6 months ago
Binance
Changpeng Zhao
DOJ
Binance CEO shifts focus to education amid DOJ plea deal
- Former Binance CEO Changpeng Zhao faces lifetime ban from day-to-day management.
- Zhao retains influence as majority shareholder, can nominate board members and replace executives.
- Legal experts note ambiguity in plea deal language regarding Zhao's involvement.
- Zhao launches Giggle Academy, an educational platform for underprivileged children.
- New venture uses gamification and NFT badges, but avoids cryptocurrencies.
6 months ago
Kamala Harris
Cryptocurrency
Ripple
Ripple co-founder endorses Harris for president
- 88 corporate leaders, including Ripple's Chris Larsen, endorse Kamala Harris for president.
- Harris campaign uses Coinbase Commerce to accept cryptocurrency donations.
- Endorsement suggests potential shift in Democratic Party's stance on cryptocurrency.
- Crypto community's support for Harris may signal changing regulatory attitudes towards digital assets.
6 months ago
XRP
Grayscale
CME
XRP outperforms major cryptocurrencies, gains institutional traction
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/R6F5BJPMOVDCRNAJ4AWTODTENU.jpg)
- XRP rises 5% while other major cryptocurrencies decline.
- CME and CF Benchmarks introduce XRP indices, potentially boosting institutional adoption.
- Grayscale launches XRP Trust for accredited investors in the U.S.
- Bitcoin struggles to maintain $60,000 level, falling to $57,000.
- German state of Saxony transfers $600 million worth of Bitcoin to exchanges.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KCIFDJXO5VC3JK3DV54NPIYBJQ.jpg)
- Commerzbank partners with Crypto Finance to offer crypto trading to corporate clients.
- The service will initially focus on Bitcoin and Ether trading for German-based clients.
- Commerzbank will provide custody services, leveraging its recently acquired crypto custody license.
- This move follows a similar agreement between Crypto Finance and Zürcher Kantonalbank.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JZFBY73XG5DZNJ4K5JY7H3VDXU.jpeg)
- Ethereum's Pectra upgrade to be divided into two parts to reduce complexity and risk.
- First package, including wallet improvements, planned for early 2025.
- Second package to focus on Ethereum Virtual Machine upgrades and PeerDAS implementation.
- Decision aims to minimize potential bugs and allow faster deployment of both forks.
- Developers agree smaller forks are less risky for the blockchain.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OHE7QHBPDBDN7ILXU6PFC2FUS4.jpg)
- Ethereum's underperformance may reverse by year-end, according to Bitwise report.
- ETH remains unchanged year-to-date, while Bitcoin and Solana have seen significant gains.
- Ethereum dominates in stablecoins, DeFi assets, and developer activity despite challenges.
- Bitwise CIO Matt Hougan likens Ethereum to Microsoft in the blockchain space.
- Analysts suggest Ethereum could be a contrarian investment opportunity as US election approaches.
1 year ago
Cryptocurrency
Presales
DeFi
New crypto projects gain traction amid market fluctuations
- Intel Markets presale raises over $225k, aims to compete with Solana and Ethereum.
- DTX Exchange rallies after launching gas-free VulcanX feature, raising over $2 million.
- Shiba Shootout presale attracts Floki investors, raising $1 million so far.
- Pepe Unchained presale surpasses $12 million, drawing attention from Bitcoin whales.
- Rollblock predicted to outperform Dogecoin and Tron in race to $1 value.
1 year ago
prediction markets
US election
perpetual futures
SynFutures launches 2024 US election prediction markets
- SynFutures introduces perpetual contracts for betting on the 2024 US presidential election.
- Traders can speculate on Trump vs Harris win rates with up to 10x leverage.
- Contracts are paired with USDC and track Polymarket predictions for the election outcome.
- Current predictions show Harris with a 52% chance of winning, Trump at 47%.
1 year ago
cybercrime
social engineering
asset recovery
Miami police arrest crypto scammers behind $243 million theft
- Two suspects arrested for $243 million social engineering attack on Genesis creditor.
- Scammers impersonated Gemini customer support to swindle nearly $250 million in crypto.
- Stolen funds split across multiple exchanges and cryptocurrencies to obfuscate trail.
- Online sleuths and blockchain experts aided investigation, leading to arrests and asset recovery.
1 year ago
Bitcoin
PubKey
World Liberty Financial
Donald Trump reportedly buys burgers with Bitcoin at NYC crypto hangout
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/M35G67SZ45HP7KMLSLYST2B4ZI.JPG)
- Trump sends Bitcoin transaction at PubKey, a crypto-themed bar in Manhattan.
- Former president becomes first U.S. leader to publicly use Bitcoin network.
- Trump's crypto involvement includes support for World Liberty Financial project.
- He promises to make U.S. the 'crypto capital of the planet' in presidential campaign.
1 year ago
Stablecoins
Cross-border transfers
Japanese banks
Japanese banks to test cross-border stablecoin transfers via SWIFT
- Three major Japanese banks will trial stablecoin transfers using SWIFT's API.
- Project Pax aims to enable 24/7 cross-border transactions with reduced operational costs.
- The initiative will support transfers across different blockchains using Inter-Blockchain Communication protocols.
- Progmat and Datachain are key players in Japan's stablecoin infrastructure development.
- Full commercialization of the project is expected by 2025.
1 year ago
Crypto
Startups
Venture Capital
Crypto startup valuations face tough market conditions
- Misjudging crypto startup valuations can lead to wasted time and unfavorable fundraising outcomes.
- Crypto venture capital sentiment has reached its lowest point since late 2022.
- Setting valuation expectations too high can waste significant time and resources.
- VC-backed tokens are struggling, with 80% losing value since listing on Binance.
- Market dynamics, not VC dumping, are likely causing token price drops.
- API3 unveils new solutions to enhance DeFi speed, efficiency, and sustainability.
- The Oracle Stack addresses Miner Extractable Value issues in DeFi transactions.
- API3 surpassed $1 billion in Total Value Secured, marking significant growth.
- New solution helps developers reclaim value lost during data processing.
- API3 offers over 160 data feeds across 37 networks for improved DeFi integration.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2R7VMGX33ZDV7OTMEJ5XUOBJX4.jpg)
- Hinman emails release briefly boosted XRP price by 7.4%.
- Ripple argues emails show Hinman ignored warnings about his 2018 speech.
- XRP supporters claim token is 'sufficiently decentralized' like Ethereum.
- Critics debate Ripple's relationship to XRP creation and issuance.
- XRP price fluctuates with sentiment around Ripple's SEC case developments.