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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com
🇨🇦 NEW: The Canadian crypto exchange ezBtc and its founder, David Smillie, misappropriated around $9.5 million in customer funds for personal use and gambling, according to the British Columbia Securities Commission.
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Investors flock to ETH products over BTC as markets recover: CoinShares
Ethereum funds also lead Bitcoin ETPs on monthly performance with $150 million in inflows so far this month.
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🐋 A massive Ethereum whale, who received 1 million ETH during the initial coin offering, has been offloading $ETH worth millions over the past month.
The latest move involved depositing 5,000 ETH, worth $13.2 million, into OKX, bringing the total dumped to $154 million.
Crypto community members speculate on the whale’s identity, with some suggesting it could be an Ethereum co-founder. Despite concerns, the whale only has 16,000 ETH left to sell.
💰 JUST IN: Marathon Digital Holdings, world’s largest Bitcoin miner announces $250M raise to buy more Bitcoin.
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🧐 Bitcoin's price recently dropped below $59K, influenced by a halt in stablecoin purchases by institutional investors.
The dip follows a period of recovery spurred by Tether's $1.3 billion stablecoin minting, which helped $BTC bounce back from a low of $49,500 to over $60,000
Ether ETF weekly flow hits positive for the first time since launch
The newly launched nine spot Ether ETFs had a positive overall net inflow of $105 million for the week beginning Aug. 5.
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BitGo CEO argues WBTC security is unchanged amid concerns
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some.
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OpenAI fears people will forms bonds with the AI it developed to fool humans
The warning shows that developers are aware that anthropomorphization is a legitimate concern in the AI industry.
https://ct.com/cxh9
Morgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC official
Morgan Stanley, the largest wealth manager in the United States, could face intense compliance scrutiny after allowing its entire team of financial advisers to start pitching spot Bitcoin exchange-traded funds (ETFs), warns crypto skeptic John Reed Stark, a former US Securities and Exchange Commission official.
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Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
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SEC and Ideanomics settle crypto revenue reporting fraud charges
The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”
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Bitcoin bull-bear cycle indicator flips bullish as price holds $60K
The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.
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Signs you’ve been in crypto too long: Surviving 4 bull markets without hitting millionaire status, buying Taco Tuesday but YOLOing $20K into memecoins, and still wondering if Satoshi is the CIA.
👉 Read all 10 signs and find out if it’s about you!
Charles Hoskinson, co-founder of Cardano, warns that while making Bitcoin a US reserve asset could boost its price, it also poses significant centralization risks.
Presidential candidate Robert F. Kennedy Jr. recently suggested the US Treasury buy 4 million BTC, representing 19% of Bitcoin's supply.
Hoskinson cautions that such a move could give the US geopolitical influence over Bitcoin, potentially undermining its decentralized nature.
Are you in favor of the US making Bitcoin a reserve asset, or do you think it poses too many risks to its decentralized nature?
👍 - In favor
🌚 - Too many risks
🎙️ Is GameFi evolving or fading away?
Join us on Decentralize as we explore the state of GameFi in 2024 with Ash Hodgetts, CMO of Undeads.
Are clicker games like Hamster Kombat and Notcoin the future? What role do player communities play now?
Listen now! 🎧
[Collaboration]
Grayscale ETH ETF stems bleeding as activity spikes on Ethereum
The Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network activity on Ethereum and its layer-2 networks.
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🗞 Missed the news? Here's what's happened over the last 24 hours!
🗣️ BitGo CEO argues WBTC security is unchanged amid concerns
📉 Ethereum median gas price hits 5-year low
🟢 Ether ETF weekly flow hits positive for the first time since launch
💸 Crypto startup funding grows to $2.7B in Q2 despite fall in total deals
🧐 Bitcoin's price recently dropped below $59K, influenced by a halt in stablecoin purchases by institutional investors.
🎙️ Rise’n’Crypto: Celsius vs. Tether
💰 Marathon Digital Holdings, world’s largest Bitcoin miner announces $250M raise to buy more Bitcoin.
🇺🇸 Donald Trump returns to X with a campaign video, ahead of his live conversation with Elon Musk later today.
🐋 A massive Ethereum whale, who received 1 million ETH during the initial coin offering, has been offloading $ETH worth millions over the past month.
🇺🇸 JUST IN: Donald Trump returns to X with a campaign video, ahead of his live conversation with Elon Musk later today.
Do you think they’ll talk crypto?
👍 - YESSS
👎 - No
🎙️ Rise’n’Crypto: Celsius vs. Tether
What happens when two crypto giants collide in a multibillion-dollar face-off?
Stick around as we unravel the drama, the implications, and what it could mean for the future of digital assets.
Listen now! 🎧
Crypto startup funding grows to $2.7B in Q2 despite fall in total deals
Crypto infrastructure projects led the way in attracting venture capital with major infra projects raising a combined $685 million in new capital in Q2.
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Ethereum median gas price hits 5-year low
The median price to send an Ethereum transaction hit 1.9 gwei on the weekend, with low-priority transactions priced even lower.
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Half of the 10 most valuable companies on Earth are making metaverse hardware
The metaverse is dead, long live the metaverse.
https://ct.com/cxho
Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal
The case of Alexey Pertsev is more than just a legal battle; it is a pivotal moment for the crypto community and advocates of digital privacy.
https://ct.com/cxgf
African Union greenlights AI adoption across member states
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals.
https://ct.com/cxg3
Nigerian crypto community supports activist’s fight for rights
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment.
https://ct.com/cxei
VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist
Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.”
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🗞 Missed the news? Here's what's happened over the last 24 hours!
🥷 ‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
🧐 Debate rages over Bitcoin power law as critics label it a ‘magic trick’
🇺🇸 The Donald Trump-themed cryptocurrency "Restore the Republic" (RTR) dropped by 95% after Eric Trump denied any connection to the token.
💎 JUST IN: TON users now have free access to over 60 advanced analytics indicators through a partnership with IntoTheBlock (ITB).
💪🏼 Tether plans to double its workforce to 200 by mid-2025, focusing on expanding its compliance team.
🎙️ Is GameFi evolving or fading away?
🎙️ Is Donald Trump Jr. the new face of DeFi?
🗣️ Charles Hoskinson, co-founder of Cardano, warns that while making Bitcoin a US reserve asset could boost its price, it also poses significant centralization risks.
💸 Vitalik Buterin recently transferred $8 million worth of Ether to a new multisignature wallet, sparking speculation of a potential donation.
⏳ 10 signs you’ve been in the crypto industry too long
Vitalik Buterin, Ethereum's co-founder, recently transferred $8 million worth of Ether to a new multisignature wallet, sparking speculation of a potential donation.
Buterin has a history of making significant crypto donations, including a $1.2 billion gift to the Indian Covid-Crypto Relief Fund in 2021.
🎙️ Is Donald Trump Jr. the new face of DeFi?
In this episode of Rise’n’Crypto, we break down his plan to launch a crypto platform designed to challenge the traditional banking system.
Tune in and get the inside scoop! 🎧
Tether plans to double its workforce to 200 by mid-2025, focusing on expanding its compliance team.
Despite its small size, Tether remains a financial powerhouse, generating $5.2 billion in profits in the first half of 2024.
The company continues to enhance monitoring tools to prevent illicit activity involving its USDT stablecoin, which now commands nearly 70% of the stablecoin market with a $115 billion supply.
