Money & Crypto News

12 августа 2024 04:25

Nigeria SEC: Be cautious and open to the supervision of Bitcoin and be willing to actively explore relevant frameworks

On August 12, according to BeInCrypto, Momotimi Agama, director of the Nigerian Securities and Exchange Commission (SEC), said that the agency is cautious and open to the regulation of Bitcoin and is willing to actively explore relevant frameworks. Agama stressed that the SEC still focuses on investor protection and market integrity maintenance. The regulator is committed to helping people understand the concept of cryptocurrencies and guide them on how to trade digital assets correctly. In addition, strict measures will be taken against companies or individuals who do not comply with the SEC regulations. Previously, Nigeria detained and accused Binance executive Tigran Gambaryan of violating anti-money laundering laws.

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12 августа 2024 03:36

Musk: The interview with former U.S. President Trump will have no manuscript and no subject restrictions

Elon Musk will interview Trump at 8 p.m. Eastern Time on Monday. Musk said that the interview will have no manuscript and no subject restrictions in the interview.

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12 августа 2024 03:10

1157 BTC transferred from Kraken to unknown wallet, worth more than $68 million

According to Whale Alert monitoring, at about 8:12 Beijing time, 1,157 BTC ($68,150,602) were transferred from Kraken to unknown wallets.

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12 августа 2024 03:08

12,682 ETH transferred from unknown wallet to Coinbase

According to WhaleAlert monitoring, at about 6:57 Beijing time, 12,682 ETH (32,574,539 US dollars) were transferred from unknown wallets to Coinbase.

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12 августа 2024 03:04

The exchange's Bitcoin reserves hit a five-year low, with a withdrawal of $5.96 billion in 30 days

In the past month, starting from July 11, 2024, 99,308 BTCs have been withdrawn from the exchange, worth $5.96 billion. At present, data from cryptocurrencycom shows that the centralized exchange holds 2,679,880 BTC, which is worth about $161 billion based on the Bitcoin exchange rate on Sunday, August 11. The last time reserves were so low was during the Bitcoin bear market on November 19, 2018.

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12 августа 2024 00:50

Flare Network: XRP test network and FAssets public beta version will be reset on August 19

FlareNetwork tweeted on X that its XRP test network will be reset on August 19, and the public beta version of FAssets will also be reset.

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11 августа 2024 23:55

27.34 million XRPs transferred from unknown wallets to Bitstamp

On August 11, according to WhaleAlert monitoring, 27,340,000 XRP ($15,562,146) were transferred from unknown wallets to Bitstamp at 3:06 a.m. Beijing time today.

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11 августа 2024 22:57

Cryptocurrency advocates sue Nigeria

James Utudor, a Nigerian cryptocurrency advocate, filed a landmark lawsuit challenging the government's restrictions on the possession, use and trading of digital assets such as Bitcoin (BTC) and stablecoin. Utudor claimed that the lawsuit listed the Nigerian President, the Minister of Finance and the Minister of Justice as defendants and aimed at protecting the basic rights of Nigerians.

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11 августа 2024 21:49

IntoTheBlock: The total losses caused by DeFi vulnerabilities are decreasing quarterly

According to IntoTheBlock in X, the total losses caused by DeFi vulnerabilities are decreasing every quarter; however, the share of economic vulnerabilities is increasing. In order to protect the ecosystem, economic risk mitigation must be synchronized with technological progress.

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11 августа 2024 20:51

Fractal Bitcoin: Open source code on August 13 and reset the test network

According to the official announcement, Fractal Bitcoin, a Bitcoin expansion solution jointly developed by UniSat and Block Space Force, said on its social platform that it will open source code and has launched the test coin faucet. In addition, the team also plans to reset the test network at 8:00 a.m. (UTC) on August 13, when the test coins will also be reset and the source code will be open source.

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11 августа 2024 19:48

Syncracy Capital: At present, most of Solana's meaningful indicators are comparable to Ethereum

Ryan Watkins, co-founder of Syncracy Capital, said that Solana is undervalued compared with Ethereum. Now most of Solana's meaningful indicators are comparable to Ethereum, but the transaction price is only Ethereum. 1/5. Ryan Watkins is optimistic about the development of the Solana ecosystem.

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11 августа 2024 18:52

U.S. media: Young voters prefer Harris to deal with economic problems, with more support than Trump

On August 11, according to Kim Ten, a new survey by CNBC and Generation Lab shows that young people in the United States do not seem to think that Harris is responsible for the deterioration of the U.S. economy caused by the Biden administration. After Biden withdrew from the campaign in July, 69% of Americans aged 18 to 34 believed that the economy under President Biden was deteriorating. But they also believe that the candidate who is most capable of improving the economy is the de facto Democratic candidate Harris, not the Republican candidate and former President Trump. 41% of respondents thought Harris was the best candidate in the economy, while 40% chose Trump, and 19% said they chose third-party candidate Robert F. Kennedy Jr. Kennedy Jr.). Compared with the May survey, the Democratic Party's support rate on economic issues rose by 7 percentage points. At that time, only 34% of respondents thought that Biden, who might become the Democratic presidential candidate at that time, was the best candidate to boost the economy, 40% chose Trump, and 25% chose Kennedy.

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11 августа 2024 17:29

Hong Kong Legislative Council Member: Hong Kong is ready to strengthen digital asset regulation in the next 18 months

On August 11, according to Cointelegraph, Hong Kong Legislative Council member David Chiu said that Hong Kong is ready to strengthen its digital asset regulation in the next 18 months, marking an important step towards its mission to become a global fintech center.
David Chiu said, "The digital asset industry has made significant progress in the past few years, but Hong Kong is still in a very early stage. Hong Kong should establish a sound trading system and introduce legislation related to stablecoins as soon as possible."

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11 августа 2024 16:17

Farcaster has more than 650,000 users and the total revenue of the protocol exceeds $2.23 million

On August 11, Dune data showed that the current number of users of the decentralized social protocol Farcaster has exceeded 650,000, but the number of daily active users and user activity have declined from the peak (daily active users are 43,000-46,000).
In addition, Farcaster's total revenue has exceeded $2.23 million, currently reaching $2.233 million.

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11 августа 2024 15:31

Founder of Sam's Rule: It's time for the Fed to cut interest rates

According to financial reports, Claudia Sahm, founder of Sam's Rule and chief economist of New Century Advisors, personally published an article stating that the US economy has not yet fallen into recession, but is "disturbingly close to recession" and it is time for the Fed to cut interest rates.

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12 августа 2024 03:51

South Korea's Wacon CEO arrested on suspicion of cryptocurrency fraud

On August 12, Byun Young-oh, CEO of Wacon in South Korea, was arrested on suspicion of Ethereum-related cryptocurrency fraud. The Seoul Central District Prosecutor's Office will indict Byun and another suspect, Yeom, for fraud. The MainEthernet wallet service operated by Wacon experienced cash withdrawal difficulties in the summer of 2023. The prosecution believes that this is a multi-level marketing fraud program worth hundreds of billions of won, with about 500 victims, mainly the elderly. Byun had promised a return of up to 45% to 50%, but denied the Ponzide fraud allegations.

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12 августа 2024 03:12

Cryptocurrency trading volume rose 19% in July after falling for four consecutive months

According to CCData, the transaction volume of cryptocurrency on the global centralized exchange surged by 19% to $4.94 trillion in July. This is the first increase in trading volume in four months. The trading volume of derivatives increased by 21% to $3.50 trillion. In addition, the market share of derivatives rose to 70.9%, the highest level since December 2023.

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12 августа 2024 03:09

The Federal Reserve will only cut interest rates by 25BP in September

Bloomberg's latest survey of economists shows that nearly four-fifths of respondents expect the Federal Reserve to cut interest rates by only 25 basis points in September, and the estimated median shows that the possibility of an emergency interest rate cut before the September meeting is only 10%.

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Money & Crypto News

12 августа 2024 03:05

The position has reached $62.9789 million in the past 4 hours, and the main order has exploded

According to coinglass data, in the past four hours, the amount of empty positions on the whole network has reached $62.9789 million, of which the amount of empty orders is about $5,859,500, and the amount of multiple orders is about 57,119,400 US dollars.

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12 августа 2024 03:01

BTC fell below $59,000

The market shows that BTC fell below $59,000, and now reports $58992.74, with a 24-hour decline of 3.18%. The market fluctuates greatly. Please do a good job in risk control.

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12 августа 2024 00:33

NEAR Foundation: Chain Abstraction has been launched on the NEAR main network

NEAR Foundation announced on Thursday that Chain Abstraction, a new function aimed at making seamless transactions between networks easier, has been launched on the main network - which further shows that the number of projects committed to the "chain abstraction" design concept is increasing. Near co-founder Illia Polosukhin personally promoted the chain abstract roadmap of the project, aiming to simplify the cryptocurrency user experience due to the continuous development of the multi-chain ecosystem.

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11 августа 2024 23:30

OSL Executive Director and Head of Regulatory Affairs: Hong Kong cryptocurrency ETF faces systemic market obstacles

Gary Tiu, executive director and director of regulatory affairs of OSL, said that Hong Kong's cryptocurrency spot exchange trading funds face systemic obstacles, that is, the market generally lacks incentives for ETFs. Tiu said that Hong Kong still has a negative attitude towards Bitcoin, Ethereum and cryptocurrencies in general. At the same time, there are still some prejudices in the eyes of regulators and financial institutions. They believe that Bitcoin ETF is a unique risk category that requires extreme caution.

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11 августа 2024 22:24

Survey: Most scholars in the field of quantum computing believe that quantum computing is progressing faster than expected

This is based on QuEra's recent survey of 927 people (researchers, executives, media, enthusiasts, etc.) related to the field of quantum computing. Among the respondents surveyed, 74.9% "expect quantum computing to become a better alternative to traditional computing under certain workloads in the next 10 years." When asked about the development speed in the field of quantum computing, more than half of them said that it was "faster than I expected" or "much faster than I expected." In academia, this number has risen to 55%.

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11 августа 2024 21:21

The difficulty of Bitcoin mining is expected to decline on August 14

On July 31, the difficulty of Bitcoin mining was at a block height of 854,784 (17:13:32), and the difficulty of mining was increased by 10.5% to 90.67T, a record high. According to the current indicators, the difficulty is expected to decrease on August 14, with a decrease of between 4% and 5.3%.

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11 августа 2024 20:27

Founder of Asymmetric Financial: Its two funds are still investing in Bitcoin while increasing their holdings of Solana

Joe McCann, founder, CEO and chief investment officer of Asymmetric Financial, revealed that his company manages two current funds, with 9-digit and 8-digit asset management scale (AUM), and is still investing in the ratio. Special coins, and increase the holding of Solana at the same time. Joe McCann said he thought SOL could surpass ETH. In addition, Kyle Samani, executive partner of Multicoin Capital, expressed increased confidence in decentralized physical and virtual infrastructure network projects (DePIN and DeVIN) and stablecoins, while Pantera Capital Cosmo Jiang, the portfolio manager, stressed that the company will continue to focus on fundamentals, especially in the fields of DeFi, DePIN and artificial intelligence. Pantera's investment areas include Solana, Toncoin, Hivemapper, Geodn et, Near and Bittensor reflect their extensive interest in different industries.

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11 августа 2024 19:23

More than 100 million XRP transfer transactions occurred on the Ripple chain, worth about $59 million

According to Whale Alert monitoring, a transfer transaction of 104,156,546 XRPs occurred on the Ripple chain at about 23:04 Beijing time today, with a value of about $59,019,563.

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11 августа 2024 18:21

BTC fell below $60,000

The market shows that BTC fell below $60,000, and now it is reported at $5991.79, with a 24-hour decline of 0.83%. The market fluctuates greatly. Please do a good job in risk control.

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11 августа 2024 16:54

Crypto startups raised $2.7 billion in Q2, up 2.5% from the previous quarter

On August 11, DL News cited PitchBook data that crypto startups raised a total of $2.7 billion in Q2, with 503 financings. The amount of financing increased by 2.5% compared to the previous quarter, but the number of transactions decreased by 12.5%.
PitchBook said that as investor sentiment recovers, the number and pace of investment are expected to continue to grow throughout the year.

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11 августа 2024 15:51

Farcaster has more than 650,000 users and the total revenue of the protocol exceeds 2.23 million US dollars

According to financial reports, Dune data shows that the current number of users of the decentralized social protocol Farcaster has exceeded 650,000, but the daily active users and user activity have declined compared to the peak (daily active users are 43,000-46,000). In addition, Farcaster's total revenue has exceeded 2.23 million US dollars, currently reaching 2.233 million US dollars

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11 августа 2024 14:54

Tornado Cash developer Alexey Pertsev seeks to raise more funds to fight legal action

On August 11, Tornado Cash developer Alexey Pertsev's legal dispute has reached a critical moment, and he is seeking to raise more funds to fight the lawsuit. Last month, a Dutch court announced that it refused to release Alexey Pertsev, so he had to prepare for further appeals.
In addition, another Tornado Cash developer Roman Storm will go on trial in the United States in September. He is charged with money laundering, conspiracy to operate an unlicensed money transmission business, and conspiracy to violate US sanctions laws.

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