Why is the crypto market down this week?

The cryptocurrency market has experienced a notable downturn recently, with the total market capitalization falling by 10% between August 14 and August 23, reaching its lowest point in over two months at... Read more »

Friend.tech driving Base transaction spike, Coinbase CEO reveals

Brian Armstrong, Coinbase CEO, highlighted how Friend.tech, a decentralized social application, is helping to fuel the growth and adoption of his exchange-backed Ethereum (ETH) layer-2 network, Base. In an Aug. 23 post... Read more »

BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

Numerous theories emerge whenever the price of Bitcoin takes a sudden and steep dive. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin (BTC) whales manipulating prices, overleveraged traders and... Read more »

Balancer announces $27M may be at risk due to vulnerability in DeFi pools

The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had... Read more »

South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South... Read more »

FTX bankruptcy hearing set for Thursday outlines key agenda

FTX Trading Ltd has filed an agenda for the next bankruptcy hearing on Aug. 23 before Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware. Thursday, Aug.... Read more »

Binance limits withdrawals in Europe, cites payment processor issues

Customers of the Binance cryptocurrency exchange are allegedly facing troubles with fiat withdrawals in Europe due to issues related to Single Euro Payments Area (SEPA) transfers. The exchange has allegedly suspended euro... Read more »

Friend.tech founders have controversial ties to failed NFT project Kosetto

Information on social media platform X(formerly Twitter) suggests that Friend.tech founders 0xRacerAlt and Shrimppepe have connections to a failed NFT project, Kosetto. Kosetto NFTs Kosetto is a tradeable NFT wearables project launched... Read more »

Ordinals still make up majority of Bitcoin txs despite price collapse

Ordinal inscriptions have continued to dominate activity on the Bitcoin network over the past week despite the cryptocurrency’s recent price decline and suggestions that the hype around Bitcoin NFTs have “died.” On... Read more »

Celsius set to vote on asset sale plan after court approves disclosures

Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court... Read more »
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