U.S. Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase’s motion to dismiss against the U.S. Securities and Exchange Commission (SEC) lawsuit. Drawing attention to the Lummis-Gillibrand Responsible Financial... Read more »
Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro... Read more »
The Lightning Network is a Layer-2 solution designed to address Bitcoin transactions’ scalability and speed issues. It creates off-chain payment channels that allow users to conduct transactions almost instantly and at a... Read more »
The Securities and Exchange Commission’s (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come... Read more »
A price glitch on Gemini saw the value of Ripple’s XRP rise above $1 on Aug. 10 after the crypto exchange relisted the digital asset, according to data from the exchange. Source:... Read more »
A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. The vulnerability can also... Read more »
Decentralized exchanges (DEX) on Coinbase newly launched layer2 network Base had more trading volume than those on established layer1 networks like Cardano (ADA) and others less than 24 hours after it went... Read more »
Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted... Read more »
Authorities in India have apprehended the perpetrators behind a multi-million dollar cryptocurrency Ponzi scheme, as reported by The Indian Express on Aug. 8. The fraud involved a cryptocurrency project known as STA... Read more »
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese man’s $10M loss as court says Bitcoin lending not protected by law A man in China’s Jiangsu... Read more »
