Crypto

Source: Coin Tegraph Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term. Read Full Article

Source: Bitcoinist The sharp decline in the price of Bitcoin (BTC), the world’s largest cryptocurrency, has taken a heavy toll on short term holders. Recent reports have revealed that many of these BTC holders are now in the red, suffering losses from the cryptocurrency’s price crash and ongoing market volatility.  Short-Term Holders Under Pressure On…

Source: Coin Tegraph Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order. Read Full Article

Source: Bitcoinist The turbulent UK cryptocurrency landscape sees the Financial Conduct Authority report that 87% of crypto registration applications failed in the last fiscal year. This is a staggering fact that brings up very serious questions concerning the effectiveness of anti-money laundering controls in the industry. Only four out of 35 applications were approved, underlining…

Source: Coin Tegraph According to a recent FBI warning, North Korean hackers are “aggressively targeting” the crypto industry with “well-disguised” attacks. Read Full Article

Source: Bitcoinist The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu’s Layer 2 solution, has successfully achieved a substantial milestone in NFT minting. Concurrently, K9 Finance, the ecosystem’s official staking solution, is set to launch a staking solution for BONE after…

Source: Coin Tegraph This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan. Read Full Article

Source: Bitcoinist The US Treasury Department is intensifying its efforts to regulate crypto transactions linked to terrorist organizations, notably Hamas, as it seeks to address national security risks associated with virtual assets.  According to a recent Bloomberg report, Treasury officials revealed they are investigating approximately $165 million in cryptocurrency transactions believed to support Hamas, a…

Source: Coin Tegraph Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July. Read Full Article

Source: Bitcoinist Shiba Inu is one of the altcoins that have been hit, especially in the crypto market crash, seeing a substantial decline from its 2024 highs. However, this has not deterred community members from their mission of trying to reduce the meme coin’s supply through burning. Over the last day, there has been a…