Bitcoin, the largest cryptocurrency by market capitalization, was recently trading just below $29,200, roughly flat over the past 24 hours. BTC has been trading between $29,000 and $29,500 for much of the past 11 days and seems increasingly immune to outside events that once had a greater impact on prices and continue to weigh on other risk assets. Original
The Solana price experienced notable gains in mid-June, but a recent correction phase has pulled it down to $22, which has found strong support. The technical outlook currently leans towards the bears, suggesting a potential slight dip before a possible turnaround. The altcoin attempted to rise from the support level in the past week, but the bullish momentum waned. Despite the chance of a rally due to a demand zone below $22, a new resistance at the $25 level may pose a challenge. As Bitcoin slipped into the $29,000 range,…
Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools. According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining 90%. The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, which would bring the bounty close to $7 million. Dear hacker, you’ve got an incoming messagehttps://t.co/ZKJjrO65PX — Curve Finance…
The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project. The project used a version of the DDP’s Champion Model. In it, a simulated central bank issued CBDCs to an intermediary bank, which provided access to it to Western Union (WU) for remittance to a BDO Unibank customer in the Philippines. WU used a decentralized exchange (DEX) to trade a dollar CBDC for…
Recently, the DAO rebranded to Links Golf Club and is now offering new membership tiers in order to spur up new capital. The lowest tier, Starter, is available for $99 a year and offers access to the group’s digital community and discounts on merchandise with partner golf brands. The second tier, Player, grants access to Links’ peer-to-peer network of over 800 private courses and is priced at $499 a year. The highest tier, Pro, costs $1,499 a year and offers access to over 1,300 member-hosted and private courses, along with…
Curve Finance’s native token CRV has recovered from a 6-month low, and many believe that the news of Huobi co-founder Jun Du buying CRV tokens has contributed to it. Jun Du bought 10 million tokens valued at $4 million from Micheal Egorov, founder of Curve. Egorov had offered his tokens for sale to bolster his at-risk loan positions, primarily for borrowing stablecoins using CRV tokens as collateral. Some Positives For Curve Finance Despite Hack Curve Finance, one of the biggest DeFi protocols on the Ethereum blockchain, recently saw its in-house…
Smart contract computer language Lexon (LEX) launched a compiler on Aug. 3, allowing developers to write contracts in Lexon and have them be converted into Solidity, Sophia or JavaScript, according to statements made to Cointelegraph by Lexon founder Henning Diedrich. The compiler runs on the Aeternity (AE) blockchain network and charges LEX tokens as payment for each compilation cycle. Dubbed “the computer language anyone can read,” Lexon is a computer language intended to seem like an ordinary written or spoken language. Specifically, the current version is developed to look and…
“Had Figure not withdrawn its application, both law and common sense would have dictated that regulators reject it,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, in a statement that accused the company of making insufficient plans to meet a bank’s customary obligations under the Community Reinvestment Act. “This is good news for anyone who thinks we should have a stable, safe and appropriately supervised financial system.” Source
New York-based crypto exchange Coinbase reported revenue in the amount of $708 million in the second quarter of 2023, despite the regulatory issues it’s faced in recent months, boosted by a custody deal with Blackrock and institutional focus. The exchange said Q2 net revenue reached $663 million, down 10% versus the same period last year, yet beating early estimates on its growing market dominance in the United States as competitors such as Binance are bogged down by regulatory trouble. The crypto exchange’s impressive performance was also attributed to the strong…
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