Day: August 18, 2023

eToro co-founder Yoni Assia’s life in finance led him to adopt crypto early

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Yoni Assia, co-founder and CEO of eToro, entered the finance industry early. After receiving stock as a bar mitzvah gift, he became a successful trader while still in high school. Those profits largely disappeared as the dot-com bubble burst just as he was beginning his military service. That would turn out to be the first of a number of dramatic highs and lows Assia has seen in his career. In this episode of Cointelegraph’s Crypto Stories, Assia recounts the early days of eToro and the launch of crypto trading on…

Here’s Why BTC Could Plunge Below $26,000

Bitcoin, the cryptocurrency often referred to as ‘digital gold’, has been on a roller-coaster ride lately. Over the past decade, Bitcoin has transformed from an obscure digital token into an economic powerhouse, drawing attention from retail investors to global financial institutions. However, as recently observed over the past 24 hours, the asset’s resistance is being tested as a report from Santiment reveals chances of it plunging below the critical $26,000 mark. Whale Activity Driving Bitcoin Price Movement Whale activity, or large-scale investors, has historically played a pivotal role in determining…

Elon Musk says block feature to be ‘deleted’ on Twitter/X

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X owner Elon Musk revealed in an Aug. 18 post on the social media site formerly known as Twitter that he intends to delete the block feature for users on the app. Block is going to be deleted as a “feature”, except for DMs — Elon Musk (@elonmusk) August 18, 2023 The comment came in response to a post from the “Tesla Owners Silicon Valley” account, which questioned why users didn’t simply employ the “mute” feature instead of the block one. Other users were quick to reply, and as of…

Binance considers legal action against Checkout​.com as partnership ends

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Crypto exchange Binance is considering legal action against its former payment provider Checkout.com, a spokesperson for Binance told Cointelegraph on Aug. 18. The potential legal dispute arises from letters sent by Checkout.com to Binance on Aug. 9 and Aug. 11. According to a Forbes report, Guillaume Pousaz, CEO of Checkout.com, ended the relationship with Binance, citing “reports of regulators actions and orders in relevant jurisdictions,” along with concerns about Anti-Money Laundering, sanctions and compliance controls. “We do not agree with Checkout’s purported basis for termination and are considering our options…

Block Production Resumes Despite Stuck ETH

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The Shibarium didn’t get off to a flying start following its launch on August 16. However, the network aims to move past these incidents as block production resumes. Developers Restarts Network Data from Shibariumscan.io shows that the layer-2 network is up and running again. Shibarium had on August 17 paused block production following the traffic surge, which overwhelmed the blockchain upon mainnet launch.  Close to $1.7 million in bridged funds had reportedly gotten stuck on the Shibarium bridge, with lead developer Shytoshi Kusama confirming that the funds were irrecoverable. However,…

U.S. Securities and Exchange Commission Inches Closer to Appealing the XRP Decision in Ripple Lawsuit

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The U.S. Securities and Exchange Commission (SEC) is getting closer to filing an appeal on their recent partial defeat in their lawsuit against Ripple. James K. Filan, a defense lawyer and crypto legal expert, notes that District Judge Analisa Torres has set a briefing schedule for “the SEC’s request to file a motion for leave to file an interlocutory appeal.” “This does not mean an interlocutory appeal has been authorized. It just means the SEC is allowed to request it.”  Torres says in her order that the SEC should file…

Australia convicts crypto fintech Helio of misleading license claims

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio Lending would face a good-behavior bond for a year after falsely claiming in 2019 that it held an Australian credit license. According to ASIC, Helio misled its customers by stating it had a credit license when it didn’t have…

Bitcoin Investors Fall Into Fear As BTC Crashes To $26,500

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Data shows the Bitcoin market sentiment has plunged into fear as the cryptocurrency’s price has observed a crash to the $26,500 level. Bitcoin Fear & Greed Index Points At “Fear” In The Market The “Fear & Greed Index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and wider cryptocurrency market. This metric uses a numeric scale that runs from 0-100 for displaying the sentiment. All values above the 54 mark suggest the presence of greed among the investors, while those below 46 imply…