Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Binance applies for Taiwan AML compliance: Report

The world's leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.

US regulators consider regulating political deep fakes ahead of 2024 election

The Federal Election Commission in the U.S. unanimously voted to advance a petition to regulate political ads that use artificial intelligence.

Worldcoin opens up WLD reservations for unverified users

Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched.

Worldcoin opens up WLD reservations for unverified users

Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched.

Bitcoin trader reveals 'important' BTC price zone as bulls hold $29.3K

Bitcoin traders continue to battle for control of a rangebound market — but some nearby BTC price levels are more significant than others.

Visa explores crypto gas fees payments through cards

Visa’s innovative solution employs Ethereum's ERC-4337 standard and the "paymaster" smart contract, enabling off-chain gas fee settlement.

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

Lawyer Oscar Franklin Tan believes that if the appeal is allowed, whoever wins will build momentum in the main case.

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

Lawyer Oscar Franklin Tan believes that if the appeal is allowed, whoever wins will build momentum in the main case.

California commission outlines campaign disclosure requirements for crypto

The California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contributions to political candidates and committees.

Canada to develop repository for storing crypto and NFT seizures

The Royal Canadian Mounted Police is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens.

Coinbase layer-2 network Base hits 136,000 daily active users

Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior.

Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst

Approval of spot Bitcoin ETFs in the United States will likely push the country's share of crypto ETF trading volumes even higher, says a Bloomberg analyst.

XRP briefly hits $50 on Gemini as users suspect relisting 'price glitch'

282 Total views

Listen to article
News

Crypto users are reporting seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange, only hours after it relisted the token on its platform for deposits and trading.

Several crypto community members on X (Twitter) have posted screenshots of what many have described as a "price glitch" that has seen XRP’s displayed price on the exchange rise above $1 a number of times and even spiking to $50 on one occasion.

However, the current market price for XRP is $0.63 according to the crypto tracking website CoinGecko.

Meanwhile, as of Aug. 11, 1:25 am UTC, Gemini announced it has put its platform into full site maintenance.

image

Argentine agency opens investigation into Worldcoin over biometric data

The Agency for Access to Public Information in Argentina was the latest government body to investigate Worldcoin, with reports suggesting probes in Germany, France and Kenya.

SEC announces $24M settlement for case against Bittrex and its former CEO

The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.

Aave DAO opens voting on proposals to reduce CRV exposure

Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.

Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign

Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program.

3 reasons why Ethereum price is still pinned below $1,900

Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal's Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs).

PayPal's entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets.

At the same time, the United States Securities and Exchange Commission (SEC) has recently witnessed a surge in applications for Ether exchange-traded funds (ETFs), which mirrors a trend of major asset management firms seeking to establish spot Bitcoin ETFs.

ETH’s drop in DApp deposits and active users is concerning

The Ethereum network is having problems because of high gas fees, which are the costs for transactions, including those done with smart contracts. For the past two months, the average transaction fee has been more than $4, which limited the demand for its decentralized apps (DApps).

Ethereum network applications' total deposits in ETH. Source: DefiLlama

There has been a noticeable decline in the total value of deposits locked (TVL) in the Ethereum network. This decrease marked the lowest TVL level observed over the past three years, as reported by DefiLlama.

image

3 reasons why Ethereum price is still pinned below $1,900

PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal.

Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisition

The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations.

Image