The head of product at Tools for Humanity, told Cointelegraph that Worldcoin is expecting more companies to integrate in the second half of the year.
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Universities are 'critical players' for the future of Web3 — Lbank Labs CEO
LBank Labs Czhang Lin said that it’s important for universities to understand Web3 and guide students toward the right vision.
BTC price meets CPI as volatility 'collapses' — 5 things to know in Bitcoin this week
Bitcoin is frustratingly calm and volatility is near historic lows — what could provide BTC price action with fresh fuel to discover a trend this week?
UK to expand crypto crime agency, hiring spree underway
The job involves investigating crypto fraud, money laundering and other blockchain-based crime performed by organized groups.
Crypto-centered public companies record profit beating Q2 estimates
The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies.
Crypto-centered public companies record profit beating Q2 estimates
The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies.
CoinGecko now has an index for crypto tokens alleged as securities
According to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”
CoinGecko now has an index for crypto tokens alleged as securities
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CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission (SEC).
The ‘Top Alleged Securities Coins’ page sorts the selection of crypto assets by market capitalization, placing Binance Coin (BNB) at the top of the list — followed by Cardano (ADA), Solana (SOL) and TRON (TRX).
The top 10 alleged securities tokens by market cap. Source: CoinGeckoA CoinGecko spokesperson told Cointelegraph that the index was launched in the first week of August and was constructed by compiling a selection of the most notable tokens which had been deemed securities by the SEC in past lawsuits.
Bitcoin OG bets surprising sum on BTC hitting $100K before the halving
Adam Back has joined a growing roster of market commentators who are bullish on the price of Bitcoin ahead of next year’s halving event.
Controversy as MakerDAO's Spark Protocol blocks users with VPNs
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.
At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with an error: “Accessing this website via VPN is not allowed.”
Cointelegraph tested accessing the site with Australian and Singapore-based VPNs and was met with the warning. Source: Spark ProtocolThe measure appears to be linked to Maker’s attempt to restrict United States users from accessing the crypto lending platform — discussed in Spark Protocol’s terms of service updated May 9 — which also warns against the use of VPNs to circumvent the block.
Spark Protocol’s terms of service prohibits U.S. users from using a VPN to conceal their U.S. residency. Source: Spark ProtocolIn an Aug. 6 tweet, DeFi analyst Chris Blec was among those saying he was “disgusted” with the decision, highlighting it effectively acts as a blanket ban on VPNs across the globe, not just in the U.S.
“It's one thing to block US residents,” Blec said, adding that “it's a whole other thing to block anyone in the entire world who is using a VPN for privacy,” said Blec, adding it is an “actual war on privacy.”
Controversy as MakerDAO's Spark Protocol blocks users with VPNs
Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy.
SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low
Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility.
Although it is difficult to predict the direction of the breakout with certainty, some analysts point to the Bitcoin whales increasing their exposure as a positive sign. On-chain analyst Cole Garner believes the bull move could continue till September when the summer seasonality kicks in and the shakeout happens.
Crypto market data daily view. Source: Coin360Bitcoin rose sharply in the first few months of the year but the major altcoins struggled to keep pace. That could change as the current consolidation in the largest cryptocurrency is giving an opportunity for select altcoins to play catch up.
What are the top-5 cryptocurrencies that are looking positive in the near term? Let’s study their charts to determine the resistance levels to keep an eye on.
Bitcoin price analysis
Bitcoin formed an inside-day candlestick pattern on Aug. 5, indicating indecision among the bulls and the bears. The price is getting squeezed between the 20-day exponential moving average ($29,430) and the horizontal support at $28,861.
SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low
Bitcoin remains stuck in a tight range, but select altcoins such as SHIB, UNI, OKB and HBAR are attracting buyers.
XRP price disappoints after court ruling, Deaton remains optimistic
While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level.
Bitcoin price can go 'full bull' next month if 200-week trendline stays
Bitcoin and crypto are in line for a classic breakout should multiple time-tested patterns continue, says analyst Cole Garner.
Tether unveils mining software to boost efficiency and capacity
The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity, leading to more effective operations.
FBI warns of phishing scams and social media account hijackers
The FBI warned that the account hijackers work to “create a sense of urgency” with their posts, and urged people to vet any website or potential opportunity before clicking on it.
Alchemix reports return of all stolen funds from Curve pools
The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd.
DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading: Hodler’s Digest, July 30 – Aug. 5
Curve Finance’s dramatic exploit exposes DeFi, DoJ concerns of a run on Binance, and Hong Kong debuts retail crypto trading.
DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading: Hodler’s Digest, July 30 – Aug. 5
Top Stories This Week
The decentralized finance (DeFi) ecosystem experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days, hammering the performance of tokens and even stablecoins as a result of the dramatic ups and downs in this story. As the community navigates the aftermath of this exploit, Cointelegraph compiled the week’s events, presenting a timeline of what happened since the hack on July 30.
The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers. According to people familiar with the matter, Justice Department officials are concerned about an indictment against Binance causing a run similar to what happened with FTX in November 2022. The officials are considering fines or non-prosecution agreements for Binance rather than criminal charges in an effort to reduce the harm to consumers. Binance has been targeted by a criminal probe in the U.S. for allegedly violating the country’s sanctions on Russia and has also faced lawsuits from U.S. regulators.
Hong Kong debuts retail crypto trading with HashKey and OSL
Digital asset firm HashKey has successfully obtained all necessary licensing to broaden its business from serving professional investors to taking on retail users, as Hong Kong expands its cryptocurrency trading to individual investors. The first license, Type 1, allows HashKey to operate a virtual asset trading platform under Hong Kong’s securities laws. The second one, Type 7, officially enables the firm to provide automated trading services to both institutional and retail users. OSL, another local crypto firm, received an upgrade to its existing license from Hong Kong’s Securities and Futures Commission, allowing it to offer Bitcoin (BTC) and Ether (ETH) trading to retail investors immediately.
Coinbase denies SEC told it to delist everything but Bitcoin
Coinbase has denied reports claiming that its CEO, Brian Armstrong, was once told by the U.S. Securities and Exchange Commission to delist all cryptocurrencies on its platform except for Bitcoin. In an interview with the Financial Times, Armstrong reportedly stated that the SEC wanted Coinbase to delist the nearly 250 tokens on its platform. According to a Coinbase spokesperson, however, the report is missing context and the SEC didn’t request Coinbase to delist any specific assets. SEC Chair Gary Gensler has previously claimed that “everything other than Bitcoin” is a security under the agency’s remit.
The crypto community has come together to celebrate the birthday of the Ethereum network, marking eight years since the Ethereum Foundation first sent the network live.
