[ad_1] A new altcoin project wants to scan your eyeballs, Blackrock reveals an astonishing Bitcoin recommendation, and can you guess which country now hosts a growing crypto miner community? These stories and more, this week in crypto. Worldcoin Project Going Live Open AI’s founder Sam Altman’s cryptocurrency project, Worldcoin, is rolling out its services globally amidst US regulatory challenges. Its blockchain technology will require identity verification through an eye-scanning metal orb. The innovation aims to tackle the future difficulty of distinguishing between humans and robots, granting tokens to users only after proving to be human. Crypto Millionaire Found Dismembered Cryptocurrency…
Author: Robert McCracken
[ad_1] Leaked photos reveal Block’s new hardware wallet, crypto firms are flocking to Singapore and who’s posting from Satoshi Nakamoto’s X account? These stories and more, this week in crypto. Block’s BitKey Wallet Revealed New images of BitKey have emerged, sparking anticipation for the product’s upcoming beta release. Bitkey is the Bitcoin hardware wallet in development by Jack Dorsey’s Block, and features a unique hexagonal design with an integrated fingerprint sensor for enhanced security. Block has refrained from commenting on its shipping status, but in June they announced that beta testers could apply to receive one of the devices for…
[ad_1] The founder of HEX faces fraud charges, Binance is still doing business in China and copy trading: who’s doing it? These stories and more, this week in crypto. SEC Charges HEX Founder With Fraud The US SEC has charged HEX and PulseChain founder Richard Heart with defrauding investors of millions through the illegal sale of unregistered crypto securities. The SEC also claims he misappropriated $12 million for luxury goods like a Rolex, McLaren, Ferrari, and a $4 million black diamond. HEX’s market cap plunged by $500 million in the two days following the news. WSJ: Binance Does Business in…
[ad_1] PayPal launches its own stablecoin, Bankman-Fried is back behind bars, and does being scammed make you a better trader? These stories and more, this week in crypto. PayPal Launches Dollar-backed Stablecoin Payments giant PayPal has launched its own U.S. dollar-pegged stablecoin. Backed by U.S. dollar deposits and short-term U.S. treasuries, the stablecoin will be issued by Paxos with the ticker symbol PYUSD and will be available first for US users. PayPal is the first major fintech firm to embrace digital currencies for payments and transfers. SEC Delays Decision on Spot Bitcoin ETF The US SEC has postponed its decision…
[ad_1] Crypto’s selloff causes mass liquidations, SpaceX trims its crypto holdings and does President Trump have a secret crypto wallet? These stories and more, this week in crypto. Crypto Sell-Off Causes Mass Liquidations Bitcoin plunged to its lowest price since June, and crypto prices fell harder than equities amid a broader market decline. Extensive risk off sentiment saw major tokens like Ether, Binance’s BNB, Cardano’s ADA and Solana’s SOL tokens all falling by 10%. A sudden cascade of mass liquidations, with over a $1 billion liquidated in a 24 hour period, intensified the fall. Musk’s SpaceX Reduces Crypto Holdings Elon…
[ad_1] Pantera Capital predicts a price for Bitcoin, Binance’s traditional finance partners head for the exits, and are North Korean hackers cashing out millions in stolen crypto? These stories and more, this week in crypto. Bitcoin’s Most Oversold Level Since Covid Crash After falling by over 10%, technical indicators show Bitcoin as being extremely oversold as investors preferred increased bond yields over risk-on assets. Bitcoin’s relative strength index, or RSI, dropped below 30, its lowest level since the Covid crash in March 2020. A reading below 30 implies that the price has dropped too quickly relative to its recent average.…
[ad_1] Elon Musk’s X acquires a crypto license, Robinhood buys back its shares from Sam Bankman-Fried and a crypto streamer exposes his private key during a livestream. You can guess what happened next. These stories and more, this week in crypto. Gains Erased on Regulatory Decisions Bitcoin and other major cryptocurrencies experienced a rollercoaster of high volatility this week. An encouraging court decision launched the market on Tuesday, but on Thursday, the SEC released news that brought it back to earth, erasing the gains from earlier in the week. The market as a whole recorded a red candle for August,…
[ad_1] The first spot Ether ETF application is submitted in the U.S. Google allows NFT advertising, and a mom gets community service for Crypto.com’s mistake?! These stories and more, this week in crypto. Spot Ether ETF Submitted in the U.S. Cathie Wood’s Ark Invest, in partnership with 21Shares, seeks to launch the first spot Ethereum ETF in the United States. The application submitted to the SEC named Coinbase as custodian, meaning the crypto exchange would hold the Ether backing the ETF shares. If approved, the fund would trade on the Cboe BZX Exchange. Google Allows NFT Game Ads Google has…
[ad_1] OneCoin’s ponzi founder learns his fate; Coinbase, Telegram, and MetaMask all introduce new features and a Bitcoin miner returns a $500,000 transaction fee. These stories and more, this week in crypto. $4 Billion Ponzi Founder Gets 20 Years The co-founder of the $4 billion OneCoin Ponzi scheme, Karl Sebastian Greenwood, was sentenced to 20 years in prison for his role in one of crypto’s largest frauds. Greenwood admitted guilt for creating a fraudulent cryptocurrency with his business partner, Ruja Ignatova, known as the ‘Cryptoqueen.’ The Judge highlighted OneCoin’s lack of blockchain, real token, or trading market, labeling it ‘a…
[ad_1] Binance warns of delisting stablecoins in the EU, an influencer-backed crypto exchange is busted in Hong Kong and you will never guess what you might find in a Venezuelan prison! These stories and more, this week in crypto. Bitcoin Tops August Mark Bitcoin extended its rally, climbing above the $27,000 mark for the first time since August. Altcoin markets also ticked upwards with Solana, Bitcoin Cash and Litecoin, rallying as much as 8% in two days. The buying pressure comes with the announcement that the Federal Reserve would pause raising interest rates, encouraging a risk-on appetite for investors. Binance…