[ad_1] Telegram to build a decentralized crypto exchange, Apple blocks Coinbase NFTs and SBF interviews attract less than stellar reviews. These stories and more this week in crypto. New Decentralized Exchange by Telegram Privacy-focused messaging platform, Telegram, announced that the company would begin building “non-custodial wallets” and “decentralized exchanges”, that would let millions of users safely trade their crypto. Founder and CEO Pavel Durov said this way they can fix the wrongs caused by excessive centralization, which let down hundreds of thousands of cryptocurrency users in the FTX fiasco. Apple Blocks Coinbase NFTs Coinbase customers using Apple devices will no…
Author: Robert McCracken
[ad_1] El Salvador is buying one Bitcoin per day, Pantera Capital reveals its Bitcoin price target with a timeline and the FTX saga continues as contagion spreads through the crypto market. These stories and more this week in crypto. El Salvador Buys the DIP El Salvador President Nayib Bukele announced his country would be buying one bitcoin every day for the foreseeable future. Over the past year, Bukele has been outspoken about his policy of buying the dip during moments of crisis in the crypto markets. The Central American nation currently holds a bitcoin treasury of over 2000 BTC, valued…
[ad_1] The world’s second largest crypto exchange files for bankruptcy, and trading platforms provide proof of reserves to halt the liquidity crisis. Will the crypto market recover? These stories and more this week in crypto. Crypto Exchange FTX Filed For Bankruptcy After shocking the industry with a liquidity crisis, FTX has filed for bankruptcy in the U.S. A statement detailed that FTX and around 130 affiliated firms have commenced voluntary proceedings to provide the FTX Group the opportunity to assess its situation and maximize recoveries for stakeholders. Sam Bankman-Fried has stepped down from the role of CEO. Binance Walked Away…
[ad_1] Binance’s blockchain is hacked, Celsius leaks user data in a court filing and Satoshi’s long-lost Bitcoin code is found. These stories and more this week in crypto. Binance’s BNB Blockchain Hacked Hackers have stolen around $600M worth of BNB tokens from Binance. Hackers targeted Binance Bridge, a cross-chain bridge that allows for the transfer of tokens between two blockchains operated by the Binance exchange, collectively known as BNB Chain. Once discovered, Binance halted the blockchain entirely, and expects that many of the tokens can be frozen or recovered. Bankrupt Celsius Leaked Users’ Data Bankrupt crypto lender Celsius has revealed…
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[ad_1] The Ethereum merge: successful, Coinbase shines a light on which politicians are crypto-friendly and Dogecoin becomes the second largest Proof of work coin. These stories and more this week in crypto. Ethereum’s Merge Was Successful The Ethereum network’s highly anticipated ‘Merge’ was successfully executed on Thursday, September 15th. This completes Ethereum’s transition from a proof-of-work to proof-of-stake consensus, reducing the network’s energy consumption by 99.95%. In an effort to make history, a user paid $60K, or about 36 Ether in fees, to mint the very first NFT on Ethereum after the Merge. This non-fungible token became the first to…
[ad_1] The crypto market collapses to a three-month low, Binance invests in Twitter with Elon Musk, and Luna buys $1.5 billion in Bitcoin for its stablecoin reserve. These stories and more this week in crypto. Crypto Market Collapses to Three Month Low Cryptocurrencies have found themselves trading at three month lows this week in a downturn that saw Bitcoin trading below $36,000 and Ether at less than $2700. The Federal Reserve’s announcement to raise interest rates is thought to have sparked the sell-off which also hit equity markets. Binance Invests in Twitter Cryptocurrency exchange Binance committed $500 million with…
[ad_1] Luna and its stablecoin tumble the whole crypto market, Coinbase reports first quarter losses and Instagram begins testing NFTs. These stories and more this week in crypto. Stablecoins Are No Longer Stable TerraUSD, a high-profile stablecoin depegged and was trading as low as 12 cents, fueling deep panic across the whole crypto market. Amid the marketwide crash, Tether — the world’s largest stablecoin, reliably seen as a safe on-chain placeholder for crypto investors, also briefly broke its peg to the US dollar, trading at one point at 95 cents. The price of Bitcoin fell as low as $26,000…
[ad_1] More and more countries push for crypto regulation, FTX launches stock trading and Ethereum is getting closer to the proof of stake model. These stories and more this week in crypto. G7 Countries Call for Crypto Regulation G7 countries have called for the swift and comprehensive regulation of cryptocurrency in light of the Terra stablecoin collapse last week. The countries’ finance ministers and central bankers are asking the Financial Stability Board, or FSB, to advance consistent and comprehensive regulation before the next G7 gathering. Developing Nations Discuss Bitcoin Central bankers and financial chiefs representing 44 nations met in El…
[ad_1] The final countdown to the Ethereum merge begins, GameStop doubles down on crypto and a group of traders just made a fortune on a Coinbase glitch. These stories and more this week in crypto. Bitcoin Tops as the Dollar Drops Bitcoin surged past $21,000, marking its best day in months as the U.S. dollar index fell by 1% and markets were buoyed by the Fed’s hint of a softer monetary approach. Bitcoin rose more than 10% in a single day, its largest daily percentage gain since mid-July. Final Countdown to the Ethereum Merge The Ethereum blockchain’s Merge is officially…