While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.
88% of Nomad Bridge exploiters were ‘copycats’ — Report
Copycats used the same code as the original hackers but modified the target token, token amount, and recipient addresses.
Truly decentralized Web3 needs more developers: Animoca co-founder
Animoca Brands’ Yat Siu said developers continue to “struggle under the yoke of centralized platforms,” urging them to move into the Web3 space.
Iran makes $10M import with crypto, plans ‘widespread’ use by end of Sept
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals.
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
It’s the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021.
Korea Blockchain Week, Aug. 9: Second-day takeaways from the Cointelegraph team
Discussions about the Metaverse dominated the final day of Korea Blockchain Week’s mainstage conference.
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3, says Animoca’s co-founder.
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
“Greater clarity” around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report.
F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards.
DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022
1Inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption
60 million NFTs could be minted in a single transaction: StarkWare founder
The StarkWare founder announced the launch of its new Recursive validity proof technology on Aug. 7 in Seoul.
Congress will likely decide the fate of crypto jurisdiction: Lummis staffer
U.S. Congress will need to step in to decide who gets crypto regulation bragging rights if the SEC and CFTC cannot resolve the issue internally.
Crypto fundraising already outpacing all of 2021: Report
The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022.
ETH may consolidate as Merge excitement wears off, says expert
Markus Thielen of Singapore asset manager IDEG believes ETH could be headed for a consolidation phase, turning “cautious” on the cryptocurrency.
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
Facebook’s metaverse will ‘misfire,’ says Vitalik Buterin
Vitalik Buterin claims Meta is jumping the gun with metaverse innovation because “it is far too early to know what people want.”
Tiffany & Co turning CryptoPunk NFTs into $50K custom pendants
The customized pendants are set to cost 30 ETH a pop and will go on sale on August 5.
Japan’s crypto groups call for end of taxing paper gains
Danny Talwar from crypto tax platform Koinly said Japan’s regulatory environment makes it difficult for businesses and individual investors to hold digital assets in Japan.
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs.
Bitcoin’s longest ‘extreme fear’ streak finally breaks
After 73 days of “extreme fear” on the Crypto Fear and Greed Index, investors can breathe a very small sigh of relief.