Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
Nomad token bridge drained of $190M in funds in security exploit
Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours.
Honduras attracts crypto investor tourists with Bitcoin Valley
Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending.
Tether calls thesis behind USDT short-selling ‘flat out wrong’
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether.”
Marriages and court cases can be held in the metaverse
Singapore’s Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient.
Solana Spaces store to bring 100K people to Solana per month — CEO Vibhu Norby
The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world.
Experts yet to explain massive spike in ETH active addresses
The sudden dramatic spike in active addresses on the network has left many guessing about the cause.
Zuckerberg unfazed about $2.8B metaverse division loss in Q2
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg.
KuCoin CEO Johnny Lyu launches ‘Anti-FUD Fund’
The exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower who claimed the exchange was insolvent.
IMF global outlook suggests dark clouds ahead for crypto
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.
‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode
The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover.
LidoDAO rejects sale of 10M LDO tokens to Dragonfly Capital
The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising.
Experts clash on where virtual reality sits in the Metaverse
Experts have given mixed views on what role virtual reality technology will have in the Metaverse.
Stablecoin projects need collaboration, not competition: Frax founder
As long as stablecoin “liquidity is growing proportionally with each other,” there won’t ever be true competition between stablecoins, says Frax Finance’s Sam Kazemian.
Voyager rejects Alameda buyout offer as it ‘harms customers’
The buyout proposal from Alameda and FTX seems to have upset Voyager’s lawyers, who do not see the offer as a serious one that would benefit its users.
BlockFi had $1.8B in outstanding loans in Q2: Report
Crypto lender BlockFi outlined the total amount of loans and net risk exposure it carried at the end of Q2 2022, and shared how it is managing liquidity and credit risk.
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before.
Large institutions sold $5.5B in BTC since May — and we’re still here
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research.
SEC objects to XRP holders aiding Ripple defense
As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense.
Sustainable Bitcoin mining power mix hits 59.5%: BTC Mining Council
The latest Q2 report also details how energy efficiency among Bitcoin miners is on the rise.