Crypto news

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on Monday represents the latest development in the legal battle between the SEC and Coinbase. The exchange is attempting to...

A hacker who grabbed hundreds of millions from 2022’s Nomad bridge hack capitalized on ETH’s price drop to buy large amounts of the asset at a low price. They exchanged 39.75 million DAI for 16,892 ETH on August 5. ETH had dropped by over 20% in 12 hours, going from $2,760 to $2,172, which the hackers took advantage of. Lookonchain, an analytics firm analyzing on-chain activity, posted about the incident on X, “The #Nomad Bridge Exploiter spent 39.75M $DAI to buy 16,892 $ETH an hour ago and...

The ongoing turmoil in the Japanese and United States stock markets has triggered heightened volatility in the crypto space. This highlights the interconnectedness of global markets and Bitcoin’s growing correlation with traditional finance (TradFi) markets. Analysts at the crypto exchange Bitfinex explained in the latest Alpha report that Bitcoin’s rising correlation with TradFi markets could mean continued downward momentum for the digital asset if stock market declines...

Two U.S. Senators have introduced a bill that proposes to give the Secret Service the ability to prevent money laundering using cryptocurrencies. Charles Grassley (R-Iowa) and Catherine Cortez Masto (D-Nevada) brought the bill titled “Combatting Money Laundering in Cyber Crime Act of 2024” on August 2. If passed, the bill would allow the Secret Service to go after criminal organizations using crypto to evade money laundering laws and commit fraud against U.S. financial institutions. Senator...

The crypto arm of Jump Trading, Jump Crypto, has unstaked about 120,000 ETH worth over $275 million. Jump Crypto will likely sell these assets as it has been moving them to crypto exchanges Binance, Coinbase, OKX, Bybit, and Gate.io wallets, according to Arkham Intelligence data. On-chain analyst Ember CN mentioned on X, “Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth US$410 million in batches into ETH and then transferring it to exchanges such...

[PRESS RELEASE – Austin, USA, August 6th, 2024] Bitcoin Startup Lab has initiated the Bitcoin Olympics along with other Bitcoin industry leaders, the largest online Bitcoin hackathon to date. Running from August 1st to 27th, the event will culminate in an award ceremony at BTCON on September 4th, celebrating the achievements of participants and the collaborative efforts of Bitcoin Olympics Partners and the Bitcoin ecosystem. Event Highlights Bitcoin Startup...

[PRESS RELEASE – Dubai, United Arab Emirates, August 6th, 2024] Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced its latest product: Bybit Pre-Market Perpetuals. This innovative offering enables users to trade perpetual contracts on forthcoming tokens, providing an opportunity to engage with future values prior to their official market debut. Pre-Market Perpetuals are designed to offer early access to potential promising new contracts....

Team Lead Péter Szilágyi has raised concerns about the future direction of the Ethereum blockchain network. His concerns center around the Ethereum PeerDAS proposal, which includes increasing the size of Ethereum blobs to 32 MB. Szilágyi argues that this upgrade would make it difficult for home stakers, who typically use simpler computing setups, to participate in the network. This, he believes, goes against the decentralized ethos of Ethereum. At this point I’d be happy to proven otherwise,...

Bitcoin treasury firm Semler Scientific has added another $6 million in Bitcoin to its balance sheet, comprising more than the entirety of the medical company’s Q2 earnings. The purchase reflects an ongoing commitment to Semler’s Bitcoin acquisition strategy despite the asset recently tapping its lowest price level since February. Semler Scientific Buys More Bitcoin In a Monday press release, Semler confirmed that it hauled $5.4 million in profit during the second quarter....

Zeebu, the Web3 payments and settlement platform for the telecom industry, announces a new partnership with SilentSwap, the privacy-focused cross-chain aggregator powered by Secret Network. This collaboration aims to enhance privacy and security for transactions, advancing Zeebu’s mission to revolutionize global telecom settlements. Zeebu’s platform, known for its blockchain-based solutions that ensure trustless, frictionless, and superfast global transactions, will now benefit from...