Crypto news

Delaware, United States, August 16th, 2024, Chainwire Led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, and others. Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon,...

A wallet related to BitGo conducted a test transfer on Tuesday, following which it sent all its holdings to another wallet. A user on Reddit mentioned receiving the funds owed to them by Mt. Gox through BitGo. A wallet that received over $2 billion worth of bitcoin from Mt. Gox moved a minuscule amount on Tuesday before clearing the entirety of its holdings. While the value of its bitcoin holdings was over $2 billion two weeks ago when the funds flowed in, the price of the 33,105 bitcoins it...

More than half of cryptocurrency-related ads on Facebook are scams or in violation of Meta’s advertising policies, according to Australia’s consumer regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC took Meta to court over these deceptive ads in 2022. It accused the company of publishing misleading ads. These ads falsely used the likeness of celebrities to promote scams. The regulator argued that Meta had engaged in false and deceptive conduct. In addition to...

WazirX, the Indian cryptocurrency exchange, had scheduled a maintenance period to restore account balances and reverse specific trades following a major security breach. WazirX made this announcement on its social media platform, X. The maintenance occured from 6 p.m. on August 15 to 2 a.m. IST on August 16, during which all services on the platform were temporarily unavailable. The attack happened on July 18 and led to the theft of $234.9m worth of cryptocurrency assets. This hack was...

A United Arab Emirates court has recognized cryptocurrencies as a mode of salary payment in a landmark ruling affecting employment contracts. According to a report by Lexology, the ruling by the Dubai Court of First Instance starkly contrasts a decision taken in a similar case and highlights the growing adoption of cryptocurrencies in the UAE. Crypto as Salary Payment The plaintiff sued its former employer for wrongful termination and unpaid wages, seeking compensation and...

Gas fees on the Ethereum network have been declining since March 2024, but last week, they hit a level not seen in the past five years. Data on the crypto analytics platform Dune shows that the median Ethereum gas fee fell below 2 gwei last week for the first time since 2020. Median Ethereum Fees Plummet Since August 3, the median Ethereum gas fee has been falling below 2 gwei. Although the figure has recorded subsequent spikes, those upticks have only been momentary as the...

The broader cryptocurrency market lost around $70 billion in capitalization in the past seven days as the majority of the coins are trading in the red. This comes on the backs of considerable drops in the past few days, so let’s dive in. Starting with Bitcoin, the price was trading above $60K this time last week, and a push above $61K was even attempted during the weekend. As soon as Monday came, though, the bears took control and pushed the price below $59K. Buyers had an...

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XRP’s price has seen minimal volatility near the significant support region of the 200-day moving average at $0.54. Given the potential demand at this crucial juncture, a period of sideways consolidation is expected, with Ripple likely moving toward the $0.64 resistance region in the short term. By Shayan The Daily Chart Ripple’s price is showing minimal volatility near the crucial support level of the 200-day moving average at $0.54. After a slight rejection from the...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.