Crypto news

Less than two weeks after the court revoked Sam Bankman-Fried’s bail, his legal team has requested that his freedom be returned to him during weekdays, arguing that the confines of jail are, surprisingly, too restrictive and do not offer him the circumstances necessary to properly prepare for his upcoming trial. Improper Conditions SBF’s eye-watering $250 million bond was revoked on the 11th of August following the leak of Caroline Ellison’s private diary and other...

Mighty Bear Games has joined hands with web3 game developer Treasure to move its “Mighty Action Heroes” series to the Arbitrum blockchain. Mighty Bear Games and Treasure… A Perfect Match? CEO of Mighty Bear Simon Davis explained in an interview: The Treasure ecosystem is built on Arbitrum, and this creates a positive reinforcing dynamic between the chain and Treasure’s own ecosystem. The fact the two are closely intertwined is mutually beneficial and helped make...

Orange prices have been on the rise since 2020, but this August, the commodities futures markets expect them to surge. At the same time, orange juice futures are hitting record highs: “In recent weeks, prices in the OJ futures market have topped $3 per pound. Around this time last year, prices were hovering at around $1.81 per pound. The price increase has been fueled primarily by short citrus supply around the globe.” Imagine how pricey oranges could get if the supply was...

Despite recovering a few hundred dollars since yesterday, bitcoin’s price is still shaky at around $26,000. Most alts have finally turned green, albeit in a very modest fashion, with XRP maintaining the $0.5 line. BTC Shaky at $26K After last week’s uneventful price performance, BTC headed north on Monday and touched $29,700. This came a day before Europe saw the first spot BTC ETF going live on Euronext Amsterdam. While that seems to be bullish news on the surface, the...

On Aug. 15, the Ethereum Foundation listed projects and community events that received funding in Q2. Furthermore, the Foundation spent a total of $9.2 million supporting projects, conferences, and industry research. The largest number of recipients were community and education projects which included more than ten summits and conferences. Time to round up all the projects that received funding last quarter 🤠 Read all about ‘em in our Allocation Update: Q2 2023 blogpost!...

After a prolonged period of silence near the critical $30K threshold, the price has encountered significant rejection, resulting in a swift and rapid decline. However, the current scenario shows the price consolidating close to the crucial support range of $25K, where it could potentially find a bottom and halt further downtrends. Technical Analysis By Shayan The Daily Chart Following a minor corrective phase, where a bearish divergence occurred between the price and the RSI...

Coinbase recently introduced “Base” to foster a community of developers dedicated to constructing decentralized features for its users. While Base is geared toward enhancing the exchange’s utility and encouraging greater customer engagement, this new blockchain attracted more than 500 fraudulent tokens in a relatively brief period. Scam token creators thrive on “hype, promise, and price and volume manipulation.” The fervor surrounding the Base network is no different in this...

There are several bitcoin mining facilities out there working hard to reduce the number of emissions they produce. Bitcoin Mining: Could It Become Cleaner? Bitcoin mining has endured a bad rap over the years for several reasons, a big one being that allegedly, it puts Earth’s atmosphere in harm’s way. According to several reports, bitcoin mining uses more energy than most developing countries. There are also several high-ranking individuals out there that have...

Bitcoin is down for the week, but it’s still up about 50% YTD. Meanwhile, Bitcoin mining stocks have jumped by over 200% year-to-date. One miner stock, Cipher Mining (CIFR), is up by a whopping 389% for the year so far. Bitcoin price fell 10% against USD Thursday amid speculations that SpaceX might have sold its remaining holdings. That brings the most work-based cryptocurrency down to what may be a bargain price at this time in its halving cycle, at under $26,000. While...

Bitcoin ATMs are largely becoming the centers of crypto fraud schemes, according to law enforcement agencies around the country. Bitcoin ATMs and the Problems They Attract For example, one woman from the city of Clive in Polk County, Iowa, was involved in a bitcoin ATM scam that saw her lose more than $6,600. She received a call from someone claiming to be part of the Polk County Sheriff’s office, and the caller said that if she didn’t go to her nearest crypto ATM...