August 2, 2023

GameStop Terminates its Crypto Wallet Program Citing ‘Regulatory Uncertainty’

The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023.  The entity launched those features in the spring of last year, enabling users to manage digital assets and non-fungible tokens (NFTs). The End of the Offering GameStop disclosed on its official website that it...
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Bitcoin Ordinals Team Launches Non-Profit to Support Bitcoin NFT Developers

The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute,’ to fund its open-source development. The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers. The focus will also be on...
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Bloomberg Boosts Bitcoin Spot ETF Approval Odds To 65%: Here’s Why

Bloomberg ETF analysts have boosted their approval odds for a U.S. Bitcoin (BTC) spot ETF from 50% to 65%, in light of “recent events and new information.” The analysts believe it is most likely that the Securities and Exchange Commission (SEC) will simultaneously approve all recent applications for the product after Grayscale defeats the agency...
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XRP Price Losing the Grip; Has the Impact of the Ripple’s Win Faded off?

The much-awaited judgment in the Ripple vs SEC lawsuit was produced in favour of the company a few days ago. This caused the price to trigger a massive upswing of more than 100% in just a few hours and mark the highs at almost a dollar. However, the further updates may have caused the investors...
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Fitch Ratings Downgrades US Government Debt To AA+

Fitch Ratings – one of the world’s “Big Three” credit rating agencies – has removed the United States from its position among the very highest tier of long-term lending counterparties. The nation’s Long-Term Foreign-Currency Issuer Default Rating (IDR) slid from AAA to AA+ on Tuesday, prompting criticisms against Fitch from both the U.S. Treasury Department...
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Satoshi Coin Hosts Presale and Prepares to Launch Environmentally Friendly Cryptocurrency

[Press Release – London, United Kingdom, August 2nd, 2023] The cryptocurrency landscape is about to be shaken up by the release of Satoshi Coin, a new cryptocurrency that has a number of unique features. Satoshi Coin offers a novel approach to mining and staking through its Proof of Computing Power (PoCP) algorithm. The presale for...
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SBF Shouldn’t be Detained for Leaking Details From Ellison’s Diary, Lawyers Claim

Cohen & Gresser – an international law firm representing the former CEO of FTX Sam Bankman-Fried (SBF) – maintained that he did not attempt to intimidate Caroline Ellison (ex-leader of Alameda Research) or taint the jury’s sentiment when talking to a New York Times reporter. The 31-year-old, who faces several fraud charges and is accused...
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Galaxy Digital’s Nasdaq Listing Could Face Delay Due to a Canadian Lawsuit!

Digital asset manager Galaxy Digital may face further delays in its plan to list on Nasdaq if a class action lawsuit against it in Canada is certified, according to sources. The suit, filed in December, seeks CAD $2 billion in damages, alleging that Galaxy failed to comply with reporting requirements on its holdings of the...
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How Much XRP Does Ripple Labs Have? Company Talks About SEC Ruling in Q2 Report

Ripple CEO Brad Garlinghouse said the contents of the company’s quarterly financial reports could take a different turn from the usual after the US Securities and Exchange Commission (SEC) used the firm’s disclosures against it in the lawsuit. Meanwhile, XRP holders lawyer John Deaton believes Ripple’s transparency saved the firm from facing fraud and manipulation...
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Kenya Authorities Suspend Worldcoin Activities Over Data Privacy Concerns

The Kenyan government has ordered the suspension of all activities related to the registration of the recently-launched cryptocurrency project Worldcoin and the distribution of its native token WLD. According to an official statement by Kithure Kindiki, Cabinet Secretary for the Interior and National Administration, the government is concerned with the registration of Kenyans through the...
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Coinbase is Exploring ‘Best’ Way to Integrate Bitcoin Lightning Network, Says CEO

Coinbase CEO Brian Armstrong revealed that the crypto exchange is exploring the “best” way to integrate the Lightning Network after being called out for not adding support for the layer-2 scaling solution, which enables faster and cheaper BTC transactions than the Bitcoin base network. The comment comes a month after Binance added LN capability for...
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Now Live: Real-Time News from The Tie for More Informed Crypto Trading

In traditional finance, we know headlines can move markets, and informed trading decisions come from having the latest information readily available. When it comes to crypto, the rule that knowledge is power, is one that comes with an even greater weight.  Which is why, in line with our mission to provide traders the best experience,...
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Terminal 3 Raises Pre-Seed Funding for Decentralized User Data Infrastructure

[PRESS RELEASE – Hong Kong, Hong Kong, August 2nd, 2023] Terminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future. The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored...
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OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains

[PRESS RELEASE – Singapore, Singapore, August 2nd, 2023] Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple...
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Curve Finance Users Relieved as CRV Price Rises 15%

Intense fear gripped Curve Finance users in the past few days, causing temporary relief during the early Asian market on Wednesday as the CRV price gained about 15 percent, trading around $0.578. The DeFi token has been on a downward trend in recent weeks, but the rate of decline escalated on Monday following reports of...
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Here’s Why BTC’s Bullish Thesis Remains Strong Despite Break Below $29K: Bitfinex Report

After being trapped between $31,500 and $29,500 for more than a month now, Bitcoin broke below the price range due to a lack of positive stimuli. Higher timeframe on-chain metrics, however, continue to signal a bull market. In fact, the latest edition of Bitfinex Alpha said that we could still be in the early part...
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MicroStrategy Buys Another 420 BTC For $14.4 Million

Bitcoin (BTC) whale MicroStrategy announced on Tuesday that it has gobbled up another 420 BTC since its last announcement in June. This brings the company’s total holdings up to 152,800 BTC worth $4.46 billion. According to MicroStrategy’s Q2 earnings report, the firm’s 12,800 BTC acquired since Q1 was acquired for $28,233 per coin – below...
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Bitcoin (BTC) $ 68,044.23 1.55%
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