Cryptocurrency

Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer.  However, a positive sign is that after

Twitter polls and Reddit forums suggest that around 70% of people find it difficult to be rude to ChatGPT, while around 16% are fine treating the chatbot like an AI slave.The overall feeling seems to be that if you treat an AI that behaves like a human badly, you’ll be more likely to fall into

Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don’t show any clear violations of money-transmitting-related offenses. Roman Storm and Romen Semenov were indicted by the United States Office of Foreign Asset Control (OFAC) on Aug. 23 for conspiring to operate an unlicensed

The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications. We are officially members of @bytecodeallies! Our goal?

After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move.  After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This

The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter.  Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin (BTC) and

A tight range usually resolves with a range breakout and that is what happened in Bitcoin (BTC) on Aug. 17. Bitcoin fell sharply, resulting in a $1 billion liquidation for derivatives traders, the biggest since the FTX collapse in 2022. It is difficult to pinpoint any specific reason for the sell-off but analysts believe that the

Our weekly roundup of news from East Asia curates the industry’s most important developments. On Aug. 11, a Chinese individual known only as Mr. Chen was sentenced to nine months in prison after helping his friend, Mr. Lin, purchase 94,988 Chinese yuan ($13,104) worth of Tether (USDT) and earning a commission of 147.1 Yuan ($20.24).

Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on Aug. 16, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin futures ETF in line with the regulator.  As per

Over the 15 years since Bitcoin was created, there has been no shortage of crazy conspiracy theories about how it was made and where it came from.  Some believe Bitcoin was the work of “a bunch of engineers” in the Chinese Communist Party — presumably for world domination; others claim Bitcoin is the work of

Binance Connect, the regulated buy-and-sell crypto arm of Binance exchange, will shut down on August 16. Cointelegraph confirmed on August 15 via an email with a Binance spokesperson.  The same day, BNB Chain decentralized exchange Biswap tweeted that Binance ”has made a difficult decision to disable Binance Connect on 15 August due to its provider closing the

Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its “zStables” stablecoin pools. Blockchain security firm PeckShield was one of the first to detect the possible exploit on Curve on August 13 at 10:47 UTC. Zunami then confirmed the attack about 20 minutes later. Zunami said that collateral in the pools

Grails by PROOF Season IV Collecting art is historically not just about the art itself but who the artist is and the story behind the piece. The emergence of NFTs as a way to attribute provenance to digital objects has seen an explosion of interest in the past few years, even if that’s currently seeing

Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s

Bitcoin (BTC) continues to frustrate investors with its tight range consolidation, giving no clue about the possible direction of the breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens.  A minor positive in favor of

Binance’s proprietary BNB Smart Chain (BSC) is set to undergo two hard forks through August 2023 that are aimed at reducing the possibility of a malicious blockchain reorganization and increasing the compatibility with other EVM blockchain networks. The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30 respectively, following extensive testing. The

The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’ July 13th summary judgment in its ongoing legal battle against Ripple Labs. In an Aug. 9 letter to Judge Torres, the SEC explained it believed her decision warrants a fresh look by an appellate

Worldcoin, an ambitious but also controversial cryptocurrency project, has been making headlines since its launch last month. The project collects people’s biometric data by scanning their eyeballs via a metallic orb. Its goal is to create a proof-of-personhood system that allows it to distinguish robots from humans in the budding era of AI.  But the

Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit. On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had thus frozen its smart contract. The team added it is investigating the cause of the exploit