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The Latest Breaking News on Crypto

Coinbase racks up $1.1bn loss as crypto trading volumes slump

Exchange says downturn is part of a typical cycle as digital asset prices fall

Financial Times

Coinbase Stock Dives After Q2 Earnings While Claiming They're An 'All Weather Company' For Crypto Prices Cycles

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) reported second quarter financial results and shared an updated full year guidance after market close Tuesday.

Benzinga

‘Let Crypto Build,’ Says Congressman Tom Emmer

The latest “crypto winter” following the collapse of Terra/Luna (R-MN), who discussed the challenges and pitfalls of crypto that may lay ahead because of the specter of federal regulation and intervention. Politicians are often reactive – responding to a problem, or at least a perception of a problem, with artificial…

Zenger

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Bank Of England Warns On Metaverse Growth: Could Cause 'Financial Instability'

The growth of an open and decentralized metaverse may scale up the existing risks from crypto assets and could cause financial instability in the real world, according to the Bank of England.

Benzinga

What To Watch For On Coinbase Global As The Stock Reacts To Q2 Earnings Results

Coinbase Global, Inc (NASDAQ: COIN) is set to print its fiscal second-quarter financial results after the market closes on Tuesday. The stock was trading over 10% lower heading into the event.

Benzinga

How Blue Chips Like Bitcoin, Ethereum Are Performing Vs. Meme Coins In Crypto Winter

Beginning with Bitcoin (CRYPTO: BTC) which was launched in 2009, the crypto market has grown exponentially to now offer more than 20,000 unique crypto tokens from which investors can choose.

Benzinga

Singapore regulator reiterates crypto dangers amid Hodlnaut woes

Cryptocurrency investment is “highly hazardous” but meltdowns in the sector have not created financial-stability risks for Singapore, regulators in the city-state said after another digital-asset firm ran into trouble.

Bangkok Post

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Iran Makes First Import Order Using Cryptocurrency

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the country to circumvent US sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through…

Asharq Al-Awsat

Dogecoin Daily: Price Firm Above 7 Cents, Lucky Node Runners To Get Customized Profile Pictures

Dogecoin (CRYPTO: DOGE) traded 4.1% higher at $0.07 over 24 hours leading up to early Tuesday morning. DOGE traded in the green in tandem with other major coins as the global cryptocurrency market cap rose 0.6% to $1.1 trillion.

Benzinga

Bank of Thailand to get more powers in crypto law overhaul

The government plans to overhaul digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses.

Bangkok Post

Bitcoin Trails Ethereum In Gains: 'Insane' Relief Rally Or 'Massive Fakeout', What's Next?

Ethereum dominated among major coins Monday evening as the global cryptocurrency market cap rose 2.5% to $1.1 trillion at press time.

Benzinga

Closing off-chain fund transfers with WazirX: Binance

Effective from August 11, Binance will cease to support off-chain fund transfers between WazirX exchange and Binance via the "Login with Binance" option after the Enforcement Directorate froze ₹64.67 crore worth bank deposits of WazirX

The Hindu

How Coinbase Stock Looks As Bitcoin, Ethereum Surge Higher

On Sunday evening, Benzinga asked its followers on Twitter what stock they’re zeroed in on this week. From the replies, Benzinga selected one ticker for technical analysis.

Benzinga

Singapore-based crypto lender Hodlnaut suspends withdrawals

HONG KONG: Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry.

Bangkok Post

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Bangkok Post

Zipmex to ease some bitcoin, ether withdrawals after altcoins

Asia crypto exchange Zipmex Pte will allow users to partially withdraw Bitcoin and Ether from their trading accounts starting later this week, providing some relief to those caught by the recent meltdown in the digital asset market.

Kiplinger

Stablecoins: What Are They and How Do They Work?

Stablecoins are gaining relevance in our daily lives. Here, we break down the different types of stablecoins and explain their use and risks.

Benzinga

Three Arrows Capital Owns NFTS From Bored Ape Yacht Club, CryptoPunks And More: Report

A leading crypto lending and borrowing firm that has made headlines for declaring bankruptcy has a non-fungible token portfolio containing assets from some of the most valuable and well-known collections.

Benzinga

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

Ethereum Classic's (CRYPTO: ETC) price has decreased 3.44% over the past 24 hours to $14.65, continuing its downward trend over the past week of -9.0%, moving from $16.03 to its current price.

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Bangkok Post

Bitcoin hints at a bottom, but it may be different this time

It’s a perennial exercise whenever an asset is mired in a prolonged and deep drawdown: People look at the charts, they go over this or that indicator and they get their checklists out to try to figure out when it might find a floor. For Bitcoin, there’s plenty of such…

The Guardian - UK

NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

The Independent UK

New York officials rule against bitcoin-mining power plant

New York has denied required air permit renewals to a bitcoin-mining power plant on the grounds that it was a threat to the state’s climate goals

Evening Standard

How to buy Tether (USDT)

Tether is the world’s largest ‘stablecoin’ by market capitalisation. In theory, stablecoins offer a less volatile alternative to bitcoin and altcoins because their value is tied to a fiat currency such as the US Dollar.

Evening Standard

What are stablecoins?

Stablecoins such as USD Coin (USDC) and Tether (USDT) were created as a less volatile alternative to bitcoin (BTC)and other cryptocurrencies.

The Guardian - UK

Three Arrows Capital to become latest casualty of crypto crash

Crypto hedge fund facing collapse after claims of $650m default on loan to Voyager bank

Benzinga

EOS Is 'Ethereum On Steroids?' Vitalik Buterin Serves Sarcasm On Twitter

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin recalled an old joke about cryptocurrency project EOS (CRYPTO: EOS) on Twitter Inc (NYSE: <

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