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The Latest Breaking News from Crypto

Why Bitcoin Looks Geared Up For Another Bullish Move North

Bitcoin (CRYPTO: BTC) was trading about 2% higher at one point on Wednesday in continued consolidation after two bullish days on July 27 and July 28 saw the crypto soar up over 13% higher.

Benzinga

New crypto oversight legislation arrives as industry craters

A bipartisan group of senators has proposed a bill to regulate cryptocurrencies

The Independent UK

TechScape: I’m no longer making predictions about cryptocurrency. Here’s why

If you’d bought or sold bitcoin every time I wrote about it over the last decade, how much would you have made? Let’s do the maths

The Guardian - UK

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Robinhood sacks nearly one in four staff as retail investors leave the app

The firm’s app has seen an almost 2 million drop in regular users

Evening Standard

Zipmex allowing some altcoin withdrawals

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts.

Bangkok Post

Are Bitcoin, Ethereum, Dogecoin Traders Losing Confidence? Analyst Says This Could Be The Start Of 'Good Times Returning'

Major coins traded lower Tuesday evening as the global cryptocurrency market cap fell 0.5% to $1.07 trillion at press time.

Benzinga

Trading platform Robinhood lays off nearly a quarter of staff as crypto drops

The news comes on the heels of a dire revenue report, with company shares taking a 3% tumble in extended trading

The Guardian - US

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U.K. man begs to excavate landfill after tossing $184M in bitcoin

James Howells decided to throw away a hard drive back in 2013, and 8,000 bitcoin with it.

Input

Stock trading platform Robinhood axes staff

San Francisco (AFP) - Robinhood on Tuesday said it is laying off nearly a quarter of its employees as inflation and a crypto market crash cripple activity on the stock trading platform.

AFP

MicroStrategy CEO Michael Saylor Is Stepping Down

Michael Saylor co-founded the company in 1989.

The Street

Robinhood To Cut 23% Of Staff In Second Round Of Layoffs This Year

Robinhood Markets Inc. (NASDAQ: HOOD) CEO Vlad Tenev announced Tuesday in a press release the company is “reducing our headcount by approximately 23%.”

Benzinga

Hackers use copy-paste exploit to siphon nearly $200M from crypto company

Nomad, a blockchain transfer company, was the victim of a cascading hack that let users pillage its crypto wallet with a bit of copied and pasted code.

Input

Robinhood Faces More Woes and $30 Million Fine

The brokerage was fined $30 million by New York's Department of Financial Services.

The Street

A turning point in crypto regulation, led by Europe

If GDPR marked a decisive moment in consumer data protection, MiCA could point to responsible crypto management

The Hindu

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Input

Gucci is now accepting BAYC’s ApeCoin for in-store purchases

The Bored Ape Yacht Club's official cryptocurrency can now be used for your designer needs

Benzinga

Gucci To Accept Another Crypto For Payment, Hublot Joins Forces With BitPay

High-end luxury fashion brand Gucci announced on Tuesday on Twitter it now accepts payments in ApeCoin (CRYPTO: APE) and will be available for in-

Tribune News Service

‘Securities’ label in SEC insider case may have broad crypto impact

WASHINGTON — The Securities and Exchange Commission fired a warning shot at the cryptocurrency industry when it filed an insider trading case that declared several digital assets qualify as securities, according to those closely following the agency.

StockNews.com

1 Crypto Stock You'll Want to Sell, Liquidate or Avoid This Week

Cryptocurrency exchange Coinbase Global (COIN) has had a challenging year with accusations of insider trading against a former employee and an SEC probe on unregistered securities trading on its platform. The stock is down more than 75% year-to-date and could continue its downtrend given its weak financials and unfavorable analyst…

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The Street

Nomad Crypto Bridge Is Target of $200 Million Hack

Nomad, which enables crypto holders to swap their tokens among blockchains, was the target of hackers who pillaged about $200 million, reports say.

Benzinga

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

Reuters

Benzinga

Dogecoin Daily: Price Consolidation, 'Familiar' Crypto Market And More

Dogecoin (CRYPTO: DOGE) traded 4.3% lower at $0.07 in the early hours of Tuesday. DOGE declined in tandem with other major coins as the global cryptocurrency market cap fell 3.1% to $1.05 trillion at press time.

Roll Call

'Securities' label in SEC insider case may have broad crypto impact

The SEC fires a warning shot at the cryptocurrency industry with an insider trading case that says several digital assets are securities.

The Street

Stocks Lower, Pelosi and China, Pinterest, Estée Lauder and Tom Ford - Five Things To Know

Stock futures point to a lower open on Wall Street as House Speaker Nanci Pelosi's visit to Taiwan stokes geopolitical concerns; Pinterest shares soar despite second-quarter earnings and revenue miss; Estée Lauder reportedly courting Tom Ford; high energy prices boost BP earnings; SEC lays charges in crypto Ponzi scheme.

Asharq Al-Awsat

US Crypto Firm Nomad Hit by $190 Million Theft

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was "aware of the incident" and was currently investigating, without giving further details or…

Benzinga

Huobi Global Sees Itself As Safe-Haven 'Not Affected' By Crypto Winter, Turmoil

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

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