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The Latest Breaking News from Crypto

What To Watch On Ethereum's Chart As The Crypto Surges Higher

Ethereum (CRYPTO: ETH) was soaring up over 10% at one point during Saturday’s 24-hour trading session, showing strength compared to Bitcoin (CRYPTO: BTC), which was up about 3%.

Benzinga

On my radar: Marina Abramović’s cultural highlights

The artist on an exhibition made by spiders, cryptocurrency activism and her love of astrology

The Guardian - UK

Energy use from US cryptomining firms is contributing to rising utility bills

An investigation revealed that companies use enough energy to power Houston, and contribute to growing carbon emissions

The Guardian - US

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Blockchain hackathon to be held in Bengaluru on August 5 & 6

The hackathon is being organised by crypto investing platform CoinSwitch, in association with ‘Startup Karnataka’ and Bengaluru South MP Tejasvi Surya

The Hindu

Shrimps and whales keep crypto afloat

The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter.

Bangkok Post

Limiting crypto helped the Texas power grid weather a heat wave

Cryptocurrency mining requires huge amounts of electricity, prompting concerns over the industry’s environmental impact — and whether the state’s grid can keep up.

The Texas Tribune

Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

Bangkok Post

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A Look At The Dogecoin Chart As The Good Boi Heads Into The Weekend

Dogecoin (CRYPTO: DOGE) was trading flat on Friday after three bullish 24-hour trading sessions saw the crypto bounce 12% higher off a low of $0.0574 to reach a high of $0.064.

Benzinga

If Bitcoin Bulls Want to Party, the Crypto King Must Clear a Key Level

Bitcoin has been beaten up this year but is quietly trying to rally. Here's the level it has to clear.

The Street

OpenSea, preparing for a 5-year crypto winter, lays off 20% of staff

The largest NFT marketplace in the world announced the decision over Slack, which was then posted to Twitter by the company's CEO.

Input

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

The Guardian - UK

EXCLUSIVE: Why Tim Draper Stands By His 2018 Prediction For $250K Bitcoin

The world's leading cryptocurrency is sagging under the same pressure of the record-breaking inflation that is plunging the S&P 500 and Nasdaq. The U.S. Consumer-Price Index (CPI) has shown a bleak 9.1% jump in inflation year-over-year, the highest in more than 40 years.

Benzinga

Crypto: Disney Bets on Mark Cuban Protege

Walt Disney still hasn't invested in crypto despite buzz surrounding fledgling industry.

The Street

Crypto Crash Blues: Bitcoin Trader Harvested $3 Million Bounty Now Cut In Half

A crypto trader said he traded in his $8,200 Rolex watch to buy cryptocurrency and is now worth a little more than $1.18 million – but admits the crashing market has halved his wealth.

Zenger

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Benzinga

DOGE Daily: Market Goes Green, 'Dogecoin Millionaire' Names 4 Coins That Can See Upside

Dogecoin (CRYPTO: DOGE) traded 3.1% higher at $0.06 over 24 hours leading up to early Friday morning. DOGE was seen trading higher along with other major coins as the global cryptocurrency market cap rose 4% to $927 billion.

Evening Standard

Users owed £4 billion by bust crypto lender Celsius

A staggering $4.7 billion (£4 billion) of assets is owed to users of bankrupt crypto lender Celsius Network, court filings show, as crypto holders struggle to recover their investments in the wake of the Bitcoin price crash.

Bangkok Post

Bitkub deal delay casts doubts over SCB’s makeover

A delayed deal between Thailand’s oldest bank and its largest cryptocurrency exchange is raising doubts about the 115-year-old financial group’s ambition to become a regional fintech powerhouse.

Benzinga

Bitcoin, Ethereum, Dogecoin Unfazed By Upcoming Rate Hike: Why This Analyst Is Waiting For A 'Big Short Squeeze'

Major coins, including Bitcoin, traded in the green at press time on Thursday, as the global cryptocurrency market cap rose 2.8% to $925.2 billion.

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Benzinga

Are Bitcoin, Ethereum About To Lead The Stock Market Higher?

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading higher by over 2% and 7%, respectively on Thursday, compared to the S&P 500, which closed down slightly under Wednesday’s closing price.

The Street

On Reddit, Gen-Z, Millenials Blame Boomers for the Recession

The crypto crisis and the potential recession are for Gen Z and some Millennials their first big financial storms as investors.

Inverse

PlayStation Stars digital collectibles sound too much like NFTs

My “definitely not NFTs” T-shirt has people asking a lot of questions already answered by my T-shirt.

Los Angeles Times

2023 Grammy Awards will return to usual LA venue for first time in three years

LOS ANGELES — Thanks to pandemic-related setbacks, for the first time in three years the Grammy Awards are set to return to their usual Los Angeles home at Crypto.com Arena.

Input

Celsius bankruptcy signals more pain for users with frozen funds

The crypto exchange paused withdrawals in June and has now officially filed Chapter 11. Meanwhile, users' money is still stuck in limbo with no end in sight.

Benzinga

EXCLUSIVE: Kevin O'Leary Says 'Idiots' Are Holding Crypto Back, But Regulation Can Bolster Bitcoin Value

Bitcoin (CRYPTO: BTC), the world’s largest — and first — decentralized cryptocurrency, will quadruple in value if the sector gets regulated, according to Shark Tank's Kevin O'Leary in an exclusive interview with Benzinga.

Benzinga

Dogecoin Daily: Crypto Reacts To Record Inflation Numbers, Co-Creator Recommends Reading Karl Marx

Dogecoin (CRYPTO: DOGE) traded nearly flat at $0.06 over 24 hours leading up to early Thursday morning. DOGE saw minimal movement while other major coins traded slightly in the green at press time. The global cryptocurrency market cap registered a 2.4% increase to $892.7 billion.

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