latestcryptonews

[latestcryptonews]

Bitcoin Crashes 10% in Hours

Bitcoin Crashes 10% in Hours

Prices across the cryptocurrency market tumbled early Tuesday, with Bitcoin and the wider market seeing a nearly 10% drop over the last 24 hours, according to data from CoinGecko. The combined value of the crypto market has dropped from above $2.4 trillion to $2.1 trillion, with Bitcoin itself now falling below a $1 trillion market cap.Today’s correction followed a full week of steady gains, with…

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New Round of Protests Against President Bukele's Bitcoin Law in El Salvador

New Round of Protests Against President Bukele’s Bitcoin Law in El Salvador

alvadorans have taken to the streets in protest against the country’s acceptance of Bitcoin as legal tender, which will take place on September 7, 2021.  “No al lavado de dinero corrupto,” signs read during a protest in San Salvador last Friday—which means “no to laundering corrupt money.”  This is not the first time El Salvador has seen protests inspired by President Bukele’s embrace of…

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Treasury Wants Crypto Reporting Rules in $3.5 Trillion Reconciliation Bill

Treasury Wants Crypto Reporting Rules in $3.5 Trillion Reconciliation Bill

https://twitter.com/jerrybrito/status/1432476800404369408?s=20 Remember the giant kerfuffle this month around a crypto tax provision embedded within the U.S. Senate’s $1 trillion infrastructure bill? Get ready for the sequel The Biden administration wants to incorporate new crypto reporting requirements in an upcoming $3.5 trillion budget reconciliation bill, according to a report published…

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The Crypto Movement Is Destroying Him Self

The Crypto Movement Is Destroying Him Self

When the elusive Satoshi Nakamoto published his white paper in 2008, it was just a mere document, describing a new, unique payment system he called Bitcoin. Yet, even though he did not portray any particular narrative inside, it prompted an entire generation of financially repressed citizens into believing that digital currencies might solve their ever-increasing monetary woes. We began to…

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Tezos and Cosmos Rally As Wider Crypto Market Stagnates

Tezos and Cosmos Rally As Wider Crypto Market Stagnates

https://twitter.com/tezos/status/1423588645785776129?s=20 Altcoins Tezos and Cosmos have avoided today’s slight market downturn to post significant gains in the last twenty-four hours.  Tezos surged an impressive 16.67% from yesterday to hit $5.95, according to crypto data aggregator Nomics.  Tezos is an open-source proof-of-stake (PoS) blockchain which, like Ethereum (which will soon complete…

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Bored Ape Yacht Club Sells $96 Million of Mutant Ape NFTs in One Hour

Bored Ape Yacht Club Sells $96 Million of Mutant Ape NFTs in One Hour

Some Infotmation: Bored Ape Yacht Club holders received free Mutant Ape NFTs yesterday.The project sold a further 10,000 Mutant Apes to the public for about $10,000 each.The lowest asking price for a Mutant Ape on NFT marketplace OpenSea is around $22,400. NFT project Bored Ape Yacht Club raised $96 million in a public sale of 10,000 Mutant Apes in a single hour on Saturday night, and…

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Why Ethereum NFT Whales Are Obsessed With The Number Eight

Why Ethereum NFT Whales Are Obsessed With The Number Eight

Some Information: Some of the most expensive NFTs involve the number 8.One theory points to the recent Chinese interest in NFTs, and the fact that 8 is considered a lucky number in Chinese culture. Yesterday, CryptoPunk #8888 sold for 888.8 ETH and an EtherRock sold for 888 ETH. 64 CryptoPunks are listed for 888 ETH, and Cai Wensheng, the co-founder and chairman of Meitu, bought CryptoPunk…

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Cream Finance Faces Second Flash Loan Attack in 2021 Loses 18 Million $

Cream Finance Faces Second Flash Loan Attack in 2021 Loses 18 Million $

The Losses Are Estimated To Be About $18 Million. According to early reports from Wu Blockchain, there were two attackers behind the exploit that carried out the heist in 17 transactions. Lending and borrowing platform Cream Finance has been involved in a large, multi-million dollar exploit. The attacker has made off with more than 418 million in Flexa Network’s native token, AMP, and…

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Total 400 Million $ ETH Burned By Ethereum EIP-1559 Upgrade

Total 400 Million $ ETH Burned By Ethereum EIP-1559 Upgrade

Just over $400 million in ETH has now been burned by a network upgrade that destroys transaction fees instead of handing them to miners. About 200 ETH ($643,000) is being burned per hour. The milestone was passed at about 10am UTC on Sunday, when 124,865 ETH had been taken out of circulation by the Ethereum  The update that burns the ETH, EIP-1559, came into force on August 5. It sought to…

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OpenSea Weekly NFT Sales Surpass 1 Billion$

OpenSea Weekly NFT Sales Surpass 1 Billion$

Some Details: OpenSea undisputedly dominates the NFT industry with 98% of all Ethereum-based NFT trades taking place on its platform.OpenSea set and broke several records this week, including an all-time high of $1.14 billion in weekly trading volume. Ethereum-based NFT marketplace OpenSea has hit an all-time high of $1.14 billion in weekly trading volume, up 170% from the previous week. NFTs…

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BILAXY EXCHANGE Hot Wallet hacked

BILAXY EXCHANGE Hot Wallet hacked

https://twitter.com/Bilaxy_exchange/status/1431794319795494913?s=19 ⚠️⚠️Top Urgent-Bilaxy Hacked NoticePls note Bilaxy Hot wallet was hacked, ❌pls DON’t send any funds to your bilaxy accounts again. We are racing with the time to checking and fixing. Pls wait for further Notice.@ICODrops @ICO_Analytics @CoinMarketCap @Bilaxy Team

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You Can Now Use Your .com Domain to Send and Receive Ethereum

You Can Now Use Your .com Domain to Send and Receive Ethereum

DNS and Ethereum Name Service are now integrated. Some Details ENS provides .eth domain names that it says are censorship resistant.ENS names are also Ethereum addresses so people can send ETH to a website.Now, you can get the same functionality with .com addresses as .eth addresses. What’s in a name? If you’re using Ethereum Name Service (ENS) web addresses, the answer might be…

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Alleged Dogecoin Mining Scam Rakes In $119 Million: Reports

Alleged Dogecoin Mining Scam Rakes In $119 Million: Reports

Some Information People were conned into buying Dogecoin and then investing it in a dodgy scheme, reports in Turkey allege.$119 million was allegedly stolen from 1,500 people, reports claim. Scams are far from unusual in the world of crypto, but seldom do they involve “mining” the world’s most popular meme coin: Dogecoin. According to local media in Turkey, a scammer has managed to rip off…

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Government of Cuba Says It Will Recognize, Regulate Cryptocurrencies

The government of Cuba announced yesterday that it will recognize and regulate cryptocurrencies for payments, according to the Associated Press.  The announcement came in the form of a resolution that said the country’s central bank—Banco Central de Cuba—will govern how citizens would be allowed to use cryptocurrencies like Bitcoin and Ethereum.  The Cuban economy The announcement has come at…

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AriseCoin Inventor Sentenced to Five Years For $4.25 Million Scam

AriseCoin Inventor Sentenced to Five Years For $4.25 Million Scam

Jared Rice Sr., inventor of cryptocurrency AriseCoin, pled guilty to defrauding investors out of more than $4 million. Some Details The creator of AriseCoin has been sentenced to five years in jail for defrauding investors.Jared Rice, Sr was ordered to pay over $4 million in restitution Jared Rice, Sr., inventor of cryptocurrency AriseCoin, was sentenced to five years in federal prison in…

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From Visa to Budweiser: Big Brands Are Taking NFTs Seriously

From Visa to Budweiser: Big Brands Are Taking NFTs Seriously

Budweiser and Visa headline the growing list of large consumer brands buying and promoting NFTs over the past week. Budweiser has proudly hopped aboard the NFT train, and it’s not the only big name doing it this week. The beer giant on Tuesday changed its Twitter profile to a hand-drawn beer rocket NFT that it bought for 8 ETH (about $26,000), and it also registered an Ethereum domain name,…

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Sam Bankman-Fried’s FTX Lends $120M to Recently Hacked Crypto Exchange Liquid

Sam Bankman-Fried’s FTX Lends $120M to Recently Hacked Crypto Exchange Liquid

After losing over $90 million last week, crypto exchange Liquid Global has now secured $120 million in debt financing from FTX. Liquid Global, the Japanese crypto exchange that last week suffered a hacking attack, will receive $120 million from FTX Trading, the operator of FTX.com. https://twitter.com/CooLiquid/status/1430742577569959938?s=20 In an announcement on Thursday, Liquid said that…