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Categories
markets,
leverage,
futures,
liquidation,
mining,
regulation,
lending,

3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

There are signs of further turbulence ahead. The absence of a BTC futures premium, $470 million in liquidations and excessive stablecoin lending all point toward new yearly lows.

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Categories
regulation,
banks,
texas,
stablecoins,
dollar,

United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

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Categories
Major cryptocurrency exchange FTX has blocked transactions that have interactions with privacy network Aztec Network’s services,
calling them “high risk.”,

FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer

Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action against Tornado Cash.

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Categories
United States,
Insurance,
Banks,

FTX US among 5 companies to receive cease and desist letters from FDIC

The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.

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Categories
crypto-unicorns-founder-play-and-earn,

Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

Crypto Unicorns founder Aron Beireschmitt chats with NFT Steez about the key components blockchain-games need to build sustainable in-game play-and-earn economies.

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Categories
Cryptocurrencies,
Lending,
DEX,
Coinbase,

Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined

Majority of the DeFi tokens traded in red with several registering double digit losses over the past week.

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Categories
Markets,
Bitcoin,
Ethereum,
Binance Coin,
Ripple,
Cardano,
Solana,
Dogecoin,
Polkadot,
Shiba Inu,
Avalanche,
Price analysis,

Price analysis 8/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin and altcoins sold-off sharply on Aug. 19, leading technical traders to forecast a possible drop to new yearly lows.

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Categories
Web3,
Venture Capital,
Funding,

Crypto Biz: Crypto VC is back with a vengeance

Venture capital firms continue to pour billions into the crypto economy; this week saw the launch of two funds worth a combined $500 million.

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Categories
Cryptocurrencies,
Stablecoin,
Digital Currency,
Tether,
Report,

Independent Tether attestation reveals 58% decrease in commercial paper holdings

An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities.

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Categories
nonfungible tokens,
web2,
web3,
NFT,

What is an NFT and why are they so popular?

Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace.

More Crypto news from around the internet

Here are a few Crypto news

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Cardano Closer to Vasil Upgrade

Daily excerpt of Crypto and Blockchain news - August 19, 2022
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US Charge Against a Former Coinbase Employee

Daily excerpt of Crypto and Blockchain news - August 18, 2022
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Huobi Blacklists New Zealand from Derivatives Trading

Daily excerpt of Crypto and Blockchain news - August 17, 2022
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AUSD Stablecoin Depegged by 99%

Daily excerpt of Crypto and Blockchain news - August 16, 2022
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Digital Ruble to Be Introduced in 2024

Daily excerpt of Crypto and Blockchain news - August 15, 2022
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BTC Fear and Greed Index Exits Fear

Daily excerpt of Crypto and Blockchain news - August 14, 2022