$55 Billion Drained From Crypto Market in August: Report

Over $55 billion was drained from the cryptocurrency market in August, with Bitcoin's price decreasing by over 10%, according to a Bitfinex report. The post $55 Billion Drained From Crypto Market in August: Report appeared first on BeInCrypto.

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$16M in crypto lost to hacks in August: Report

Four security incidents took place on Coinbase's layer-2 solution, Base, shortly after its launch.

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Pepe investors dive into accumulation amidst FUD storm

Two whales recently acquired close to 2 million PEPE. PEPE has declined by over 2% on a daily timeframe. As per a 29 August report by Lookonchain, despite the ongoing developments surroundinThe post Pepe investors dive into accumulation amidst FUD storm appeared first on AMBCrypto.

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Top 5 crypto losers in August amid market rebound

While the global crypto market is rallying towards a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses. The global crypto market took a U-turn since the announcement of Grayscale’s win against the U.S. Securities…

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JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.

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Reserve Bank of Australia issues report on CBDC use cases

On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC).

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South Korean City Announces Plan To Seize Crypto Assets Of Local Tax Evaders

The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seven crypto exchanges, including Upbit and Bithumb, to punish these delinquents. These exchanges have been […]

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Sam Bankman-Fried pleads not guilty as lawyers complain about neglected vegan diet, prescription medications

FTX founder and former CEO Sam Bankman-Fried has once again pleaded not guilty to criminal charges brought against him in connection with the collapse of the exchange. That report indicates that Bankman-Fried appeared in court for the first time since his bail was revoked in early August, as lawyers raised complaints about his holding conditions […] The post Sam Bankman-Fried pleads not guilty as lawyers complain about neglected vegan diet, prescription medications appeared first on CryptoSlate.

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BREAKING: FTX’s Sam Bankman-Fried Pleads “Not Guilty” In Latest Hearing

According to a report from Reuters, Sam Bankman-Fried, former CEO and co-founder of the now-bankrupt FTX exchange, has pleaded not guilty to a recent charge accusing him of fraud and conspiracy. This action was taken in the first court appearance of Bankman-Fried since a US court revoked his bail in early August. In a hearing […]

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Checkout.com terminates Binance support over AML concerns: report

Credit card processor Checkout. com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was shutting down its regulated buy-and-sell crypto arm Binance Connect.

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Silver lining for Solana? Token flips Dogecoin amidst market downturn

SOL suffered less decline in value compared to DOGE on a daily timeframe. Solana's market cap hit $9 billion, with DOGE remaining below the threshold. On 17 August, a Messari report highlighThe post Silver lining for Solana? Token flips Dogecoin amidst market downturn appeared first on AMBCrypto.

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All about Curve Finance's declining stETH pool

The staked ETH pool on Curve has witnessed a significant downtrend. ETH staking continued to see new entrants. Kaiko's report on 9 August highlighted a diminishing liquidity trend within oneThe post All about Curve Finance's declining stETH pool appeared first on AMBCrypto.

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Bitstamp Exchange Raises Funds To Enter Derivative Markets In Asia And Europe

Luxumberg-based cryptocurrency exchange, Bitstamp is looking to expand its global presence by broadening its reach in the European and Asian Markets. According to an August 8 Bloomberg report, the crypto exchange is raising fresh funds to support its expansion goals in Europe and Asia while ramping up its UK operations. Also, the exchange revealed plans to […]

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Crypto Market Forecast: Week of August 7th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, the credit rating of long-term US debt is downgraded, Coinbase fights back against an SEC lawsuit, and GLASSNODE's latest weekly report explores the recent improvement in sentiment across the DeFi space.

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These Are The Factors That Could Lead To Another Bitcoin Rally: ARK Invest

In a report released on August 4, ARK Invest’s on-chain researcher David Puell reveals factors that could lead to another Bitcoin rally. The report, titled “The Bitcoin Monthly: July 2023,” provides an in-depth analysis and distinguishes between Bitcoin’s current situation and what the future holds for the largest cryptocurrency by market cap.

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First Mover Americas: Justice Department May Charge Binance With Fraud: Report

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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MicroStrategy will buy more Bitcoins, Q2 report says

MicroStrategy plans to sell 750 million shares of stock to acquire more Bitcoin (BTC). Its current portfolio holds a total of 152,800 BTC. The company reported its intention to acquire more BTC in an SEC filing on August 1. MicroStrategy…

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Bitcoin Dips Below $29K, BNB Slides After Report on DOJ's Binance Concerns

Fitch downgraded the U.S. credit rating to AA+. A similar downgrade by S&P in early August 2011 had cratered risk assets, including bitcoin.

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FTX Executives Knew of $8.9 Billion in Missing Customer Funds in August 2022

The latest report from FTX and its debtors contains startling revelations. Namely that the disgraced crypto exchange knew of a more than $8 billion hole as far back as April 2022. The post FTX Executives Knew of $8.

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Bumper’s DeFi Simulation Report Reveals Groundbreaking Pricing Efficiencies, Poised to Revolutionize Crypto Options Market

Bumper, a leading DeFi platform, has unveiled the results of its comprehensive simulation, showcasing groundbreaking pricing efficiencies that surpass traditional options desks.  The simulation report, released ahead of the protocol’s upcoming launch in August 2023, marks a significant milestone in financial technology and introduces a new financial instrument that consistently outperforms existing options desks in […]

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Crypto Scammers dupe over 14,000 people to make $6.4M from ‘fake token claims’

Crypto scammers made around 3,234 Ethereum (ETH) — worth over $6 million — from fake airdrops in the past nine months, according to a report by AegisWeb3. The report showed that between August 2022 and May, the scammers defrauded 14,605 people through their fake token claim scams.

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Bitcoin [BTC]: Recent price jump has put holders in profit, new report shows

At press time, BTC was trading at a price level last seen in August 2022. The rally in price since the beginning of the year has put many holders in profit. Strong gains between 20 - 22 JanuThe post Bitcoin [BTC]: Recent price jump has put holders in profit, new report shows appeared first on AMBCrypto.

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Crypto lender Genesis lays off 30% more staff: Report

Genesis announced in August that it planned to cut its then-260-person workforce by 20%, with CEO Michael Moro moving into an advisory role.

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Taliban had a ‘massive chilling effect’ on Afghan crypto market: Report

Crypto value received in Afghanistan surged in the wake of the Taliban seizing power in August 2021, but crypto markets have flatlined under the regime.

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Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience

Friday's report from the U.S. Labor Department on nonfarm payrolls is expected to show an addition of 250,000 jobs in September, in a slowdown from the 315,000 reported for August.

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Low Volatility Crypto Market Supplies Surprisingly Stable State Of Fear

Data shows the crypto market has remained in a state of extreme fear recently despite the Bitcoin volatility being quite low. Crypto Fear And Greed Index Continues To Point At “Extreme Fear” As per the latest weekly report from Arcane Research, investors in the cryptocurrency sector have remained extremely fearful since late August.

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Bitcoin volatility trended downwards in Q3: report

Bitcoin’s average 30-day volatility in August was 60%, while it stood at 80% in…

The post Bitcoin volatility trended downwards in Q3: report appeared first on CoinJournal.

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Bitcoin Falls Under High Selling Pressure, What Will Shoot Its Price?

Bitcoin and other major altcoins have displayed a correlation between macroeconomic factors and virtual currencies. After the August CPI data release, almost all the crypto assets started dropping.

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August 2022 GameFi Report

While the number of new users entering GameFi has dropped precipitously, the average number of transactions per user is increasing steadily. The post August 2022 GameFi Report appeared first on CryptoSlate.

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Bitcoin Price Crashed Amidst Wider Sell Off, This Could Be The Next Stop

Bitcoin price plunged close to 8% over the past day owing to the high Consumer Price Index report. The prices of most altcoins fell on their respective charts after the CPI showed a 0. 1% increase in August, which has now taken the unadjusted value to 8.

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Crypto Sell-off Deepens After Hot Inflation Report

Crypto markets fell sharply on Tuesday following an August Consumer Price Index Report showing hot inflation numbers. The post Crypto Sell-off Deepens After Hot Inflation Report appeared first on BeInCrypto.

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GameFi fundraising jumps 135% in August, but is still down from June: Report

Web3 games and Metaverse projects have raised $748 million in funds last month.

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Glimpses of positive momentum in an overall bearish market? Report

Bitcoin’s price closed out August with a 13.4% decline, but BTC nearing its all-time high long-term-holder supply of 13.61 million flashes a bullish signal.

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DeFi TVL drops by 10% in August; Ethereum leads with most losses

DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10. 47% in August. The total TVL now stood at $58. 4 billion.

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DeFi DApps activity rises 3.7% in August for first time since May — Report

Despite a slight recovery, DeFi TLV has lost $250 billion this year.

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Aave adopts proposal to temporarily pause ETH borrowing

The Aave (AAVE/USD) community has voted to temporarily pause Ethereum (ETH) borrowing on the decentralised finance (DeFi) protocol ahead of the Ethereum Merge slated for mid-September. This is after more than 96% of the community agreed with a risk assessment report and improvement proposal first highlighted on 23 August 2022.

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Market Wrap: Bitcoin Trades Down After Initial Push Higher

The price settled below $20,000 as investors digested the August jobs report. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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US Job Growth Slowed in August; Bitcoin Gains

The report is one of the last major economic data points that the Federal Reserve will see before its September monetary-policy meeting.

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ETH products grow in August as BTC products dip: CryptoCompare report

The upcoming Merge has contributed to a rise in Ethereum investment products and trading volume, as crypto market AUM figures continue to drop amid the bear market

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CryptoSlate Wrapped Daily: BTC short liquidations reach $9M, Ava Labs CEO deems CryptoLeaks’ allegations ‘conspiracy theory’

The biggest news in the cryptoverse for August 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than gameplay and Ava Labs’ CEO denying CryptoLeaks’ allegations that it had a deal with law firm Roche Freedman to use “litigation as […] The post CryptoSlate Wrapped Daily: BTC short liquidations reach $9M, Ava Labs CEO deems CryptoLeaks’ allegations ‘conspiracy theory’ appeared first on CryptoSlate.

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Su Zhu Hits Back at 3AC’s Liquidators From Bangkok: Report

Zhu hand-delivered an affidavit in Bangkok on August 19, Bloomberg has reported. Zhu Says Liquidators Misled Court Su Zhu is still pushing back against Three Arrows Capitals liquidators. According to...

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UNCTAD Report Pegs India’s Crypto Adoption at 7.3%, Kicks off Debate about Regulation

A recent UNCTAD policy brief says every seventh person in India held a cryptocurrency in 2021, and the largescale adoption in absence of regulations poses risks of financial instability. Released on August 12, the UNCTAD report sparked a fresh debate about India’s crypto regulation bill that the government planned to bring to parliament at least twice last […]

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Binance helping Philippines on crypto regulation despite contentions with SEC

The Philippines Securities and Exchange Commission (SEC) warned users in early August against investing with Binance but despite their contentious relationship, the exchange is now helping the Philippines government formulate crypto regulations, according to a report by inquirer.

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Bitcoin mining energy consumption estimated to rise 10x if price hits $2M – Arcane Research

Bitcoin (BTC) mining’s energy consumption will rise 10x and hit 894 Terawatt-hours (TWh) annually if the flagship crypto’s price reaches $2 million by 2040, according to an Arcane Research report published August 22.

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LBank Crypto Exchange Weekly Listing Report — August 15, 2022

LBank Exchange’s weekly report includes a summary of last week’s listings and this week’s exciting new listings. This report gives users more details to help them comprehend these unique opportunities.

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Digital asset market lost $1B in the week of Aug. 15

Digital asset investment products lost a total of $1 billion in small transactions of up to $9 million between August 15 and August 21, shrinking to 55% off the year average and the second lowest level of 2022, Coinshares’ weekly report indicates.

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LBank Crypto Exchange Weekly Listing Report — August 8, 2022

As a premier exchange for digital assets, LBank keeps its users’ participation in high-calibre projects at the forefront of its priorities. In a weekly report, LBank Exchange presents the exciting new listings for this week and a summary of those listed the previous week, giving users more details to help them comprehend these unique opportunities. […]

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Crypto Market Update for August 10th – Bitcoin and Ethereum Prices Hold Support, Coinbase Q2 Earnings Report Reveals $1.1B in Losses

Cryptocurrency markets are showing signs of life this Wednesday as Bitcoin and Ethereum manage to hold support and register single-digit percent gains. Bitcoin is trading at $24. 1k, and Ethereum is up at the $1.

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First Mover Americas: Bitcoin's Rally Loses Steam After US Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for August 5, 2022.

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