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  • Aug 11, 2024

Crypto Startups Raised $2.7 Billion in Q2—Here's the Good and Bad News

In a notable shift from the previous quarter, venture capital (VC) funding in the cryptocurrency sector experienced a modest rise in total investment value during Q2 2024, even as the number of deals saw a significant decline. According to the latest PitchBook report, startups in the crypto space secured a total of $2.7 billion across 503 deals. The good news is that it represents a 2.5% increase in invested capital compared to Q1 2024, but there's been a 12.5% drop in deal volume. VC Sentiment...

  • Aug 11, 2024

Binance Will Start Converting Monero to USDC on September 2 as Part of Delisting

Following Binance’s February announcement that it would delist Monero (XMR) and its finalization later that month, the exchange has now announced its last steps to get the privacy coin off its platform. In an August 12 blog post, Binance said it will convert the balances of 15 different tokens, including XMR, to USD Coin (USDC) on Sept. 2, 2024. The conversion will be complete and the USDC will be in users’ wallets by Mar. 1, 2025. The announcement explains that the conversion rate for the asset...

  • Aug 11, 2024

Bitcoin Recovers From Dip Below $58,000 as Institutional Buying Slows Down

Bitcoin's (BTC) price dipped below $58,000 in early morning hours, as institutional investors appear to have temporarily halted their buying spree. At the time of writing, BTC is trading for $59,332.20. The dip comes as analysts noted a cessation in the transfer of Tether (USDT) from Tether Treasury to exchanges over the past two days. The halt in USDT transfers to exchanges suggests institutional investors are pausing their crypto purchases, likely contributing to the current price dip. The mov...

  • Aug 11, 2024

You Can Earn Bitcoin By Listening to Podcasts—Here’s How Much

There’s a growing pile of mobile games that pay small amounts of Bitcoin as you play—but the concept is not just limited to gaming. In fact, you can earn Bitcoin by listening to podcasts through the Fountain app, without any additional ads, hurdles, or hoops to jump through. It’s just awarded inconsistently, and not at all times. Like some of the games we’ve covered, including Bitcoin Miner and SpaceY, the Fountain app offers rewards through Bitcoin’s Lightning Network in a collaboration with pa...

  • Aug 11, 2024

Tether Slams Celsius Lawsuit as a 'Shakedown,' Vows to Fight Claims in Court

Tether Limited has hit back against a lawsuit from Celsius Network over disputed Bitcoin, labeling it a "shakedown" and "baseless" while vowing to defend itself vigorously in court. Filed on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, the suit seeks to claw back some $2.4 billion in Bitcoin that former crypto lender Celsius claims was improperly liquidated by Tether before its bankruptcy over two years ago. “No good deed goes unpunished,” Tether wrote in a respon...

  • Aug 11, 2024

Can Dogecoin Reach $1?

This speculative token is trading way below its record high from more than three years ago.

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