• Aug 13, 2024

Bitcoin Price Unlikely to See a Breakout Until Q4, Say Analysts

As the cryptocurrency market stabilizes following a turbulent period, a new analysis cautions against anticipating a significant breakout in the price of Bitcoin until the last quarter of the year. Singapore-based digital asset firm QCP Capital said that the market may remain in a holding pattern for the foreseeable future, even as some encouraging signs emerge. Bitcoin’s overnight recovery to reclaim the $60,000 mark suggests that BTC has managed to stabilize after last week’s sell-off. It tick...

• Aug 13, 2024

Kamala Harris Campaign Showing 'Concerted Effort' to Understand Crypto: Circle CEO

Attempts by U.S. Vice President Kamala Harris’s presidential campaign to better understand the crypto industry are happening and mark a "concerted effort" in that regard, according to Circle CEO Jeremy Allaire. The stablecoin tycoon said Wednesday that he was in attendance for a Zoom meeting last week that brought together crypto leaders and White House officials—some of which included unnamed “Harris folks.” “What I can say is there is a concerted effort both from the administration and the Har...

• Aug 13, 2024

UEFA Champions League Adds Crypto.com as Multi-Year Sponsor

Crypto.com is now sponsoring the UEFA Champions League, the firms announced Wednesday, with the popular European soccer competition serving as the latest addition to the crypto exchange’s long list of sports alliances. The multi-year global sponsorship will include in-stadium activations and broadcast integrations, as well as a series of advertising campaigns. Crypto.com and the Champions League said in a statement that they aim to drive fan engagement through the activities. “This exclusive par...

• Aug 13, 2024

US Government Moves $600 Million in Silk Road Bitcoin to Coinbase

The United States government moved nearly $600 million in seized Bitcoin from the Silk Road dark web marketplace to a Coinbase wallet Wednesday, according to Arkham Intelligence. The government moved 10,000 Bitcoin, worth nearly $594 million at the time of transaction, to a wallet tied to Coinbase Prime. It's not immediately clear whether the United States plans to sell or custody the assets. The transaction follows a previous move of approximately $2 billion worth of Silk Road Bitcoin in late J...

• Aug 13, 2024

Coinbase Wrapped Bitcoin Has Potential to Dominate Market, Say Experts

Coinbase has teased the upcoming launch of cbBTC, a new tokenized version of Bitcoin, on its Base network. Experts told Decrypt they think it could reshape the landscape of tokenized Bitcoin (BTC). This new token, announced via a cryptic tweet in the early hours Wednesday, signals Coinbase's ambitious plans to expand its tokenized asset offerings and potentially reshape the landscape of wrapped Bitcoin. Coinbase has not yet responded to requests for more details from Decrypt. The introduction of...

• Aug 13, 2024

Elon Musk's Grok 2 Generates AI Images—How Does It Stack Up?

Artificial intelligence company xAI, founded by tech mogul Elon Musk, unveiled Grok 2 on Wednesday, the next evolution of its AI chatbot. This latest release takes Grok into multimodal territory, boasting capabilities that span text comprehension, real-time Twitter analysis, and image generation. “We are excited to release an early preview of Grok-2, a significant step forward from our previous model Grok-1.5, featuring frontier capabilities in chat, coding, and reasoning,” xAI said in its offic...

• Aug 13, 2024

Shark Tank's Kevin O'Leary Lays the Blueprint for Crypto Mass Adoption

The speculative nature of Bitcoin won’t catapult digital assets into the mainstream, according to Kevin O’Leary. Rather, the ascension of crypto tech will be driven by the disruptive potential of stablecoins tied to real-world currencies, the Canadian investor and “Shark Tank” star believes. “We should expand our thinking in this narrative we're having right now about digital payment systems,” he said in a recent interview with Decrypt. “The largest market on earth is FX, it's currency. And I th...

• Aug 13, 2024

‘Digital Real Estate’? Eric Trump Further Teases Cryptic Crypto Project

What's the big Trump family crypto move that the former president's sons Eric and Donald Trump Jr. have teased in recent days? Well, Eric Trump just did an interview about it—and it's no clearer now than it was before. “It’s digital real estate,” Eric Trump told the New York Post in an exclusive interview. What does that mean? To some, the phrase may conjure images of a Trump metaverse push a couple years after the hype faded. It could also point to the concept of real-world asset tokenization—t...

• Aug 13, 2024

Telegram Launches New Ways for Creators to Earn TON Tokens

Messaging app Telegram is becoming even more crypto-focused after announcing a feature that allows creators to earn Toncoin (TON), the native cryptocurrency of The Open Network.  The app’s developers said Wednesday that users can now send reactions in Stars—an off-chain, in-app currency tied to TON—to content creators and channels, and then those Stars can then be converted into TON. And if those receiving the Stars don’t want TON, then they can use them to pay for advertising. TON Ventures Laun...

• Aug 13, 2024

Binance to Pay $1.7 Million to Brazil’s SEC Over Crypto Derivatives

Binance has agreed to pay security regulators in Brazil a fine equivalent to $1.75 million for acting as a “securities intermediary” by offering derivatives trading in the country without a proper license.  The settlement of 9.6 million Brazilian reais was revealed Tuesday by Brazil’s Securities and Exchange Commission (CVM), which says it decided to accept the payment amount and finally put its years-long feud with Binance, the world’s largest crypto exchange, to bed. A spokesperson for the exc...