Ethereum’s Low Volatility Fuels Severe Gas Fee Decline
The weekly total of $34.8 million spent on Ethereum fees is the lowest it’s been in two months. This trend, as reported by IntoTheBlock, is indicative of upcoming price volatility.As…
U.S. Senator, Crypto Lobbyists Back Coinbase Against SEC Lawsuit
Lummis filed a brief supporting Coinbase’s motion to dismiss the SEC lawsuit. The senator argued that the SEC had exceeded its power.U.S. Senator Cynthia Lummis filed an amicus brief supporting…
FTX’s SBF Jailed for Evidence Tampering
SBF, the former CEO of the crypto exchange FTX, has had his bail revoked by a U.S. judge. Sam Bankman-Fried accused of witness tampering, sharing private writings with NY Times.…
FG Most Likely Won’t Raise Interest Rates Anymore.
“I think that the Fed is done hiking for this cycle,” Lee stated. Tom Lee – Managing Partner and the Head of Research at Fundstrat Global Advisors – believes there…
One Major Shift Could Trigger the Next Upward Move for Bitcoin.
The co-founders of the crypto analytics platform Glassnode are forecasting that one catalyst could kickstart Bitcoin’s (BTC) next rally. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic…
JPMorgan Owes $3 BillionTo US Government After Banking Crisis Wipe Out Emergency Fund.
America’s biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance fund that’s propping up the system. JPMorgan, Wells Fargo, Bank…
South Korean Authorities Arrest Crypto Exchange Chief on Suspected Multi-Million Dollar Fraud Charges.
The exec is being accused of misappropriating $7.5 million from exchange users.Jinwook Shin, CEO of cryptocurrency exchange Bitsonic, has been apprehended by South Korean law enforcement on August 7th. He…
Bitcoin Fumbles Briefly Post U.S CPI Inflation at 3.2% for July
Bitcoin is down 1% in the last day and is now trading at $29,390.CPI inflation was forecasted to be 3.4% by JP Morgan.Inflation as measured by the annual Consumer Price…
Check Out How Much of ETH’s Total Supply is Held in the Top 10 Addresses.
These addresses accumulated approximately $5.2 billion worth of ETH in the last five years.The crypto analytics platform – Santiment – revealed that the ten largest Ethereum wallets hold almost 35%…
Bitcoin Mining Firm Riot Platform Posts Second Quarter Net Loss of $27.7 Million
Mining contributed $64.7 million to the company’s top line during the period.The company earned an extra $13.5 million from its power curtailment credits.Riot Platforms, a Bitcoin mining company headquartered out…