Bitcoin’s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Source: https://cointelegraph.com/app/public/index.php/news/why-did-bitcoin-price-suddenly-drop-analysts-explain
Month: August 2023
Why did Bitcoin drop? Analysts point to 5 potential reasons
Bitcoin’s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Source: https://cointelegraph.com/public/index.php/news/why-did-bitcoin-price-suddenly-drop-analysts-explain
Crypto firm Helio Lending gets bond sentence over false license claims
Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) said Helio was sentenced to the good-behavior bond for a year, having to pay $9,600 (15,000 Australian dollars) if broken. Good behavior bonds are…
Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs
Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit. In an X (Twitter) post on Aug. 18, Cypher Protocol reported that more than half of the funds stolen have been successfully frozen across centralized exchanges with the help of several independent blockchain investigators. “The return of these funds…
NFT marketplace OpenSea to disable royalty enforcement tool
Non-fungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — which allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug. 31, according to an Aug. 17 statement by OpenSea’s founder and CEO, Devin Finzer. The Operator Filter feature was first introduced in November 2022…
Why did Bitcoin drop? Analysts point to 5 potential reasons
Elon Musk’s SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip. On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider…
Associated Press Limits How Journalists Can Use Generative AI
Aiming to cut off any potential negative impacts to its reporting, the Associated Press issued new guidelines on Wednesday limiting staff journalists’ use of generative artificial intelligence tools for news reporting. Amanda Barrett, AP’s Vice President for Standards and Inclusion, laid out restrictions that establish how AP will deal with artificial intelligence moving forward. First and foremost, journalists are not…
Ethereum surges 11% after report SEC is set to approve Futures ETF
The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block…
Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. On Aug. 11, a Chinese individual known only as Mr. Chen was sentenced to nine months in prison after helping his friend, Mr. Lin, purchase 94,988 Chinese yuan ($13,104) worth of Tether (USDT) and earning a commission of 147.1 Yuan ($20.24). Because Mr. Chen shared his…
OpenSea Will Make Creator Royalties Optional for NFT Trades
In its latest pivot on the subject, marketplace OpenSea announced Thursday that it will soon stop enforcing creator royalty fees on secondary sales of NFTs—a development that will impact artists and teams who receive passive income when their work trades hands following the initial sale. Beginning August 31, artists who list new projects on OpenSea will not be able to…