Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
The blame this time can’t be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
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Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.
Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.
Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management
The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).
Latin American Exchange Bitso Taps Coincover for Security Services
Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.
CoinDesk 20 Performance Update: LTC and ICP Take the Lead as Index Inches Higher
Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.
First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
ZynCoin Launches ‘Comfy,’ a Physical Collectible That Earns Tokens as Rewards
It’s a tin for Zyn.
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.
Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined
The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.