XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare For Outsized Fed Hike
The US central bank is expected to again hike rates by 75 basis points on Wednesday.
Crypto
Bitcoin still dominates total payments on BitPay despite the bear market
Total crypto payments on BitPay remained stable despite the bear market, with monthly transactions surging from around 58,000 in 2021 to 67,000 in 2022.
Bitcoin analysts give three reasons why BTC price below $20K may be a ‘bear trap’
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle.
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The central bank will extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well, the South China Morning Post said.
Binance Secures License in Dubai to Offer More Crypto Services
With the new approval, the crypto exchange can operate a trading platform and offer a range of services including digital asset custody and payments in Dubai.
Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say
However, some traders see increased volatility for tokens related to Kwon in the coming days.
Cosmos’ ATOM Gains, Bucks Post-Merge Lull on Outlook for New Uses, Better Security
Cosmos is likely to announce an interchain security feature next week, opening doors for ATOM to capture value from the entire network.
Enhanced KYC checks can be a win-win for crypto exchanges and consumers — here’s why
Adopting more stringent Know Your Customer (KYC) checks can give crypto exchanges a competitive edge over those that meet minimal standards.
Alameda Research ‘happy to return’ $200M loan to Voyager Digital
The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September.
$160 million stolen from crypto market maker Wintermute
The CEO of Wintermute has stated that they are “open” to treating the hack as a white hat hack and would speak to the attacker.
Congress demands crypto payments notification from DOS when helping Ukraine
The bill amendment demands the Secretary of State submit reports to congressional committees explaining why the DOS made the determination to pay out rewards in cryptocurrency.
Intellectual property has an awkward fit in Web3 decentralization — Lawyers
IP rights will continue to be an area of conflict within Web3 and NFTs, but there’s no easy solution, lawyers told Cointelegraph.
Hackers take over CoinDCX Twitter account, promote fake XRP ads
A hacker took over CoinDCX’s official Twitter account and has constantly been tweeting XRP scam links.
Citi Says Ether Remains Relatively Stable Despite Significance of the Merge
Issuance of ETH tokens is estimated to drop 90% to around 600,000 a year, the bank said.
Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected
Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the company’s founder and CEO.
DeFi platform sees strong interest in halal-approved crypto products
Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies.
Ethereum co-founder Vitalik Buterin shares vision for layer 3 protocols
While layer-2 protocols have been focused on “scalability,” layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin.
Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions photo of eye as NFT and more
Palm Beach gets its own NFT restaurant offering a range of benefits for members, while the PGA partners with Tom Brady-backed NFT platform Autograph.
‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst
With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.
Voyager Seeks to ‘Unwind’ Alameda Loan
Alameda owes Voyager approximately $200 million in an outstanding crypto loan, from a line of credit that was worth $377 million before the market downturn.
Yield Guild Games: Web3 gaming adoption needs a local touch
YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in.
SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US
The SEC argues that as ETH validators are concentrated more densely in the United States, ETH transactions are seen as taking place in the country.