Fallout from crypto contagion subsides but no market reversal just yet

The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a... Read more »

India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India’s Enforcement Directorate (ED) confirmed in... Read more »

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm... Read more »

Chainlink Approaches Significant Supply Wall

Key Takeaways Chainlink gained over $0.50 in Friday’s trading session. As bullish pressure rises, LINK could gain enough momentum to advance to $10.  Nonetheless, several indicators suggest that LINK could soon face... Read more »

Crypto markets bounced and sentiment improved, but retail has yet to FOMO

An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility, which could last until late August.... Read more »

Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk

Coinbase’s recent quarterly report has led S&P Global Ratings to lower its long-term issuer credit rating to BB from BB+ with a negative outlook. The rating agency said Aug. 11 that “weak... Read more »

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says

High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs... Read more »

Brazilian payment app PicPay launches crypto exchange with Paxos

Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH). The firm officially announced on Wednesday that PicPay... Read more »

Ethereum Eyes $2,000 Following Final Merge Testnet

Key Takeaways Ethereum has risen more than 12.5% in the last 24 hours as speculation mounts.  The upswing follows the successful execution of the final “Merge” tetnet. Further upside momentum could ETH... Read more »

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States.... Read more »