Ana Grabundzija · 4 mins ago · 2 min read
Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000
It’s a “green” weekend for the crypto market today as most major digital assets are seeing daily gains.
Binance limits daily withdrawals to $2,000 for basic accounts amid regulatory woes
Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently).
Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021
Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction.
Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May
Scott Minerd, chairman and chief investment officer of asset management giant Guggenheim Investments, said the crypto market’s ongoing slump is still far from over as Bitcoin could slide as low as $15,000.
Crypto bank BlockFi faces regulatory block in New Jersey
The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction.
Binance ‘burns’ nearly $400 million worth of BNB
Major cryptocurrency exchange Binance has announced that it successfully completed the 16th quarterly token burn yesterday, removing $393.6 million worth of Binance Coin (BNB) from circulation.
DeFi darling ThorChain (RUNE) suffers multi-million dollar exploit
ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today.
DeFi crowd mocks Harvard Law student group for voting $20 million out of Uniswap treasury
While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal.
Bitcoin, Dogecoin, all coins fall amid sudden crypto market pullback
The crypto market took a turn for the worse today yet again as literally all top 100 cryptocurrencies—except stablecoins—have plunged into the red zone across the board.
Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit
Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the United States Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday.
No more Dogecoin or memecoin shilling on TikTok after ban on paid crypto promotions
Earlier this week, popular social media platform TikTok has quietly updated its “Branded Content Policy,” prohibiting influencers from participating in paid promotions of financial services and products, including Bitcoin and other cryptocurrencies.
Crypto community spends $1 million to revive Elon Musk-inspired token Floki Inu
Earlier this week, CryptoSlate reported that Floki Inu (FLOKI), a new dog-themed token inspired by Elon Musk, “pulled the rug” from under its users not once but twice in just a few days.
UK watchdog shifts Bitcoin ads regulation to ‘red alert’ priority
Britain’s marketing regulator Advertising Standards Authority (ASA) has announced that it plans to increase its efforts in curbing irresponsible or misleading cryptocurrency ads, Financial Times reported today.
33 face heat in Korea over alleged $1.48 billion in crypto transfers
Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today.
The crypto market doesn’t care about Dogecoin shill Elon Musk’s tweets anymore
It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately.
Bitcoin ETFs are long overdue, says SEC Commissioner Hester Peirce
The Securities and Exchange Commission’s (SEC) unwillingness to approve a Bitcoin exchange-traded fund (ETF) in the United States is outdated and borders on double standards, according to the agency’s commissioner Hester Peirce, also known as “Crypto Mom.” “That is probably the biggest, the most-often-asked question that I get: When will the SEC approve a Bitcoin exchange-traded […]
Cardano (ADA) just got added to this major institutional fund
Grayscale Investments, the world’s largest crypto asset manager, announced yesterday that it has added Cardano (ADA) to the company’s Digital Large Cap Fund.
FaZe Clan fires one, suspends 3 players embroiled in alleged ‘Save the Kids’ crypto scam
FaZe Clan, a Los Angeles-based professional electronic sports (esports) organization, today announced that it has fired its member FaZe Kay as well as suspended three more players—Jarvis, Nikan, and Teeqo—who were involved in promoting cryptocurrency token Save the Kids (KIDS).
No audits, no tokens, and no ‘rugpulls.’ Yearn’s Andre Cronje launches new DeFi project
Andre Cronje, creator of wildly popular decentralized finance (DeFi) yield farming protocol Yearn.Finance (YFI), today announced his new project—a blockchain-based foreign exchange (forex) platform.