On July 24, Ether (ETH) experienced a drop close to its monthly low, reaching $1,825 amid Bitcoin’s (BTC) negative price action, as uncertainty loomed over macroeconomic conditions and a potential whale sell-off.Continue Reading on Coin Telegraph More
Alphapo is a centralized crypto payment provider for e-commerce subscription services, gaming sites and other online businesses. It’s known as the provider for mystery box platform HypeDrop and gambling sites Bovada and Ignition. On July 23, security experts began reporting that the site’s hot wallets appeared to have been drained of at least $21 million, with some sources reporting that the losses exceeded $31 million.Continue Reading on Coin Telegraph More
Avalanche Vista comes amid a groundswell trend toward tokenization throughout the blockchain community. Essentially, tokenization allows anyone to convert an off-chain asset into a digital, on-chain token. Continue Reading on Coin Telegraph More
Binance is due to submit its response to the Commodity Futures Trading Commission (CFTC) complaint on July 27 and plans to seek dismissal, according to the filing.The CFTC in March sued Binance, the world’s biggest crypto exchange, and Zhao for operating what the regulator alleged was an “illegal” exchange and a “sham” compliance program.In its complaint, the CFTC said that from at least July 2019 to the present, Binance “offered and executed commodity derivatives transactions on behalf of U.S. persons” in violation of U.S. laws.The CFTC declined to comment and Binance did not respond to a Reuters request for comment.Binance and Zhao were also sued by the U.S. Securities and Exchange Commission (SEC) in June for allegedly operating a “web of deception,” listing 13 charges against Binance, Zhao and the operator of its purportedly independent U.S. exchange.Binance is also under investigation by the Justice Department for suspected money laundering and sanctions violations, Reuters reported earlier. More
The OpenAI-developed AI classifier was first launched on Jan. 31 and aimed to aid users, such as teachers and professors, in distinguishing human-written text from AI-generated text. Continue Reading on Coin Telegraph More
On July 24, Massad told the CNBC interviewer that he sees stablecoins as a bridge between “the crypto world and the real world,” and that governments should not view them as a fad fated to disappear. Continue Reading on Coin Telegraph More
BTC price performance has weakened in recent days, with BTC/USD hitting $28,850 on July 24, data from Cointelegraph Markets Pro and TradingView confirms.Continue Reading on Coin Telegraph More
The outflow was revealed in a report by James Butterfill, CoinShares’ head of research. Bitcoin (BTC) investment products saw a notable outflow of $13 million during the week ending July 21. A reversal came after five consecutive weeks of inflows.The overall digital asset funds also witnessed weekly outflows of $6.5 million, following four weeks of substantial inflows totaling $742 million.During the same period, short Bitcoin products also experienced outflows totaling $5.5 million.In contrast, investment products related to Ether (ETH) and XRP (XRP) recorded a combined inflow of $9.2 million over the past week.Ether emerged as the top performer, attracting $6.6 million in inflows, while XRP funds also garnered investor interest with an influx of $2.6 million.Flows by leading digital asset investment products | Source: CoinSharesOther altcoins, such as Solana (SOL) and Polygon (MATIC), also witnessed some attention, tracking inflows of $1.1 million and $0.7 million, respectively.The latest trend reversal for BTC investors seems to be linked to a lack of positive news following some major catalysts in recent weeks. Notably, global asset management giant BlackRock (NYSE:BLK) filed for a long-awaited spot BTC exchange-traded fund on June 15, leading to increased investments in BTC-focused funds over the following month at a rate not seen since October 2021.Other financial institutions that have filed for Bitcoin spot ETF applications with the SEC since mid-June include ARK Invest, Fidelity, Galaxy Digital, VanEck, Valkyrie Investments, NYDIG, SkyBridge, and WisdomTree.Moreover, XRP’s partial court victory over the U.S. Securities and Exchange Commission (SEC) on July 13 initially boosted BTC’s price to a yearly high before it fell below $30,000. However, this ruling improved investor confidence in altcoins, as indicated by positive fund flows in the past week.Notably, Bitcoin continues to dominate the digital asset market, attracting $558 million in inflows in 2023. Its total assets under management amount to $25 billion, accounting for 67.4% of the total market share.At the time of writing, BTC is exchanging hands at $29,186, experiencing a 2% drop over the last 24 hours.This article was originally published on Crypto.news More
