Despite selling pressure from whales, ADA continues to struggle in its attempt to reclaim the $1 level. According to data from crypto.news, Cardano (ADA) was trading at $0.58, marking a 6.6% gain over the past week that pushed its market…
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U.S authorities charge two crypto founders in $650 million scam [btcmanager]
U.S. authorities have charged two men for running a crypto investment scam that defrauded thousands of investors. According to an indictment unsealed on Monday, co-founders Michael Shannon Sims and Juan Carlos Reynoso launched the fake investment platform in 2019, ran…
CRO price posts 20% single-day rally on inclusion in Trump Media-backed ETF, eyes $0.105 [btcmanager]
CRO price staged a powerful rally Tuesday, climbing over 20% after news broke of its inclusion in a proposed Trump Media-backed Blue Chip ETF, sparking renewed bullish momentum for the embattled token. Cronos (CRO) surged over 20% on Tuesday after…
Are Bitcoin treasury companies a new bubble akin to the ICO boom? Critics and industry leaders see similarities [btcmanager]
As Bitcoin treasury companies are becoming the new initial coin offerings, people are starting to remember how it all ended in 2018. While ICOs and Bitcoin treasury companies are definitely not the same, critics outline some similarities. More than that,…
Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL [btcmanager]
Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks. The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood…
US sanctions network aiding North Korean IT workers in targeting crypto companies [btcmanager]
Continuing its crackdown on North Korea’s efforts to infiltrate U.S. companies, the Treasury Department has sanctioned two individuals and four entities for aiding malicious IT workers in infiltrating crypto firms. A North Korean national, Song Kum Hyok, and a Russian…
South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits [btcmanager]
South Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would grant them tax reductions and other benefits. According to a notice published on July 9, the country’s Ministry…
Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products [btcmanager]
Coinbase has launched a $5 million bug bounty program hosted on Cantina, aimed at strengthening the security of its on-chain products and the Base layer 2 network. The program, which was announced on July 8, is one of the biggest…
OpenSea acquires Rally Wallet to expand mobile and token trading capabilities [btcmanager]
OpenSea has acquired Rally Wallet, a mobile-native crypto wallet startup, in a move aimed at expanding its reach into mobile and token-based trading. The acquisition was announced on July 8 by Rally co-founder and chief executive officer Chris Maddern, who…
Phantom puts perps in traders’ pockets as mobile-first derivatives go live [btcmanager]
Perpetual futures see over $100 billion in daily trading volume, yet most platforms still cater to pros. Phantom’s mobile-first approach could be the bridge or the breaking point for retail adoption. On July 8, Phantom, the crypto wallet best known…