The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization…
Cryptocurrency News
CLARITY Act explained: What it means for Crypto Week and beyond [cointelegraph]
The CLARITY Act promises long-awaited regulatory clarity for digital assets, balancing innovation, oversight and investor protection.
House eyes Wednesday re-vote on crypto bills after procedural defeat [btcmanager]
The U.S. House of Representatives is preparing to retry a key procedural vote on Wednesday, July 16, that would allow floor debate on a trio of major cryptocurrency bills, after GOP hardliners derailed the effort on Tuesday. As reported by…
Aave eyes breakout above $330 as TVL surpasses $30B for the first time [btcmanager]
Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month.…
Aave eyes breakout above $330 as TVL surpasses $30B for the first time [btcmanager]
Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month.…
BigONE suffers supply chain attack with over $27m losses [btcmanager]
BigONE became the victim of a supply chain attack, which resulted in damages amounting to more than $27m losses. The attacker was able to withdraw funds from a network exploit. On July 16, the crypto exchange suffered a third-party attack…
GameStop may accept crypto payments for trading card purchases: report [btcmanager]
GameStop, the American video game retailer, will consider accepting cryptocurrencies as payment for trading card purchases, according to the company’s CEO, Ryan Cohen. During his latest appearance on CNBC’s Squawk Box, Cohen said the company is exploring the use of crypto…
JP Morgan to ‘get involved’ in stablecoins despite CEO skepticism [btcmanager]
TradFi giant JPMorgan Chase is moving ahead with stablecoin-related efforts, even as CEO Jamie Dimon remains unconvinced of their broader appeal. On the bank’s latest earnings call, according to CNBC, Dimon revealed that JPMorgan plans to be actively involved in…
Crosschain swaps move $21B in illicit funds, up 200% in two years — Elliptic [cointelegraph]
Crypto criminals are using crosschain tools such as bridges, DEXs and coin swappers to obscure $21.8B in illicit flows across multiple blockchains.
Crypto exchange BigONE loses $27M in third-party attack [cointelegraph]
BigONE crypto exchange has confirmed a $27 million loss after a third-party attack on its hot wallet infrastructure.