Telegram-Linked TON Blockchain Down as Binance, Bybit Suspend Trading – Decrypt
The Open Network (TON), developed by brothers Pavel and Nikolay Durov, went down late Tuesday night, with eagle-eyed users reporting that the protocol had stopped processing transactions. The network, formerly associated with messaging platform Telegram, has not produced any new blocks in the past four hours, according to Blockchain Explorer. TonScan. In a post from […]
Bitcoin Bull RFK Jr. Joins Trump’s Transition Team After Suspending Campaign – Decrypt
Republican candidate Donald J. Trump has added pro-cryptocurrency politician Robert F. Kennedy Jr. to his presidential transition team, giving his former political opponent influence over the policies of his administration. Kennedy, a one-time political opponent of President Trump, will serve as co-chair of the Republican transition team alongside former Democrat Tulsi Gabbard, she said in […]
Bitcoin Traders Divided on Near-Term Price Rise After Jackson Hole – Decrypt
Bitcoin traders had mixed reactions in derivatives markets after the Jackson Hole Economic Symposium on Friday, balancing optimism about future gains with caution about the pace of the potential upside. The market has seen an increase in call spread buying, a sign that traders are betting on further price increases, QCP Capital said in its […]
Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent – Decrypt
Bitcoin prices rose on Friday as Federal Reserve Chairman Jerome Powell prepared to cut interest rates in the coming months, signaling that the U.S. central bank is comfortable with keeping inflation in check but is paying more attention to a weakening and expanding labor market. “The direction to move is clear, and the timing and […]
Meme Coin Traders Hate the Flood of Tokens on Pump.fun – Decrypt
Donald Trump and Elon Musk had a conversation on Twitter. Pump Fun OlympicsWithin three hours, 10,000 tokens had been minted by the Meme Coin Factory. But Degen wasn’t satisfied. “How is this a good thing?” Tyler Stockfield (commonly known as Anonymous) wrote Twitter“Nobody is having fun anymore except the Pump Fun team who are making […]
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’ – Decrypt
El Salvador is receiving a major infrastructure investment that is expected to help build the country’s future-oriented “Bitcoin City.” The government said Sunday that Turkish holding company Ilport will invest $1.62 billion in two seaports in El Salvador, the largest private investment in the country’s history. “This is a joint venture with Ilport Co., Ltd. […]
Bitcoin Price Slump Tied to Rise of Kamala Harris Over Trump, Says Bernstein – Decrypt
Rising expectations surrounding Kamala Harris’ presidential campaign could be contributing to Bitcoin’s recent price decline, Bernstein analysts wrote in a report published on Monday. Since President Joe Biden dropped out of the Democratic race in favor of his vice president, Harris’ odds of winning the election have soared in recent polls and cryptocurrency prediction market […]
IRS Updates Crypto Tax Form, Drops Wallet Address Requirement – Decrypt
The United States tax agency has released revised forms for crypto investors, aiming to simplify taxes for digital asset holders. The 1099-DA, released as a draft on Friday, will provide “easier and clearer” reporting for tax filers with cryptocurrency investments, the IRS said in a statement on Friday. The revised form removes requirements from the […]
Bitcoin Above $69,000 as Inflation Shows Signs of Easing Ahead of Fed Meeting – Decrypt
U.S. prices rose modestly in June, suggesting inflation is subsiding, which could lead the Federal Reserve to cut interest rates in September, paving the way for higher prices for risky assets, including cryptocurrencies. The Commerce Department reported Friday that consumer spending slowed slightly last month, and easing price pressures and a cooling labor market may […]
Bitcoin Miners Weathering ‘Identity Crisis’ as Some Eye AI and Acquisitions – Decrypt
Bitcoin mining companies benchmarked each other at Bitcoin 2024 in Nashville last weekend, as the post-halving situation continues to put pressure on companies’ established business models. While some public companies are seeing industry-wide hurdles as an opportunity to expand or even launch hostile takeover attempts, others are seeking to gain an advantage by diversifying revenue […]