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Fees paid to process transactions on the Ethereum [ETH] network are at a one-year low, data from IntoTheBlock revealed. This can be primarily attributed to the movement of transactions. These were preThe post Ethereum: Assessing reasons behind decline in daily revenue on network appeared first on AMBCrypto.

AMBcrypto

Ethereum: Assessing reasons behind decline in daily revenue on network

There are signs of further turbulence ahead. The absence of a BTC futures premium, $470 million in liquidations and excessive stablecoin lending all point toward new yearly lows.

CoinTelegraph

3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

The much-talked about Ethereum [ETH] Merge is around the corner, and things seem to be heating up in the mining community. The leading altcoin has adopted a more environmentally-friendly Proof-of-The post The Ethereum Merge may be eco-friendly, but is it miner-friendly appeared first on AMBCrypto.

AMBcrypto

The Ethereum Merge may be eco-friendly, but is it miner-friendly

FDIC sent the cease and desist letter to five companies, including FTX US and mentioned alleged misleading tweets from FTX US president Brett Harrison. The agency wants the crypto company to ensure any misleading details are removed and compliance confirmed in writing within fifteen days. The Federal Deposit Insurance Corporation (FDIC), a US government agency that offers deposit

Coinjournal

FDIC issues cease and desist letter to FTX US over misleading statements

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

CoinTelegraph

United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

If Celsius Network’s CEO, Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV's "First Mover."

CoinDesk

Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says

The parent company of the Ethereum scaling technology, Arbitrum, Offchain Labs, unveiled the latest chain designed for gaming and decentralized social applications. The new Arbitrum Nova will be the home of the popular social forum Reddit’s Community Points. Offchain Labs…

BTC Manager

Offchain Labs Introduces Arbitrum Nova for the Reddit Community

Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action against Tornado Cash.

CoinTelegraph

FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer

The decline in crypto prices appears to be linked to poor inflation data in Germany. Bitcoin (BTC) sold off sharply in Friday trading, and was recently trading below $21,500, down more than 8% over the last 24 hours. The largest cryptocurrency by market capitalization is down 13% for the week.The decline started during overnight trading, coinciding with unexpectedly high inflation

CoinDesk

Market Wrap: Bitcoin’s Price Plummets on Global Inflation Concerns

The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.

CoinTelegraph

FTX US among 5 companies to receive cease and desist letters from FDIC

The low prices of cryptocurrencies have lowered crypto services platforms’ income. As a result, it forced many crypto exchanges to lay off their staff to fight the challenging global economic conditions of 2022. Following the footstep of other companies, Swyftx, an Australian-based crypto exchange, has announced cutting its workforce by 21% to minimize the cost and survive in the b

BITCOINIST

Australian Crypto Exchange Swyftx Cuts Its Workforce By 21% Amid Bear Market

Fan token market cap is up almost 100% from last month, according to CoinGecko data.

CoinDesk

Sports Tokens Surge After Socios.com Gets Regulatory Approval in Italy

Cardano [ADA] developer Adam Dean recently took to Twitter to voice his grievances related to certain development issues that the altcoin is facing. As per his tweet dated 18 August, the developerThe post Cardano investors should know this reason behind ADA's 14% freefall appeared first on AMBCrypto.

AMBcrypto

Cardano investors should know this reason behind ADA's 14% freefall

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin Sold Since the First of the Month, Fo

Bitcoin.com

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

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