BTC Will Hit $50,000 Ahead of Halving: Forecast
Michael van de Poppe, a trader and analyst, has estimated that the current correction could last four to six weeks, with the subsequent growth pushing the price of digital gold to around $50,000.
Circle Shares Plans to Deploy USDC on Six Networks
In the upcoming months of September and October, USDC stablecoin from issuer Circle will be deployed on a total of six networks, namely Base, Cosmos (via Noble), NEAR, Optimism, Polkadot, and Polygon.
FTX Files Court Petition to Hire Galaxy Digital’s Services to Sell its Assets
FTX has filed a court petition proposing to “buy, stake, and hedge” its $3 billion worth of digital assets, and they have chosen Galaxy Digital to execute this plan.
FBI Arrests Tornado Cash Co-Founder
OFAC listed on August 23 Roman Storm and Roman Semenov on their sanctions list, after they were indicted by the US Department of Justice for money laundering and violating sanctions.
Bitstamp Will Suspend its Staking Services in US
Bitstamp has announced that it will be ending its staking program for US users come September 25.
One of India’s Largest Crypto Exchanges Lays Off 71 Employees
CoinDCX, one of India’s major exchanges, sadly had to resort to layoffs, releasing 12% of their staff in 2022-2023.
Bitso Adds Support Tron Network and Tether Transactions
Bitso, an exchange specialized in Latin America, has now enabled support for the Tron network and USDT transactions.
A Chinese Official is Sentenced to Life for Crypto Mining
The former official of the Chinese province of Jiangxi, Yi Xiao, has been handed a life sentence by a court after being found guilty of corrupt activities and supporting cryptocurrency mining operations.
Terra Station Wallet Launches Update
Following news of a phishing attack on Terra, the developers released updates to the Terra Station desktop wallet along with new extensions for Google Chrome, Firefox and Microsoft Edge browsers, as well as a web version.
Hackers Attack Terra Project’s Website
The administrators of the Terra project reported on August 19 the terra.money domain sites had been compromised.
Harbor Protocol Vaults Are Attacked by a Hacker
Harbor Protocol was the victim of an attack on August 19, resulting in the storages of stOSMO, LUNA, and WMATIC being damaged.
Coin Center Urges US Congress for Clearer Crypto Regulations
Coin Center has been lobbying Senators Wyden and Crapo, from the Senate Finance Committee, to create clearer regulations for cryptocurrencies concerning taxation.
JPMorgan Believes Coinbase Crypto Futures Approval Legitimizes BTC in the US
The approval given by the CFTC to Coinbase to open up access to trading in crypto-currency based futures symbolizes the durability of digital assets in the US.
Mastercard Launches a CBDC Initiative
Global payment company Mastercard has recently launched a CBDC Innovation Research Partner Program that includes Blockchain industry partners such as Ripple, ConsenSys, and Fireblocks.
