Crypto Roundup: Tether Seizure, Bank CEO Jailed, Bitcoin at a Crossroads
2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research
Ethereum’s Dencun upgrade has "greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions.
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research
Ethereum’s Dencun upgrade has "greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions.
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.
🤔 The Bitcoin network saw a sharp spike in the amount of fees collected (from 0.5 BTC to 60 BTC per hour)!
•This was due to transactions sending BTC to stake in the new Babylon protocol
•The total staking size was limited to 1,000 BTC, which created a temporary rush. Each staking transaction cost users about 0.05 BTC
•Once the staking limit was reached, fees and transactions began to return to normal
📣 Justin Sun's USDD stablecoin is no longer backed by bitcoin
According to Tron DAO Reserve, approximately 12,000 BTC previously used as USDD reserves have been removed.
📊 Crypto Net Inflow : Aug 22th
💰 BTC ETFs : $64.8M 📈
💰 ETH ETFs : -$0.8M 📉
🇷🇺 Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports.
•This was due to transactions sending BTC to stake in the new Babylon protocol
•The total staking size was limited to 1,000 BTC, which created a temporary rush. Each staking transaction cost users about 0.05 BTC
•Once the staking limit was reached, fees and transactions began to return to normal
📣 Justin Sun's USDD stablecoin is no longer backed by bitcoin
According to Tron DAO Reserve, approximately 12,000 BTC previously used as USDD reserves have been removed.
📊 Crypto Net Inflow : Aug 22th
💰 BTC ETFs : $64.8M 📈
💰 ETH ETFs : -$0.8M 📉
🇷🇺 Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports.
#cryptonews
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