• Cointelegraph.com News - 10 August 2022, 5:00 pm

    The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common. The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets.In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. The Form PR would require qualifying hedge funds to not include exposure to cryptocurrencies when reporting “cash and cash equivalents,” but rather add them under a different category “to report digital asset strategies accurately.”The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more…Read More

  • Bitcoin News - 10 August 2022, 5:00 pm

    HUMAN Protocol is an infrastructure to reshape how humans work, by supporting distributed job markets in which any job, of any size or type, can be securely tokenized, published, and completed. The HUMAN team is now developing a new blockchain coordination layer to empower communities for positive contributions. Providing an Incentives Framework Featuring Staking and […]Read More

  • Cointelegraph.com News - 10 August 2022, 4:00 pm

    Binance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance. Despite the Philippine Securities and Exchanges Commission warning the public against investing with Binance, the crypto exchange stays positive and relentless in bringing its services to the Southeast Asian country. In an interview, Binance’s head of Asia-Pacific Leon Foong told Cointelegraph that they are very optimistic about being able to enter the Philippines. The executive highlighted that despite the efforts of a lobbying group to ban Binance, the firm will continue to be focused on trying to bring the benefits of crypto to the country. He explained that: “We tend not to really get distracted by what some of these other so-called lobbying bodies are doing. Rather, we want to focus on how we continue offering our users a better experience.”Foong believes that blockchain technology will be a key driver for…Read More

  • Bitcoin News - 10 August 2022, 4:00 pm

    Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform’s team managed to freeze $200K worth of the stolen funds. Curve Finance Exploited for […]Read More

  • Bitcoin News - 10 August 2022, 3:15 pm

    Avalanche rallied on Wednesday, as the token broke out of a key resistance level on its way towards a multi-month high. Crypto markets mostly rallied as the session progressed, following the release of the latest U.S. inflation numbers. Ethereum classic was one such token, as it moved closer to $40. Avalanche (AVAX) Avalanche (AVAX) was […]Read More

  • Cointelegraph.com News - 10 August 2022, 3:00 pm

    If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you. The grassroots Mi Primer Bitcoin, meaning “My First Bitcoin,” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May. Founded by John Dennehy, an American activist and journalist, the program also has the support of the Salvadoran government. El Salvador’s first #Bitcoin diploma program launched with the support of its Ministry of Education pic.twitter.com/ajIHPHzqap— Bitcoin Magazine (@BitcoinMagazine) May 2, 2022 Cointelegraph spoke with Dennehy and Gilberto Motto, El Salvador’s director of education, to delve into the country’s struggles and successes in Bitcoin (BTC) education and to understand the rate at which it is spreading among the land of volcanoes. The genesis blockWhen El Salvador adopted Bitcoin as legal tender on June 8, 2021, very few Salvadorans besides President Nayib Bukele could explain concepts…Read More

  • Cointelegraph.com News - 10 August 2022, 2:21 pm

    Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price. Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI cuts risk assets much-needed slackData from Cointelegraph Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI) data for July showed a slowdown versus the previous month.While managing $24,179 on Bitstamp, BTC/USD nonetheless did not attract enough momentum to challenge levels from the day prior.Nonetheless, relief among traders was palpable, as declining inflation should signal to the Federal Reserve that less aggressive interest rate hikes are necessary going forward. This,  in turn, should reduce pressure on risk assets, including crypto.Year-on-year CPI inflation came in at 8.5%, 0.2% below expectations, while month-on-month, the figure was unchanged from June.Over to you…Read More

  • Bitcoin News - 10 August 2022, 2:00 pm

    Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured. Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing Berlin-based crypto […]Read More

  • Cointelegraph.com News - 10 August 2022, 1:12 pm

    Attackers who hijacked Curve Finance’s landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers. Decentralized finance protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a domain name system (DNS) hijacking incident.The automated market maker warned users not to use the front end of its website on Tuesday after the incident was flagged online by a number of members of the wider cryptocurrency community.While the exact attack mechanism is still under investigation, the consensus is that attackers managed to clone the Curve Finance website and rerouted the DNS server to the fake page. Users who attempted to make use of the platform then had their funds drained to a pool operated by the attackers.Curve Finance managed to remedy the situation in a timely fashion, but attackers still managed to siphon what was originally estimated…Read More

  • Bitcoin News - 10 August 2022, 1:07 pm

    Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was […]Read More