๐ฆ๐ช A Dubai court has recognized cryptocurrency as a legal form of salary payment. ๐ฐ
This decision marks a shift from the courtโs previous stance, announced in 2023, when a similar case was dismissed due to the lack of precise valuation of cryptocurrency. ๐
This step demonstrates a progressive approach to integrating digital currencies into the country's legal and economic system.
This decision marks a shift from the courtโs previous stance, announced in 2023, when a similar case was dismissed due to the lack of precise valuation of cryptocurrency. ๐
This step demonstrates a progressive approach to integrating digital currencies into the country's legal and economic system.
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๐ Another ancient Bitcoin address has awakenedโit had been dormant for 11 years and held 174 BTC ($10 million), which were purchased in 2014 for $142,000.
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๐ Bitcoinโs "Death Cross" Appears: Is a Golden Cross Next?
๐ Bitcoin's drop below $58,000 has triggered a "Death Cross," signaling a potential new wave of selling. This pattern occurs when the 50-day moving average (DMA) crosses below the 200 DMA.
๐ Trader Mags notes this is the second bearish "Death Cross" since Bitcoin hit $15,500. The last one appeared in September 2023 when Bitcoin was around $25,000. Historically, such signals were followed by a period of consolidation and then a "Golden Cross," leading to significant rallies. ๐ง
For example, after the September 2023 "Golden Cross," Bitcoin surged from $26,578 to $39,518, and in July 2021, it spiked 54% to $54,813. To reverse the current bearish signal, Bitcoin needs to reclaim the 200 DMA at $62,432, potentially testing the resistance at $70,000. ๐๐
๐ Bitcoin's drop below $58,000 has triggered a "Death Cross," signaling a potential new wave of selling. This pattern occurs when the 50-day moving average (DMA) crosses below the 200 DMA.
๐ Trader Mags notes this is the second bearish "Death Cross" since Bitcoin hit $15,500. The last one appeared in September 2023 when Bitcoin was around $25,000. Historically, such signals were followed by a period of consolidation and then a "Golden Cross," leading to significant rallies. ๐ง
For example, after the September 2023 "Golden Cross," Bitcoin surged from $26,578 to $39,518, and in July 2021, it spiked 54% to $54,813. To reverse the current bearish signal, Bitcoin needs to reclaim the 200 DMA at $62,432, potentially testing the resistance at $70,000. ๐๐
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๐ด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ 14 out of 20 clubs in the English Premier League will have partnership or sponsorship agreements with cryptocurrency companies in the 2024/2025 season. โฝ๏ธ
The Premier League is the most popular sports league in the world: it is watched in 212 countries, and the potential television audience for its matches is 4.7 billion people.
The Premier League is the most popular sports league in the world: it is watched in 212 countries, and the potential television audience for its matches is 4.7 billion people.
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๐จ Warning for Windows Users: New Malware Targets Crypto ๐จ
๐ Check Point Research has revealed a new and dangerous malware, Styx Stealer, which is specifically designed to steal Bitcoin, Ethereum, and other cryptocurrencies. This malware, an advanced version of the Phemedrone Stealer, exploits a vulnerability in Windows Defender to execute scripts without security warnings.
Key Points:
โช๏ธTargets: Styx Stealer can hijack browser cookies, security credentials, and instantly intercept cryptocurrency transactions by replacing wallet addresses.
โช๏ธAffected Browsers:It impacts Chromium-based browsers (e.g., Chrome, Edge) and Gecko-based browsers (e.g., Firefox, Tor).
โช๏ธAvailability: Styx Stealer is available for rent at $75/month or $350 for a lifetime license, with the creator actively selling it online and on Telegram.
โช๏ธProtection: Ensure your Windows OS is up-to-date and avoid suspicious links and attachments.
Stay vigilant and secure your crypto wallets! ๐๐ป
๐ Check Point Research has revealed a new and dangerous malware, Styx Stealer, which is specifically designed to steal Bitcoin, Ethereum, and other cryptocurrencies. This malware, an advanced version of the Phemedrone Stealer, exploits a vulnerability in Windows Defender to execute scripts without security warnings.
Key Points:
โช๏ธTargets: Styx Stealer can hijack browser cookies, security credentials, and instantly intercept cryptocurrency transactions by replacing wallet addresses.
โช๏ธAffected Browsers:It impacts Chromium-based browsers (e.g., Chrome, Edge) and Gecko-based browsers (e.g., Firefox, Tor).
โช๏ธAvailability: Styx Stealer is available for rent at $75/month or $350 for a lifetime license, with the creator actively selling it online and on Telegram.
โช๏ธProtection: Ensure your Windows OS is up-to-date and avoid suspicious links and attachments.
Stay vigilant and secure your crypto wallets! ๐๐ป
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it's half a year after bitcoin halving ๐
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๐คท Here Binance is complaining that Google search shows absolutely any services except cryptocurrency exchange services ๐
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The USDT stablecoin will launch on the Aptos blockchain ๐
๐ According to Tether, support for the Aptos network will enable transactions with USDT at exceptionally low fees (fractions of a cent). This is expected to broaden the use cases for USDTโfrom microtransactions to large corporate operations.
๐ดโโ๏ธ The Aptos blockchain was also chosen for its "unprecedented speed and scalability." In May of this year, the network recorded 157 million transactions in a single day.
USDT operates on several blockchain networks, with the most popular being Tron, Ethereum, Avalanche, Solana, and Ton. ๐
The Aptos blockchain token (APT) is among the top 30 largest crypto assets, with a market capitalization of around $3 billion. ๐
๐ According to Tether, support for the Aptos network will enable transactions with USDT at exceptionally low fees (fractions of a cent). This is expected to broaden the use cases for USDTโfrom microtransactions to large corporate operations.
๐ดโโ๏ธ The Aptos blockchain was also chosen for its "unprecedented speed and scalability." In May of this year, the network recorded 157 million transactions in a single day.
USDT operates on several blockchain networks, with the most popular being Tron, Ethereum, Avalanche, Solana, and Ton. ๐
The Aptos blockchain token (APT) is among the top 30 largest crypto assets, with a market capitalization of around $3 billion. ๐
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Donald Trump has announced that if he is re-elected as president, he will appoint Howard Lutnick, CEO of Cantor Fitzgerald, as the head of his transition team.
Cantor Fitzgerald has been the custodian of Tether since late 2021. ๐ช
The company has also launched a business offering loans to clients backed by Bitcoin.
Cantor Fitzgerald has been the custodian of Tether since late 2021. ๐ช
The company has also launched a business offering loans to clients backed by Bitcoin.
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Despite Bitcoin's 21% correction from its ATH, 74% of coins have not been sold or moved in the last six months.
This data is provided by Glassnode. According to the HODL Waves chart, as of August 11, the share of Bitcoins held by long-term investors has increased to 45%.
This data is provided by Glassnode. According to the HODL Waves chart, as of August 11, the share of Bitcoins held by long-term investors has increased to 45%.
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Tron has entered the top 10 largest crypto assets by market capitalization. ๐
The token has displaced the Cardano (ADA) cryptocurrency, which has been in the top ten largest coins for years. Currently, ADA is trading 90% below its 2021 all-time high. ๐ฐ
Since the beginning of 2024, the price of the TRX token has increased by approximately 30%, while ADA has decreased by 45% over the same period. ๐
The token has displaced the Cardano (ADA) cryptocurrency, which has been in the top ten largest coins for years. Currently, ADA is trading 90% below its 2021 all-time high. ๐ฐ
Since the beginning of 2024, the price of the TRX token has increased by approximately 30%, while ADA has decreased by 45% over the same period. ๐
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Hackers stole 4,064 BTC ($238 million) from a crypto investor! ๐
๐ต๏ธโโ๏ธThis information was shared by the well-known blockchain researcher ZachXBT on his profile on X.
The perpetrators laundered the money through ThorChain, eXch, Kucoin, ChangeNow, Railgun, and Avalanche Bridge.
Previously, transfers to the victim's wallet were made from a Genesis Trading address. ๐ง
๐ต๏ธโโ๏ธThis information was shared by the well-known blockchain researcher ZachXBT on his profile on X.
The perpetrators laundered the money through ThorChain, eXch, Kucoin, ChangeNow, Railgun, and Avalanche Bridge.
Previously, transfers to the victim's wallet were made from a Genesis Trading address. ๐ง
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Malaysian authorities destroyed 985 mining devices ๐ง
The total value of the devices is estimated at $450,000. They were reportedly confiscated during multiple raids aimed at combating electricity theft since 2022. ๐ฅทโก๏ธ
The loss from illegal connections of miners to the power grid in the country since 2018 is estimated at $776 million.
What a pain... But thereโs something oddly mesmerizing about this sight. ๐
The total value of the devices is estimated at $450,000. They were reportedly confiscated during multiple raids aimed at combating electricity theft since 2022. ๐ฅทโก๏ธ
The loss from illegal connections of miners to the power grid in the country since 2018 is estimated at $776 million.
What a pain... But thereโs something oddly mesmerizing about this sight. ๐
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The L2 blockchain Base will soon introduce its own naming service, Basenames.
๐ Users will be able to register a unique base.eth name to create an on-chain identity.
๐ After the launch of Basenames, all names will be put up for Dutch auction, where prices will decrease over 36 hours.
This will give everyone a chance to get their chosen name and prevent bots from snatching it up. ๐ซ๐ค
๐ Users will be able to register a unique base.eth name to create an on-chain identity.
๐ After the launch of Basenames, all names will be put up for Dutch auction, where prices will decrease over 36 hours.
This will give everyone a chance to get their chosen name and prevent bots from snatching it up. ๐ซ๐ค
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Elon Musk is shilling DOGE again ๐ถ
In response to Donald Trump's statements about intending to collaborate with Musk in a new administration, Elon wrote, "I am ready to serve."
๐ However, $DOGE did not react with a fantastic surge like in the glory days of the previous bull run, instead increasing by just a modest 5%, more or less in line with the overall market's response to Bitcoin's rise to $61,000. ๐คท
In response to Donald Trump's statements about intending to collaborate with Musk in a new administration, Elon wrote, "I am ready to serve."
๐ However, $DOGE did not react with a fantastic surge like in the glory days of the previous bull run, instead increasing by just a modest 5%, more or less in line with the overall market's response to Bitcoin's rise to $61,000. ๐คท
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"Ethereum Killers" are no longer a hot topic. ๐ฅ
CoinMarketCap has chosen to compare all the current Solana competitors! ๐
Metrics include: market capitalization, total value locked (TVL), programming language, maximum performance (TPS), number of daily active users, and the number of engineers involved in development.
CoinMarketCap has chosen to compare all the current Solana competitors! ๐
Metrics include: market capitalization, total value locked (TVL), programming language, maximum performance (TPS), number of daily active users, and the number of engineers involved in development.
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CryptoQuant: Hash Ribbons Signals End of Miner Capitulation ๐
The Hash Ribbons indicator, which tracks mining market stress using 30- and 60-day moving averages of Hash Rate, has just marked the end of miner capitulation, according to CryptoQuant.
๐ With Hash Rate hitting a new all-time high of 638 EH/s, miners are adopting more efficient equipment, reducing their selling, and reigniting their machines.
This is the first such signal since the halving, when miner rewards were cut to 3,125 BTC (~$185k). While the indicator doesnโt pinpoint exact price bottoms, it often signals reduced selling pressure and can precede price increases. ๐โจ
The Hash Ribbons indicator, which tracks mining market stress using 30- and 60-day moving averages of Hash Rate, has just marked the end of miner capitulation, according to CryptoQuant.
๐ With Hash Rate hitting a new all-time high of 638 EH/s, miners are adopting more efficient equipment, reducing their selling, and reigniting their machines.
This is the first such signal since the halving, when miner rewards were cut to 3,125 BTC (~$185k). While the indicator doesnโt pinpoint exact price bottoms, it often signals reduced selling pressure and can precede price increases. ๐โจ
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VanEck buys BTC ๐ฐ
The Head of Digital Assets at VanEck stated: "All the forced selling of Bitcoin is behind us. Bitcoin really hits its stride here, so we're buyers"
We wonโt argue with them, as the news anchor might have already tried, ending up with a black eye ๐.
The Head of Digital Assets at VanEck stated: "All the forced selling of Bitcoin is behind us. Bitcoin really hits its stride here, so we're buyers"
We wonโt argue with them, as the news anchor might have already tried, ending up with a black eye ๐.
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SEC Halts Solana ETF Approval Process ๐ซ
๐ The SEC has expressed concerns that Solana might be classified as a security, which led to Cboe removing its 19b-4 filings for Solana ETFs.
These filings, necessary for starting the approval process, have been withdrawn from the Cboe website and the Federal Register.
VanEckโs S-1 registration for a Solana ETF is still visible on the SECโs EDGAR system, while 21Sharesโ S-1 filing has disappeared from search results, though the link still works. ๐ง
The SEC's stance isn't surprising given past statements labeling Solana as a security. Experts predict that Solana ETF approvals are unlikely under the current administration, with potential new filings or amendments expected in the future. ๐
VanEck argues Solana is a commodity like Bitcoin, but the SEC's position may delay or block ETF approvals until at least 2025, contingent on political changes.
๐ The SEC has expressed concerns that Solana might be classified as a security, which led to Cboe removing its 19b-4 filings for Solana ETFs.
These filings, necessary for starting the approval process, have been withdrawn from the Cboe website and the Federal Register.
VanEckโs S-1 registration for a Solana ETF is still visible on the SECโs EDGAR system, while 21Sharesโ S-1 filing has disappeared from search results, though the link still works. ๐ง
The SEC's stance isn't surprising given past statements labeling Solana as a security. Experts predict that Solana ETF approvals are unlikely under the current administration, with potential new filings or amendments expected in the future. ๐
VanEck argues Solana is a commodity like Bitcoin, but the SEC's position may delay or block ETF approvals until at least 2025, contingent on political changes.
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