Launched in beta on Aug. 11, the platform allows users to tokenize their social network by buying and selling “shares” of their connections. Friend.tech, a recently released decentralized social (DeSo) network, generated over $1 million in fees in 24 hours on Aug. 19, outperforming established players in the crypto ecosystem, including Uniswap and the Bitcoin network. The…

Bitcoin is giving plenty of longtime market participants reason to forecast a return to its previous cycle’s $20,000 all-time high — or worse. Bitcoin hovered above $26,000 into the Aug. 20 weekly close as doomsday BTC price targets kept coming. Analysis: Bitcoin may see new ‘generational buying opportunity’ Data from Cointelegraph Markets Pro and TradingView showed an eerie calm covering…

According to the report, Europe is home to nine out of the ten least profitable countries for Bitcoin mining, based on household electricity costs. There is a significant worldwide contrast in household electricity expenses for individual Bitcoin miners. While producing one Bitcoin in Italy costs $208,560, in Lebanon, it’s roughly 783 times cheaper, according to a…

At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States. The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter. Since July, the…

A fresh round of attacks targeted the DeFi ecosystem on Aug. 18. The Exactly protocol was exploited for nearly $7.3 million, while the Harbor’s team is still estimating the amount stolen. Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain…

A crypto wallet linked to the BNB Smart Chain exploit had three of its positions liquidated after BNB’s price dropped below $220. The sudden market pullback in the crypto space liquidated many traders and, according to data shown on the blockchain, the attackers responsible for the infamous BNB Smart Chain exploit, which led to the…

Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital investments in the crypto industry. As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community…

A massive amount of traders were liquidated as the BTC price dropped to $25,300, but was it primarily retail traders that were washed out? The price of Bitcoin fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low….

Users will still be able to deposit and withdraw USDT, DAI and RAI after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend trading of the Tether, Dai, and RAI stablecoins for Canadian users beginning Aug. 31. In an Aug. 17 email notice to users, Coinbase said, ”We regularly monitor the assets…

The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources. The price of Ether surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report…