CEO of defunct yield protocol says user deposits weren’t 'principal protected'
The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant.
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Bitcoin’s (BTC) 2020 block reward halving continues to generate mixed opinions regarding price performance, as one analyst suggests its impact will be next to nothing.In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of…

VC Roundup: Blockchain-AI startups grab investors’ attention
This edition of Cointelegraph’s VC Roundup features Lombard, Redacted, RedStone, Covalente, and more.

Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target
Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHedging bets against a “swift downwards move”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two…

Bitcoin price downside may last 2 months — Analysis
Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout.

Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Express
Huobi co-founder sues own company for copyright infringement According to local news reports on June 21, Leon Lin Li, former co-founder of cryptocurrency exchange Huobi Global, has filed a copyright infringement lawsuit against the company in Hong Kong. Li claims that despite selling his majority stake to an entity controlled by Chinese blockchain personality Justin…

First EU spot Bitcoin ETF hits Euronext Amsterdam exchange
The Jacobi Bitcoin ETF is finally going live on the Euronext Amsterdam stock exchange, more than a year after its planned launch. 692 Total views 4 Total shares The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a…

Binance is reportedly under investigation from IRS and Justice Department
The price of Bitcoin and Ether both fell between 3% and 5% as the report spread across social media. 7414 Total views 32 Total shares Major cryptocurrency exchange Binance is reportedly under investigation by both the United States Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from…

Apple’s AI-enhanced iPhones help tech giant’s earnings beat expectations
Apple’s latest AI-infused iPhones beat analysts' sales expectations for the quarter, pushing the tech player’s earnings past Wall Street estimates.