Dogecoin, WIF and other memecoins crash hardest amid $1.7B crypto liquidations

December 10, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.

The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature…

How can Bukele still stack Bitcoin after IMF loan agreement?

Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and

Biden’s capital gains tax plan to pull crypto down to earth from the moon?

There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on the Biden Administration’s reported plan to tax capital gains at double the current rate on America’s wealthiest. Bitcoin is habitually volatile, so one probably shouldn’t read too much into a double-digit…

US Regulators’ Approach to Crypto Is Obstructing Innovation: Ex-Congressman

Former Republican Representative George Nethercutt championed cryptocurrency, but took aim at United States regulators’ approach to it in an article for political news outlet The Hill Jan. 14.Nethercutt — who represented the U.S. state of Washington for ten years from 1995 — now serves as founder and chairman of Nethercutt Consulting LLC and of his…

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Fed hits Texas bank with cease and desist over servicing crypto firms

The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.

Breakout or $40K bull trap? 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the first week of December looking better than it has since early 2022 — at over $40,000.BTC price action is delighting bulls already as the month begins, with the weekly close providing the first trip above the $40,000 mark since April last year.Shorts are getting wiped and liquidity taken as the bull

21-Year Old American Purported SIM Swapper Arrested for Alleged Theft of $1 Mln in Crypto

Authorities in the U.S. state of California have arrested a 21-year old New Yorker for the alleged theft of $1 million in crypto using “SIM-swapping,” U.S. broadsheet the New York Post reported Nov. 20.SIM-swapping — also known as a “port-out scam” — involves the theft of a cell phone number in order to hijack online…

Pro traders turn into bears after Ethereum price dropped to $3,200

After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place.Tech giants launching their own smart contract platforms and regulatory uncertainty might have impacted investors’ sentiment and derivatives metrics also show worsening conditions that confirm professional traders' shift toward…

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