Ethereum L2s surpass record $51B TVL after 205% yearly growth

Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before the mid-December deadline. 394 Total views 5 Total shares German crypto bank Nuri has told its 500,000 users to withdraw funds from their accounts as the firm prepares to shut down and liquidate the business,…

The new funds would invest in a wide range of different crypto-related assets including Bitcoin miners and privacy tech. 359 Total views 1 Total shares Three new crypto-focused exchange-traded funds (ETFs) have been put forward for approval by cryptocurrency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds. On…

Another big drop in the U.S. stock market could leave Ethereum's native token Ether (ETH) in a similar downside spell, according to the latest Bloomberg report on digital assets.Ethereum faces global recession risksMike McGlone, the senior commodity strategist at Bloomberg Intelligence, anticipates U.S. equities to face downside pressure against the prospects of the ongoing energy-price…

CCN casts doubt on shutdown plans as Google appears to correct visibilityCryptocurrency news outlet CCN (formerly CryptoCoinsNews) is apparently not going through with its total shutdown, as reported earlier this week. The outlet had previously posted a note that a recent Google Core Update had led to a more than 70% visibility drop on mobile…

A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process. 399 Total views 13 Total shares The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations.…

The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.” 231 Total views 124 Total shares The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency…

Asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin (BTC) exchange-traded funds (ETFs) to qualified institutional buyers. While the wait for retail investors continues, institutional players might get an opportunity to buy the shares starting on Sept. 5. This is a positive development because a strong demand from institutional players…

Bitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher.

Bitcoin faces issues with liquidity despite an admirable comeback from six-month lows — can BTC price upside last?