Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Experts debate whether NFTs really need blockchain
At the BlockDown 2021 conference, EllioTrades, a crypto YouTuber and co-creator of the Superfarm NFT project, joined a debate about the value of nonfungible tokens, or NFTs, with Edmund Schuster, associate professor of law at the London School of Economics.By definition, NFTs are unique pieces of digital content brought and moved online using blockchain tech,…

What death spiral? Bitcoin mining difficulty rises by 9% since halving
After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin (BTC) hash rate is at a record high.An all-time high hash rate and a stable Bitcoin mining industry are both positive signs for the medium to long-term…

Vitalik says ‘at present’ his donations yield better gains than investments
The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit.

Russia’s central bank goes to war: Is cryptocurrency a friend or foe?
In January 2022, the Central Bank of Russia (CBR) proposed a number of measures aimed at curtailing the country’s cryptocurrency market, which included a blanket ban on the use and mining of all cryptocurrencies. It pointed out risks posed by the volatile nature of cryptocurrencies to the financial stability of the country, the extensive use…

Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO
Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. 944 Total views 40 Total shares In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as…

It looks like the SEC isn’t done with trading app Abra just yet
The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to…

ICE’s Bakkt CEO: Platform Won’t Support Margin Trading, Contracts to Be Fully Collateralized
Bakkt — the forthcoming regulated global ecosystem for crypto assets recently unveiled by Intercontinental Exchange (ICE) — will not support margin trading for its Bitcoin (BTC) contract, according to an official Medium post published August 20. Earlier this month, ICE –– the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE)…

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office
The National Audit Office emphasized that it took nearly three years for the UK Financial Conduct Authority to address illicit activity in crypto ATMs across the country. 137 Total views 5 Total shares The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in