Linea blockchain halt highlights slow decentralization of Ethereum L2s
Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future.
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Balancer (BAL) price soars to new all-time high: What’s driving the rally?
BAL, the native cryptocurrency of Balancer — a popular automated market maker (AMM) utilized by many decentralized finance (DeFi) users to trade cryptocurrencies — surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingViewThere are two key reasons behind the uptrend of BAL, namely the buzz around the Coinbase…

Crypto Exchange Bittrex Expands Adds Ethereum Classic and XRP Trading Pairs
Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies, according to an official announcement published August 8. Per the announcement, Bittrex is looking to expand its fiat markets to Ethereum Classic (ETC) and Ripple (XRP) on August 20. The new trading pairs will be…

Yuga Labs settles lawsuit with developer involved in copycat BAYCs
The BAYC creators have settled with developer Thomas Lehman over his role in selling a copycat collection of BAYC NFTs. Own this piece of history Collect this article as an NFTThe creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection…

Trader: Bitcoin’s Current Rally Isn’t Corrective, It’s Impulsive
Is Bitcoin’s current rally just a bull trap, or is it actually headed for the moon? Trader Alessio Rastani and co-founder of Wintermute Trading, Yoann Turpin, explain why Bitcoin’s upward momentum may be impulsive in nature rather than corrective. Don’t miss the latest episode of Cointelegraph’s crypto market discussions for further analysis of the long term…

South Korean Authorities Investigate Crypto Fraud That Promised Investors Shipwreck Gold
South Korean authorities are investigating a crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck. Earlier this month, Shinil announced it had found the Dmitrii Donskoi, a Russian armored cruiser that…

FTX co-founder Gary Wang sentenced to time served
Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.

2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.

Ray Dalio predicts global debt crisis, backs Bitcoin, gold
Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.