Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.
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Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes
Lord Fusitu’a, a former member of the Tongan parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook.Step one is remittance, two is legal tender, three is Bitcoin mining, and four is moving national treasuries…

Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months
The network difficulty recorded a drop of 4.33% — falling from 31.251 trillion to 29.897 trillion on May 26, just two weeks after attaining its all-time high. 735 Total views 20 Total shares The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as…

Institutional DeFi players will bring commercial real estate onchain: KPMG exec
DeFi activity from institutions would be more “permissioned” as market participants will want to know who they’re dealing with, KPMG’s Kunal Bhasin said.

Lightning Labs CTO Confirms LN Vulnerabilities ‘Exploited in the Wild’
Following a recent warning on vulnerabilities on Bitcoin’s (BTC) Lightning Network (LN), a startup claims to have found instances of the vulnerability being exploited.Upgrade advised to avoid loss of fundsOlaoluwa Osuntokun, CTO at LN-focused startups Lightning Labs and ACINQ, revealed the news in a brief statement on Linux Foundation’s domain on Sept. 10, claiming that…

China could shut down Bitcoin for $7B a year says Logica Capital chief strategist
Logica Capital's chief strategist believes China could attack the Bitcoin network for just $7 billion per year. 3071 Total views 14 Total shares Michael Green, chief strategist and partner at investment advisory firm Logica Capital, has sounded the alarm about China’s Bitcoin (BTC) mining dominance during a debate with crypto proponent Anthony Pompliano.The discussion between…

UK pushes crypto efforts forward through financial services reforms
The reforms include regulating stablecoins as a means of payment and creating a sandbox where firms and regulators can test new financial technologies. 487 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTThe United Kingdom’s Chancellor of the Exchequer Jeremy Hunt laid out a number of reforms aiming…

Binance’s CZ says Buterin ‘proved me wrong’ and DeFi full of bubbles
Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated…

Beleaguered DeFi project xToken suffers second major exploit since May
xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug. 29, the xToken team reported that the attack had resulted in…