Why US spot Bitcoin options launch is such a big deal
“The floodgates for Bitcoin’s next evolution in financial markets are about to open,” said Bitcoin custody firm Theya’s head of growth, Joe Consorti.
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Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as it shows that investors are using the dips to buy cryptocurrency.In another positive for the crypto space, research by the recruitment firm…

US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely
The Office of the Comptroller of the Currency, a division of the United States Treasury that supervises banking in the country, on July 22, issued an interpretive letter clarifying that nationally chartered banks are allowed to provide cryptocurrency custody services to their customers extended to storing cryptographic keys associated with the currencies. In its letter, the…

Irish Red Cross Partners on Blockchain-Powered App to Bring Transparency to Donations
A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19.The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app…

Traders lose millions as memecoin downturn deepens
A trader who invested over $1 million in memecoins lost almost 90% of the funds in two days as meme-based tokens dropped.

Bitcoin short-term holder sales near $5B as profit-taking mimics 2021
Bitcoin (BTC) has seen a mass profit-taking event which rivals its $69,000 all-time highs, new analysis reveals.In a post on Dec. 5, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged billions of dollars heading to exchanges.Bitcoin speculators sell as if all-time highs are backBTC price gains have delivered a welcome

Elon Musk is worth 100K followers: Yat Siu, X Hall of Flame
His followers include William Shatner and Paris Hilton, but Animoca’s Yat Siu says Elon Musk would have a much greater impact: X Hall of Flame

Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice
Cryptocurrency accounting company, Lukka, has announced the launch of the Lukka Library — an interactive collection of academic papers addressing legal, accounting, and tax questions pertaining to crypto assets.On March 26, Cointelegraph spoke to Lukka co-CEO, Robert Materazzi, and Lukka Library creator and head of tax and regulatory affairs, Roger Brown.“People weren’t interested in paying…

Celsius moves $781M in stETH just as Lido withdrawals open
The bankrupt crypto lender has been moving its massive stash of staked Ethereum. 938 Total views 8 Total shares It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido, which has just enabled withdrawals.On May 15, a transaction was identified on Celsius wallets…