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Crypto market bounces off recent sell-off, bitcoin rises to $26,500 PUBLISHED WED, AUG 23 20232:58 PM EDTUPDATED WED, AUG 23 20233:32 PM EDT   Cryptocurrencies rose Wednesday as investors continued to grapple with the market’s summer doldrums and looked ahead to the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, on Friday. Bitcoin rose more than 2% to $26,517.09. The cryptocurrency…

Last month, one of the largest digital currency wallet hacks in recent times saw Atomic Wallet users lose as much as $100 million. The notorious North Korean Lazarus Group is thought to have been behind the attack. Now, Atomic Wallet users have filed a class action lawsuit for $100 million against Atomic Wallet and its owner, Konstantin Gladych. The suit accuses both of “negligent and unlawful…

Binance has lost several senior executives who were reportedly uneasy with founder Changpeng ‘CZ’ Zhao’s handling of a U.S. Department of Justice (DOJ) criminal probe. On Thursday, Fortune reported that Binance’s general counsel Han Ng, ‘chief strategy (aka PR) officer Patrick Hillmann, and senior VP for compliance Steven Christie had all informed CZ of their plans to head for the exits. The troubled trio…

Following the train accident that claimed nearly 300 lives, India is testing the use of blockchain to improve its railway signaling and communications. The Indian Institute of Technology (IIT) is building a new blockchain-based signaling system to complement the existing Data Logger, according to a report from The Hindu. The plan is the brainchild of the Electrical and Electronic Engineering (EEE) stream…

  Bitcoin bulls held strongly above the $30k psychological level, with BTC price consolidating for major upside move towards $35k. Popular analysts believe it’s now Ethereum’s turn to witness a rally as Bitcoin set to take a breather and allow altcoins to bounce. Popular crypto trader Michael van de Poppe think Bitcoin will not move much because there are few macroeconomic events…

Cardano founder Charles Hoskinson recently called out Ethereum co-founder Vitalik Buterin for his questionable Ether staking methods. Hoskinson took issue with the fact that Buterin staked a rather small amount of his ETH holdings into his own network. Vitalik’s staking strategy raised a few eyebrows in the online crypto community as well. Charles Hoskinson recently took to Twitter to express…

Tron (TRX), the popular blockchain platform, has achieved a significant milestone by surpassing 170 million active addresses on its network. This achievement reflects the growing adoption and global reach of the TRX blockchain. The news was shared by the official TRX Twitter account, highlighting the positive outlook for the future of the platform. In addition to the increasing number of…

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets. The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the…

The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies. In addition, a crypto analyst has predicted that the price of LTC could reach $140. In a major breakthrough for the Canadian cryptocurrency market, the government has given the green light for unrestricted trading of Litecoin (LTC) and three other cryptocurrencies on exchanges. Canada grants approval…

  US House Chair Patrick McHenry warns Gensler over SEC’s critique of Bitcoin ETF filings. US House Financial Services Committee Chairman Patrick McHenry issues a Twitter warning to Chair Gary Gensler as the SEC deems spot Bitcoin ETF filings by financial giants “inadequate.” Despite criticism from the crypto community regarding a leveraged futures Bitcoin ETF, the absence of a spot…