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Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels – Defi Bitcoin News

September 3, 2023

The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s Grip on Defi: TVL Stumbles to $37 Billion The total value locked in defi is on a…

Ripple Files Opposition to SEC's Motion to Certify Interlocutory Appeal of XRP Ruling – Legal Bitcoin News

September 3, 2023

Ripple Labs has filed its opposition to the U.S. Securities and Exchange Commission’s request for Judge Analisa Torres to certify an interlocutory appeal of her ruling regarding XRP. The crypto firm has argued that “the exceptional circumstances required for…

Bitcoin, Ethereum Technical Analysis: BTC Starts Weekend Trading Close to $25,000 – Market Updates Bitcoin News

September 3, 2023

Bitcoin started the weekend trading below the $26,000 level, as bears seized market momentum to end the week. Price surged during the early part of the week, climbing over the $28,000 mark. However in the days that followed, sentiment has mostly trended lower. Ethereum…

NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn – Markets and Prices Bitcoin News

September 3, 2023

Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and its significant impact on the NFT marketplace. Can NFTs Rally in September? Recent 3-Week Sales Trend Casts…

Colorado DMV Accepts Crypto Payments Through Paypal – Bitcoin News

September 2, 2023

The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew…

‘Infamous Chisel’ Malware Targets Crypto Wallets and Exchanges: A Joint Warning by FBI and GCHQ – Security Bitcoin News

September 2, 2023

The “Infamous Chisel,” a new sophisticated malware, has been targeting crypto wallets and exchanges, as revealed in a joint report by the U.S. Federal Bureau of Investigation (FBI) and the U.K.’s Government Communications Headquarters (GCHQ). Multi-Agency Alert Over…

Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use – Bitcoin News

September 2, 2023

Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates Downward: Corrected Index Reflects More Accurate Power Consumption In a report published this week, the…

Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik – Bitcoin News

September 2, 2023

According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million. Certik Analysis…

Arkham Intelligence Reveals Grayscale's Ethereum Holdings Across 500 Addresses – Bitcoin News

September 2, 2023

On September 1, Arkham Intelligence, a crypto analytics and data tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale’s ether stash is spread across 500 distinct addresses. Grayscale’s…

Just Over Half of Turkey's Adults Invested in Crypto Assets Between Nov. 2021 and May 2023 — Study – Featured Bitcoin News

September 2, 2023

In the 18 months between Nov. 2021 and May 2023, the proportion of Turkish adults who invested in cryptocurrencies grew from 40% to 52%, data from the latest Kucoin report has shown. The report also revealed that 54% of Turkish adults who invested in crypto for the first time in the past year were under the age of 30. Crypto as a Shield Against Inflation According to a new Kucoin survey, the…