Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand
Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.Source
First Mover Americas: Bitcoin Drops to Lowest Level Since June
The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services
The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.Source
Crypto Investors Can Now Trade XRP Options on BIT Exchange
Options allow investors to hedge bullish/bearish risks and generate additional income on top of their spot market holdings.Source
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.Source
Blockchain-Harnessing AI Project Jada Receives $25M in Capital
The project’s aim is to offer AI services that aid decision-making for organizations and scale up their operations.Source
Bitcoin’s 2023 Bullish Trendline in Focus as Traders Search for Directional Clues
A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows.Source
Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump
One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.Source
Bitcoin Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly
Two-thirds of leverage funds’ positions are short, one observer said, noting the bearish bias of sophisticated traders.Source
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.Source