Mark Cuban faces class action lawsuit for promoting Voyager crypto products

The lawsuit alleged Mark Cuban misrepresented the crypto offerings and services by Voyager and leveraged his years of experience to lure inexperienced customers into investing their life savings. 1793 Total views 44 Total shares Mark Cuban, the billionaire entrepreneur who has been quite active in the crypto ecosystem for the past year, is facing a…

Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks

Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI cuts risk assets much-needed slackData from Cointelegraph Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI) data for July showed a…

Bitcoin dominance hits 6-month lows as metric proclaims new ‘alt season’

Bitcoin (BTC) is facing fresh competition from altcoins this month as data shows that — technically — it is already “alt season.”Figures from CoinMarketCap and TradingView show that BTC currently makes up around 41% of the overall crypto market capitalization — its lowest since the start of 2022.Bitcoin sheds market cap prowessAfter suffering at the…

Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR

The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the release, the likelihood of a 75 basis points hike in September has risen to…

Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”Musk on costs: “The trend is down”After recently selling almost all of…

Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekCrypto fundraising hits $30.3B in H1, outpacing all of 2021: ReportA report…

VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions

ZEBEDEE, Halborn, Hashflow, Socios and EtherMail headline the latest funding deals from the world of blockchain and cryptocurrency. 2735 Total views 57 Total shares Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half…

Democratic lawmakers want federal regulators to track crypto mining energy use and emissions

Congressional Democrats are calling on the Environmental Protection Agency and Department of Energy to address the recent proliferation of cryptocurrency mining within the US. In a letter sent Friday (via The Guardian), Senator Elizabeth Warren and five other lawmakers said the two agencies should work together to require crypto mining firms to disclose their energy…

Paraguayan Senate Approves Cryptocurrency Bill

The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in the cryptocurrency and crypto mining sectors. Paraguayan Cryptocurrency Bill Passes Senate…

What will cryptocurrency market look like in 2027? Here are 5 predictions

The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that’s a line from the 2011 video game, Deus Ex.)Long-term predictions are notoriously difficult to make, but they are good thought experiments. One year is too short…