News

Bitcoin (BTC) briefly fell below the $59,000 mark during early European trading hours on Friday. The largest cryptocurrency by market cap touched a low of $58,688, before recovering slightly to $59,450, down 0.7% over the past 24 hours, according to data from CoinGecko. Simultaneously, Ethereum, the second-largest cryptocurrency by market capitalization, is also experiencing downward pressure, trading at $2,522, down 1.8% from the previous day. According to data from CryptoQuant, Bitcoin’s price...

WazirX has set aside millions of dollars to cover legal costs related to the theft of hundreds of millions of dollars in crypto after a cyberattack in July brought the Indian exchange to its knees. On Wednesday, Singapore-based Zettai Pte Ltd,  the holding company of WazirX, filed an affidavit with the High Court of Singapore, requesting a 30-day moratorium to facilitate discussions with investors and creditors to stabilize the platform. The moratorium, if granted, is seen as essential for ensur...

Bitcoin automated teller machines in Australia have surged in recent years, with the country now the fastest-growing market in the world. There were just 73 Bitcoin ATMs in the country in September 2022. That number has since surged to 1,162 installations, according to data from Coin ATM Radar. It places Australia third in total installs, behind only the U.S. and Canada, whose numbers dwarf that of the island nation, at 31,861 and 3004, respectively. The U.S. has had around the same number of ma...

On Thursday, a federal judge dismissed a class action lawsuit accusing Tesla and its CEO, Elon Musk, of market manipulation through public praise of Dogecoin. The plaintiffs, representing investors who claimed to have lost money due to Musk’s comments on social media in recent years, had sought $86 billion in damages, with a request for triple damages, bringing the total to $258 billion. The lawsuit centered on Musk’s various public statements about Dogecoin, primarily made via posts on X (forme...

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has made a deal with top AI developers OpenAI and Anthropic to establish formal collaboration with the U.S. AI Safety Institute (AISI), the agency said on Thursday. The institute would “receive access to major new models from each company prior to and following their public release,” according to the announcement. Anthropic is developing Claude, while OpenAI offers ChatGPT. The arrangement will allow the Inst...

Company officials told CoinDesk this was its biggest acquisition to date, bringing on 41 developers and engineers from the Bware team and increasing Alchemy's headcount to 190...

A recap of the crypto market from August 11th to 17th.