News Explorer — Litecoin’s Third ‘Halving’ Complete, Cutting Rate of New Tokens

The halving event has caused the rate of newly issued Litecoin to shrink, reducing the supply of mining rewards and potentially driving up the price. However, Litecoin has not experienced any bullish price action and is currently down 3.8% in the past 24 hours. Despite attempts to position itself as a cheaper alternative to Bitcoin, Litecoin has struggled to surpass its adoption and currently ranks as the 12th largest cryptocurrency by market cap.

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Decrypt

Litecoin’s Third ‘Halving’ Complete, Cutting Rate of New Tokens

The halving event has caused the rate of newly issued Litecoin to shrink, reducing the supply of mining rewards and pote… Read Summary

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Aug 2, 2:58 pm

Coindesk

Lawsuit Claims ConsenSys Stole Idea for MetaMask Wallet

Joel Dietz, an entrepreneur, has filed a lawsuit against ConsenSys, accusing the Ethereum-focused developer firm of excl… Read Summary

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Protos

MicroStrategy May Sell Another $750M in Stock as Bitcoin Buys Continue

MicroStrategy, led by Michael Saylor, plans to sell up to $750 million in stocks to buy more Bitcoin, despite previously… Read Summary

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Aug 2, 10:52 am

Reuters

Worldcoin to Open User Verification System to Governments and Companies

Worldcoin plans to expand its operations globally and allow other organizations to use its iris-scanning and identity-ve… Read Summary

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Aug 2, 10:26 am

Decrypt

Sam Bankman-Fried’s Lawyers Push Back on DOJ’s Motion to Revoke Bail

In response to the U.S. government’s motion to revoke his bail, Sam Bankman-Fried’s defense counsel argued that the argu… Read Summary

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Aug 2, 9:39 am

The Block

Uniswap Removes HEX Token Following SEC Charges

Uniswap, the largest decentralized exchange protocol, has delisted the HEX token from its interface after the SEC labele… Read Summary

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Aug 2, 9:05 am

Decrypt

Coinbase Looking Into Bitcoin Lightning Network Integration

Coinbase CEO Brian Armstrong has announced that the Lightning Network, a layer-2 scaling solution for Bitcoin, is set to… Read Summary

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Aug 2, 8:29 am

Coindesk

Security Firms Propose Dropping Loan Ratio to 0 to Prevent Further Borrowing Against Existing Collateral

Security firms are proposing measures to prevent future loans against $158 million worth of curve CRV tokens on Aave. Ga… Read Summary

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Aug 2, 8:02 am

Coindesk

6 Entities Have Filed Applications for Ethereum Futures-based ETFs

Six entities, including Volatility Shares, Bitwise, VanEck, Roundhill, ProShares, and Grayscale, have filed applications… Read Summary

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Aug 2, 7:00 am

Coindesk

Hex Trust Expands European Footprint With Registration From French Financial Authorities

Hex Trust, a crypto custodian, has obtained registration from the Autorité des Marchés Financiers (AMF) and the Autorité… Read Summary

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Aug 2, 4:51 am

Reuters

Binance Users Traded $90B in Crypto in China, Violating Country’s Trading Ban

Binance users conducted $90 billion worth of cryptocurrency transactions in China, despite the country banning cryptocur… Read Summary

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Aug 2, 1:11 am

Reuters

Disgraced FTX Founder Sam Bankman-Fried Denies Witness Tampering in Letter to Judge

Sam BankmanFried, the founder of FTX cryptocurrency exchange, denies witness tampering in a letter to the judge overseei… Read Summary

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Aug 2, 12:19 am

Coindesk

Binance CEO Considered Closing US Arm to Protect Company

Binance CEO Changpeng Zhao considered shutting down the US arm of the exchange earlier this year to protect the company,… Read Summary

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Aug 1, 11:39 pm

Decrypt

ApeCoin Price Sinks to All-Time Low as Bored Ape NFTs Dip Again

ApeCoin, the token associated with the Bored Ape Yacht Club NFT collection, hit an all-time low as the market for profil… Read Summary

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