All major cryptocurrencies saw a sharp decrease in their values following a massive sell-off yesterday, Aug. 17. The global market cap of the crypto industry fell 8% to $1.06 trillion, wiping out over $100 billion. The trading session affected the performance of prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Ripple (XRP), and Binance The post TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100% appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) is set to approve the first exchange-traded funds (ETFs) based on Ethereum futures, according to a Bloomberg report on Aug. 18 The green light from the regulatory body could pave the way for several firms, including Volatility Shares, Bitwise, Roundhill, and ProShares, that have filed to launch ETFs The post Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain? appeared first on CryptoSlate.

The crypto community is grappling with issues surrounding bug bounty programs, a crucial mechanism for discovering and addressing system vulnerabilities. Usmann Khan, a web3 security auditor, posted on Aug. 17, “Remember that projects can simply not pay, whitehat,” with a screenshot of a message from Immunefi indicating a project had been removed from its bug The post A silent security scandal or dying profession? DeFi Bug Bounty Wall of Shame has millions in unpaid bounties appeared first on CryptoSlate.

In a notable breakthrough in Bitcoin mining, UK-based Quantum Blockchain Technologies (QBT) has developed a highly promising computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient. The CEO of QBT, Francesco Gardin, defined MSFCA, in its July patent application, as a “radical change” that disrupts the “fundamental The post AI mining method for Bitcoin increases reward chance 260% by calculating future blocks appeared first on CryptoSlate.

BitGo, the Palo Alto-based crypto custody firm, has raised $100 million in funding, setting its valuation at an impressive $1.75 billion, a stark contrast to its price tag in 2021 when a $1.2 billion acquisition deal by Galaxy Digital Holdings was eventually called off, according to Bloomberg. BitGo focuses on securing crypto assets, with private The post BitGo vaults ahead in crypto custody space, valued at $1.75B following fresh funding rounds appeared first on CryptoSlate.