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Qubic Hijacks Monero: 51% Attack Sends Shock Through Crypto
Monero (XMR) is confronting what key voices on X describe as a 51% attack from the Qubic mining pool. Bitcoin developer Peter Todd set the tone early, writing: “Interesting. Apparently Monero just had a big reorg too, I assume related to this attack.” When asked whether Qubic had definitively crosse...Bitcoinist
Tue, Aug 12
Quantum Computers No Match For Bitcoin’s Math, Google Expert Says
Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. Related Readin...NewsBTC
Tue, Aug 12
S&P 500 closed at a record 6,445.76, while Nasdaq rose to 21,681.90
The S&P 500 hit a new record on Tuesday, closing at 6,445.76 after climbing 1.13%, while the Nasdaq Composite also broke fresh ground, ending at 21,681.90 with a 1.39% gain. The Dow Jones Industrial Average added 483.52 points, or 1.10%, to finish at 44,458.61. The rally came after inflation numbers for July came in slightly […]Cryptopolitan
Tue, Aug 12
Ethereum cracks $4,500 as Solana hits $190
Ethereum pushed above $4,500 on Tuesday while Solana hit $190, as Bitcoin pulled back from the $120,000 level to trade around $119,222, according to data from CoinGecko. On OKX, SOL briefly traded at $191 before slipping slightly. The moves set the tone for a trading day where ETH and SOL showed stronger price momentum than […]Cryptopolitan
Tue, Aug 12
Belarusian central bank drafts rules permitting crypto payments
Bitcoin has just become a “very important topic” in Belarus, as its powerful leader is now calling for regulations that will facilitate cryptocurrency payments. The monetary authority in Minsk is ready with the necessary changes to produce “breakthroughs” in utilizing cryptocurrencies, including for payments under sanctions. Belarus aims for ‘crypto breakthroughs’ The National Bank of […]Cryptopolitan
Tue, Aug 12
CoreWeave beats quarterly revenue estimates on sturdy AI demand
Aug 12 (Reuters) - CoreWeave CRWV.O beat Wall Street estimates for second-quarter revenue on Tuesday, driven by accelerating demand for the Nvidia-backed NVDA.O AI cloud computing firm's services.The company reported revenue of $1.21 billion for the quarter, compared with analysts' average e...Reuters
Tue, Aug 12
Anonymous Whale Scoops Up $1.34B In Ethereum In Just 8 Days – Details
Ethereum is dominating the cryptocurrency market with extraordinary price strength, surging over 200% since April and positioning itself as the top-performing major asset in the space. The rally has fueled growing optimism among analysts, with many projecting that all-time highs could soon be within...Bitcoinist
Tue, Aug 12
Biggest Crypto Bull Run In History Is About To Ignite: Top Analyst
Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industr...NewsBTC
Tue, Aug 12
Why Ruvi AI (RUVI) Might Be the Smarter Play Over Avalanche (AVAX), Passed Audit and New CoinMarketCap Listing Makes It a No Brainer
Looking for a higher-upside bet than layer-1 mainstays like Avalanche? Ruvi AI (RUVI) is gaining serious momentum after a successful audit, a fresh CoinMarketCap listing, and a presale that’s racing through milestones. With Phase 2 already past 85% at $0.015 and a programmed 33% step to $0.020 as Phase 3 begins, the window for lower-cost […]Cryptopolitan
Tue, Aug 12
Solana (SOL) Bounces Back Once Again, But Analysts Think This Altcoin is a Better Buy This Week
After a sharp dip earlier this month, Solana (SOL) has staged another impressive rebound, reigniting debate over its resilience in the volatile crypto market. But while traders watch SOL’s momentum, analysts are quietly shifting their attention to Mutuum Finance (MUTM) a rising DeFi protocol gaining traction for its innovative lending model and rapidly growing user […]Cryptopolitan
Tue, Aug 12
Silicon Valley firm Fenwick & West sued for allegedly aiding in FTX's fraud
FTX investors reportedly filed an amended class-action lawsuit against Silicon Valley law firm Fenwick & West, alleging the firm played a central role in enabling Sam Bankman-Fried’s (SBF) $8 billion fraud that led to the crypto exchange’s collapse in November 2022. The lawsuit is based on accusations that Fenwick & West is “deeply intertwined in […]Cryptopolitan
Tue, Aug 12
Alternative Coin to Invest in as Arthur Hayes Predicts Bitcoin (BTC) Retracing to $100,000 and Ethereum (ETH) to $3,000
With the crypto market preparing for what may be another bull run, thought leaders like Arthur Hayes are predicting mind-blowing new highs. With his predictions, Hayes expects Bitcoin (BTC) to climb to $100,000 and Ethereum (ETH) to $3,000 shortly. These predictions are undoubtedly bullish, and many other investors are looking away from blue-chip assets directly […]Cryptopolitan
Tue, Aug 12
BTC treasury firm Genius Group plans a secondary stock listing in Asia
Singapore-based Genius Group, an AI-powered education company with a growing Bitcoin treasury, is looking to tap deeper into Asia’s investor community by pursuing a secondary stock exchange listing, with South Korea emerging as the leading contender. In a press release published on August 12, Genius Group, which has been listed on the NYSE since April […]Cryptopolitan
Tue, Aug 12
Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation
Two leading contenders for key seats at the Fed made it clear on Tuesday that they do not believe President Donald Trump’s tariffs are causing inflation, according to CNBC interviews. Steven Miran and James Bullard, both speaking separately, rejected the position taken by many economists outside the White House that the trade duties will lead […]Cryptopolitan
Tue, Aug 12
Do Kwon pleads guilty in Manhattan to two counts of fraud
Do Kwon, the South Korean founder of Terraform Labs, has pleaded guilty in the United States to two counts of fraud tied to the $40 billion collapse of TerraUSD and Luna, according to court proceedings in Manhattan on Tuesday. The 33-year-old reversed the not-guilty plea he entered in December after being extradited from Montenegro. His […]Cryptopolitan
Tue, Aug 12
Bitcoin 4-Year Rhythm Fades Out As Fresh Market Forces Emerge: Expert
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drop...NewsBTC
Tue, Aug 12
Tom Lee Drops Bomb On Strategy’s $46B Bitcoin Stash, Saylor Is Buying BTC For The US Government?
Strategy, a publicly traded American company co-founded by Michael Saylor, is making headlines as rumors swirl about its massive $46 billion BTC stash being used as a potential backdoor for a US strategic Bitcoin reserve. The speculation arose after a crypto analyst claimed that Tom Lee, a well-know...Bitcoinist
Tue, Aug 12
Trading platform eToro's CEO highlights retail investor surge as profit beats estimates
eToro beats Wall Street expectations for Q2 resultsCEO says retail investors bought stocks during April tariff dipShares fall after execs signal stock trading is normalizingCrypto activity rose in July as bitcoin hit all-time highsBy Manya SainiAug 12 (Reuters) - Stock and crypto trading platform eT...Reuters
Tue, Aug 12
Shiba Inu (SHIB), Little Pepe (LILPEPE), Pepe Coin (PEPE): Here’s What $500 in Each Could Be Worth by 2030
We’re all dreaming of that one crypto play that turns a few hundred bucks into life-changing money. Not the overnight type of fantasy, but something real, something with a shot. With prices of everything from groceries to gas going wild and traditional investments feeling kind of meh, it’s no surprise that people are turning to […]Cryptopolitan
Tue, Aug 12
