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German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins
11.7.2024
At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning...
Bitcoin sentiment hits most bearish levels, but this could be great news for Ethereum altcoins
11.7.2024
With Bitcoin’s (BTC) ongoing downturn and strong bearish sentiment from traders, this is great news for Ethereum (ETH) altcoins. As a result, many investors are turning to altcoins on the Ethereum blockchain, like RCO Finance (RCOF), which currently has more stability and potential...
Microstrategy Announces 10-for-1 Stock Split to Make MSTR More Accessible to Investors
11.7.2024
Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for shareholders of record as of Aug. 1. Each holder...
Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation
11.7.2024
The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market...
Compound Finance confirms ZachXBT’s Hack Warning
11.7.2024
Earlier today, renowned crypto investigator ZachXBT warned users to avoid the Compound Finance website. In a Telegram post, ZachXBT said that the ”Compound Finance website seems to potentially be hijacked do not visit the site for the time being.” ZachXBT added that the website “currently...
Binance finalizes sale of majority stake in Gopax — Report
11.7.2024
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources
Mark Cuban says; Biden should fire Gary Gensler
11.7.2024
The crypto industry has become a political topic ahead of the November 2024 elections. Progressive Rep. Ro Khanna (D-Calif.) hosted a crypto roundtable with Mark Cuban, and other key figures in the blockchain industry also appeared. Industry representatives, such as Blockchain Association’s Kristin...
UK regulator alerts public to fake solicitor Bitcoin scam
11.7.2024
Email scams requesting cryptocurrency have been gaining popularity among criminals around the world
Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations
11.7.2024
The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions...
Los Angeles Sparks Extend Partnership With Crypto.com Arena Until 2029
11.7.2024
The Los Angeles Sparks, one of the most successful teams in the Women’s National Basketball Association (WNBA), have signed a five-year extension with Anschutz Entertainment Group (AEG) to continue playing at Crypto.com Arena until 2029. This agreement extends a long-standing partnership...
Asia, Africa see rise in share of crypto startups this year, says accelerator
11.7.2024
Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets
Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move
11.7.2024
The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB)...
Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact
11.7.2024
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst...
Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy
11.7.2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody...
Trump to Address Bitcoin 2024 Conference in Nashville
11.7.2024
According to a report from Bitcoin Magazine, Donald Trump, the 45th president of the United States and a 2024 presidential candidate, will be speaking at Bitcoin 2024 in Nashville. This announcement follows Trump’s recent support for bitcoin (BTC) and the Republican party’s inclusion...
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Binance CEO: Crypto Prices May Fluctuate but Fundamentals Are Strong
11.7.2024
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term...
BitMEX pleads guilty to Bank Secrecy Act violation
10.7.2024
BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation
Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip
10.7.2024
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise...
CFTC Chairman Labels 70-80% Crypto as Non-Securities
10.7.2024
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Benham, made a comment recently on the status and class of crypto assets, fueling the turf war between the CFTC and the Securities and Exchange Commission (SEC). Not a Security Earlier today, Benham appeared before the Senate...