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Helius Labs CEO Slams Zk Compression For Crypto Slump


Helius Labs CEO Mert Mumtaz recently set crypto Twitter ablaze with a series of tweets about Solana’s new ZK compression technology. His take on this tech advancement has got the crypto community talking. Unpacking Mumtaz’s Crypto Tweets thanks a lot for nuking my entire net-worth,...

Shiba Inu revamps documentation, indicates major upgrades


Shiba Inu has initiated an extensive revamp of its documentation platform, which has sparked a fervent anticipation among its vibrant community for a series of innovative improvements. This primarily concerns the layer 2 upgradability service, Shibarium. The matter has been under scrutiny for some...

High expectations from Altcoins as Ethereum ETF Approval nears


The launch of the Spot Ethereum ETF will be a boom time for altcoins due to their association with Ethereum. The crypto market is currently undergoing a consolidation phase, and altcoins show mixed responses from investors.  Experts in the digital asset market expressed the belief that the altcoin...

$207 Million Invested in AI, Crypto and Blockchain Startups in 96 Hours


Based on data from the past four days, 14 distinct artificial intelligence (AI), cryptocurrency and blockchain startups and projects secured approximately $207.28 million in investor funding. The leading entity for July is Sentient, an open-source AI platform, which garnered $85 million from...

Chainlink price prediction: Will LINK hit the $16.5 level?


The current crypto market is struggling, including some of the top assets like Ethereum, Binance Coin, and Bitcoin. The situation has escalated, with 54 newly created wallets having withdrawn 2.08 million LINK tokens. The tokens amount to 30.28 million dollars, according to Lookonchain, an on-chain...

South Africa Approves 63 Crypto Asset Service Provider License Applications


South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably,...

CFTC Wins Case Against Crypto Fund Operators


The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment...

Russian Central Bank Suggests Using Crypto to Counter Western Sanctions


Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened...

EU–US Financial Forum Highlights Cooperation on Crypto Regulation


The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum...

Binance US Confident in Legal Battle Against SEC as Case Moves Forward


Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law,...

Crypto Security Woes Continue: $1.19B Lost in ’24 First Half


According to the latest CertiK Web3 Security Report, the cryptocurrency industry lost $1.19 billion due to on-chain security incidents in the first half of 2024.   Phishing Attacks Lead the Charge  Phishing attacks emerged as the primary culprit, accounting for nearly $498 million in losses. ...

Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC


Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024...

Consensys Acquires Wallet Guard to Enhance Metamask Security


Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Consensys’ Wallet Guard Acquisition...

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