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DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service
2.7.2024
The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring...
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
2.7.2024
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to...
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
Bitcoin traders say BTC’s trend change decision rests at $65K
2.7.2024
Bitcoin’s trend change decision awaits at $65,000 where short-term traders breakeven and leveraged shorts risk a major washout
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
2.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might...
Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment
2.7.2024
Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German...
How ETFs are reshaping the crypto markets
2.7.2024
In Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethereum ETF
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...
Polkadot’s $87M H1 spend: Scrutiny on marketing costs
2.7.2024
Polkadot’s decentralized web project has been in the spotlight for its aim to unite various forms of blockchains, such as private and consortium chains, public and permissionless networks, and other innovative types. Overall, the project received significant attention during the first half...
Binance.US Challenges SEC Over ‘Control Person’ Allegation
2.7.2024
The United States subsidiary of the world’s biggest cryptocurrency exchange, Binance.US, is ready to counter the Securities and Exchange Commission (SEC). The SEC claims that the exchange offered unregistered investment products and violated the anti-fraud provisions. Binance US did not take...
Tether signs MoU to promote crypto freedom in Turkey
2.7.2024
Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey's banking in cooperation with the local crypto firm BTguru
Chainlink witnesses a substantial increase in developer activity in June
2.7.2024
Chainlink is currently experiencing a significant increase in developer traction, as per Santiment analysis, a market intelligence platform. This has resulted in the decentralized oracle network being placed directly behind the market leader, Hedera. Hedera is currently the most prominent company...
Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June
2.7.2024
Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While...
Cardano (ADA) price set for recovery with strong investor optimism
2.7.2024
Cardano, one of the most popular cryptos, is showing signs of recovery. To complete the shift, the token will need support from investors and the market. If Cardano manages to register a hike, its unprofitable supply of 1.7 billion tokens can turn profitable. According to the latest ADA forecast...
Jupiter’s community vote to shape Jupuary’s future
2.7.2024
The co-founders of Jupiter, Meow, interacted with netizens about the eagerly awaited relaunch of Jupuary. The community’s primary concern is Jupuary’s fate. This occurs as the Jupiter community prepares for a critical referendum that is expected to redefine the initiative’s future...
US Spot Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads
2.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs On Monday, U.S. spot bitcoin ETFs recorded $1.36...
Artificial Superintelligence Alliance launches token; migration tools go live
2.7.2024
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and Ocean Protocol, has announced the launch of a single token by uniting AGIX, OCEAN, and FET tokens for the first time in the field of AI. This merger is anticipated to establish a completely decentralized...
German gov’t transfers another $52M Bitcoin, threatening more BTC selling pressure
2.7.2024
The repeated Bitcoin transfers to centralized exchanges suggest that the government is planning to sell its $2.75 billion worth of BTC holdings
SEC charges Consensys Software for unregistered securities sales
2.7.2024
The SEC has charged Consensys Software Inc. with engaging in unregistered securities offerings and sales via MetaMask Staking. Additionally, the platform faces charges for operating as an unregistered broker through MetaMask Staking and MetaMask Swaps. The SEC has filed a complaint alleging that...
Russia’s Cryptocurrency Mining Bill Faces Delays
2.7.2024
The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements...