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Fireblocks Adds First Clutch of Crypto Safekeeping Firms to Its Global Custodian Program
11.7.2024
DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says
11.7.2024
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being
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...
Crypto Market Rebound Expected in August, Liquidations to Finish By July-End: JPMorgan
11.7.2024
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month
Crypto voters are bipartisan in desire to update the system: Coinbase
11.7.2024
According to a new Coinbase study, crypto voters are diverse and enthusiastic and poised to impact key battleground states in the upcoming US presidential election
Bitget reports $700M capital inflow in Q2, adds 2.9M users
11.7.2024
The exchange reported that its BTC, USDT, and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter
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...
Crypto Speculation Index Slide Suggests Bitcoin Bull Market Reset
11.7.2024
Key gauge shows that the speculative forth prevalent during the first quarter has dissipated
Enegix Global Builds Natural Gas-Powered 80 MW Crypto Mining Center in Brazil
11.7.2024
Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%....
Compound Finance site potentially breached: ZachXBT
11.7.2024
Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting to a phishing site
BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
11.7.2024
BitMEX addresses the DOJ's BSA charge as a past issue, highlighting their compliance improvements and founders' prior penalties
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...
Inferno Drainer fails attempt to launder ETH — ‘not welcome’ in Railgun
11.7.2024
Notorious wallet-draining group Inferno Drainer tried to pass $530,000 worth of stolen ETH through Railgun but discovered pretty soon after that it couldn’t
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...
Marathon site manager ducks Texas noise charges amid resident complaints
11.7.2024
David Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise ordinances
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...
Bear or bull: Survey reveals 49% are bullish about crypto right now
11.7.2024
A recent CoinGecko survey of 2,500 respondents shows that just under half are currently bullish about crypto, and a quarter haven’t worked out whether it’ll make a move at all